Metallis Resources Inc (TSE:MTS)
:MTS
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Metallis Resources
(MTS)
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Rating:46Neutral
Price Target:
C$0.15
▼(-20.00% Downside)
Action:Reiterated
Date:05/31/26
The score is primarily constrained by weak financial performance—no revenue, widening losses, and ongoing cash burn—despite modest current leverage. Technicals add a slight headwind due to price trading below key moving averages, while valuation is also pressured because losses drive a negative P/E and there is no dividend support.
Positive Factors
Modest Leverage
Low reported debt relative to equity and assets exceeding liabilities reduce near-term solvency risk for an exploration company. This structural balance-sheet strength gives management more flexibility to pursue option/JV deals or staged spending before needing immediate debt financing.
Negative Factors
Persistent Cash Burn
Operating cash flow has deteriorated materially year-over-year, showing sustained negative cash generation. This structural cash burn forces reliance on external financing, limits the ability to execute multiple programs concurrently, and increases the probability of dilutive capital raises if spending continues.
Read all positive and negative factors
Positive Factors
Negative Factors
Modest Leverage
Low reported debt relative to equity and assets exceeding liabilities reduce near-term solvency risk for an exploration company. This structural balance-sheet strength gives management more flexibility to pursue option/JV deals or staged spending before needing immediate debt financing.
Read all positive factors
Metallis Resources (MTS) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$13.95M
Dividend YieldN/A
Average Volume (3M)123.89K
Price to Earnings (P/E)―
Beta (1Y)1.32
Revenue GrowthN/A
EPS Growth-110.37%
CountryCA
Employees5
SectorGeneral
Sector StrengthN/A
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.02
Shares Outstanding92,992,500
10 Day Avg. Volume63,311
30 Day Avg. Volume123,889
Financial Highlights & Ratios
PEG Ratio-0.11
Price to Book (P/B)271.38
Price to Sales (P/S)0.00
P/FCF Ratio-7.92
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
Metallis Resources Business Overview & Revenue Model
Company Description
Metallis Resources Inc. is a Canadian mineral exploration and development company primarily focused on identifying deposits of gold, copper, nickel, and silver across Canada. A cornerstone asset is the wholly-owned Kirkham property, which consists...
How the Company Makes Money
Metallis Resources does not operate producing mines, so it generally does not generate recurring revenue from mineral sales. Instead, its economic model is typical of an exploration-stage issuer: it seeks to create value by advancing exploration p...
Metallis Resources Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
46
Neutral
Cash Flow
18
Very Negative
| Breakdown | Mar 2026 | Mar 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -17.33K | -18.63K | -19.36K | -21.04K | -22.89K |
| EBITDA | -2.09M | -1.01M | -606.98K | -2.19M | -1.62M |
| Net Income | -2.10M | -1.04M | -660.83K | -736.35K | -1.65M |
Balance Sheet | |||||
| Total Assets | 300.94K | 557.97K | 109.57K | 15.01M | 13.77M |
| Cash, Cash Equivalents and Short-Term Investments | 147.22K | 518.30K | 35.82K | 578.52K | 800.79K |
| Total Debt | 87.69K | 20.50K | 57.89K | 91.11K | 19.92K |
| Total Liabilities | 242.94K | 91.29K | 195.50K | 258.82K | 68.23K |
| Stockholders Equity | 58.01K | 466.69K | -85.93K | 14.75M | 13.70M |
Cash Flow | |||||
| Free Cash Flow | -1.99M | -981.63K | -621.52K | -2.08M | -5.36M |
| Operating Cash Flow | -1.99M | -981.63K | -610.30K | -708.85K | -1.27M |
| Investing Cash Flow | 18.61K | 20.59K | 119.31K | -1.16M | -3.99M |
| Financing Cash Flow | 1.60M | 1.44M | -40.50K | 1.65M | 3.77M |
Metallis Resources Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
57 Neutral | C$22.98M | 12.91 | 3.69% | ― | 93.19% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | C$15.01M | -12.82 | ― | ― | ― | ― | |
49 Neutral | C$17.48M | -13.94 | -110.71% | ― | ― | 95.88% | |
46 Neutral | C$13.95M | -5.42 | -92.01% | ― | ― | -110.37% | |
45 Neutral | C$39.39M | -973.61 | -0.37% | ― | ― | 96.36% |
* General Sector Average
TSE:MTS
Metallis Resources
0.15
-0.03
-16.67%
TSE:EPL
Eagle Plains Resources
0.20
0.07
48.15%
TSE:GGI
Garibaldi Resources
0.12
0.05
64.29%
TSE:TGOL
Thunder Gold
0.14
0.09
154.55%
TSE:AUME
Kintavar Exploration Inc.
0.06
0.05
300.00%
Metallis Resources Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Metallis Clarifies Finder Fees on $1.26 Million Private Placement
Positive
Mar 13, 2026
Metallis Resources Inc. has clarified that, in connection with its recently closed $1,262,000 private placement financing, it paid aggregate cash finders’ fees of $7,280 to eligible intermediaries. All other terms of the financing remain unc...
Business Operations and StrategyExecutive/Board ChangesPrivate Placements and Financing
Metallis Resources Raises $1.26 Million and Names New Exploration Chief
Positive
Mar 10, 2026
Metallis Resources has closed a $1.26 million non-brokered private placement, issuing 4,762,500 non-flow-through units and 2,500,000 flow-through shares to fund exploration and corporate purposes. Flow-through proceeds will support qualifying work...
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.