Vior Inc. (VIO) AI Stock Analysis

• Market Cap: C$51.95M
• Dividend Yield: N/A
• Average Volume (3M): 461.31K
• Price to Earnings (P/E): 19.8
• Beta (1Y): 1.18
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): N/A
• Shares Outstanding: 415,606,140
• 10 Day Avg. Volume: 641,347
• 30 Day Avg. Volume: 461,312
• PEG Ratio: -0.08
• Price to Book (P/B): 0.69
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -2.91
• 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: 51 Neutral
• Price Target: C$0.13 ▲(5.00% Upside)

The score is primarily held back by weak financial performance (no revenue, operating losses, and ongoing cash burn), partially offset by a strong, lightly levered balance sheet. Technicals are moderately supportive in the near term, while valuation is only average given limited operating fundamentals and no dividend.

Positive Factors

Low leverage / strong balance sheet

Sustained low leverage and a large equity base provide durable financial flexibility to fund multi-year exploration and development cycles typical in the gold industry. This reduces solvency risk, preserves strategic optionality, and supports capital allocation without immediate debt pressure.

Growing equity capitalization

Substantial equity growth versus prior years indicates successful capital raises or retained capital accumulation that extend the company’s runway. For an exploration-stage gold firm, stronger capitalization lowers short-term financing pressure and enables multi-stage project development planning.

Improving free cash flow trend

A positive change in free cash flow growth (improved burn) suggests the company is moving toward better cash discipline and operational efficiency. While still negative, an improving trajectory reduces future financing needs and increases the likelihood of reaching self-sustaining operations over several quarters.

Negative Factors

No reported revenue

Zero reported revenue is a fundamental limitation: without operating sales the company cannot rely on internally generated cash to fund activities. This elevates execution and commercialization risk and makes long-term sustainability dependent on successful project transitions to revenue-generating stages.

Persistent operating losses

Sizable and recurring operating losses demonstrate the business remains in investment/exploration mode and has not achieved scalable, profitable operations. Sustained operating deficits erode capital over time and require either a clear path to revenue or ongoing external funding to avoid value dilution.

Dependence on external financing

Reliance on external financing to fund operations is a structural vulnerability: it exposes the company to market access risk and potential dilution. Even with a strong balance sheet today, repeated capital raises may be required if operations don't generate cash, limiting long-term shareholder returns.

Vior Inc. Business Overview & Revenue Model

Company Description

Vior Inc. (VIO) is a company engaged in the exploration and development of mineral properties. Operating primarily in the natural resources sector, Vior focuses on identifying, acquiring, and developing mining projects with high potential for profitability. Its core activities include the exploration of precious and base metals, primarily gold, in strategic locations known for their mineral richness.

How the Company Makes Money

Vior Inc. generates revenue through the exploration and development of mining properties, which involves identifying valuable mineral deposits and either developing these projects into producing mines or selling them to larger mining companies. Revenue is primarily derived from the sale of assets, joint ventures, or royalties obtained from its mining projects. Key revenue streams include exploration activities that lead to the discovery of commercially viable mineral deposits, which can then be sold or leased to other companies. Strategic partnerships with larger mining corporations or investments from institutional investors also play a significant role in funding Vior's exploration activities and contribute to its earnings.

Vior Inc. Financial Statement Overview

Summary

Vior Inc. faces significant challenges in achieving operational profitability, as indicated by negative gross and EBIT margins. The balance sheet shows a strong equity base and low leverage, but cash flow statements highlight the need for improved cash generation from operations. The company's financial health is unstable, requiring better revenue generation and cost control.

Income Statement

Vior Inc.'s income statement reflects significant challenges in achieving profitability. The TTM data shows negative gross profit and EBIT margins, indicating high costs relative to revenues. Although the net income improved to a positive figure, revenue growth is inconsistent with periods of zero revenue, which is a concern for sustainable growth. The mining industry can experience volatile revenue, and Vior Inc. appears to be struggling with revenue generation and cost management.

Balance Sheet

The balance sheet indicates a relatively stable financial position with low total debt compared to equity, resulting in a favorable debt-to-equity ratio. The equity ratio is strong, reflecting a good proportion of equity finance. However, the return on equity is volatile, fluctuating with changes in net income. The company's cash reserves are healthy, but the reliance on financing activities raises concerns about long-term sustainability if operating cash flows do not improve.

