Canstar Resources Inc (TSE:ROX)
:ROX
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Canstar Resources
(ROX)
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Rating:41Neutral
Price Target:
C$0.03
▼(-52.86% Downside)
Action:Reiterated
Date:06/02/26
The score is driven primarily by weak financial performance (pre-revenue, ongoing losses, persistent cash burn, and higher leverage/financing risk). Technicals add additional pressure with the price below all key moving averages and negative momentum indicators. Valuation provides limited support given a negative P/E and no dividend yield.
Positive Factors
Exploration monetization optionality
Canstar’s business model is classic exploration optionality: discoveries can be monetized through project sales, option/joint-venture earn-ins, or advancing toward development. Structurally, these multiple exit paths reduce single-outcome dependence and allow value realization without full-cycle mine financing.
Negative Factors
Consistent negative cash flow
Operating and free cash flow remain persistently negative, creating ongoing dependence on external financing. Over a multi-month horizon this structural cash burn raises execution risk for exploration programs and increases the probability of dilution or halted activity if capital markets access tightens.
Read all positive and negative factors
Positive Factors
Negative Factors
Exploration monetization optionality
Canstar’s business model is classic exploration optionality: discoveries can be monetized through project sales, option/joint-venture earn-ins, or advancing toward development. Structurally, these multiple exit paths reduce single-outcome dependence and allow value realization without full-cycle mine financing.
Read all positive factors
Canstar Resources (ROX) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$7.41M
Dividend YieldN/A
Average Volume (3M)77.26K
Price to Earnings (P/E)―
Beta (1Y)0.37
Revenue GrowthN/A
EPS Growth-15.12%
CountryCA
Employees10
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.01
Shares Outstanding185,244,890
10 Day Avg. Volume176,413
30 Day Avg. Volume77,261
Financial Highlights & Ratios
PEG Ratio-0.77
Price to Book (P/B)-44.04
Price to Sales (P/S)0.00
P/FCF Ratio-7.89
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
Canstar Resources Business Overview & Revenue Model
Company Description
Canstar Resources Inc., a junior resource company, engages in the acquisition, exploration, and development of mineral properties in Canada. The company primarily explores for zinc, silver, lead, copper, and gold deposits. The company's flagship p...
How the Company Makes Money
Canstar Resources does not typically generate recurring operating revenue in the way product or service businesses do; as an exploration-stage company, it generally funds operations through capital markets rather than sales. Its primary source of ...
Canstar Resources Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
22
Negative
Cash Flow
14
Very Negative
| Breakdown | TTM | Sep 2025 | Sep 2023 | Sep 2022 | Sep 2020 | Jun 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -2.68K | -2.98K | -3.12K | -3.92K | -569.00 | -518.00 |
| EBITDA | -3.57M | -1.63M | -1.27M | -5.55M | -1.42M | -143.84K |
| Net Income | -1.54M | -1.65M | -1.28M | -5.59M | -1.43M | -150.55K |
Balance Sheet | ||||||
| Total Assets | 2.65M | 580.66K | 589.37K | 1.05M | 15.03M | 7.97M |
| Cash, Cash Equivalents and Short-Term Investments | 2.25M | 418.29K | 494.38K | 883.24K | 4.35M | 137.65K |
| Total Debt | 1.40M | 426.23K | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 2.01M | 831.80K | 117.61K | 281.44K | 293.68K | 109.09K |
| Stockholders Equity | 638.93K | -251.14K | 471.76K | 771.12K | 14.73M | 7.86M |
Cash Flow | ||||||
| Free Cash Flow | -3.13M | -1.40M | -1.21M | -4.09M | -1.57M | -410.71K |
| Operating Cash Flow | -3.13M | -1.40M | -1.21M | -4.09M | -302.01K | -330.49K |
| Investing Cash Flow | 68.32K | 239.80K | -49.08K | 4.34M | -5.27M | -30.23K |
| Financing Cash Flow | 3.54M | 1.32M | 843.84K | 0.00 | 5.75M | 210.00K |
Canstar Resources Technical Analysis
Negative
0.07
Price Trends
0.06
Negative
0.07
Negative
0.07
Negative
Market Momentum
>-0.01
Positive
7.99
Positive
9.26
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ROX, the sentiment is Negative. The current price of 0.07 is above the 20-day moving average (MA) of 0.05, above the 50-day MA of 0.06, and above the 200-day MA of 0.07, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 7.99 is Positive, neither overbought nor oversold. The STOCH value of 9.26 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:ROX.
Canstar Resources Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | C$21.30M | 10.35 | -10.48% | ― | 154.75% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | C$103.05M | -16.80 | -17.89% | ― | ― | 18.86% | |
51 Neutral | C$17.34M | 39.37 | -27.44% | ― | ― | -39.19% | |
45 Neutral | C$41.00M | -2.22 | -33.88% | ― | ― | -2.05% | |
44 Neutral | C$14.44M | -7.61 | -55.06% | ― | ― | 52.32% | |
41 Neutral | C$7.41M | -4.23 | ― | ― | ― | -15.12% |
* Basic Materials Sector Average
TSE:ROX
Canstar Resources
0.04
-0.02
-41.67%
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Canstar Resources Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Canstar Bolsters Newfoundland Exploration with Churchill Equity and Government Grant
Positive
Mar 30, 2026
Canstar Resources has received an initial cash payment of $208,167 and 15,834,097 Churchill Resources shares, equal to about 5% of Churchill’s equity, under an option agreement for its Golden Baie gold–antimony project in Newfoundland....
Business Operations and StrategyM&A Transactions
Canstar Options Golden Baie Project to Churchill, Refocuses on Core VMS Assets
Positive
Mar 23, 2026
Canstar Resources has signed a definitive option agreement granting Churchill Resources the right to earn 100% of the Golden Baie gold–antimony project in Newfoundland, in exchange for an initial cash reimbursement of about $208,000 and 15.8...
Business Operations and Strategy
Canstar Secures Mary March Drill Permit as It Refocuses Exploration Portfolio
Positive
Mar 9, 2026
Canstar Resources has secured a drill permit for its Phase 1 program at the Mary March VMS Project in Newfoundland and plans to begin drilling in the summer 2026 field season. The company has been refining targets using integrated geological, geop...
Business Operations and StrategyM&A Transactions
Canstar Targets Swedish Gold-Rich VMS Belt in Strategic Expansion
Positive
Mar 4, 2026
Canstar Resources has signed a non-binding letter of intent to acquire a 100% interest in three exploration licences totaling about 310 square kilometres in Sweden’s northern Skellefte district, one of Europe’s premier gold-rich VMS be...
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.