Royal Road Minerals (RYR) AI Stock Analysis

• Market Cap: C$54.47M
• Dividend Yield: N/A
• Average Volume (3M): 1.76M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.47
• Revenue Growth: N/A
• EPS Growth: 53.78%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): >-0.01
• Shares Outstanding: 265,695,800
• 10 Day Avg. Volume: 80,847
• 30 Day Avg. Volume: 1,763,349
• PEG Ratio: 0.09
• Price to Book (P/B): 3.07
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -9.02
• 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: 50 Neutral
• Price Target: C$0.20 ▼(-2.50% Downside)

The score is held down primarily by weak financial performance (no revenue, ongoing losses, and cash burn) despite a low-debt balance sheet. Technical indicators are neutral-to-modestly supportive, and recent corporate events (financing plus exploration progress) provide upside optionality, but valuation remains constrained by negative earnings and no dividend support.

Positive Factors

Strategic Partnerships

The partnership for Lalla Aziza enhances Royal Road's access to promising mining licenses, potentially boosting long-term resource development and market position.

Exploration Success

Successful drilling at Alouana indicates high potential for resource development, strengthening Royal Road's future revenue prospects and competitive edge.

Financial Stability

A strong equity position and low debt levels provide financial stability, allowing Royal Road to focus on exploration and development without significant financial strain.

Negative Factors

Negative Cash Flow

Persistent negative cash flows highlight ongoing operational challenges, necessitating external financing and potentially limiting investment in growth opportunities.

No Revenue Generation

Lack of revenue generation underscores the risk inherent in exploration-stage companies, as profitability remains uncertain until successful resource development.

Decreasing Assets

A decline in total assets may reflect reduced operational capacity or insufficient investment in future growth, potentially impacting long-term business sustainability.

Royal Road Minerals Business Overview & Revenue Model

Company Description

Royal Road Minerals Limited engages in the exploration and development of mineral properties in Colombia, Nicaragua, and Peru. The company primarily explores for gold and copper deposits. It holds interests in the Los Andes project located in Boaco department of Nicaragua; and the Piedra Iman property located in Chinandega district of Nicaragua. The company also holds various mining concession agreements; and holds mining concessions approximately 168,841 hectares of land in prospective mineral belts in the Nariño, Cauca, Antioquia and Caldas departments of Colombia. It has a strategic alliance agreement with Mineros S.A. for joint exploration of Guintar-Niverengo-Margaritas Project. The company was formerly known as Tigris Resources Limited and changed its name to Royal Road Minerals Limited in April 2015. Royal Road Minerals Limited was incorporated in 2010 and is headquartered in Saint Helier, Jersey.

How the Company Makes Money

Royal Road Minerals generates revenue through the exploration and development of mineral properties, leading to the eventual sale of extracted minerals, primarily gold and copper. The company identifies promising mineral deposits, conducts exploration activities to assess their viability, and seeks to develop these sites into operational mines. Revenue streams are primarily derived from the sale of mined minerals, as well as potential joint ventures and partnerships with other mining firms to share the costs and profits of mineral extraction. Additionally, the company's strategic partnerships and agreements with local governments and stakeholders can play a significant role in facilitating access to valuable resources and enhancing their operational capabilities.

Royal Road Minerals Financial Statement Overview

Summary

Royal Road Minerals exhibits the typical financial profile of a mining exploration company, characterized by no revenue and significant operational expenses leading to consistent losses. The balance sheet remains strong with minimal debt and a high equity ratio, suggesting good financial health despite operational challenges. Cash flows are negative, highlighting the need for continued financing to support operations. Overall, the company is in a stable financial position but faces challenges in generating positive cash flows and profitability.

Income Statement

The company has consistently reported no revenue, which is typical for exploration-stage mining companies. Net income has been negative over multiple periods, indicating ongoing operational losses. This is further reflected in negative EBIT and EBITDA margins, suggesting significant costs relative to non-existent revenue. There is no revenue growth, given the absence of revenue.

Balance Sheet

The company maintains a strong equity position with a high equity ratio, indicating financial stability and low leverage. Debt levels are minimal relative to equity, suggesting low financial risk. However, the company's total assets have been decreasing, which could indicate a decline in operational capacity or investment in future growth.

Cash Flow

Operating and free cash flows are negative, indicating cash outflows from operations, which is common in exploration stages. The cash flow to net income ratio is unavailable due to negative net income. There is no notable growth in free cash flow, reflecting ongoing operational challenges.

