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Eureka Lithium (ERKA) AI Stock Analysis
Eureka Lithium
(CNQX:ERKA)
The overall score of 41 reflects a speculative, high‑risk profile driven primarily by pre‑revenue operations, large and volatile losses, and ongoing cash burn despite a debt‑free balance sheet. Weak technicals, with the price below all major moving averages and bearish momentum, further weigh on the outlook. Valuation adds little support given the negative P/E and absence of dividend data, making the stock suitable mainly for risk‑tolerant investors who accept exploration‑stage uncertainty.
Eureka Lithium (ERKA) vs. iShares MSCI Canada ETF (EWC)
- Market Cap
- CAD 9.46M
- Dividend Yield
- ―
- Average Volume (3M)
- 97.25K
- Price to Earnings (P/E)
- -0.6
- Beta (1Y)
- 2.21
- Revenue Growth
- ―
- EPS Growth
- 6.14%
- Country
- Canada
- Employees
- 0
- Sector
- Basic Materials
- Sector Strength
- 61
- Industry
- Industrial Materials
Eureka Lithium Business Overview & Revenue Model
Company Description
Eureka Lithium Corp. is an emerging mining company dedicated to identifying, exploring, and developing mineral resources throughout Canada. The firm possesses an exclusive right to acquire a 75% ownership share in the North McKinney property, which c...
Eureka Lithium Financial Statement Overview
Summary
Financial performance is very weak, with no revenue, persistent sizeable net losses, and ongoing negative operating and free cash flow, partly mitigated by a debt‑free, equity‑funded balance sheet.
Income Statement
18Very NegativeBalance Sheet
72PositiveCash Flow
28Negative| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | 0 | 0 | 0 | 0 | 0 | 0 |
| EBITDA | -1.49M | -526.76K | -4.49M | -6.06M | -189.61K | -5,016 |
| Net Income | -7.31M | -6.40M | -4.37M | -6.06M | -189.61K | -5,016 |
Balance Sheet | ||||||
| Total Assets | 10.78M | 476.40K | 5.99M | 10.08M | 236.05K | 197.09K |
| Cash, Cash Equivalents and Short-Term Investments | 5.54M | 455.72K | 41.76K | 2.60M | 173.55K | 197.09K |
| Total Debt | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 924.68K | 84.67K | 340.73K | 948.17K | 68.23K | 5,007 |
| Stockholders Equity | 9.86M | 391.73K | 5.65M | 9.13M | 167.82K | 192.08K |
Cash Flow | ||||||
| Free Cash Flow | -1.55M | -453.71K | -3.39M | -6.50M | -176.65K | -9 |
| Operating Cash Flow | -1.55M | -453.71K | -3.39M | -6.44M | -114.15K | -9 |
| Investing Cash Flow | -3.00M | 0 | -20 | -1.26M | -62.50K | 0 |
| Financing Cash Flow | 6.96M | 867.66K | 832.48K | 10.13M | 153.11K | 197.10K |
Eureka Lithium Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ERKA, the sentiment is Negative. The current price of 0.20 is above the 20-day moving average (MA) of 0.19, below the 50-day MA of 0.27, and below the 200-day MA of 0.39, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 40.76 is Neutral, neither overbought nor oversold. The STOCH value of 77.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:ERKA.
Eureka Lithium Peers Comparison
Overall Rating
TSE:OWLI47Neutral
TSE:ILI42Neutral- TSE:ERKA41Neutral
TSE:GRD39Underperform
TSE:NRM36Underperform
TSE:AWCM33Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 61Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
| TSE:OWLI | 47Neutral | CAD 7.75M | -7.45 | 31.85% | ― | ― | 29.23% |
| TSE:ILI | 42Neutral | CAD 5.16M | -25.00 | -2.27% | ― | ― | -550.00% |
| TSE:ERKA | 41Neutral | CAD 9.51M | -0.64 | -135.19% | ― | ― | 6.14% |
| TSE:GRD | 39Underperform | CAD 1.83M | -4.72 | -20.95% | ― | ― | -6.00% |
| TSE:NRM | 36Underperform | CAD 5.31M | -32.09 | -3.49% | ― | ― | 74.29% |
| TSE:AWCM | 33Underperform | CAD 7.00M | -0.72 | -96.75% | ― | ― | -107.05% |
* Basic Materials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TSE:ERKA | Eureka Lithium Corp. | 0.20 | 0.00 | 0.00% | |
| TSE:ILI | Imagine Lithium Inc | 0.01 | -0.03 | -62.50% | |
| TSE:NRM | Noram Lithium Corp | 0.05 | -0.09 | -62.14% | |
| TSE:GRD | Grounded Lithium Corp | 0.03 | -0.03 | -50.00% | |
| TSE:OWLI | One World Lithium | 0.04 | 0.02 | 133.33% | |
| TSE:AWCM | Ameriwest Lithium Inc. | 0.18 | -0.11 | -38.33% |
Eureka Lithium Corporate Events
Eureka Metals Launches Rights Offering, Plans Post-Financing Share Consolidation
NeutralEureka Metals Corp. has launched a rights offering to raise up to $499,134 by issuing one transferable right per existing common share, allowing shareholders of record on November 6, 2026, to subscribe for new shares at $0.01 each until December 1, 2...
Eureka Metals Starts Maiden Drill Program at Québec KM98 Hook Target
PositiveEureka Metals Corp. has launched a maiden diamond drill program at the Hook Target on its KM98 Project in Québec, about 60 kilometres north of Havre-Saint-Pierre. The campaign marks the first subsurface testing of a roughly five-kilometre trend...
Eureka Metals Uncovers Consistent Scandium Mineralization at Québec Titanium Project
PositiveEureka Metals has identified consistent scandium mineralization within titanium-rich zones at its Tyee Titanium Project in Québec, with 34 grab samples averaging 26.8 ppm scandium and peaking at 41 ppm. The findings suggest scandium could become...
Eureka Metals Launches 3D IP Survey to Advance Cabin Lake Drill Targeting
PositiveEureka Metals Corp. is a mineral exploration company focused on advancing precious and base metal projects, notably its Cabin Lake silver-lead-zinc-gold asset in central British Columbia. The project contains several historically identified high-grad...
Eureka Metals Advances KM98 with Roadside Trenching and Upcoming Drill Program
PositiveEureka Metals has completed mechanical stripping and channel sampling at the Roadside Target on its KM98 critical minerals project in Québec, exposing about 100 metres of oxide-rich bedrock and collecting 39 channel samples for laboratory analys...
Eureka Metals Launches First Drill Program at KM98 Hook Target in Québec
PositiveEureka Metals Corp. has outlined a maiden eight-hole diamond drill program at the KM98 Project’s Hook Target in Québec, aiming to test high-grade titanium-bearing oxide mineralization identified along an approximately 5 km prospective tren...
Eureka Metals Starts First Field Program at KM98 Titanium Project in Québec
PositiveEureka Metals Corp. has launched its first exploration campaign at the recently optioned KM98 Titanium Project in Québec, initiating mechanical stripping over a 100 m by 20 m area at the road-accessible Roadside Target. Field crews, managed by I...
Eureka Metals Maps Broad Magnetic Trends at Expanded Tyee Titanium Project
PositiveEureka Metals Corp. has completed a high-resolution airborne magnetic and VLF-EM survey over its now 109 km² Tyee Titanium Project in Québec’s Côte-Nord region. Flown over approximately 2,441 line kilometres with tight 50-metre s...
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: Oct 02, 2026