James Bay Resources (JBR) AI Stock Analysis

• Market Cap: C$1.22M
• Dividend Yield: N/A
• Average Volume (3M): 7.73K
• Price to Earnings (P/E): ―
• Beta (1Y): -1.11
• 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 primarily driven down by very weak financial performance (no revenue, persistent losses, negative equity, and negative operating/free cash flow in recent years). Technical signals are only modestly supportive and do not outweigh the fundamental risk, while valuation metrics are unfavorable due to a negative P/E and no dividend yield.

Positive Factors

Industry Exposure

Exposure to the oil & gas E&P sector is a durable structural factor: sustained global energy demand and cyclical commodity price recoveries can materially improve project economics and cash generation for exploration-focused firms over a multi‑month to multi‑year horizon.

Historical Cash Generation

The company produced positive operating and free cash flow in 2020–2021, demonstrating that its assets and activities can generate cash under favorable conditions. This suggests potential to return to self‑funding if operational performance or commodity prices improve sustainably.

Episodes of Lower Leverage

Prior periods of positive equity and lower leverage indicate the balance sheet can improve when earnings and cash flow recover. This historical pattern implies the company has structural capacity to deleverage in stronger cycles, supporting long‑term solvency prospects if performance rebounds.

Negative Factors

No Revenue

Reporting zero revenue across the provided periods is a fundamental weakness: without consistent top‑line generation the business lacks operational scale, cannot demonstrate sustainable cash conversion from sales, and remains highly dependent on non‑operating financing to fund activities.

Negative Equity / Weak Balance Sheet

Negative shareholders' equity in recent years signals capital erosion and raises solvency risk. This structural balance sheet weakness constrains borrowing capacity, increases refinancing risk, and limits the firm's ability to fund exploration, development, or absorb prolonged low commodity prices.

Persistent Cash Burn

Operating and free cash flows have been negative since 2022, indicating renewed cash burn. Persistent negative cash generation forces reliance on external capital, which can be dilutive or costly, undermining the company’s ability to invest in projects or sustain operations over the medium term.

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

James Bay Resources is facing severe financial distress, characterized by no revenue generation, persistent losses, and overwhelming liabilities compared to its assets. The financial statements suggest the company is in a precarious position, with significant challenges to achieving profitability and stability in the near term.

Income Statement

James Bay Resources shows significant financial challenges with no revenue generation over recent periods. The company has consistently reported negative net income and EBIT margins, indicating ongoing operational losses. The lack of revenue growth further highlights the critical state of the income statement.

Balance Sheet

The balance sheet reflects a high-risk financial position with negative stockholders' equity, indicating insolvency. The company has a high debt load relative to its assets, as evidenced by a negative equity ratio, which poses significant financial instability and risk.

Cash Flow

The cash flow statement reveals persistent negative free cash flow, suggesting ongoing operational cash burn. Despite this, some improvement in cash flow deficits is noted over time. However, the overall cash flow position remains weak, reflecting the company's struggle to generate positive cash from operations.

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	-48.85K	-54.80K	-54.66K	-38.88K	-7.00K	-9.62K
EBITDA	-539.98K	-853.00K	-721.00K	-1.96M	2.99M	-243.38K
Net Income	-890.67K	-976.00K	-1.03M	-2.33M	2.08M	-1.91M
Balance Sheet
Total Assets	188.22K	58.32K	461.57K	1.57M	3.65M	185.36K
Cash, Cash Equivalents and Short-Term Investments	4.03K	3.37K	358.26K	1.42M	30.52K	55.66K
Total Debt	1.38M	829.13K	575.60K	632.76K	315.32K	365.20K
Total Liabilities	2.05M	1.51M	960.61K	1.94M	1.74M	1.26M
Stockholders Equity	-1.86M	-1.45M	-499.04K	-369.80K	1.90M	-1.08M
Cash Flow
Free Cash Flow	-301.51K	-434.08K	-983.32K	-753.77K	306.05K	44.93K
Operating Cash Flow	-301.51K	-434.08K	-983.32K	-753.77K	306.05K	44.93K
Investing Cash Flow	44.99K	158.66K	845.97K	562.72K	-630.74K	-411.99K
Financing Cash Flow	249.73K	261.02K	148.82K	166.82K	299.54K	406.74K

James Bay Resources Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.02
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:JBR, the sentiment is Positive. 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 0.02, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 57.71 is Neutral, neither overbought nor oversold. The STOCH value of 133.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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$1.22M	-0.83	―	―	―	-101.11%
VIK	42 Neutral	C$1.13M	-0.17	―	―	-12.38%	61.63%
IFR	41 Neutral	C$1.33M	-0.93	68.89%	―	―	-487.50%
BARK	34 Underperform	C$1.93M	-0.15	-22.03%	―	―	-282.92%
SHP	24 Underperform	C$1.27M	-2.40	―	―	―	―

James Bay Resources Corporate Events

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.