2IK Stock Chart & Stats
€1.09
€0.01(0.99%)
At close: 4:00 PM EDT
€1.09
€0.01(0.99%)
Day’s Range― - ―
52-Week Range€0.56 - €1.25
Previous CloseN/A
Volume6.30K
Average Volume (3M)109.00
Market Cap
€254.42M
Enterprise Value€252.95M
Total Cash (Recent Filing)€36.39M
Total Debt (Recent Filing)€60.60K
Price to Earnings (P/E)―
Beta0.39
Next Earnings
Dec 02, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.03
Shares Outstanding196,259,460
10 Day Avg. Volume285
30 Day Avg. Volume109
Financial Highlights & Ratios
PEG Ratio0.90
Price to Book (P/B)7.09
Price to Sales (P/S)0.00
P/FCF Ratio-117.88
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
Bulls Say, Bears Say
Bulls Say
Very Low LeverageExtremely low leverage reduces debt-service demands and near-term solvency pressure, preserving financial flexibility for exploration and project advancement. It also means current cash burn is not being driven by interest obligations, although the company still needs funding to sustain operations.
Growing Capital BaseThe materially larger equity and asset base indicates financing or investment inflows that have strengthened the resources available for exploration. This provides a broader platform for geological work and project development, while improving the company’s ability to pursue milestones before commercialization.
Focused Copper Exploration PlatformA focused copper strategy can concentrate technical expertise and capital on defining and de-risking a principal asset rather than dispersing resources across unrelated commodities. Successful exploration and engineering work could support future project transactions, partnerships, or eventual production.
Bears Say
No Operating RevenueThe absence of operating revenue means the company has not yet demonstrated commercial production or an internally funded business model. Its financial capacity therefore depends on advancing exploration toward a monetizable project, leaving results and future funding closely tied to development progress.
Persistent Net LossesRecurring losses show that current activities consume capital without offsetting sales, and profitability remains structurally weak before commercialization. Continued losses can reduce retained capital over time and make future value creation dependent on successful exploration, project advancement, or external support.
Negative Free Cash FlowNegative operating and free cash flow indicate that ongoing work programs require more cash than the business generates. Accelerating free-cash-flow deterioration increases reliance on external financing until revenue begins, potentially constraining exploration pace and creating recurring capital-raising needs.
Element 29 Resources News
2IK FAQ
What was Element 29 Resources’s price range in the past 12 months?
Element 29 Resources lowest stock price was €0.56 and its highest was €1.25 in the past 12 months.
What is Element 29 Resources’s market cap?
Element 29 Resources’s market cap is €254.42M.
When is Element 29 Resources’s upcoming earnings report date?
Element 29 Resources’s upcoming earnings report date is Dec 02, 2026 which is in 34 days.
How were Element 29 Resources’s earnings last quarter?
Element 29 Resources released its earnings results on Aug 27, 2026. The company reported -€0.011 earnings per share for the quarter.
Is Element 29 Resources overvalued?
According to Wall Street analysts Element 29 Resources’s price is currently Overvalued.
Does Element 29 Resources pay dividends?
Element 29 Resources does not currently pay dividends.
What is Element 29 Resources’s EPS estimate?
Element 29 Resources’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does Element 29 Resources have?
Element 29 Resources has 196,259,460 shares outstanding.
What happened to Element 29 Resources’s price movement after its last earnings report?
Element 29 Resources reported an EPS of -€0.011 in its last earnings report. Following the earnings report the stock price went up 4.808%.
Which hedge fund is a major shareholder of Element 29 Resources?
Currently, no hedge funds are holding shares in DE:2IK
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Element 29 Resources Stock Smart Score
Neutral
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Insider Transactions
Sold Shares
Worth €32.1K over
the Last 3 Months
the Last 3 Months
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
90.56%
12-Months-Change
Fundamentals
Return on Equity
-14.87%
Trailing 12-Months
Asset Growth
325.60%
Trailing 12-Months
Learn more about TipRanks Smart Score
Company Description
Element 29 Resources
Element 29 Resources Inc. is an exploration and development company focused on mineral properties throughout Peru. The company's primary objective involves discovering and assessing deposits of copper, molybdenum, gold, silver, lead, zinc, and other valuable minerals. Its flagship asset, the Flor de Cobre project, situated in Southern Peru, spans approximately 1,927 hectares, comprising seven mining concessions and two additional concession applications. Element 29 also wholly owns several other projects: the Elida project, covering roughly 19,210 hectares across 28 mining concessions in the province of Ocros; the Pahuay Copper Skarn project, encompassing about 700 hectares situated south of Lima; and the Muñaorjo copper project, which totals 1,000 hectares elsewhere in Peru. Incorporated in 2017, Element 29 Resources Inc. maintains its headquarters in Vancouver, Canada.