Cantex Mine Development (CD) AI Stock Analysis

• Market Cap: C$27.79M
• Dividend Yield: N/A
• Average Volume (3M): 105.17K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.10
• Revenue Growth: N/A
• EPS Growth: 47.61%
• Country: CA
• Employees: 235
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): N/A
• Shares Outstanding: 158,826,080
• 10 Day Avg. Volume: 115,002
• 30 Day Avg. Volume: 105,171
• PEG Ratio: 0.15
• Price to Book (P/B): -125.78
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -6.36
• 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: 44 Neutral
• Price Target: C$0.17 ▲(3.13% Upside)

The score is primarily constrained by weak financial performance (no revenue, ongoing losses, and continued cash burn with equity volatility). Technicals are more neutral than bearish, providing limited support, while valuation is not attractive on fundamentals given the negative P/E and lack of dividend.

Positive Factors

Low current leverage

Minimal reported debt today lowers immediate solvency and interest-service risk, giving the company more flexibility to fund exploration or withstand delays before new financing. A light debt load reduces refinancing pressure and supports operational continuity over the next several months.

Improving loss trajectory

A meaningful narrowing of net losses indicates management has reduced cash intensity or rebalanced activity mix. Sustained reduction in annual losses, if maintained, lengthens runway, lowers immediate dilution needs, and improves prospects for disciplined capital allocation during further exploration phases.

Focused exploration business model

A clear, asset-centric model centered on base-metal exploration creates a repeatable value-creation pathway: define resources, de-risk with drilling and studies, then monetize via development or sale. That structured pipeline aligns incentives and can compound value if technical results progress.

Negative Factors

Pre-revenue profile

Operating without revenue means all valuation and continuity depend on successful exploration outcomes or external funding. Lack of an operating income base prevents internal funding of programs, elevates reliance on capital markets, and increases long-term execution risk if markets tighten.

Persistent cash burn

Consistent negative operating and free cash flow translates accounting losses into real cash outflows, forcing recurring financing. Ongoing burn limits strategic optionality, risks repeated dilution, and constrains the ability to scale exploration or respond to opportunities without raising capital.

Equity instability and historical leverage spikes

Episodes of negative equity and past high leverage signal funding volatility and a history of recapitalizations or valuation swings. Such capital-structure instability raises governance and refinancing risk, making future financing more dilutive or costly and weakening long-term shareholder confidence.

Cantex Mine Development Business Overview & Revenue Model

Company Description

Cantex Mine Development Corp. engages in the acquisition, exploration, and development of mineral properties in Canada, Yemen, and the United States. The company explores for gold, nickel, copper, lead, zinc, manganese, cobalt, platinum, palladium, and rhodium deposits. Its primary project located in the Yukon with 1,075 claim blocks covering approximately 21,500 hectares. In addition, the company holds interest in 4 mineral properties in Nevada. Cantex Mine Development Corp. is headquartered in Kelowna, Canada.

How the Company Makes Money

Cantex Mine Development makes money through the exploration and development of mineral properties, which involves discovering and evaluating mineral resources that can be economically extracted. The company generates revenue primarily by advancing its mining projects to a stage where they become attractive for acquisition or joint ventures by larger mining companies. Additionally, Cantex may earn income through the sale of mineral rights or by entering into royalty agreements, where the company receives a percentage of the revenue from the minerals extracted by other parties. Strategic partnerships and joint ventures with other mining companies or investors also contribute to its revenue streams by providing funding and shared expertise to advance its mining projects.

Cantex Mine Development Financial Statement Overview

Summary

Development-stage profile with no revenue and persistently negative profitability and cash flow. Losses and cash burn have improved versus prior years, and current debt is low, but ongoing operating losses, negative free cash flow, and equity volatility (including negative equity in FY2025) keep financial risk elevated.

Income Statement

Across annual periods and TTM (Trailing-Twelve-Months), the company reports no revenue and consistently negative gross profit, EBIT/EBITDA, and net income—indicating a pre-revenue profile with ongoing operating losses. Losses have narrowed from FY2021–FY2022 levels (net loss improved from about -$7.2M/-$8.0M to -$3.2M in FY2025), which is a positive trajectory, but profitability remains deeply negative with no evident revenue base to absorb fixed costs.

Balance Sheet

Leverage is low in the most recent period (TTM debt of ~$61.8K against equity of ~$1.73M), suggesting limited balance-sheet debt risk today. However, equity has been volatile and at times weak/negative (FY2025 shows negative equity), and historical leverage spiked meaningfully in FY2023 (debt-to-equity >3x), highlighting recapitalization/dilution or valuation swings as a key risk. Overall, the balance sheet is currently not debt-heavy, but equity stability is a concern.

Cash Flow

Cash burn remains significant: operating cash flow and free cash flow are negative in every period shown, including TTM (Trailing-Twelve-Months) operating cash flow of about -$3.46M. While the magnitude of burn has improved versus earlier years (e.g., FY2021–FY2022 were roughly -$7.6M to -$8.3M), the company is still funding ongoing outflows with no operating cash generation. Free cash flow tracks net loss closely, implying losses are translating into real cash usage rather than being primarily non-cash.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00
Gross Profit	-244.56K	0.00	-245.00K	-247.00K	-247.00K
EBITDA	-2.92M	-5.63M	-5.21M	-8.13M	-6.95M
Net Income	-3.22M	-5.20M	-5.28M	-7.97M	-7.22M
Balance Sheet
Total Assets	954.09K	4.49M	1.47M	4.68M	3.25M
Cash, Cash Equivalents and Short-Term Investments	212.08K	3.44M	787.32K	3.54M	2.12M
Total Debt	155.65K	289.50K	154.48K	329.69K	168.41K
Total Liabilities	1.14M	2.01M	1.42M	1.99M	1.51M
Stockholders Equity	-185.28K	2.48M	49.90K	2.69M	1.74M
Cash Flow
Free Cash Flow	-3.67M	-5.28M	-5.38M	-7.57M	-8.32M
Operating Cash Flow	-3.67M	-5.28M	-5.38M	-7.57M	-8.26M
Investing Cash Flow	0.00	8.04K	0.00	-2.57K	-270.42K
Financing Cash Flow	440.44K	7.92M	2.63M	8.99M	4.84M

Cantex Mine Development Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.16
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CD, the sentiment is Positive. The current price of 0.16 is below the 20-day moving average (MA) of 0.17, below the 50-day MA of 0.16, and below the 200-day MA of 0.17, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 51.95 is Neutral, neither overbought nor oversold. The STOCH value of 61.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:CD.

Cantex Mine Development 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%
VUL	51 Neutral	C$32.97M	117.50	0.62%	―	―	―
NTH	48 Neutral	C$23.15M	-3.39	―	―	―	―
EVNI	47 Neutral	C$24.47M	-10.04	-58.79%	―	―	21.31%
KC	46 Neutral	C$59.61M	-38.14	-4.17%	―	―	56.31%
TN	46 Neutral	C$53.05M	-59.68	-7.40%	―	―	74.27%
CD	44 Neutral	C$27.79M	-7.11	-280.95%	―	―	47.61%