SURG.V
Surge Copper Corp.
TSXVCADEQUITY
Basic Materials
DELAYED
Last price
0.63
▲ 0.04 (6.78%)
MARKET · —
Price
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
0.61
Prev close
0.59
Day high
0.67
Day low
0.60
Volume
3.76M
Market cap
$238.14M
P/E (TTM)
—
52W range
0.15 – 0.92
Trailing performance
Returnvs SPY
1W
+10.53%
+11.9%
1M
+21.15%
+17.4%
3M
-20.25%
-23.3%
6M
+5.00%
-6.1%
YTD
+31.25%
+19.0%
1Y
+350.00%
+330.0%
3Y
+530.00%
+455.8%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on SURG.V open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
149.68M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Jun 23, 26 | Pettit (James Gaydon) Director of Issuer |
EXERCISE | 100.00K | $29.60K | Direct |
| Jun 22, 26 | Ebert (Shane William) Director of Issuer |
EXERCISE | 500.00K | $148.50K | Direct |
| Jun 22, 26 | Nilsson (Leif) Director of Issuer |
EXERCISE | 500.00K | $148.50K | Direct |
| Jun 22, 26 | Collins (Chantelle) Senior Officer of Issuer |
EXERCISE | 200.00K | $59.40K | Direct |
| Jun 22, 26 | Ebert (Shane William) Director of Issuer |
SELL | 124.00K | $51.71K | Direct |
| Jun 19, 26 | Ebert (Shane William) Director of Issuer |
SELL | 60.00K | $25.86K | Direct |
| Jun 19, 26 | Ebert (Shane William) Director of Issuer |
SELL | 100.00K | $41.70K | Direct |
| Jun 18, 26 | Glazier (Patrick L.) Director of Issuer |
EXERCISE | 100.00K | $29.70K | Direct |
| Apr 27, 26 | African Rainbow Minerals Limited 10% Security Holder of Issuer |
BUY | 7.96M | $2.92M | Direct |
| Jan 13, 26 | Kargl-Simard (Christian Peter Thomas) Director of Issuer |
SELL | 100.00K | $45.40K | Direct |
| Jan 7, 26 | Kargl-Simard (Christian Peter Thomas) Director of Issuer |
SELL | 100.00K | $45.50K | Direct |
| Jan 2, 26 | Kargl-Simard (Christian Peter Thomas) Director of Issuer |
EXERCISE | 300.00K | $91.80K | Direct |
| Jan 2, 26 | Kargl-Simard (Christian Peter Thomas) Director of Issuer |
SELL | 300.00K | $106.20K | Direct |
| Oct 9, 25 | Kargl-Simard (Christian Peter Thomas) Director of Issuer |
BUY | 59.00K | $12.21K | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
African Rainbow Minerals Limited |
10% Security Holder of Issuer | 76.70M | Acquisition or disposition under a prospectus exemption |
Collins (Chantelle) |
Senior Officer of Issuer | 1.34M | Exercise of options |
Ebert (Shane William) |
Director of Issuer | 4.20M | Exercise of options |
Glazier (Patrick L.) |
Director of Issuer | 10.08M | Exercise of options |
Kargl-Simard (Christian Peter Thomas) |
Director of Issuer | 3.87M | Acquisition or disposition in the public market |
Nilsson (Leif) |
Director of Issuer | 6.42M | Exercise of options |
Pettit (James Gaydon) |
Director of Issuer | 1.41M | Exercise of options |
Fundamentals
Market cap$238.14M
Enterprise value$225.67M
Revenue (TTM)—
Gross profit—
EBITDA$-518.67K
Net income$-437.02K
EPS (TTM)$-0.01
Free cash flow$-270.87K
Total cash$18.82M
Total debt$18.63K
Book value / share$0.23
Shares outstanding378.00M
Float283.16M
Short % of float—
