Graphano Energy Ltd. (GEL) AI Stock Analysis

• Market Cap: C$3.66M
• Dividend Yield: N/A
• Average Volume (3M): 71.22K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.24
• Revenue Growth: N/A
• EPS Growth: 35.91%
• Country: CA
• Employees: N/A
• Sector: Energy
• Sector Strength: 52
• Industry: Industrial Materials
• EPS (TTM): N/A
• Shares Outstanding: 21,533,268
• 10 Day Avg. Volume: 150,579
• 30 Day Avg. Volume: 71,223
• PEG Ratio: 0.09
• Price to Book (P/B): 3.73
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -5.33
• 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: 45 Neutral
• Price Target: C$0.18 ▲(10.00% Upside)

The score is held down primarily by weak financial performance (no revenue, ongoing losses, and continued cash burn, despite some 2025 improvement). Technicals are mildly bearish with the price below key short/mid-term moving averages and a negative MACD. Corporate updates are a relative positive (exploration progress and financing), but they do not offset the lack of operating scale and negative cash generation; valuation metrics provide limited support due to losses and no dividend.

Positive Factors

Low leverage / zero debt (2025)

The company reported zero debt in 2025, which materially lowers fixed financial obligations and interest exposure. Over a 2–6 month horizon this provides strategic flexibility to prioritize exploration or selective capex, reducing short-term default risk while management pursues resource development.

Advancing exploration and secured financing

Progress on drilling, geophysics and bulk sampling combined with a completed $375k private placement are structural positives for a resource company. They extend runway for technical work, de-risk the project via data accumulation, and support continued advancement toward resource definition and potential commercialization.

Improving loss and operating cash flow trend (2025)

Net loss and operating cash outflow narrowed in 2025 versus 2024, indicating improving cost control and lower burn. If sustained, this trend enhances the probability of reaching operational breakeven and reduces reliance on dilutive financing over the medium term, strengthening viability.

Negative Factors

No reported revenue across periods

The firm reports no revenue across all provided years, leaving it without an operating income stream to validate the business model. Over months this structural absence of sales compels ongoing external funding and prevents testing of market demand or scaling economics.

Persistent multi-year cash burn

Operating and free cash flows remained negative from 2022–2025, reflecting structural cash burn. Continued negative cash generation erodes liquidity and equity, forcing reliance on capital markets; this raises execution risk for exploration programs and increases dilution risk over time.

Sharply eroded shareholders' equity

Shareholders' equity has fallen substantially, cutting the company’s financial cushion against setbacks. A reduced equity base limits capacity to absorb further losses, restricts borrowing options, and heightens the long-term risk that additional capital raises will be needed, diluting existing holders.

Graphano Energy Ltd. Business Overview & Revenue Model

Company Description

Graphano Energy Ltd., a mining company, focuses on the evaluating, acquiring, and developing graphite resources in Canada. It holds a 100% interest in the Lac Aux Bouleaux Graphite property consisting 14 mineral claims and covering an area of approximately 738.12 hectares located in Quebec, Canada. The company was incorporated in 2020 and is based in Vancouver, Canada.

How the Company Makes Money

Graphano Energy Ltd. generates revenue primarily through the extraction and sale of graphite. The company engages in mining operations to procure raw graphite, which is then processed and sold to manufacturers and industries that utilize graphite in their products. Key revenue streams include direct sales contracts with battery manufacturers, partnerships with electric vehicle companies, and supply agreements with producers of renewable energy technologies. Additionally, the company may engage in joint ventures and strategic alliances to expand its market reach and improve its operational efficiency, thereby contributing to its overall earnings.

Graphano Energy Ltd. Financial Statement Overview

Summary

Very weak fundamentals: no revenue reported across the periods provided and persistent operating/net losses. Cash flow remains negative (ongoing burn), though 2025 showed improvement in both net loss and operating cash outflow. Balance sheet leverage is modest with zero debt in 2025, but equity has eroded sharply over time, reducing the financial cushion.

Income Statement

The company reports no revenue across all provided annual periods, while operating losses remain persistent (EBIT and net income are negative every year from 2021–2025). Losses improved meaningfully in 2025 versus 2024 (net loss narrowing from about -$1.20M to about -$0.55M), but profitability is still structurally weak with no demonstrated sales base and ongoing negative earnings.

Balance Sheet

Leverage appears modest in most years (often no debt, with only ~0.26 debt-to-equity in 2024 and zero debt in 2025), which reduces financial risk. However, equity has declined sharply over time (from ~$3.44M in 2022 to ~$0.69M in 2025), reflecting cumulative losses and weakening balance-sheet cushion; returns on equity are also consistently negative in recent years.

