Pelangio Exploration (PX) AI Stock Analysis

• Market Cap: C$56.03M
• Dividend Yield: N/A
• Average Volume (3M): 163.39K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.43
• Revenue Growth: N/A
• EPS Growth: 47.56%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): 0.00
• Shares Outstanding: 243,621,380
• 10 Day Avg. Volume: 99,373
• 30 Day Avg. Volume: 163,394
• PEG Ratio: 0.10
• Price to Book (P/B): -9.19
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -4.84
• 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: 41 Neutral
• Price Target: C$0.23 ▼(-16.43% Downside)

The score is primarily constrained by weak financial performance (no revenue, ongoing losses, and continued cash burn), despite low reported debt. Technicals are bearish with an oversold reading that may help near-term stabilization but does not reverse the downtrend. Valuation is also pressured because the negative P/E is driven by unprofitability and there is no dividend yield support.

Positive Factors

Low leverage (debt-free balance sheet)

Zero reported debt reduces refinancing and interest obligations, giving the company financial flexibility to pursue exploration and option/JV deals. For an early‑stage explorer, low leverage materially lowers bankruptcy risk and preserves optionality to raise capital strategically over months.

Repeatable asset-monetization business model

The firm’s explicit model of advancing prospects to optioning, joint ventures, sales or retained royalties creates durable pathways to realize value without needing to self‑fund mine construction. This lowers execution burden and enables partner-funded exploration over a 2–6 month horizon and beyond.

Improving operating losses versus prior years

Reported improvement in losses versus 2021–2022 suggests better cost discipline or more effective program deployment. For a junior explorer, this trend can extend runway and support steadier project advancement while management refines targeting and capital allocation decisions.

Negative Factors

No revenue / structurally unprofitable

The absence of any operating revenue means PX cannot self‑fund its exploration programs; persistence of operating losses makes the business dependent on external capital or partner deals to progress projects. This structural profile elevates execution and funding risk over months.

Persistent cash burn

Sustained negative operating and free cash flow of roughly -$1.54M TTM requires recurring financing or asset transactions to maintain exploration activity. That persistent burn increases dilution risk and constrains program scale until cash generation or partner funding becomes reliable.

Volatile, small equity base and balance-sheet vulnerability

An unstable equity base (periods of negative equity) points to prior capital actions and losses that weaken financial cushioning. This volatility undermines perceived balance‑sheet strength, can deter large JV partners, and increases dependence on dilutive equity raises to fund operations.

Pelangio Exploration Business Overview & Revenue Model

Company Description

Pelangio Exploration Inc., a mineral exploration company, engages in the acquisition, exploration, and development of mineral properties. It holds interests in various gold properties in Canada, Africa, and Ghana. The company was incorporated in 2008 and is headquartered in Toronto, Canada.

How the Company Makes Money

Pelangio Exploration makes money primarily through the discovery and development of mineral resources, particularly gold, which can be sold or partnered for further development. The company raises capital through equity financing to fund its exploration activities and may also generate revenue by entering into joint venture agreements, option agreements, or selling interests in its properties to other mining companies. These partnerships or sales provide upfront payments, ongoing funding, or royalties from future production, contributing to the company's earnings.

Pelangio Exploration Financial Statement Overview

Summary

Financials show an early-stage profile with no revenue, ongoing net losses, and persistent negative operating/free cash flow (around -$1.54M TTM). The main offset is low leverage (reported total debt of $0 TTM), but equity volatility and continued cash burn raise funding and dilution risk.

Income Statement

TTM (Trailing-Twelve-Months) shows no revenue and continued operating losses (EBIT of about -$1.21M and net loss of about -$0.82M). Losses improved versus 2021–2022, but the company remains structurally unprofitable with no visible top-line base in the provided data, making earnings quality and margin progress difficult to demonstrate.

Balance Sheet

Leverage appears low with total debt at $0 in TTM (Trailing-Twelve-Months), which reduces financial risk. However, equity has been volatile (negative in 2023 and 2024, then positive in TTM), and returns on equity are inconsistent (negative in TTM). The small equity base relative to ongoing losses remains a key balance-sheet vulnerability despite minimal debt.

Cash Flow

Cash burn is persistent: TTM (Trailing-Twelve-Months) operating cash flow and free cash flow are both around -$1.54M, worse than 2024. While free cash flow growth is positive in TTM, it is coming off negative cash flow levels, and cash generation has not stabilized—implying continued reliance on funding sources to sustain operations.

