CANEX Metals Inc (TSE:CANX)
:CANX
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CANEX Metals
(CANX)
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Rating:49Neutral
Price Target:
C$0.23
▲(13.50% Upside)
Action:ReiteratedDate:02/27/26
The score is held back primarily by weak financial performance (no revenue, ongoing losses, and continued cash burn). Technicals provide some support from the price being above longer-term moving averages, but near-term momentum is only neutral-to-soft. Valuation contributes little support due to a loss-driven negative P/E and no dividend yield data.
Positive Factors
Balance sheet strength
A no‑debt, expanding equity base meaningfully reduces solvency risk and gives the company structural flexibility to fund near‑term exploration capex without interest burdens. This durable liquidity cushion supports continued project advancement over the coming months.
Negative Factors
No revenue
Absence of operating revenue means the business cannot self-fund and must rely on external capital to progress projects. Persistent negative EBIT/EBITDA undermines operating sustainability and creates structural dependency on fundraising unless exploration results produce monetizable resources.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
A no‑debt, expanding equity base meaningfully reduces solvency risk and gives the company structural flexibility to fund near‑term exploration capex without interest burdens. This durable liquidity cushion supports continued project advancement over the coming months.
Read all positive factors
CANEX Metals (CANX) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$52.16M
Dividend YieldN/A
Average Volume (3M)249.63K
Price to Earnings (P/E)―
Beta (1Y)1.74
Revenue GrowthN/A
EPS Growth-52.00%
CountryCA
Employees389
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding208,627,870
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. engages in the acquisition, exploration, and development of mineral properties. The company explores for gold and silver deposits. It holds interests in the Gold Range property that consists of 202 lode mining claims and 2 patent...
How the Company Makes Money
null...
CANEX Metals Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
22
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 | -3.81K | -4.73K | -2.13K | -3.38K | -30.00 | -18.00 |
| EBITDA | -546.63K | -492.08K | -247.00K | -463.60K | -781.33K | -805.00K |
| Net Income | -543.98K | -496.82K | -279.00K | -535.40K | -781.36K | -806.00K |
Balance Sheet | ||||||
| Total Assets | 10.36M | 7.60M | 5.97M | 5.92M | 5.77M | 3.88M |
| Cash, Cash Equivalents and Short-Term Investments | 3.16M | 663.91K | 189.13K | 785.75K | 1.77M | 1.82M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 308.44K | 319.77K | 96.15K | 98.25K | 145.09K | 233.70K |
| Stockholders Equity | 10.05M | 7.28M | 5.87M | 5.83M | 5.62M | 3.65M |
Cash Flow | ||||||
| Free Cash Flow | -707.90K | -252.24K | -596.13K | -1.52M | -2.59M | -1.28M |
| Operating Cash Flow | -378.34K | -252.24K | -251.90K | -465.71K | -528.57K | -481.98K |
| Investing Cash Flow | -1.18M | -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
0.26
Negative
0.22
Positive
0.16
Positive
Market Momentum
>-0.01
Negative
56.42
Neutral
62.96
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 0.23, below the 50-day MA of 0.26, and above the 200-day MA of 0.16, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 56.42 is Neutral, neither overbought nor oversold. The STOCH value of 62.96 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% | |
52 Neutral | C$28.11M | 5.25 | 2.73% | ― | ― | ― | |
50 Neutral | C$38.28M | -5.31 | -74.08% | ― | ― | 42.48% | |
49 Neutral | C$52.16M | -34.62 | -7.05% | ― | ― | -52.00% | |
48 Neutral | C$46.32M | -2.59 | 1.70% | ― | ― | ― | |
45 Neutral | C$33.56M | -7.62 | -22.31% | ― | ― | -70.25% | |
45 Neutral | C$34.62M | -0.03 | ― | ― | ― | ― |
* Basic Materials Sector Average
TSE:CANX
CANEX Metals
0.25
0.21
455.56%
TSE:BTR
BonTerra Resources
0.18
-0.05
-23.40%
TSE:JG
Japan Gold
0.11
>-0.01
-8.33%
TSE:USGD
American Pacific Mining
0.18
0.02
12.18%
TSE:FUTR
Gold'n Futures Mineral
0.30
-0.70
-70.00%
TSE:RDG
Ridgeline Minerals
0.20
>-0.01
-4.88%
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...
Business Operations and StrategyExecutive/Board ChangesLegal ProceedingsShareholder Meetings
CANEX Moves to Assert Control at Gold Basin With Court-Ordered AGM
Negative
Feb 23, 2026
CANEX Metals has called an annual general meeting of Gold Basin Resources Corporation shareholders for March 16, 2026, in Vancouver, under an order from the Supreme Court of British Columbia. The agenda includes receiving 2024 financial statements...
Business Operations and StrategyLegal ProceedingsM&A TransactionsShareholder Meetings
Court Orders Early Gold Basin Shareholder Meeting, Tightens Limits on Board Actions
Negative
Feb 12, 2026
CANEX Metals said the Supreme Court of British Columbia has ordered an annual general meeting of Gold Basin Resources shareholders for March 16, 2026, and authorized CANEX to send notice and conduct the meeting as if it were called by Gold Basin&#...
Business Operations and StrategyDelistings and Listing ChangesM&A TransactionsShareholder Meetings
CANEX Metals Secures Majority Stake in Gold Basin and Moves to Privatization
Positive
Feb 11, 2026
CANEX Metals has successfully concluded its offer for Gold Basin Resources, taking up a total of 73,026,822 Gold Basin shares, equal to 54.04% of the company’s outstanding stock, following the expiry of a mandatory 10-day extension. Gold Bas...
Business Operations and StrategyExecutive/Board ChangesLegal ProceedingsM&A TransactionsShareholder Meetings
CANEX Metals Seizes Control of Gold Basin and Moves to Reshape Governance
Positive
Feb 6, 2026
CANEX Metals has secured a controlling 51.93% stake in Gold Basin Resources through its takeover offer, making it the largest shareholder and positioning the company to drive the future of the Gold Basin gold district. Backed by a court order rein...
Business Operations and StrategyM&A TransactionsRegulatory Filings and Compliance
CANEX Metals Secures Majority Control of Gold Basin and Extends Takeover Offer
Positive
Jan 30, 2026
CANEX Metals has secured control of Gold Basin Resources after more than 51% of Gold Basin’s outstanding shares were tendered to its takeover offer, enabling CANEX to proceed with share take-up, gain board control, and address Gold BasinR...
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
CANEX Metals Challenges Gold Basin’s Secured Loan Deal, Urges Shareholders to Back Takeover Bid
Negative
Jan 20, 2026
CANEX Metals has reaffirmed its commitment to its outstanding offer to acquire all shares of Gold Basin Resources despite Gold Basin’s move to secure part of its sole material asset, the Gold Basin Project in Arizona, against an existing loa...
M&A TransactionsRegulatory Filings and Compliance
CANEX Metals Nears Majority Support in Gold Basin Bid, Extends Offer Deadline
Positive
Jan 19, 2026
CANEX Metals has reported that 49.02% of Gold Basin Resources’ outstanding shares have been tendered to its all-share takeover offer, with additional tenders in progress that could soon satisfy the minimum 50% plus one share condition. The o...
Business Operations and StrategyM&A Transactions
CANEX Metals Gains Strong Backing in Gold Basin Bid, Extends Offer and Lowers Tender Threshold
Positive
Jan 9, 2026
CANEX Metals has reported that 47% of Gold Basin Resources’ shares have already been tendered to its all-share takeover offer, prompting the company to extend the offer deadline to January 19, 2026, to give additional time for shareholders t...
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.