Bird River Resources (BDR) AI Stock Analysis

• Market Cap: C$9.05M
• Dividend Yield: N/A
• Average Volume (3M): 127.10K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.72
• Revenue Growth: N/A
• EPS Growth: -920.00%
• Country: CA
• Employees: N/A
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): N/A
• Shares Outstanding: 67,068,320
• 10 Day Avg. Volume: 101,434
• 30 Day Avg. Volume: 127,104
• PEG Ratio: >-0.01
• Price to Book (P/B): 3.70
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -1.92
• 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: 45 Neutral
• Price Target: C$0.13 ▼(-5.71% Downside)

The score is primarily constrained by very weak financial performance (no revenue, widening losses, significant cash burn, and negative equity with higher debt). Technical indicators are mixed and only mildly supportive, while valuation is difficult to justify due to a negative P/E and no dividend yield data.

Positive Factors

Access to capital markets

A public listing (TSE:BDR on CNQX) provides durable access to equity and debt markets, which is a structural advantage for capital-intensive E&P firms. This listing eases the company’s ability to raise financing to fund exploration, repay obligations, or execute restructurings over months.

Industry exposure — E&P

Operating in the Oil & Gas E&P sector gives the company exposure to structurally persistent global energy demand and commodity-driven recovery potential. Over a multi-month horizon, improved commodity prices or successful asset development can materially restore cash generation and asset values.

Historically moderate leverage

The balance-sheet narrative shows the company had moderate leverage and positive equity in prior annual periods, indicating it previously operated with healthier solvency. That history suggests there may be structural capacity to regain financial stability if losses and cash burn are addressed or funding is secured.

Negative Factors

Zero revenue

Sustained absence of revenue is a fundamental impairment: core operations are not producing operating cash inflows, forcing reliance on financing or asset sales. Without revenue generation, profit recovery and sustainable margins cannot be achieved, raising long-term viability risks.

Severe cash burn & negative FCF

Deep negative free cash flow and recurring negative operating cash flow indicate persistent cash consumption. This structural cash burn exhausts reserves, increases refinancing needs, and limits capacity to fund exploration or capex organically, elevating dilution or distress risk over months.

Deteriorated balance sheet

Liabilities exceeding book equity and a meaningful rise in debt materially weaken solvency and creditor cushions. Negative equity constrains borrowing capacity, increases refinancing difficulty, and can force asset sales or dilutive capital raises, posing lasting solvency and governance challenges.

Bird River Resources Business Overview & Revenue Model

Company Description

Bird River Resources Inc. does not have significant operations. The company intends to identify, evaluate, and acquire interest in a business or assets. Previously, it was engaged in the acquisition, exploration, and development of petroleum and natural gas properties in Canada. Bird River Resources Inc. was incorporated in 1958 and is based in Winnipeg, Canada.

How the Company Makes Money

Bird River Resources makes money through the exploration and production of oil and natural gas, which it sells to various markets. The company's revenue model is primarily based on the sale of these commodities, which are extracted from its owned or jointly operated assets. Key revenue streams include the sale of crude oil and natural gas products. Additionally, the company may engage in strategic partnerships or joint ventures to optimize resource extraction and distribution, contributing to its earnings. Factors such as commodity prices, extraction efficiency, and operational costs significantly affect its revenue generation.

Bird River Resources Financial Statement Overview

Summary

Financial quality is very weak: revenue is effectively zero, losses are persistent and widened materially in 2025, and operating/free cash flow are consistently negative with a sharp increase in 2025 cash burn. The balance sheet shows positive equity, but rising debt and volatility in equity increase financing and dilution risk.

Income Statement

Operating performance is very weak. Revenue is effectively zero in most years (only a small amount reported in 2020), while losses are persistent and widened materially in 2025 (annual EBIT about -$1.21M and net loss about -$1.22M vs. a much smaller loss in 2024). With no consistent revenue base, profitability and margin quality remain poor and earnings visibility is limited.

Balance Sheet

The balance sheet is mixed: equity is positive in 2025 (~$0.41M) and assets increased (~$1.01M), but leverage has risen with total debt of ~$0.26M in 2025 (after several years showing no debt). Equity has also been volatile over time (including negative equity in 2020), which elevates financing and dilution risk if losses continue.

