Quartz Mountain Resources (QZM) AI Stock Analysis

• Market Cap: C$48.22M
• Dividend Yield: N/A
• Average Volume (3M): 25.18K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.74
• Revenue Growth: N/A
• EPS Growth: -32.14%
• Country: CA
• Employees: 4
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): N/A
• Shares Outstanding: 73,065,260
• 10 Day Avg. Volume: 22,286
• 30 Day Avg. Volume: 25,177
• PEG Ratio: -1.00
• Price to Book (P/B): 9.77
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -12.35
• 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: 52 Neutral
• Price Target: C$0.67 ▼(-24.20% Downside)
• Action: Reiterated Date: 12/30/25
• Date: Action: Reiterated 12/30/25

The score is held down primarily by weak financial performance (no revenue, widening losses, and ongoing cash burn). This is partially offset by strong technical momentum (price above key moving averages with positive MACD) and supportive recent corporate updates (OTCQX uplist and encouraging exploration progress), though overbought signals and loss-driven negative P/E limit the rating.

Positive Factors

Low financial leverage

Extremely low debt materially reduces solvency and interest-rate risk, giving the company structural financial flexibility. For a cash-burning explorer, minimal leverage lowers default risk and preserves capacity to raise project financing or equity without an immediate debt overhang.

Advancing exploration and market access

Concrete exploration progress (IP survey, Phase 3 results, gold-rich porphyry) combined with OTCQX uplisting and a $2.6M treasury represent structural catalysts: improved resource potential, clearer drill plans, and better U.S. investor access that can sustainably increase financing and project development options.

Transparent cash burn dynamics

FCF closely matching accounting losses indicates cash outflows are not being obscured by large non-cash charges. This transparency makes runway and financing needs easier to model and reduces risk of unexpected accounting-driven cash surprises for investors and lenders over the medium term.

Negative Factors

No operating revenue

Absence of revenue means the core business is not yet generating operating cash; long-term value depends entirely on exploration success or external financing. This structural dependency increases dilution and execution risk until commercial production or monetizable resources are proven.

Widening losses and persistent cash burn

Rapidly increasing losses and worsening operating cash flow steadily erode capital and necessitate further financing. Over a multi-month horizon, sustaining exploration programs without revenue will pressure liquidity and likely lead to equity issuance or project funding trade-offs that dilute existing shareholders.

Eroding shareholder equity and negative ROE

Declining equity and persistently negative ROE signal capital erosion rather than value creation. This structural weakness lowers the company's buffer against adverse outcomes, raises the probability of dilutive raises, and reduces attractiveness to long-term institutional capital focused on capital-efficient returns.

Quartz Mountain Resources Business Overview & Revenue Model

Company Description

Quartz Mountain Resources Ltd. operates as a mineral exploration company in British Columbia, Canada. The company explores for gold, silver, and copper deposits. It holds a 100% interest in Maestro property comprising ten mineral claims covering approximately 1,540 hectares located near Houston, British Columbia. It also has a mineral claims purchase agreement with United Mineral Services Ltd. to acquire a 100% interest in the Jake mineral property that comprising four staked claims; and an option to purchase a 100% interest in five adjacent claims located to the north of Smithers, northwestern British Columbia. The company was formerly known as Quartz Mountain Gold Corp. and changed its name to Quartz Mountain Resources Ltd. in November 1997. Quartz Mountain Resources Ltd. was incorporated in 1982 and is headquartered in Vancouver, Canada.

Quartz Mountain Resources Financial Statement Overview

Summary

Very weak operating fundamentals: no revenue, widening losses (net loss about -$3.47M in 2025 annual and about -$3.89M TTM) and sustained cash burn (operating cash flow about -$3.05M in 2025 and about -$3.48M TTM). The main offset is a conservatively levered balance sheet with minimal debt, but equity is declining due to ongoing losses.

