Delta Resources (DLTA) AI Stock Analysis

• Market Cap: C$25.25M
• Dividend Yield: N/A
• Average Volume (3M): 121.67K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.87
• Revenue Growth: N/A
• EPS Growth: 44.39%
• Country: CA
• Employees: 6
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): >-0.01
• Shares Outstanding: 135,771,820
• 10 Day Avg. Volume: 153,065
• 30 Day Avg. Volume: 121,675
• PEG Ratio: 0.08
• Price to Book (P/B): 3.29
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -2.56
• 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: 46 Neutral
• Price Target: C$0.19 ▲(3.33% Upside)

The score is primarily constrained by weak financial performance (no revenue, ongoing losses, and continued cash burn with shrinking equity). Technicals provide some support due to the price trading above major moving averages, but the overbought RSI increases near-term downside risk. Valuation remains pressured because the company is unprofitable and offers no dividend support.

Positive Factors

Very Low Leverage

Zero reported debt materially reduces solvency risk and gives the company structural financial flexibility. For an exploration-stage miner, minimal leverage lowers mandatory cash outflows, improving ability to pursue drilling or permitting over 2–6 months without immediate interest burden or covenant pressure.

Cash Flow Quality

Alignment of free cash flow with accounting losses implies earnings largely reflect real cash consumption rather than non-cash write-downs. This quality improves visibility on true cash runway and makes short- to medium-term financing needs easier to model for strategic planning and investor assessment.

Lean Cost Base

A very small headcount suggests a capital-light, lean operating model common in exploration firms, limiting fixed overhead. Over a multi-month horizon this structural cost discipline can extend runway, allow focused use of capital on field programs, and reduce dilution pressure versus larger SG&A loads.

Negative Factors

No Revenue Base

Absence of any revenue leaves the business dependent on capital markets for funding and provides no internal margin cushion. Over 2–6 months this structural lack of top-line cash generation constrains strategic optionality, prevents reinvestment from operations, and elevates execution risk.

Heavy Cash Burn

Sustained negative operating and free cash flow at multi-million-dollar levels creates an ongoing need for external financing. Structurally, this shortens runway, raises dilution risk, and limits ability to scale exploration programs or respond to opportunities without immediate capital raises within the coming months.

Shrinking Shareholders' Equity

Rapid erosion of equity indicates cumulative losses and reduces the company’s balance-sheet buffer. This structural weakening heightens dependence on fresh capital, increases potential dilution for existing holders, and constrains larger strategic moves or partner investments over the medium term.

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 245 mining claims totaling an area of 4,495 hectares located in the Thunder Bay district of Ontario; and the Delta-2 project comprising 237 claims covering an area of 12,650 hectares located in the Chibougamau Mining district of Quebec. The company also holds an option agreement to acquire the Dollier property that consists of 40 claims covering an area of 2,228 hectares located in Chibougamau, Quebec. The company was formerly known as Golden Hope Mines Limited and changed its name to Delta Resources Limited in July 2019. Delta Resources Limited was incorporated in 1946 and is based in Kingston, Canada.

How the Company Makes Money

Delta Resources makes money through the exploration, extraction, and sale of mineral resources. Its primary revenue streams include the sale of extracted minerals like gold and copper to global markets, including industrial and jewelry sectors. The company also enters into long-term supply agreements and partnerships with manufacturing firms and commodity traders, ensuring a steady demand for its products. Additionally, Delta Resources might engage in joint ventures and strategic alliances to diversify its portfolio and enhance its production capabilities. Fluctuations in commodity prices and operational efficiency are significant factors that influence the company's earnings.

Delta Resources Financial Statement Overview

Summary

Exploration-stage profile with no revenue, recurring operating/net losses, and persistent negative free cash flow. While debt is essentially zero (lower leverage risk), equity has shrunk materially over time, increasing financing/dilution risk until cash burn improves or a revenue catalyst emerges.

Income Statement

TTM (Trailing-Twelve-Months) and the last several annual periods show no revenue and consistently negative profitability, with sizable operating losses and net losses each year (TTM net loss of about 4.4M; 2024 net loss about 6.1M). With no top-line base to absorb costs, earnings quality is weak and visibility on a path to profitability remains limited, although the TTM net loss is smaller than 2024, indicating some near-term expense reduction.

Balance Sheet

Leverage is very low (total debt at 0 in TTM and recent annual periods), which reduces financial risk. However, equity has declined materially over time (from ~5.7M in 2023 to ~1.1M in TTM), reflecting ongoing losses and raising dilution/financing risk. Returns on equity are deeply negative across periods, consistent with a company still in the investment/exploration stage rather than generating sustainable returns.