Cash Flow

Cash generation is a key pressure point: operating and free cash flow are negative in 2022–2025, indicating ongoing cash burn to sustain operations. The burn rate has improved in 2025 (operating cash flow about -$0.48M vs. about -$0.94M in 2024), but cash flow remains negative overall, and the 2021 positive operating cash flow looks like a one-off relative to the multi-year trend.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00
Gross Profit	0.00	0.00	0.00	0.00	0.00
EBITDA	-547.37K	-1.20M	-1.27M	-2.40M	-782.44K
Net Income	-547.36K	-1.20M	-1.03M	-2.28M	-782.44K
Balance Sheet
Total Assets	732.67K	1.65M	2.45M	3.63M	4.10M
Cash, Cash Equivalents and Short-Term Investments	661.68K	1.47M	2.08M	3.35M	4.10M
Total Debt	0.00	320.00K	0.00	0.00	0.00
Total Liabilities	41.72K	411.21K	24.90K	193.76K	4.10M
Stockholders Equity	690.96K	1.24M	2.42M	3.44M	-6.00K
Cash Flow
Free Cash Flow	-483.50K	-935.47K	-1.27M	-1.92M	776.25K
Operating Cash Flow	-483.50K	-935.47K	-1.27M	-1.92M	776.25K
Investing Cash Flow	0.00	0.00	0.00	0.00	0.00
Financing Cash Flow	-320.00K	320.00K	0.00	1.17M	4.10M

Graphano Energy Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.16
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GEL, the sentiment is Negative. The current price of 0.16 is below the 20-day moving average (MA) of 0.17, below the 50-day MA of 0.17, and above the 200-day MA of 0.15, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 48.67 is Neutral, neither overbought nor oversold. The STOCH value of 76.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:GEL.

Graphano Energy Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
CELL	53 Neutral	C$7.74M	-2.17	-58.31%	―	―	4.17%
CCB	46 Neutral	C$3.63M	-1.88	-72.19%	―	―	-73.91%
GEL	45 Neutral	C$3.66M	-3.66	-96.85%	―	―	35.91%
LION	41 Neutral	C$1.36M	-3.66	―	―	―	8.70%
GRAT	30 Underperform	C$6.01M	-1.80	―	―	―	―

Graphano Energy Ltd. Corporate Events

Graphano Energy Confirms 1.2-km Conductor in Black Pearl Survey, Expands Graphite Targets

Graphano Energy Ltd. has completed a 473-kilometre airborne geophysical survey over its Black Pearl graphite property in Québec, confirming a dominant TDEM conductor extending over 1.2 kilometres that aligns with earlier ground surveys and prior drilling that intersected multiple near-surface graphite zones with notable grades. The program has also outlined numerous new priority conductive targets, and the company is now undertaking detailed technical interpretation and preparing a comprehensive geophysical report to refine target ranking and guide follow-up groundwork and drilling, a step that strengthens the exploration case at Black Pearl and advances Graphano’s efforts to build its graphite asset base amid rising demand for battery materials.

The most recent analyst rating on (TSE:GEL) stock is a Sell with a C$0.16 price target. To see the full list of analyst forecasts on Graphano Energy Ltd. stock, see the TSE:GEL Stock Forecast page.

Graphano Energy Advances Exploration with Geophysical Survey and Bulk Sampling

Graphano Energy Ltd. has launched an airborne geophysical survey at its Black Pearl Project in Québec, employing advanced MAG and TDEM methods to gather critical subsurface data for exploration. In addition, the company is progressing bulk sampling and site selection activities at its Lac Aux Bouleaux and Standard project areas, marking steady advances in its development initiatives and strengthening its position in the growing graphite market.

Graphano Energy Completes $375,000 Private Placement to Advance Graphite Projects

Graphano Energy Ltd. has successfully completed a non-brokered private placement, raising $375,000 through the issuance of 2.5 million units. The funds will support an airborne geophysical survey, bulk sample permit filings, and general working capital. This move is expected to bolster Graphano’s project developments, particularly in the graphite sector, aligning with growing demands in energy storage technologies. The private placement awaits final approval from the TSX Venture Exchange.

Graphano Energy Announces $375,000 Private Placement for Project Expansion

Graphano Energy Ltd. has announced a non-brokered private placement to raise up to $375,000 through the issuance of 2,500,000 units, each consisting of a common share and a warrant. The funds will support geophysical surveys and permit filings for its projects in Quebec, aiming to strengthen its position in the energy metals market.