Usha Resources (TSE:USHA)
:USHA
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Usha Resources
(USHA)
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Rating:54Neutral
Price Target:
C$0.06
▲(12.00% Upside)
Action:ReiteratedDate:01/04/26
The score is held back primarily by weak financial performance: no revenue, ongoing losses, and negative free cash flow despite improvement and a low-debt balance sheet. Technicals are supportive with strong bullish momentum, and valuation appears moderate based on the provided P/E, but does not outweigh the fundamental cash-burn risk.
Positive Factors
Conservative balance sheet
Zero reported debt and rising equity (~$8.7M) materially reduce financial distress risk for an exploration company. A low-leverage base preserves optionality to fund drilling or transactions, improving strategic flexibility and lowering refinancing urgency over the next several quarters.
Negative Factors
Pre-revenue profile
Absence of operating revenue means value depends on exploration success or asset sales rather than recurring cash flows. This keeps earnings visibility low and makes the business highly dependent on successful discoveries or third-party transactions to generate durable cash flow.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Zero reported debt and rising equity (~$8.7M) materially reduce financial distress risk for an exploration company. A low-leverage base preserves optionality to fund drilling or transactions, improving strategic flexibility and lowering refinancing urgency over the next several quarters.
Read all positive factors
Usha Resources (USHA) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$5.06M
Dividend YieldN/A
Average Volume (3M)34.49K
Price to Earnings (P/E)―
Beta (1Y)0.75
Revenue GrowthN/A
EPS GrowthN/A
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.02
Shares Outstanding91,981,580
10 Day Avg. Volume11,155
30 Day Avg. Volume34,495
Financial Highlights & Ratios
PEG Ratio0.22
Price to Book (P/B)0.39
Price to Sales (P/S)0.00
P/FCF Ratio-1.90
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
Usha Resources Business Overview & Revenue Model
Company Description
Usha Resources Ltd. operates as a mineral acquisition and exploration company. It explores for gold, nickel, copper, and cobalt deposits. The company holds 100% interests in the Jackpot Lake property that comprise 140 mineral claims covering an ar...
How the Company Makes Money
null...
Usha Resources Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
55
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 81.19K | 0.00 | -127.68K | 0.00 | 0.00 | ― |
| EBITDA | -258.45K | 0.00 | -1.26M | -2.93M | -1.01M | -467.63K |
| Net Income | -1.77M | -162.51K | -3.43M | -2.98M | -942.44K | -467.62K |
Balance Sheet | ||||||
| Total Assets | 7.32M | 8.94M | 5.67M | 6.94M | 2.39M | 1.20M |
| Cash, Cash Equivalents and Short-Term Investments | 350.63K | 530.35K | 1.15M | 2.54M | 1.17M | 221.76K |
| Total Debt | 478.03K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 691.37K | 239.63K | 436.18K | 101.62K | 90.51K | 101.29K |
| Stockholders Equity | 6.63M | 8.71M | 5.24M | 6.84M | 2.30M | 1.10M |
Cash Flow | ||||||
| Free Cash Flow | -719.42K | -1.78M | -2.82M | -4.51M | -1.03M | -877.79K |
| Operating Cash Flow | 525.10K | -697.69K | -1.67M | -3.10M | -978.86K | -394.74K |
| Investing Cash Flow | -1.25M | -1.09M | -1.15M | -1.42M | -49.02K | -483.06K |
| Financing Cash Flow | 32.98K | 1.16M | 1.43M | 5.88M | 1.98M | 672.02K |
Usha Resources Technical Analysis
Positive
0.05
Price Trends
0.06
Negative
0.05
Positive
0.04
Positive
Market Momentum
>-0.01
Negative
50.02
Neutral
60.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:USHA, the sentiment is Positive. The current price of 0.05 is below the 20-day moving average (MA) of 0.05, below the 50-day MA of 0.06, and above the 200-day MA of 0.04, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 50.02 is Neutral, neither overbought nor oversold. The STOCH value of 60.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:USHA.
