CANEX Metals Inc (TSE:CANX)
:CANX
Want to see TSE:CANX full AI Analyst Report?
Top Page
CANEX Metals
(CANX)
Select Model
Select Model
Rating:48Neutral
Price Target:
C$0.22
▲(11.50% Upside)
Action:Reiterated
Date:05/29/26
The score is primarily constrained by weak financial performance (pre-revenue, ongoing losses, and negative free cash flow), only partly offset by a strong low-debt balance sheet. Technical indicators are mixed-to-neutral, while valuation is limited by negative earnings and no dividend support.
Positive Factors
Very low leverage / strong balance sheet
The company's extremely low debt burden provides durable financial flexibility for an exploration-stage miner. Low leverage reduces default and interest risks, allowing management to fund drilling and surveys via equity or modest financing without near-term solvency pressure, preserving optionality.
Negative Factors
Pre-revenue operations
Being pre-revenue is a structural constraint: there is no operating income to validate the business model or fund activities. Long-term value depends entirely on successful resource definition and eventual monetization, making outcomes binary and dependent on exploration success.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage / strong balance sheet
The company's extremely low debt burden provides durable financial flexibility for an exploration-stage miner. Low leverage reduces default and interest risks, allowing management to fund drilling and surveys via equity or modest financing without near-term solvency pressure, preserving optionality.
Read all positive factors
CANEX Metals (CANX) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$54.35M
Dividend YieldN/A
Average Volume (3M)249.63K
Price to Earnings (P/E)―
Beta (1Y)1.54
Revenue GrowthN/A
EPS Growth-100.00%
CountryCA
Employees389
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding209,027,860
10 Day Avg. Volume54,728
30 Day Avg. Volume249,630
Financial Highlights & Ratios
PEG Ratio-0.76
Price to Book (P/B)2.90
Price to Sales (P/S)0.00
P/FCF Ratio-83.56
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)N/A
Revenue Forecast (FY)N/A
CANEX Metals Business Overview & Revenue Model
Company Description
CANEX Metals Inc. focuses on identifying, acquiring, and advancing mineral properties, with a particular emphasis on discovering gold and silver deposits. The company holds a stake in several key assets, including the Gold Range property in Mohave...
How the Company Makes Money
null...
CANEX Metals Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
27
Negative
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -3.43K | -4.73K | -2.13K | -3.38K | -30.00 | -18.00 |
| EBITDA | -1.16M | -492.08K | -247.00K | -463.60K | -781.33K | -805.00K |
| Net Income | -1.07M | -496.82K | -279.00K | -535.40K | -781.36K | -806.00K |
Balance Sheet | ||||||
| Total Assets | 36.67M | 7.60M | 5.97M | 5.92M | 5.77M | 3.88M |
| Cash, Cash Equivalents and Short-Term Investments | 2.00M | 663.91K | 189.13K | 785.75K | 1.77M | 1.82M |
| Total Debt | 302.99K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 1.89M | 319.77K | 96.15K | 98.25K | 145.09K | 233.70K |
| Stockholders Equity | 22.29M | 7.28M | 5.87M | 5.83M | 5.62M | 3.65M |
Cash Flow | ||||||
| Free Cash Flow | -1.25M | -252.24K | -596.13K | -1.52M | -2.59M | -1.28M |
| Operating Cash Flow | -887.50K | -252.24K | -251.90K | -465.71K | -528.57K | -481.98K |
| Investing Cash Flow | -1.80M | -956.20K | -282.67K | -888.91K | -1.83M | -668.50K |
| Financing Cash Flow | 4.27M | 1.71M | -3.25K | 591.97K | 2.62M | 1.90M |
CANEX Metals Technical Analysis
Positive
0.20
Price Trends
0.25
Positive
0.25
Negative
0.20
Positive
Market Momentum
>-0.01
Positive
49.59
Neutral
71.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CANX, the sentiment is Positive. The current price of 0.2 is below the 20-day moving average (MA) of 0.25, below the 50-day MA of 0.25, and below the 200-day MA of 0.20, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 49.59 is Neutral, neither overbought nor oversold. The STOCH value of 71.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:CANX.
CANEX Metals 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% | |
48 Neutral | C$54.35M | -45.56 | -7.05% | ― | ― | -100.00% | |
48 Neutral | C$41.03M | -2.59 | -35.31% | ― | ― | -926.97% | |
45 Neutral | C$35.09M | -1.83 | -74.08% | ― | ― | -73.78% | |
45 Neutral | C$27.65M | -6.79 | -22.31% | ― | ― | 17.98% | |
45 Neutral | C$35.06M | >-0.01 | ― | ― | ― | ― | |
44 Neutral | C$25.24M | 19.11 | 2.73% | ― | ― | ― |
* Basic Materials Sector Average
TSE:CANX
CANEX Metals
0.25
0.19
284.62%
TSE:BTR
BonTerra Resources
0.18
-0.04
-18.18%
TSE:JG
Japan Gold
0.10
>-0.01
-5.00%
TSE:USGD
American Pacific Mining
0.16
-0.05
-25.12%
TSE:FUTR
Gold'n Futures Mineral
0.24
-0.77
-76.50%
TSE:RDG
Ridgeline Minerals
0.18
-0.02
-7.89%
CANEX Metals Corporate Events
M&A TransactionsRegulatory Filings and Compliance
CANEX Metals Revises Gold Basin Take-Up Figures, Confirms 52% Controlling Stake
Neutral
Mar 20, 2026
CANEX Metals has corrected the number of Gold Basin Resources Corporation shares taken up under its offer to acquire all outstanding shares. The company now reports it acquired 70,088,199 Gold Basin shares, equal to 51.86% of Gold Basin’s is...
Business Operations and StrategyExecutive/Board ChangesM&A TransactionsRegulatory Filings and ComplianceShareholder Meetings
CANEX Tightens Grip on Gold Basin as Shareholders Approve New Board and Strategy
Positive
Mar 17, 2026
CANEX Metals has confirmed that Gold Basin Resources shareholders elected an entirely new five-member board at the company’s annual general meeting, with all resolutions passed unanimously on a turnout representing more than half of the outs...
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.