Delta Resources (TSE:DLTA)
:DLTA
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Delta Resources
(DLTA)
Select Model
Select Model
Rating:46Neutral
Price Target:
C$0.20
▲(8.89% Upside)
Action:ReiteratedDate:03/22/26
The score is held down primarily by weak financial performance (no revenue, ongoing losses, sustained cash burn, and negative equity), indicating high reliance on external funding. Technicals are neutral-to-slightly constructive, but valuation remains difficult to justify given ongoing losses and no dividend support.
Positive Factors
Low leverage
Effectively zero debt meaningfully reduces interest and refinancing risk for an early-stage explorer. This durable balance-sheet characteristic preserves optionality, lowers fixed financial burden, and gives management flexibility to pursue exploration or financing on better terms without imminent debt maturities.
Negative Factors
No revenue
Zero revenue is a fundamental constraint: the business lacks operating cash generation and must rely on external financing to fund exploration. Over months this preserves structural dependency on capital markets and limits ability to demonstrate operating leverage or fund growth internally.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
Effectively zero debt meaningfully reduces interest and refinancing risk for an early-stage explorer. This durable balance-sheet characteristic preserves optionality, lowers fixed financial burden, and gives management flexibility to pursue exploration or financing on better terms without imminent debt maturities.
Read all positive factors
Delta Resources (DLTA) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$29.34M
Dividend YieldN/A
Average Volume (3M)121.67K
Price to Earnings (P/E)―
Beta (1Y)1.50
Revenue GrowthN/A
EPS Growth44.39%
CountryCA
Employees6
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding136,471,820
10 Day Avg. Volume153,065
30 Day Avg. Volume121,675
Financial Highlights & Ratios
PEG Ratio0.12
Price to Book (P/B)-258.80
Price to Sales (P/S)0.00
P/FCF Ratio-4.26
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
Delta Resources Business Overview & Revenue Model
Company Description
Delta Resources Limited, an exploration company, engages in the acquisition, exploration, and development of gold and base metal projects in Canada. It has an agreement to acquire a 100% interest in the Delta-1/Eureka project, which consists of 24...
How the Company Makes Money
null...
Delta Resources Financial Statement Overview
Summary
Income Statement
9
Very Negative
Balance Sheet
28
Negative
Cash Flow
12
Very Negative
| Breakdown | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -4.82K | -6.92K | -5.66K | -1.83K | -1.14K |
| EBITDA | -6.19M | -6.32M | -8.17M | -4.33M | -1.56M |
| Net Income | -4.39M | -6.09M | -7.11M | -3.94M | -1.52M |
Balance Sheet | |||||
| Total Assets | 1.01M | 6.24M | 6.81M | 3.47M | 4.42M |
| Cash, Cash Equivalents and Short-Term Investments | 429.98K | 5.65M | 6.10M | 2.99M | 3.61M |
| Total Debt | 0.00 | 0.00 | 0.00 | 30.00K | 30.00K |
| Total Liabilities | 1.10M | 2.17M | 1.11M | 889.27K | 714.16K |
| Stockholders Equity | -88.41K | 4.07M | 5.71M | 2.58M | 3.70M |
Cash Flow | |||||
| Free Cash Flow | -5.37M | -5.24M | -7.21M | -3.48M | -1.26M |
| Operating Cash Flow | -5.37M | -5.24M | -7.19M | -3.48M | -1.26M |
| Investing Cash Flow | -1.25K | -150.00K | -20.11K | 220.42K | 0.00 |
| Financing Cash Flow | -523.00 | 4.95M | 10.32M | 2.64M | 3.66M |
Delta Resources Technical Analysis
Positive
0.18
Price Trends
0.19
Positive
0.18
Positive
0.16
Positive
Market Momentum
<0.01
Positive
58.40
Neutral
72.22
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:DLTA, the sentiment is Positive. The current price of 0.18 is below the 20-day moving average (MA) of 0.21, below the 50-day MA of 0.19, and above the 200-day MA of 0.16, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 58.40 is Neutral, neither overbought nor oversold. The STOCH value of 72.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:DLTA.
