Carmanah Minerals Corp. (TSE:CARM)
:CARM
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Carmanah Minerals Corp.
(CARM)
Select Model
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Rating:42Neutral
Price Target:
C$0.02
▼(-52.50% Downside)
Action:ReiteratedDate:03/10/26
The score is primarily constrained by weak financial performance: no revenue, recurring losses, ongoing cash burn, and negative equity/declining assets, despite the benefit of zero debt. Technical signals are also soft with price below key moving averages and negative MACD. Valuation provides limited support due to negative earnings and no dividend yield.
Positive Factors
Zero debt / low financial leverage
Reported zero debt reduces fixed financing obligations and lowers insolvency risk, giving management more optionality to time capital raises or farm-out assets. For an exploration company this durable lower leverage preserves flexibility across commodity cycles.
Negative Factors
No revenue / unproven commercial operations
Absence of revenue means no internal cash generation from operations and no margin data to assess unit economics. Reliance on capital markets is structural for explorers, making long-term sustainability contingent on successful financing or a resource discovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Zero debt / low financial leverage
Reported zero debt reduces fixed financing obligations and lowers insolvency risk, giving management more optionality to time capital raises or farm-out assets. For an exploration company this durable lower leverage preserves flexibility across commodity cycles.
Read all positive factors
Carmanah Minerals Corp. (CARM) vs. iShares MSCI Canada ETF (EWC)
Market Cap
N/A
Dividend YieldN/A
Average Volume (3M)39.14K
Price to Earnings (P/E)―
Beta (1Y)0.73
Revenue GrowthN/A
EPS GrowthN/A
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)N/A
Shares Outstanding62,650,100
10 Day Avg. Volume60,700
30 Day Avg. Volume39,142
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)-8.85
Price to Sales (P/S)0.00
P/FCF Ratio-5.82
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
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 hecta...
How the Company Makes Money
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Carmanah Minerals Corp. Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
22
Negative
Cash Flow
18
Very Negative
| Breakdown | May 2025 | May 2024 | May 2023 | May 2022 | May 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 | -119.33K | -216.39K | -492.17K | -116.00K | 0.00 |
| Net Income | -511.56K | -976.04K | -608.26K | -116.00K | -34.39K |
Balance Sheet | |||||
| Total Assets | 73.71K | 466.64K | 661.01K | 68.81K | 129.44K |
| Cash, Cash Equivalents and Short-Term Investments | 6.60K | 65.67K | 288.57K | 17.43K | 71.77K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 189.38K | 130.74K | 44.74K | 104.47K | 59.49K |
| Stockholders Equity | -115.66K | 335.90K | 616.27K | -35.66K | 69.94K |
Cash Flow | |||||
| Free Cash Flow | -175.74K | -234.57K | -668.04K | -54.35K | -10.00 |
| Operating Cash Flow | -89.74K | -99.57K | -535.54K | -14.35K | -10.00 |
| Investing Cash Flow | -56.00K | -165.00K | -132.50K | -40.00K | 0.00 |
| Financing Cash Flow | 86.67K | 41.67K | 939.19K | 0.00 | 133.00 |
Carmanah Minerals Corp. Technical Analysis
Negative
0.04
Price Trends
0.02
Negative
0.02
Negative
0.02
Negative
Market Momentum
>-0.01
Negative
43.50
Neutral
-66.67
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CARM, the sentiment is Negative. The current price of 0.04 is above the 20-day moving average (MA) of 0.02, 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 Negative momentum. The RSI at 43.50 is Neutral, neither overbought nor oversold. The STOCH value of -66.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:CARM.
Carmanah Minerals Corp. Peers Comparison
UnderperformOutperform
Sector (61)
TSE:CARM
Carmanah Minerals Corp.
0.03
<0.01
25.00%
TSE:CPL
Copper Lake Resources
0.02
0.01
100.00%
TSE:DCOP
District Copper Corp
0.08
<0.01
14.29%
TSE:RRM.H
Ross River Minerals
0.07
0.04
160.00%
TSE:Z.H
Zinc One Resources
0.16
0.05
41.74%
TSE:CMT
Cullinan Metals Corp
0.22
0.02
10.55%
Carmanah Minerals Corp. Corporate Events
Business Operations and StrategyExecutive/Board Changes
Carmanah Minerals Names Karim Rayani CEO to Drive Heritage Gold-Silver Project
Positive
Mar 19, 2026
Carmanah Minerals Corp. has appointed global entrepreneur and capital markets executive Karim Rayani as Executive Chairman, CEO and Director, following the resignation of Fraser Rieche. Rayani, a significant shareholder, will lead strategy, corpor...
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.