Vulcan Minerals Inc (TSE:VUL)
:VUL
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Vulcan Minerals
(VUL)
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Rating:52Neutral
Price Target:
C$0.29
▲(60.00% Upside)
Action:ReiteratedDate:05/02/26
The score is held back primarily by weak financial performance—minimal revenue, negative margins, and ongoing cash burn—despite a strong, low-leverage balance sheet. Technicals are a clear near-term positive with the price above major moving averages and positive momentum. Valuation is a headwind due to the high P/E and no dividend yield data.
Positive Factors
Balance Sheet Strength
A near-zero debt profile and equity-funded capital structure materially reduce insolvency and interest-rate risk for an exploration company. This durable financial flexibility supports multi-year exploration cycles, allows management to pursue drilling without meaningful debt servicing constraints, and preserves optionality to raise capital on better terms when needed.
Negative Factors
No Commercial Revenue
Effectively zero trailing revenue indicates the company has not yet commercialized assets or products, leaving operations dependent on financing rather than internal cash generation. Over 2–6 months this structural lack of revenue constrains the firm’s ability to become self-sustaining and increases dilution and execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
A near-zero debt profile and equity-funded capital structure materially reduce insolvency and interest-rate risk for an exploration company. This durable financial flexibility supports multi-year exploration cycles, allows management to pursue drilling without meaningful debt servicing constraints, and preserves optionality to raise capital on better terms when needed.
Read all positive factors
Vulcan Minerals (VUL) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$39.44M
Dividend YieldN/A
Average Volume (3M)60.06K
Price to Earnings (P/E)―
Beta (1Y)1.44
Revenue GrowthN/A
EPS Growth-71.55%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.01
Shares Outstanding129,309,270
10 Day Avg. Volume60,780
30 Day Avg. Volume60,058
Financial Highlights & Ratios
PEG Ratio-0.13
Price to Book (P/B)0.59
Price to Sales (P/S)0.00
P/FCF Ratio-41.79
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
Vulcan Minerals Business Overview & Revenue Model
Company Description
Vulcan Minerals Inc., a mineral exploration company, engages in acquisition, evaluation, and exploration of mineral properties in Newfoundland and Labrador. It primarily explores for copper, gold, nickel, cobalt, salt, and gypsum deposits. The com...
How the Company Makes Money
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Vulcan Minerals Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
24
Negative
| Breakdown | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 149.39K | 0.00 | 0.00 | 0.00 |
| Gross Profit | -7.46K | -9.32K | -6.43K | -5.83K | -5.76K |
| EBITDA | -971.09K | -486.77K | -446.13K | -1.23M | -1.97M |
| Net Income | -2.57M | -1.49M | -774.88K | -2.76M | 34.04M |
Balance Sheet | |||||
| Total Assets | 42.57M | 45.25M | 47.45M | 47.73M | 49.30M |
| Cash, Cash Equivalents and Short-Term Investments | 4.50M | 5.62M | 6.47M | 6.15M | 5.45M |
| Total Debt | 0.00 | 0.00 | 30.00K | 30.00K | 28.54K |
| Total Liabilities | 2.83M | 3.32M | 3.78M | 4.13M | 4.19M |
| Stockholders Equity | 39.74M | 41.92M | 43.67M | 43.61M | 45.11M |
Cash Flow | |||||
| Free Cash Flow | -556.97K | -517.62K | -191.28K | -332.58K | -1.49M |
| Operating Cash Flow | -551.72K | -501.56K | -190.00K | -318.26K | -1.48M |
| Investing Cash Flow | -704.34K | -1.67M | -2.76M | -275.59K | -9.19M |
| Financing Cash Flow | 140.68K | 27.60K | 1.26M | 1.29M | 14.93M |
Vulcan Minerals Technical Analysis
Positive
0.18
Price Trends
0.24
Negative
0.22
Positive
0.18
Positive
Market Momentum
>-0.01
Negative
51.26
Neutral
52.38
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:VUL, the sentiment is Positive. The current price of 0.18 is below the 20-day moving average (MA) of 0.22, below the 50-day MA of 0.24, and below the 200-day MA of 0.18, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 51.26 is Neutral, neither overbought nor oversold. The STOCH value of 52.38 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:VUL.
Vulcan Minerals 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% | |
52 Neutral | C$39.44M | -3.62 | 0.62% | ― | ― | -71.55% | |
45 Neutral | C$17.09M | 97.52 | 3.55% | ― | ― | ― | |
45 Neutral | C$13.76M | -2.74 | -26.61% | ― | ― | 76.16% | |
42 Neutral | C$25.15M | 134.27 | -2.46% | ― | ― | ― | |
40 Underperform | C$18.58M | -1.62 | -749.50% | ― | 5.67% | 45.91% |
* Basic Materials Sector Average
TSE:VUL
Vulcan Minerals
0.31
0.22
238.89%
TSE:BEX
Benton Resources
0.07
0.01
16.67%
TSE:LIT
Argentina Lithium & Energy
0.10
0.01
11.11%
TSE:NAM
New Age Metals
0.35
0.22
187.50%
TSE:EMN
Euro Manganese
0.13
-0.09
-40.91%
Vulcan Minerals Corporate Events
Business Operations and Strategy
Vulcan Minerals Pauses Carbonear Drilling After First Hole, Citing Weather Constraints
Neutral
Feb 6, 2026
Vulcan Minerals has completed the first hole of its planned six-hole, 1,200-metre drilling program at the Carbonear zinc-lead SEDEX project in eastern Newfoundland, but has suspended further drilling until spring due to weather-related access issu...
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.