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Norseman Capital (FTZ) AI Stock Analysis
Norseman Capital
(TSXV:FTZ)
The score is primarily weighed down by weak financial performance—no revenue, widening losses, and deteriorating free cash flow—despite a low-leverage balance sheet. Technicals are only mildly constructive with the price near/above moving averages but neutral momentum indicators, while valuation is constrained by a negative P/E and no dividend support.
Norseman Capital (FTZ) vs. iShares MSCI Canada ETF (EWC)
- Market Cap
- CAD 171.46M
- Dividend Yield
- ―
- Average Volume (3M)
- 198.99K
- Price to Earnings (P/E)
- -21.3
- Beta (1Y)
- 1.49
- Revenue Growth
- ―
- EPS Growth
- -5.17%
- Country
- Canada
- Employees
- 11
- Sector
- General
- Sector Strength
- 55
- Industry
- Other Precious Metals
Norseman Capital Business Overview & Revenue Model
Company Description
Fitzroy Minerals Inc., an emerging natural resource enterprise, concentrates its efforts on the procurement, exploration, and advancement of mineral assets. The company's operations extend across Canada, Chile, and Argentina, where its primary explor...
Norseman Capital Financial Statement Overview
Summary
Overall fundamentals are weak: the company reports zero revenue across periods, widening losses into TTM (EBIT -7.5M; net income -7.2M), and accelerating cash burn (TTM operating cash flow -1.9M; free cash flow -8.6M). The main offsetting strength is a clean balance sheet with no debt and higher equity, but negative ROE (~-15.6%) indicates capital is being consumed.
Income Statement
12Very NegativeBalance Sheet
54NeutralCash Flow
18Very Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | 0 | 0 | 0 | 0 | 0 | 0 |
| EBITDA | -7.52M | -4.45M | -1.69M | -5.06M | -1.21M | -3.13M |
| Net Income | -7.17M | -4.34M | -1.69M | -5.07M | -1.22M | -3.13M |
Balance Sheet | ||||||
| Total Assets | 57.27M | 35.94M | 5.74M | 2.17M | 6.56M | 5.46M |
| Cash, Cash Equivalents and Short-Term Investments | 23.86M | 13.13M | 1.63M | 221.46K | 980.58K | 1.15M |
| Total Debt | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 583.45K | 768.34K | 327.93K | 18.18K | 289.61K | 467.56K |
| Stockholders Equity | 56.69M | 35.17M | 5.41M | 2.15M | 6.27M | 5.00M |
Cash Flow | ||||||
| Free Cash Flow | -8.59M | -6.56M | -1.92M | -1.48M | -2.05M | -2.63M |
| Operating Cash Flow | -1.86M | -1.77M | -1.09M | -947.07K | -1.06M | -1.92M |
| Investing Cash Flow | -12.03M | -4.79M | -1.38M | -536.85K | -1.05M | -736.00K |
| Financing Cash Flow | 27.48M | 18.14M | 3.88M | 724.80K | 1.94M | 3.45M |
Norseman Capital Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:FTZ, the sentiment is Positive. The current price of 0.52 is above the 20-day moving average (MA) of 0.50, above the 50-day MA of 0.46, and above the 200-day MA of 0.45, indicating a bullish trend. The MACD of 0.02 indicates Positive momentum. The RSI at 57.77 is Neutral, neither overbought nor oversold. The STOCH value of 43.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:FTZ.
Norseman Capital Peers Comparison
Overall Rating
TSE:SCOT57Neutral
TSE:PGLD49Neutral- TSE:FTZ46Neutral
TSE:VML44Neutral
TSE:ARK42Neutral
TSE:NAU38Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TSE:SCOT | 57Neutral | CAD 175.78M | -10.17 | -55.99% | ― | ― | -55.72% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TSE:PGLD | 49Neutral | CAD 336.56M | -10.82 | -284.95% | ― | ― | -2078.18% |
| TSE:FTZ | 46Neutral | CAD 171.46M | -21.31 | -15.57% | ― | ― | -5.17% |
| TSE:VML | 44Neutral | CAD 49.91M | -34.58 | -11.59% | ― | ― | 39.20% |
| TSE:ARK | 42Neutral | CAD 140.75M | -10.18 | -58.26% | ― | ― | 28.94% |
| TSE:NAU | 38Underperform | CAD 92.69M | -6.97 | -23.08% | ― | ― | -48.92% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TSE:FTZ | Norseman Capital Ltd. | 0.52 | 0.20 | 60.00% | |
| TSE:SCOT | Scottie Resources Corp. | 2.15 | 0.54 | 33.54% | |
| TSE:NAU | Nevgold Corp | 0.53 | -0.14 | -20.90% | |
| TSE:VML | Viscount Mining | 0.37 | -0.25 | -40.32% | |
| TSE:PGLD | P2 Gold Inc. | 1.15 | 0.77 | 206.67% | |
| TSE:ARK | Arras Minerals Corp | 0.98 | 0.16 | 19.51% |
Norseman Capital Corporate Events
Fitzroy Minerals Uses Machine Learning to Map Nine New Copper Targets in Chile
PositiveFitzroy Minerals has partnered with Fleet Space Technologies to apply machine-learning to an integrated set of 3D seismic, geophysical and drilling data at the Buen Retiro Copper Project in Chile. The study has produced a ranked portfolio of nine new...
Fitzroy Minerals Secures C$1.95 Million from Full Early Warrant Exercise
PositiveFitzroy Minerals has strengthened its balance sheet after investors fully exercised 7,804,036 warrants issued in a 2024 private placement, raising approximately C$1.95 million at an exercise price of C$0.25 per share. Management views the across-the-...
Fitzroy Minerals Metallurgical Tests Boost Heap-Leach Case at Chile’s Buen Retiro
PositiveFitzroy Minerals reported initial metallurgical results from SGS Laboratories showing that mini-column heap-leach tests at its Buen Retiro Copper Project delivered total copper recoveries of up to 82.6% across three geometallurgical units, with low-t...
Fitzroy Minerals Hits Record Copper Grades and Extends Buen Retiro Trend in Chile
PositiveFitzroy Minerals has reported its highest-grade copper intercept to date and materially extended the strike length of the main mineralized trend at the Buen Retiro Copper Project in Chile. Recent drilling at the Tenorita, Manto Negro and adjacent are...
Fitzroy Minerals Flags Major Porphyry Targets at Caballos After Deep IP Survey
PositiveFitzroy Minerals has reported results from a deep ground-based induced polarization and resistivity survey at its Caballos Copper Project in Chile, which identified multiple large chargeability and conductivity anomalies consistent with porphyry-styl...
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 01, 2026