New Break Resources Ltd. (TSE:NBRK)
:NBRK
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New Break Resources Ltd.
(NBRK)
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Rating:45Neutral
Price Target:
C$0.25
▼(-2.31% Downside)
Action:Reiterated
Date:05/15/26
The score is held down primarily by weak financial performance (no revenue, recurring losses, and continued cash burn) despite a debt-free balance sheet and stronger 2025 equity. Technicals are mixed/neutral and valuation is constrained by negative earnings and no dividend support.
Positive Factors
Debt-free balance sheet
Maintaining zero debt materially reduces financial distress risk for an exploration-stage company. It preserves strategic optionality for funding exploration via equity or joint ventures rather than servicing debt, improving resilience across commodity cycles and lengthening runway absent near-term revenue.
Negative Factors
Pre-revenue business model
As an early‑stage gold explorer with no revenue, the firm lacks operating cash inflows and must rely on capital markets or partnerships to fund exploration. This structural absence of revenue extends the timeline to self‑sufficiency and raises execution risk before any mine‑level economics can be demonstrated.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Maintaining zero debt materially reduces financial distress risk for an exploration-stage company. It preserves strategic optionality for funding exploration via equity or joint ventures rather than servicing debt, improving resilience across commodity cycles and lengthening runway absent near-term revenue.
Read all positive factors
New Break Resources Ltd. (NBRK) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$18.00M
Dividend YieldN/A
Average Volume (3M)131.39K
Price to Earnings (P/E)―
Beta (1Y)1.95
Revenue GrowthN/A
EPS Growth58.33%
CountryCA
Employees3
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding62,074,650
10 Day Avg. Volume84,021
30 Day Avg. Volume131,389
Financial Highlights & Ratios
PEG Ratio0.68
Price to Book (P/B)4.94
Price to Sales (P/S)0.00
P/FCF Ratio-16.00
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
New Break Resources Ltd. Business Overview & Revenue Model
Company Description
New Break Resources Ltd. operates as a mineral exploration and development company in Canada. It primarily explores for gold projects. The company holds a 100% interest in the Moray gold project consisting of 14 contiguous mining claims covering a...
How the Company Makes Money
null...
New Break Resources Ltd. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
52
Neutral
Cash Flow
26
Negative
| Breakdown | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -2.38M | -795.33K | -1.03M | -956.93K | -820.58K |
| Net Income | -791.13K | -809.23K | -1.03M | -957.99K | -849.57K |
Balance Sheet | |||||
| Total Assets | 5.03M | 845.82K | 987.47K | 875.20K | 1.54M |
| Cash, Cash Equivalents and Short-Term Investments | 3.93M | 45.55K | 212.21K | 230.46K | 1.24M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 368.58K | 231.80K | 207.17K | 129.17K | 419.77K |
| Stockholders Equity | 4.66M | 614.02K | 780.30K | 746.03K | 1.12M |
Cash Flow | |||||
| Free Cash Flow | -1.44M | -817.61K | -908.37K | -1.60M | -848.17K |
| Operating Cash Flow | -1.41M | -817.61K | -818.37K | -1.60M | -796.06K |
| Investing Cash Flow | -23.09K | 0.00 | -90.00K | 0.00 | -52.11K |
| Financing Cash Flow | 4.01M | 642.95K | 890.11K | 595.25K | 1.94M |
New Break Resources Ltd. Technical Analysis
Negative
0.26
Price Trends
0.33
Negative
0.30
Negative
0.26
Negative
Market Momentum
-0.01
Positive
33.73
Neutral
26.08
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NBRK, the sentiment is Negative. The current price of 0.26 is below the 20-day moving average (MA) of 0.34, below the 50-day MA of 0.33, and below the 200-day MA of 0.26, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 33.73 is Neutral, neither overbought nor oversold. The STOCH value of 26.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:NBRK.
New Break Resources Ltd. 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$25.73M | -8.84 | -5.89% | ― | ― | -392.68% | |
46 Neutral | C$20.95M | -6.31 | 405.04% | ― | ― | -11.75% | |
45 Neutral | C$18.00M | -4.91 | 13.19% | ― | ― | 58.33% | |
44 Neutral | C$15.62M | -11.30 | -88.09% | ― | ― | -30.85% | |
43 Neutral | C$15.02M | -2.41 | -39.32% | ― | ― | -375.56% |
* Basic Materials Sector Average
TSE:NBRK
New Break Resources Ltd.
0.25
0.19
308.33%
TSE:KORE
Kore Mining Ltd
0.23
0.06
31.43%
TSE:PMC
Peloton Minerals
0.10
0.02
18.75%
TSE:RDU
Radius Gold
0.15
0.03
31.82%
TSE:PINN
Pinnacle Silver and Gold
0.10
0.06
137.50%
TSE:SXTY
Sixty North Gold Mining
0.36
0.26
260.00%
New Break Resources Ltd. Corporate Events
Business Operations and StrategyDelistings and Listing Changes
New Break Resources Begins OTCQB Trading to Expand U.S. and European Investor Access
Positive
Mar 25, 2026
New Break Resources Ltd. has begun trading its common shares on the OTCQB Venture Market in the United States under the ticker NBRKF, while maintaining listings on the Canadian Securities Exchange and the Frankfurt Stock Exchange. The company aims...
Business Operations and StrategyPrivate Placements and Financing
New Break Secures $200,000 Ontario Grant for Moray Gold Project
Positive
Mar 19, 2026
New Break Resources Ltd. has received a $200,000 grant under Ontario’s 2025-2026 Ontario Junior Exploration Program to support its Moray gold project, one of 68 projects sharing a $10 million provincial investment. The funding reimburses hal...
Business Operations and StrategyDelistings and Listing Changes
New Break Cross-Lists in Frankfurt After Moray Gold Discovery
Positive
Mar 16, 2026
New Break Resources has cross-listed its common shares on the Frankfurt Stock Exchange in Germany under the symbol O91, while maintaining its primary Canadian listing on the CSE under NBRK, aiming to tap into one of Europe’s largest and most...
Business Operations and StrategyDelistings and Listing Changes
New Break widens investor reach with Frankfurt listing after Moray gold discovery
Positive
Mar 16, 2026
New Break Resources Ltd., a Canadian mineral exploration company focused on the Moray gold project in northeastern Ontario, has expanded its capital markets footprint with a cross-listing on the Frankfurt Stock Exchange under the symbol O91. The c...
Business Operations and StrategyRegulatory Filings and Compliance
New Break Expands Moray Land Package and Reports Visible Gold in 2026 Drilling
Positive
Feb 23, 2026
New Break Resources has moved to consolidate its land position at the Moray gold project by acquiring four single-cell mineral claims totaling about 86 hectares in English and Zavitz Townships. The claims, which host historical gold showings inclu...
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.