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Almadex Minerals
(DEX)
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Rating:48Neutral
Price Target:
C$0.39
▼(-1.03% Downside)
Action:Reiterated
Date:05/28/26
The score is held back primarily by weak operating fundamentals and negative operating/free cash flow despite a strong, debt-free balance sheet. Technicals are also soft with the stock trading below key moving averages and negative MACD. Valuation is a partial offset with a relatively low P/E, but there is no dividend support.
Positive Factors
Debt-free balance sheet
Zero reported debt across all periods gives Almadex durable financial flexibility to fund exploration cycles and absorb drilling timing variability. A debt-free structure reduces refinancing risk, supports negotiated JV terms, and preserves optionality to advance or farm-out projects over multiple market cycles.
Negative Factors
Negative operating and free cash flow
Persistent negative operating and free cash flows indicate ongoing cash burn that erodes liquidity over time. Even with no debt, repeated negative cash generation increases reliance on external equity or asset sales to fund exploration, heightening dilution risk and constraining multi-year project advancement.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Zero reported debt across all periods gives Almadex durable financial flexibility to fund exploration cycles and absorb drilling timing variability. A debt-free structure reduces refinancing risk, supports negotiated JV terms, and preserves optionality to advance or farm-out projects over multiple market cycles.
Read all positive factors
Almadex Minerals (DEX) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$30.04M
Dividend YieldN/A
Average Volume (3M)47.77K
Price to Earnings (P/E)28.4
Beta (1Y)1.77
Revenue GrowthN/A
EPS Growth-53.91%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)0.02
Shares Outstanding61,310,898
10 Day Avg. Volume26,810
30 Day Avg. Volume47,769
Financial Highlights & Ratios
PEG Ratio-0.72
Price to Book (P/B)1.21
Price to Sales (P/S)47.99
P/FCF Ratio-16.20
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
Almadex Minerals Business Overview & Revenue Model
Company Description
Almadex Minerals Ltd. specializes in identifying, acquiring, and exploring sites that contain valuable mineral resources. The company's primary focus lies in the discovery of deposits rich in gold, silver, copper, and molybdenum. Almadex holds sta...
How the Company Makes Money
Almadex Minerals primarily seeks to make money through the exploration-to-partnership pipeline rather than through the sale of mined commodities. Its main potential revenue sources are: (1) option and joint-venture agreements on its mineral proper...
Almadex Minerals Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
78
Positive
Cash Flow
27
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 725.28K | 44.95K | 647.51K | 6.92M | 3.79M |
| Gross Profit | -552.15K | -163.50K | 297.69K | 6.66M | 2.72M |
| EBITDA | -2.31M | 1.99M | -2.96M | 2.58M | -424.00K |
| Net Income | 806.21K | 2.00M | -2.94M | 3.22M | 12.04M |
Balance Sheet | |||||
| Total Assets | 29.13M | 28.20M | 26.39M | 28.44M | 25.92M |
| Cash, Cash Equivalents and Short-Term Investments | 20.07M | 13.94M | 17.32M | 19.48M | 19.05M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 444.41K | 395.42K | 590.34K | 443.57K | 1.19M |
| Stockholders Equity | 28.69M | 27.80M | 25.80M | 28.00M | 24.73M |
Cash Flow | |||||
| Free Cash Flow | -2.15M | -469.00K | -2.13M | 1.18M | -754.11K |
| Operating Cash Flow | -2.11M | -360.00K | -873.50K | 3.36M | 222.52K |
| Investing Cash Flow | -3.21M | -2.97M | -1.26M | -2.17M | 11.79M |
| Financing Cash Flow | -40.79K | 0.00 | -41.75K | -10.13K | 0.00 |
Almadex Minerals Technical Analysis
Positive
0.39
Price Trends
0.42
Positive
0.45
Positive
0.50
Negative
Market Momentum
0.01
Negative
67.71
Neutral
86.15
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:DEX, the sentiment is Positive. The current price of 0.39 is below the 20-day moving average (MA) of 0.40, below the 50-day MA of 0.42, and below the 200-day MA of 0.50, indicating a neutral trend. The MACD of 0.01 indicates Negative momentum. The RSI at 67.71 is Neutral, neither overbought nor oversold. The STOCH value of 86.15 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:DEX.
Almadex Minerals 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% | |
50 Neutral | C$40.91M | -16.13 | -11.28% | ― | ― | -53.09% | |
48 Neutral | C$30.04M | 28.36 | 3.71% | ― | ― | -53.91% | |
48 Neutral | C$37.06M | -1.83 | -46.34% | ― | ― | -926.97% | |
44 Neutral | C$23.06M | -4.79 | -17.72% | ― | ― | 17.98% | |
43 Neutral | C$31.69M | -4.65 | -138.77% | ― | ― | 46.91% | |
43 Neutral | C$18.84M | -1.42 | -209.70% | ― | ― | -78.95% |
* Basic Materials Sector Average
TSE:DEX
Almadex Minerals
0.49
0.09
24.36%
TSE:JG
Japan Gold
0.07
-0.02
-22.22%
TSE:BAU
Blue Star Gold Corp
0.18
0.03
20.00%
TSE:USGD
American Pacific Mining
0.14
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-40.00%
TSE:VLC
Velocity Minerals
0.21
0.03
17.14%
TSE:KALO
Kalo Gold Holdings
0.15
-0.13
-46.43%
Almadex Minerals Corporate Events
Business Operations and StrategyM&A Transactions
Almadex Minerals Monetizes Royalty Portfolio in US$2.5 Million Deal with Empress Royalty
Positive
Aug 5, 2026
Almadex Minerals has completed the sale of a portfolio of net smelter return royalty interests on mineral properties in Canada, the United States and Mexico to Empress Royalty Corp. for total consideration of US$2.5 million. The package includes 1...
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.