James Bay Resources Ltd (TSE:JBR)
:JBR
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James Bay Resources
(JBR)
Select Model
Select Model
Rating:42Neutral
Price Target:
C$0.01
▼(-30.00% Downside)
Action:DowngradedDate:01/27/26
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.
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.
Read all positive and negative factors
Positive Factors
Negative 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.
Read all positive factors
James Bay Resources (JBR) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$1.62M
Dividend YieldN/A
Average Volume (3M)7.73K
Price to Earnings (P/E)―
Beta (1Y)-2.57
Revenue GrowthN/A
EPS Growth-101.11%
CountryCA
EmployeesN/A
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)-0.01
Shares Outstanding81,076,240
10 Day Avg. Volume900
30 Day Avg. Volume7,733
Financial Highlights & Ratios
PEG Ratio0.09
Price to Book (P/B)-1.12
Price to Sales (P/S)0.00
P/FCF Ratio-3.74
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
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 re...
James Bay Resources Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
10
Very Negative
Cash Flow
12
Very Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
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
Positive
0.02
Price Trends
0.01
Positive
0.01
Positive
0.01
Positive
Market Momentum
<0.01
Negative
55.98
Neutral
55.56
Neutral
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 0.02, above the 50-day MA of 0.01, and above the 200-day MA of 0.01, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 55.98 is Neutral, neither overbought nor oversold. The STOCH value of 55.56 is Neutral, 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
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
42 Neutral | C$1.62M | -0.48 | ― | ― | ― | -101.11% | |
41 Neutral | C$1.14M | -1.06 | 74.93% | ― | ― | -487.50% | |
| ― | C$1.60M | -0.13 | -22.03% | ― | ― | -282.92% | |
42 Neutral | C$861.49K | -0.11 | ― | ― | -12.38% | 61.63% |
* Energy Sector Average
TSE:JBR
James Bay Resources
0.02
0.00
0.00%
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0.03
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James Bay Resources Corporate Events
Private Placements and Financing
James Bay Resources Closes Second Tranche of Private Placement, Raises Total of $232,000
Positive
Jan 26, 2026
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...
Private Placements and Financing
James Bay Resources Raises $157,000 in Second Tranche of Private Placement
Neutral
Jan 23, 2026
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 firs...
Private Placements and Financing
James Bay Resources Wins Extension on CSE Price Protection for Equity Financing
Neutral
Jan 6, 2026
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 ...
Legal ProceedingsPrivate Placements and Financing
James Bay Resources Secures Litigation Funding Agreement
Neutral
Dec 16, 2025
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...
Business Operations and StrategyPrivate Placements and Financing
James Bay Resources Closes First Tranche of Private Placement
Neutral
Nov 18, 2025
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...
Private Placements and Financing
James Bay Resources Announces $350,000 Private Placement
Positive
Oct 28, 2025
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 t...
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.