Element 29 Resources (TSE:ECU)
:ECU
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Element 29 Resources
(ECU)
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Rating:55Neutral
Price Target:
C$1.50
▲(38.89% Upside)
Action:ReiteratedDate:12/30/25
The score is held back primarily by weak financial performance (no revenue, ongoing losses, and negative free cash flow despite a low-debt balance sheet). Technicals are a meaningful positive with the stock above major moving averages and a positive MACD, while valuation is constrained by negative earnings and no dividend. A positive exploration acceleration event adds modest support but does not offset the current cash-burn profile.
Positive Factors
Low leverage / balance sheet flexibility
Extremely 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.
Negative Factors
Pre‑revenue business model
Being 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.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / balance sheet flexibility
Extremely 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.
Read all positive factors
Element 29 Resources (ECU) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$169.50M
Dividend YieldN/A
Average Volume (3M)67.80K
Price to Earnings (P/E)―
Beta (1Y)-0.42
Revenue GrowthN/A
EPS Growth71.30%
CountryCA
Employees1
SectorBasic Materials
Sector Strength58
IndustryCopper
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
Element 29 Resources Business Overview & Revenue Model
Company Description
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 p...
How the Company Makes Money
Element 29 Resources generates revenue primarily through the exploration and development of copper mining projects. The company aims to discover and define copper deposits that can be economically extracted and sold in the global minerals market. ...
Element 29 Resources Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
21
Negative
| Breakdown | TTM | Dec 2024 | Mar 2024 | Mar 2023 | Mar 2022 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -56.19K | -58.94K | -39.67K | -17.76K | -5.14K | 0.00 |
| EBITDA | -2.47M | -7.08M | -1.36M | -3.09M | -2.90M | -1.61M |
| Net Income | -2.38M | -7.15M | -1.92M | -5.24M | -2.91M | -2.08M |
Balance Sheet | ||||||
| Total Assets | 23.67M | 13.30M | 15.93M | 14.54M | 17.80M | 12.50M |
| Cash, Cash Equivalents and Short-Term Investments | 9.65M | 1.19M | 1.23M | 1.10M | 7.83M | 6.22M |
| Total Debt | 82.48K | 13.61K | 43.76K | 40.00K | 40.00K | 40.00K |
| Total Liabilities | 251.45K | 459.39K | 177.01K | 460.74K | 791.34K | 240.94K |
| Stockholders Equity | 23.41M | 12.84M | 15.75M | 14.08M | 17.01M | 12.26M |
Cash Flow | ||||||
| Free Cash Flow | -3.01M | -1.31M | -3.26M | -7.47M | -5.20M | -2.39M |
| Operating Cash Flow | -1.51M | -1.31M | -1.86M | -2.23M | -2.01M | -1.78M |
| Investing Cash Flow | -3.27M | -2.31M | -1.38M | -5.25M | -3.22M | -306.01K |
| Financing Cash Flow | 11.85M | 3.58M | 3.39M | 720.00K | 6.84M | 7.88M |
Element 29 Resources Technical Analysis
Negative
1.08
Price Trends
1.18
Negative
1.11
Negative
0.87
Positive
Market Momentum
-0.02
Positive
44.56
Neutral
28.40
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ECU, the sentiment is Negative. The current price of 1.08 is below the 20-day moving average (MA) of 1.19, below the 50-day MA of 1.18, and above the 200-day MA of 0.87, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 44.56 is Neutral, neither overbought nor oversold. The STOCH value of 28.40 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:ECU.
Element 29 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% | |
55 Neutral | C$169.50M | -56.86 | -15.12% | ― | ― | 71.30% | |
49 Neutral | C$166.13M | -1.02 | -3.35% | ― | 128.86% | ― | |
42 Neutral | C$366.60M | -48.09 | -6.57% | ― | ― | -41.70% | |
41 Neutral | C$84.89M | -6.43 | -35.86% | ― | ― | 22.47% |
* Basic Materials Sector Average
TSE:ECU
Element 29 Resources
1.09
0.72
194.59%
TSE:HI
Highland Copper
0.12
0.01
9.52%
TSE:LA
Los Andes Copper
12.40
5.75
86.47%
TSE:GCU
Gunnison Copper
0.39
0.14
54.12%
TSE:VCU
Vizsla Copper
1.01
0.31
44.29%
Element 29 Resources Corporate Events
Business Operations and Strategy
Element 29 Extends High-Grade Copper Mineralization at Elida with Record Drill Intercepts
Positive
Jan 26, 2026
Element 29 Resources has reported its longest and highest-grade drill intercepts to date at the Elida porphyry copper-molybdenum-silver deposit in central Peru, with hole ELID037 returning 1,489 metres grading 0.58% CuEq from surface, including 1,...
Business Operations and StrategyRegulatory Filings and Compliance
Element 29 Secures Key Environmental Certification to Expand Drilling at Elida Copper Project in Peru
Positive
Jan 6, 2026
Element 29 Resources has received Declaración de Impacto Ambiental (DIA) environmental certification from Peru’s Ministry of Energy and Mines for its Elida porphyry Cu-Mo-Ag deposit, a key step toward obtaining a new drilling permit tha...
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.