Awale Resources Limited (TSE:ARIC)
:ARIC
Want to see TSE:ARIC full AI Analyst Report?
Top Page
Awale Resources Limited
(ARIC)
Select Model
Select Model
Rating:46Neutral
Price Target:
C$0.70
▲(8.75% Upside)
Action:Reiterated
Date:06/03/26
The score is held down primarily by persistent losses, minimal revenue, and ongoing negative operating/free cash flow that imply continued funding dependence. A clean, expanding balance sheet with essentially no debt provides some support, but technical indicators remain weak with the stock trading below key moving averages and negative MACD.
Positive Factors
Low Debt / Strong Equity
A near-zero debt profile and materially larger equity base provide durable financial flexibility for an exploration company. This reduces refinancing and interest risk, allows funding of drilling programs via equity or partnerships, and supports negotiation leverage with JV partners over the next several quarters.
Negative Factors
Minimal Revenue
Revenue is negligible and the company remains loss-making across key profitability metrics. With operating costs far exceeding tiny revenues, the business lacks near-term self-sustaining cash generation, constraining organic scaling and increasing dependence on capital markets until a material discovery or commercial revenue emerges.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Debt / Strong Equity
A near-zero debt profile and materially larger equity base provide durable financial flexibility for an exploration company. This reduces refinancing and interest risk, allows funding of drilling programs via equity or partnerships, and supports negotiation leverage with JV partners over the next several quarters.
Read all positive factors
Awale Resources Limited (ARIC) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$91.63M
Dividend YieldN/A
Average Volume (3M)94.14K
Price to Earnings (P/E)―
Beta (1Y)1.73
Revenue GrowthN/A
EPS Growth32.80%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.02
Shares Outstanding118,996,930
10 Day Avg. Volume87,544
30 Day Avg. Volume94,139
Financial Highlights & Ratios
PEG Ratio0.53
Price to Book (P/B)2.41
Price to Sales (P/S)0.00
P/FCF Ratio-22.15
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)N/A
Awale Resources Limited Business Overview & Revenue Model
Company Description
Awalé Resources Limited specializes in the prospecting and evaluation of valuable mineral properties, with a primary concentration on uncovering gold resources. Its most significant undertaking is the Bondoukou project, which comprises three conce...
How the Company Makes Money
Awalé Resources Limited does not typically generate recurring operating revenue from selling products or services because it is primarily an exploration-stage company. null...
Awale Resources Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
74
Positive
Cash Flow
33
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 11.70K | 0.00 | 0.00 |
| Gross Profit | -161.73K | 0.00 | 11.70K | -16.09K | -28.46K |
| EBITDA | -2.15M | -2.53M | -938.00K | -8.46M | -1.55M |
| Net Income | -2.05M | -2.75M | -1.04M | -8.48M | -1.70M |
Balance Sheet | |||||
| Total Assets | 21.50M | 13.02M | 6.92M | 5.82M | 12.38M |
| Cash, Cash Equivalents and Short-Term Investments | 11.91M | 6.97M | 999.60K | 255.28K | 57.00K |
| Total Debt | 0.00 | 0.00 | 0.00 | 29.52K | 31.66K |
| Total Liabilities | 3.59M | 856.80K | 1.39M | 2.26M | 1.17M |
| Stockholders Equity | 17.76M | 12.12M | 5.54M | 3.56M | 11.21M |
Cash Flow | |||||
| Free Cash Flow | -1.93M | -2.63M | -1.29M | -625.70K | -375.75K |
| Operating Cash Flow | -1.59M | -2.20M | -1.26M | -615.70K | -345.89K |
| Investing Cash Flow | 75.24K | -624.52K | 72.78K | -179.36K | -3.08M |
| Financing Cash Flow | 6.05M | 8.64M | 1.91M | 999.96K | 2.77M |
Awale Resources Limited Technical Analysis
Positive
0.64
Price Trends
0.82
Negative
0.85
Negative
0.73
Positive
Market Momentum
-0.01
Negative
49.31
Neutral
72.22
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ARIC, the sentiment is Positive. The current price of 0.64 is below the 20-day moving average (MA) of 0.75, below the 50-day MA of 0.82, and below the 200-day MA of 0.73, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 49.31 is Neutral, neither overbought nor oversold. The STOCH value of 72.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:ARIC.
Awale Resources Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
51 Neutral | C$44.89M | 54.33 | 1.27% | ― | ― | ― | |
46 Neutral | C$91.63M | -27.04 | -12.12% | ― | ― | 32.80% | |
46 Neutral | C$47.53M | -23.73 | -6.77% | ― | ― | -29.35% | |
45 Neutral | C$69.05M | -19.37 | -649.02% | ― | ― | -191.53% | |
42 Neutral | C$89.01M | 226.05 | 1.89% | ― | ― | ― | |
40 Underperform | C$85.51M | -28.06 | 97.87% | ― | ― | 5.48% |
* Basic Materials Sector Average
TSE:ARIC
Awale Resources Limited
0.73
0.20
37.74%
TSE:ANK
Angkor Resources
0.32
0.12
61.54%
TSE:EDG
Endurance Gold
0.45
0.23
106.98%
TSE:GPG
Grande Portage Resources
0.26
0.05
27.50%
TSE:VIO
Vior Inc.
0.11
-0.03
-18.52%
TSE:ROS
RosCan Gold
0.18
0.11
140.00%
Awale Resources Limited Corporate Events
Business Operations and Strategy
Awalé Extends High-Grade Gold at Odienné’s Charger Target Ahead of First Resource Estimate
Positive
Apr 14, 2026
Awalé Resources reported new high‑grade gold drill results from the Charger target at its Odienné Project in Côte d’Ivoire, including 18.9 grams per tonne over 7 metres and 24.8 grams per tonne over 5 metres. These inter...
Business Operations and Strategy
Awalé Extends High-Grade Gold at Odienné Charger Target, Eyes Q2 2026 Resource
Positive
Mar 31, 2026
Awalé Resources reported new high-grade gold intercepts from step-down drilling at the Charger 1 target within its Odienné Project in Côte d’Ivoire, including 36.2 g/t gold over 6 metres and 10.3 g/t over 8 metres. These resul...
Business Operations and Strategy
Awalé Resources Extends High-Grade Gold-Copper Mineralization at BBM in Côte d’Ivoire
Positive
Mar 16, 2026
Awalé Resources reported strong deep drilling results from the BBM gold-copper discovery at its Odienné Project in Côte d’Ivoire, including broad intervals of mineralization that confirm continuity of the system to nearly 600 ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.