Equity Metals (EQTY) AI Stock Analysis

• Market Cap: C$82.59M
• Dividend Yield: N/A
• Average Volume (3M): 1.13M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.19
• Revenue Growth: N/A
• EPS Growth: -12.30%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Other Precious Metals
• EPS (TTM): N/A
• Shares Outstanding: 232,647,400
• 10 Day Avg. Volume: 1,301,223
• 30 Day Avg. Volume: 1,128,817
• PEG Ratio: -0.70
• Price to Book (P/B): 13.87
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -6.43
• 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: 56 Neutral
• Price Target: C$0.39 ▼(-4.63% Downside)

The score is held back primarily by weak financial performance (no revenue, widening losses, and rising cash burn despite no debt). Offsetting this, technicals show strong momentum above major moving averages, and corporate updates (financing plus positive exploration progress and full ownership of Arlington) improve near-term execution capacity, while valuation remains constrained by ongoing losses.

Positive Factors

Exploration Program

The new exploration program on the Arlington property, including drilling and surveys, enhances the company's potential for discovering valuable mineral deposits, which could improve its long-term operational capabilities and market position.

Strategic Leadership

The re-election of directors and stock options grant reflect a stable leadership committed to strategic growth, ensuring continuity in executing long-term exploration and development plans, which is crucial for maintaining investor confidence and operational focus.

Gold Discoveries

The expansion of gold discoveries and high-grade findings at the Arlington project enhances the company's asset base and potential revenue streams, strengthening its position in the precious metals market over the long term.

Negative Factors

Lack of Revenue

The absence of revenue generation indicates significant challenges in monetizing exploration activities, which can hinder long-term financial sustainability and limit the company's ability to fund future projects without external financing.

Negative Cash Flow

Negative cash flows highlight inefficiencies in operations and reliance on external funding, posing risks to financial stability and limiting the company's ability to sustain operations and invest in growth without incurring additional debt or diluting equity.

Increasing Losses

The trend of increasing losses reflects ongoing financial challenges, which can erode shareholder value and limit the company's ability to invest in exploration and development, potentially impacting its long-term viability and competitiveness.

Equity Metals Business Overview & Revenue Model

Company Description

Equity Metals Corporation engages in the acquisition, exploration, and development of mineral properties in Canada. The company explores for gold, silver, copper, metal, silica, and diamond ores. It owns a 100% interest in the Silver Queen property that consists of 17 crown-granted and 45 tenure claims covering an area of 18,852 hectares located in the Omineca Mining Division, near Owen Lake, British Columbia; 57.49% interest in the Monument Diamond property comprising 3 mining leases and 2 staked claims covering an area of approximately 3,581 hectares located on the south shore of Lac de Gras in the Northwest Territories; and 100% in the La Ronge Silica project covering an area of 54 acres located in central Saskatchewan. The company was formerly known as New Nadina Explorations Limited and changed its name to Equity Metals Corporation in September 2019. Equity Metals Corporation was incorporated in 1964 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Equity Metals makes money primarily through the exploration and development of mineral resources, which can eventually lead to the sale of these assets or joint venture agreements with larger mining companies. The company may also generate revenue by selling off stakes in its projects or through royalties and streaming agreements. Key revenue streams include proceeds from the sale of mineral rights, exploration partnerships, and potential future production. Equity Metals' earnings are influenced by factors such as metal prices, exploration success, and strategic alliances with other industry players.

Equity Metals Financial Statement Overview

Summary

Equity Metals struggles with profitability and cash flow generation, characteristic of early-stage mining firms. The absence of revenue and increasing losses are concerning, despite a strong equity position and no debt. The company may face challenges without clear revenue streams and efficient operations.

Income Statement

The company consistently reports no revenue, indicating significant challenges in generating sales. The net income remains negative, with substantial losses over time, and EBIT and EBITDA margins are not applicable due to zero revenue. The trend of increasing net losses suggests worsening financial performance.

Balance Sheet

The company maintains a debt-free balance sheet, which is a strength. However, the equity ratio is moderate, and the return on equity is negative due to ongoing losses, reflecting weak shareholder returns. Assets have grown, but primarily through equity, which indicates potential over-reliance on equity financing.

