Red Pine Exploration (RPX) AI Stock Analysis

• Market Cap: C$81.74M
• Dividend Yield: N/A
• Average Volume (3M): 1.19M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.33
• Revenue Growth: N/A
• EPS Growth: 47.21%
• Country: CA
• Employees: 16
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): -0.01
• Shares Outstanding: 371,552,500
• 10 Day Avg. Volume: 1,873,924
• 30 Day Avg. Volume: 1,186,645
• PEG Ratio: 0.53
• Price to Book (P/B): 2.97
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -2.64
• 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: 48 Neutral
• Price Target: C$0.24 ▲(51.87% Upside)

The score is primarily constrained by very weak financial performance—no revenue, ongoing net losses, and persistent cash burn—partly offset by a low-debt balance sheet. Technicals are supportive with price above major moving averages, but overbought signals raise pullback risk. Valuation is limited by negative earnings and the absence of dividend support.

Positive Factors

Very low leverage

A debt-to-equity near 0.02 gives structural financial flexibility for an exploration company: limited fixed-interest obligations reduce bankruptcy risk and buy time to advance projects or raise equity, preserving optionality for joint ventures or asset sales over the next several months.

Clear funding mechanisms

A well-understood funding pathway—equity issuances and Canadian flow-through share structures—provides a repeatable, regulatory-supported method to finance exploration. This reduces execution uncertainty compared with ad hoc funding and supports ongoing drill programs and permitting timelines.

Focused Canadian gold exploration strategy

Concentrated activity in Canadian gold projects aligns the company with a stable, mining-friendly jurisdiction and established permitting frameworks. A focused asset base and active drilling programs increase the chance of meaningful resource definition or JV interest over a medium-term development horizon.

Negative Factors

Persistent net losses

Sustained multi-year net losses are structurally erosive: they consume equity capital and force recurring financings, which dilute shareholders and can delay project advancement. Without near-term revenue or partner funding, losses will constrain discretionary exploration and timeline certainty.

Deep negative operating cash flow

Material negative operating and free cash flows demonstrate that reported losses translate into real cash burn, not mainly non-cash items. This creates structural funding pressure, increasing reliance on capital markets and potentially delaying project milestones or forcing asset sales at inopportune times.

No producing assets or partners

Absence of producing mines or disclosed strategic partners means value realization depends on successful exploration or securing third-party funding. This structural gap raises execution risk: without JV partners or buyers, the company must self-fund resource definition and face higher dilution or slower project progression.

Red Pine Exploration Business Overview & Revenue Model

Company Description

Red Pine Exploration Inc. engages in the acquisition, exploration, and development of mining properties in Canada. Its flagship project is the Wawa Gold Project that covers an area of 6,800 hectares located to the east of the Town of Wawa in northern Ontario. The company was formerly known as Vencan Gold Corporation and changed its name to Red Pine Exploration Inc. in March 2009. Red Pine Exploration Inc. was incorporated in 1936 and is headquartered in Toronto, Canada.

How the Company Makes Money

Red Pine Exploration makes money primarily through the discovery and development of mineral resources, which are then sold or partnered with larger mining companies for extraction and production. The company may generate revenue through joint ventures, partnerships, or the outright sale of its mining claims and properties. Additionally, Red Pine may secure funding through equity financing, issuing shares to investors who are interested in the potential future profitability of its mineral exploration projects. The success of these ventures is typically dependent on the company's ability to discover economically viable mineral deposits and favorable market conditions for the sale of these resources.

Red Pine Exploration Financial Statement Overview

Summary

Exploration-stage profile with $0 revenue and persistent, sizable losses (TTM net income about -$10.2M) alongside sustained cash burn (TTM operating/free cash flow about -$10.1M). The main offset is very low leverage (debt-to-equity ~0.02), which reduces balance-sheet risk despite negative ROE.

Income Statement

Financial performance remains very weak, consistent with an exploration-stage profile. Revenue is $0 across all periods provided, while losses are persistent and sizable: Net income was -$10.2M in TTM (Trailing-Twelve-Months) and -$9.4M in FY2025. Losses have not shown sustained improvement (e.g., FY2024 net loss -$6.5M vs. FY2025 -$9.4M), and negative gross profit indicates ongoing operating costs without offsetting revenue generation.

Balance Sheet

The balance sheet is a relative bright spot due to very low leverage. Debt-to-equity is ~0.02 in both TTM (Trailing-Twelve-Months) and FY2025, indicating limited debt burden. However, profitability pressure is evident in consistently negative returns on equity (TTM ROE about -1.61; FY2025 about -1.11), meaning shareholders’ capital is being eroded by ongoing losses despite the low-debt structure.