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	0.00	0.00	-3.56K	-2.30K	-3.08K	-4.18K
EBITDA	-812.55K	-644.00K	-1.32M	-1.60M	-2.98M	-2.07M
Net Income	-816.15K	-756.00K	-1.39M	-1.36M	-2.73M	-1.81M
Balance Sheet
Total Assets	1.01M	442.98K	497.44K	1.03M	1.23M	2.57M
Cash, Cash Equivalents and Short-Term Investments	963.77K	410.46K	473.89K	929.95K	1.08M	2.47M
Total Debt	0.00	0.00	40.00K	40.00K	40.00K	40.00K
Total Liabilities	543.51K	921.38K	1.13M	647.12K	740.88K	816.41K
Stockholders Equity	461.71K	-478.40K	-632.41K	380.66K	485.55K	1.75M
Cash Flow
Free Cash Flow	-1.54M	-908.22K	-708.95K	-1.11M	-2.55M	-1.86M
Operating Cash Flow	-1.54M	-908.22K	-708.95K	-1.11M	-2.55M	-1.86M
Investing Cash Flow	73.63K	73.63K	0.00	50.62K	51.18K	45.07K
Financing Cash Flow	1.97M	825.58K	339.66K	948.52K	1.12M	3.52M

Pelangio Exploration Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.28
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:PX, the sentiment is Neutral. The current price of 0.28 is above the 20-day moving average (MA) of 0.26, above the 50-day MA of 0.26, and above the 200-day MA of 0.17, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 43.37 is Neutral, neither overbought nor oversold. The STOCH value of 55.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:PX.

Pelangio Exploration Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
TK	51 Neutral	C$59.48M	-33.46	-1.53%	―	―	5.26%
SRL	50 Neutral	C$57.59M	-19.82	-11.93%	―	―	73.94%
RTG	48 Neutral	C$76.47M	-9.52	-42.68%	―	―	33.33%
SLG	46 Neutral	C$195.17M	-295.56	-14.39%	―	―	―
CNRI	46 Neutral	C$45.73M	-63.49	-1.60%	―	―	88.42%
PX	41 Neutral	C$56.03M	-53.49	―	―	―	47.56%

Pelangio Exploration Corporate Events

Pelangio Exploration Bolsters Leadership and Incentives With New Executive Role and Stock Option Grants

Pelangio Exploration Inc. has strengthened its leadership team and incentive structure by appointing Matthew Lilko as Vice-President, Corporate Affairs and Corporate Secretary, and by granting 5,750,000 stock options to directors, officers, employees and consultants, exercisable at $0.205 per share for a 10-year term. The management changes and option grants underscore the company’s focus on aligning key personnel with long-term shareholder interests as it continues exploration and development work across its gold projects in Ghana and Canada, potentially enhancing organizational stability and supporting future project execution.

The most recent analyst rating on (TSE:PX) stock is a Hold with a C$0.23 price target. To see the full list of analyst forecasts on Pelangio Exploration stock, see the TSE:PX Stock Forecast page.

Pelangio Launches Manfo Drill Program and Reshapes Ownership Amid Gold Price Strength

Pelangio Exploration has begun the first phase of a 6,850-metre drill program at its Manfo gold project in Ghana, aiming to extend existing resources at the Pokukrom deposits through diamond drilling and test new exploration targets, including the untested Bomfaa geochemical anomaly, via reverse circulation drilling. The company also announced the termination of option agreements with FJ Minerals and Nathawo Properties, resulting in Pelangio retaining a 27% interest in the known Manfo mineral resource while relinquishing its option on the adjacent Nkosuo property, though it has secured a right of first refusal on that ground; management characterizes this as a net benefit given higher gold prices and permitting challenges on Nkosuo, positioning Pelangio to focus on growing its defined Manfo resource base, currently estimated at a combined 837,000 ounces of indicated and inferred gold.

The most recent analyst rating on (TSE:PX) stock is a Hold with a C$0.29 price target. To see the full list of analyst forecasts on Pelangio Exploration stock, see the TSE:PX Stock Forecast page.

Pelangio Raises $1.4 Million Through Warrant Exercises to Advance Gold Projects

Pelangio Exploration Inc. has strengthened its balance sheet through the receipt of approximately $1.4 million in gross proceeds from the exercise of 27.9 million common share purchase warrants, resulting in the issuance of an equal number of new common shares. The company plans to deploy the new capital toward advancing its exploration projects and for general working capital and corporate purposes, supporting ongoing work across its Ghanaian and Canadian gold portfolios and potentially enhancing its ability to progress key assets in established gold-producing regions.