Want to see TSE:ECU full AI Analyst Report?
Top Page
Element 29 Resources
(ECU)
Select Model
Select Model
Rating:48Neutral
Price Target:
C$1.50
▼(-11.24% Downside)
Action:Reiterated
Date:08/29/26
The score is primarily held back by weak financial performance driven by a pre-revenue model, ongoing losses, and continued cash burn. Technicals are mixed (longer-term trend support but near-term softness), while valuation metrics provide limited support due to a negative P/E and no dividend yield data.
Positive Factors
Minimal leverage
Extremely low leverage limits debt-service pressure and preserves financial flexibility while projects are advanced. This is particularly important for a pre-revenue explorer, where funding must support exploration rather than interest obligations.
Negative Factors
No operating revenue
The absence of operating revenue means the company has no internally generated sales to fund exploration or corporate costs. Financial progress therefore depends on project advancement and eventual commercialization, transactions or strategic funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Minimal leverage
Extremely low leverage limits debt-service pressure and preserves financial flexibility while projects are advanced. This is particularly important for a pre-revenue explorer, where funding must support exploration rather than interest obligations.
Read all positive factors
Element 29 Resources (ECU) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$345.42M
Dividend YieldN/A
Average Volume (3M)94.32K
Price to Earnings (P/E)―
Beta (1Y)0.20
Revenue GrowthN/A
EPS Growth-13.58%
CountryCA
Employees1
SectorGeneral
Sector StrengthN/A
IndustryCopper
Share Statistics
EPS (TTM)-0.03
Shares Outstanding196,259,460
10 Day Avg. Volume102,284
30 Day Avg. Volume94,318
Financial Highlights & Ratios
PEG Ratio0.90
Price to Book (P/B)7.09
Price to Sales (P/S)0.00
P/FCF Ratio-117.88
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
Element 29 Resources Business Overview & Revenue Model
Company Description
Element 29 Resources Inc. is an exploration and development company focused on mineral properties throughout Peru. The company's primary objective involves discovering and assessing deposits of copper, molybdenum, gold, silver, lead, zinc, and oth...
How the Company Makes Money
Element 29 Resources is a pre-revenue mineral exploration and development company; it generally does not generate operating revenue from the sale of copper or other metals because it is not a producing miner. As a result, it typically funds operat...
Element 29 Resources Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
72
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Mar 2026 | Dec 2024 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -39.46K | -54.70K | -58.94K | -39.67K | -17.76K | -5.14K |
| EBITDA | -4.78M | -2.64M | -7.08M | -1.36M | -3.09M | -2.90M |
| Net Income | -4.68M | -2.57M | -7.15M | -1.92M | -5.24M | -2.91M |
Balance Sheet | ||||||
| Total Assets | 58.17M | 24.37M | 13.30M | 15.93M | 14.54M | 17.80M |
| Cash, Cash Equivalents and Short-Term Investments | 36.39M | 7.57M | 1.19M | 1.23M | 1.10M | 7.83M |
| Total Debt | 60.60K | 77.01K | 13.61K | 43.76K | 40.00K | 40.00K |
| Total Liabilities | 1.25M | 1.50M | 459.39K | 177.01K | 460.74K | 791.34K |
| Stockholders Equity | 56.92M | 22.87M | 12.84M | 15.75M | 14.08M | 17.01M |
Cash Flow | ||||||
| Free Cash Flow | -3.35M | -1.38M | -1.31M | -3.26M | -7.47M | -5.20M |
| Operating Cash Flow | -1.68M | -1.35M | -1.31M | -1.86M | -2.23M | -2.01M |
| Investing Cash Flow | -7.44M | -3.68M | -2.31M | -1.38M | -5.25M | -3.22M |
| Financing Cash Flow | 45.21M | 11.41M | 3.58M | 3.39M | 720.00K | 6.84M |
Element 29 Resources Technical Analysis
Positive
1.69
Price Trends
1.66
Positive
1.52
Positive
1.33
Positive
Market Momentum
0.02
Positive
57.37
Neutral
59.77
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ECU, the sentiment is Positive. The current price of 1.69 is below the 20-day moving average (MA) of 1.74, above the 50-day MA of 1.66, and above the 200-day MA of 1.33, indicating a bullish trend. The MACD of 0.02 indicates Positive momentum. The RSI at 57.37 is Neutral, neither overbought nor oversold. The STOCH value of 59.77 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:ECU.
Element 29 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% | |
55 Neutral | C$141.50M | -7.56 | -20.88% | ― | ― | 12.46% | |
51 Neutral | C$402.78M | -50.53 | -9.42% | ― | ― | -324.25% | |
49 Neutral | C$214.85M | -5.64 | 37.58% | ― | 12680.54% | -280.19% | |
48 Neutral | C$345.42M | -63.31 | -14.87% | ― | ― | -13.58% | |
47 Neutral | C$129.18M | -126.39 | -2.25% | ― | ― | 96.04% |
* General Sector Average
TSE:ECU
Element 29 Resources
1.76
1.21
217.12%
TSE:HI
Highland Copper
0.18
0.06
59.09%
TSE:LA
Los Andes Copper
13.25
5.85
79.05%
TSE:GCU
Gunnison Copper
0.43
0.16
63.46%
TSE:VCU
Vizsla Copper
1.57
0.52
49.52%
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.