Carmanah Minerals Corp. (CARM) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: N/A
• Average Volume (3M): 39.14K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.65
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): N/A
• Shares Outstanding: 62,650,100
• 10 Day Avg. Volume: 60,700
• 30 Day Avg. Volume: 39,142
• PEG Ratio: 0.04
• Price to Book (P/B): -8.85
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -5.82
• 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: 48 Neutral
• Price Target: C$0.03 ▼(-25.00% Downside)

The score is held down primarily by weak financial performance (no revenue, ongoing losses, negative cash flow, and negative equity in 2025). Technicals are supportive due to a strong trend above moving averages, but extremely elevated RSI suggests near-term overheating risk. Valuation impact is neutral because P/E and dividend yield were not provided.

Positive Factors

No leverage (Zero Debt)

Zero reported debt materially lowers fixed financing obligations and downside risk for an exploration-stage company. This structural financial flexibility helps preserve strategic optionality, easing the ability to prioritize exploration spending or raise equity without interest burdens.

Focused exploration business model

A clear, single-focus exploration model provides explicit optionality: successful drilling or resource definition can create step-change asset value. Over the medium term, disciplined exploration and project advancement create tangible milestones that drive financing and potential JV or sale outcomes.

Improving cash burn trend

An improvement in cash burn versus 2023 signals tightening cost control or more efficient program execution. Sustained reductions in cash outflows extend runway, lower near-term dilution pressure, and increase the probability of reaching value-accretive exploration milestones with existing capital.

Negative Factors

No revenue base

Absence of any revenue indicates the company is not operating commercially and lacks margin-generating activities. Long-term viability depends on successful exploration or continued external funding, creating enduring execution and financing risk until a revenue-generating outcome is achieved.

Negative equity and shrinking assets

Negative shareholder equity and a sharp asset decline are structural solvency concerns. They reduce the balance sheet cushion against continued losses, constrain borrowing capacity, and weaken bargaining power with partners, increasing the firm's reliance on dilutive funding or asset sales to remain solvent.

Consistent negative cash generation

Persistent negative OCF and FCF create an ongoing funding requirement. Over the medium term this elevates dilution and execution risk, as project advancement and exploration depend on capital raises; any market funding strain could delay programs or force unfavorable financing terms.

Carmanah Minerals Corp. Business Overview & Revenue Model

Company Description

Carmanah Minerals Corp. engages in the exploration, evaluation, and development of mineral properties in British Columbia. The company has an option agreement to acquire a 100% interest in the Loljuh project located that consists of 1,656.73 hectares located in Northern British Columbia. Carmanah Minerals Corp. was incorporated in 2020 and is based in Vancouver, Canada.

How the Company Makes Money

Carmanah Minerals Corp. generates revenue through the exploration and development of mineral properties. The company seeks to discover economically viable mineral deposits that can be extracted and sold for profit. Revenue is primarily derived from the sale of these minerals once they reach production stages. Additionally, the company may engage in strategic partnerships or joint ventures with other mining companies to share resources, expertise, and risks associated with mineral exploration and development, further contributing to its earnings. However, as a company primarily involved in exploration, Carmanah Minerals may not generate consistent revenue until its projects reach the production phase.

Carmanah Minerals Corp. Financial Statement Overview

Summary

Carmanah Minerals Corp. is facing severe financial difficulties, including consistent net losses, negative equity, and negative free cash flow. The absence of revenue generation and increasing financial strain are critical concerns for the company's financial health. Despite having no debt, the financial instability is a significant issue for stakeholders.

Income Statement

Carmanah Minerals Corp. has consistently reported zero revenue over the examined periods, indicating a lack of operational income. The net losses have widened over time, signaling growing financial strain. With EBIT and EBITDA also negative, the company is not currently profitable nor generating operating income.

Balance Sheet

The balance sheet reveals a concerning situation where stockholders' equity has turned negative in the latest period, indicating liabilities exceed assets. While the company has no debt, which is a positive, the negative equity suggests financial instability. The equity ratio has deteriorated from previous years, reflecting a decrease in asset coverage.

Cash Flow

Cash flow analysis shows negative free cash flow, highlighting cash outflows exceeding cash generated from operations. Despite negative operating cash flow, there is no debt burden. However, the inability to generate positive cash flows poses a long-term sustainability risk.

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	0.00	0.00	0.00	0.00
EBITDA	-133.77K	-119.33K	-216.39K	-492.17K	-116.00K	0.00
Net Income	-511.56K	-511.56K	-976.04K	-608.26K	-116.00K	-34.39K
Balance Sheet
Total Assets	73.71K	73.71K	466.64K	661.01K	68.81K	129.44K
Cash, Cash Equivalents and Short-Term Investments	6.60K	6.60K	65.67K	288.57K	17.43K	71.77K
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	189.38K	189.38K	130.74K	44.74K	104.47K	59.49K
Stockholders Equity	-115.66K	-115.66K	335.90K	616.27K	-35.66K	69.94K
Cash Flow
Free Cash Flow	-175.74K	-175.74K	-234.57K	-668.04K	-54.35K	―
Operating Cash Flow	-89.74K	-89.74K	-99.57K	-535.54K	-14.35K	―
Investing Cash Flow	-56.00K	-56.00K	-165.00K	-132.50K	-40.00K	0.00
Financing Cash Flow	86.67K	86.67K	41.67K	939.19K	0.00	―

Carmanah Minerals Corp. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.04
• 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:CARM, the sentiment is Positive. The current price of 0.04 is above the 20-day moving average (MA) of 0.03, above the 50-day MA of 0.02, and above the 200-day MA of 0.02, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 51.09 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:CARM.

Carmanah Minerals Corp. 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%
BOLT	49 Neutral	C$4.74M	-0.27	-185.17%	―	―	36.64%
CARM	48 Neutral	―	―	―	―	―	―
MEGA	35 Underperform	C$931.26K	-0.21	-234.41%	―	―	10.75%