Income Statement

The company reports no revenue across all periods provided, while losses have widened materially over time. Net loss increased from about -$0.9M (2023 annual) to about -$3.47M (2025 annual) and roughly -$3.89M in TTM (Trailing-Twelve-Months), signaling rising cost intensity without an offsetting revenue base. A modest positive is that losses are not being driven by meaningful interest burden (debt is minimal), but overall operating performance remains very weak given persistent negative gross profit and deepening operating losses.

Balance Sheet

The balance sheet is conservatively levered, with very low debt relative to equity (debt-to-equity around ~0.002 in 2025 and ~0.002 in TTM (Trailing-Twelve-Months)), which reduces solvency risk. However, shareholder equity declined from ~$3.91M (2025 annual) to ~$3.65M (TTM (Trailing-Twelve-Months)), consistent with ongoing losses, and returns on equity are sharply negative (around -0.89 to -1.05 recently). In short: low leverage is a clear strength, but continued losses are eroding the equity base.

Cash Flow

Cash generation is weak, with operating cash flow and free cash flow consistently negative and worsening in the most recent periods (operating cash flow about -$3.05M in 2025 annual and about -$3.48M in TTM (Trailing-Twelve-Months)). Free cash flow is similarly negative (about -$3.09M in 2025 annual and about -$3.52M in TTM (Trailing-Twelve-Months)), indicating ongoing cash burn. A relative positive is that free cash flow roughly tracks net loss (free cash flow to net income is ~1.0 recently), suggesting losses are not heavily masked by non-cash items—but the absolute level of burn remains a key risk.

Breakdown	Oct 2025	Oct 2024	Oct 2023	Oct 2022	Oct 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00
Gross Profit	-9.89K	-9.89K	-9.89K	-9.89K	-2.47K
EBITDA	-3.46M	-2.48M	-895.09K	-979.15K	-226.29K
Net Income	-3.47M	-2.44M	-910.43K	-997.85K	-116.42K
Balance Sheet
Total Assets	4.19M	3.01M	863.60K	842.55K	598.56K
Cash, Cash Equivalents and Short-Term Investments	3.10M	1.91M	97.47K	321.79K	206.44K
Total Debt	10.17K	22.39K	32.75K	41.33K	48.80K
Total Liabilities	281.44K	333.04K	72.90K	332.29K	135.04K
Stockholders Equity	3.91M	2.68M	790.70K	510.26K	463.51K
Cash Flow
Free Cash Flow	-3.09M	-2.37M	-773.78K	-520.68K	-407.11K
Operating Cash Flow	-3.05M	-2.34M	-523.78K	-445.68K	-277.11K
Investing Cash Flow	-41.00K	-7.91K	-237.59K	-71.64K	47.77K
Financing Cash Flow	4.26M	4.15M	537.04K	632.66K	229.25K

Quartz Mountain Resources Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.88
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:QZM, the sentiment is Negative. The current price of 0.88 is above the 20-day moving average (MA) of 0.85, above the 50-day MA of 0.87, and above the 200-day MA of 0.73, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 29.11 is Positive, neither overbought nor oversold. The STOCH value of 4.44 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:QZM.

Quartz Mountain Resources 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%
MD	54 Neutral	C$54.23M	-22.63	-4.60%	―	-15.63%	2.65%
QZM	52 Neutral	C$48.22M	-20.07	-104.98%	―	―	-32.14%
LCE	52 Neutral	C$59.50M	-13.48	-4.58%	―	―	27.68%
GMA	47 Neutral	C$50.42M	7.33	-10.21%	―	-100.00%	-33.58%
FT	46 Neutral	C$68.23M	-9.47	47.38%	―	―	-82.14%

