Harfang Exploration (TSE:HAR)
:HAR
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Harfang Exploration
(HAR)
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Rating:46Neutral
Price Target:
C$0.05
▼(-32.50% Downside)
Action:Reiterated
Date:06/20/26
The score is held down primarily by very weak profitability and significant negative free cash flow, despite improving revenue. A low-debt balance sheet helps reduce financial risk, while technicals are mixed (near-term slightly firmer but still below longer-term trend) and valuation signals are constrained by negative earnings and no indicated dividend.
Positive Factors
Low leverage / strong solvency
Very low debt relative to equity reduces near-term solvency risk and preserves financial flexibility. For an exploration company that must fund drilling and surveys, light leverage lowers refinancing pressure and supports optionality to raise project capital or withstand exploration cycles over the next several months.
Negative Factors
Sizable operating and net losses
Material operating and net losses show the cost base far exceeds current revenues, making profitability distant without either a step-change in revenue or major cost reduction. Persistent losses erode equity over time and complicate long-term planning for project advancement and funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong solvency
Very low debt relative to equity reduces near-term solvency risk and preserves financial flexibility. For an exploration company that must fund drilling and surveys, light leverage lowers refinancing pressure and supports optionality to raise project capital or withstand exploration cycles over the next several months.
Read all positive factors
Harfang Exploration (HAR) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$4.84M
Dividend YieldN/A
Average Volume (3M)238.40K
Price to Earnings (P/E)―
Beta (1Y)2.02
Revenue GrowthN/A
EPS Growth26.86%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.03
Shares Outstanding87,935,790
10 Day Avg. Volume401,740
30 Day Avg. Volume238,402
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.46
Price to Sales (P/S)194.62
P/FCF Ratio-2.26
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
Harfang Exploration Business Overview & Revenue Model
Company Description
Harfang Exploration Inc. operates as an early-stage company, primarily engaged in the acquisition and assessment of mineral prospects across Canada. Its exploration efforts target a diverse range of metals, including precious metals like gold, sil...
How the Company Makes Money
null...
Harfang Exploration Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Jan 2026 | Apr 2025 | Apr 2024 | Apr 2023 | Apr 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 39.94K | 32.53K | 0.00 | 3.28K | 8.16K | 76.00 |
| Gross Profit | 10.55K | -3.15K | -39.88K | 3.28K | 8.16K | -507.00 |
| EBITDA | -2.75M | -2.91M | -2.70K | -3.94M | -4.53M | -2.30M |
| Net Income | -2.41M | -2.56M | -2.13K | -3.53M | -3.41M | -1.66M |
Balance Sheet | ||||||
| Total Assets | 13.17M | 14.27M | 15.86M | 17.19M | 8.92M | 10.02M |
| Cash, Cash Equivalents and Short-Term Investments | 755.66K | 2.09M | 3.92M | 7.41M | 7.26M | 8.68M |
| Total Debt | 34.26K | 36.55K | 110.42K | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 297.23K | 496.09K | 340.34K | 198.69K | 931.35K | 1.30M |
| Stockholders Equity | 12.88M | 13.77M | 15.52M | 16.99M | 7.99M | 8.72M |
Cash Flow | ||||||
| Free Cash Flow | -3.17M | -2.80M | -2.19M | -4.50M | -4.13M | -2.20M |
| Operating Cash Flow | -3.13M | -2.80M | -2.03M | -4.14M | -4.09M | -1.96M |
| Investing Cash Flow | -80.15K | -100.70K | -1.00M | 252.27K | -356.18K | -231.28K |
| Financing Cash Flow | 1.08M | 1.07M | 520.32K | 4.04M | 3.03M | 7.92M |
Harfang Exploration Technical Analysis
Positive
0.08
Price Trends
0.05
Positive
0.06
Negative
0.07
Negative
Market Momentum
>-0.01
Negative
55.71
Neutral
77.78
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:HAR, the sentiment is Positive. The current price of 0.08 is above the 20-day moving average (MA) of 0.05, above the 50-day MA of 0.05, and above the 200-day MA of 0.07, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 55.71 is Neutral, neither overbought nor oversold. The STOCH value of 77.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:HAR.
Harfang Exploration 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% | |
47 Neutral | C$5.32M | 1.87 | 67.36% | ― | ― | ― | |
46 Neutral | C$4.84M | -2.16 | -18.13% | ― | ― | 26.86% | |
44 Neutral | C$6.12M | -12.47 | -8.37% | ― | ― | 29.27% | |
40 Underperform | C$5.69M | -1.70 | -34.89% | ― | ― | 20.37% |
* Basic Materials Sector Average
TSE:HAR
Harfang Exploration
0.06
-0.03
-38.89%
TSE:XTM
Transition Metals
0.07
<0.01
8.33%
TSE:VERT
Vertical Exploration Inc
0.04
-0.01
-20.00%
TSE:PRR
Prospect Ridge Resources Corp.
0.05
<0.01
11.11%
Harfang Exploration Corporate Events
Business Operations and Strategy
Harfang Advances James Bay and Ontario Portfolio With Winter Exploration Milestones
Positive
Apr 16, 2026
Harfang Exploration has wrapped up a productive winter campaign across four Canadian projects, highlighted by a maiden 1,300-metre diamond drilling program at the Mista Cu-Au-Ag target on its Serpent property in Québec. Preliminary core loggi...
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.