Metalex Ventures (MTX) AI Stock Analysis

• Market Cap: C$4.15M
• Dividend Yield: N/A
• Average Volume (3M): 466.69K
• Price to Earnings (P/E): 4.4
• Beta (1Y): 1.21
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Other Precious Metals
• EPS (TTM): 0.01
• Shares Outstanding: 276,447,900
• 10 Day Avg. Volume: 120,307
• 30 Day Avg. Volume: 466,695
• PEG Ratio: -0.10
• Price to Book (P/B): 0.92
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -18.73
• 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: 48 Neutral
• Price Target: C$0.02 ▼(-25.00% Downside)

The score is primarily held back by weak financial performance (no revenue, negative EBIT, and ongoing operating/free cash flow burn), only partly offset by a debt-free balance sheet. Technical signals are mixed with neutral momentum, while valuation looks optically cheap on P/E but is less reliable given weak cash-flow quality and limited operating visibility.

Positive Factors

Director Compensation Alignment

Aligning director compensation with company performance can improve governance and ensure that leadership is focused on long-term success.

Strategic Partnerships

Strategic partnerships with larger firms can enhance project development, providing expertise and funding that support long-term growth.

Strong Equity Position

A strong equity position and absence of debt reduce leverage risks, providing financial stability and flexibility for future growth.

Negative Factors

Operational Inefficiencies

Negative margins indicate inefficiencies in operations, which can impact profitability and require strategic improvements for sustainability.

Revenue Generation Issues

Consistent lack of revenue highlights challenges in monetizing assets, which could hinder long-term profitability and growth potential.

Negative Cash Flows

Persistent negative cash flows indicate operational inefficiencies and reliance on external financing, posing risks to financial health.

Metalex Ventures Business Overview & Revenue Model

Company Description

Metalex Ventures Ltd., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties primarily in Canada. The company primarily explores for kimberlite hosted diamond deposits. Its principal projects are the Kyle Lake and Attawapiskat projects located in Northern Ontario; and the Wemindji James Bay project in Quebec. Metalex Ventures Ltd. is headquartered in Kelowna, Canada.

How the Company Makes Money

Metalex Ventures makes money through the exploration and development of mineral properties, primarily focusing on diamonds and other precious and base metals. The company generates revenue by identifying and acquiring promising mineral assets, conducting exploration activities, and enhancing the value of these properties through detailed geological assessments and drilling programs. Revenue is primarily earned through the sale of mineral rights or the development of joint ventures with larger mining companies that have the capacity to bring the discovered deposits into production. Additionally, Metalex Ventures may earn income by licensing its exploration data or technologies to other companies in the mining sector. Strategic partnerships with established mining firms or financial investors can also provide funding and expertise, facilitating the advancement of projects and contributing to revenue generation.

Metalex Ventures Financial Statement Overview

Summary

Overall fundamentals are weak: no reported revenue, persistent negative operating cash flow and free cash flow, and negative EBIT (including 2025) despite net income turning positive. The main offset is a stronger balance sheet with zero debt and improving equity, which reduces near-term financial risk but does not fix ongoing cash burn.

Income Statement

The income statement shows no reported revenue across the periods provided, which limits visibility into operating momentum and makes profitability quality hard to assess. Results are volatile: net income swung from losses (2021–2024) to a positive figure in 2025, while EBIT remains negative in 2025 (and most years), suggesting the latest profitability is not coming from core operations. Overall, improving from 2024’s deep loss, but still weak operating performance and limited earnings durability.

Balance Sheet

The balance sheet is a relative strength with zero total debt reported, reducing financial risk and refinancing pressure. Equity is positive and growing most recently (2025 equity above 2024), and total assets also increased, indicating a stronger capital base. The main concern is historical instability (equity was negative in 2020 and return on equity has swung sharply between positive and negative), which points to an uneven track record despite low leverage today.

Cash Flow

Cash generation is consistently weak: operating cash flow and free cash flow are negative in every year shown, indicating ongoing cash burn. While cash outflow improved materially in 2025 versus 2024, free cash flow growth remains negative and the business is not yet self-funding. With net income turning positive in 2025 but cash flow still negative, earnings quality appears weak and execution risk remains elevated.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2021	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	0.00	0.00	-344.00	-458.00	-1.39K	-1.72K
EBITDA	-566.93K	429.09K	-3.04M	-1.33M	-1.12M	-1.81M
Net Income	-2.53M	429.09K	-2.57M	-1.22M	-1.01M	1.59M
Balance Sheet
Total Assets	6.49M	8.46M	6.58M	8.42M	5.62M	6.79M
Cash, Cash Equivalents and Short-Term Investments	1.21M	1.12M	422.11K	2.32M	2.26M	739.73K
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	3.12M	3.05M	2.40M	2.11M	2.03M	1.61M
Stockholders Equity	3.37M	5.41M	4.18M	6.31M	3.58M	5.19M
Cash Flow
Free Cash Flow	-149.58K	-266.85K	-2.39M	-520.27K	-903.90K	-1.80M
Operating Cash Flow	-149.58K	-266.85K	-2.39M	-520.27K	-889.32K	-1.78M
Investing Cash Flow	0.00	0.00	0.00	0.00	-14.58K	251.07K
Financing Cash Flow	962.80K	962.80K	488.12K	2.10M	2.89M	0.00

Metalex Ventures 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%
USHA	54 Neutral	C$6.44M	12.73	3.09%	―	―	―
ETF	52 Neutral	C$4.00M	-8.23	-29.79%	―	―	-47.06%
WLR	49 Neutral	C$2.93M	5.05	-871.21%	―	―	―
MTX	48 Neutral	C$4.15M	4.41	16.43%	―	―	―
DOS	45 Neutral	C$4.43M	-1.13	-71.01%	―	―	-1966.67%
GMC	25 Underperform	$3.48M	-0.68	―	―	―	-57.72%

Metalex Ventures Corporate Events

Metalex Ventures Grants Deferred Share Units to Directors

Metalex Ventures Ltd., a company listed on the TSX Venture Exchange, has announced the grant of 300,000 deferred share units (DSUs) to two independent directors as compensation for their services for the quarter ended October 31, 2025. This move, under the company’s Deferred Share Unit Plan, reflects Metalex’s strategy to align director compensation with company performance, potentially impacting shareholder value and director engagement.