Tocvan Ventures Corp. (TSE:TOC)
:TOC
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Tocvan Ventures Corp.
(TOC)
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Rating:44Neutral
Price Target:
C$0.81
▼(-29.39% Downside)
Action:ReiteratedDate:02/20/26
The score is held down primarily by the lack of revenue, persistent losses, and ongoing negative free cash flow. Technicals are also weak with price below key moving averages and a negative MACD, though near-oversold readings slightly offset. A debt-free balance sheet provides some stability but does not outweigh the current operating and cash-flow deficits.
Positive Factors
Debt-free balance sheet
Zero reported debt materially reduces solvency and refinancing risk for an exploration company. This durable strength gives management flexibility to fund drilling and permitting cycles via equity or targeted financings, lowering near-term bankruptcy risk versus leveraged peers.
Negative Factors
No revenue and persistent losses
The company reports no revenue while sustaining operating losses, which is a fundamental weakness for long-term viability. Without near-term revenue, continued operations depend on external capital; persistent losses erode shareholder value and limit ability to scale exploration activity sustainably.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Zero reported debt materially reduces solvency and refinancing risk for an exploration company. This durable strength gives management flexibility to fund drilling and permitting cycles via equity or targeted financings, lowering near-term bankruptcy risk versus leveraged peers.
Read all positive factors
Tocvan Ventures Corp. (TOC) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$56.11M
Dividend YieldN/A
Average Volume (3M)87.24K
Price to Earnings (P/E)―
Beta (1Y)0.20
Revenue GrowthN/A
EPS Growth23.78%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)N/A
Shares Outstanding67,603,950
10 Day Avg. Volume136,311
30 Day Avg. Volume87,243
Financial Highlights & Ratios
PEG Ratio1.37
Price to Book (P/B)3.84
Price to Sales (P/S)0.00
P/FCF Ratio-28.21
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)N/A
Revenue Forecast (FY)N/A
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 fe...
How the Company Makes Money
null...
Tocvan Ventures Corp. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
64
Positive
Cash Flow
22
Negative
| Breakdown | Nov 2025 | Nov 2024 | Nov 2023 | Aug 2022 | Nov 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -789.98K | -1.13M | -1.70M | -434.88K | -1.44M |
| Net Income | -803.89K | -1.17M | -1.76M | -3.09M | -1.44M |
Balance Sheet | |||||
| Total Assets | 15.51M | 10.17M | 7.90M | 7.64M | 2.84M |
| Cash, Cash Equivalents and Short-Term Investments | 3.04M | 780.03K | 1.38M | 1.92M | 149.86K |
| Total Debt | 0.00 | 775.21K | 1.96M | 1.92M | 0.00 |
| Total Liabilities | 2.43M | 2.26M | 3.62M | 4.05M | 82.39K |
| Stockholders Equity | 13.09M | 7.91M | 4.28M | 3.59M | 2.75M |
Cash Flow | |||||
| Free Cash Flow | -1.78M | -1.26M | -1.08M | -1.86M | -2.47M |
| Operating Cash Flow | -1.78M | -1.26M | -1.08M | -912.84K | -1.23M |
| Investing Cash Flow | -1.39M | -1.55M | -951.44K | -943.41K | -1.24M |
| Financing Cash Flow | 3.97M | 2.89M | 1.96M | 1.79M | 1.73M |
Tocvan Ventures Corp. Technical Analysis
Negative
1.14
Price Trends
0.95
Negative
0.99
Negative
0.90
Negative
Market Momentum
-0.03
Negative
50.03
Neutral
83.33
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:TOC, the sentiment is Negative. The current price of 1.14 is above the 20-day moving average (MA) of 0.77, above the 50-day MA of 0.95, and above the 200-day MA of 0.90, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 50.03 is Neutral, neither overbought nor oversold. The STOCH value of 83.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:TOC.
