CANEX Metals Inc (TSE:CANX)
:CANX
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CANEX Metals
(CANX)
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Rating:44Neutral
Price Target:
C$0.21
▲(6.50% Upside)
Action:Reiterated
Date:06/24/26
The score is primarily held down by weak financial performance (pre-revenue, widening losses, and persistent negative free cash flow), only partially offset by a low-debt balance sheet. Technicals are cautious with the stock trading below key short/intermediate moving averages, and valuation is constrained by a negative P/E and no dividend support.
Positive Factors
Very low leverage / strong balance sheet
Extremely low debt relative to equity gives CANEX durable financial flexibility to pursue exploration programs without heavy interest burdens. This conserves optionality, lowers insolvency risk, and preserves capacity to raise or deploy capital efficiently over the next several months.
Negative Factors
Pre-revenue operating model
CANEX is structurally pre-revenue, which means ongoing operations depend on capital markets or asset transactions rather than internal cash generation. This business model exposes investors to dilution and execution risk until resource monetization or revenue begins, a durable limitation.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage / strong balance sheet
Extremely low debt relative to equity gives CANEX durable financial flexibility to pursue exploration programs without heavy interest burdens. This conserves optionality, lowers insolvency risk, and preserves capacity to raise or deploy capital efficiently over the next several months.
Read all positive factors
CANEX Metals (CANX) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$45.99M
Dividend YieldN/A
Average Volume (3M)249.63K
Price to Earnings (P/E)―
Beta (1Y)1.42
Revenue GrowthN/A
EPS Growth-100.00%
CountryCA
Employees389
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding209,027,860
10 Day Avg. Volume54,728
30 Day Avg. Volume249,630
Financial Highlights & Ratios
PEG Ratio-0.76
Price to Book (P/B)2.90
Price to Sales (P/S)0.00
P/FCF Ratio-83.56
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
CANEX Metals Business Overview & Revenue Model
Company Description
CANEX Metals Inc., explores and develops of mineral properties in Canada and the United States. The company explores for gold, copper, and silver deposits. It holds interests in the Gold Range property that consists of 261 lode mining claims and 2...
How the Company Makes Money
null...
CANEX Metals Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
27
Negative
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -3.43K | -4.73K | -2.13K | -3.38K | -30.00 | -18.00 |
| EBITDA | -1.16M | -492.08K | -247.00K | -463.60K | -781.33K | -805.00K |
| Net Income | -1.07M | -496.82K | -279.00K | -535.40K | -781.36K | -806.00K |
Balance Sheet | ||||||
| Total Assets | 36.67M | 7.60M | 5.97M | 5.92M | 5.77M | 3.88M |
| Cash, Cash Equivalents and Short-Term Investments | 2.00M | 663.91K | 189.13K | 785.75K | 1.77M | 1.82M |
| Total Debt | 302.99K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 1.89M | 319.77K | 96.15K | 98.25K | 145.09K | 233.70K |
| Stockholders Equity | 22.29M | 7.28M | 5.87M | 5.83M | 5.62M | 3.65M |
Cash Flow | ||||||
| Free Cash Flow | -1.25M | -252.24K | -596.13K | -1.52M | -2.59M | -1.28M |
| Operating Cash Flow | -887.50K | -252.24K | -251.90K | -465.71K | -528.57K | -481.98K |
| Investing Cash Flow | -1.80M | -956.20K | -282.67K | -888.91K | -1.83M | -668.50K |
| Financing Cash Flow | 4.27M | 1.71M | -3.25K | 591.97K | 2.62M | 1.90M |
CANEX Metals Technical Analysis
Negative
0.20
Price Trends
0.25
Negative
0.25
Negative
0.21
Positive
Market Momentum
>-0.01
Positive
45.40
Neutral
24.24
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CANX, the sentiment is Negative. The current price of 0.2 is below the 20-day moving average (MA) of 0.25, below the 50-day MA of 0.25, and below the 200-day MA of 0.21, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 45.40 is Neutral, neither overbought nor oversold. The STOCH value of 24.24 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:CANX.
CANEX Metals 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% | |
48 Neutral | C$46.32M | -2.24 | -46.34% | ― | ― | -926.97% | |
45 Neutral | C$37.86M | -1.80 | -74.08% | ― | ― | -73.78% | |
45 Neutral | C$27.67M | -6.16 | -22.31% | ― | ― | 17.98% | |
45 Neutral | C$35.67M | >-0.01 | ― | ― | ― | ― | |
44 Neutral | C$45.99M | -36.72 | -7.05% | ― | ― | -100.00% | |
44 Neutral | C$23.07M | 16.24 | 2.73% | ― | ― | ― |
* Basic Materials Sector Average
TSE:CANX
CANEX Metals
0.24
0.16
235.71%
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TSE:USGD
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TSE:RDG
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-18.42%
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.