Troy Minerals, Inc. (TROY) AI Stock Analysis

• Market Cap: C$9.48M
• Dividend Yield: N/A
• Average Volume (3M): 483.84K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.03
• Revenue Growth: N/A
• EPS Growth: 56.88%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): N/A
• Shares Outstanding: 86,205,800
• 10 Day Avg. Volume: 473,918
• 30 Day Avg. Volume: 483,836
• PEG Ratio: 0.09
• Price to Book (P/B): 1.40
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -7.02
• 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: 48 Neutral
• Price Target: C$0.11 ▲(3.64% Upside)

The score is held down primarily by weak fundamentals—no revenue, ongoing losses, and continued cash burn—despite the benefit of a debt-free balance sheet. Technical indicators are mildly positive in the near term, but valuation support is limited due to negative earnings.

Positive Factors

Debt-free Balance Sheet

Zero reported debt meaningfully lowers solvency and interest-rate risk, giving management flexibility to allocate capital to exploration, operating needs, or opportunistic investments. Over a 2-6 month horizon this preserves optionality and reduces fixed-cost pressure versus leveraged peers.

Larger Equity Base

A meaningful rise in shareholders' equity strengthens the asset base and extends operational runway without immediate reliance on debt. This larger capital cushion improves capacity to fund exploration and working capital needs over months and reduces near-term refinancing urgency.

Reduced Cash Burn Trend

A marked improvement in free cash flow signals progress cutting cash burn and better cash management. If sustained, this trend lengthens runway, lowers the frequency of dilutive capital raises, and moves the company closer to funding operations from internal cash over the medium term.

Negative Factors

No Revenue Generation

Absence of revenue indicates the firm is not yet commercialized and remains dependent on financing. Persistent operating losses and lack of product-market cashflows raise execution risk and make sustainable profitability dependent on successful development or a material business shift.

Consistent Negative Cash Flow

Continuous negative operating and free cash flows erode equity and force repeated external funding. Over a 2-6 month horizon this structural cash burn increases dilution risk, constrains strategic options, and heightens the company's vulnerability to funding market conditions.

Negative Returns on Equity

Negative ROE demonstrates the company is destroying capital rather than creating value, signalling poor capital efficiency. This structural issue makes it harder to attract non-dilutive capital, raises the performance bar for new projects, and impairs long-term shareholder value creation.

Troy Minerals, Inc. Business Overview & Revenue Model

Company Description

Troy Minerals Inc., a mineral exploration company, engages in the acquisition, exploration, and evaluation of resource properties. It holds an option to earn a 100% recorded and beneficial interest in the Green Gold property that consists of 12 mineral claims that cover an area of approximately 7,587 hectares in central British Columbia, in the Cariboo mining division. The company was incorporated in 2018 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Troy Minerals, Inc. generates revenue through the exploration and potential development of mineral properties. The company makes money by discovering and advancing mineral assets to the stage where they can be sold or developed into producing mines. Revenue streams may include selling mineral rights, entering joint ventures with larger mining companies, or receiving royalties from operational mines. Significant factors contributing to its earnings include the successful identification of economically viable mineral deposits, strategic partnerships with industry players, and fluctuations in global commodity prices which influence the valuation of their mineral assets.

Troy Minerals, Inc. Financial Statement Overview

Summary

Troy Minerals, Inc. faces significant challenges due to its inability to generate revenue and profit. While the company maintains a solid equity position with no debt, the continuous losses and negative cash flows raise concerns about its long-term viability. The focus should be on revenue generation to leverage the stable financial structure.

Income Statement

Troy Minerals, Inc. has reported zero revenue over the past few years, which is a significant concern. The company is incurring consistent losses, as indicated by negative EBIT and Net Income across all periods. This lack of revenue generation and profitability severely impacts the financial health of the company.

