Tocvan Ventures Corp. (TOC) AI Stock Analysis

• Market Cap: C$73.81M
• Dividend Yield: N/A
• Average Volume (3M): 87.24K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.39
• Revenue Growth: N/A
• EPS Growth: 23.78%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): N/A
• Shares Outstanding: 61,505,947
• 10 Day Avg. Volume: 136,311
• 30 Day Avg. Volume: 87,243
• PEG Ratio: 1.37
• Price to Book (P/B): 3.84
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -28.21
• 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$1.00 ▼(-12.28% Downside)

The score is held down primarily by weak financial performance (pre-revenue, ongoing losses, and increasing cash burn despite a clean/no-debt balance sheet). Technicals provide some support due to the price trading above major moving averages, but elevated RSI/Stoch suggest the move may be stretched. Valuation remains unattractive/indeterminate given negative earnings and no dividend data.

Positive Factors

Resource Expansion

Expanding the Main Zone with high-grade finds enhances Tocvan's resource base, supporting long-term growth and exploration potential.

Strategic Funding

Securing significant funding strengthens Tocvan's financial position, enabling further project development and exploration activities.

High-Grade Discoveries

High-grade discoveries at Gran Pilar enhance Tocvan's competitive edge, potentially increasing project valuation and market interest.

Negative Factors

Financial Instability

Persistent financial instability, marked by zero revenue and net losses, threatens Tocvan's operational sustainability and growth prospects.

Negative Cash Flows

Ongoing negative cash flows indicate challenges in operational efficiency, potentially limiting Tocvan's ability to fund future projects.

Rising Debt Levels

Increasing debt levels could strain Tocvan's financial flexibility, impacting its ability to invest in long-term growth initiatives.

Tocvan Ventures Corp. Business Overview & Revenue Model

Company Description

Tocvan is a well-structured exploration development company. Tocvan was created in order to take advantage of the prolonged downturn the junior mining exploration sector, by identifying and negotiating interest in opportunities where management feels they can build upon previous success. Tocvan has approximately 32 million shares outstanding and is earning 100% into two exciting opportunities in Sonora, Mexico: the Pilar Gold-Silver project and the El Picacho Gold-Silver project. Management feels both projects represent tremendous opportunity to create shareholder value.

How the Company Makes Money

Tocvan Ventures Corp. generates revenue through the exploration and development of mineral properties, primarily focusing on gold and silver. The company makes money by increasing the value of its mineral assets through successful exploration and project development, which can lead to profitable sale or joint ventures with larger mining companies. Additionally, Tocvan may enter into option agreements where they earn revenue by selling or leasing exploration rights to other companies. Key revenue streams include capital raised from investors and potential profits from the sale or partnership of mineral properties once they have been sufficiently advanced. The company may also benefit from strategic partnerships with other mining companies that can provide financial support and expertise to further develop its projects.

Tocvan Ventures Corp. Financial Statement Overview

Summary

Tocvan Ventures Corp. faces significant financial challenges, primarily due to a lack of revenue and consistent net losses. While the balance sheet reflects a solid equity base, the increasing debt levels and negative cash flows are concerning and suggest potential financial instability if not addressed.

Income Statement

The company has consistently reported zero revenue over the years, indicating a lack of operational income. This absence of revenue is coupled with increasing net losses, as seen in the TTM with a net income of -1,529,132, which limits profitability and growth potential.

Balance Sheet

The company shows a relatively strong equity position with a stockholders' equity of 7,731,193 in the TTM, suggesting potential financial stability. However, the total debt has increased, leading to a higher debt-to-equity ratio, which could pose risks if not managed properly.

Cash Flow

Negative operating cash flows and free cash flows over the years indicate challenges in generating cash from operations. The TTM shows a significant negative free cash flow of -1,588,330, which raises concerns regarding cash sustainability and operational efficiency.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	0.00	0.00	0.00	0.00	0.00	0.00
EBITDA	-1.07M	-789.98K	-1.13M	-1.70M	-434.88K	-1.44M
Net Income	-803.89K	-803.89K	-1.17M	-1.76M	-3.09M	-1.44M
Balance Sheet
Total Assets	15.51M	15.51M	10.17M	7.90M	7.64M	2.84M
Cash, Cash Equivalents and Short-Term Investments	3.04M	3.04M	780.03K	1.38M	1.92M	149.86K
Total Debt	0.00	0.00	775.21K	1.96M	1.92M	0.00
Total Liabilities	2.43M	2.43M	2.26M	3.62M	4.05M	82.39K
Stockholders Equity	13.09M	13.09M	7.91M	4.28M	3.59M	2.75M
Cash Flow
Free Cash Flow	-1.78M	-1.78M	-1.26M	-1.08M	-1.86M	-2.47M
Operating Cash Flow	-1.78M	-1.78M	-1.26M	-1.08M	-912.84K	-1.23M
Investing Cash Flow	-1.39M	-1.39M	-1.55M	-951.44K	-943.41K	-1.24M
Financing Cash Flow	3.97M	3.97M	2.89M	1.96M	1.79M	1.73M

Tocvan Ventures Corp. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.14
• 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:TOC, the sentiment is Positive. The current price of 1.14 is above the 20-day moving average (MA) of 1.08, above the 50-day MA of 0.99, and above the 200-day MA of 0.81, indicating a bullish trend. The MACD of 0.06 indicates Negative momentum. The RSI at 65.33 is Neutral, neither overbought nor oversold. The STOCH value of 77.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:TOC.

