AsiaBaseMetals (ABZ) AI Stock Analysis

• Market Cap: C$6.46M
• Dividend Yield: N/A
• Average Volume (3M): 3.77K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.11
• Revenue Growth: N/A
• EPS Growth: 37.33%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): N/A
• Shares Outstanding: 49,687,870
• 10 Day Avg. Volume: 4,650
• 30 Day Avg. Volume: 3,766
• PEG Ratio: 0.49
• Price to Book (P/B): -4.54
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -100.12
• 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: 49 Neutral
• Price Target: C$0.13 ▲(61.25% Upside)

The score is held down primarily by weak financial performance (no revenue, ongoing losses, negative equity, and cash burn). Technicals are a notable offset with positive momentum and price above major moving averages, while valuation remains unfavorable/less meaningful due to negative earnings and no dividend support.

Positive Factors

Improving loss trajectory

Steady shrinkage of net losses over several years indicates improved cost control and operational discipline. That structural improvement lengthens runway, makes future fundraising less onerous, and increases the feasibility of a viable business model if paired with eventual revenue generation.

Low absolute debt burden

Very small nominal debt reduces interest and covenant pressure, preserving financial flexibility. Over the medium term this lowers default risk and gives management more optionality to pivot or invest if a funding source is secured, supporting stability despite negative equity.

Marked reduction in cash burn

The decline from large historical outflows to modest recent cash use suggests improved capital efficiency and tighter spending discipline. That persistent reduction in burn improves survival odds and lengthens runway, a durable operational improvement if maintained alongside funding.

Negative Factors

No revenue generation

Absence of revenue is a fundamental structural weakness: without product-market sales there is no path to sustainable margins or internal cash generation. Long-term viability depends on establishing a revenue model; until then the business remains financing-dependent and speculative.

Persistent negative equity

Cumulative deficits that produce sustained negative equity signal long-standing losses and erode creditor and investor confidence. This constrains financing options, increases refinancing and covenant risk, and limits the company's ability to absorb shocks or invest in growth without dilution.

Volatile, mostly negative cash generation

Intermittent and predominantly negative cash flows indicate the company cannot reliably self-fund operations or growth. This structural cash-generation gap forces reliance on external financing, risking dilution and creating persistent execution risk unless cash conversion is sustainably improved.

AsiaBaseMetals Business Overview & Revenue Model

Company Description

AsiaBaseMetals Inc. focuses on the exploration and development of base metals in Canada. It explores for zinc, gold and silver, cobalt, and lithium deposits. The company primarily holds a 100% interest in the Gnome project consisting of 12 mineral claims covering an area of 5,868 hectares located in British Columbia. AsiaBaseMetals Inc. was incorporated in 2009 and is based in Vancouver, Canada.

How the Company Makes Money

AsiaBaseMetals makes money through the exploration, development, and potential sale or partnership of its mineral properties. The company generates revenue through the sale of extracted minerals like zinc, cobalt, and lithium once they are developed. Additionally, the company might engage in joint ventures, partnerships, or option agreements with other mining companies to share development costs and potential profits. The value of their properties and the minerals extracted is influenced by market demand, commodity prices, and the successful advancement of their exploration projects. Revenue streams are also dependent on the successful discovery and development of economically viable mineral deposits.

AsiaBaseMetals Financial Statement Overview

Summary

Financial profile is weak: the company shows no revenue, persistent net losses (though improving), negative stockholders’ equity that worsened in 2025, a very small asset base, and generally negative/volatile operating and free cash flow indicating ongoing cash burn.

Income Statement

The company reports no revenue across the period provided, and losses remain persistent. Net loss improved materially from 2020 (-1.03M) to 2025 (-0.22M), but profitability is still deeply negative and margin data is not meaningful given the lack of revenue. Overall, the trajectory shows smaller losses, but there is no operating scale or clear path to sustainable earnings in the statements shown.

Balance Sheet

The balance sheet is structurally weak, with stockholders’ equity negative in every year and worsening to -820.8K in 2025 (from -637.5K in 2024), which increases financial risk and limits flexibility. Total debt is low in absolute terms (12.4K in 2025; zero in prior years), but negative equity makes leverage harder to interpret and signals ongoing cumulative losses. Total assets are small (22.0K in 2025), suggesting a limited asset base to absorb shocks or fund growth.

Cash Flow

Cash generation is volatile and mostly negative, with operating cash flow negative in 2025 (-37.2K) after a small positive year in 2024 (+4.2K). Free cash flow is also negative in 2025 (-37.2K) and has seen large historical outflows (notably 2022 at -462.3K), indicating recurring cash burn. While recent cash outflow is far smaller than peak burn years, the business still does not show consistent internally generated cash to fund operations.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	0.00	0.00	0.00	-7.50K	-4.45K	0.00
EBITDA	-226.10K	-215.97K	-311.18K	-552.15K	-276.81K	-368.36K
Net Income	-233.19K	-224.99K	-335.41K	-663.10K	-277.27K	-368.80K
Balance Sheet
Total Assets	20.00K	22.02K	23.93K	20.81K	82.50K	106.28K
Cash, Cash Equivalents and Short-Term Investments	830.00	544.00	1.78K	1.49K	40.16K	65.55K
Total Debt	12.37K	12.37K	0.00	0.00	0.00	0.00
Total Liabilities	785.11K	842.85K	661.44K	415.52K	174.28K	357.67K
Stockholders Equity	-765.11K	-820.83K	-637.51K	-394.71K	-91.78K	-251.39K
Cash Flow
Free Cash Flow	-40.28K	-37.21K	290.00	-58.68K	-462.27K	-377.92K
Operating Cash Flow	-36.33K	-37.21K	4.24K	-35.19K	-462.27K	-377.92K
Investing Cash Flow	-3.95K	-3.92K	-3.95K	-23.49K	0.00	0.00
Financing Cash Flow	39.90K	39.90K	0.00	20.00K	436.89K	326.77K

AsiaBaseMetals Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.08
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ABZ, the sentiment is Positive. The current price of 0.08 is below the 20-day moving average (MA) of 0.11, below the 50-day MA of 0.09, and above the 200-day MA of 0.07, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 64.49 is Neutral, neither overbought nor oversold. The STOCH value of 69.80 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:ABZ.

AsiaBaseMetals 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%
NSJ	50 Neutral	C$3.09M	-11.30	-52.50%	―	―	10.85%
ABZ	49 Neutral	C$6.46M	-28.26	―	―	―	37.33%
QBAT	45 Neutral	C$2.78M	-2.58	-14.59%	―	―	-36.33%
GEL	45 Neutral	C$3.66M	-3.66	-96.85%	―	―	35.91%
ADDY	34 Underperform	C$6.02M	-1.29	-63.42%	―	―	-54.44%

AsiaBaseMetals Corporate Events

AsiaBaseMetals Acquires Promising Jervis Property in British Columbia

AsiaBaseMetals Inc. has acquired a 100% interest in the Jervis Property, located in the Gambier Group in British Columbia, Canada, which is known for its potential for Britannia Mine-style volcanogenic massive sulphide (VMS) deposits. This acquisition positions the company strategically within a region with a rich exploration history and significant mineralization potential, enhancing its prospects for discovering valuable copper, zinc, gold, and silver deposits. The Jervis Project’s historical exploration data indicates widespread mineralization, and the company aims to leverage this information to advance its exploration efforts.