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Operations: Magna Terra Minerals Inc. currently does not report any revenue segments.

Market Cap: CA$6.32M

Magna Terra Minerals Inc., with a market cap of CA$6.32 million, is pre-revenue and has recently turned profitable, reporting net income of CA$0.56 million for the year ending August 2024. Despite no debt and a strong short-term asset position, its auditor expressed doubts about its ability to continue as a going concern. The company expanded its exploration portfolio by acquiring the Rocky Brook Project in New Brunswick and increased holdings in Newfoundland's Humber Copper-Cobalt Project. However, share price volatility remains high over recent months, reflecting potential investor uncertainty despite operational progress.

• Jump into the full analysis health report here for a deeper understanding of Magna Terra Minerals.

• Evaluate Magna Terra Minerals' historical performance by accessing our past performance report.

Wealth Minerals

Simply Wall St Financial Health Rating: ★★★★☆☆

Overview: Wealth Minerals Ltd. is involved in the acquisition, exploration, and development of mineral properties across Canada, Chile, Peru, and Mexico with a market cap of CA$18.47 million.

Operations: Currently, there are no reported revenue segments for this company.

Market Cap: CA$18.47M

Wealth Minerals Ltd., with a market cap of CA$18.47 million, is pre-revenue and unprofitable, reporting increased net losses for the third quarter of 2024. The company has a seasoned management team and board but faces high share price volatility, exceeding 75% of Canadian stocks. Short-term assets cover liabilities (CA$4.6M vs CA$364.7K), yet it holds less than a year’s cash runway based on current free cash flow trends. Despite being debt-free and reducing losses by 15.3% annually over five years, shareholder dilution occurred with shares outstanding increasing by 3.1%.

• Get an in-depth perspective on Wealth Minerals' performance by reading our balance sheet health report here.

• Gain insights into Wealth Minerals' historical outcomes by reviewing our past performance report.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include CNSX:PUMP TSXV:MTT and TSXV:WML.

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