Elcora Advanced Materials (ERA) AI Stock Analysis

• Market Cap: C$11.45M
• Dividend Yield: N/A
• Average Volume (3M): 18.31K
• Price to Earnings (P/E): ―
• Beta (1Y): -1.56
• Revenue Growth: N/A
• EPS Growth: 18.74%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): -0.01
• Shares Outstanding: 35,787,697
• 10 Day Avg. Volume: 10,670
• 30 Day Avg. Volume: 18,312
• PEG Ratio: 0.14
• Price to Book (P/B): -1.27
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -9.20
• 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: 48 Neutral
• Price Target: C$0.32 ▲(86.47% Upside)
• Action: Reiterated Date: 03/05/26
• Date: Action: Reiterated 03/05/26

The score is held down primarily by weak financial performance (persistent losses, cash burn, and negative equity with rising debt). Technicals provide some offset with a generally improving trend and neutral momentum, while valuation remains a risk factor due to ongoing losses and no dividend support.

Positive Factors

Advanced materials focus

Elcora’s stated focus on graphite and graphene positions it in a structural industrial/technology materials niche with long-term demand drivers. If R&D and commercialization progress, this specialization supports differentiated products and higher-margin applications versus commodity sellers.

Unit-level gross profitability

Recording positive gross profit in 2024 demonstrates the business can achieve unit-level margin at current scale and pricing. That durability implies production and cost structures can support scalable margins as revenue grows, a necessary condition for sustainable profitability.

Improving cash burn trend

A documented reduction in cash burn versus earlier periods suggests management has begun to curb outflows or optimize operations. Sustained lower burn improves runway and reduces near-term refinancing pressure, enabling more time to commercialize products or secure strategic partners.

Negative Factors

Persistent operating losses

The company reports consistent operating and net losses across reported periods, with inconsistent revenue including years of zero sales. This ongoing unprofitability weakens long-term viability, increases reliance on external capital, and means breakeven is not yet demonstrated.

Strained capital structure

Negative shareholders’ equity and materially higher debt reduce financial flexibility and raise refinancing or dilution risk. A weakened capital structure constrains investments in scale-up, R&D, and commercial rollout, and elevates the company’s vulnerability to adverse financing conditions.

Weak cash generation

Consistent negative operating and free cash flow indicate the core business does not self-fund and exhibits high free-cash-flow volatility. Long-term growth will require persistent external funding, increasing dilution risk and potentially limiting the firm’s ability to scale manufacturing or commercialization plans.

Elcora Advanced Materials Business Overview & Revenue Model

Company Description

Elcora Advanced Materials Corp., engages in the exploration of mineral properties in Canada. The company was formerly known as Elcora Resources Corp. and changed its name to Elcora Advanced Materials Corp. in February 2016. Elcora Advanced Materials Corp. was incorporated in 2011 and is headquartered in Bedford, Canada.

How the Company Makes Money

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Elcora Advanced Materials Financial Statement Overview

Summary

Financials are the dominant weakness: persistent operating losses and deeply negative EBIT/net income, inconsistent revenue (including periods of zero revenue), ongoing negative operating and free cash flow, and a strained balance sheet with consistently negative shareholders’ equity and rising debt—raising dilution/refinancing risk despite modest improvements in cash burn at times.

Income Statement

The income statement shows persistent operating losses across all periods, with EBIT and net income deeply negative in both TTM (Trailing-Twelve-Months) and annual results. Revenue is inconsistent (including multiple years with zero reported revenue), and the latest annual period shows a decline in revenue versus the prior year. While 2024 posted positive gross profit on modest revenue, overall profitability remains weak and the business has not demonstrated a stable path to breakeven.

Balance Sheet

The balance sheet is strained, highlighted by consistently negative shareholders’ equity (including a further deterioration in TTM), which increases financial risk and limits flexibility. Debt has risen materially over time and remains high relative to the asset base, while negative equity makes leverage metrics unfavorable and signals potential refinancing/dilution risk. Total assets are relatively stable, but the capital structure remains the key weakness.

Cash Flow

Cash generation is weak: operating cash flow and free cash flow are negative in TTM (Trailing-Twelve-Months) and in each annual period shown, indicating ongoing cash burn. Free cash flow volatility is high (including sharp contraction in TTM), and negative operating cash flow suggests the core business is not self-funding. A relative improvement versus prior heavy-burn years is a modest positive, but the company still appears dependent on external capital.

