Aston Bay Holdings (BAY) AI Stock Analysis

• Market Cap: C$16.44M
• Dividend Yield: N/A
• Average Volume (3M): 191.36K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.28
• Revenue Growth: N/A
• EPS Growth: 90.73%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 252,949,630
• 10 Day Avg. Volume: 108,347
• 30 Day Avg. Volume: 191,357
• PEG Ratio: 0.12
• Price to Book (P/B): 9.24
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -5.14
• 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: 46 Neutral
• Price Target: C$0.05 ▲(8.00% Upside)

The score is held down primarily by weak financial performance (no revenue, ongoing losses, and persistent cash burn), only partially offset by the 2025 balance-sheet repair (positive equity and zero debt). Technicals are mixed with some near-term improvement but weaker longer-term trend and a negative MACD. Valuation remains unattractive due to negative earnings and no dividend support.

Positive Factors

Balance sheet repair

Restoring positive equity and eliminating reported debt materially reduces near-term solvency risk and interest burden. This durable improvement increases flexibility to negotiate JV/farm-out deals and access capital on better terms if exploration shows promise.

Monetization-focused business model

A transaction-oriented model (option/JV/farm-out/royalty) aligns incentives to de-risk assets via partners rather than self-funding mine builds. Over months this can preserve capital, accelerate discovery-to-value pathways and let BAY capture upside while limiting capex obligations.

Focus on copper and base metals

Concentrating on copper and associated base metals ties the company to a structurally supportive commodity backdrop driven by electrification and infrastructure. This sector alignment enhances the long-term strategic value of discoveries for partners and potential acquirers.

Negative Factors

No operating revenue

Being pre-commercial with no sales means the business has no internal revenue buffer to fund operations or validate economics. Over months this sustains reliance on external capital, raising execution risk if financing windows narrow or partner interest wanes.

Persistent negative cash flow

Consistent operating and free cash flow deficits create ongoing funding needs and potential dilution from frequent financings. Structural cash burn relative to company size reduces runway and limits ability to advance multiple targets or absorb exploration setbacks.

Small asset and capital base

A modest asset base and limited capital resources constrain the company’s ability to fund sustained, multi-target exploration. This reduces bargaining leverage with partners and heightens the impact of any single project failing to meet milestones, raising structural dilution risk.

Aston Bay Holdings Business Overview & Revenue Model

Company Description

Aston Bay Holdings Ltd. acquires, explores for, and develops resource properties in North America. The company explores for copper, lead, zinc, gold, silver, and precious metal deposits. It holds a 100% interest in the Storm Copper and Seal Zinc project that consists of 117 contiguous mining claims and 6 prospecting permits covering an area of approximately 302,725 hectares on Somerset Island, Nunavut, Canada; the Blue Ridge Gold project covers an area of 4,445 hectares located in central Virginia, the United States; and the Mountain Zinc-Copper project, which covers an area of 1,982 acres located in central Virginia, the United States. The company is headquartered in Toronto, Canada.

How the Company Makes Money

Aston Bay Holdings makes money through its mineral exploration operations, primarily by investing in exploration projects with the potential to discover economically viable mineral deposits. The company's revenue model is based on increasing the value of its exploration assets and projects, which can attract investment, joint ventures, or potential acquisitions by larger mining companies. Aston Bay Holdings may also generate revenue through the sale or optioning of its mineral properties to other entities interested in advancing the projects. Key revenue streams include exploration success leading to increased asset valuation and strategic partnerships that provide funding and technical expertise. Significant factors contributing to its earnings include successful exploration outcomes, market demand for copper and gold, and the ability to secure investment from partners or through public markets.

Aston Bay Holdings Financial Statement Overview

Summary

Aston Bay Holdings exhibits significant financial challenges with no revenue and increasing losses, negative equity, and reliance on financing for liquidity. These factors indicate a precarious financial situation.

Income Statement

Aston Bay Holdings' income statement shows no revenue generation over the periods analyzed, which is a critical weakness. The company has consistently reported negative EBIT and net income, with increasing losses over time. This trend indicates significant challenges in achieving profitability, resulting in a poor income statement performance.

