James Bay Resources (JBR) AI Stock Analysis

• Market Cap: C$810.76K
• Dividend Yield: N/A
• Average Volume (3M): 7.73K
• Price to Earnings (P/E): ―
• Beta (1Y): -1.27
• Revenue Growth: N/A
• EPS Growth: -101.11%
• Country: CA
• Employees: N/A
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): -0.01
• Shares Outstanding: 81,076,240
• 10 Day Avg. Volume: 900
• 30 Day Avg. Volume: 7,733
• PEG Ratio: 0.09
• Price to Book (P/B): -1.12
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -3.74
• 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: 42 Neutral
• Price Target: C$0.01 ▼(-30.00% Downside)

The score is driven primarily by very weak financial performance (no revenue, ongoing losses, negative equity, and negative free cash flow). Technical indicators are also soft (negative MACD and sub-50 RSI), while valuation provides limited support due to negative earnings and no dividend yield data.

Positive Factors

Reduced cash burn

TTM and 2024 show a moderation in cash burn versus 2023, which lengthens the firm's runway and reduces immediate financing pressure. If sustained, lower burn improves ability to fund exploration or conserve capital while pursuing value-accretive milestones without urgent dilution.

Prior stronger balance-sheet period

A prior period of positive equity and modest leverage indicates the company once operated from a healthier financial base and likely held assets or financing capacity that can be redeployed. That historical recovery blueprint can inform restructuring or recapitalization strategies.

Industry exposure (E&P)

Operating in Oil & Gas E&P gives the company structural optionality: successful resource discovery or development can rapidly convert to scalable revenue and cash flow. The sector’s capital-cycle dynamics allow firms to materially improve fundamentals if exploration outcomes and project execution align.

Negative Factors

No revenue generation

Consistent zero revenue and negative gross profit mean the company lacks operating scale and cannot cover basic costs from sales. This structural absence of revenue prevents self-sustaining operations, increases reliance on financing, and impedes long-term margin improvement without new commercial assets.

Negative equity and rising leverage

Negative shareholders’ equity and materially higher debt signal accumulated losses and thinner asset cushions, raising refinancing and solvency risk. Structurally weak capital position constrains strategic flexibility, increases cost of capital, and may limit ability to withstand prolonged exploration cycles.

Persistent negative cash generation

Ongoing negative operating and free cash flow indicate structural cash burn that necessitates external funding for operations or projects. Continued negative cash generation increases dilution or debt risk, restricts reinvestment capacity, and threatens continuity absent consistent capital access or a switch to positive cash operations.

James Bay Resources Business Overview & Revenue Model

Company Description

James Bay Resources Limited, a Canadian junior oil company, engages in the exploration, evaluation, and development of oil and gas interests in Nigeria. The company was incorporated in 2007 and is headquartered in Toronto, Canada.

How the Company Makes Money

James Bay Resources makes money through the exploration and development of oil and gas reserves. The company generates revenue primarily by extracting and selling crude oil and natural gas. Key revenue streams include the sale of oil and gas to refineries and distributors, often under long-term contracts that provide predictable cash flow. JBR may also engage in joint ventures or partnerships with other energy companies to optimize resource development and share operational risks. Additionally, the company might receive financial support or investment from stakeholders interested in its exploration projects, contributing to its revenue model.

James Bay Resources Financial Statement Overview

Summary

Very weak fundamentals: revenue is consistently zero, gross profit is negative, operating metrics (EBIT/EBITDA) are deeply negative, and losses have persisted into TTM. Balance sheet risk is high with negative equity in 2022–TTM and materially higher debt, while operating cash flow and free cash flow are negative (cash burn), despite some moderation versus 2023.

Income Statement

Fundamentals are very weak: revenue is consistently zero across annual periods and TTM (Trailing-Twelve-Months), while gross profit is negative each period (ongoing cost base without sales). Losses persist, with net income deteriorating from a profit in 2021 to sizable losses in 2022–TTM, and operating results (EBIT/EBITDA) remain deeply negative in recent periods—suggesting limited operating scalability until revenue generation improves.

Balance Sheet

Balance sheet risk is elevated. Equity is negative in most periods (including 2022–TTM), which typically signals accumulated losses and weak financial flexibility. Debt has increased materially into TTM (Trailing-Twelve-Months) while total assets are comparatively small, implying a thin asset base versus obligations and higher refinancing/solvency risk. The only notably stronger year was 2021, when equity was positive and leverage was modest, but that position has since reversed.

Cash Flow

Cash generation is currently weak: operating cash flow and free cash flow are negative in 2022–TTM (Trailing-Twelve-Months), indicating ongoing cash burn to sustain operations. There is an improvement versus 2023 (burn rate reduced in TTM and 2024 compared with 2023), but cash flow remains negative overall, which can increase dependence on external funding.