Balance Sheet

The balance sheet shows a strong equity position with no debt, which is a positive sign of financial stability. The equity ratio is robust, indicating that the company is not reliant on debt financing. However, the lack of revenue and profits raises concerns about the sustainability of operations despite the healthy equity status.

Cash Flow

Cash flow is negative, with operating cash flow consistently in the red, reflecting operational challenges. Free cash flow is also negative, indicating that the company is burning cash. Despite this, financing activities have provided a temporary cash buffer.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
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	-1.41M	-1.65M	-2.66M	-304.13K	-123.99K	-55.44K
Net Income	-1.41M	-1.66M	-2.66M	-304.68K	-124.07K	-55.53K
Balance Sheet
Total Assets	7.34M	6.02M	3.60M	635.47K	642.05K	971.28K
Cash, Cash Equivalents and Short-Term Investments	1.72M	727.78K	2.36M	45.42K	612.49K	971.28K
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	255.64K	303.56K	192.20K	85.45K	20.46K	241.61K
Stockholders Equity	7.08M	5.71M	3.41M	550.02K	621.60K	729.67K
Cash Flow
Free Cash Flow	-811.79K	-1.14M	-2.00M	-425.89K	-167.18K	-5.53K
Operating Cash Flow	-811.80K	-1.14M	-1.93M	-270.97K	-154.38K	-5.53K
Investing Cash Flow	-3.74M	-3.70M	-801.52K	-431.10K	-12.80K	0.00
Financing Cash Flow	3.16M	2.91M	5.05M	135.00K	-191.61K	976.81K

Troy Minerals, Inc. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.11
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:TROY, the sentiment is Negative. The current price of 0.11 is above the 20-day moving average (MA) of 0.10, below the 50-day MA of 0.11, and below the 200-day MA of 0.12, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 51.56 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:TROY.

Troy Minerals, Inc. 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%
KORE	51 Neutral	C$12.35M	-7.03	-7091.27%	―	―	-128.42%
ICM	51 Neutral	C$31.88M	-107.89	-59.85%	―	―	87.74%
LVX	49 Neutral	C$84.66M	-15.96	-42.27%	―	―	28.32%
TROY	48 Neutral	C$9.48M	-5.24	-24.90%	―	―	56.88%
XIM	46 Neutral	C$4.03M	-1.23	―	―	―	45.20%
BTU	46 Neutral	C$7.43M	-5.56	-17.95%	―	―	-309.09%

Troy Minerals, Inc. Corporate Events

Troy Minerals Extends High-Purity Zone at Table Mountain Silica Project

Troy Minerals Inc. announced the results of its 2025 sampling program at the Table Mountain Silica Project, revealing high-purity silica with SiO₂ content ranging from 97.68% to 99.43%. The consistent quality of the silica and low levels of deleterious elements support the company’s plans to refine its 2026 drilling campaign. These results enhance Troy’s positioning in the silica industry, potentially impacting its operations and stakeholders positively by reinforcing the project’s viability as a significant source of high-purity silica.

Troy Minerals Advances Tsagaan Zalaa Silica Project with Key Permitting Milestones

Troy Minerals Inc. is making significant progress in securing an Operating Mining Permit for its Tsagaan Zalaa Silica Project in Mongolia, with key milestones completed and the Mining License expected in early November 2025. The company is also initiating discussions with potential off-take partners in Central and East Asia, positioning itself strategically in the growing Asian market for high-purity quartz silica, particularly in the solar and semiconductor industries. These developments are expected to make 2026 a milestone year for Troy Minerals and its local partner, Grand Samsara Consulting LLC.

Troy Minerals Advances Exploration at Table Mountain Silica Project

Troy Minerals Inc. has provided an update on its exploration activities at the Table Mountain Silica Project in British Columbia, Canada. The company conducted systematic channel sampling across the main quartzite resource zone, collecting 47 samples to guide future drilling and metallurgical test work. The project is strategically located near established high-purity silica operations, highlighting its potential to become a significant source of high-purity silica in the region.