Tocvan Ventures Corp. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | C$160.57M | -5.90 | -331.25% | ― | ― | -97.52% | |
52 Neutral | C$72.65M | -2.52 | ― | ― | ― | ― | |
46 Neutral | C$27.40M | -4.16 | 215.47% | ― | ― | 30.00% | |
46 Neutral | C$86.94M | -9.42 | -74.18% | ― | ― | 42.92% | |
44 Neutral | C$56.11M | -20.51 | -8.31% | ― | ― | 23.78% | |
41 Neutral | C$46.53M | -104.07 | -756.36% | ― | ― | 47.56% |
* Basic Materials Sector Average
TSE:TOC
Tocvan Ventures Corp.
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Tocvan Ventures Corp. Corporate Events
Business Operations and Strategy
Tocvan Doubles Drilling Capacity at Gran Pilar to Fast-Track Gold-Silver Exploration
Positive
Apr 8, 2026
Tocvan Ventures has mobilized a second reverse circulation drill rig at its fully funded 20,000-metre program on the Gran Pilar Gold-Silver Project in Sonora, significantly increasing drilling capacity. The company is simultaneously testing multip...
Business Operations and Strategy
Tocvan Extends Gran Pilar Footprint With New Gold-Silver Discovery in South Block
Positive
Apr 1, 2026
Tocvan Ventures has reported a significant new gold-silver discovery in the South Block of its Gran Pilar project in Sonora, with a step-out drill hole 1,600 meters northeast of the Main Zone intersecting mineralization from surface and within a 1...
Business Operations and Strategy
Tocvan Taps VRIFY’s AI to Fast-Track Gold-Silver Exploration at Gran Pilar
Positive
Mar 13, 2026
Tocvan Ventures has entered a strategic partnership with Canadian technology firm VRIFY Technology to deploy AI-driven prospectivity mapping and visualization tools at its Gran Pilar gold-silver project in Sonora, Mexico. By integrating VRIFY Pred...
Business Operations and StrategyExecutive/Board Changes
Tocvan Strengthens Gran Pilar Push With Darin Wagner Appointment
Positive
Mar 13, 2026
Tocvan Ventures has appointed veteran geologist and mining executive Darin Wagner as Special Advisor, bolstering its technical and strategic bench as it advances the Gran Pilar Gold-Silver Project in Sonora. Wagner, who has over 35 years of experi...
Business Operations and StrategyPrivate Placements and Financing
Tocvan Raises $10 Million to Advance Sonora Gold Projects
Positive
Feb 19, 2026
Tocvan Ventures Corp., a gold and silver explorer transitioning toward production in Sonora, Mexico, is expanding its footprint around the Gran Pilar Gold-Silver Project, where it controls extensive ground for mine development and pilot-scale oper...
Business Operations and StrategyPrivate Placements and Financing
Tocvan Ventures Secures $6 Million Bought-Deal Financing to Advance Sonora Gold Projects
Positive
Feb 3, 2026
Tocvan Ventures Corp. has arranged a $6 million bought-deal private placement with Stifel Canada as sole underwriter and bookrunner, issuing 6 million units at C$1.00 each, with each unit comprising one common share and one warrant exercisable at ...
Business Operations and Strategy
Tocvan Confirms New Silver-Rich Discovery at Gran Pilar North Block, Adds Second Drill Rig for Expansion
Positive
Jan 23, 2026
Tocvan Ventures reported the first analytical results from its maiden drill program on the North Block of the Gran Pilar Project in Sonora, Mexico, confirming a new silver-rich polymetallic system distinct from the project’s South Block/Main...
Business Operations and StrategyExecutive/Board Changes
Tocvan Adds Veteran Mining Finance Executive to Board as Exploration Progresses in Sonora
Positive
Jan 14, 2026
Tocvan Ventures Corp. has appointed seasoned mining executive Anna Ladd-Kruger as an independent director to its board, adding significant depth in capital markets, financial management, MA, and ESG governance as the company advances its key gold ...
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.