Cash Flow

The company has negative operating and free cash flows, indicating cash burn and inefficiencies in core operations. High financing cash flows suggest reliance on external funding. The free cash flow to net income ratio is not favorable, highlighting sustainability issues in cash generation.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-7.04K	-7.04K	-69.52K	-6.91K	-8.37K	-11.04K
EBITDA	-6.08M	-5.33M	-4.91M	-2.93M	-5.18M	-4.15M
Net Income	-5.42M	-5.42M	-4.08M	-2.91M	-5.01M	-4.21M
Balance Sheet
Total Assets	3.73M	3.73M	5.50M	3.34M	802.49K	2.17M
Cash, Cash Equivalents and Short-Term Investments	2.80M	2.80M	5.00M	2.95M	497.52K	1.79M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	978.14K	978.14K	1.53M	287.50K	96.86K	98.07K
Stockholders Equity	2.76M	2.76M	3.97M	3.06M	705.63K	2.07M
Cash Flow
Free Cash Flow	-6.03M	-5.95M	-4.14M	-2.45M	-4.67M	-3.32M
Operating Cash Flow	-5.94M	-5.94M	-4.13M	-2.45M	-4.66M	-3.31M
Investing Cash Flow	-59.90K	-121.99K	-12.36K	0.00	-1.93K	25.70K
Financing Cash Flow	3.87M	3.87M	6.19M	4.91M	3.38M	3.28M

Equity Metals Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.41
• 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:EQTY, the sentiment is Positive. The current price of 0.41 is above the 20-day moving average (MA) of 0.36, above the 50-day MA of 0.27, and above the 200-day MA of 0.23, indicating a bullish trend. The MACD of 0.03 indicates Positive momentum. The RSI at 55.64 is Neutral, neither overbought nor oversold. The STOCH value of 23.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:EQTY.

Equity Metals 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%
EQTY	56 Neutral	C$82.59M	-12.54	-161.19%	―	―	-12.30%
CTM	56 Neutral	C$78.00M	-15.47	-27.31%	―	―	-3.73%
CGNT	53 Neutral	C$72.53M	-2.55	-369.28%	―	―	34.55%
NVRO	44 Neutral	C$65.14M	-4.95	―	―	―	-16.67%
ELR	43 Neutral	C$103.78M	-3.22	-28.77%	―	-19.44%	-2980.00%
ESAU	42 Neutral	C$59.95M	-5.77	-68.71%	―	―	5.05%

Equity Metals Corporate Events

Equity Metals Raises $4.6 Million and Secures Full Ownership of Arlington Property

Equity Metals Corporation has closed a non-brokered charity/premium flow-through private placement, raising $4.6 million through the issuance of 20 million flow-through units priced at $0.23, each comprising one flow-through share and half a non-flow-through warrant exercisable at $0.40 for three years. The company intends to use the proceeds to continue exploration and resource expansion at its flagship Silver Queen gold-silver-zinc vein project and to fund surface work and drilling on the Arlington gold-silver property, while also confirming it has completed the final option payment to secure a 100% ownership interest in the Arlington property, subject to a vendor royalty. The financing, which includes cash finders’ fees and finder warrants, strengthens Equity Metals’ exploration budget and consolidates its portfolio in British Columbia, potentially enhancing its long-term resource base and positioning within the regional precious metals exploration sector, pending customary TSX Venture Exchange acceptance.

The most recent analyst rating on (TSE:EQTY) stock is a Buy with a C$0.39 price target. To see the full list of analyst forecasts on Equity Metals stock, see the TSE:EQTY Stock Forecast page.

Equity Metals Extends Mineralization at Silver Queen Project

Equity Metals Corporation announced the extension of mineralization in the No. 3 Vein at its Silver Queen project, with significant assay results from its 2025 drill program. The drilling has successfully expanded the mineralization both laterally and to greater depths, enhancing the continuity and potential resource of the project. The results are expected to be incorporated into a revised exploration and resource model, with a Mineral Resource update anticipated in early 2026. This development could provide strategic advantages for future mining operations, given the proximity of the new mineralization to historical mine workings.

The most recent analyst rating on (TSE:EQTY) stock is a Buy with a C$0.39 price target. To see the full list of analyst forecasts on Equity Metals stock, see the TSE:EQTY Stock Forecast page.

Equity Metals Announces $4.6M Private Placement for Exploration Expansion

Equity Metals Corporation has announced a non-brokered flow-through private placement to raise $4.6 million, which will be used for exploration and resource expansion at the Silver Queen and Arlington projects. The company has completed its summer drilling program at the Silver Queen project, extending the No 3 Vein and preparing for a resource update in early 2026, highlighting its ongoing commitment to expanding its mineral resources.

The most recent analyst rating on (TSE:EQTY) stock is a Buy with a C$0.39 price target. To see the full list of analyst forecasts on Equity Metals stock, see the TSE:EQTY Stock Forecast page.