Cash Flow

Cash flow quality is weak, with sustained cash burn. Operating cash flow is deeply negative (TTM about -$10.1M; FY2025 about -$9.5M), and free cash flow is also negative (TTM about -$10.1M). Free cash flow generally tracks net losses closely (around 1x in TTM and FY2025), suggesting losses are translating into real cash outflows rather than being primarily non-cash. Reported free cash flow growth is volatile year-to-year, reinforcing the instability of cash needs.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00
Gross Profit	-191.32K	-199.03K	-327.31K	-361.98K	-110.93K
EBITDA	-9.24M	-14.07M	-10.44M	-10.72M	-15.99M
Net Income	-9.45M	-6.50M	-10.77M	-11.10M	-16.14M
Balance Sheet
Total Assets	10.40M	2.13M	4.17M	4.41M	4.28M
Cash, Cash Equivalents and Short-Term Investments	9.43M	1.44M	3.39M	2.83M	2.17M
Total Debt	153.44K	153.69K	0.00	110.31K	210.07K
Total Liabilities	1.92M	1.44M	1.07M	1.67M	1.78M
Stockholders Equity	8.48M	692.33K	3.10M	2.74M	2.50M
Cash Flow
Free Cash Flow	-9.55M	-12.90K	-11.05M	-11.35M	-16.80M
Operating Cash Flow	-9.55M	-12.87M	-10.99M	-10.87M	-16.77M
Investing Cash Flow	0.00	6.30M	-53.45K	-445.20K	-348.13K
Financing Cash Flow	17.54M	4.62M	11.61M	11.98M	18.64M

Red Pine Exploration Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.16
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:RPX, the sentiment is Positive. The current price of 0.16 is below the 20-day moving average (MA) of 0.20, below the 50-day MA of 0.17, and above the 200-day MA of 0.13, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 57.08 is Neutral, neither overbought nor oversold. The STOCH value of 72.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:RPX.

Red Pine 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%
FMAN	54 Neutral	C$132.28M	-25.29	-11.02%	―	―	-58.88%
AMQ	54 Neutral	C$112.99M	-101.39	-8.75%	―	―	―
HWG	53 Neutral	C$41.47M	-24.35	-19.38%	―	―	69.15%
RPX	48 Neutral	C$81.74M	-7.05	-133.51%	―	―	47.21%
GPG	43 Neutral	C$63.75M	-53.85	-4.42%	―	―	7.14%
ROS	39 Underperform	C$67.97M	-23.85	―	―	―	22.62%

Red Pine Exploration Corporate Events

Red Pine Sets Wawa Gold Project on Path From Exploration to Production

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, new discoveries including the southern extension of the Jubilee Shear and high-grade veins near the historic Cooper mine, and over 10,000 metres of definition drilling that outlined conceptual near-surface open pits. The company also completed internal technical studies supporting a phased open-pit development strategy, strengthened its balance sheet with an $8.5 million private placement, and launched environmental baseline work, setting up a 2026 work program centered on delivering a Preliminary Economic Assessment and NI 43-101 report, advancing toward a Pre-Feasibility Study and permitting, securing toll milling capacity, and moving the Wawa project toward a production decision that could underpin future growth and additional exploration upside for stakeholders.

The most recent analyst rating on (TSE:RPX) stock is a Hold with a C$0.20 price target. To see the full list of analyst forecasts on Red Pine Exploration stock, see the TSE:RPX Stock Forecast page.

Red Pine Charts Path From Explorer to Producer at Wawa Gold Project

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 mineralization at depth, new discoveries including the southern faulted extension of the Jubilee Shear and high-grade veins near the historic Cooper mine, and over 10,000 metres of definition drilling that outlined conceptual near-surface open pits. The company also strengthened its balance sheet with an $8.5 million private placement, launched environmental baseline studies, and completed internal technical work supporting a phased, small open-pit strategy, while setting 2026 priorities that include delivering a Preliminary Economic Assessment and NI 43-101 report, advancing environmental and permitting work, progressing a Pre-Feasibility Study on initial open-pit scenarios, securing toll milling capacity, and moving toward a production decision that could unlock self-funded exploration and long-term growth.

The most recent analyst rating on (TSE:RPX) stock is a Hold with a C$0.20 price target. To see the full list of analyst forecasts on Red Pine Exploration stock, see the TSE:RPX Stock Forecast page.

Red Pine Exploration Expands Gold Mineralization at Wawa Project

Red Pine Exploration Inc. announced promising results from its ongoing drilling program at the Wawa Gold Project, with significant gold intersections in the Jubilee Shear area. These results suggest potential for expanding the mineral inventory and enhancing the project’s open-pit potential, with the company on track to complete a Preliminary Economic Assessment in the first half of 2026.

The most recent analyst rating on (TSE:RPX) stock is a Buy with a C$0.20 price target. To see the full list of analyst forecasts on Red Pine Exploration stock, see the TSE:RPX Stock Forecast page.

Red Pine Exploration Unveils High-Grade Gold Discovery at Wawa Project

Red Pine Exploration has announced significant gold assay results from its Wawa Gold Project, highlighting the discovery of high-grade gold in the Cooper area. The findings, which include an intersection of 82.50 g/t gold over 0.74 meters, underscore the project’s exploration potential beyond existing resources. The company is on track to complete a Preliminary Economic Assessment by the first half of 2026, which could further enhance its position in the gold mining sector and provide value to stakeholders.

The most recent analyst rating on (TSE:RPX) stock is a Buy with a C$0.20 price target. To see the full list of analyst forecasts on Red Pine Exploration stock, see the TSE:RPX Stock Forecast page.