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Element 29 Resources (TSE:ECU)
:ECU
ECU Stock Chart & Stats
C$1.08
-C$0.02(-3.92%)
At close: 4:00 PM EST
C$1.08
-C$0.02(-3.92%)
Day’s Range― - ―
52-Week RangeC$0.29 - C$1.40
Previous CloseN/A
Volume5.50K
Average Volume (3M)67.80K
Market Cap
C$164.83M
Enterprise ValueC$159.94M
Total Cash (Recent Filing)C$9.65M
Total Debt (Recent Filing)C$82.48K
Price to Earnings (P/E)―
Beta-0.72
Next Earnings
May 28, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding155,503,480
10 Day Avg. Volume110,413
30 Day Avg. Volume67,800
Financial Highlights & Ratios
PEG Ratio-0.05
Price to Book (P/B)5.45
Price to Sales (P/S)0.00
P/FCF Ratio-53.27
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
Bulls Say, Bears Say
Bulls Say
Low Leverage / Balance Sheet FlexibilityExtremely low debt and roughly $23.4M of equity provide durable financial flexibility for multi‑month exploration programs, reducing near‑term refinancing risk and allowing management to fund drilling and technical studies without immediate leverage pressure. This supports continuity of project advancement while cash burn continues.
Exploration AccelerationAdding a third drill rig is a structural operational step that increases the pace of resource definition and geologic de‑risking over quarters, shortening the timeline to a maiden resource or upgraded estimates. That progress materially affects project valuation drivers and strategic options beyond short‑term price moves.
Improving Loss TrendNet losses declining from roughly $7.1M (2024) to about $2.4M TTM suggests improving cost control or more efficient capital deployment in exploration. If sustained, this structural improvement reduces future funding needs and the pace of dilution risk while management advances project milestones.
Bears Say
Pre‑revenue Business ModelBeing pre‑commercial and without revenue means long lead times to monetize projects and persistent reliance on external capital. This structural model elevates execution risk: value is contingent on exploration success and permitting, not operating cash flow, making returns uncertain over the next several quarters.
Persistent Negative Cash FlowConsistently negative operating and free cash flow creates an enduring funding requirement; accelerating drilling likely increases cash burn. Over a multi‑month horizon this necessitates equity or debt raises, raising dilution risk and potentially constraining continuous exploration if markets tighten.
Negative Returns And Dilution RiskA sustained negative ROE indicates deployed capital has not generated value, increasing the likelihood management must raise additional capital to fund operations. Recurrent fund raises in a pre‑revenue miner typically dilute shareholders and can limit long‑term investor returns absent a clear resource milestone.
Element 29 Resources News
ECU FAQ
What was Element 29 Resources’s price range in the past 12 months?
Element 29 Resources lowest stock price was C$0.29 and its highest was C$1.40 in the past 12 months.
What is Element 29 Resources’s market cap?
Element 29 Resources’s market cap is C$164.83M.
When is Element 29 Resources’s upcoming earnings report date?
Element 29 Resources’s upcoming earnings report date is May 28, 2026 which is in 94 days.
How were Element 29 Resources’s earnings last quarter?
Element 29 Resources released its earnings results on Nov 26, 2025. The company reported -C$0.003 earnings per share for the quarter, missing the consensus estimate of N/A by -C$0.003.
Is Element 29 Resources overvalued?
According to Wall Street analysts Element 29 Resources’s price is currently Overvalued.
Does Element 29 Resources pay dividends?
Element 29 Resources does not currently pay dividends.
What is Element 29 Resources’s EPS estimate?
Element 29 Resources’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does Element 29 Resources have?
Element 29 Resources has 155,503,480 shares outstanding.
What happened to Element 29 Resources’s price movement after its last earnings report?
Element 29 Resources reported an EPS of -C$0.003 in its last earnings report, missing expectations of N/A. Following the earnings report the stock price went up 2.105%.
Which hedge fund is a major shareholder of Element 29 Resources?
Currently, no hedge funds are holding shares in TSE:ECU
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Element 29 Resources Stock Smart Score
Underperform
1
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3
4
5
6
7
8
9
10
Technicals
SMA
Positive
20 days / 200 days
Momentum
146.34%
12-Months-Change
Fundamentals
Return on Equity
-13.14%
Trailing 12-Months
Asset Growth
33.90%
Trailing 12-Months
Company Description
Element 29 Resources
Element 29 Resources Inc. acquires, explores for, evaluates, and develops mineral properties in Peru. The company primarily explores for copper, molybdenum, gold, silver, lead, zinc, and other deposits. Its flagship property is the Flor de Cobre project comprising seven mining concessions and two concession applications covering an area of approximately 1,927 hectares located in the Southern Peru. The company also holds 100% interests in the Elida project that includes 28 mining concessions covering an area of approximately 19,210 hectares located in the province of Ocros; the Pahuay Copper Skarn project covering an area of approximately 700 hectares located to the south of Lima; and Muñaorjo copper project covering an area of 1,000 hectares located in Peru. Element 29 Resources Inc. was incorporated in 2017 and is headquartered in Vancouver, Canada.
Technical Analysis
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Options Prices
Currently, No data available
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