Usha Resources 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% | |
54 Neutral | C$5.06M | -0.52 | 3.09% | ― | ― | ― | |
51 Neutral | C$6.19M | -26.07 | -40.98% | ― | ― | 79.47% | |
46 Neutral | C$7.53M | 21.09 | -399.61% | ― | ― | 54.89% | |
45 Neutral | C$5.33M | -15.61 | ― | ― | ― | 35.79% | |
| ― | C$2.67M | -0.47 | -94.49% | ― | ― | -57.72% |
* Basic Materials Sector Average
TSE:USHA
Usha Resources
0.06
0.02
37.50%
TSE:GLD
GoldON Resources
0.08
0.04
100.00%
TSE:MTH
Mammoth Resources
0.06
0.03
120.00%
TSE:PERU
Chakana Copper
0.14
0.01
8.00%
TSE:GSPR
GSP Resource
0.10
0.00
0.00%
TSE:GMC
Germanium Mining
0.22
0.02
10.00%
Usha Resources Corporate Events
Business Operations and Strategy
Usha Resources Extends IP Survey, Sharpens Drill Targets at Southern Arm Property
Positive
Mar 27, 2026
Usha Resources has completed an extended induced polarization survey at its Southern Arm polymetallic VMS property in Quebec, expanding the 2024 program to cover 40.33 line-kilometres and integrating the data into a 9.7 square kilometre geophysica...
Business Operations and StrategyM&A Transactions
Usha Resources Sells Rubidium Ridge to Panther Minerals While Retaining Royalty Upside
Positive
Mar 24, 2026
Usha Resources has sold its 100% interest in the Rubidium Ridge pegmatite project in Ontario to Panther Minerals, receiving $80,000 in cash and 4.15 million Panther shares, with the equity subject to a six-month resale restriction. The transaction...
Business Operations and StrategyM&A Transactions
Usha Resources Options Ontario Rubidium Ridge Project to Panther Minerals
Positive
Feb 21, 2026
Usha Resources has signed an agreement granting Panther Minerals the right to acquire a 100% interest in its Rubidium Ridge pegmatite project in Ontario. The move marks Usha’s third divestment of a non-core asset in two years and supports it...
Business Operations and StrategyM&A Transactions
Usha Resources Acquires 14.3% Stake in Totec Resources via Qualifying Transaction
Positive
Jan 22, 2026
Usha Resources Ltd., listed on the TSX Venture Exchange, OTCQB and Frankfurt Stock Exchange, has acquired a significant minority stake in Totec Resources Ltd. following the completion of Totec’s qualifying transaction involving Usha, Subco a...
Business Operations and StrategyDelistings and Listing ChangesM&A TransactionsPrivate Placements and Financing
Totec Resources Closes Qualifying Transaction to Acquire White Willow Property and Secures $4.5 Million Financing
Positive
Jan 20, 2026
Totec Resources has completed its qualifying transaction by acquiring 1540359 B.C. Ltd. and, indirectly, the White Willow Property from Usha Resources, in a deal valued at 35.5 million common shares and $50,000 in cash, cementing the asset as its ...
Business Operations and StrategyDelistings and Listing ChangesPrivate Placements and Financing
Usha and Totec Close $4.5 Million Financing Ahead of Qualifying Transaction
Positive
Jan 17, 2026
Usha Resources and its wholly owned subsidiary 1540359 B.C. Ltd. have completed a $4.5 million private placement financing in connection with the planned sale of the subsidiary and Usha’s White Willow Property to capital pool company Totec R...
Business Operations and StrategyDelistings and Listing ChangesM&A TransactionsRegulatory Filings and ComplianceStock Split
Usha and Totec Secure TSXV Nod for White Willow Deal and Share Consolidation
Positive
Jan 14, 2026
Usha Resources and Totec Resources have received conditional acceptance from the TSX Venture Exchange for Totec’s qualifying transaction to acquire Usha’s interest in 1540359 B.C. Ltd. and, indirectly, the 489 mineral claims comprising...
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Totec Upsizes Financing as It Acquires Usha’s White Willow Property in Qualifying Transaction
Positive
Jan 12, 2026
Totec Resources and Usha Resources have provided supplemental disclosure on their planned qualifying transaction under TSX Venture Exchange rules, whereby Totec will acquire Usha’s interest in 1540359 B.C. Ltd. and, indirectly, the 489 miner...
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.