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Delta Resources
(DLTA)
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Rating:41Neutral
Price Target:
C$0.18
▲(0.56% Upside)
Action:Reiterated
Date:10/23/26
The score is held down primarily by pre-revenue financials (no revenue, ongoing losses) and sustained cash burn, which imply continued reliance on external financing despite low debt. Technical indicators also show weak momentum (negative MACD and price below key moving averages). Valuation is constrained by negative earnings (negative P/E) and no dividend yield support.
Positive Factors
Debt-Free Balance Sheet
The absence of material debt reduces interest obligations and refinancing exposure, giving Delta greater flexibility while it funds exploration. This conservative capital structure can help preserve project ownership and limit balance-sheet pressure during periods without operating revenue.
Negative Factors
No Commercial Revenue
The absence of revenue shows that Delta has not yet reached a commercial or producing phase, leaving exploration and overhead costs unsupported by sales. Continued losses reduce internally generated capital and make progress dependent on future project results or financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-Free Balance Sheet
The absence of material debt reduces interest obligations and refinancing exposure, giving Delta greater flexibility while it funds exploration. This conservative capital structure can help preserve project ownership and limit balance-sheet pressure during periods without operating revenue.
Read all positive factors
Delta Resources (DLTA) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$31.30M
Dividend YieldN/A
Average Volume (3M)95.37K
Price to Earnings (P/E)―
Beta (1Y)1.09
Revenue GrowthN/A
EPS Growth58.10%
CountryCA
Employees6
SectorGeneral
Sector StrengthN/A
IndustryGold
Share Statistics
EPS (TTM)-0.02
Shares Outstanding164,757,980
10 Day Avg. Volume99,013
30 Day Avg. Volume95,366
Financial Highlights & Ratios
PEG Ratio0.12
Price to Book (P/B)-258.80
Price to Sales (P/S)0.00
P/FCF Ratio-4.26
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
Delta Resources Business Overview & Revenue Model
Company Description
Delta Resources Limited is a Canadian exploration company focused on the acquisition, exploration, and development of gold and base metal projects. The firm has an agreement to acquire 100% ownership of the Delta-1/Eureka project, which includes 2...
How the Company Makes Money
Delta Resources primarily seeks to generate value through mineral exploration and the advancement of exploration-stage properties. Typical monetization pathways for an exploration company include (i) raising capital to fund exploration programs, (...
Delta Resources Financial Statement Overview
Summary
Income Statement
9
Very Negative
Balance Sheet
55
Neutral
Cash Flow
12
Very Negative
| Breakdown | TTM | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -4.00K | -4.82K | -6.92K | -5.66K | -1.83K | -1.14K |
| EBITDA | -4.51M | -6.19M | -6.32M | -8.17M | -4.33M | -1.56M |
| Net Income | -2.04M | -4.39M | -6.09M | -7.11M | -3.94M | -1.52M |
Balance Sheet | ||||||
| Total Assets | 7.07M | 1.01M | 6.24M | 6.81M | 3.47M | 4.42M |
| Cash, Cash Equivalents and Short-Term Investments | 6.63M | 429.98K | 5.65M | 6.10M | 2.99M | 3.61M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 30.00K | 30.00K |
| Total Liabilities | 2.19M | 1.10M | 2.17M | 1.11M | 889.27K | 714.16K |
| Stockholders Equity | 4.88M | -88.41K | 4.07M | 5.71M | 2.58M | 3.70M |
Cash Flow | ||||||
| Free Cash Flow | -3.60M | -5.37M | -5.24M | -7.21M | -3.48M | -1.26M |
| Operating Cash Flow | -3.60M | -5.37M | -5.24M | -7.19M | -3.48M | -1.26M |
| Investing Cash Flow | 0.00 | -1.25K | -150.00K | -20.11K | 220.42K | 0.00 |
| Financing Cash Flow | 6.42M | -523.00 | 4.95M | 10.32M | 2.64M | 3.66M |
Delta Resources Technical Analysis
Negative
0.18
Price Trends
0.20
Negative
0.19
Positive
0.19
Negative
Market Momentum
>-0.01
Positive
38.70
Neutral
24.44
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:DLTA, the sentiment is Negative. The current price of 0.18 is below the 20-day moving average (MA) of 0.20, below the 50-day MA of 0.20, and below the 200-day MA of 0.19, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 38.70 is Neutral, neither overbought nor oversold. The STOCH value of 24.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:DLTA.
Delta Resources Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
48 Neutral | C$18.51M | -5.77 | -89.43% | ― | ― | 25.71% | |
43 Neutral | C$15.01M | -17.80 | -2.65% | ― | ― | ― | |
43 Neutral | C$15.31M | -1.23 | -161.75% | ― | ― | -78.95% | |
42 Neutral | C$10.71M | -5.41 | -36.04% | ― | ― | 42.64% | |
41 Neutral | C$31.30M | -12.75 | -133.88% | ― | ― | 58.10% |
* General Sector Average
TSE:DLTA
Delta Resources
0.19
0.02
15.15%
TSE:BARU
Baru Gold
0.05
-0.04
-43.75%
TSE:OMM
Omineca Mining and Metals
0.04
-0.02
-33.33%
TSE:OCI
Orefinders Resources
0.14
0.05
55.56%
TSE:GRC
Gold Springs Resource
0.05
-0.03
-37.65%
TSE:KALO
Kalo Gold Holdings
0.13
-0.25
-65.79%
Delta Resources Corporate Events
Business Operations and Strategy
Delta Resources advances Delta-1 with property-wide till program and expanded drilling
Positive
Oct 6, 2026
Delta Resources Limited is expanding exploration at its flagship Delta-1 Gold Project in northwestern Ontario, a 340-square-kilometre property hosting multiple gold-bearing corridors within a large, near-surface system. The company is targeting fu...
Business Operations and Strategy
Delta Resources Extends I-Zone Gold Mineralization at Delta-1 Project
Positive
Sep 21, 2026
Delta Resources has reported initial channel-sampling results that extend known gold mineralization at the I-Zone by more than 400 metres eastward at its Delta-1 Gold Project in Ontario. Recent trench results and high-grade outcrop samples suggest...
Business Operations and Strategy
Delta Resources to Highlight Delta-1 Gold Project at Beaver Creek Summit
Positive
Sep 18, 2026
Delta Resources Limited, a Canadian mineral exploration firm, is centred on the Delta-1 Gold Project in Ontario, a large near-surface gold system west of Thunder Bay. The 340-square-kilometre property hosts the Eureka Gold Deposit, which extends o...
Business Operations and StrategyExecutive/Board Changes
Delta bolsters board and technical depth with new directors and option grants
Positive
Sep 1, 2026
Delta Resources has strengthened its board and technical governance by appointing veteran geologist Zach Flood and seasoned metallurgist and mining executive Joseph C. Milbourne as directors. Both will also sit on the company’s technical com...
Business Operations and StrategyShareholder Meetings
Delta Resources Shareholders Back Board and Incentive Plan at AGM
Positive
Aug 25, 2026
Delta Resources Limited reported that shareholders approved all resolutions at the company’s annual and special meeting held on August 20, 2026. The vote reaffirmed the existing board of directors, confirmed the appointment of Raymond Chabot...
Business Operations and StrategyM&A Transactions
Delta Resources secures full ownership of Gold Creek Property, avoids dilution with cash deal
Positive
Aug 6, 2026
Delta Resources has completed the acquisition of a 100 per cent interest in the Gold Creek Property, which hosts the high-grade I-Zone prospect within its 340 square kilometre Delta-1 Gold Project near Thunder Bay, Ontario. The property comprises ...
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.