Renforth Resources (RFR) AI Stock Analysis

• Market Cap: C$9.64M
• Dividend Yield: N/A
• Average Volume (3M): 292.20K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.45
• Revenue Growth: N/A
• EPS Growth: 60.38%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): 0.00
• Shares Outstanding: 385,674,100
• 10 Day Avg. Volume: 327,007
• 30 Day Avg. Volume: 292,198
• PEG Ratio: 0.07
• Price to Book (P/B): -7.63
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -5.42
• 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: 47 Neutral
• Price Target: C$0.02 ▲(0.00% Upside)

The score is primarily constrained by weak financial performance (pre-revenue, ongoing losses and cash burn, and negative equity/declining assets). Technicals are somewhat supportive with price holding above key moving averages, but momentum is mixed and near-term signals show overbought risk. Valuation is also a headwind due to ongoing losses and no dividend support.

Positive Factors

Low financial leverage

Zero reported debt reduces financial leverage and interest obligations, giving management flexibility to prioritize exploration investment and structure funding on favorable terms. Over 2-6 months this lowers immediate solvency pressure and preserves optionality for project advancement.

Exploration-focused asset model

Renforth’s asset-driven exploration model concentrates on acquiring and advancing early-stage Canadian mineral properties. Structurally this creates binary upside from discoveries or successful advancement, enabling material value creation for shareholders if exploration results prove positive over the medium term.

Modest improvement in net loss

A slight reduction in TTM net loss versus the prior year suggests modest cost control or lower spending intensity. If sustained, this trend can extend the company’s operational runway, reduce near-term financing needs and improve prospects for carrying out planned exploration activities over the coming months.

Negative Factors

No operating revenue

The company reports no operating revenue, reflecting a pre-revenue exploration profile. This structural lack of internal cash generation forces dependence on external financing, raising ongoing dilution and financing risk and limiting self-sufficiency compared with revenue-generating peers.

Eroded balance sheet

Negative shareholders’ equity and a sharp fall in total assets (from ~C$3.13M to ~C$0.07M TTM) indicate material balance-sheet erosion. This weak capital base reduces borrowing capacity and creditor confidence, constraining the company’s ability to fund and advance multi-year exploration programs without external capital.

Persistent cash burn

Operating and free cash flows are consistently negative, with TTM operating outflow around C$0.58M. Persistent cash burn necessitates repeated equity or debt raises, increasing dilution and funding risk, and limits the company’s ability to sustain continuous or expanded exploration campaigns absent new capital.

Renforth Resources Business Overview & Revenue Model

Company Description

Renforth Resources Inc. engages in the acquisition, exploration, and development of mineral properties in Canada. It owns interests in the Surimeau District battery metals property in Quebec; Parbec gold deposit, a surface gold deposit in Malartic, Quebec; the Malartic West property, the site of a copper/silver discovery; and the Nixon-Bartleman property that hosts gold located to the west of Timmins Ontario. The company was formerly known as Wycliffe Resources Inc. Renforth Resources Inc. is headquartered in Pickering, Canada.

How the Company Makes Money

Renforth Resources makes money primarily through the acquisition and exploration of mineral properties, leading to the discovery and development of valuable mineral resources. The company's revenue model is centered around increasing the value of its mineral assets through exploration success, which can attract partnerships or investments from larger mining companies. Additionally, Renforth Resources may generate revenue by selling or optioning its mineral properties to other companies or through joint ventures. The company also benefits from any potential increases in the market value of the minerals it discovers, which can enhance the overall valuation of its projects and provide opportunities for monetization through asset sales or stock offerings.

Renforth Resources Financial Statement Overview

Summary

Very weak fundamentals: no revenue, ongoing operating losses, and consistent negative operating/free cash flow indicating continued cash burn. Despite zero debt, the balance sheet has deteriorated to negative shareholders’ equity and sharply lower total assets, increasing financing risk.

Income Statement

The company continues to report no revenue across annual periods and TTM (Trailing-Twelve-Months), with persistent operating losses. Net results remain deeply negative (TTM net loss of ~C$0.76M vs. ~C$0.84M in 2024), showing modest improvement but still no clear path to profitability. Gross profit is negative in the most recent periods, underscoring ongoing spend without offsetting operating income.

Balance Sheet

Total debt is reported at zero, which reduces financial leverage risk; however, the balance sheet is pressured by negative shareholders’ equity in 2024 and TTM (Trailing-Twelve-Months), a meaningful deterioration from positive equity in 2022–2023. Total assets have also declined sharply (from ~C$3.13M in 2024 to ~C$0.07M TTM), pointing to reduced asset backing and a weaker capital position despite the absence of debt.

Cash Flow

Cash generation remains a key weakness: operating cash flow and free cash flow are consistently negative across all periods, including TTM (Trailing-Twelve-Months) operating cash outflow of ~C$0.58M. Free cash flow growth is volatile and does not change the underlying picture of ongoing cash burn. Cash flow largely tracks net losses (free cash flow roughly in line with net income in most years), indicating limited non-cash support and continued funding needs.

