Pasinex Resources Limited (TSE:PSE)
:PSE
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Pasinex Resources
(PSE)
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Rating:43Neutral
Price Target:
C$0.09
▲(8.75% Upside)
Action:Reiterated
Date:05/15/26
The score is held down primarily by weak financial performance—ongoing losses, persistent cash burn, and a fragile balance sheet with meaningful debt versus thin equity. Technical indicators are roughly neutral and do not offset the fundamental weakness, while valuation is constrained by a negative P/E and no dividend yield data.
Positive Factors
Operating Asset Exposure
Direct economic interest in the Horzum high-grade zinc mine gives Pasinex an operating asset that can generate recurring ore sales and cash flow when producing. Ownership of a producing mine is a durable revenue source tied to production volumes and recoverable grades rather than speculative exploration.
Negative Factors
Persistent Cash Burn
Consecutive years of materially negative operating and free cash flow (2024–2025) show ongoing cash burn that erodes liquidity and requires external financing or asset monetization. This structural cash outflow reduces resilience to commodity cycles and restricts capital for sustaining or expanding operations.
Read all positive and negative factors
Positive Factors
Negative Factors
Operating Asset Exposure
Direct economic interest in the Horzum high-grade zinc mine gives Pasinex an operating asset that can generate recurring ore sales and cash flow when producing. Ownership of a producing mine is a durable revenue source tied to production volumes and recoverable grades rather than speculative exploration.
Read all positive factors
Pasinex Resources (PSE) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$18.43M
Dividend YieldN/A
Average Volume (3M)74.51K
Price to Earnings (P/E)―
Beta (1Y)-1.24
Revenue GrowthN/A
EPS Growth6.56%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.02
Shares Outstanding204,813,870
10 Day Avg. Volume59,040
30 Day Avg. Volume74,513
Financial Highlights & Ratios
PEG Ratio1.75
Price to Book (P/B)20.24
Price to Sales (P/S)0.00
P/FCF Ratio-8.90
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
Pasinex Resources Business Overview & Revenue Model
Company Description
Pasinex Resources Limited engages in the acquisition, exploration, and development of mineral properties. It explores for zinc, lead, silver, and copper deposits. The company holds a 50% interest in the Pinargozu zinc mine; and the Akkaya property...
How the Company Makes Money
Pasinex makes money primarily through its economic interest in zinc/lead mining operations, most notably its participation in the Horzum zinc mine in Turkey. The company generates revenue by producing ore (and/or mineral products derived from that...
Pasinex Resources Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
25
Negative
Cash Flow
18
Very Negative
| Breakdown | Dec 2025 | Jun 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | -1.91K | -2.16K | 0.00 |
| EBITDA | -2.35M | -2.62M | -2.05M | -1.73M | -1.14M |
| Net Income | -2.97M | -2.65M | -310.00K | 2.04M | -130.00K |
Balance Sheet | |||||
| Total Assets | 7.55M | 3.56M | 3.02M | 4.08M | 2.87M |
| Cash, Cash Equivalents and Short-Term Investments | 562.13K | 542.01K | 177.28K | 855.57K | 100.03K |
| Total Debt | 3.35M | 4.28M | 2.53M | 2.44M | 2.93M |
| Total Liabilities | 6.84M | 4.90M | 2.98M | 3.56M | 3.99M |
| Stockholders Equity | 700.43K | -1.34M | 47.97K | 517.17K | -1.12M |
Cash Flow | |||||
| Free Cash Flow | -1.59M | -1.56M | -556.22K | 1.84M | -509.64K |
| Operating Cash Flow | -1.58M | -1.55M | -554.40K | 1.84M | -480.03K |
| Investing Cash Flow | -1.12M | -1.70K | -1.82K | -2.04K | -29.61K |
| Financing Cash Flow | 3.11M | 1.58M | -50.00K | -634.62K | 580.00K |
Pasinex Resources Technical Analysis
Negative
0.08
Price Trends
0.10
Negative
0.10
Negative
0.09
Negative
Market Momentum
>-0.01
Positive
46.75
Neutral
36.11
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:PSE, the sentiment is Negative. The current price of 0.08 is below the 20-day moving average (MA) of 0.09, below the 50-day MA of 0.10, and below the 200-day MA of 0.09, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 46.75 is Neutral, neither overbought nor oversold. The STOCH value of 36.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:PSE.
Pasinex Resources 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% | |
57 Neutral | C$24.13M | 13.23 | 3.69% | ― | 93.19% | ― | |
52 Neutral | C$25.62M | -80.47 | -19.47% | ― | ― | 75.12% | |
49 Neutral | C$27.96M | -27.18 | -7.03% | ― | ― | 75.84% | |
43 Neutral | C$18.43M | -6.04 | 353.04% | ― | ― | 6.56% | |
42 Neutral | C$22.58M | -16.55 | -58.92% | ― | ― | 38.32% | |
41 Neutral | C$15.17M | -13.09 | -6.20% | ― | ― | -15.68% |
* Basic Materials Sector Average
TSE:PSE
Pasinex Resources
0.09
0.03
50.00%
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Eagle Plains Resources
0.21
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TSE:SMY
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0.34
0.14
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TSE:SRA
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0.65
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400.00%
TSE:MN
Manganese X Energy Corp
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TSE:STE
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0.49
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21.25%
Pasinex Resources Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Pasinex Raises C$1.6 Million in Oversubscribed Financing to Advance Turkish Zinc Projects
Positive
Mar 27, 2026
Pasinex Resources has closed the first tranche of an over-subscribed non-brokered private placement, raising C$1.613 million through the issuance of 16.27 million units priced at C$0.10, each comprising one share and a half warrant. The financing,...
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.