Atha Energy Corp. (TSE:SASK)
:SASK
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Atha Energy Corp.
(SASK)
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Rating:56Neutral
Price Target:
C$1.00
▲(38.89% Upside)
Action:Reiterated
Date:05/01/26
The score is constrained primarily by weak financial performance (no recent revenue, ongoing losses, and negative operating cash flow), partially offset by a strong low-leverage balance sheet and improving free cash flow. Technicals add support due to strong uptrend/momentum, while valuation remains unattractive given the negative P/E and lack of dividend.
Positive Factors
Low Leverage / Financial Flexibility
Very low debt provides durable financial flexibility for an exploration/development company: it lowers interest burden, preserves capacity to fund exploration or opportunistic acquisitions, and reduces refinancing risk while projects mature or capital markets remain cyclical.
Negative Factors
Absent Operating Revenue
Consecutive years with zero revenue show the business is not generating operating income and remains pre-revenue. That structural absence of topline cash inflows forces dependence on capital markets and delays any validation of project economics until assets are commercialized.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage / Financial Flexibility
Very low debt provides durable financial flexibility for an exploration/development company: it lowers interest burden, preserves capacity to fund exploration or opportunistic acquisitions, and reduces refinancing risk while projects mature or capital markets remain cyclical.
Read all positive factors
Atha Energy Corp. (SASK) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$332.37M
Dividend YieldN/A
Average Volume (3M)1.05M
Price to Earnings (P/E)―
Beta (1Y)1.42
Revenue GrowthN/A
EPS Growth47.63%
CountryCA
EmployeesN/A
SectorEnergy
Sector Strength52
IndustryUranium
Share Statistics
EPS (TTM)-0.04
Shares Outstanding316,546,020
10 Day Avg. Volume896,463
30 Day Avg. Volume1,046,419
Financial Highlights & Ratios
PEG Ratio0.49
Price to Book (P/B)0.83
Price to Sales (P/S)0.00
P/FCF Ratio-37.37
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
Atha Energy Corp. Business Overview & Revenue Model
Company Description
Atha Energy Corp. operates as a mineral exploration company. It focuses on the acquisition, exploration, and development of mineral resource properties. Atha Energy Corp. was formerly known as Inglenook Ventures Ltd. and changed its name to Atha E...
How the Company Makes Money
null...
Atha Energy Corp. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
74
Positive
Cash Flow
28
Negative
| Breakdown | Dec 2025 | Mar 2025 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 1.16M | 0.00 | 0.00 |
| Gross Profit | -298.20K | -227.13K | 1.13M | -13.60K | 0.00 |
| EBITDA | -8.01M | -7.67M | -13.95M | -1.02M | 0.00 |
| Net Income | -8.38M | -11.41M | -13.98M | -1.03M | -210.71K |
Balance Sheet | |||||
| Total Assets | 227.29M | 214.17M | 99.16M | 42.03M | 23.56K |
| Cash, Cash Equivalents and Short-Term Investments | 4.08M | 8.26M | 34.01M | 40.70M | 18.34K |
| Total Debt | 361.15K | 621.25K | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 9.23M | 5.83M | 11.39M | 34.08M | 109.18K |
| Stockholders Equity | 218.06M | 208.34M | 87.77M | 7.96M | -85.62K |
Cash Flow | |||||
| Free Cash Flow | -4.82M | -41.51M | -22.53M | -363.01K | -6.66K |
| Operating Cash Flow | -4.79M | -10.35M | -4.21M | -220.10K | -6.66K |
| Investing Cash Flow | -19.21M | -18.10M | -18.32M | -1.19M | 0.00 |
| Financing Cash Flow | 19.44M | -608.26K | 19.03M | 42.09M | 25.00K |
Atha Energy Corp. Technical Analysis
Positive
0.72
Price Trends
0.83
Positive
0.78
Positive
0.71
Positive
Market Momentum
0.02
Negative
63.53
Neutral
90.75
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SASK, the sentiment is Positive. The current price of 0.72 is below the 20-day moving average (MA) of 0.81, below the 50-day MA of 0.83, and above the 200-day MA of 0.71, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 63.53 is Neutral, neither overbought nor oversold. The STOCH value of 90.75 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:SASK.
Atha Energy Corp. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | C$69.71B | 125.98 | 9.47% | 0.19% | 7.48% | 161.48% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
56 Neutral | C$332.37M | -23.69 | -3.91% | ― | ― | 47.63% | |
56 Neutral | C$11.16B | -17.09 | -30.30% | ― | ― | -316.64% | |
48 Neutral | C$4.59B | -16.00 | -47.51% | ― | 1.82% | -149.96% | |
46 Neutral | C$276.26M | -25.25 | <0.01% | ― | ― | 99.22% | |
43 Neutral | C$123.66M | -2.98 | -38.03% | ― | ― | -51.45% |
* Energy Sector Average
TSE:SASK
Atha Energy Corp.
1.02
0.64
164.94%
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158.28
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TSE:NXE
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16.71
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Atha Energy Corp. Corporate Events
Business Operations and StrategyPrivate Placements and Financing
ATHA Energy Mobilizes for Record 2026 Angilak Uranium Exploration Program
Positive
Mar 31, 2026
ATHA Energy has begun ongoing site mobilization for its fully funded 2026 Angilak Exploration Program in Nunavut, shipping fuel, supplies and a third diamond drill to the Angilak Uranium Project via ATR aircraft from Yellowknife, Baker Lake and Ra...
Business Operations and StrategyPrivate Placements and Financing
Atha Energy Confirms High-Grade Uranium and Expands Angilak Mineralization
Positive
Feb 26, 2026
Atha Energy has reported final assays from its 2025 Angilak Exploration Program, confirming high-grade uranium discoveries at the KU and Mushroom Lake targets, with peak grades of 1.56% and 1.10% U3O8, respectively. The results also extend mineral...
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.