Caerus Mineral Resources Plc (CMRS) AI Stock Analysis

• Market Cap: £4.23M
• Dividend Yield: N/A
• Average Volume (3M): 1.03M
• Price to Earnings (P/E): ―
• Beta (1Y): -0.92
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: UK
• Employees: 4
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Other Precious Metals
• EPS (TTM): >-0.01
• Shares Outstanding: 192,288,060
• 10 Day Avg. Volume: 1,306,474
• 30 Day Avg. Volume: 1,031,058
• PEG Ratio: 0.03
• Price to Book (P/B): -4.41
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -1.50
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 40 Underperform
• Price Target: 2.00p ▼(-29.82% Downside)

Overall score is weighed down primarily by very weak financial performance (no revenue, ongoing losses and cash burn, and negative equity). Technicals also lean bearish with the stock trading below key moving averages and a negative MACD, while valuation signals are constrained by a negative P/E and no dividend support.

Positive Factors

Public listing on LSE

Listing on the London Stock Exchange provides sustained access to public equity markets and visibility with UK/EU investors. This structural market access supports future capital raises for exploration or project development, improving funding options over the medium term.

Precious metals industry exposure

Operating in the precious metals sector aligns the company with long-term structural demand and safe-haven flows. Such sector exposure can support project economics and investor interest, making it easier to attract financing or strategic partners over a 2–6 month horizon.

Lean operating headcount

A four-person workforce implies a very lean fixed-cost base, allowing management to direct limited capital toward project activity via contractors. This structural flexibility can extend runway, reduce fixed cash burn, and preserve optionality while pursuing resource advancement.

Negative Factors

No revenue and persistent operating losses

The absence of revenue from 2020–2024 and ongoing operating losses mean the company lacks internal cash generation and is not self-sustaining. Reliance on external funding raises dilution and execution risk, limiting the firm's ability to progress projects without new capital.

Negative equity and rising debt

Equity turning negative while debt rises indicates impaired solvency and diminished financial flexibility. Structurally, negative equity complicates fundraising, can increase borrowing costs or covenants, and elevates creditor risk versus shareholder claims over the medium term.

Consistent negative operating and free cash flow

Persistent negative operating and free cash flow, with material FCF deterioration versus 2023, demonstrates ongoing cash burn. This structural cash deficit necessitates continual financing, constrains capital allocation to projects, and raises the risk of funding-driven delays or dilution.

Caerus Mineral Resources Plc Business Overview & Revenue Model

Company Description

Critical Mineral Resources Plc is an exploration and development company, which engages in developing assets that produce critical minerals for the global economy. It focuses on Morocco and Igli Silver projects. It operates through the Corporate and Administrative, and Mineral Exploration. The Corporate and Administrative segment includes its activities of raising finance and seeking new investment opportunities, all based in the United Kingdom. The Mineral Exploration segment refers to base in Morocco. The company was founded on November 1, 2017 and is headquartered in London, the United Kingdom.

How the Company Makes Money

Caerus Mineral Resources Plc Financial Statement Overview

Summary

Very weak fundamentals: no revenue across 2020–2024, persistent operating losses, and consistently negative operating/free cash flow. Balance sheet has deteriorated to negative equity since 2022 with rising debt and a shrinking asset base, indicating elevated solvency and funding risk.

Income Statement

The company reports no revenue across 2020–2024, while operating losses persist (EBIT negative every year) and gross profit is consistently negative, indicating an early-stage or non-producing profile. Net income is highly volatile—showing a profit in 2023 but reverting to a large loss in 2024—suggesting results are driven by non-operating items rather than a stable earnings engine. Overall profitability quality is weak with no visible path to self-funding operations in the provided period.

Balance Sheet

Financial position has deteriorated meaningfully: stockholders’ equity moved from positive in 2020–2021 to negative in 2022–2024, which raises solvency risk and reduces financial flexibility. Total debt increased versus 2023 and is now larger than the equity base (which is negative), making leverage difficult to interpret but directionally concerning. Total assets declined sharply from 2022 levels, implying a smaller asset base supporting ongoing cash burn.

Cash Flow

Cash generation is consistently negative: operating cash flow and free cash flow are below zero in every year shown, including 2024, indicating ongoing funding needs. Free cash flow worsened materially versus 2023 (sharp negative growth), and cash outflows remain large relative to reported earnings swings, reinforcing that profitability is not translating into cash. The cash flow profile reflects a business that is not yet internally sustainable.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-25.63K	-25.63K	-55.20K	-45.59K	-5.15K	0.00
EBITDA	-873.12K	-705.64K	-1.01M	-4.04M	-647.54K	-5.49K
Net Income	-972.36K	-914.08K	255.56K	-5.51M	-821.80K	-98.73K
Balance Sheet
Total Assets	1.94M	244.64K	251.07K	1.24M	5.54M	1.84M
Cash, Cash Equivalents and Short-Term Investments	671.47K	70.07K	24.79K	115.82K	2.51M	137.91K
Total Debt	1.47M	274.12K	77.08K	85.44K	504.00	5.03K
Total Liabilities	1.59M	519.11K	334.97K	1.40M	588.36K	469.97K
Stockholders Equity	370.98K	-255.30K	-78.60K	-123.80K	5.02M	1.26M
Cash Flow
Free Cash Flow	-1.02M	-749.47K	-798.39K	-1.93M	-1.41M	-436.58K
Operating Cash Flow	-1.02M	-749.47K	-798.39K	-889.11K	-938.20K	-424.37K
Investing Cash Flow	-1.12M	0.00	749.67K	-1.44M	-454.80K	-53.11K
Financing Cash Flow	2.77M	794.75K	-63.31K	-31.80K	3.76M	651.07K

Caerus Mineral Resources Plc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
GMET	56 Neutral	£296.96M	-104.14	-18.58%	―	―	―
ROCK	54 Neutral	£17.04M	-2.79	―	―	―	―
EEE	50 Neutral	£258.77M	-52.00	-43.48%	―	―	―
CMRS	40 Underperform	£4.23M	-2.27	-757.67%	―	―	―

Caerus Mineral Resources Plc Corporate Events

Critical Mineral Resources Gains FCA Approval for Prospectus and Confirms Share Admission

Critical Mineral Resources Plc has published a Financial Conduct Authority-approved prospectus following its recent equity fundraise, paving the way for the admission of 129,999,995 new ordinary shares, previously issued but unadmitted investment shares, and warrant shares to trading on the London Stock Exchange’s main market on 3 February 2026. Following admission, the company’s issued share capital will rise to 339,333,501 ordinary shares, clarifying total voting rights for shareholders and underpinning CMR’s capital base as it advances its Moroccan critical minerals portfolio, while also correcting an earlier duplication error in fundraise-related announcements.

The most recent analyst rating on (GB:CMRS) stock is a Sell with a £2.00 price target. To see the full list of analyst forecasts on Caerus Mineral Resources Plc stock, see the GB:CMRS Stock Forecast page.

Significant Share Acquisition in Critical Mineral Resources PLC

Critical Mineral Resources PLC announced that Alexie Crassas, associated with a person discharging managerial responsibilities, acquired 524,409 ordinary shares in the company. This transaction, conducted on the London Stock Exchange, reflects a significant investment in the company, potentially indicating confidence in its future prospects and impacting its market positioning.