Atha Energy Corp. (TSE:SASK)
:SASK
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Atha Energy Corp.
(SASK)
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Rating:54Neutral
Price Target:
C$1.00
▲(38.89% Upside)
Action:ReiteratedDate:01/23/26
The score is held back primarily by very weak financial performance (no revenue, ongoing losses, and significant cash burn), despite a low-debt balance sheet. Technicals are a clear positive with a strong uptrend and positive momentum, while valuation remains pressured by the negative P/E and lack of dividend yield data.
Positive Factors
Low leverage / balance-sheet flexibility
Very low debt and near-zero debt-to-equity give the company durable financial flexibility to fund exploration and staged project work without immediate solvency pressure. This reduces bankruptcy risk and preserves strategic optionality over the next several quarters.
Negative Factors
No revenue and persistent net losses
The company has reported no revenue and large net losses historically, indicating limited current earnings power. Without a visible path to commercial production or revenue generation, shareholder value depends on successful exploration outcomes or sustained external funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / balance-sheet flexibility
Very low debt and near-zero debt-to-equity give the company durable financial flexibility to fund exploration and staged project work without immediate solvency pressure. This reduces bankruptcy risk and preserves strategic optionality over the next several quarters.
Read all positive factors
Atha Energy Corp. (SASK) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$237.41M
Dividend YieldN/A
Average Volume (3M)1.05M
Price to Earnings (P/E)―
Beta (1Y)1.44
Revenue GrowthN/A
EPS Growth52.63%
CountryCA
EmployeesN/A
SectorEnergy
Sector Strength52
IndustryUranium
Share Statistics
EPS (TTM)-0.01
Shares Outstanding316,546,020
10 Day Avg. Volume896,463
30 Day Avg. Volume1,046,419
Financial Highlights & Ratios
PEG Ratio0.22
Price to Book (P/B)0.61
Price to Sales (P/S)0.00
P/FCF Ratio-3.06
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
Atha Energy Corp. generates revenue through the exploration and extraction of energy resources, primarily focusing on oil and natural gas. The company monetizes these resources by selling them to various markets, including industrial, commercial, ...
Atha Energy Corp. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
74
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 1.16M | 0.00 | 0.00 |
| Gross Profit | -327.25K | -227.13K | 1.13M | -13.60K | 0.00 |
| EBITDA | -10.01M | -7.67M | -13.95M | -1.02M | 0.00 |
| Net Income | -10.64M | -11.41M | -13.98M | -1.03M | -210.71K |
Balance Sheet | |||||
| Total Assets | 230.15M | 214.17M | 99.16M | 42.03M | 23.56K |
| Cash, Cash Equivalents and Short-Term Investments | 11.30M | 8.26M | 34.01M | 40.70M | 18.34K |
| Total Debt | 395.51K | 621.25K | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 10.30M | 5.83M | 11.39M | 34.08M | 109.18K |
| Stockholders Equity | 219.86M | 208.34M | 87.77M | 7.96M | -85.62K |
Cash Flow | |||||
| Free Cash Flow | -27.07M | -41.51M | -22.53M | -363.01K | -6.66K |
| Operating Cash Flow | -3.86M | -10.35M | -4.21M | -220.10K | -6.66K |
| Investing Cash Flow | -20.92M | -18.10M | -18.32M | -1.19M | 0.00 |
| Financing Cash Flow | 19.69M | -608.26K | 19.03M | 42.09M | 25.00K |
Atha Energy Corp. Technical Analysis
Neutral
0.72
Price Trends
0.86
Negative
0.75
Positive
0.70
Positive
Market Momentum
-0.02
Positive
41.99
Neutral
16.17
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SASK, the sentiment is Neutral. The current price of 0.72 is below the 20-day moving average (MA) of 0.87, below the 50-day MA of 0.86, and above the 200-day MA of 0.70, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 41.99 is Neutral, neither overbought nor oversold. The STOCH value of 16.17 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
67 Neutral | C$63.13B | 92.81 | 8.76% | 0.19% | 23.88% | 350.69% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
59 Neutral | C$10.13B | -24.00 | -25.38% | ― | ― | -308.46% | |
54 Neutral | C$237.41M | -35.27 | -5.03% | ― | ― | 52.63% | |
50 Neutral | C$116.07M | -15.90 | -28.70% | ― | ― | -234.49% | |
48 Neutral | C$4.19B | -15.02 | -38.86% | ― | ― | ― | |
46 Neutral | C$213.39M | -25.25 | <0.01% | ― | ― | 22.89% |
* Energy Sector Average
TSE:SASK
Atha Energy Corp.
0.75
0.28
59.57%
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Atha Energy Corp. Corporate Events
Business Operations and StrategyPrivate Placements and Financing
ATHA Energy Upsizes Convertible Debenture Financing to US$25 Million with Queen’s Road Capital
Positive
Jan 22, 2026
ATHA Energy Corp. has upsized its previously announced private placement of unsecured convertible debentures with Queen’s Road Capital Investment Ltd. to US$25 million, or approximately C$34.5 million, following strong investor demand. The f...
Business Operations and StrategyPrivate Placements and Financing
Atha Energy Secures US$20 Million Convertible Debenture Financing from Queen’s Road Capital
Positive
Jan 13, 2026
Atha Energy Corp. has entered into a binding term sheet with Queen’s Road Capital Investment Ltd. for a private placement of US$20 million in unsecured convertible debentures, with QRC also receiving a two-year option to purchase an addition...
Business Operations and Strategy
ATHA Energy Grants Stock Options and RSUs Under Equity Incentive Plan
Positive
Jan 2, 2026
ATHA Energy Corp. has granted 10,150,000 incentive stock options and 1,300,000 restricted share units to eligible participants, including directors and officers, under its equity incentive plan, with options vesting in thirds over 12 months at an ...
Business Operations and Strategy
Atha Energy Corp. Announces Significant Uranium Discoveries at Angilak Project
Positive
Dec 10, 2025
Atha Energy Corp. has announced significant high-grade uranium discoveries at its Angilak Project, specifically along the Mineralized RIB Corridor. The latest assays from the RIB East, West, and South discoveries confirm substantial uranium minera...
Business Operations and StrategyProduct-Related Announcements
ATHA Energy Unveils High-Grade Uranium Discovery at Angilak Project
Positive
Nov 20, 2025
ATHA Energy Corp. has announced a significant discovery at its Angilak Uranium Project with the maiden drillhole at RIB North yielding high-grade uranium mineralization. This discovery, marked by a 34.7-meter composite uranium mineralization, rein...
Business Operations and Strategy
ATHA Energy Unveils Major Uranium Discovery at Angilak Project
Positive
Nov 20, 2025
ATHA Energy Corp. has announced a significant discovery at its Angilak Uranium Project, with assays from its maiden drillhole at the RIB North Discovery revealing 34.7 meters of total composite uranium mineralization. This discovery, which include...
Business Operations and Strategy
Atha Energy Corp. Reports Major Uranium Discoveries in 2025 Exploration Program
Positive
Nov 5, 2025
Atha Energy Corp. announced significant progress in its 2025 Angilak Exploration Program, particularly at Mushroom Lake and the KU Discovery. The company successfully intersected high-grade uranium mineralization and identified new structural corr...
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.