Electrum Discovery (TSE:ELY)
:ELY
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Electrum Discovery
(ELY)
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Rating:52Neutral
Price Target:
C$0.10
▲(1.00% Upside)
Action:ReiteratedDate:02/03/26
The score is held back primarily by pre-revenue financial performance with widening losses and materially higher cash burn, which elevates ongoing funding risk despite a stronger 2024 balance sheet. Technicals are moderately supportive (above key longer-term moving averages and positive MACD), but valuation is constrained by negative earnings and no dividend data.
Positive Factors
Materially improved shareholders' equity
A meaningful increase in equity and total assets provides a stronger capital base to fund ongoing exploration. This durable improvement reduces short-term solvency risk, supports operational continuity for several quarters, and enhances the company's ability to attract JV partners or raise project financing.
Negative Factors
Pre‑revenue operations
Absence of operating revenue removes internal cash generation and ties company viability to capital markets or partners. Over 2–6 months this elevates execution risk: continued exploration depends on external financing and success events, making operational continuity sensitive to funding conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Materially improved shareholders' equity
A meaningful increase in equity and total assets provides a stronger capital base to fund ongoing exploration. This durable improvement reduces short-term solvency risk, supports operational continuity for several quarters, and enhances the company's ability to attract JV partners or raise project financing.
Read all positive factors
Electrum Discovery (ELY) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$14.20M
Dividend YieldN/A
Average Volume (3M)182.58K
Price to Earnings (P/E)―
Beta (1Y)2.37
Revenue GrowthN/A
EPS GrowthN/A
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding118,297,950
10 Day Avg. Volume190,661
30 Day Avg. Volume182,580
Financial Highlights & Ratios
PEG Ratio0.10
Price to Book (P/B)2.22
Price to Sales (P/S)0.00
P/FCF Ratio-3.12
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
Electrum Discovery Business Overview & Revenue Model
Company Description
Electrum Discovery Corp. engages in the acquisition and exploration of mineral properties in the natural resource sector in the Republic of Serbia. It explores for gold and copper deposits. The company holds interests in the Timok East Project com...
How the Company Makes Money
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Electrum Discovery Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
58
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 |
|---|---|---|---|
Income Statement | |||
| Total Revenue | 0.00 | 0.00 | 0.00 |
| Gross Profit | -4.49K | -2.59K | 0.00 |
| EBITDA | -1.75M | -1.84M | -1.49M |
| Net Income | -1.84M | -1.79M | -1.56M |
Balance Sheet | |||
| Total Assets | 4.20M | 4.83M | 1.50M |
| Cash, Cash Equivalents and Short-Term Investments | 372.08K | 1.18M | 52.81K |
| Total Debt | 0.00 | 0.00 | 113.70K |
| Total Liabilities | 792.13K | 716.39K | 1.51M |
| Stockholders Equity | 3.41M | 4.12M | -13.58K |
Cash Flow | |||
| Free Cash Flow | -2.16M | -2.93M | -565.70K |
| Operating Cash Flow | -1.48M | -2.09M | -396.45K |
| Investing Cash Flow | -727.88K | -826.02K | -292.78K |
| Financing Cash Flow | 2.01M | 4.05M | 631.89K |
Electrum Discovery Peers Comparison
UnderperformOutperform
Sector (61)
TSE:ELY
Electrum Discovery
0.12
0.06
100.00%
TSE:EXG
ExGen Resources
0.12
0.04
50.00%
TSE:TSD
Tsodilo Resources
0.24
0.12
100.00%
TSE:CSG
Cosigo Resources Ltd.
0.10
0.05
100.00%
TSE:GPS
Norrland Gold Corp
0.16
0.13
433.33%
TSE:CNCO
Core Nickel Corp.
1.44
0.76
111.76%
Electrum Discovery Corporate Events
M&A TransactionsShareholder Meetings
Electrum Discovery Sets March Vote on MinRex Takeover Deal
Neutral
Feb 28, 2026
Electrum Discovery has secured an interim order from the Supreme Court of British Columbia and filed and mailed meeting materials for a March 24, 2026 special meeting of securityholders to vote on its previously announced arrangement with MinRex R...
Business Operations and Strategy
Electrum Discovery Pinpoints New Drill Targets at Timok East After Phase 2 AMT Survey
Positive
Jan 21, 2026
Electrum Discovery has completed a Phase 2 audio-magnetotelluric geophysical survey at its Timok East copper-gold project in Serbia, integrating the new data with results from a previous survey to build an expanded 3D resistivity model. The combin...
Business Operations and StrategyExecutive/Board ChangesM&A Transactions
Electrum Discovery and MinRex in Merger of Equals to Form ASX-Listed Gold-Copper Explorer
Positive
Jan 5, 2026
Electrum Discovery Corp. has agreed to merge in a share-exchange, merger-of-equals transaction with ASX-listed MinRex Resources to create a well-capitalized gold-copper exploration and development company listed in Australia. Under the deal, MinRe...
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.
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