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CANEX Metals
(CANX)
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Rating:49Neutral
Price Target:
C$0.40
▲(32.67% Upside)
Action:Reiterated
Date:09/06/26
The score is held down primarily by weak fundamentals (no revenue, widening losses, and rising cash burn), despite the benefit of a debt-free balance sheet and improved capitalization. Technicals are supportive with a clear uptrend, but momentum appears somewhat stretched. Valuation is constrained by ongoing losses and the lack of dividend support.
Positive Factors
Debt-free balance sheet
A debt-free structure limits mandatory interest and repayment obligations, preserving flexibility while exploration assets are advanced. This gives CANEX greater resilience during funding cycles and avoids the additional financial pressure that leverage would impose on an early-stage business.
Negative Factors
No operating revenue
The absence of revenue means CANEX currently lacks an operating cash engine to fund exploration and corporate expenses. Its financial outcomes therefore remain dependent on project progress and access to external capital, making durable earnings generation contingent on future development success.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A debt-free structure limits mandatory interest and repayment obligations, preserving flexibility while exploration assets are advanced. This gives CANEX greater resilience during funding cycles and avoids the additional financial pressure that leverage would impose on an early-stage business.
Read all positive factors
CANEX Metals (CANX) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$91.82M
Dividend YieldN/A
Average Volume (3M)320.43K
Price to Earnings (P/E)―
Beta (1Y)1.34
Revenue GrowthN/A
EPS Growth-232.26%
CountryCA
Employees389
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.01
Shares Outstanding229,543,350
10 Day Avg. Volume487,164
30 Day Avg. Volume320,426
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
CANEX Metals does not primarily generate operating revenue from producing mines; instead, it typically creates potential value by advancing exploration assets and seeking to monetize them through transactions and capital markets. The company’s eco...
CANEX Metals Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
55
Neutral
Cash Flow
24
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 | -2.25K | -4.73K | -2.13K | -3.38K | -30.00 | -18.00 |
| EBITDA | -2.05M | -492.08K | -247.00K | -463.60K | -781.33K | -805.00K |
| Net Income | -1.95M | -496.82K | -279.00K | -535.40K | -781.36K | -806.00K |
Balance Sheet | ||||||
| Total Assets | 32.56M | 7.60M | 5.97M | 5.92M | 5.77M | 3.88M |
| Cash, Cash Equivalents and Short-Term Investments | 724.44K | 663.91K | 189.13K | 785.75K | 1.77M | 1.82M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 2.35M | 319.77K | 96.15K | 98.25K | 145.09K | 233.70K |
| Stockholders Equity | 30.21M | 7.28M | 5.87M | 5.83M | 5.62M | 3.65M |
Cash Flow | ||||||
| Free Cash Flow | -1.35M | -252.24K | -596.13K | -1.52M | -2.59M | -1.28M |
| Operating Cash Flow | -1.31M | -252.24K | -251.90K | -465.71K | -528.57K | -481.98K |
| Investing Cash Flow | -2.23M | -956.20K | -282.67K | -888.91K | -1.83M | -668.50K |
| Financing Cash Flow | 3.00M | 1.71M | -3.25K | 591.97K | 2.62M | 1.90M |
CANEX Metals Technical Analysis
Positive
0.30
Price Trends
0.26
Positive
0.25
Positive
0.24
Positive
Market Momentum
0.03
Negative
70.11
Negative
65.09
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CANX, the sentiment is Positive. The current price of 0.3 is above the 20-day moving average (MA) of 0.29, above the 50-day MA of 0.26, and above the 200-day MA of 0.24, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 70.11 is Negative, neither overbought nor oversold. The STOCH value of 65.09 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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% | |
54 Neutral | C$36.05M | 14.23 | 10.69% | ― | ― | ― | |
49 Neutral | C$91.82M | -38.83 | -11.17% | ― | ― | -232.26% | |
49 Neutral | C$47.64M | -2.75 | -44.03% | ― | ― | -761.62% | |
43 Neutral | C$34.66M | -0.20 | 4.76% | ― | ― | ― | |
42 Neutral | C$18.45M | -4.20 | -18.49% | ― | ― | 31.25% | |
41 Neutral | C$53.60M | -1.28 | 4706.10% | ― | ― | -131.06% |
* Basic Materials Sector Average
TSE:CANX
CANEX Metals
0.40
0.29
263.64%
TSE:BTR
BonTerra Resources
0.14
-0.06
-29.65%
TSE:JG
Japan Gold
0.06
-0.06
-50.00%
TSE:USGD
American Pacific Mining
0.18
>-0.01
-4.26%
TSE:FUTR
Gold'n Futures Mineral
0.44
-0.56
-56.00%
TSE:RDG
Ridgeline Minerals
0.25
0.08
47.06%
CANEX Metals Corporate Events
Business Operations and StrategyM&A Transactions
CANEX Finalizes Gold Basin Takeover and Ramps Up Exploration in Arizona and B.C.
Positive
Aug 18, 2026
CANEX Metals has initiated the final procedural step to complete its year-long hostile acquisition of Gold Basin Resources, marking the first successful takeover bid of a cease-traded issuer in Canada. The consolidation unites the Gold Range and G...
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.