North Arrow Minerals Inc (TSE:NAR)
:NAR
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North Arrow Minerals
(NAR)
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Rating:43Neutral
Price Target:
C$0.34
▲(12.67% Upside)
Action:Reiterated
Date:03/30/26
The score is held down primarily by weak financial performance (pre-revenue, persistent losses, and continued cash burn despite a clean balance sheet) and bearish/weak short-term technical momentum (below key short-term moving averages with negative MACD and low RSI). Valuation offers little support given negative earnings and no dividend yield data.
Positive Factors
Balance Sheet Strength
Zero reported debt and roughly $18.1M of equity give the company durable financial flexibility for an early-stage explorer. Minimal leverage reduces solvency risk, supports multi-month project advancement, and enables funding via equity or partner structures without immediate debt servicing constraints.
Negative Factors
Pre-revenue Operations
The company generates no operating revenue across all reported periods and remains pre-revenue. Without an operating revenue stream, North Arrow must rely on external capital to fund exploration, limiting self-sufficiency and exposing operations to capital-market cycles over the coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
Zero reported debt and roughly $18.1M of equity give the company durable financial flexibility for an early-stage explorer. Minimal leverage reduces solvency risk, supports multi-month project advancement, and enables funding via equity or partner structures without immediate debt servicing constraints.
Read all positive factors
North Arrow Minerals (NAR) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$12.19M
Dividend YieldN/A
Average Volume (3M)49.80K
Price to Earnings (P/E)―
Beta (1Y)1.13
Revenue GrowthN/A
EPS Growth-364.62%
CountryCA
Employees1
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.03
Shares Outstanding45,993,850
10 Day Avg. Volume52,284
30 Day Avg. Volume49,795
Financial Highlights & Ratios
PEG Ratio0.15
Price to Book (P/B)0.25
Price to Sales (P/S)0.00
P/FCF Ratio-4.70
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
North Arrow Minerals Business Overview & Revenue Model
Company Description
North Arrow Minerals Inc. is a Canadian company primarily engaged in the acquisition and exploration of diamond properties. Its significant diamond assets include the Naujaat and Mel projects in Nunavut. In Saskatchewan, the company controls the e...
How the Company Makes Money
null...
North Arrow Minerals Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
67
Positive
Cash Flow
29
Negative
| Breakdown | TTM | Jul 2025 | Jul 2024 | Jul 2022 | Apr 2021 | Apr 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -9.25K | -34.08K | -42.03K | -43.74K | -50.52K | -77.40K |
| EBITDA | -205.66K | -592.70K | -866.00K | -4.18M | -1.58M | -534.00K |
| Net Income | -981.77K | -626.77K | -908.00K | -4.24M | -1.70M | -628.00K |
Balance Sheet | ||||||
| Total Assets | 18.36M | 18.60M | 17.90M | 16.18M | 20.14M | 20.60M |
| Cash, Cash Equivalents and Short-Term Investments | 257.05K | 2.03M | 429.81K | 274.43K | 1.04M | 1.12M |
| Total Debt | 0.00 | 0.00 | 571.99K | 593.53K | 565.28K | 411.73K |
| Total Liabilities | 268.84K | 289.70K | 1.21M | 1.14M | 1.80M | 1.61M |
| Stockholders Equity | 18.10M | 18.31M | 16.69M | 15.04M | 18.33M | 18.99M |
Cash Flow | ||||||
| Free Cash Flow | -771.77K | -983.93K | -888.47K | -552.64K | -966.25K | -505.88K |
| Operating Cash Flow | -773.87K | -966.17K | -883.31K | -548.45K | -655.67K | -503.79K |
| Investing Cash Flow | -1.30M | 575.70K | -1.21M | -1.07M | -341.03K | 680.96K |
| Financing Cash Flow | 129.60K | 1.51M | 2.25M | 859.34K | 937.18K | 335.20K |
North Arrow Minerals Technical Analysis
Negative
0.30
Price Trends
0.30
Negative
0.33
Negative
0.27
Negative
Market Momentum
-0.02
Positive
39.95
Neutral
29.94
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NAR, the sentiment is Negative. The current price of 0.3 is above the 20-day moving average (MA) of 0.28, below the 50-day MA of 0.30, and above the 200-day MA of 0.27, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 39.95 is Neutral, neither overbought nor oversold. The STOCH value of 29.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:NAR.
North Arrow Minerals Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
50 Neutral | C$20.47M | 28.30 | 23.04% | ― | ― | ― | |
44 Neutral | C$4.81M | -14.82 | -40.98% | ― | ― | 77.51% | |
44 Neutral | C$5.70M | -11.47 | -399.61% | ― | ― | 95.54% | |
43 Neutral | C$12.19M | -7.13 | -9.59% | ― | ― | -364.62% | |
43 Neutral | C$4.96M | -3.17 | -604.93% | ― | ― | -156.73% |
* Basic Materials Sector Average
TSE:NAR
North Arrow Minerals
0.25
0.10
75.00%
TSE:GLD
GoldON Resources
0.07
0.03
82.50%
TSE:COCO
Coast Copper Corp
0.27
0.21
350.00%
TSE:MEX
Mexican Gold Corp
0.12
0.05
60.00%
TSE:PERU
Chakana Copper
0.13
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TSE:FAS
First Andes Silver
0.10
>-0.01
-5.00%
North Arrow Minerals Corporate Events
Business Operations and StrategyDelistings and Listing Changes
North Arrow Minerals Gains U.S. OTCID Listing to Broaden Investor Reach
Positive
Mar 27, 2026
North Arrow Minerals has commenced trading on the OTCID Basic Market in the U.S. under the symbol NHAWF, adding to its existing TSX-V listing. The OTCID platform, launched in 2025 and managed by OTC Markets Group, is a regulated base-level venue t...
Business Operations and Strategy
North Arrow Doubles Kraaipan Budget as 2026 Gold Exploration Ramps Up in Botswana
Positive
Mar 2, 2026
North Arrow Minerals has launched its 2026 exploration campaign at the Kraaipan Gold Project in southern Botswana, building on a 2025 reconnaissance program that outlined six gold-anomalous areas over the 45 km Kraaipan Greenstone Belt. The compan...
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.