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Surge Copper

SRGXF
Industrial Materials · Basic Materials
Price
$0.48
+0.02 (+4.91%)
Market Cap
$182.3M
Exchange
Other OTC
Winston Score
Winston looking sleepy
No score yet — Winston is napping.
We couldn’t gather enough financial data to score this stock reliably.

Share count rising — dilution

+105.7% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 158.9M (2022) → 327.0M (2026)

Winston Score History

The full picture

Surge Copper is a Canadian mineral exploration company focused on discovering and developing copper and molybdenum deposits in British Columbia, Canada. The company's main project is the Ootsa property, located near existing mining infrastructure in the Berg and Huckleberry area. It does not yet produce or sell any metals — it is still in the exploration and development stage.

Because Surge Copper has no operating mines, it does not generate revenue from product sales. The company funds its activities by raising money from investors through stock offerings. With a market cap around $0.2 billion, it is a small-cap exploration company competing for investor attention alongside many similar junior miners. Its key growth driver is advancing its copper-gold-molybdenum deposits toward a feasibility stage, but the main risks include volatile commodity prices, permitting challenges, and the need to continually raise capital before any mine could begin production.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

Revenue data limited

EPS Growth

-64.9% YoY

YoY Growth Rate

Earnings declining

R&D Spend

C$0/ year

Research and development spending

Insider Activity

36.5%ownership

Insiders own a meaningful stake in the company

Cash Runway

~8 months

C$19M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Cash watch

Surge Copper has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale
Gross Margin
N/A
Data not available
Profit after running costs
Operating Margin
N/A
Data not available
Return on the money invested
ROCE
-5.7%
Weak — -5.7% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth
Sales YoY
N/A
Data not available
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
1/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
N/A
Data not available

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Stability

What it owes vs what it owns
Debt / Equity
N/A
Data not available
Covers its interest
Interest Cover
N/A
Data not available

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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