Balance Sheet

The balance sheet reveals a weak financial position characterized by negative stockholders' equity in most periods, reflecting accumulated losses. The company has managed its debt levels well recently, with a debt-to-equity ratio appearing favorable due to low or zero debt. However, the negative equity and minimal assets highlight financial instability.

Cash Flow

Aston Bay Holdings' cash flow statement shows persistent negative operating cash flow, indicating operational inefficiencies. There is no evidence of free cash flow growth, and cash flow from operations consistently falls short of covering net income. The company relies heavily on financing activities to maintain liquidity, which poses sustainability concerns.

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	-83.33K	-83.33K	0.00	0.00
EBITDA	-3.62M	-1.96M	-3.07M	-455.00K	-103.00K	-65.95K
Net Income	-1.01M	-1.96M	-3.29M	-725.00K	-1.73M	-1.44M
Balance Sheet
Total Assets	1.98M	1.51M	665.23K	203.72K	266.06K	219.96K
Cash, Cash Equivalents and Short-Term Investments	1.83M	1.43M	552.89K	3.75K	56.39K	19.18K
Total Debt	0.00	0.00	644.78K	782.23K	515.82K	304.48K
Total Liabilities	145.32K	170.33K	1.06M	2.27M	1.59M	705.57K
Stockholders Equity	1.84M	1.34M	-393.44K	-2.07M	-1.32M	-485.62K
Cash Flow
Free Cash Flow	-1.31M	-2.41M	-2.46M	-221.55K	-940.19K	-1.19M
Operating Cash Flow	-1.31M	-2.41M	-2.46M	-221.55K	-940.19K	-1.19M
Investing Cash Flow	0.00	0.00	0.00	0.00	0.00	0.00
Financing Cash Flow	0.00	3.28M	3.02M	229.30K	976.38K	881.32K

Aston Bay Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.05
• 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:BAY, the sentiment is Positive. The current price of 0.05 is above the 20-day moving average (MA) of 0.05, below the 50-day MA of 0.05, and below the 200-day MA of 0.06, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 61.70 is Neutral, neither overbought nor oversold. The STOCH value of 60.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:BAY.

Aston Bay Holdings 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%
BKM	54 Neutral	C$18.67M	-20.94	―	―	―	-36.95%
BMET	51 Neutral	C$20.48M	-1.01	-125.25%	―	―	-500.71%
AUME	49 Neutral	C$18.76M	-8.72	―	―	―	―
BAY	46 Neutral	C$16.44M	-34.21	-55.06%	―	―	90.73%
AJN	46 Neutral	C$23.41M	-6.70	―	―	―	64.44%
ABR	39 Underperform	C$31.37M	52.78	5.28%	―	―	―

Aston Bay Holdings Corporate Events

Aston Bay Uncovers 17 New Metal Showings at Nunavut Epworth Project

Aston Bay Holdings reported significant results from its 2025 summer field program at the Epworth Copper-Silver Project in Nunavut, where prospecting and mapping led to the discovery of 17 new base and precious metal showings. High-grade grab samples from these showings returned up to 29.2% copper with 217 g/t silver in chalcocite veins, as well as notable copper-gold, zinc-lead and cobalt values that are spatially associated with MobileMT geophysical conductors. Management says the results support the presence of a robust sediment-hosted copper system with potential for substantial buried mineralization, particularly within the underexplored Recluse Group rocks, and materially refine and de-risk targets ahead of a planned 2026 drill program that will test both high-grade veins and large-scale stratiform Cu-Ag-Co mineralization, positioning the project to benefit from strong copper and silver price trends.

The most recent analyst rating on (TSE:BAY) stock is a Hold with a C$0.06 price target. To see the full list of analyst forecasts on Aston Bay Holdings stock, see the TSE:BAY Stock Forecast page.

Aston Bay Holdings Reports Promising Copper Discoveries at Storm Project

Aston Bay Holdings, in collaboration with American West Metals, has announced promising results from its latest drilling efforts at the Storm Copper Project in Nunavut, Canada. The discovery of high-grade copper mineralization outside the current pit designs suggests significant potential for resource expansion. These findings, coupled with ongoing permitting and pre-feasibility studies, position the project for a resource update and potential recognition from Canadian government agencies focused on critical mineral supply chains.