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Equity Metals
(EQTY)
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Rating:41Neutral
Price Target:
C$0.10
▼(-65.71% Downside)
Action:Reiterated
Date:10/02/26
The score is primarily held down by weak financial performance (no revenue, widening losses, and elevated cash burn) despite having no debt. Technicals further pressure the rating, with the stock trading well below major moving averages and negative momentum readings. Valuation offers limited support because the company is loss-making (negative P/E) and no dividend yield is provided.
Positive Factors
Debt-free balance sheet
The absence of reported debt gives Equity Metals greater financial flexibility than a leveraged explorer and limits refinancing and interest-payment pressure. This conservative structure can help preserve operating capacity while the company advances projects and seeks to establish economically viable resources.
Negative Factors
No operating revenue
The absence of operating revenue means Equity Metals has not yet demonstrated commercial production or a self-funding business model. Until exploration produces an economically viable resource and revenue stream, financial performance will remain dependent on capital markets and project funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
The absence of reported debt gives Equity Metals greater financial flexibility than a leveraged explorer and limits refinancing and interest-payment pressure. This conservative structure can help preserve operating capacity while the company advances projects and seeks to establish economically viable resources.
Read all positive factors
Equity Metals (EQTY) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$24.35M
Dividend YieldN/A
Average Volume (3M)846.57K
Price to Earnings (P/E)―
Beta (1Y)3.01
Revenue GrowthN/A
EPS Growth-70.83%
CountryCA
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.04
Shares Outstanding243,511,540
10 Day Avg. Volume1,190,315
30 Day Avg. Volume846,565
Financial Highlights & Ratios
PEG Ratio-0.70
Price to Book (P/B)13.87
Price to Sales (P/S)0.00
P/FCF Ratio-6.43
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)-0.03
Revenue Forecast (FY)N/A
Equity Metals Business Overview & Revenue Model
Company Description
Established in Canada in 1964 and headquartered in Vancouver, Equity Metals Corporation is primarily engaged in the acquisition, exploration, and development of mineral properties throughout the country. The company's efforts are concentrated on i...
How the Company Makes Money
Equity Metals does not have publicly available information indicating recurring operating revenue from producing mines or the sale of mineral products; as an exploration-stage company, it generally does not generate revenue from operations. null...
Equity Metals Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
58
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Nov 2025 | Nov 2024 | Nov 2023 | Nov 2022 | Nov 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -4.79K | -7.04K | -69.52K | -6.91K | -8.37K | -11.04K |
| EBITDA | -10.08M | -5.33M | -4.91M | -2.93M | -5.18M | -4.15M |
| Net Income | -10.04M | -5.42M | -4.08M | -2.91M | -5.01M | -4.21M |
Balance Sheet | ||||||
| Total Assets | 8.98M | 3.73M | 5.50M | 3.34M | 802.49K | 2.17M |
| Cash, Cash Equivalents and Short-Term Investments | 7.36M | 2.80M | 5.00M | 2.95M | 497.52K | 1.79M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 1.64M | 978.14K | 1.53M | 287.50K | 96.86K | 98.07K |
| Stockholders Equity | 7.34M | 2.76M | 3.97M | 3.06M | 705.63K | 2.07M |
Cash Flow | ||||||
| Free Cash Flow | -6.73M | -5.95M | -4.14M | -2.45M | -4.67M | -3.32M |
| Operating Cash Flow | -6.73M | -5.94M | -4.13M | -2.45M | -4.66M | -3.31M |
| Investing Cash Flow | -16.16K | -121.99K | -12.36K | 0.00 | -1.93K | 25.70K |
| Financing Cash Flow | 8.76M | 3.87M | 6.19M | 4.91M | 3.38M | 3.28M |
Equity Metals Technical Analysis
Negative
0.28
Price Trends
0.23
Negative
0.26
Negative
0.31
Negative
Market Momentum
-0.04
Positive
21.97
Positive
16.86
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:EQTY, the sentiment is Negative. The current price of 0.28 is above the 20-day moving average (MA) of 0.17, above the 50-day MA of 0.23, and below the 200-day MA of 0.31, indicating a bearish trend. The MACD of -0.04 indicates Positive momentum. The RSI at 21.97 is Positive, neither overbought nor oversold. The STOCH value of 16.86 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:EQTY.
Equity 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% | |
51 Neutral | C$241.26M | -6.82 | -205.36% | ― | ― | 5.27% | |
45 Neutral | C$54.47M | -4.71 | -42.56% | ― | ― | 25.24% | |
44 Neutral | C$61.80M | -2.23 | -31.80% | ― | 6.78% | 19.11% | |
43 Neutral | C$51.61M | -7.65 | -32.64% | ― | ― | 9.03% | |
41 Neutral | C$24.35M | -2.37 | -180.69% | ― | ― | -70.83% | |
41 Neutral | C$82.21M | -3.91 | 215.19% | ― | -50.78% | -2.27% |
* General Sector Average
TSE:EQTY
Equity Metals
0.11
-0.12
-53.33%
TSE:CTM
Canterra Minerals
0.13
-0.01
-7.14%
TSE:ELR
Eastern Platinum
0.31
0.01
3.39%
TSE:CGNT
Libero Copper & Gold
1.17
0.92
368.00%
TSE:NVRO
EnviroGold Global
0.16
-0.02
-8.82%
TSE:ESAU
Secova Metals
0.47
-0.50
-51.55%
Equity Metals Corporate Events
Business Operations and StrategyFinancial Disclosures
Equity Metals Boosts Silver Queen Mineral Resource in B.C.
Positive
Sep 16, 2026
Equity Metals has reported a substantial update to the mineral resource estimate at its Silver Queen project in British Columbia, incorporating new drilling, updated metal pricing, and refined stope optimization. The revised estimate now outlines ...
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.