Vior Inc. (VIO) AI Stock Analysis

• Market Cap: C$56.11M
• Dividend Yield: N/A
• Average Volume (3M): 461.31K
• Price to Earnings (P/E): 21.4
• Beta (1Y): 1.28
• 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$0.15 ▲(25.83% 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

Balance Sheet Strength

A very lightly levered balance sheet gives durable financial flexibility: it reduces refinancing risk, allows the company to fund exploration or development outlays over several quarters, and provides capacity to withstand operating losses while pursuing value-accretive projects.

Equity Capital Growth

Substantial equity growth improves the company’s capital cushion, lowering solvency risk and supporting continued project funding without immediate debt. Over 2–6 months this stronger capitalization increases runway and strategic optionality for reserves delineation or permitting efforts.

Improving Free Cash Flow Trend

An improving free cash flow trend indicates management is reducing cash burn or prioritizing higher-return activities. While absolute FCF remains negative, the directional improvement suggests operational discipline that can materially lower financing needs over the medium term.

Negative Factors

No Revenue and Operating Losses

The absence of revenue and persistent negative gross profit show the company is not yet a self-sustaining operating entity. Over months this undermines ability to generate organic cash, forces continued external funding, and elevates execution risk for any development timelines.

Weak Cash Generation and Deep FCF Deficit

Persistently negative operating cash flow and deeply negative free cash flow signal reliance on financing rather than internal cash to fund activity. This structural cash deficit increases dilution or debt risk and constrains capacity to scale operations or respond to setbacks.

Earnings Quality Concerns

Reported net income that stems from non-operating items, not core operations, implies low earnings quality. This makes profitability fragile and unlikely to persist absent revenue generation, reducing the reliability of reported profits for forecasting and capital allocation decisions.

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

Overall fundamentals are weak despite a strong balance sheet. The income statement shows zero revenue and ongoing operating losses, while cash flow remains negative with deeply negative free cash flow (continued cash burn). The main offset is low leverage and solid capitalization, which provides funding flexibility but does not yet translate into sustainable operating performance.

Income Statement

TTM (Trailing-Twelve-Months) and the latest annual period show zero reported revenue and negative gross profit, with sizable operating losses (EBITDA and EBIT negative), which points to a business still in the investment/exploration phase rather than a self-funding operation. Net income is positive in the last two periods (TTM and FY2025), but given the lack of revenue and continued operating losses, profitability appears driven by non-operating items and is less durable. Earlier years showed modest revenue but persistent losses, indicating an uneven and still-unproven earnings profile.

Balance Sheet

The balance sheet is a clear strength: leverage is very low across periods (debt-to-equity remains minimal), and equity has grown substantially versus earlier years, suggesting strong capitalization. Total assets and equity are large relative to debt, providing flexibility to fund ongoing work. The main weakness is that returns on equity are modest and not consistently supported by operating performance, so balance-sheet strength does not yet translate into steady business profitability.

Cash Flow

Cash generation is weak: operating cash flow is negative in TTM (Trailing-Twelve-Months) and the latest annual period, and free cash flow is deeply negative, indicating continued cash burn. While free cash flow growth is positive in TTM (i.e., burn improved versus the prior period), the absolute level of spending remains high and not supported by operating inflows. Overall, the company appears reliant on financing rather than internally generated cash to sustain activity.

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: Positive
• MACD: Positive
• 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 below the 20-day moving average (MA) of 0.14, below the 50-day MA of 0.12, and below the 200-day MA of 0.13, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 52.59 is Neutral, neither overbought nor oversold. The STOCH value of 64.29 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$62.27M	-20.34	-13.12%	―	―	74.95%
HWG	53 Neutral	C$41.47M	-24.35	-19.38%	―	―	69.15%
VIO	51 Neutral	C$56.11M	21.43	4.26%	―	―	―
KLDC	48 Neutral	C$41.11M	-15.00	-16.97%	―	―	―
NVO	47 Neutral	C$53.19M	-3.39	-21.84%	―	―	―
UGD	47 Neutral	C$60.15M	-28.17	-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.