Dividend yield—
Beta (5Y)—
Valuation & profitability ratios
Trailing P/E—
Forward P/E-63.00
PEG ratio—
Price / sales—
Price / book2.76
EV / revenue—
EV / EBITDA-435.10
Gross margin0.00%
Operating margin0.00%
Profit margin0.00%
Return on equity-2.04%
Return on assets-1.58%
Debt / equity0.03
Current ratio6.60
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2026 | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $0 | $0 | $0 | $0 | — | — |
| Operating revenue | $0 | $0 | $0 | $0 | — | — |
| Cost of revenue | $31.52K | $32.94K | $36.06K | $39.33K | — | -4.3% |
| Gross profit | -$31.52K | -$32.94K | -$36.06K | -$39.33K | — | +4.3% |
| Selling, general & admin | $4.01M | $2.98M | $2.49M | $3.08M | — | +34.6% |
| Total operating expense | $4.23M | $3.16M | $2.66M | $3.32M | — | +33.7% |
| Operating income | -$4.26M | -$3.20M | -$2.70M | -$3.35M | — | -33.3% |
| Net interest income | $113.10K | $95.83K | $31.36K | $54.26K | — | +18.0% |
| Pre-tax income | -$4.95M | -$1.92M | -$2.04M | -$1.87M | — | -158.2% |
| Tax provision | -$388.00K | $133.00K | -$309.00K | $246.00K | — | -391.7% |
| Net income | -$4.57M | -$2.05M | -$1.73M | -$2.11M | — | -122.6% |
| Net income to common | -$4.57M | -$2.05M | -$1.73M | -$2.11M | — | -122.6% |
| Basic EPS | — | -0.01 | -0.01 | -0.01 | -0.03 | — |
| Diluted EPS | — | -0.01 | -0.01 | -0.01 | -0.03 | — |
| EBIT | -$4.95M | -$1.91M | -$2.03M | -$1.85M | — | -159.0% |
| EBITDA | -$4.92M | -$1.88M | -$2.00M | -$1.81M | — | -161.9% |
| Basic shares | — | 277.52M | 202.10M | 173.43M | 158.93M | — |
| Diluted shares | — | 277.52M | 202.10M | 173.43M | 158.93M | — |
| Line item | 2026 | 2025 | 2024 | 2023 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $18.82M | $1.88M | $84.66K | $2.82M | +900.8% |
| Cash & short-term investments | $18.82M | $1.88M | $84.66K | $2.82M | +900.8% |
| Total current assets | $19.48M | $2.20M | $190.85K | $2.97M | +786.5% |
| Property, plant & equipment | $62.07M | $54.82M | $51.15M | $47.38M | +13.2% |
| Total assets | $81.55M | $57.02M | $51.34M | $50.35M | +43.0% |
| Total current liabilities | $2.61M | $411.36K | $850.55K | $1.25M | +535.6% |
| Total debt | $18.63K | $51.63K | $80.37K | $105.03K | -63.9% |
| Total liabilities | $6.37M | $4.57M | $4.91M | $5.65M | +39.3% |
| Retained earnings | -$39.71M | -$35.15M | -$33.10M | -$31.36M | -13.0% |
| Shareholder equity | $75.18M | $52.44M | $46.43M | $44.70M | +43.4% |
| Working capital | $16.87M | $1.79M | -$659.70K | $1.72M | +844.3% |
| Net tangible assets | $75.18M | $52.44M | $46.43M | $44.70M | +43.4% |
| Shares issued | 378.00M | 290.98M | 224.45M | 194.55M | +29.9% |
| Line item | 2026 | 2025 | 2024 | 2023 | YoY |
|---|---|---|---|---|---|
| Net income | -$4.57M | -$2.05M | -$1.73M | -$2.11M | -122.6% |
| Depreciation & amortisation | $31.52K | $32.94K | $36.06K | $39.33K | -4.3% |
| Stock-based compensation | $2.12M | $1.45M | $1.30M | $1.88M | +45.9% |
| Change in working capital | -$381.80K | -$342.99K | $458.18K | $481.18K | -11.3% |
