Sorrento Resources Ltd. (C:SRS)
Business Focus: Non-Gold Precious Metals & Minerals (NEC)
| Sector: Basic Materials | Industry: Non-Gold Precious Metals & Minerals |
| Company Contact | |
| Address: | 9285 203b Street LANGLEY BC V1M 2L9 |
| Tel: | N/A |
| Website: | N/A |
| IR: | N/A |
| Key People | ||
| Brayden Robert Sutton President, Chief Executive Officer, Director | Bobby S. Dhaliwal Chief Financial Officer, Corporate Secretary | |
| Business Overview |
| Sorrento Resources Ltd. is a Canada-based mineral resource company. The Company is engaged in acquisition, exploration, and development of mineral property assets in Canada. Its objective is to locate and develop economic precious and base metal properties of merit and to conduct its exploration program on the Wing Pond Property. The Wing Pond Property is located approximately 40 kilometers (km) east-northeast of Gander, Newfoundland, Canada, in Central Newfoundland. The Wing Pond Property has interest in approximately 462 mining claims located in Newfoundland. |
| Financial Overview |
| For the nine months ended 31 March 2024, Sorrento Resources Ltd revenues was not reported. Net loss increased from C$182K to C$519K. Higher net loss reflects Exploration expenses increase from C$35K to C$239K (expense), Management fees increase from C$33K to C$68K (expense), Investor relations increase from C$6K to C$40K (expense). Basic Earnings per Share excluding Extraordinary Items decreased from -C$0.02 to -C$0.03. |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $5.31M as of Mar 31, 2024 |
| Annual revenue (TTM): | $0.00M as of Mar 31, 2024 |
| EBITDA (TTM): | -$0.72M as of Mar 31, 2024 |
| Net annual income (TTM): | -$0.72M as of Mar 31, 2024 |
| Free cash flow (TTM): | -$0.48M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 19,408,611 as of Mar 31, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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