Tocvan Ventures Corp. 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%
SRL	50 Neutral	C$64.70M	-22.07	-11.93%	―	―	73.94%
SALT	47 Neutral	C$74.94M	-26.22	-13.22%	―	―	33.25%
TOC	45 Neutral	C$73.81M	-71.52	―	―	―	23.78%
PGZ	45 Neutral	C$46.65M	-5.71	-95.37%	―	―	10.91%
AGX	45 Neutral	C$276.87M	-91.82	-6.09%	―	8.28%	87.46%
ARS	35 Underperform	$96.32M	-24.86	-22.39%	―	―	-24.16%

Tocvan Ventures Corp. Corporate Events

Tocvan Marks Breakout 2025 as Gran Pilar Moves From Discovery Toward Pilot Production

In 2025 Tocvan marked a pivotal shift at its Gran Pilar project from pure exploration toward development, reporting record high-grade gold and silver intercepts from core and RC drilling, multiple new mineralized target discoveries in both the North and South Blocks, and broader project-scale potential highlighted by airborne and drone magnetic surveys. The company secured key permits for drilling, extraction, and a 10-year, 50,000-tonne pilot heap-leach mine and related infrastructure, while strengthening its corporate team and funding base; these steps collectively advance Gran Pilar toward near-term pilot production and enhance Tocvan’s positioning as an emerging gold-silver developer in Sonora, with potential implications for future partnerships and value creation for shareholders.

The most recent analyst rating on (TSE:TOC) stock is a Buy with a C$0.90 price target. To see the full list of analyst forecasts on Tocvan Ventures Corp. stock, see the TSE:TOC Stock Forecast page.

Tocvan Starts Trenching and Site Works for Gran Pilar Pilot Mine in Mexico

Tocvan Ventures has begun trenching and sampling material for pilot mine feed at the South Block of its Gran Pilar gold-silver project in Mexico, after securing local community council approval and starting site preparation for a fully permitted 50,000-tonne heap leach facility. The company is simultaneously advancing mine infrastructure—clearing and leveling for leach pads, containment ponds, processing equipment and access roads—while expanding exploration through channel sampling, ongoing maiden drilling in the North Block, and planned geophysical surveys and drilling, positioning the project for near-term production and further resource definition.

The most recent analyst rating on (TSE:TOC) stock is a Buy with a C$0.90 price target. To see the full list of analyst forecasts on Tocvan Ventures Corp. stock, see the TSE:TOC Stock Forecast page.

Tocvan Ventures Launches Maiden Drill Program at Gran Pilar Project

Tocvan Ventures Corp. has commenced its maiden drill program at the North Block of the Gran Pilar Gold-Silver Project in Sonora, Mexico, targeting a 3.2 km by 1.5 km zone with strong mineralization indicators. The project, which includes site preparations and an initial 2,000 meters of drilling, aims to expand resource potential and support near-term production goals. Promising surface results and the identification of new mineralized targets underscore the project’s potential, positioning Tocvan for significant growth in the gold-silver mining sector.

The most recent analyst rating on (TSE:TOC) stock is a Buy with a C$0.90 price target. To see the full list of analyst forecasts on Tocvan Ventures Corp. stock, see the TSE:TOC Stock Forecast page.

Tocvan Ventures Unveils New Gold-Silver Targets at Gran Pilar Project

Tocvan Ventures Corp. has announced the discovery of two new mineralized targets with historic underground workings at its Gran Pilar Gold-Silver Project in Sonora, Mexico. These discoveries, located in the North Block’s North Alteration Zone, reveal significant potential for additional high-grade gold and silver resources, aligning with previous high-grade results. The company plans to accelerate follow-up work, including trenching and drilling, to further delineate these targets and integrate them into their broader development strategy. Tocvan is committed to responsible exploration while advancing toward production, leveraging advanced technologies to minimize environmental impact.

The most recent analyst rating on (TSE:TOC) stock is a Buy with a C$0.90 price target. To see the full list of analyst forecasts on Tocvan Ventures Corp. stock, see the TSE:TOC Stock Forecast page.

Tocvan Ventures Mobilizes for Major Advancements at Gran Pilar Project

Tocvan Ventures Corp. has mobilized equipment to its Gran Pilar Gold-Silver Project in Sonora, Mexico, marking a significant step in preparing for drilling, trenching, and pilot mine operations. This mobilization aims to accelerate exploration and development efforts, with a focus on new target areas in both the North and South Blocks. The company is fully permitted for extensive drilling and trenching, and anticipates key milestones, including the commencement of drill programs and road access upgrades. Tocvan is well-positioned to enhance its exploration capabilities and deliver value through discovery and near-term cash flow from pilot operations.

The most recent analyst rating on (TSE:TOC) stock is a Buy with a C$0.90 price target. To see the full list of analyst forecasts on Tocvan Ventures Corp. stock, see the TSE:TOC Stock Forecast page.