Midland Exploration (MD) AI Stock Analysis

• Market Cap: C$49.43M
• Dividend Yield: N/A
• Average Volume (3M): 81.14K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.44
• Revenue Growth: -15.63%
• EPS Growth: 2.65%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 107,450,580
• 10 Day Avg. Volume: 102,239
• 30 Day Avg. Volume: 81,143
• PEG Ratio: 0.00
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: 44 Neutral
• Price Target: C$0.44 ▼(-4.13% Downside)

Midland Exploration's overall stock score is primarily impacted by its poor financial performance, characterized by significant losses and liquidity issues. Technical analysis provides some stability, but bearish momentum is a concern. The valuation is unattractive due to a negative P/E ratio and lack of dividend yield.

Positive Factors

Low Leverage

Low leverage provides Midland Exploration with financial flexibility, reducing the risk of financial distress and allowing for potential future investments without significant debt burden.

Strategic Partnerships

Strategic partnerships with larger mining firms provide Midland with essential resources and funding, enhancing its exploration capabilities and potential for successful project development.

Sustainable Practices

Commitment to sustainable practices positions Midland favorably in an industry increasingly focused on environmental responsibility, potentially attracting eco-conscious investors and partners.

Negative Factors

Negative Profitability

Persistent negative profitability metrics indicate ongoing operational inefficiencies, which may hinder Midland's ability to generate shareholder value and sustain operations long-term.

Severe Liquidity Issues

Severe liquidity issues limit Midland's ability to fund operations and invest in growth opportunities, posing a significant risk to its financial stability and operational continuity.

Declining Revenue Growth

Declining revenue growth suggests challenges in maintaining market position and competitiveness, potentially impacting future profitability and strategic initiatives.

Midland Exploration Business Overview & Revenue Model

Company Description

Midland Exploration (MD) is a Canadian mining exploration company focused on the discovery and development of mineral resources in Quebec and Ontario. The company specializes in gold, copper, and other base metals, leveraging advanced geological techniques and strategic partnerships to identify and evaluate potential mining sites. Midland Exploration is committed to sustainable practices and aims to deliver value to its shareholders through innovative exploration projects and efficient resource management.

How the Company Makes Money

Midland Exploration generates revenue primarily through the exploration and development of mineral properties, which may eventually lead to partnerships or joint ventures with larger mining companies. The company often enters into option agreements, where it allows other companies to earn an interest in its projects by funding exploration and development costs. Additionally, Midland may benefit from government grants or tax incentives related to mineral exploration. Revenue may also come from the sale of mineral rights or royalties from production if any of its projects advance to the mining stage. Key partnerships with established mining firms enhance its capabilities and provide access to additional funding and resources, further contributing to its revenue streams.

Midland Exploration Financial Statement Overview

Summary

Midland Exploration is facing substantial financial challenges. Despite revenue growth, the company has significant losses with negative profitability metrics and severe liquidity issues. The low leverage is a positive aspect, but the inability to generate profits and cash flow is a critical issue.

Income Statement

Midland Exploration's income statement reveals significant challenges. Despite a 9.28% revenue growth in the latest year, the company continues to face substantial losses, with a net profit margin of -1291.73% and negative EBIT and EBITDA margins. The consistent negative profitability metrics highlight ongoing operational inefficiencies and cost management issues.

Balance Sheet

The balance sheet shows a relatively stable financial position with a low debt-to-equity ratio of 0.0058, indicating low leverage. However, the return on equity is negative, reflecting the company's inability to generate profits from shareholders' equity. The equity ratio is strong, suggesting a solid capital structure, but profitability remains a concern.

Cash Flow

Cash flow analysis indicates severe liquidity issues, with negative operating and free cash flows. The free cash flow growth rate is -50.28%, and the operating cash flow to net income ratio is negative, underscoring the company's struggle to convert its operations into cash. This poses a significant risk to financial stability.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	164.49K	164.49K	194.95K	314.97K	210.41K	202.22K
Gross Profit	134.81K	134.81K	165.06K	285.08K	180.52K	172.33K
EBITDA	-2.51M	-2.51M	-1.91M	-1.52M	-1.55M	-1.59M
Net Income	-2.12M	-2.12M	-1.95M	-1.11M	-1.90M	-1.02M
Balance Sheet
Total Assets	46.79M	46.79M	41.22M	41.66M	39.22M	39.92M
Cash, Cash Equivalents and Short-Term Investments	8.56M	8.56M	4.78M	4.96M	6.41M	7.43M
Total Debt	258.52K	258.52K	16.61K	51.11K	82.41K	110.75K
Total Liabilities	2.26M	2.26M	1.70M	1.88M	921.93K	1.57M
Stockholders Equity	44.53M	44.53M	39.52M	39.78M	38.29M	38.34M
Cash Flow
Free Cash Flow	-3.93M	-2.34M	-4.52M	-4.64M	-5.32M	-6.84M
Operating Cash Flow	-2.34M	-2.34M	-1.60M	-464.72K	-1.19M	-1.20M
Investing Cash Flow	-5.81M	-5.81M	-1.75M	-2.37M	-995.64K	-834.91K
Financing Cash Flow	8.43M	8.43M	2.48M	3.39M	2.59M	2.22M

Midland Exploration Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.46
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MD, the sentiment is Positive. The current price of 0.46 is above the 20-day moving average (MA) of 0.46, below the 50-day MA of 0.46, and above the 200-day MA of 0.39, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 51.17 is Neutral, neither overbought nor oversold. The STOCH value of 38.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:MD.

