Condor Resources (CN) AI Stock Analysis

• Market Cap: C$30.07M
• Dividend Yield: N/A
• Average Volume (3M): 38.61K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.43
• Revenue Growth: N/A
• EPS Growth: -581.25%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Other Precious Metals
• EPS (TTM): >-0.01
• Shares Outstanding: 150,338,130
• 10 Day Avg. Volume: 25,737
• 30 Day Avg. Volume: 38,613
• PEG Ratio: 0.00
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: 50 Neutral
• Price Target: C$0.20 ▲(8.33% Upside)

The score is held back primarily by weak financial performance (no revenue, ongoing losses, and persistent cash burn), partly offset by a low-debt balance sheet. Technicals provide moderate support with the price above key moving averages, while valuation is limited by a negative P/E and no dividend yield data.

Positive Factors

Strategic Project Advancements

The focus on fully permitted drilling projects in Peru positions Condor Resources for potential growth by capitalizing on promising mineralization, enhancing its long-term project pipeline.

Significant Discoveries

The significant discovery at Rio Bravo enhances the project's marketability and potential value, attracting interest from major mining companies, which could lead to strategic partnerships or sales.

Strong Balance Sheet

A strong balance sheet with no debt provides financial stability and flexibility, allowing Condor Resources to invest in exploration and development without immediate financial pressure.

Negative Factors

Absence of Revenue

The lack of revenue generation is a critical concern, limiting operational income and increasing reliance on external funding, which could hinder long-term sustainability and growth.

Negative Cash Flow

Persistent negative cash flows strain liquidity and challenge the company's ability to fund operations and exploration activities, potentially impacting its ability to capitalize on new opportunities.

Operational Inefficiency

Inefficient operations, as indicated by negative margins, suggest challenges in cost management and profitability, which could impede the company's ability to achieve financial stability and growth.

Condor Resources Business Overview & Revenue Model

Company Description

Condor Resources Inc., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Peru. The company explores for gold, silver, copper, lead, and zinc deposits, as well as other precious and base metals. Its portfolio includes various projects, such as the Pucamayo, Chavin, Quriurqu, San Martin, Humaya, Huinac Punta, Andrea, Quilisane, Cobreorco, and Cantagallo. The company was incorporated in 2003 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Condor Resources makes money by exploring and developing mineral properties with the potential to contain commercially viable quantities of precious and base metals. The company generates revenue through the sale of mineral rights or joint venture agreements with larger mining companies that have the capacity to fund the development of a mine. Revenue streams may also include the sale of extracted minerals, royalties from partnerships, and potentially, equity investments from strategic partners. Condor Resources' earnings are significantly influenced by the success of its exploration activities, commodity prices, and the terms of its partnerships.

Condor Resources Financial Statement Overview

Summary

Condor Resources faces significant financial challenges, primarily due to the absence of revenue and persistent net losses, leading to weak income statement performance. While its balance sheet reflects strong equity and no debt, the cash flow situation is concerning, with negative cash flow metrics reflecting liquidity constraints. Improvement in revenue generation and operational efficiency is crucial for long-term sustainability.

Income Statement

Condor Resources has consistently reported zero revenue across the periods, indicating a lack of operational income generation. The net loss in the TTM period and prior years highlights ongoing unprofitability, with negative EBIT and EBITDA margins indicating inefficient operations. The company's financial trajectory shows no signs of revenue growth, a critical concern for sustaining operations.

Balance Sheet

The company maintains a strong equity position, with a high equity ratio indicating financial stability. The absence of debt and a positive stockholders' equity are significant strengths. However, the minimal liabilities suggest limited leverage, which might restrict growth opportunities in capital-intensive mining operations.

Cash Flow

Negative operating and free cash flows indicate cash outflows exceeding inflows, a strain on liquidity. Although the company managed to secure financing in some periods, the consistent negative free cash flow growth rate underscores challenges in generating sufficient cash internally to support operations.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-9.97K	-111.09K	-39.90K	―	―	―
EBITDA	-331.32K	-848.80K	-113.82K	-228.00K	-215.35K	-3.59M
Net Income	-4.63M	-4.74M	1.22M	439.40K	119.53K	2.33M
Balance Sheet
Total Assets	6.49M	5.92M	10.50M	7.19M	6.33M	6.02M
Cash, Cash Equivalents and Short-Term Investments	306.50K	268.81K	2.28M	671.04K	359.81K	783.34K
Total Debt	0.00	0.00	0.00	40.00K	40.00K	40.00K
Total Liabilities	217.60K	219.02K	131.48K	141.75K	141.87K	147.72K
Stockholders Equity	6.27M	5.70M	10.37M	7.05M	6.19M	5.88M
Cash Flow
Free Cash Flow	-719.35K	-764.58K	-417.25K	-1.30M	-1.08M	-416.98K
Operating Cash Flow	-719.35K	-764.58K	-413.84K	-399.85K	-341.42K	-377.68K
Investing Cash Flow	-834.17K	-692.76K	-492.70K	668.02K	-115.11K	-292.32K
Financing Cash Flow	1.02M	0.00	2.06M	0.00	171.00K	1.16M

Condor Resources Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.18
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CN, the sentiment is Positive. The current price of 0.18 is below the 20-day moving average (MA) of 0.18, below the 50-day MA of 0.18, and above the 200-day MA of 0.14, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 58.28 is Neutral, neither overbought nor oversold. The STOCH value of 96.97 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:CN.

Condor Resources 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%
CAM	53 Neutral	C$44.54M	-5.73	-160.92%	―	―	―
TSLV	52 Neutral	C$42.69M	-12.41	-71.82%	―	―	44.12%
SBMI	52 Neutral	C$36.72M	-4.16	-9498.89%	―	―	-69.10%
CN	50 Neutral	C$30.07M	-6.27	-57.87%	―	―	-581.25%
MRZ	50 Neutral	C$49.58M	-4.43	-1572.16%	―	―	1.38%
ARU	46 Neutral	C$24.47M	-1.39	―	―	―	-6.12%

Condor Resources Corporate Events

Condor Resources Completes Sale of Soledad Project to Lincuna

Condor Resources Inc. has finalized the sale of its Soledad project in Ancash, Peru, to Compañía Minera Lincuna S.A. for a total consideration of $3 million, with payments structured over three years. This transaction strengthens Condor’s balance sheet and allows the company to focus on other high-potential exploration opportunities in Peru, such as the Huiñac Punta project, which is seen as a promising silver-rich carbonate replacement system.