Morien Resources Corp (TSE:MOX)
:MOX
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Morien Resources
(MOX)
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Rating:50Neutral
Price Target:
C$0.19
▼(-13.64% Downside)
Action:ReiteratedDate:03/13/26
The score is held down primarily by weak financial performance (volatile revenue, persistent losses, and renewed cash burn), with limited valuation support due to negative earnings. Technicals provide the main offset, showing improving near-term momentum and price strength versus key moving averages, while the debt-free balance sheet reduces financial risk but does not overcome weak operating results.
Positive Factors
Royalties business model
A pure-royalty model reduces capital intensity and operating risk because Morien does not run mines. Over 2–6 months this structure preserves optionality, limits capex and operating liabilities, and can scale revenue if operators bring projects into sustained production.
Negative Factors
Volatile, declining revenue and widening losses
Sustained volatility and recent steep revenue declines impair the company's ability to generate predictable royalty income. Persistent and widening losses prevent reinvestment and compounding of equity, making stable growth unlikely absent renewed, sustained production from operators.
Read all positive and negative factors
Positive Factors
Negative Factors
Royalties business model
A pure-royalty model reduces capital intensity and operating risk because Morien does not run mines. Over 2–6 months this structure preserves optionality, limits capex and operating liabilities, and can scale revenue if operators bring projects into sustained production.
Read all positive factors
Morien Resources (MOX) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$12.04M
Dividend YieldN/A
Average Volume (3M)34.46K
Price to Earnings (P/E)―
Beta (1Y)1.20
Revenue Growth-72.47%
EPS Growth11.67%
CountryCA
Employees6
SectorEnergy
Sector Strength52
IndustryCoal
Share Statistics
EPS (TTM)0.00
Shares Outstanding60,180,890
10 Day Avg. Volume38,400
30 Day Avg. Volume34,463
Financial Highlights & Ratios
PEG Ratio1.83
Price to Book (P/B)9.37
Price to Sales (P/S)546.80
P/FCF Ratio-23.06
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
Morien Resources Business Overview & Revenue Model
Company Description
Morien Resources Corp., a mining development company, engages in the identification and purchase of mineral projects in Canada. The company holds royalty interests in the Donkin coal mine located in Cape Breton, Nova Scotia; and the Black Point ag...
How the Company Makes Money
Morien makes money primarily by collecting royalties from mineral production and sales at projects operated by third parties. Its key revenue stream is a royalty interest in the Donkin Coal Project in Nova Scotia, where Morien is entitled to royal...
Morien Resources Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
27
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 22.67K | 82.37K | 962.28K | 173.25K | 60.78K |
| Gross Profit | 22.67K | 82.37K | 962.28K | 173.25K | 60.78K |
| EBITDA | -826.20K | -878.29K | -375.82K | 0.00 | 0.00 |
| Net Income | -542.89K | -613.20K | -307.69K | -545.12K | -364.87K |
Balance Sheet | |||||
| Total Assets | 2.91M | 1.21M | 1.47M | 1.48M | 2.36M |
| Cash, Cash Equivalents and Short-Term Investments | 2.16M | 1.07M | 1.38M | 1.26M | 2.32M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 1.59M | 946.72K | 815.07K | 697.20K | 566.36K |
| Stockholders Equity | 1.32M | 267.70K | 651.25K | 787.25K | 1.79M |
Cash Flow | |||||
| Free Cash Flow | -537.59K | -487.64K | 391.06K | -694.25K | -396.44K |
| Operating Cash Flow | -537.59K | -487.64K | 391.06K | -694.25K | -396.44K |
| Investing Cash Flow | 293.32K | 590.93K | 20.29K | 132.84K | 157.00 |
| Financing Cash Flow | 1.55M | 0.00 | -313.85K | -456.38K | -118.58K |
Morien Resources Technical Analysis
Neutral
0.22
Price Trends
0.22
Positive
0.22
Positive
0.25
Negative
Market Momentum
>-0.01
Positive
48.88
Neutral
61.11
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MOX, the sentiment is Neutral. The current price of 0.22 is below the 20-day moving average (MA) of 0.22, above the 50-day MA of 0.22, and below the 200-day MA of 0.25, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 48.88 is Neutral, neither overbought nor oversold. The STOCH value of 61.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:MOX.
Morien Resources Peers Comparison
UnderperformOutperform
Sector (65)
TSE:MOX
Morien Resources
0.20
-0.14
-41.18%
TSE:CAD
Colonial Coal International
2.68
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45.65%
TSE:ENDR
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0.17
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17.24%
TSE:EOX
Euromax Resources
0.03
0.02
200.00%
TSE:AUQ
AuQ Gold Mining
0.45
0.18
66.67%
TSE:QQQ
Questcorp Mining, Inc.
0.13
-0.08
-37.50%
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.