| Operating cash flow | -$2.36M | -$1.93M | -$849.75K | -$871.36K | -22.4% |
| Capital expenditure | -$299.19K | -$17.28K | -$9.49K | -$3.35K | -1,631.2% |
| Investing cash flow | -$7.09M | -$3.56M | -$2.03M | -$8.25M | -99.0% |
| Financing cash flow | $26.39M | $7.29M | $144.25K | $4.12M | +262.2% |
| Free cash flow | -$2.66M | -$1.95M | -$859.24K | -$874.71K | -36.6% |
| End cash position | $18.82M | $1.88M | $84.66K | $2.82M | +900.8% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | YoY |
|---|---|---|---|---|---|---|---|
| Total revenue | $0 | $0 | $0 | $0 | $0 | — | — |
| Operating revenue | $0 | $0 | $0 | $0 | $0 | — | — |
| Cost of revenue | $7.88K | $7.88K | $7.88K | $7.88K | $8.24K | — | +0.0% |
| Gross profit | -$7.88K | -$7.88K | -$7.88K | -$7.88K | -$8.24K | — | -0.0% |
| Selling, general & admin | $2.58M | $494.12K | $493.00K | $602.91K | $1.56M | — | +422.2% |
| Total operating expense | $1.75M | $1.10M | $742.60K | $636.29K | $786.86K | — | +58.8% |
| Operating income | -$1.76M | -$1.11M | -$750.48K | -$644.17K | -$795.10K | — | -58.4% |
| Net interest income | $52.98K | $33.78K | $19.97K | $6.37K | $12.26K | — | +56.9% |
| Pre-tax income | -$2.38M | -$1.82M | -$96.31K | -$650.45K | -$788.45K | — | -30.7% |
| Tax provision | -$388.00K | $0 | $0 | $0 | $133.00K | — | — |
| Net income | -$2.00M | -$1.82M | -$96.31K | -$650.45K | -$921.45K | — | -9.4% |
| Net income to common | -$2.00M | -$1.82M | -$96.31K | -$650.45K | -$921.45K | — | -9.4% |
| Basic EPS | — | -0.01 | 0.00 | -0.01 | — | 0.00 | — |
| Diluted EPS | — | -0.01 | 0.00 | -0.01 | — | 0.00 | — |
| EBIT | -$2.38M | -$1.82M | -$94.47K | -$648.61K | -$786.61K | — | -30.7% |
| EBITDA | -$2.38M | -$1.82M | -$86.59K | -$640.73K | -$778.37K | — | -30.9% |
| Basic shares | — | 326.23M | 323.13M | 290.98M | — | 287.96M | — |
| Diluted shares | — | 326.23M | 323.13M | 290.98M | — | 287.96M | — |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $18.82M | $4.30M | $8.19M | $1.06M | $1.88M | +338.2% |
| Cash & short-term investments | $18.82M | $4.30M | $8.19M | $1.06M | $1.88M | +338.2% |
| Total current assets | $19.48M | $4.75M | $8.56M | $1.54M | $2.20M | +309.9% |
| Property, plant & equipment | $62.07M | $61.27M | $59.03M | $54.97M | $54.82M | +1.3% |
| Total assets | $81.55M | $66.02M | $67.60M | $56.51M | $57.02M | +23.5% |
| Total current liabilities | $2.61M | $1.94M | $1.86M | $318.54K | $411.36K | +34.6% |
| Total debt | $18.63K | $27.95K | $37.27K | $44.45K | $51.63K | -33.3% |
| Total liabilities | $6.37M | $6.09M | $6.01M | $4.48M | $4.57M | +4.7% |
| Retained earnings | -$39.71M | -$37.72M | -$35.89M | -$35.80M | -$35.15M | -5.3% |
| Shareholder equity | $75.18M | $59.94M | $61.58M | $52.03M | $52.44M | +25.4% |
| Working capital | $16.87M | $2.81M | $6.71M | $1.22M | $1.79M | +500.1% |
| Net tangible assets | $75.18M | $59.94M | $61.58M | $52.03M | $52.44M | +25.4% |
| Shares issued | 378.00M | 345.41M | 345.41M | 290.98M | 290.98M | +9.4% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | YoY |