Quartz Mountain Resources Corporate Events

Quartz Maps Large Sulphide System at Maestro Ahead of Fully Funded Drill Program

Quartz Mountain Resources has reported significant induced polarization geophysical survey results at its Maestro gold-silver project in British Columbia, delineating a large, highly prospective sulphide system that hosts its Prodigy epithermal and porphyry gold-silver discovery. The high-resolution IP work outlines a donut-shaped sulphide system measuring about 2.1 km by 1.4 km with a distinct low-to-moderate chargeability core linked to an intrusive-hosted molybdenum-copper deposit, surrounded by a higher chargeability halo interpreted as stronger sulphide mineralization; the Prodigy zone lies on the western edge of this core in the favourable high-chargeability margin, providing a clear structural and geophysical framework to target similar mineralization across the property. Management says these results materially refine drill targeting and significantly enhance the potential success of the fully funded drill program scheduled to mobilize on February 3, positioning Quartz to potentially unlock further value from Maestro and reinforce its strategy of advancing district-scale precious and base metal discoveries in British Columbia.

The most recent analyst rating on (TSE:QZM) stock is a Hold with a C$0.94 price target. To see the full list of analyst forecasts on Quartz Mountain Resources stock, see the TSE:QZM Stock Forecast page.

Quartz Mountain to Highlight Maestro Drill Core and Prodigy Discovery at AME Roundup 2026

Quartz Mountain Resources will showcase drill core from its Maestro project at the AME Roundup 2026 Core Shack in Vancouver, using the event to engage with investors and industry peers and to spotlight its recent Prodigy precious metals discovery. The company is advancing delineation drilling at Maestro, where three integrated mineralization styles — epithermal gold-silver, porphyry gold, and porphyry copper-molybdenum — have been intersected over 8,346 metres in 13 holes, with a Phase 4 drill program set to begin in early February 2026 to extend and better define the Prodigy system; this work, alongside a new porphyry copper-gold discovery at its Jake project, underscores Quartz Mountain’s effort to build a pipeline of potentially significant BC mineral assets.

The most recent analyst rating on (TSE:QZM) stock is a Hold with a C$0.93 price target. To see the full list of analyst forecasts on Quartz Mountain Resources stock, see the TSE:QZM Stock Forecast page.

Quartz Mountain Expands Maestro Land Package With Strategic BC Claim Acquisition

Quartz Mountain Resources has expanded its 100%-owned Maestro Project in central British Columbia by acquiring a 113-hectare mineral claim from Wild West Gold Corp., increasing the project’s total land package to 2,422 hectares. The newly acquired claim, located immediately east of existing Maestro claims, secures ground adjacent to a recently identified multi-element soil geochemical anomaly, strengthening the company’s control over prospective mineral host rocks in an area with geological characteristics and mineralization age similar to Artemis Gold’s nearby Blackwater Mine. The low-cost, share-based transaction, subject to TSX Venture Exchange approval, supports Quartz’s strategy of consolidating high-potential gold-silver-copper assets, bolsters protection around its emerging Prodigy Au-Ag-Mo-Cu discovery where over 8,300 metres of drilling have been completed, and underpins a fully funded Phase 4 drill program set to begin in early February 2026, potentially enhancing the project’s resource upside and future transaction appeal for major operators.

The most recent analyst rating on (TSE:QZM) stock is a Hold with a C$0.93 price target. To see the full list of analyst forecasts on Quartz Mountain Resources stock, see the TSE:QZM Stock Forecast page.

Quartz Mountain Resources Uplists to OTCQX as Maestro Drilling Advances

Quartz Mountain Resources has uplisted its common shares in the U.S. from the OTCQB Venture Market to the OTCQX Best Market under the symbol QZMRF, aiming to improve trading liquidity, transparency and visibility among American investors while retaining its primary listing on the TSX Venture Exchange. The move comes as the company advances its Maestro property near Houston, British Columbia, where sequential drilling at the Prodigy zone has returned strong gold and silver results, and Quartz is funded to launch a fourth phase of delineation drilling in 2026, a combination that positions the company to broaden its North American capital markets reach while systematically building out its key Au-Ag-Mo-Cu discovery.