Harfang Exploration (HAR) AI Stock Analysis

• Market Cap: C$4.40M
• Dividend Yield: N/A
• Average Volume (3M): 238.40K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.88
• Revenue Growth: N/A
• EPS Growth: 7.28%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 87,935,790
• 10 Day Avg. Volume: 401,740
• 30 Day Avg. Volume: 238,402
• PEG Ratio: 0.09
• Price to Book (P/B): 0.56
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -2.97
• 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: 49 Neutral
• Price Target: C$0.07 ▼(-18.75% Downside)
• Action: Upgraded Date: 12/30/25
• Date: Action: Upgraded 12/30/25

The score is primarily constrained by weak financial performance driven by sustained losses and meaningful cash burn, despite low leverage. Technicals are neutral-to-weak with the stock below key longer-term moving averages and a negative MACD. Offsetting these risks somewhat are constructive corporate developments (discoveries, financing, and partnerships), while valuation remains hard to frame due to negative earnings.

Positive Factors

Low leverage / financial flexibility

Very low reported debt provides structural flexibility for an exploration company to weather multi-month drilling programs and timing gaps. Reduced interest burden and stronger balance-sheet optionality lower insolvency risk and support financing negotiations or partner deals over the medium term.

Negative Factors

Persistent cash burn

Sustained negative operating and free cash flow forces repeated capital raises or dependency on partners, creating dilution risk and constraining long-term program planning. Over a 2–6 month horizon, continued cash burn is a material constraint on advancing multiple projects or taking advantage of discovery catalysts.

Harfang Exploration Business Overview & Revenue Model

Company Description

Harfang Exploration Inc., an exploration and evaluation stage company, primarily acquires and explores for mineral properties in Canada. The company explores for gold, copper, silver, nickel, chromium, platinum, palladium, and other metals. It foc...

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Harfang Exploration Inc., an exploration and evaluation stage company, primarily acquires and explores for mineral properties in Canada. The company explores for gold, copper, silver, nickel, chromium, platinum, palladium, and other metals. It foc...

How the Company Makes Money

Harfang Exploration makes money through the discovery and development of mineral resources, primarily gold and silver. The company generates revenue by identifying promising mineral properties, conducting exploration activities, and advancing thes...

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Harfang Exploration makes money through the discovery and development of mineral resources, primarily gold and silver. The company generates revenue by identifying promising mineral properties, conducting exploration activities, and advancing thes...

Harfang Exploration Financial Statement Overview

Breakdown	TTM	Apr 2025	Apr 2024	Apr 2023	Apr 2022	Apr 2020
Income Statement
Total Revenue	26.13K	0.00	3.28K	8.16K	76.00	416.00
Gross Profit	-13.74K	-29.91K	3.28K	8.16K	-507.00	-168.00
EBITDA	-2.80M	-2.89M	-3.94M	-4.53M	-2.30M	-1.54M
Net Income	-2.58M	-2.19M	-3.53M	-3.41M	-1.66M	-1.24M
Balance Sheet
Total Assets	13.62M	16.59M	17.19M	8.92M	10.02M	3.91M
Cash, Cash Equivalents and Short-Term Investments	1.30M	6.43M	7.41M	7.26M	8.68M	2.96M
Total Debt	90.77K	134.40K	0.00	0.00	0.00	0.00
Total Liabilities	281.96K	721.64K	198.69K	931.35K	1.30M	318.40K
Stockholders Equity	13.34M	15.87M	16.99M	7.99M	8.72M	3.59M
Cash Flow
Free Cash Flow	-3.08M	-2.97M	-4.50M	-4.13M	-2.20M	-1.51M
Operating Cash Flow	-2.99M	-2.78M	-4.14M	-4.09M	-1.96M	-1.42M
Investing Cash Flow	-252.80K	-64.98K	252.27K	-356.18K	-231.28K	-80.52K
Financing Cash Flow	509.85K	1.86M	4.04M	3.03M	7.92M	2.18M

Harfang Exploration Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.08
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:HAR, the sentiment is Negative. The current price of 0.08 is above the 20-day moving average (MA) of 0.06, above the 50-day MA of 0.07, and below the 200-day MA of 0.08, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 31.29 is Neutral, neither overbought nor oversold. The STOCH value of 8.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:HAR.

Harfang Exploration 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%
HAR	49 Neutral	C$4.40M	-7.81	-18.13%	―	―	7.28%
XTM	47 Neutral	C$5.73M	-2.54	67.36%	―	―	―
GLM	43 Neutral	C$11.34M	-11.99	-5.30%	―	―	―
VERT	42 Neutral	C$4.59M	-21.03	-8.37%	―	―	38.78%
PRR	40 Neutral	C$7.98M	-1.17	-34.89%	―	―	44.75%

Harfang Exploration Corporate Events