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	-85.74K	-52.12K	-62.37K	-68.17K	-44.35K	-14.11K
EBITDA	-3.18M	-2.59M	-14.73M	-9.22M	-13.07M	-6.57M
Net Income	-5.84M	-4.63M	-15.46M	-12.33M	15.81M	-5.99M
Balance Sheet
Total Assets	5.55M	9.83M	14.27M	28.06M	39.66M	20.06M
Cash, Cash Equivalents and Short-Term Investments	3.95M	7.98M	13.29M	21.11M	29.02M	10.38M
Total Debt	11.97K	44.37K	79.19K	110.08K	146.06K	0.00
Total Liabilities	168.25K	314.79K	366.36K	974.62K	944.48K	177.96K
Stockholders Equity	5.38M	9.51M	13.91M	27.09M	38.72M	19.88M
Cash Flow
Free Cash Flow	-3.85M	-3.24M	-6.96M	-9.31M	17.79M	-3.79M
Operating Cash Flow	-3.57M	-3.14M	-6.94M	-8.85M	17.91M	-3.75M
Investing Cash Flow	-2.86M	4.10M	-7.44M	-534.74K	-121.80K	-38.31K
Financing Cash Flow	-47.48K	-45.51K	-43.64K	-41.81K	639.48K	10.99M

Royal Road Minerals Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.20
• 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:RYR, the sentiment is Positive. The current price of 0.2 is above the 20-day moving average (MA) of 0.20, above the 50-day MA of 0.20, and above the 200-day MA of 0.15, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 52.89 is Neutral, neither overbought nor oversold. The STOCH value of 52.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:RYR.

Royal Road Minerals 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%
RYR	50 Neutral	C$54.47M	-9.32	-71.61%	―	―	53.78%
IVS	50 Neutral	C$57.16M	-18.71	-3699.15%	―	―	-2000.00%
FOR	49 Neutral	C$54.46M	-28.27	-6.38%	―	―	1.39%
KLDC	48 Neutral	C$48.36M	-17.65	-16.97%	―	―	―
NPR	47 Neutral	C$44.13M	-8.80	-30.23%	―	―	41.41%
UGD	44 Neutral	C$49.62M	-23.24	-141.64%	―	―	35.45%

Royal Road Minerals Corporate Events

Royal Road Minerals Advances Drilling Plans in Colombia and Expands License Portfolio in Saudi Arabia

Royal Road Minerals has outlined the next phase of work at its Guintar-Aleman-Margaritas project in Colombia, where it is finalizing drill locations and completing a drone-borne magnetic survey ahead of a drilling program slated to begin by the end of January. Initial drill pads have been set on surface-exposed porphyry-style stockworks that have already delivered encouraging channel sample results, and the company plans to expand drilling into new, previously untested targets in the Guintar North porphyry area and at El Aleman, aiming to build on historical intersections of broad gold mineralization. In Saudi Arabia, through its 50:50 joint venture Royal Road Arabia with local partner MIDU, the company is continuing reverse circulation drilling at the Jabal Sahabiyah project, testing extensive sheeted gold-vein and vein-breccia systems that have yielded strong rock-chip grades, while simultaneously strengthening its regional footprint with seven newly awarded exploration licenses in the Nabitah Mobile Belt, a prolific corridor hosting multiple gold, copper and zinc occurrences and an operating gold mine. The new Saudi licenses, which come with staged expenditure commitments and environmental and social approval requirements, signal a strategic expansion of Royal Road’s exploration pipeline in a highly prospective district and position the company for potential future discoveries that could enhance its long-term growth profile and regional presence.

Royal Road Minerals Raises $5 Million to Expand Drilling Programs

Royal Road Minerals has successfully closed a non-brokered private placement, raising $5 million through the issuance of 27,772,523 ordinary shares. The funds will be used to expand drilling programs in Colombia and Saudi Arabia. The offering attracted interest from new and existing investors, with Rio2 Limited maintaining its 15% stake in the company. The transaction involved related parties but complied with regulatory exemptions, and broker warrants were issued as part of the closing.

Royal Road Minerals Reports Positive Sampling Results at Ash Shajjah

Royal Road Minerals announced positive rock-chip channel sampling results from the Ash Shajjah prospect, part of its Jabal Sahabiyah gold exploration project in Saudi Arabia. The sampling has extended the known gold mineralization footprint to over 800 meters, with potential for further extension. The company plans follow-up drilling to explore these promising findings, which could lead to an open-pit mining scenario, potentially enhancing its industry positioning and offering significant implications for stakeholders.

Royal Road Minerals Launches C$5 Million Private Placement to Boost Drilling Operations

Royal Road Minerals has announced a non-brokered private placement offering of up to 27,777,778 ordinary shares at C$0.18 per share, aiming to raise up to C$5 million. The proceeds will fund drilling programs in Colombia and Saudi Arabia, enhancing the company’s strategic positioning and operational capabilities in these regions. The offering is expected to close by November 21, 2025, subject to necessary approvals, and marks a significant step in Royal Road’s expansion and communication strategy.

Royal Road Minerals Announces Board Resignation

Royal Road Minerals announced the resignation of Mr. Ghassane Benchekroun from its Board of Directors. The company expressed gratitude for his contributions and wished him well in future endeavors. This change in the board may impact the company’s strategic direction as it continues its mineral exploration activities in various regions.

Royal Road Minerals Reports Promising Initial Results from Saudi Arabian Exploration Project

Royal Road Minerals has announced initial results from its Jabal Sahabiyah exploration project in Saudi Arabia, revealing promising findings from scout drilling and sampling across seven prospect areas. The results indicate significant polymetallic skarn-style and gold and silver sheeted-vein-style mineralization, which could enhance the company’s exploration portfolio and strengthen its position in the mining sector. These findings may have positive implications for stakeholders, potentially leading to further exploration and development activities in the region.