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	-50.00K	-50.00K	0.00	0.00	0.00	0.00
EBITDA	-655.93K	-834.87K	209.43K	-842.00K	649.46K	4.85M
Net Income	-764.05K	-835.00K	-2.14M	-3.66M	-3.42M	1.36M
Balance Sheet
Total Assets	66.49K	313.40K	660.20K	2.67M	4.65M	7.04M
Cash, Cash Equivalents and Short-Term Investments	42.09K	201.31K	356.58K	2.26M	4.46M	6.71M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	746.65K	769.95K	582.75K	763.37K	757.97K	2.10M
Stockholders Equity	-680.16K	-456.54K	77.44K	1.91M	3.90M	4.94M
Cash Flow
Free Cash Flow	-583.85K	-643.27K	-2.30M	-2.52M	-3.03M	-3.14M
Operating Cash Flow	-583.85K	-643.27K	-2.30M	-2.52M	-3.03M	-998.40K
Investing Cash Flow	0.00	0.00	1.70M	12.83K	0.00	0.00
Financing Cash Flow	508.00K	488.00K	401.60K	1.47M	1.99M	4.12M

Renforth Resources Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.02
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:RFR, the sentiment is Positive. The current price of 0.02 is equal to the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and above the 200-day MA of 0.02, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 49.89 is Neutral, neither overbought nor oversold. The STOCH value of <0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:RFR.

Renforth 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%
FNX	52 Neutral	C$9.57M	-18.60	-80.25%	―	―	17.98%
RFR	47 Neutral	C$9.64M	-11.90	―	―	―	60.38%
HVG	45 Neutral	C$6.07M	-1.09	-93.08%	―	―	-230.94%
PGC	43 Neutral	C$6.92M	-4.62	-341.20%	―	―	-364.29%

Renforth Resources Corporate Events

Renforth Raises Funds and Prepares New Drilling at Victoria Polymetallic Deposit

Renforth Resources has completed a $200,000 flow-through financing at $0.02 per share to fund drilling at its Victoria polymetallic deposit near Malartic, Québec, and expects an additional closing of common share units by mid-January. The company is awaiting platinum and palladium assay results from 99 core samples that could support inclusion of these metals in the next Victoria resource estimate, and is permitting roughly 1,000 metres of drilling to undercut and extend promising prior holes that intersected notable copper and nickel grades, potentially expanding mineralization beyond current models; all resolutions at its December 15 annual general meeting were approved, reinforcing shareholder support as it advances exploration.

The most recent analyst rating on (TSE:RFR) stock is a Hold with a C$0.02 price target. To see the full list of analyst forecasts on Renforth Resources stock, see the TSE:RFR Stock Forecast page.

Renforth Resources Advances Exploration and Secures Financing for Quebec Projects

Renforth Resources has announced the commencement of the permitting process for an underground bulk sampling at its Parbec Gold deposit, with plans to resume surface stripping in spring 2026. Additionally, the company is conducting fieldwork at the Victoria Polymetallic deposit to test for platinum and palladium, aiming to include these elements in future resource estimates. To support these initiatives, Renforth is raising up to C$500,000 through a private placement, with proceeds allocated for drilling, permitting, and general expenses. These developments are expected to enhance Renforth’s exploration capabilities and potentially increase the value of its assets.

Renforth Resources Explores Sustainable Mining at Victoria Deposit

Renforth Resources has partnered with the Centre Technologique des Résidus Industriels (CTRI) to explore sustainable technologies for its Victoria nickel polymetallic open pit deposit in Quebec. The collaboration focuses on three initiatives: carbon sequestration in ultramafic rocks, testing eco-friendly heap leaching processes, and identifying nickel bioaccumulating plants for exploration. This approach aims to leverage local expertise to adopt green technologies, potentially enhancing Renforth’s environmental and economic objectives and strengthening its position in the mining industry.

Renforth Resources Completes $209,000 Financing Round

Renforth Resources Inc. has successfully completed its final financing round, raising $209,000 through the issuance of shares and warrants. This fundraising effort supports the company’s ongoing mineral exploration initiatives, potentially enhancing its market position and offering growth opportunities for stakeholders.

Renforth Resources Files NI 43-101 Report for Quebec Nickel Deposit

Renforth Resources has filed a NI 43-101 Technical Report that includes an initial Inferred Mineral Resource Estimate for their Victoria nickel sulphide polymetallic deposit in Quebec. This report also covers other mineralization areas within the Malartic Metals Package Property, highlighting the potential for copper and gold discoveries, which could enhance the company’s operational scope and industry positioning.

Renforth Resources Advances Parbec Exploration and Secures Financing

Renforth Resources has completed its seasonal stripping activities at the Parbec Gold deposit, revealing unexpected geological structures that support previous drill data interpretations. The company plans to continue exploration efforts in the spring. Additionally, Renforth has raised $258,000 in the first closing of its financing initiative, issuing shares and warrants to support its ongoing projects.