Delta Resources (TSE:DLTA)
:DLTA
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Delta Resources
(DLTA)
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Rating:44Neutral
Price Target:
C$0.18
▼(-2.78% Downside)
Action:Reiterated
Date:05/26/26
The score is primarily held back by weak financial performance (no revenue, ongoing losses, material cash burn, and a significantly weakened asset/equity base implying financing and dilution risk). Technical indicators also lean bearish with negative momentum and price below key moving averages. Valuation offers limited support because earnings are negative and no dividend yield is available.
Positive Factors
Focused exploration business model
Delta Resources operates a focused, asset-led exploration model targeting gold and critical/base metals. That business model offers asymmetric upside from successful discoveries or transactions, and aligns with durable structural demand for critical metals used in electrification and energy transition.
Negative Factors
Pre-revenue operations
Delta has no operating revenue and negative gross profit, meaning operations generate no internal financing. Long-term viability depends on exploration success, asset sales, or external funding; absence of revenue removes typical business resilience and increases structural financing risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Focused exploration business model
Delta Resources operates a focused, asset-led exploration model targeting gold and critical/base metals. That business model offers asymmetric upside from successful discoveries or transactions, and aligns with durable structural demand for critical metals used in electrification and energy transition.
Read all positive factors
Delta Resources (DLTA) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$28.79M
Dividend YieldN/A
Average Volume (3M)121.67K
Price to Earnings (P/E)―
Beta (1Y)1.34
Revenue GrowthN/A
EPS Growth59.96%
CountryCA
Employees6
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.03
Shares Outstanding159,967,480
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
8
Very Negative
Balance Sheet
32
Negative
Cash Flow
10
Very Negative
| Breakdown | TTM | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -4.45K | -4.82K | -6.92K | -5.66K | -1.83K | -1.14K |
| EBITDA | -4.69M | -6.19M | -6.32M | -8.17M | -4.33M | -1.56M |
| Net Income | -2.71M | -4.39M | -6.09M | -7.11M | -3.94M | -1.52M |
Balance Sheet | ||||||
| Total Assets | 940.63K | 1.01M | 6.24M | 6.81M | 3.47M | 4.42M |
| Cash, Cash Equivalents and Short-Term Investments | 708.37K | 429.98K | 5.65M | 6.10M | 2.99M | 3.61M |
| Total Debt | 400.00K | 0.00 | 0.00 | 0.00 | 30.00K | 30.00K |
| Total Liabilities | 743.51K | 1.10M | 2.17M | 1.11M | 889.27K | 714.16K |
| Stockholders Equity | 197.11K | -88.41K | 4.07M | 5.71M | 2.58M | 3.70M |
Cash Flow | ||||||
| Free Cash Flow | -4.15M | -5.37M | -5.24M | -7.21M | -3.48M | -1.26M |
| Operating Cash Flow | -4.15M | -5.37M | -5.24M | -7.19M | -3.48M | -1.26M |
| Investing Cash Flow | 0.00 | -1.25K | -150.00K | -20.11K | 220.42K | 0.00 |
| Financing Cash Flow | 469.48K | -523.00 | 4.95M | 10.32M | 2.64M | 3.66M |
Delta Resources Technical Analysis
Negative
0.18
Price Trends
0.20
Negative
0.19
Negative
0.18
Positive
Market Momentum
>-0.01
Negative
41.20
Neutral
44.44
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:DLTA, the sentiment is Negative. The current price of 0.18 is below the 20-day moving average (MA) of 0.18, below the 50-day MA of 0.20, and above the 200-day MA of 0.18, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 41.20 is Neutral, neither overbought nor oversold. The STOCH value of 44.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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% | |
46 Neutral | C$22.08M | -26.22 | -2.66% | ― | ― | 8.82% | |
45 Neutral | C$20.08M | -10.82 | -58.36% | ― | ― | 48.53% | |
44 Neutral | C$28.79M | -9.06 | -317.29% | ― | ― | 59.96% | |
44 Neutral | C$22.97M | -2.37 | -446.15% | ― | ― | -148.89% | |
42 Neutral | C$13.35M | -3.90 | -206.46% | ― | ― | 1.00% |
* Basic Materials Sector Average
TSE:DLTA
Delta Resources
0.18
0.06
56.52%
TSE:BARU
Baru Gold
0.04
-0.02
-41.67%
TSE:OMM
Omineca Mining and Metals
0.08
0.03
87.50%
TSE:OCI
Orefinders Resources
0.14
0.06
80.00%
TSE:GRC
Gold Springs Resource
0.08
>-0.01
-8.24%
TSE:KALO
Kalo Gold Holdings
0.20
>-0.01
-2.50%
Delta Resources Corporate Events
Business Operations and Strategy
Delta Resources to Showcase Delta-1 Gold Project at NWOPA Thunder Bay Event
Positive
Mar 31, 2026
Delta Resources Limited will attend the Northwest Ontario Prospectors Association Showcase in Thunder Bay on April 8–9, 2026, using the event to highlight progress at its Delta-1 Gold Project located 50 kilometres west of the city. The compa...
Business Operations and StrategyPrivate Placements and Financing
Delta Resources Wins Fourth OJEP Grant to Advance Delta-1 Gold Project
Positive
Mar 30, 2026
Delta Resources has secured $200,000 in non-dilutive funding from the Ontario Junior Exploration Program to advance work at its Delta-1 Gold Project near Thunder Bay. The award, the fourth consecutive year of OJEP support, highlights the company&#...
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...
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.