Equity Metals (TSE:EQTY)
:EQTY
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Equity Metals
(EQTY)
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Rating:40Underperform
Price Target:
C$0.26
▼(-43.26% Downside)
Action:DowngradedDate:03/19/26
The score is driven primarily by weak financial performance (pre-revenue, widening losses, and sustained cash burn despite a debt-free balance sheet). Technicals also weigh on the score with bearish trend signals, while valuation is constrained by negative earnings and no dividend support.
Positive Factors
Debt-free balance sheet
Zero reported debt materially reduces near-term solvency risk for an exploration company. Without mandatory interest or principal payments, management can allocate capital to exploration programs or time equity raises, providing strategic flexibility over the next several months.
Negative Factors
Pre-revenue business
With no operational revenue, the company lacks internally generated cash to fund exploration. Over the coming months this structural absence of sales means operations depend entirely on financing or asset monetization, increasing execution and funding risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Zero reported debt materially reduces near-term solvency risk for an exploration company. Without mandatory interest or principal payments, management can allocate capital to exploration programs or time equity raises, providing strategic flexibility over the next several months.
Read all positive factors
Equity Metals (EQTY) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$69.15M
Dividend YieldN/A
Average Volume (3M)1.13M
Price to Earnings (P/E)―
Beta (1Y)2.83
Revenue GrowthN/A
EPS Growth-12.30%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)N/A
Shares Outstanding242,619,030
10 Day Avg. Volume1,301,223
30 Day Avg. Volume1,128,817
Financial Highlights & Ratios
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 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
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 propert...
How the Company Makes Money
null...
Equity Metals Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
48
Neutral
Cash Flow
14
Very Negative
| Breakdown | Nov 2025 | Nov 2024 | Nov 2023 | Nov 2022 | Nov 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -7.04K | -69.52K | -6.91K | -8.37K | -11.04K |
| EBITDA | -5.33M | -4.91M | -2.93M | -5.18M | -4.15M |
| Net Income | -5.42M | -4.08M | -2.91M | -5.01M | -4.21M |
Balance Sheet | |||||
| Total Assets | 3.73M | 5.50M | 3.34M | 802.49K | 2.17M |
| Cash, Cash Equivalents and Short-Term Investments | 2.80M | 5.00M | 2.95M | 497.52K | 1.79M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 978.14K | 1.53M | 287.50K | 96.86K | 98.07K |
| Stockholders Equity | 2.76M | 3.97M | 3.06M | 705.63K | 2.07M |
Cash Flow | |||||
| Free Cash Flow | -5.95M | -4.14M | -2.45M | -4.67M | -3.32M |
| Operating Cash Flow | -5.94M | -4.13M | -2.45M | -4.66M | -3.31M |
| Investing Cash Flow | -121.99K | -12.36K | 0.00 | -1.93K | 25.70K |
| Financing Cash Flow | 3.87M | 6.19M | 4.91M | 3.38M | 3.28M |
Equity Metals Technical Analysis
Negative
0.46
Price Trends
0.38
Negative
0.34
Negative
0.28
Positive
Market Momentum
-0.03
Positive
39.97
Neutral
45.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:EQTY, the sentiment is Negative. The current price of 0.46 is above the 20-day moving average (MA) of 0.33, above the 50-day MA of 0.38, and above the 200-day MA of 0.28, indicating a neutral trend. The MACD of -0.03 indicates Positive momentum. The RSI at 39.97 is Neutral, neither overbought nor oversold. The STOCH value of 45.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:EQTY.
Equity Metals 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% | |
56 Neutral | C$62.37M | -11.13 | -25.58% | ― | ― | -3.73% | |
53 Neutral | C$140.68M | -1.36 | -523.32% | ― | ― | 34.55% | |
48 Neutral | C$79.36M | -5.22 | -32.67% | ― | -19.44% | -2980.00% | |
45 Neutral | C$56.84M | -12.01 | -68.71% | ― | ― | 5.05% | |
41 Neutral | C$65.36M | -6.69 | 215.19% | ― | ― | -16.67% | |
40 Underperform | C$69.15M | -16.53 | -127.28% | ― | ― | -12.30% |
* Basic Materials Sector Average
TSE:EQTY
Equity Metals
0.29
0.08
42.50%
TSE:CTM
Canterra Minerals
0.16
0.08
100.00%
TSE:ELR
Eastern Platinum
0.39
0.25
168.97%
TSE:CGNT
Libero Copper & Gold
0.68
0.48
240.00%
TSE:NVRO
EnviroGold Global
0.14
0.02
17.39%
TSE:ESAU
Secova Metals
0.57
0.24
72.73%
Equity Metals Corporate Events
Business Operations and Strategy
Equity Metals Targets Investors at 2026 PDAC, Hires Advisor to Sharpen Strategy
Positive
Feb 6, 2026
Equity Metals Corporation will showcase its flagship Silver Queen silver‑gold project at the 2026 Prospectors Development Association of Canada Convention in Toronto, using the high‑profile mining conference to engage with investors a...
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Equity Metals Reaffirms Board, Extends Management Incentives After AGM
Positive
Jan 29, 2026
Equity Metals Corporation has reaffirmed its existing leadership structure following its January 28, 2026 annual general meeting, with all incumbent directors re-elected and the current slate of officers, including President Joseph A. Kizis Jr. an...
Business Operations and Strategy
Equity Metals Mobilizes Winter Drilling at Silver Queen and Advances Targeting at Arlington
Positive
Jan 28, 2026
Equity Metals has mobilized crews and a drill rig to launch a 16‑hole, 4,200‑metre winter 2026 drilling campaign on its Silver Queen silver‑gold property in northern British Columbia, aimed at testing portions of the current reso...
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.