Cash Flow

Cash flow analysis reveals challenges in generating positive operating and free cash flows, with negative free cash flow over the TTM. The operating cash flow to net income ratio is unfavorable, indicating inefficiencies in converting income to cash. Although financing cash flows are robust, they primarily support negative free cash flows, suggesting potential issues if external financing becomes constrained.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	83.68K	73.16K	1.41K	17.84K
Gross Profit	-61.52K	-47.99K	79.61K	68.34K	-46.58K	15.41K
EBITDA	-979.80K	-759.35K	-978.08K	-640.92K	-709.89K	-558.41K
Net Income	1.90M	2.08M	-565.94K	-1.15M	-2.40M	464.99K
Balance Sheet
Total Assets	75.78M	73.51M	31.65M	10.98M	9.06M	9.05M
Cash, Cash Equivalents and Short-Term Investments	40.48M	42.38M	22.26M	4.39M	2.66M	2.45M
Total Debt	1.34M	54.93K	106.13K	190.99K	230.38K	31.98K
Total Liabilities	12.71M	10.53M	5.66M	1.37M	1.03M	510.08K
Stockholders Equity	63.07M	62.99M	25.99M	9.61M	8.04M	8.54M
Cash Flow
Free Cash Flow	-23.93M	-14.96M	-2.39M	-1.95M	-3.69M	-2.22M
Operating Cash Flow	-1.86M	-2.66M	152.31K	-689.36K	-818.99K	-151.78K
Investing Cash Flow	-31.59M	-34.02M	-6.63M	-1.68M	-2.24M	-2.75M
Financing Cash Flow	42.12M	42.11M	20.67M	3.26M	2.64M	3.72M

Vior Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.12
• 50DMA: Positive
• 100DMA: Positive
• 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:VIO, the sentiment is Positive. The current price of 0.12 is above the 20-day moving average (MA) of 0.11, above the 50-day MA of 0.11, and below the 200-day MA of 0.13, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 57.72 is Neutral, neither overbought nor oversold. The STOCH value of 55.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:VIO.

Vior 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%
BRW	53 Neutral	C$79.15M	-27.12	-13.12%	―	―	74.95%
HWG	53 Neutral	C$59.24M	-47.06	-19.38%	―	―	69.15%
NVO	53 Neutral	C$53.19M	-3.39	-21.84%	―	―	―
VIO	51 Neutral	C$51.95M	19.84	4.26%	―	―	―
KLDC	48 Neutral	C$48.36M	-17.65	-16.97%	―	―	―
UGD	44 Neutral	C$49.62M	-23.24	-141.64%	―	―	35.45%

Vior Inc. Corporate Events

Vior Gold Launches 20,000-Metre Drilling Campaign at Ligneris in Quebec

Vior Gold Corporation has launched a 20,000‑metre drilling program at its 100%-owned Ligneris gold project in Quebec’s Abitibi Greenstone Belt, targeting the vertical and lateral extensions of three main mineralized zones—North, Central and South—that have yielded high-grade historical gold intercepts. With up to three drill rigs being deployed and first assay results expected by the end of January, the company aims to better define what it interprets as a hybrid gold-bearing VMS and orogenic gold system and to rapidly demonstrate continuity and potential resource growth at Ligneris. Backed by more than $40 million in cash and equity and a C$15 million exploration budget for 2026, Vior is prioritizing Ligneris while completing drilling at Belleterre in the first quarter and continuing to seek additional project opportunities, positioning itself for an active year of exploration in Quebec.

The most recent analyst rating on (TSE:VIO) stock is a Hold with a C$0.11 price target. To see the full list of analyst forecasts on Vior Inc. stock, see the TSE:VIO Stock Forecast page.

Vior Inc. to Rebrand as Vior Gold Corporation, Highlighting Gold Exploration Focus

Vior Inc. has announced its intention to change its name to Vior Gold Corporation Inc., subject to TSX Venture Exchange approval, effective December 19, 2025. The renaming reflects continued alignment with its gold exploration focus in Quebec, while maintaining its share structure and all shareholder rights unaltered, ensuring minimal operational impact and seamless continuity for stakeholders.

Vior Inc. Reports Positive Drilling Results and Plans New Campaign

Vior Inc. has announced promising results from its extensive 100,000-metre drill program at the Belleterre Gold Project, revealing significant gold intercepts in various zones, indicating potential for further mineralization at depth. The company is also preparing for a 20,000-metre drilling campaign at the Ligneris Project, targeting key mineralization zones, which could enhance its positioning in the gold exploration sector.