Cash Flow

Cash generation is weak and deteriorated in the latest year. Operating cash flow and free cash flow are consistently negative, and 2025 burn accelerated significantly (operating cash flow about -$0.78M and free cash flow about -$0.78M vs. about -$0.06M in 2024). While reported free cash flow growth is positive in 2025, it reflects year-to-year swings from a low base rather than sustainable improvement.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00
Gross Profit	0.00	0.00	0.00	0.00	0.00
EBITDA	-1.19M	-127.39K	0.00	0.00	-176.31K
Net Income	-1.22M	-45.65K	-559.79K	-242.34K	-302.12K
Balance Sheet
Total Assets	1.01M	24.44K	150.44K	392.97K	590.02K
Cash, Cash Equivalents and Short-Term Investments	903.80K	23.03K	87.67K	351.75K	551.98K
Total Debt	258.36K	0.00	0.00	0.00	0.00
Total Liabilities	598.90K	8.65K	89.00K	86.16K	98.80K
Stockholders Equity	406.54K	15.79K	61.44K	306.81K	491.21K
Cash Flow
Free Cash Flow	-782.98K	-64.64K	-413.08K	-200.23K	-185.46K
Operating Cash Flow	-782.98K	-64.64K	-413.08K	-200.23K	-185.46K
Investing Cash Flow	-235.09K	0.00	0.00	0.00	4.20K
Financing Cash Flow	1.91M	0.00	149.00K	0.00	620.71K

Bird River Resources Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.14
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BDR, the sentiment is Positive. The current price of 0.14 is below the 20-day moving average (MA) of 0.14, above the 50-day MA of 0.14, and above the 200-day MA of 0.09, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 51.74 is Neutral, neither overbought nor oversold. The STOCH value of 25.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:BDR.

Bird River Resources 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%
BNG	47 Neutral	C$7.28M	-1.69	-16.45%	―	-32.11%	66.67%
BDR	45 Neutral	C$9.05M	-1.46	-575.47%	―	―	-920.00%
SQX	40 Underperform	C$2.48M	-4.55	―	―	―	-29.41%
TCF	39 Underperform	C$4.16M	―	-73.96%	―	―	―
PNN	27 Underperform	C$3.34M	-0.88	―	―	―	―
ALTU	27 Underperform	C$4.79M	-0.07	-274.20%	―	-36.75%	-275.73%

Bird River Resources Corporate Events

Bird River Resources to Acquire Mexican Mining Assets in Strategic Shift

Bird River Resources Inc. has announced a binding letter of intent to acquire mining assets from Analog Gold Inc., including a subsidiary in Mexico and royalty interests in the San Miguel Project. This acquisition, valued at $28 million, marks a significant shift in Bird River’s operations, as it transitions to focus on the exploration of the Tres Oros Mine and the operation of the Tadeo Mill in Mexico. The transaction will result in a fundamental change in the company’s business and is subject to various approvals and conditions. The move is expected to enhance Bird River’s industry positioning by expanding its asset base and operational capabilities, although trading of its shares has been halted pending regulatory approval.

Bird River Resources Announces Equity Incentive Grants

Bird River Resources Inc. has announced the granting of 1,661,864 deferred share units (DSUs) to four individuals within the company, including a director, officer, and two employees, as compensation for services provided until November 30, 2025. Additionally, 100,000 stock options have been granted to an external consultant, exercisable at $0.16 per share for five years. These grants are part of the company’s omnibus equity incentive compensation plan, recently approved by shareholders, and are expected to align the interests of key personnel with the company’s long-term goals.

Bird River Resources Completes Financing and Debt Settlement

Bird River Resources Inc. has successfully closed the final tranche of its non-brokered private placement financing, raising a total of CAD$2,515,109.52. The proceeds from this offering will be used for general corporate and working capital requirements. Additionally, the company has issued common shares to settle a debt related to lease payments, further strengthening its financial position. These transactions are expected to support Bird River’s ongoing operations and strategic initiatives in the resource sector.

Bird River Resources Completes Private Placement and Debt Settlement

Bird River Resources Inc. announced the completion of the final tranche of its non-brokered private placement, aiming to raise up to $139,253 for general corporate and working capital purposes. Additionally, the company has entered a debt settlement agreement to issue common shares in satisfaction of a USD$250,000 debt related to lease payments, pending necessary regulatory approvals. This strategic move is expected to enhance the company’s financial flexibility and strengthen its market position.