Delta Resources 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% | |
51 Neutral | C$25.47M | -24.04 | -2.66% | ― | ― | 11.43% | |
50 Neutral | C$19.66M | -7.50 | -58.36% | ― | ― | -23.23% | |
47 Neutral | C$24.68M | -3.15 | -446.15% | ― | ― | -58.16% | |
46 Neutral | C$29.34M | -5.21 | -182.71% | ― | ― | 44.39% | |
43 Neutral | C$17.17M | -5.87 | -206.46% | ― | ― | 5.41% |
* Basic Materials Sector Average
TSE:DLTA
Delta Resources
0.22
0.04
19.44%
TSE:BARU
Baru Gold
0.05
<0.01
12.50%
TSE:OMM
Omineca Mining and Metals
0.08
0.03
87.50%
TSE:OCI
Orefinders Resources
0.10
0.04
53.85%
TSE:GRC
Gold Springs Resource
0.09
0.02
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TSE:KALO
Kalo Gold Holdings
0.21
-0.03
-12.50%
Delta Resources Corporate Events
Business Operations and StrategyM&A Transactions
Delta Resources Maps 2026 Push at Ontario’s Delta-1 Gold Project
Positive
Mar 11, 2026
Delta Resources has outlined its 2026 exploration and development strategy for the Delta-1 Gold Project in Ontario following a week of technical and strategic meetings around the PDAC convention in Toronto. Management says the company is now fully...
Business Operations and Strategy
Delta Resources Uncovers New Gold and Nickel Targets at Delta-1 I-Zone
Positive
Feb 27, 2026
Delta Resources has reported new results from a 2024-25 till survey and regional drilling at its Delta-1 Gold Project, identifying at least three significant gold anomalies and a notable nickel trend in the I-Zone sector, southwest of the Eureka G...
Business Operations and StrategyExecutive/Board Changes
Delta Resources Strengthens Leadership and Technical Team to Advance Gold Projects
Positive
Feb 19, 2026
Delta Resources has appointed Ron Kopas as permanent chief executive officer and promoted exploration manager Daniel Boudreau to vice president of exploration, moves aimed at reinforcing both capital markets strength and technical leadership. Kopa...
Business Operations and Strategy
Delta Resources Reports Strong Eureka Gold Intercepts and Starts Metallurgical Program at Delta-1
Positive
Feb 18, 2026
Delta Resources has reported strong assay results from the final two holes of its Fall 2025 drilling campaign at the Eureka Gold Deposit, including 4.18 grams per tonne gold over 17.7 metres and 0.91 grams per tonne over 16.1 metres. The infill ho...
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Delta Resources Secures Up to C$8.25 Million Non-Dilutive Funding Through Delta-2 Option Deal
Positive
Feb 17, 2026
Delta Resources has secured conditional approval from the TSX Venture Exchange for an option agreement allowing Troilus Mining to earn a 100% interest in the Delta-2 property in Québec through up to C$8.25 million in staged cash and/or share ...
Business Operations and Strategy
Delta Resources Uncovers New Gold Zone at Delta-1’s Wedge Area, Launches Follow-Up Drilling
Positive
Feb 4, 2026
Delta Resources has reported a new gold intercept at the Nova target within the Wedge area, approximately 4 kilometres west of its Eureka Gold Deposit on the Delta-1 Property in Thunder Bay, Ontario, including 1.11 grams per tonne gold over 10.3 m...
Business Operations and StrategyM&A Transactions
Delta Resources Options Québec Delta-2 Project to Troilus in C$8.25 Million Deal
Positive
Jan 29, 2026
Delta Resources has entered into an option agreement allowing Troilus Mining Corp. to earn a 100% interest in its Delta-2 mineral claims in Québec by making staged payments totaling C$8.25 million through December 15, 2028, payable in cash an...
Business Operations and StrategyExecutive/Board Changes
Delta Resources Director Justin Reid Resigns but Remains Advisor as Delta-1 Project Advances
Positive
Jan 24, 2026
Delta Resources announced that Justin Reid has resigned from its board of directors to focus on his role as CEO of Troilus Mining Corp., but will continue to support Delta as a shareholder and trusted advisor. The company framed the change as occu...
Business Operations and Strategy
Delta Resources Extends Eureka Gold System and Unveils New Shabaqua Target at Delta-1
Positive
Jan 13, 2026
Delta Resources reported encouraging assay results from 22 drill holes in its Fall 2025 diamond drilling campaign at the Delta-1 property, highlighted by multiple gold intercepts at the newly tested Shabaqua Target, 1.3 kilometres west of the Eure...
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.