Cash Flow

Cash burn remains heavy, with negative operating cash flow and negative free cash flow in every period shown (TTM operating cash flow about -4.4M; free cash flow about -4.4M). Free cash flow volatility is also elevated (TTM free cash flow growth is sharply negative versus 2024). While free cash flow is roughly in line with net loss (indicating limited non-cash earnings distortions), the overall profile implies ongoing reliance on external funding.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-5.33K	-6.92K	-5.66K	-1.83K	-1.14K	-1.25K
EBITDA	-5.70M	-6.32M	-8.17M	-4.33M	-1.56M	-1.93M
Net Income	-4.43M	-6.09M	-7.11M	-3.94M	-1.52M	-1.92M
Balance Sheet
Total Assets	2.36M	6.24M	6.81M	3.47M	4.42M	1.99M
Cash, Cash Equivalents and Short-Term Investments	2.20M	5.65M	6.10M	2.99M	3.61M	1.21M
Total Debt	0.00	0.00	0.00	30.00K	30.00K	30.00K
Total Liabilities	1.25M	2.17M	1.11M	889.27K	714.16K	503.45K
Stockholders Equity	1.11M	4.07M	5.71M	2.58M	3.70M	1.49M
Cash Flow
Free Cash Flow	-4.41M	-5.24M	-7.21M	-3.48M	-1.26M	-1.34M
Operating Cash Flow	-4.41M	-5.24M	-7.19M	-3.48M	-1.26M	-1.34M
Investing Cash Flow	-1.25K	-150.00K	-20.11K	220.42K	0.00	0.00
Financing Cash Flow	4.94M	4.95M	10.32M	2.64M	3.66M	1.62M

Delta Resources Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.18
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: 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 0.18, above the 50-day MA of 0.17, and above the 200-day MA of 0.15, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 49.76 is Neutral, neither overbought nor oversold. The STOCH value of 23.20 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

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%
GRC	51 Neutral	C$29.72M	-33.87	-2.66%	―	―	11.43%
OMM	50 Neutral	C$24.90M	-7.79	-58.36%	―	―	-23.23%
DLTA	46 Neutral	C$25.25M	-5.49	-331.35%	―	―	44.39%
KALO	44 Neutral	C$27.84M	-2.59	-201.31%	―	―	-58.16%
BARU	42 Neutral	C$22.02M	-5.45	―	―	―	5.41%

Delta Resources Corporate Events

Delta Resources Uncovers New Gold Zone at Delta-1’s Wedge Area, Launches Follow-Up Drilling

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 metres in hole D1-25-153 and confirmation of mineralization at the Wedge Zone in hole D1-25-152. The company has launched a 1,400‑metre follow-up drill program at the Wedge Zone, Nova and Kaspar targets, supported by a new high‑resolution drone magnetic survey, and says these emerging zones, together with Eureka and bolstered by funding from an option agreement on its Delta‑2 property in Québec, could materially strengthen the economics and scale potential of the Delta‑1 project for stakeholders.

The most recent analyst rating on (TSE:DLTA) stock is a Hold with a C$0.17 price target. To see the full list of analyst forecasts on Delta Resources stock, see the TSE:DLTA Stock Forecast page.

Delta Resources Options Québec Delta-2 Project to Troilus in C$8.25 Million Deal

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 and/or Troilus shares, while Delta retains a 1% net smelter return royalty, half of which is buyable back for C$500,000. Troilus will operate and fund all exploration and maintenance on the 21,783-hectare Delta-2 property during the option period, providing Delta with non-dilutive capital—beginning with C$2.5 million in 2026—to strengthen its balance sheet and allow management to concentrate on advancing the Delta-1 Gold Property in Ontario, thereby crystallizing near- and medium-term value from Delta-2 while preserving long-term exposure to potential production.

The most recent analyst rating on (TSE:DLTA) stock is a Hold with a C$0.18 price target. To see the full list of analyst forecasts on Delta Resources stock, see the TSE:DLTA Stock Forecast page.

Delta Resources Director Justin Reid Resigns but Remains Advisor as Delta-1 Project Advances

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 occurring from a position of strength, emphasizing Reid’s confidence in Delta’s Ontario exploration assets and suggesting continuity of strategic guidance as it advances its Delta-1 gold project, which could help sustain investor confidence and operational momentum despite the governance change.

The most recent analyst rating on (TSE:DLTA) stock is a Hold with a C$0.24 price target. To see the full list of analyst forecasts on Delta Resources stock, see the TSE:DLTA Stock Forecast page.

Delta Resources Extends Eureka Gold System and Unveils New Shabaqua Target at Delta-1

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 Eureka Gold Deposit, including 4.25 g/t gold over 11.8 metres and 1.37 g/t over 10.5 metres, as well as very broad low‑grade intervals similar to Eureka-style mineralization. Step-out drilling at the Eureka South and West areas continued to expand the mineralized footprint with notable intercepts such as 1.32 g/t over 7 metres and 3.83 g/t over 3 metres, while early signs of mineralization at the more distant Wedge Target and anomalous gold in 20 of 22 holes underscore the potential for a larger, district-scale gold system that could enhance Delta’s resource base and support the company’s ambition to develop a scalable, low-cost operation near existing infrastructure.

The most recent analyst rating on (TSE:DLTA) stock is a Hold with a C$0.14 price target. To see the full list of analyst forecasts on Delta Resources stock, see the TSE:DLTA Stock Forecast page.

Delta Resources Completes Expanded Drilling and Drone Survey at Delta-1 Property

Delta Resources Limited has successfully completed its 2025 fall drilling program at the Delta-1 Property, exceeding planned meterage and holes, and has also completed a high-resolution drone magnetic survey. The drilling program aimed to enhance understanding of the structural controls and extensions of mineralization around the Eureka Gold Deposit and test new target areas, including the Wedge sector. The expanded drilling and survey efforts are expected to support future exploration and potential expansion, with assay results anticipated soon.

Delta Resources to Present at 121 Mining Investment Conference in London

Delta Resources Limited has announced its participation in the 121 Mining Investment Conference in London, where interim CEO Ron Kopas will present the company’s recent and future activities. This event, scheduled for November 17-18, will host over 150 mining companies and more than 500 investors, offering a platform for Delta Resources to enhance its industry positioning and engage with potential investors.