Elcora Advanced Materials (ERA) AI Stock Analysis

Elcora Advanced Materials

(TSXV:ERA)

Select Model

Rating:37Underperform

Price Target:CAD 0.23▼(-10.00% Downside)

Action:downgraded

Date:09/26/26

The stock scores at the absolute bottom of the range, driven by an existential financial crisis. The company has no revenue, is insolvent, and is burning cash, which is the most significant factor. This is compounded by a persistently bearish technical trend and a negative P/E ratio that confirms the lack of fundamental value. The company's survival is dependent on external financing, making it an extremely high-risk proposition.

Positive Factors

Debt reductionDebt has declined from the prior annual snapshot, providing some evidence of reduced borrowing pressure and potentially lower financing needs. However, this remains only a modest offset because the company still has negative equity and limited financial flexibility.

Negative Factors

Minimal revenue baseNear-zero revenue across most reported periods indicates that the business has not yet established a stable commercial sales base. Without consistent revenue, operating costs cannot be reliably supported, making future growth dependent on successful execution and eventual customer adoption.

Elcora Advanced Materials (ERA) vs. iShares MSCI Canada ETF (EWC)

Market Cap: CAD 4.26M
Dividend Yield: ―
Average Volume (3M): ―
Price to Earnings (P/E): -1.9
Beta (1Y): -0.51
Revenue Growth: ―
EPS Growth: -112.50%
Country: Canada
Employees: 0
Sector: General
Sector Strength: 55
Industry: Industrial Materials

Elcora Advanced Materials Business Overview & Revenue Model

Company Description

Elcora Advanced Materials Corp. focuses on the exploration of mineral properties across Canada. The company, which was originally established in 2011, adopted its current name in February 2016, having previously operated as Elcora Resources Corp. Its...

Elcora Advanced Materials Financial Statement Overview

Summary

Financial health is critically poor. The company has zero revenue, is technically insolvent with negative equity, and is burning cash. While the cash burn rate has slightly improved, the complete lack of sales and deeply negative shareholder equity present an existential risk, justifying the lowest possible score.

Income Statement

1Very Negative

Balance Sheet

1Very Negative

Cash Flow

5Very Negative

Financial statement breakdown
Breakdown	TTM	Jun 2026	Jun 2025	Sep 2024	Jun 2023	Jun 2022
Income Statement
Total Revenue	0	0	0	120.98K	0	0
Gross Profit	-47.75K	0	-14.91K	56.70K	-71.21K	-91.52K
EBITDA	-880.89K	-881.84K	-835.91K	-1.07M	-1.42M	-728.81K
Net Income	-1.11M	-1.08M	-1.00M	-1.26M	-1.60M	-959.09K
Balance Sheet
Total Assets	2.75M	2.75M	1.95M	1.72M	1.86M	1.66M
Cash, Cash Equivalents and Short-Term Investments	684.02K	684.02K	206.64K	14.60K	15.21K	309.13K
Total Debt	2.04M	2.04M	1.62M	1.13M	939.47K	887.46K
Total Liabilities	3.97M	3.97M	4.29M	3.17M	2.19M	1.81M
Stockholders Equity	-1.22M	-1.22M	-2.34M	-1.45M	-320.81K	-143.35K
Cash Flow
Free Cash Flow	-1.94M	-1.95M	-324.19K	-274.13K	-999.23K	-2.51M
Operating Cash Flow	-1.70M	-1.70M	-324.19K	-146.83K	-511.40K	-1.43M
Investing Cash Flow	-243.90K	-243.90K	94.63K	-127.30K	-487.83K	-1.08M
Financing Cash Flow	2.42M	2.42M	414.34K	273.52K	705.31K	2.53M

Elcora Advanced Materials Technical Analysis

Technical Analysis SentimentPositive

Last Price0.26

Price Trends

50DMA0.26Positive

100DMA0.27Negative

200DMA0.30Negative

Market Momentum

MACD0.00Negative

RSI60.24Neutral

STOCH0.00Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ERA, the sentiment is Positive. The current price of 0.26 is above the 20-day moving average (MA) of 0.26, above the 50-day MA of 0.26, and below the 200-day MA of 0.30, indicating a neutral trend. The MACD of 0.00 indicates Negative momentum. The RSI at 60.24 is Neutral, neither overbought nor oversold. The STOCH value of 0.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:ERA.

Elcora Advanced Materials Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TSE:ERA against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TSE:FCI	58Neutral	CAD 26.28M	-15.45	-48.79%	―	―	48.97%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TSE:GEL	43Neutral	CAD 1.36M	-1.14	-160.27%	―	―	-56.55%
TSE:QBAT	41Neutral	CAD 2.82M	-0.34	-313.02%	―	―	-462.29%
TSE:COS	40Underperform	CAD 1.55M	-1.59	148.68%	―	―	―
TSE:PLY	40Underperform	CAD 3.54M	-4.65	-50.61%	―	―	-55.10%
TSE:ERA	37Underperform	CAD 10.93M	-1.86	223.52%	―	―	-112.50%

* General Sector Average

Performance Comparison

TSE:ERA and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TSE:ERA	Elcora Advanced Materials	0.26	0.12	79.31%
TSE:FCI	Green Battery Minerals Inc	0.57	0.38	208.11%
TSE:PLY	Playfair Mining	0.04	-0.05	-55.06%
TSE:QBAT	Quantum Battery Metals Corp.	0.29	-0.24	-44.34%
TSE:GEL	Graphano Energy Ltd.	0.06	-0.13	-66.84%
TSE:COS	Coniagas Battery Metals Inc	0.04	-0.04	-43.75%

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.

Date of analysis: Sep 26, 2026

Elcora Advanced Materials AI Stock Analysis