CANEX Metals (CANX) AI Stock Analysis

• Market Cap: $7.99M
• Dividend Yield: N/A
• Average Volume (3M): 85.61K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.12
• Revenue Growth: N/A
• EPS Growth: 20.83%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 73
• Industry: Gold
• EPS (TTM): 0.00
• Shares Outstanding: 122,914,100
• 10 Day Avg. Volume: 56,949
• 30 Day Avg. Volume: 85,605
• PEG Ratio: -1.45
• Price to Book (P/B): 1.39
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -17.55
• 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

• Rating: 39 Underperform
• Price Target: ―

CANEX Metals' overall stock score is significantly impacted by its weak financial performance, characterized by a lack of revenue and ongoing losses. While the technical analysis offers some neutral signals, the valuation highlights the high risk of investing in the company due to its negative earnings and lack of dividends. These factors collectively suggest a challenging outlook for the stock, with financial instability being the primary concern.

CANEX Metals Business Overview & Revenue Model

Company Description

CANEX Metals (CANX) is a Canadian-based exploration company focused on discovering and developing high-quality mineral resources. The company operates primarily in the precious metals sector, with a particular emphasis on gold and copper projects. CANEX Metals is committed to advancing its properties through strategic exploration and development activities to increase shareholder value.

How the Company Makes Money

CANEX Metals makes money through the exploration and development of mineral properties, primarily focusing on gold and copper. The company generates revenue by discovering economically viable mineral deposits and subsequently selling or leasing these properties to larger mining companies or joint venture partners. Additionally, CANEX may earn income through the sale of its mineral rights or through royalties and streaming agreements, where it receives a percentage of the revenue generated from the mining activities conducted on its properties by other companies. Significant partnerships with larger mining firms or investors can also contribute to CANEX's earnings by providing the necessary capital and resources to advance its exploration projects.

CANEX Metals Financial Statement Overview

Summary

CANEX Metals faces significant challenges due to its lack of revenue generation and continued operational losses. Despite a strong equity base and no debt, the company is heavily reliant on equity financing to sustain operations. The absence of revenue growth and negative cash flows suggest financial instability, raising concerns about its ability to achieve profitability in the near term.

Income Statement

CANEX Metals has not generated any revenue over the past years, indicating challenges in its business operations or exploration activities. The company consistently shows negative EBIT and net income, reflecting ongoing losses without signs of profitability. The lack of revenue growth is concerning, as it suggests no monetizable production or sales.

Balance Sheet

The company's balance sheet shows some strengths, such as a zero debt position, which is a positive sign of financial prudence. However, the equity ratio is relatively high due to minimal liabilities, indicating reliance on equity financing. The return on equity is negative, driven by continued losses, which detracts from the company's financial health.

Cash Flow

CANEX Metals exhibits negative operating and free cash flows, indicative of cash burn without offsetting income. The free cash flow growth rate is negative due to higher capital expenditures and no revenue generation. Although there's some positive financing cash flow, it primarily stems from equity financing rather than operational improvements.

Breakdown	TTM	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	0.00	0.00	-3.38K	-30.00	-18.00	-31.00
EBITDA	-371.61K	-247.00K	-463.60K	-641.97K	-805.00K	-198.01K
Net Income	-436.39K	-279.00K	-535.40K	-781.36K	-806.00K	-198.04K
Balance Sheet
Total Assets	6.29M	5.97M	5.92M	5.77M	3.88M	2.50M
Cash, Cash Equivalents and Short-Term Investments	467.61K	189.13K	785.75K	1.77M	1.82M	1.00M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	164.54K	96.15K	98.25K	145.09K	233.70K	131.39K
Stockholders Equity	6.13M	5.87M	5.83M	5.62M	3.65M	2.37M
Cash Flow
Free Cash Flow	-455.28K	-596.13K	-1.52M	-2.59M	-1.28M	-1.23M
Operating Cash Flow	-254.12K	-251.90K	-465.71K	-528.57K	-481.98K	-464.03K
Investing Cash Flow	-202.88K	-282.67K	-888.91K	-1.83M	-668.50K	-676.05K
Financing Cash Flow	426.50K	-3.25K	591.97K	2.62M	1.90M	1.45M

CANEX Metals Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.06
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 0.06 is below the 20-day moving average (MA) of 0.07, above the 50-day MA of 0.05, and above the 200-day MA of 0.05, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 54.16 is Neutral, neither overbought nor oversold. The STOCH value of <0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:CANX.

CANEX Metals Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
VHI	73 Outperform	C$587.97M	203.55	2.15%	―	35.97%	-59.04%
SKE	52 Neutral	C$2.49B	―	-137.38%	―	―	-19.29%
BRC	47 Neutral	C$156.25M	―	-164.77%	―	―	-100.71%
KDK	44 Neutral	C$59.16M	―	-7.57%	―	―	-22.63%
Sector *	44 Neutral	C$976.20M	-6.71	-13.35%	2.69%	17.20%	-32.62%
CANX	39 Underperform	$7.99M	―	-6.14%	―	―	20.83%
NRM	37 Underperform	C$8.50M	―	-50.39%	―	―	72.76%

CANEX Metals Corporate Events

CANEX Metals Receives Unsolicited Acquisition Proposal from Mayfair

CANEX Metals Inc. has received notice of an unsolicited acquisition proposal from Mayfair Acquisition Corp., which aims to acquire all shares of CANEX and Gold Basin Resources in an all-share transaction. The proposal seeks to consolidate the Arizona gold assets of both companies under the Discovery Group. While no formal offer has been received, CANEX’s board is committed to reviewing any proposal thoroughly and will issue a public statement upon receiving a formal offer. This potential acquisition could impact CANEX’s operations and market positioning, though the company has not yet commented on the offer’s implications.