Condor Resources (CN) AI Stock Analysis

Condor Resources

(TSXV:CN)

Select Model

Rating:39Underperform

Price Target:CAD 0.12▼(-5.60% Downside)

Action:downgraded

Date:10/31/26

The overall score is 39, driven primarily by the company's lack of revenue, persistent losses, and negative cash flow. Its debt-free balance sheet is a mitigating strength, but weak technical momentum and the absence of earnings or dividend-based valuation support keep the stock in the highest-risk range.

Positive Factors

Debt-free balance sheetEffectively zero debt reduces refinancing pressure and preserves financial flexibility during exploration cycles. This gives Condor more room to allocate capital toward geological work and drilling without the additional fixed obligations that leveraged companies must service.

Negative Factors

No operating revenueThe absence of revenue means Condor currently lacks an operating income stream to fund exploration or demonstrate commercial scale. Until projects progress beyond exploration, the company remains dependent on capital resources rather than internally generated business revenue.

Condor Resources (CN) vs. iShares MSCI Canada ETF (EWC)

Market Cap: CAD 18.99M
Dividend Yield: ―
Average Volume (3M): 26.39K
Price to Earnings (P/E): -14.5
Beta (1Y): 0.35
Revenue Growth: ―
EPS Growth: 74.56%
Country: Canada
Employees: 0
Sector: General
Sector Strength: 55
Industry: Other Precious Metals

Condor Resources Business Overview & Revenue Model

Company Description

This exploration-stage enterprise, Condor Resources Inc., concentrates its efforts on securing, investigating, and developing mineral properties within Peru. The firm targets a variety of deposits, including those rich in gold, silver, copper, lead,...

Condor Resources Financial Statement Overview

Summary

Financial performance is very weak: the company has no revenue, recurring losses, and persistently negative operating and free cash flow. A debt-free balance sheet and approximately $5.8 million of shareholder equity provide some support, but ongoing cash burn and likely future funding needs keep the score at the minimum.

Income Statement

18Very Negative

Balance Sheet

62Positive

Cash Flow

24Negative

Financial statement breakdown
Breakdown	TTM	May 2026	Feb 2026	May 2025	May 2024	May 2023
Income Statement
Total Revenue	0	0	0	0	0	0
Gross Profit	-111.09K	-111.09K	0	-39.90K	―	―
EBITDA	565.96K	-848.80K	-1.82M	-113.82K	-240.39K	0
Net Income	-4.74M	-4.74M	-1.47M	1.22M	439.40K	119.53K
Balance Sheet
Total Assets	5.92M	5.92M	6.22M	10.50M	7.19M	6.33M
Cash, Cash Equivalents and Short-Term Investments	268.81K	268.81K	175.93K	2.28M	671.04K	359.81K
Total Debt	0	0	0	0	40.00K	40.00K
Total Liabilities	219.02K	219.02K	507.13K	131.48K	141.75K	141.87K
Stockholders Equity	5.70M	5.70M	5.71M	10.37M	7.05M	6.19M
Cash Flow
Free Cash Flow	-1.15M	-764.58K	-1.13M	-417.25K	-1.30M	-1.08M
Operating Cash Flow	-764.58K	-764.58K	-1.13M	-413.84K	-399.85K	-341.42K
Investing Cash Flow	-692.76K	-692.76K	4,094	-492.70K	668.02K	-115.11K
Financing Cash Flow	0	0	1.07M	2.06M	0	171.00K

Condor Resources Technical Analysis

Technical Analysis SentimentNegative

Last Price0.13

Price Trends

50DMA0.15Negative

100DMA0.15Negative

200DMA0.16Negative

Market Momentum

MACD-0.01Negative

RSI34.75Neutral

STOCH33.33Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CN, the sentiment is Negative. The current price of 0.13 is below the 20-day moving average (MA) of 0.14, below the 50-day MA of 0.15, and below the 200-day MA of 0.16, indicating a bearish trend. The MACD of -0.01 indicates Negative momentum. The RSI at 34.75 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:CN.

Condor Resources Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TSE:CN against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TSE:ARU	48Neutral	CAD 27.77M	-0.79	113.17%	―	―	-80.76%
TSE:CAM	46Neutral	CAD 88.37M	-11.93	-36.02%	―	―	60.00%
TSE:MRZ	42Neutral	CAD 26.58M	-8.06	-2918.94%	―	―	70.90%
TSE:SBMI	41Neutral	CAD 14.25M	-3.25	-534.01%	―	―	―
TSE:CN	39Underperform	CAD 18.79M	-14.53	-21.65%	―	―	74.56%
TSE:TSLV	37Underperform	CAD 14.23M	-2.53	-192.11%	―	―	-37.34%

* General Sector Average

Performance Comparison

TSE:CN and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TSE:CN	Condor Resources	0.13	-0.04	-21.88%
TSE:ARU	Aurania Resources	0.21	0.04	23.53%
TSE:MRZ	Mirasol Resources	0.30	-0.14	-31.82%
TSE:TSLV	Tier One Silver, Inc.	0.06	-0.06	-52.17%
TSE:SBMI	Silver Bullet Mines Corp	0.10	-0.19	-64.41%
TSE:CAM	Cascadia Minerals Ltd	0.41	0.22	112.82%

Condor Resources Corporate Events

Business Operations and StrategyPrivate Placements and Financing

Condor Restructures Lucero Project Deal to Strengthen Funding for Peru Exploration

Positive

Aug 10, 2026

Condor Resources Inc. has agreed with Element79 Gold Corp. to restructure payment terms for the Lucero gold-silver project in Peru, resolving a missed US$1.1 million payment from June 2025 and setting a clearer timetable for remaining consideration....

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.

Date of analysis: Oct 31, 2026

Condor Resources AI Stock Analysis