Cantex Mine Development Corp (TSE:CD)
:CD
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Cantex Mine Development
(CD)
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Rating:47Neutral
Price Target:
C$0.31
▲(90.62% Upside)
Action:Reiterated
Date:03/30/26
The score is held down primarily by weak financial performance (no revenue, ongoing losses, and sustained cash burn), which raises continued funding and dilution risk. Technicals are a partial offset, showing a constructive uptrend and moderate momentum. Valuation remains challenged because losses drive a negative P/E and there is no dividend support.
Positive Factors
Low leverage / positive latest equity
Very low TTM debt-to-equity (~0.04) and recent positive equity provide durable financial flexibility for a pre-revenue explorer. Lower leverage reduces bankruptcy and refinancing risk, allowing management to fund exploration activity and negotiate capital on less stressed terms over the coming months.
Negative Factors
Pre-revenue / no operating income
Absence of revenue is a structural weakness: the business depends entirely on exploration outcomes and capital markets rather than product cash flows. This long-term dependence increases binary discovery risk, delays path to profitability, and sustains uncertainty about eventual economic returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / positive latest equity
Very low TTM debt-to-equity (~0.04) and recent positive equity provide durable financial flexibility for a pre-revenue explorer. Lower leverage reduces bankruptcy and refinancing risk, allowing management to fund exploration activity and negotiate capital on less stressed terms over the coming months.
Read all positive factors
Cantex Mine Development (CD) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$47.71M
Dividend YieldN/A
Average Volume (3M)105.17K
Price to Earnings (P/E)―
Beta (1Y)0.54
Revenue GrowthN/A
EPS Growth50.78%
CountryCA
Employees235
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.01
Shares Outstanding159,026,080
10 Day Avg. Volume115,002
30 Day Avg. Volume105,171
Financial Highlights & Ratios
PEG Ratio0.15
Price to Book (P/B)-125.78
Price to Sales (P/S)0.00
P/FCF Ratio-6.36
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
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...
How the Company Makes Money
null...
Cantex Mine Development Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
34
Negative
Cash Flow
14
Very Negative
| Breakdown | TTM | Oct 2025 | Oct 2024 | Oct 2023 | Oct 2022 | Oct 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -210.59K | -244.56K | 0.00 | -245.00K | -247.00K | -247.00K |
| EBITDA | -3.37M | -2.92M | -5.63M | -5.21M | -8.13M | -6.95M |
| Net Income | -3.30M | -3.22M | -5.20M | -5.28M | -7.97M | -7.22M |
Balance Sheet | ||||||
| Total Assets | 2.76M | 954.09K | 4.49M | 1.47M | 4.68M | 3.25M |
| Cash, Cash Equivalents and Short-Term Investments | 2.16M | 212.08K | 3.44M | 787.32K | 3.54M | 2.12M |
| Total Debt | 94.03K | 155.65K | 289.50K | 154.48K | 329.69K | 168.41K |
| Total Liabilities | 1.29M | 1.14M | 2.01M | 1.42M | 1.99M | 1.51M |
| Stockholders Equity | 1.47M | -185.28K | 2.48M | 49.90K | 2.69M | 1.74M |
Cash Flow | ||||||
| Free Cash Flow | -3.73M | -3.67M | -5.28M | -5.38M | -7.57M | -8.32M |
| Operating Cash Flow | -3.72M | -3.67M | -5.28M | -5.38M | -7.57M | -8.26M |
| Investing Cash Flow | -6.13K | 0.00 | 8.04K | 0.00 | -2.57K | -270.42K |
| Financing Cash Flow | 4.99M | 440.44K | 7.92M | 2.63M | 8.99M | 4.84M |
Cantex Mine Development Technical Analysis
Positive
0.16
Price Trends
0.30
Positive
0.25
Positive
0.21
Positive
Market Momentum
<0.01
Positive
49.11
Neutral
51.85
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 0.31, below the 50-day MA of 0.30, and below the 200-day MA of 0.21, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 49.11 is Neutral, neither overbought nor oversold. The STOCH value of 51.85 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
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% | |
54 Neutral | C$66.44M | -24.31 | -6.79% | ― | ― | 24.75% | |
52 Neutral | C$45.47M | -17.59 | 0.62% | ― | ― | -78.63% | |
47 Neutral | C$47.71M | -14.44 | -423.11% | ― | ― | 50.78% | |
45 Neutral | C$23.86M | -3.94 | ― | ― | ― | 11.25% | |
44 Neutral | C$28.82M | -39.37 | -7.40% | ― | ― | 74.78% | |
43 Neutral | C$21.31M | -8.75 | -83.99% | ― | ― | 52.15% |
* Basic Materials Sector Average
TSE:CD
Cantex Mine Development
0.30
0.12
66.67%
TSE:KC
Kutcho Copper Corp
0.36
0.22
157.14%
TSE:TN
Tartisan Nickel Corp
0.22
0.10
83.33%
TSE:VUL
Vulcan Minerals
0.35
0.26
288.89%
TSE:NTH
Nord Precious Metals Mining
0.18
0.03
20.69%
TSE:EVNI
EV Nickel, Inc.
0.17
-0.05
-25.00%
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.