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Almadex Minerals
(DEX)
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Rating:51Neutral
Price Target:
C$0.43
▼(-0.70% Downside)
Action:Reiterated
Date:08/22/26
The score is held back primarily by weak operating fundamentals and ongoing cash burn (negative operating and free cash flow), despite positive net income that appears influenced by non-operating factors. A debt-free, well-capitalized balance sheet is a meaningful offset, while technical indicators and valuation are broadly neutral and do not strongly improve or worsen the outlook.
Positive Factors
Debt-free balance sheet
The absence of debt and high equity proportion reduce insolvency and financing risk, giving Almadex flexibility to fund exploration, preserve project ownership, and withstand periods when partner funding or capital-market access is weaker.
Negative Factors
Persistent cash burn
Sustained negative operating and free cash flow reduces financial self-sufficiency and can force reliance on equity financing, asset sales, or partners. This may dilute shareholders or constrain exploration spending if funding conditions deteriorate.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
The absence of debt and high equity proportion reduce insolvency and financing risk, giving Almadex flexibility to fund exploration, preserve project ownership, and withstand periods when partner funding or capital-market access is weaker.
Read all positive factors
Almadex Minerals (DEX) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$26.06M
Dividend YieldN/A
Average Volume (3M)47.77K
Price to Earnings (P/E)24.7
Beta (1Y)1.86
Revenue GrowthN/A
EPS Growth49.57%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)0.02
Shares Outstanding61,310,898
10 Day Avg. Volume26,810
30 Day Avg. Volume47,769
Financial Highlights & Ratios
PEG Ratio-0.72
Price to Book (P/B)1.21
Price to Sales (P/S)47.99
P/FCF Ratio-16.20
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
Almadex Minerals Business Overview & Revenue Model
Company Description
Almadex Minerals Ltd. specializes in identifying, acquiring, and exploring sites that contain valuable mineral resources. The company's primary focus lies in the discovery of deposits rich in gold, silver, copper, and molybdenum. Almadex holds sta...
How the Company Makes Money
Almadex Minerals primarily seeks to make money through the exploration-to-partnership pipeline rather than through the sale of mined commodities. Its main potential revenue sources are: (1) option and joint-venture agreements on its mineral proper...
Almadex Minerals Financial Statement Overview
Summary
Income Statement
36
Negative
Balance Sheet
78
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.39M | 725.28K | 44.95K | 647.51K | 6.92M | 3.79M |
| Gross Profit | 873.79K | -552.15K | -163.50K | 297.69K | 6.66M | 2.72M |
| EBITDA | -1.37M | -2.31M | 1.99M | -2.96M | 2.58M | -424.00K |
| Net Income | 1.05M | 806.21K | 2.00M | -2.94M | 3.22M | 12.04M |
Balance Sheet | ||||||
| Total Assets | 28.44M | 29.13M | 28.20M | 26.39M | 28.44M | 25.92M |
| Cash, Cash Equivalents and Short-Term Investments | 17.36M | 20.07M | 13.94M | 17.32M | 19.48M | 19.05M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 535.36K | 444.41K | 395.42K | 590.34K | 443.57K | 1.19M |
| Stockholders Equity | 27.91M | 28.69M | 27.80M | 25.80M | 28.00M | 24.73M |
Cash Flow | ||||||
| Free Cash Flow | -2.10M | -2.15M | -469.00K | -2.13M | 1.18M | -754.11K |
| Operating Cash Flow | -1.67M | -2.11M | -360.00K | -873.50K | 3.36M | 222.52K |
| Investing Cash Flow | -1.28M | -3.21M | -2.97M | -1.26M | -2.17M | 11.79M |
| Financing Cash Flow | -40.79K | -40.79K | 0.00 | -41.75K | -10.13K | 0.00 |
Almadex Minerals Technical Analysis
Negative
0.43
Price Trends
0.41
Positive
0.45
Negative
0.50
Negative
Market Momentum
<0.01
Positive
48.29
Neutral
7.69
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:DEX, the sentiment is Negative. The current price of 0.43 is below the 20-day moving average (MA) of 0.44, above the 50-day MA of 0.41, and below the 200-day MA of 0.50, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 48.29 is Neutral, neither overbought nor oversold. The STOCH value of 7.69 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:DEX.
Almadex 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% | |
55 Neutral | C$43.97M | -21.21 | -11.28% | ― | ― | -21.25% | |
51 Neutral | C$26.06M | 24.71 | 3.71% | ― | ― | 49.57% | |
47 Neutral | C$45.00M | -2.31 | -46.34% | ― | ― | -761.62% | |
45 Neutral | C$36.97M | -5.43 | -138.77% | ― | ― | 46.91% | |
43 Neutral | C$17.08M | -1.38 | -209.70% | ― | ― | -78.95% | |
42 Neutral | C$19.98M | -4.55 | -17.72% | ― | ― | 31.25% |
* Basic Materials Sector Average
TSE:DEX
Almadex Minerals
0.43
-0.01
-2.30%
TSE:JG
Japan Gold
0.07
-0.05
-45.83%
TSE:BAU
Blue Star Gold Corp
0.21
0.05
31.25%
TSE:USGD
American Pacific Mining
0.17
>-0.01
-2.86%
TSE:VLC
Velocity Minerals
0.22
0.03
16.22%
TSE:KALO
Kalo Gold Holdings
0.15
-0.26
-63.75%
Almadex Minerals Corporate Events
Business Operations and StrategyM&A Transactions
Almadex Minerals Monetizes Royalty Portfolio in US$2.5 Million Deal with Empress Royalty
Positive
Aug 5, 2026
Almadex Minerals has completed the sale of a portfolio of net smelter return royalty interests on mineral properties in Canada, the United States and Mexico to Empress Royalty Corp. for total consideration of US$2.5 million. The package includes 1...
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.