Puma Exploration (PUMA) AI Stock Analysis

• Market Cap: C$32.33M
• Dividend Yield: N/A
• Average Volume (3M): 191.50K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.59
• Revenue Growth: N/A
• EPS Growth: 34.69%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): >-0.01
• Shares Outstanding: 179,616,730
• 10 Day Avg. Volume: 84,714
• 30 Day Avg. Volume: 191,499
• PEG Ratio: 0.31
• Price to Book (P/B): 0.80
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -5.01
• 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: 54 Neutral
• Price Target: C$0.17 ▲(12.00% Upside)

The score is held back primarily by weak financial performance (no revenue, ongoing losses and negative free cash flow), despite a low-debt balance sheet. Technicals are modestly supportive with the price above key moving averages, while valuation is constrained by negative earnings and no dividend. Positive corporate events around drilling results and new financing provide a meaningful, but secondary, uplift.

Positive Factors

Strategic Partnership

The partnership with Kinross provides Puma with necessary funding and expertise, enhancing its exploration capabilities and positioning for growth.

Asset Acquisition

Acquiring a majority stake in McKenzie Gold Project strengthens Puma's asset base, enhancing exploration potential and competitive positioning in the gold sector.

High-Grade Gold Discovery

The discovery of high-grade gold at McKenzie Project boosts Puma's resource potential, promising future revenue streams and market competitiveness.

Negative Factors

Lack of Revenue

The absence of revenue highlights operational challenges, risking financial sustainability and limiting investment appeal without strategic changes.

Negative Cash Flow

Persistent negative cash flow indicates inefficiencies in operations, threatening long-term viability unless addressed through revenue growth or cost management.

Ongoing Losses

Continuous net losses reflect operational inefficiencies and high overhead, necessitating strategic pivots to achieve profitability and sustain operations.

Puma Exploration Business Overview & Revenue Model

Company Description

Puma Exploration Inc., a junior mining exploration company, acquires, explores for, and develops mining properties in Canada. The company explores for gold, silver, and copper deposits. Its flagship project is the Williams Brook Gold project covering an area of approximately 20,662 hectares located in New Brunswick. The company is headquartered in Rimouski, Canada.

How the Company Makes Money

Puma Exploration makes money through the acquisition, exploration, and development of mineral properties, primarily focusing on gold and base metals. The company generates revenue by discovering economically viable mineral deposits and either developing these properties into operational mines or selling the properties to other mining companies. Puma Exploration's income is also supplemented by strategic partnerships or joint ventures with other mining companies, where it can earn a share of profits or receive funding to advance its exploration projects. Additionally, the company may raise capital through equity financing to fund its exploration activities and enhance its asset portfolio.

Puma Exploration Financial Statement Overview

Summary

Puma Exploration's financial health is concerning, with no reported revenue, ongoing losses, and negative cash flows. The company benefits from a strong equity base and no debt, but the lack of operational success poses significant risks. Continued reliance on financing activities could be unsustainable without a strategic pivot to generate revenue and manage expenses effectively.

Income Statement

Puma Exploration has zero revenue reported over the analyzed periods, indicating a lack of sales or production activity. The company incurs significant net losses, with a negative EBIT and EBITDA, reflecting ongoing operational challenges and high overhead relative to revenue generation potential.

Balance Sheet

The balance sheet shows a strong equity position with a debt-free structure, providing financial stability. However, the lack of revenue and persistent losses are concerning. The equity has grown due to financing activities, but this does not reflect operational success or asset utilization improvements.

Cash Flow

Operating cash flow is consistently negative, illustrating challenges in generating cash from core operations. Free cash flow is also negative due to high capital expenditures, which may not be sustainable without revenue growth or additional financing.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-10.82K	-10.82K	-15.45K	-18.91K	-10.49K	-6.09K
EBITDA	-1.37M	-1.15M	-1.72M	-1.27M	-1.86M	-1.18M
Net Income	-1.01M	-1.05M	-1.60M	-1.29M	-2.04M	-1.19M
Balance Sheet
Total Assets	18.93M	18.58M	16.26M	13.99M	14.75M	7.36M
Cash, Cash Equivalents and Short-Term Investments	905.82K	361.10K	522.17K	190.49K	1.13M	304.34K
Total Debt	0.00	0.00	0.00	0.00	0.00	32.16K
Total Liabilities	1.36M	519.43K	375.13K	296.65K	1.86M	627.64K
Stockholders Equity	17.57M	18.06M	15.89M	13.70M	12.89M	6.74M
Cash Flow
Free Cash Flow	-1.44M	-2.87M	-3.80M	-6.63M	-4.98M	-2.88M
Operating Cash Flow	-451.81K	-1.22M	-1.60M	-1.79M	-1.38M	-892.15K
Investing Cash Flow	-527.02K	-1.19M	-2.19M	-4.84M	-3.60M	-1.58M
Financing Cash Flow	1.84M	2.25M	4.13M	1.67M	8.23M	4.37M

Puma Exploration Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.15
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:PUMA, the sentiment is Positive. The current price of 0.15 is below the 20-day moving average (MA) of 0.16, below the 50-day MA of 0.16, and above the 200-day MA of 0.11, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 62.40 is Neutral, neither overbought nor oversold. The STOCH value of 75.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:PUMA.