Midland 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%
GMA	59 Neutral	C$55.04M	-20.67	-102.86%	―	-100.00%	-33.58%
QZM	46 Neutral	C$54.26M	-13.01	-124.66%	―	―	-32.14%
MD	44 Neutral	C$49.43M	-20.91	-5.05%	―	-15.63%	2.65%
ESK	44 Neutral	C$50.37M	-19.57	-50.65%	―	―	62.70%
FT	36 Underperform	C$49.72M	-8.33	―	―	―	-82.14%

Midland Exploration Corporate Events

Midland Exploration Uncovers New Gold Deposits at Caniapisc Au Project

Midland Exploration Inc. announced successful findings from its September exploration program at the Caniapisc Au project, revealing new gold-bearing boulders with a maximum value of 24.5 g/t Au. The program included geological mapping, prospecting, and a geophysical survey, with significant gold values found in several samples. These results enhance the project’s potential and guide future exploration efforts, underscoring the strategic importance of the Raynouard Complex’s mineral-rich geology.

The most recent analyst rating on (TSE:MD) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Midland Exploration stock, see the TSE:MD Stock Forecast page.

Midland Exploration Resumes Work on Promising Jouvex Gold Project

Midland Exploration Inc. has resumed work on its Jouvex gold project, located northwest of the Douay gold deposit in Abitibi. The company is conducting an induced polarization survey to refine drilling targets identified through previous magnetic surveys. This exploration aims to investigate a new potentially gold-bearing target in the south part of the property, which has shown promising geological features similar to those found in the Douay deposit. The upcoming winter diamond drilling campaign is expected to further assess the potential for gold-bearing syenite intrusions, with permit applications already in process.

The most recent analyst rating on (TSE:MD) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Midland Exploration stock, see the TSE:MD Stock Forecast page.

Midland and SOQUEM Discover New Copper-Gold-REE Zone in Labrador Trough

Midland Exploration Inc., in partnership with SOQUEM Inc., has announced the discovery of a new mineralized zone containing copper, gold, and rare earth elements in the Labrador Trough. This discovery, which includes high-grade samples of copper and gold, has led to the acquisition of 36 exclusive exploration rights over a 17.4 km² area named Malaco Mountain. The find enhances the potential for copper, gold, and REE in the region and represents a significant development in the ongoing exploration efforts under the strategic alliance between Midland and SOQUEM.

The most recent analyst rating on (TSE:MD) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Midland Exploration stock, see the TSE:MD Stock Forecast page.

Midland Exploration Advances Gold-Zinc-Silver Discoveries with New Projects

Midland Exploration has initiated a follow-up exploration program on its recent discovery of gold, zinc, and silver mineralization at the Caniapisc Au project. This program includes geological mapping, prospecting, and soil sampling to further investigate the identified mineralized boulders and anomalies. Additionally, Midland has designated two new projects, Lac Bernard and Viau, in the same area, which show promising mineral signatures. The ongoing efforts aim to refine exploration targets and enhance the company’s resource base, potentially strengthening its market position and offering new opportunities for stakeholders.

The most recent analyst rating on (TSE:MD) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Midland Exploration stock, see the TSE:MD Stock Forecast page.

Midland Exploration Unveils Major Gold-Zinc-Silver Discovery at Caniapisc Au Project

Midland Exploration Inc. has announced a significant discovery of a gold-zinc-silver mineralized system at its Caniapisc Au project in James Bay. This discovery, characterized by various metal assemblages and extensive anomalies, underscores the project’s potential and could enhance Midland’s position in the mineral exploration industry. The acquisition of new claims and promising sampling results suggest a fertile environment for further exploration, potentially benefiting stakeholders by increasing the company’s resource base and market valuation.

The most recent analyst rating on (TSE:MD) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Midland Exploration stock, see the TSE:MD Stock Forecast page.

Midland Exploration Launches New Exploration Program on Saruman Project

Midland Exploration Inc. has commenced an exploration program on its Saruman project, located in the Eeyou Istchee James Bay region, to investigate copper-gold-molybdenum-silver occurrences identified in 2024. The project, consisting of 121 claims over 64 square kilometers, revealed strong copper anomalies in a high-density lake sediment survey. Despite initial findings, the mineralization observed does not fully explain the extent of these anomalies, suggesting a potential Cu-Au-Mo-Ag system on the property. This exploration could significantly impact Midland’s operations and industry positioning by potentially uncovering valuable mineral resources in a relatively unexplored area.

The most recent analyst rating on (TSE:MD) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Midland Exploration stock, see the TSE:MD Stock Forecast page.