Breakdown	TTM	Jun 2025	Sep 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	0.00	0.00	120.98K	0.00	0.00	0.00
Gross Profit	-47.75K	-14.91K	56.70K	-71.21K	-91.52K	-149.22K
EBITDA	-1.04M	-835.91K	-1.07M	-1.42M	-728.81K	-626.10K
Net Income	-1.21M	-1.00M	-1.26M	-1.60M	-959.09K	-880.91K
Balance Sheet
Total Assets	1.88M	1.95M	1.72M	1.86M	1.66M	486.95K
Cash, Cash Equivalents and Short-Term Investments	22.89K	206.64K	14.60K	15.21K	309.13K	290.43K
Total Debt	1.91M	1.62M	1.13M	939.47K	887.46K	1.21M
Total Liabilities	5.01M	4.29M	3.17M	2.19M	1.81M	2.62M
Stockholders Equity	-3.13M	-2.34M	-1.45M	-320.81K	-143.35K	-2.13M
Cash Flow
Free Cash Flow	-690.23K	-324.19K	-274.13K	-999.23K	-2.51M	-179.21K
Operating Cash Flow	-651.86K	-324.19K	-146.83K	-511.40K	-1.43M	-179.21K
Investing Cash Flow	157.71K	94.63K	-127.30K	-487.83K	-1.08M	0.00
Financing Cash Flow	381.65K	414.34K	273.52K	705.31K	2.53M	436.44K

Elcora Advanced Materials Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.17
• 50DMA: Negative
• 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:ERA, the sentiment is Negative. The current price of 0.17 is below the 20-day moving average (MA) of 0.40, below the 50-day MA of 0.34, and below the 200-day MA of 0.18, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 36.28 is Neutral, neither overbought nor oversold. The STOCH value of 26.99 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:ERA.

Elcora Advanced Materials 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%
QBAT	54 Neutral	C$2.99M	-25.13	-15.28%	―	―	-36.33%
ERA	48 Neutral	C$11.45M	-2.49	―	―	―	18.74%
FCI	47 Neutral	C$13.90M	-1.93	-219.86%	―	―	53.47%
PLY	42 Neutral	C$4.57M	-131.58	-92.46%	―	―	94.03%
GEL	41 Neutral	C$3.23M	-2.22	-96.85%	―	―	35.91%
COS	39 Underperform	C$1.89M	-3.25	―	―	―	―

Elcora Advanced Materials Corporate Events

Elcora Raises $3 Million in Final Tranche of Private Placement

Elcora Advanced Materials has closed the third and final tranche of its non-brokered private placement, bringing total gross proceeds to about $3 million from the sale of nearly 25 million units priced at $0.12 each, with each unit comprising a common share and a two-year warrant exercisable at $0.16. The company, which paid no finders’ fees and created no new control person, will use the funds for general working capital, while new investor Skyline Resources Trading FZE has emerged with a significant stake of roughly 14.85% on an undiluted basis and 18.63% on a fully diluted basis, and insider participation triggered related-party disclosure rules under MI 61-101 but remained within exemption thresholds.

The securities issued in the offering are subject to a four-month-plus-one-day hold period under applicable securities laws, and completion of the financing remains contingent on final regulatory approvals and acceptance by the TSX Venture Exchange. Skyline’s holdings will be kept in escrow until exchange clearance of its personal information filing, underscoring regulatory oversight as Elcora shores up its balance sheet to support ongoing operations in the competitive battery materials sector.

The most recent analyst rating on (TSE:ERA) stock is a Hold with a C$0.38 price target. To see the full list of analyst forecasts on Elcora Advanced Materials stock, see the TSE:ERA Stock Forecast page.

Elcora Raises $3 Million in Final Tranche of Private Placement

Elcora Advanced Materials Corp. has closed the third and final tranche of its non-brokered private placement, bringing total gross proceeds to approximately $2.999 million from the sale of nearly 25 million units at $0.12 each, with each unit comprising a common share and a two-year warrant exercisable at $0.16. The financing, which involved insider participation and no finders’ fees, will be used for general working capital, while a new investor, Skyline Resources Trading FZE, has emerged with a significant minority stake subject to escrow and regulatory clearance, underscoring ongoing institutional interest and potential influence in Elcora’s capital structure.

The most recent analyst rating on (TSE:ERA) stock is a Hold with a C$0.38 price target. To see the full list of analyst forecasts on Elcora Advanced Materials stock, see the TSE:ERA Stock Forecast page.

Elcora Raises First $979,000 in Multi-Tranche Private Placement

Elcora Advanced Materials Corp. has closed the first tranche of a private placement, issuing 8,158,333 units at $0.12 per unit for gross proceeds of approximately $979,000, as part of a broader offering of up to 25,000,000 units to raise as much as $3 million. Each unit comprises one common share and one warrant exercisable at $0.16 for 24 months, with one company director participating in the financing under related-party transaction rules; the funds are earmarked for general working capital, and the financing remains subject to final TSX Venture Exchange approvals and statutory hold periods for the issued securities.

The most recent analyst rating on (TSE:ERA) stock is a Hold with a C$0.17 price target. To see the full list of analyst forecasts on Elcora Advanced Materials stock, see the TSE:ERA Stock Forecast page.