Puma Exploration Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
YRB	65 Neutral	C$30.00M	3.33	31.09%	―	-100.00%	―
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
PUMA	54 Neutral	C$32.33M	-28.13	-6.05%	―	―	34.69%
KG	47 Neutral	C$26.62M	-20.59	-3.40%	―	―	-34.21%
WG	47 Neutral	C$31.06M	-10.80	-16.82%	―	―	14.38%

Puma Exploration Corporate Events

Kinross Boosts Stake in Puma Exploration with $2 Million Private Placement

Puma Exploration announced that Kinross Gold Corporation is increasing its equity stake in the company from 9.1% to 14.8% (17.4% on a partially diluted basis) through a $2 million non-brokered private placement of 12.5 million units at $0.16 per unit, each unit consisting of one share and half a warrant exercisable at $0.25. The proceeds will fund exploration on Puma’s projects not optioned to Kinross and general corporate purposes, while Kinross’ larger position and ongoing right to increase its holding up to 19.9% reinforce the strategic partnership around the Williams Brook Option Agreement, under which over 3,600 metres were drilled at the Lynx Gold Zone in year one and two new drilling campaigns are planned for 2026 at the Lion and Jaguar Gold Zones, potentially strengthening Puma’s exploration pipeline and regional gold footprint.

The most recent analyst rating on (TSE:PUMA) stock is a Hold with a C$0.17 price target. To see the full list of analyst forecasts on Puma Exploration stock, see the TSE:PUMA Stock Forecast page.

Puma Exploration Secures $1.2 Million for Gold Exploration in New Brunswick

Puma Exploration has successfully closed a non-brokered financing round, raising $1,200,000 through the issuance of 6,000,000 flow-through units. The proceeds will be used to fund exploration activities at the McKenzie Gold Project and other assets in northern New Brunswick. This financing will support Puma’s strategic focus on gold exploration in the region, potentially enhancing its market position and offering growth opportunities for stakeholders.

Puma Exploration Expands Drilling at McKenzie Gold Project

Puma Exploration has mobilized a second drill at its McKenzie Gold project in Northern New Brunswick, following the commencement of a 2,500-metre drilling program at the RIM Gold Zone. The initiative aims to explore high-grade gold zones, with initial results showing visible gold in drill cores. This expansion is expected to enhance the understanding of the project’s mineral potential, positioning Puma strategically in the gold exploration sector.

Puma Exploration Unveils High-Grade Gold Findings and Initiates Drilling at McKenzie Project

Puma Exploration has announced significant gold findings at its McKenzie Gold Project in Northern New Brunswick, with samples returning up to 126 g/t gold. The company is launching its inaugural 2,500-meter drilling program to further explore the high-grade RIM Gold Zone, which has been extended by 100 meters. The presence of visible gold and increased vein thickness suggest potential for higher-grade mineralization, positioning McKenzie as a promising site comparable to renowned gold belts in Victoria and Nova Scotia. These developments are expected to enhance Puma’s exploration efforts and strengthen its market position in the gold mining industry.

Puma Exploration Uncovers High-Grade Gold and Copper at Jonpol Property

Puma Exploration has announced significant findings from its 2025 surface sampling program at the Jonpol Property, part of the Williams Brook Project. The program revealed high-grade gold and copper values, with samples showing up to 19.55 g/t gold and 3.32% copper. These results suggest that the Ramsay Brook Fault is highly prospective for gold mineralization, potentially hosting a major gold-bearing trend over two kilometers. This discovery positions the Ramsay Brook Fault as a priority exploration target, indicating promising implications for Puma’s operations and stakeholders.

Puma Exploration Unveils High-Grade Gold Findings at Lynx Gold Zone

Puma Exploration Inc. announced promising results from its 2025 channel sampling program at the Lynx Gold Zone within the Williams Brook Gold Project. The program revealed multiple high-grade gold intervals, with the highest being 68.90 g/t Au over 0.50 m. These results align with previous sampling and drilling efforts, enhancing the company’s confidence in refining its geological model and planning future drilling operations. The findings underscore the potential of the Williams Brook Project to host significant gold deposits, which could positively impact Puma’s exploration strategy and market positioning.

Puma Exploration Expands Lynx Gold Zone with Successful 2025 Drilling

Puma Exploration has completed its 2025 drilling program at the Lynx Gold Zone, part of the Williams Brook Gold Project, with significant findings of visible gold in several drill holes. The drilling extended the known mineralized zone to 800 meters along strike, 50 meters in width, and 250 meters in depth, with the potential for further expansion. The program, funded by Kinross, aims to enhance understanding of the gold-bearing structures and could have positive implications for the company’s future exploration efforts.