Squatex Energy and Ressources Inc (SQX) AI Stock Analysis

• Market Cap: C$3.10M
• Dividend Yield: N/A
• Average Volume (3M): 22.60K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.74
• Revenue Growth: N/A
• EPS Growth: -29.41%
• Country: CA
• Employees: N/A
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): >-0.01
• Shares Outstanding: 123,850,655
• 10 Day Avg. Volume: 8,200
• 30 Day Avg. Volume: 22,601
• PEG Ratio: -0.14
• Price to Book (P/B): -1.19
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -15.70
• 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: 45 Neutral
• Price Target: C$0.02 ▲(20.00% Upside)
• Action: Reiterated Date: 03/17/26
• Date: Action: Reiterated 03/17/26

The score is primarily constrained by very weak financial performance—no revenue, persistent losses, ongoing cash burn, and negative equity with meaningful debt. Technical indicators are modestly supportive in the near term but remain mixed versus the 200-day trend. Valuation is also pressured because the company is loss-making and offers no dividend support.

Positive Factors

Cash-loss alignment

TTM free cash flow closely tracking net loss indicates the company’s losses are largely cash-based rather than driven by large non‑cash accounting items. That alignment improves cash-forecasting reliability and reduces risk of hidden non-cash charges, aiding medium-term planning and liquidity modeling.

Stable loss trajectory

Recurring losses exist but have not shown steady acceleration, suggesting management has at least contained deterioration. A non‑worsening loss trend lowers immediate downside tail risk, provides a steadier baseline for turnaround planning, and makes runway needs more predictable over several months.

Low capital intensity

A very small asset base implies limited fixed‑asset burdens and lower ongoing capex needs. That reduces structural cash obligations and makes it easier to scale costs down, conserve cash, or pivot operations without large write‑downs, increasing operational flexibility in the medium term.

Negative Factors

Deeply negative equity

Negative shareholders’ equity means liabilities exceed assets, constraining the company’s ability to raise debt or equity on reasonable terms. This increases refinancing and going‑concern risk, limits strategic options, and can trigger covenant or counterparty concerns that materially impair execution over the next several months.

Persistent cash burn

Sustained negative operating and free cash flow will deplete cash reserves absent financing or revenue. Given the small asset base and negative equity, access to external funding will be more difficult or dilutive, threatening operational continuity and forcing difficult cost cuts or asset sales within a few months.

No revenue / unproven model

Zero revenue indicates the company has not established an economically productive operating base. Dependence on financing rather than customer cash flow undermines long‑term sustainability; absent a clear path to revenue, the firm faces persistent dilution or structural failure risk over the medium term.

Squatex Energy and Ressources Inc Business Overview & Revenue Model

Company Description

Squatex Energy and Resources Inc. engages in the exploration and development of oil and gas properties in Quebec. It owns 36 licenses covering an area of 6,560.93 km2 in the Appalachian Basin, including 12 exploration permits, which cover 2,249.3 km2 in the St. Lawrence Lowlands region; and 24 exploration permits that covers 4,311.6 km2 in the Lower St. Lawrence/Gaspe region. The company was founded in 2001 and is based in Brossard, Canada.

How the Company Makes Money

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Squatex Energy and Ressources Inc Financial Statement Overview

Summary

Very weak fundamentals: the company reports zero revenue with recurring operating and net losses, ongoing cash burn (negative operating and free cash flow), and a severely stressed balance sheet with deeply negative equity and meaningful debt relative to a tiny asset base—raising funding and going-concern risk.

Income Statement

Across the TTM (Trailing-Twelve-Months) and the last several annual periods, the company reports zero revenue while generating recurring operating losses (TTM EBIT of about -$461k) and a sizable net loss (TTM net income about -$648k). Losses have persisted for years with no visible revenue inflection, indicating the business has not yet demonstrated an economically productive operating base. The main positive is that losses have not been accelerating in a straight line every year, but overall profitability and operating scale remain very weak.

Balance Sheet

The balance sheet is highly stressed: stockholders’ equity is deeply negative (TTM about -$3.6M), while total debt is significant (TTM about $1.37M) relative to a very small asset base (TTM total assets about $37k). Negative equity limits financial flexibility and increases refinancing/going-concern risk. While the debt-to-equity figure is mathematically distorted by negative equity, the underlying picture is clear—leverage is heavy versus the company’s capital base.

Cash Flow

Cash generation is consistently negative, with TTM operating cash flow around -$247k and TTM free cash flow around -$253k, implying ongoing cash burn. Free cash flow also declined versus the prior period (TTM free cash flow growth roughly -25%). A relative positive is that free cash flow roughly tracks the net loss (TTM free cash flow to net income ~1.0), suggesting losses are largely cash-backed rather than driven by large non-cash accounting items—but the business still requires external funding to sustain operations.

Breakdown	TTM	Jun 2024	Mar 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-666.00	0.00	0.00	0.00	0.00	0.00
EBITDA	-461.19K	0.00	0.00	-133.02K	-297.50K	-817.47K
Net Income	-648.17K	-511.67K	-337.92K	-256.19K	-422.68K	-942.41K
Balance Sheet
Total Assets	36.90K	17.40K	27.60K	6.87K	25.90K	89.14K
Cash, Cash Equivalents and Short-Term Investments	11.68K	7.16K	16.79K	5.18K	11.45K	69.52K
Total Debt	1.37M	1.18M	948.60K	822.60K	672.60K	522.60K
Total Liabilities	3.62M	3.13M	2.63M	2.27M	2.03M	1.67M
Stockholders Equity	-3.58M	-3.11M	-2.60M	-2.26M	-2.01M	-1.58M
Cash Flow
Free Cash Flow	-253.01K	-236.62K	-114.39K	-156.27K	-208.07K	-25.85K
Operating Cash Flow	-246.96K	-236.62K	-114.39K	-156.27K	-208.07K	-25.85K
Investing Cash Flow	-6.05K	0.00	0.00	0.00	0.00	0.00
Financing Cash Flow	261.73K	227.00K	126.00K	150.00K	150.00K	82.00K

Squatex Energy and Ressources Inc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
WCE	47 Neutral	C$3.57M	67.67	-65.85%	―	-8.71%	-1376.92%
SQX	45 Neutral	C$3.10M	-3.01	―	―	―	-29.41%
OIL	44 Neutral	C$2.10M	-0.73	-152.21%	―	172.92%	-92.61%
SHP	24 Underperform	C$1.27M	-2.40	―	―	―	―

Squatex Energy and Ressources Inc Corporate Events

Squatex and CTI Advance Québec–Senegal Geological Partnership With Official Delegation Visit

Squatex Energy and Resources Inc. and Caron Technologies International Inc., in partnership with Québec institutions HIFA and the Université du Québec à Rimouski, are advancing an international collaboration with the National Geological Survey of Senegal. The initiative supports responsible resource development through technology transfer and shared expertise between Canadian and Senegalese stakeholders.

From March 5 to 11, 2026, an official Senegalese delegation led by SGNS Director General Dr. Rokhaya Samba Diène will visit Québec for working sessions, technical site visits and a steering committee meeting. The mission is designed to solidify a long-term framework for airborne geophysical surveys, innovative exploration technologies and improved geoscientific data management, strengthening scientific capacity and deepening ties between the two jurisdictions.

The most recent analyst rating on (TSE:SQX) stock is a Hold with a C$0.02 price target. To see the full list of analyst forecasts on Squatex Energy and Ressources Inc stock, see the TSE:SQX Stock Forecast page.