Clifton Mining(OTC) CFTN

Clifton Mining Company is a natural resources enterprise focused on identifying, acquiring, and developing mineral-bearing properties. The company primarily produces silver, gold, and lead from a joint venture site located near the Utah-Nevada border.

Products and Services

• Production of silver, gold, and lead
• Development of mineral-bearing properties
• Management of mining claims and leases

Growth Outlook

• Possesses 82 patented claims and 402 unpatented lode claims
• Land holdings cover approximately 14,027 acres in a mining district
• Established in 1993, with ongoing exploration and development efforts

Financial Highlights

• Recent quarterly net income of -$50,342, reflecting ongoing operational challenges
• Trailing twelve months (TTM) cash and short-term investments of $1,139,057
• Current ratio of 28.73, indicating strong liquidity position

Clifton Mining Company operates in the basic materials sector, specifically within the precious metals industry. The company has a significant land portfolio, which positions it well for future exploration and development. Despite recent financial challenges, including negative net income, the company maintains a robust liquidity position, as evidenced by its high current ratio. The focus on mineral production and property development may provide opportunities for growth as market conditions evolve. Investors may find the company's extensive land holdings and established presence in the mining sector noteworthy as they consider potential investment opportunities.