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East Africa Metals
(EAM)
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Rating:45Neutral
Price Target:
C$0.08
▼(-2.50% Downside)
Action:Reiterated
Date:10/07/26
The score is held down primarily by very weak financial performance (no revenue, worsening losses, and continued cash burn with shrinking equity). Technical indicators are mixed and only modestly supportive in the near term, while valuation metrics provide limited help due to negative earnings and no dividend data.
Positive Factors
Minimal Leverage
Debt-free latest periods reduce near-term solvency pressure and leave fewer mandatory financing claims on a capital-intensive exploration business. This provides some flexibility to direct available funds toward project work or asset transactions, although it does not offset operating losses.
Negative Factors
No Operating Revenue
The absence of revenue means EAM currently lacks an operating income base to fund exploration, corporate costs, or project advancement. Until a project is monetized or reaches production, financial progress depends on discoveries, transactions, partnerships, or external capital rather than recurring business receipts.
Read all positive and negative factors
Positive Factors
Negative Factors
Minimal Leverage
Debt-free latest periods reduce near-term solvency pressure and leave fewer mandatory financing claims on a capital-intensive exploration business. This provides some flexibility to direct available funds toward project work or asset transactions, although it does not offset operating losses.
Read all positive factors
East Africa Metals (EAM) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$25.55M
Dividend YieldN/A
Average Volume (3M)44.34K
Price to Earnings (P/E)―
Beta (1Y)0.04
Revenue GrowthN/A
EPS Growth-408.77%
CountryCA
Employees8
SectorGeneral
Sector StrengthN/A
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.06
Shares Outstanding268,973,570
10 Day Avg. Volume29,915
30 Day Avg. Volume44,336
Financial Highlights & Ratios
PEG Ratio0.61
Price to Book (P/B)1.54
Price to Sales (P/S)0.00
P/FCF Ratio-7.28
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
East Africa Metals Business Overview & Revenue Model
Company Description
East Africa Metals Inc. (EAM.V) is a mineral exploration firm primarily engaged in identifying, acquiring, exploring, developing, and ultimately divesting properties containing both base and precious metals across Ethiopia and Tanzania. The compan...
How the Company Makes Money
EAM’s primary economic model is typical of junior mineral exploration and development companies: it seeks to create value by discovering and advancing mineral deposits and then monetizing those assets rather than generating steady operating revenu...
East Africa Metals Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
28
Negative
Cash Flow
12
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -353.00 | -526.00 | -743.00 | -104.00 | 0.00 | -74.73K |
| EBITDA | -20.75M | -1.79M | -2.08M | -3.00M | -2.39M | -3.01M |
| Net Income | -15.52M | -1.97M | -2.30M | -3.11M | -2.35M | -3.13M |
Balance Sheet | ||||||
| Total Assets | 6.16M | 24.36M | 23.97M | 22.71M | 23.50M | 24.72M |
| Cash, Cash Equivalents and Short-Term Investments | 1.24M | 1.91M | 287.53K | 76.87K | 347.29K | 2.23M |
| Total Debt | 0.00 | 0.00 | 749.26K | 667.72K | 300.00K | 519.78K |
| Total Liabilities | 4.62M | 4.39M | 7.07M | 6.37M | 5.15M | 4.71M |
| Stockholders Equity | 3.46M | 16.55M | 13.10M | 12.82M | 14.79M | 16.63M |
Cash Flow | ||||||
| Free Cash Flow | -2.93M | -3.50M | -1.27M | -262.98K | -1.89M | -3.53M |
| Operating Cash Flow | -2.89M | -3.50M | -1.27M | -262.14K | -1.89M | -3.53M |
| Investing Cash Flow | -88.66K | -28.35K | -46.28K | -58.27K | 0.00 | 2.43M |
| Financing Cash Flow | -545.52K | 5.46M | 1.52M | 50.00K | 0.00 | 3.19M |
East Africa Metals Technical Analysis
Negative
0.08
Price Trends
0.08
Positive
0.08
Negative
0.10
Negative
Market Momentum
<0.01
Negative
48.22
Neutral
93.33
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:EAM, the sentiment is Negative. The current price of 0.08 is below the 20-day moving average (MA) of 0.08, above the 50-day MA of 0.08, and below the 200-day MA of 0.10, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 48.22 is Neutral, neither overbought nor oversold. The STOCH value of 93.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:EAM.
East Africa Metals 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% | |
52 Neutral | C$18.69M | -14.20 | -4.71% | ― | ― | -5.88% | |
46 Neutral | C$27.69M | 1.20 | 38.79% | ― | ― | 14.68% | |
45 Neutral | C$25.55M | -1.37 | -150.84% | ― | ― | -408.77% | |
44 Neutral | C$13.01M | -1.59 | -78.90% | ― | ― | -3811.11% | |
43 Neutral | C$29.37M | -129.55 | -5.67% | ― | ― | 96.51% | |
42 Neutral | C$4.67M | -4.07 | 550.94% | ― | ― | -116.97% |
* General Sector Average
TSE:EAM
East Africa Metals
0.08
-0.05
-36.00%
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0.29
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TSE:TVI
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TSE:NIOB
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-76.47%
East Africa Metals Corporate Events
Business Operations and Strategy
East Africa Metals Hires BullVestor to Boost European Investor Outreach
Positive
Sep 24, 2026
East Africa Metals Inc. has entered into a marketing agreement with Austrian communications agency BullVestor Medien GmBH to bolster its digital investor outreach in Europe. BullVestor, led by general manager Helmut Pollinger, will provide content...
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.