Alpha Exploration Ltd. (ALEX) AI Stock Analysis

• Market Cap: C$23.01M
• Dividend Yield: N/A
• Average Volume (3M): 16.50K
• Price to Earnings (P/E): 48.0
• Beta (1Y): 0.73
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: CA
• Employees: N/A
• Sector: Energy
• Sector Strength: 52
• Industry: Other Precious Metals
• EPS (TTM): >-0.01
• Shares Outstanding: 46,963,160
• 10 Day Avg. Volume: 13,903
• 30 Day Avg. Volume: 16,497
• PEG Ratio: 1.78
• Price to Book (P/B): 2.69
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -10.75
• 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$0.47 ▼(-0.43% Downside)

The score is held back primarily by weak fundamentals (no revenue, ongoing cash burn, and earnings quality concerns) and bearish technicals (below key moving averages with negative MACD). A strong, low-debt balance sheet and positive exploration/leadership corporate updates provide support but do not yet offset the operating and cash flow risks.

Positive Factors

Leadership Strength

The appointment of an experienced CEO to the board strengthens leadership, potentially enhancing strategic execution and shareholder value.

Exploration Success

Positive drilling results indicate potential for significant gold mineralization, enhancing growth prospects and competitive position in the mining industry.

Strong Balance Sheet

A strong balance sheet with minimal debt provides financial flexibility and reduces risk, supporting long-term stability and potential for investment in exploration.

Negative Factors

Lack of Revenue

The absence of revenue reflects the company's early-stage exploration profile, posing risks to financial sustainability and requiring ongoing external funding.

Cash Flow Challenges

Persistent negative cash flow indicates reliance on external financing, which could constrain operational flexibility and growth if not addressed.

Earnings Quality Concerns

Discrepancies between net income and cash flow suggest non-operating income sources, raising concerns about the sustainability of reported earnings.

Alpha Exploration Ltd. Business Overview & Revenue Model

Company Description

Alpha Exploration Limited engages in the acquisition, exploration, and development of mineral resource properties. It explores for gold and base metals. The company's flagship project is the Kerkasha property consisting of 21 contiguous exploration licenses located in Eritrea. Alpha Exploration Limited was incorporated in 2011 and is headquartered in Geneva, Switzerland.

How the Company Makes Money

Alpha Exploration Ltd. makes money through the discovery and development of mineral resources, which are then either sold or developed into mining operations. The company's primary revenue streams include the sale of mineral properties or stakes in such properties to larger mining companies, as well as potentially earning royalties or minority interests from these projects. ALEX also engages in strategic partnerships and joint ventures to co-develop mining sites, which can provide additional revenue through shared exploration costs and profit sharing. The company's ability to generate revenue is significantly influenced by the global demand for precious metals, commodity prices, and successful exploration results.

Alpha Exploration Ltd. Financial Statement Overview

Summary

Alpha Exploration Ltd. demonstrates stability in its balance sheet due to a strong equity position and lack of debt. However, the company's inability to generate revenue and positive cash flows poses significant risks to its financial health. The persistent losses and reliance on external financing highlight the need for strategic shifts to improve profitability and cash flow management.

Income Statement

Alpha Exploration Ltd. shows consistent negative EBIT and net income across multiple periods, reflecting ongoing financial challenges. The absence of revenue generation is a critical concern, indicating that the company is yet to monetize its operations effectively. The EBIT and EBITDA figures show slight improvement in TTM but remain negative, limiting profitability potential.

Balance Sheet

The balance sheet reveals a strong equity base with no debt, highlighting financial stability in terms of leverage. The stockholders' equity has grown over time, indicating some level of financial resilience. However, the absence of revenue to capitalize on this equity is a significant drawback.

Cash Flow

Cash flow analysis indicates negative operating cash flow, which raises concerns about operational sustainability. The company has relied heavily on financing activities, as seen in previous periods, to support cash flow needs. Free cash flow remains negative, indicating potential liquidity challenges.

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	0.00	0.00	0.00	0.00	0.00	0.00
EBITDA	175.85K	0.00	0.00	-689.00K	-918.00K	-1.80M
Net Income	659.20K	-391.00K	-759.00K	-388.00K	-776.00K	-1.87M
Balance Sheet
Total Assets	18.36M	16.70M	15.91M	9.99M	8.56M	6.36M
Cash, Cash Equivalents and Short-Term Investments	1.70M	1.13M	3.23M	100.46K	894.81K	1.89M
Total Debt	0.00	0.00	0.00	80.27K	0.00	0.00
Total Liabilities	395.82K	720.93K	1.15M	780.02K	1.26M	1.36M
Stockholders Equity	17.97M	15.98M	14.77M	9.21M	7.30M	4.99M
Cash Flow
Free Cash Flow	-2.32M	-4.00M	-3.11M	-3.13M	-3.64M	-1.64M
Operating Cash Flow	-696.25K	-1.06M	-461.02K	-1.06M	-948.01K	88.53K
Investing Cash Flow	-1.62M	-2.94M	-2.65M	-2.07M	-2.69M	-1.73M
Financing Cash Flow	2.12M	1.90M	6.24M	2.33M	2.64M	3.36M

Alpha Exploration Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.47
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ALEX, the sentiment is Positive. The current price of 0.47 is below the 20-day moving average (MA) of 0.48, below the 50-day MA of 0.50, and below the 200-day MA of 0.61, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 49.55 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:ALEX.

Alpha Exploration Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
WAM	54 Neutral	C$78.41M	-7.97	-33.56%	―	―	11.03%
NAU	51 Neutral	C$148.69M	-23.20	-20.26%	―	―	-38.35%
MRZ	50 Neutral	C$46.93M	-4.18	-1572.16%	―	―	1.38%
ALEX	49 Neutral	C$23.01M	48.04	4.00%	―	―	―
PGDC	49 Neutral	C$193.00M	-17.51	―	―	14.89%	-24.08%
BBB	36 Underperform	C$37.23M	-3.06	-57.94%	―	―	41.84%

Alpha Exploration Ltd. Corporate Events

Alpha Exploration Strengthens Leadership with CEO’s Board Appointment

Alpha Exploration Ltd. has appointed its CEO, John Wilton, to the Board of Directors, enhancing its leadership team with his extensive experience in gold and copper exploration in Africa. This strategic move is expected to add significant shareholder value and strengthen the company’s position in advancing its exploration projects.

Alpha Exploration Unveils Promising Drilling Results at Aburna Gold Project

Alpha Exploration Ltd. has announced promising drilling results from its 2025 exploration program at the Aburna Gold Project in Eritrea. The results highlight significant gold mineralization, particularly in the Hill 52 and Central areas, with substantial portions of the project area remaining unexplored. These findings could enhance Alpha’s position in the mining industry and offer potential growth opportunities for stakeholders.

Alpha Exploration Appoints New CEO and Expands Gold Prospects

Alpha Exploration Ltd. has appointed John Wilton as its new CEO, bringing his extensive experience in gold and copper exploration in Africa to the company. This leadership change is expected to enhance shareholder value as the company advances its gold and base metal exploration projects. Concurrently, Alpha has reported positive results from its shallow RAB drilling at the Aburna Gold project, indicating an expanding footprint and new compelling gold targets. These developments suggest a substantial opportunity for value creation for stakeholders, with the potential for significant extensions to known gold mineralization.