Voyageur Mineral Explorers (EVR) AI Stock Analysis

• Market Cap: C$158.67M
• Dividend Yield: N/A
• Average Volume (3M): 18.37K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.81
• Revenue Growth: N/A
• EPS Growth: 96.34%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): -0.01
• Shares Outstanding: 46,666,924
• 10 Day Avg. Volume: 55,121
• 30 Day Avg. Volume: 18,373
• PEG Ratio: 3.62
• Price to Book (P/B): 23.06
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -65.11
• 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): 0.02
• Revenue Forecast (FY): C$4.10M

• Rating: 51 Neutral
• Price Target: C$3.50
• Action: Reiterated Date: 12/30/25
• Date: Action: Reiterated 12/30/25

The score is primarily held back by weak financial performance (no revenue, ongoing losses, and negative free cash flow) and an unhelpful negative P/E with no dividend support. These are partly offset by a debt-free balance sheet and improving loss/cash-burn trends, along with favorable technical momentum with the price above key moving averages.

Voyageur Mineral Explorers Business Overview & Revenue Model

Company Description

Voyageur Mineral Explorers (VOY) is a Canadian-based mineral exploration company focused on the acquisition, exploration, and development of mineral properties. The company primarily operates in the mining sector and seeks to identify and develop projects with significant mineral potential, particularly in regions known for rich deposits of precious metals and other valuable resources.

How the Company Makes Money

Voyageur Mineral Explorers makes money through the exploration and development of mineral properties with the intent to either sell these properties or enter into joint ventures with larger mining companies. The company's revenue streams primarily include proceeds from the sale of mineral rights, exploration and development partnerships, and potential future royalties from extracted minerals. Significant partnerships with established mining firms and investments in promising mineral-rich territories contribute to its earnings potential. The company's financial success depends on its ability to discover commercially viable mineral deposits and effectively manage exploration and development activities.

Voyageur Mineral Explorers Financial Statement Overview

Summary

Income statement is very weak with no revenue and ongoing losses despite material improvement in net loss in the most recent periods. Balance sheet is a key positive (no debt and improving equity), but cash flow remains a major constraint with consistently negative operating and free cash flow, implying continued funding needs.

Income Statement

Across the annual periods shown (2020–2024) and TTM (Trailing-Twelve-Months), the company reports no revenue and persistent losses, reflecting an early-stage/exploration profile rather than an operating business. Losses have narrowed materially versus 2020–2022 (net loss improved from about -$2.09M in 2020 to about -$0.19M in 2024, and to roughly -$0.01M in TTM), which is a positive trajectory. However, profitability remains negative overall and earnings quality is volatile (e.g., TTM shows positive EBITDA while EBIT is deeply negative), indicating results are still heavily influenced by non-operating items and/or non-cash accounting impacts.

Balance Sheet

The balance sheet is conservatively levered with total debt reported at $0 across all periods, which reduces solvency risk. Equity has improved recently (from ~$0.84M in 2024 to ~$1.39M in TTM), supporting the asset base (~$1.59M in TTM). The key weakness is ongoing negative returns on equity across all periods (though it improves sharply in TTM to roughly -0.7% from much worse levels in prior years), meaning shareholder capital has not yet been translated into sustainable profitability.

Cash Flow

Cash generation remains a major challenge: operating cash flow and free cash flow are consistently negative (TTM operating/free cash flow about -$0.20M; 2024 about -$0.30M), implying continued cash burn to fund operations. There is a favorable near-term trend with cash burn improving versus 2024 and a positive free cash flow growth rate in TTM, but cash flows are still structurally negative and will likely require ongoing external funding if this persists.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	0.00	0.00	0.00	0.00	0.00	0.00
EBITDA	82.22K	-190.91K	22.96K	-610.38K	-1.24M	-2.09M
Net Income	-10.30K	-190.91K	-265.07K	-576.67K	-1.24M	-2.09M
Balance Sheet
Total Assets	1.59M	888.71K	1.07M	1.33M	941.89K	1.01M
Cash, Cash Equivalents and Short-Term Investments	1.55M	864.16K	1.05M	1.31M	904.88K	991.93K
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	192.81K	49.08K	37.05K	35.63K	61.97K	184.28K
Stockholders Equity	1.39M	839.63K	1.03M	1.30M	879.92K	827.50K
Cash Flow
Free Cash Flow	-204.54K	-297.34K	-262.59K	-336.68K	-1.17M	-1.92M
Operating Cash Flow	-204.54K	-297.34K	-262.59K	-336.68K	-1.17M	-1.92M
Investing Cash Flow	48.88K	0.00	0.00	0.00	0.00	950.00
Financing Cash Flow	-6.90K	0.00	0.00	740.00K	1.08M	2.61M

Voyageur Mineral Explorers Technical Analysis

• Last Price: ―

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:EVR, the sentiment is undefined. The current price of undefined is equal to the 20-day moving average (MA) of ―, equal to the 50-day MA of ―, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of ― indicates undefined momentum. The RSI at ― is undefined, neither overbought nor oversold. The STOCH value of ― is undefined, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a undefined sentiment for TSE:EVR.

Voyageur Mineral Explorers 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%