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	-56.37K	-54.80K	-54.66K	-38.88K	-7.00K	-9.62K
EBITDA	-1.05M	-853.00K	-721.00K	-1.96M	2.99M	-243.38K
Net Income	-1.47M	-976.00K	-1.03M	-2.33M	2.08M	-1.91M
Balance Sheet
Total Assets	176.62K	58.32K	461.57K	1.57M	3.65M	185.36K
Cash, Cash Equivalents and Short-Term Investments	2.00K	3.37K	358.26K	1.42M	30.52K	55.66K
Total Debt	1.46M	829.13K	575.60K	632.76K	315.32K	365.20K
Total Liabilities	2.73M	1.51M	960.61K	1.94M	1.74M	1.26M
Stockholders Equity	-2.55M	-1.45M	-499.04K	-369.80K	1.90M	-1.08M
Cash Flow
Free Cash Flow	-540.86K	-434.08K	-983.32K	-753.77K	306.05K	44.93K
Operating Cash Flow	-540.85K	-434.08K	-983.32K	-753.77K	306.05K	44.93K
Investing Cash Flow	0.00	158.66K	845.97K	562.72K	-630.74K	-411.99K
Financing Cash Flow	538.48K	261.02K	148.82K	166.82K	299.54K	406.74K

James Bay Resources Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.02
• 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:JBR, the sentiment is Negative. The current price of 0.02 is above the 20-day moving average (MA) of 0.01, above the 50-day MA of 0.01, and above the 200-day MA of 0.01, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 45.63 is Neutral, neither overbought nor oversold. The STOCH value of <0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:JBR.

James Bay Resources 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%
JBR	42 Neutral	C$810.76K	-0.55	―	―	―	-101.11%
VIK	42 Neutral	C$1.13M	-0.17	―	―	-12.38%	61.63%
IFR	41 Neutral	C$1.45M	-0.93	68.89%	―	―	-487.50%
BARK	34 Underperform	C$1.80M	-0.14	-22.03%	―	―	-282.92%
SHP	24 Underperform	C$1.27M	-2.40	―	―	―	―

James Bay Resources Corporate Events

James Bay Resources Closes Second Tranche of Private Placement, Raises Total of $232,000

James Bay Resources Limited has corrected a clerical error in an earlier announcement and confirmed the closing of the second tranche of its previously announced non-brokered private placement. The company raised an additional $157,000 through the issuance of 7,875,000 common shares at $0.02 per share in this second tranche, bringing total gross proceeds from the offering to $232,000 and increasing its share count, with the new shares subject to a standard four-month-plus-one-day hold period, reinforcing its near-term liquidity and financing position in the Canadian small-cap market.

The most recent analyst rating on (TSE:JBR) stock is a Hold with a C$0.02 price target. To see the full list of analyst forecasts on James Bay Resources stock, see the TSE:JBR Stock Forecast page.

James Bay Resources Raises $157,000 in Second Tranche of Private Placement

James Bay Resources Limited has closed the second tranche of its previously announced non-brokered private placement of common shares, raising gross proceeds of $157,000 through the issuance of 7,875,000 shares at $0.02 per share, following a first tranche that raised $75,000 via 3,750,000 shares on the same terms. The latest shares are subject to a standard four-month-plus-one-day hold period, and the completion of this financing modestly strengthens the company’s balance sheet and share float on the Canadian Securities Exchange, providing additional capital for its ongoing corporate activities while underscoring its reliance on small equity raises in the current market environment.

The most recent analyst rating on (TSE:JBR) stock is a Hold with a C$0.02 price target. To see the full list of analyst forecasts on James Bay Resources stock, see the TSE:JBR Stock Forecast page.

James Bay Resources Wins Extension on CSE Price Protection for Equity Financing

James Bay Resources Limited has secured an extension of price protection from the Canadian Securities Exchange for its previously announced private placement of up to 17,500,000 common shares at $0.02 per share, for potential gross proceeds of up to $350,000. The company has already closed a first tranche raising $75,000 through the issuance of 3,750,000 shares, with all other terms of the financing unchanged and final completion still subject to exchange approval. Net proceeds are earmarked for working capital, and the new shares will be subject to a four‑month‑plus‑one‑day hold period, underscoring the company’s continued reliance on equity financing to support its operations and liquidity.

The most recent analyst rating on (TSE:JBR) stock is a Sell with a C$0.01 price target. To see the full list of analyst forecasts on James Bay Resources stock, see the TSE:JBR Stock Forecast page.

James Bay Resources Secures Litigation Funding Agreement

James Bay Resources Limited has entered into an agreement with 1001399076 Ontario Inc. to fund its ongoing US litigation claims against Wynn Resorts Ltd. and John Armstrong. Under this agreement, 1001 will provide the necessary funding in exchange for 80% of any settlement proceeds, while James Bay retains 20%. This arrangement aims to strengthen James Bay’s financial position by transferring litigation costs and risks, while maintaining a stake in potential favorable outcomes.

James Bay Resources Closes First Tranche of Private Placement

James Bay Resources Limited has announced the closing of the first tranche of its non-brokered private placement, raising CDN$75,000 through the issuance of 3,750,000 common shares. The proceeds will be used to fund working capital, and the shares will be subject to a regulatory hold period. This move is part of the company’s strategy to strengthen its financial position and support ongoing operations.

James Bay Resources Announces $350,000 Private Placement

James Bay Resources Limited has announced a non-brokered private placement to raise up to $350,000 through the issuance of 17,500,000 common shares at $0.02 per share. The proceeds will be used to fund working capital, with the offering expected to close by November 26, 2025. This move is aimed at strengthening the company’s financial position and supporting its operational needs.