Pasinex Resources Limited (TSE:PSE)
:PSE
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Pasinex Resources
(PSE)
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Rating:48Neutral
Price Target:
C$0.09
▲(17.50% Upside)
Action:ReiteratedDate:02/19/26
The score is held down primarily by weak financial performance (ongoing losses and cash burn, with a fragile balance sheet). Technical indicators provide some offset via improving price trend and positive MACD, but valuation remains unfavorable/limited by negative earnings and no dividend data.
Positive Factors
Balance Sheet Scale Improvement
The rise in total assets to $7.55M and a return to positive equity improve the company's balance sheet scale and credibility with lenders and counterparties. This enhances medium-term financing options and operational resilience versus prior negative-equity periods, supporting sustainable operations if cash flows stabilize.
Negative Factors
Consistent Cash Burn
Sustained negative operating and free cash flow in 2024–2025 indicates persistent cash burn that erodes liquidity and forces reliance on external financing or asset sales. Over the medium term this limits reinvestment in operations, increases refinancing risk, and constrains the ability to scale or respond to adverse commodity cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Scale Improvement
The rise in total assets to $7.55M and a return to positive equity improve the company's balance sheet scale and credibility with lenders and counterparties. This enhances medium-term financing options and operational resilience versus prior negative-equity periods, supporting sustainable operations if cash flows stabilize.
Read all positive factors
Pasinex Resources (PSE) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$21.51M
Dividend YieldN/A
Average Volume (3M)74.51K
Price to Earnings (P/E)―
Beta (1Y)-1.62
Revenue GrowthN/A
EPS Growth-269.70%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)N/A
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 by producing and selling zinc-rich ore (and associated mineralization) from its mining interests in Turkey. Revenue is generated through the sale of mined ore to third-party buyers (e.g., processors/smelters or interm...
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
Positive
0.08
Price Trends
0.10
Negative
0.10
Positive
0.09
Positive
Market Momentum
>-0.01
Negative
51.08
Neutral
66.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:PSE, the sentiment is Positive. The current price of 0.08 is below the 20-day moving average (MA) of 0.10, below the 50-day MA of 0.10, and below the 200-day MA of 0.09, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 51.08 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
62 Neutral | C$23.55M | 4.16 | 3.69% | ― | 18.73% | -91.64% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | C$33.50M | -28.24 | -19.47% | ― | ― | ― | |
49 Neutral | C$23.66M | -16.75 | -58.92% | ― | ― | 29.85% | |
49 Neutral | C$25.39M | -27.98 | -7.34% | ― | ― | 78.16% | |
48 Neutral | C$21.51M | -4.78 | 353.04% | ― | ― | -269.70% | |
45 Neutral | C$16.06M | -6.64 | -6.20% | ― | ― | -205.83% |
* Basic Materials Sector Average
TSE:PSE
Pasinex Resources
0.11
0.07
200.00%
TSE:EPL
Eagle Plains Resources
0.21
0.09
86.36%
TSE:SMY
Search Minerals
0.36
0.16
80.00%
TSE:SRA
Stria Lithium
0.85
0.71
507.14%
TSE:MN
Manganese X Energy Corp
0.11
0.03
37.50%
TSE:STE
Starr Peak Mining
0.44
0.10
29.41%
Pasinex Resources Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Pasinex Raises Capital and Aligns Turkish Operations in Strategic Update
Positive
Feb 23, 2026
Pasinex Resources has launched a non-brokered private placement of up to 15 million units at C$0.10 each to raise about C$1.5 million, with C$1.1 million already committed. The funds will support exploration at the Sarikaya project, mining develop...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Pasinex takes full control of Turkish zinc assets as losses narrow in transformational 2025
Neutral
Feb 18, 2026
Pasinex Resources reported its financial results for the three and twelve months ended December 31, 2025, marking what it called a transformational year of structural change and asset consolidation. The company changed its year end to March 31 and...
Business Operations and StrategyPrivate Placements and Financing
Pasinex Cuts Debt with C$3.3 Million Shares-for-Debt Deal and Convertible Option
Positive
Jan 15, 2026
Pasinex Resources has completed a shares-for-debt transaction, issuing 33,405,205 common shares at C$0.10 each to settle C$3.34 million in liabilities owed to a group of creditors, including entities controlled by members of its board and senior l...
Business Operations and StrategyM&A Transactions
Pasinex Secures Full Control of Horzum and Advances Pinargözü Mine Development
Positive
Dec 30, 2025
Pasinex Resources has completed the transfer of all shares of Horzum A.Ş., giving its Turkish subsidiary Pasinex Arama full 100% ownership of the company that operates the high-grade Pinargözü zinc mine in Adana Province, Türki...
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.