|---|---|---|---|---|---|---|---|
| Net income | -$2.00M | -$1.82M | -$96.31K | -$650.45K | -$921.45K | — | -9.4% |
| Depreciation & amortisation | $7.88K | $7.88K | $7.88K | $7.88K | $8.24K | — | +0.0% |
| Stock-based compensation | $1.12M | $292.70K | $351.99K | $369.96K | $444.73K | — | +283.9% |
| Change in working capital | -$426.25K | -$871.59K | $1.30M | -$386.14K | -$175.65K | — | +51.1% |
| Operating cash flow | -$994.27K | -$1.64M | $935.14K | -$658.76K | -$500.60K | — | +39.5% |
| Capital expenditure | — | -$2.25M | -$4.06M | — | — | -$521.68K | — |
| Investing cash flow | -$610.21K | -$2.25M | -$4.07M | -$161.51K | -$161.58K | — | +72.9% |
| Financing cash flow | $16.13M | $0 | $10.26M | $0 | -$28.73K | — | — |
| Free cash flow | $5.18M | -$3.89M | -$3.13M | -$658.76K | $2.88M | — | +233.2% |
| End cash position | $18.82M | $4.30M | $8.19M | $1.06M | $1.88M | — | +338.2% |
Options analytics
Put / call volume
—
—
Put / call open interest
—
Positioning, not flow
Max pain
—
—
ATM implied vol
—
Nearest strike to spot
Skew (10% OTM)
—
—
Call volume
0
Contracts, this expiry
Put volume
0
Contracts, this expiry
Heaviest call OI
—
—
Heaviest put OI
—
—
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2024 | — | -0.00 | — |
| Mar 2024 | — | -0.01 | — |
| Dec 2023 | — | 0.00 | — |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | — | — | $0 | — |
| Next quarter | — | — | $0 | — |
| Current year | — | — | $0 | — |
| Next year | — | — | $0 | — |
Analyst targets & ownership
Mean target$1.48
High target$2.25
Low target$0.70
Implied upside134.13%
Analyst count2
ConsensusBUY
Strong buy / Buy2 / 0
Hold0
Sell / Strong sell0 / 0
Held by insiders38.57%
Held by institutions3.85%
Institutions holding3
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
0.58
+8.43% from price
SMA 20
0.54
+16.45% from price
SMA 50
0.55
+14.21% from price
SMA 100
0.63
+0.61% from price
SMA 200
0.56
+11.93% from price
EMA 12
0.57
+9.71% from price
EMA 26
0.56
+13.15% from price
EMA 50
0.57
+10.71% from price
RSI (14)
63.9
Neutral
MACD (12,26,9)
0.02
Hist 0.01
ATR (14)
0.05
8.28% of price
Realised vol 30D
84.4%
Annualised
Bollinger upper
0.65
20, 2σ
Bollinger lower
0.43
20, 2σ
50 / 200 cross
Death
0.55 vs 0.56
Trend bias
Above 200
+11.93%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
2.14
More volatile than market
Correlation to SPY
0.26
Largely independent
Realised vol 30D
84.4%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-51.6%
Peak to trough
Max drawdown 5Y
-86.7%
Peak to trough
ATR 14
0.05
8.28% of price
Beta (reported)
—
5Y monthly, from filing
Short interest
Shares short
1.98M
Prior 1.67M
Change vs prior
+18.9%
Shorts adding
% of float
—
—
% of shares out
0.43%
Against total outstanding
Days to cover
1.9
Liquid
Float
283.16M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
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PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.