Red Pine Exploration Inc (TSE:RPX)
:RPX
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Red Pine Exploration
(RPX)
Select Model
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Rating:46Neutral
Price Target:
C$0.17
▲(7.50% Upside)
Action:ReiteratedDate:03/12/26
The score is held down primarily by weak financial fundamentals (no revenue, large recurring losses, and significant cash burn), with low leverage providing only limited mitigation. Technical indicators are moderately positive, but valuation remains unattractive given the negative P/E and no dividend support.
Positive Factors
Low financial leverage
The company's extremely low debt-to-equity (~0.02) meaningfully reduces refinancing and solvency risk for a junior explorer. Over a 2-6 month horizon this conservative capital structure preserves optionality to pursue JV deals or staged project work without imminent debt pressures.
Negative Factors
No operating revenue
The absence of operating revenue means the business has not yet demonstrated commercial production or sales, leaving project economics unproven. Persisting this way forces dependence on external capital and limits the company's ability to self-fund development or attract investors seeking cash-generative operations.
Read all positive and negative factors
Positive Factors
Negative Factors
Low financial leverage
The company's extremely low debt-to-equity (~0.02) meaningfully reduces refinancing and solvency risk for a junior explorer. Over a 2-6 month horizon this conservative capital structure preserves optionality to pursue JV deals or staged project work without imminent debt pressures.
Read all positive factors
Red Pine Exploration (RPX) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$65.39M
Dividend YieldN/A
Average Volume (3M)1.19M
Price to Earnings (P/E)―
Beta (1Y)1.64
Revenue GrowthN/A
EPS Growth47.21%
CountryCA
Employees16
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.01
Shares Outstanding373,662,750
10 Day Avg. Volume1,873,924
30 Day Avg. Volume1,186,645
Financial Highlights & Ratios
PEG Ratio0.53
Price to Book (P/B)2.97
Price to Sales (P/S)0.00
P/FCF Ratio-2.64
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)-0.02
Revenue Forecast (FY)N/A
Red Pine Exploration Business Overview & Revenue Model
Company Description
RPX Gold, Inc. engages in the acquisition, exploration, and development of gold and base metal mining properties. Its project portfolio includes Wawa Gold Project and Rand Garrison Property. The company was founded on July 22, 1936 and is headquar...
How the Company Makes Money
As a mineral exploration company, Red Pine Exploration generally does not generate revenue from selling products or operating producing mines during the exploration stage. Instead, it typically funds operations through financing activities such as...
Red Pine Exploration Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
38
Negative
Cash Flow
10
Very Negative
| Breakdown | TTM | Jul 2025 | Jul 2024 | Jul 2023 | Jul 2022 | Jul 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -169.81K | -191.32K | -199.03K | -327.31K | -361.98K | -110.93K |
| EBITDA | -10.17M | -9.24M | -14.07M | -10.44M | -10.72M | -15.99M |
| Net Income | -10.16M | -9.45M | -6.50M | -10.77M | -11.10M | -16.14M |
Balance Sheet | ||||||
| Total Assets | 6.03M | 10.40M | 2.13M | 4.17M | 4.41M | 4.28M |
| Cash, Cash Equivalents and Short-Term Investments | 5.07M | 9.43M | 1.44M | 3.39M | 2.83M | 2.17M |
| Total Debt | 314.49K | 153.44K | 153.69K | 0.00 | 110.31K | 210.07K |
| Total Liabilities | 1.75M | 1.92M | 1.44M | 1.07M | 1.67M | 1.78M |
| Stockholders Equity | 4.28M | 8.48M | 692.33K | 3.10M | 2.74M | 2.50M |
Cash Flow | ||||||
| Free Cash Flow | -10.06M | -9.55M | -12.90K | -11.05M | -11.35M | -16.80M |
| Operating Cash Flow | -10.04M | -9.55M | -12.87M | -10.99M | -10.87M | -16.77M |
| Investing Cash Flow | -19.34K | 0.00 | 6.30M | -53.45K | -445.20K | -348.13K |
| Financing Cash Flow | 7.66M | 17.54M | 4.62M | 11.61M | 11.98M | 18.64M |
Red Pine Exploration Technical Analysis
Negative
0.16
Price Trends
0.21
Negative
0.19
Negative
0.15
Positive
Market Momentum
>-0.01
Positive
40.91
Neutral
50.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:RPX, the sentiment is Negative. The current price of 0.16 is below the 20-day moving average (MA) of 0.19, below the 50-day MA of 0.21, and above the 200-day MA of 0.15, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 40.91 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:RPX.
Red Pine Exploration Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | C$96.90M | -9.07 | -15.57% | ― | ― | -58.88% | |
51 Neutral | C$111.82M | -16.24 | 104.48% | ― | ― | 22.62% | |
47 Neutral | C$94.41M | -12.67 | -7.69% | ― | ― | ― | |
46 Neutral | C$65.39M | -9.01 | -177.75% | ― | ― | 47.21% | |
45 Neutral | C$71.75M | -31.30 | -4.35% | ― | ― | 7.14% | |
44 Neutral | C$38.96M | -72.72 | -24.99% | ― | ― | 69.15% |
* Basic Materials Sector Average
TSE:RPX
Red Pine Exploration
0.18
0.07
75.00%
TSE:GPG
Grande Portage Resources
0.40
0.23
139.39%
TSE:ROS
RosCan Gold
0.26
0.21
410.00%
TSE:FMAN
Freeman Gold Corp
0.31
0.22
244.44%
TSE:AMQ
Abitibi Metals
0.56
0.31
124.00%
TSE:HWG
Headwater Gold
0.56
0.41
273.33%
Red Pine Exploration Corporate Events
Business Operations and StrategyRegulatory Filings and Compliance
RPX Gold Files NI 43-101 Report Confirming High-Return Wawa Project PEA
Positive
Mar 19, 2026
RPX Gold has filed an NI 43-101 Technical Report supporting the Preliminary Economic Assessment for its 100%-owned Wawa Gold Project in northwestern Ontario, marking a key step in moving the asset toward pre-feasibility and eventual production. Th...
Business Operations and StrategyFinancial Disclosures
RPX Gold Posts Strong PEA and Resource Upgrade for Wawa Project
Positive
Feb 18, 2026
RPX Gold Inc. announced a robust Preliminary Economic Assessment and updated mineral resource estimate for its Wawa Gold Project in Ontario, outlining a phased development strategy that starts with open-pit mining and transitions to underground op...
Business Operations and StrategyDelistings and Listing Changes
Red Pine Rebrands as RPX Gold Ahead of Capital Structure Streamlining
Positive
Feb 9, 2026
Red Pine Exploration will change its name to RPX Gold Inc. on February 12, 2026, with trading on the TSX Venture Exchange to continue under the unchanged ticker symbol RPX and with new ISIN and CUSIP identifiers assigned to its common shares. The ...
Business Operations and StrategyPrivate Placements and Financing
Red Pine Sets Wawa Gold Project on Path From Exploration to Production
Positive
Jan 20, 2026
Red Pine Exploration reported that 2025 was a transformative year as it advanced the Wawa Gold Project from exploration to early-stage development, highlighted by 15,000 metres of step-out drilling that expanded high-grade mineralization at depth,...
Business Operations and StrategyPrivate Placements and Financing
Red Pine Charts Path From Explorer to Producer at Wawa Gold Project
Positive
Jan 20, 2026
Red Pine Exploration reported that 2025 was a pivotal year in which it met all major milestones needed to shift the Wawa Gold Project from exploration toward development, highlighted by roughly 15,000 metres of step-out drilling that expanded mine...
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.