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iMetal Resources
(IMR)
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Rating:48Neutral
Price Target:
C$0.19
▲(34.29% Upside)
Action:Reiterated
Date:10/02/26
Overall score reflects weak fundamentals driven by no revenue, ongoing losses, and negative free cash flow (largest detractor), partially offset by a low-debt balance sheet with positive equity. Technicals provide a moderate lift as the stock trades above major moving averages with neutral-to-positive momentum, while valuation remains unattractive due to negative earnings and lack of dividend support.
Positive Factors
Low leverage
A near debt-free balance sheet limits leverage pressure and reduces the risk that interest or refinancing obligations constrain exploration spending. Positive equity also provides some financial support, giving the company greater flexibility than a similarly loss-making explorer with substantial borrowings.
Negative Factors
No revenue base
The absence of revenue means the company has not yet demonstrated a commercial operating base or internally funded business model. Over the next several months, continued reliance on exploration outcomes rather than operating sales leaves financial performance highly speculative and limits visibility on self-sustaining growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
A near debt-free balance sheet limits leverage pressure and reduces the risk that interest or refinancing obligations constrain exploration spending. Positive equity also provides some financial support, giving the company greater flexibility than a similarly loss-making explorer with substantial borrowings.
Read all positive factors
iMetal Resources (IMR) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$14.86M
Dividend YieldN/A
Average Volume (3M)150.37K
Price to Earnings (P/E)―
Beta (1Y)-0.33
Revenue GrowthN/A
EPS Growth42.48%
CountryCA
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryGold
Share Statistics
EPS (TTM)-0.08
Shares Outstanding72,489,690
10 Day Avg. Volume65,962
30 Day Avg. Volume150,370
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)0.49
Price to Sales (P/S)0.00
P/FCF Ratio-2.38
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
iMetal Resources Business Overview & Revenue Model
Company Description
iMetal Resources Inc. is a junior mining exploration firm dedicated to identifying, acquiring, advancing, and assessing mineral properties across the Canadian provinces of Ontario and Quebec. Its primary exploration targets include both precious a...
iMetal Resources Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
62
Positive
Cash Flow
18
Very Negative
| Breakdown | Aug 2025 | Aug 2024 | May 2023 | Aug 2022 | Aug 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -654.00 | -1.24K | -1.78K | -2.54K | -3.63K |
| EBITDA | -2.05M | -1.06M | -2.25M | -2.14M | -1.65M |
| Net Income | -1.89M | -1.11M | -2.26M | -2.15M | -1.66M |
Balance Sheet | |||||
| Total Assets | 7.25M | 6.78M | 5.80M | 7.42M | 6.46M |
| Cash, Cash Equivalents and Short-Term Investments | 12.33K | 157.88K | 12.37K | 893.54K | 1.98M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 9.54K |
| Total Liabilities | 805.76K | 1.75M | 678.82K | 402.73K | 244.54K |
| Stockholders Equity | 6.44M | 5.03M | 5.12M | 7.02M | 6.21M |
Cash Flow | |||||
| Free Cash Flow | -1.34M | -606.99K | -1.22M | -4.13M | -1.74M |
| Operating Cash Flow | -1.34M | -606.99K | -826.07K | -2.33M | -1.36M |
| Investing Cash Flow | -1.52M | -138.81K | -393.62K | -1.80M | -374.07K |
| Financing Cash Flow | 2.71M | 891.30K | 338.52K | 3.04M | 2.84M |
iMetal Resources Technical Analysis
Neutral
0.14
Price Trends
0.20
Negative
0.15
Positive
0.13
Positive
Market Momentum
<0.01
Positive
43.70
Neutral
16.67
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:IMR, the sentiment is Neutral. The current price of 0.14 is below the 20-day moving average (MA) of 0.21, below the 50-day MA of 0.20, and above the 200-day MA of 0.13, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 43.70 is Neutral, neither overbought nor oversold. The STOCH value of 16.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:IMR.
iMetal 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% | |
52 Neutral | C$5.26M | 1.94 | 462.78% | ― | ― | ― | |
51 Neutral | C$7.00M | -18.06 | -5.75% | ― | ― | -34.78% | |
48 Neutral | C$14.86M | -2.41 | -28.83% | ― | ― | 42.48% | |
46 Neutral | C$41.80M | -15.59 | -41.73% | ― | ― | -123.20% | |
43 Neutral | C$4.03M | -1.57 | 83.80% | ― | ― | 39.95% |
* General Sector Average
TSE:IMR
iMetal Resources
0.19
-0.07
-26.92%
TSE:NVX
NV Gold
1.35
1.17
629.73%
TSE:XIM
Ximen Mining
0.07
-0.03
-32.00%
TSE:EDW.H
Edgewater Exploration
0.07
-0.02
-22.22%
TSE:ZFR
Zephyr Minerals
0.07
>-0.01
-7.14%
TSE:GGC
Generic Gold Corp.
0.08
<0.01
14.29%
iMetal Resources Corporate Events
Business Operations and StrategyExecutive/Board Changes
iMetal Resources Adds Veteran Mining Executive Michel Dufresne to Board as Strategic Investor Steps In
Positive
Sep 2, 2026
iMetal Resources has appointed veteran mining executive Michel Dufresne to its board of directors, a move the company says will bolster technical oversight and operational discipline at a key stage in the development of its Gowganda West gold proj...
Business Operations and StrategyExecutive/Board Changes
iMetal Resources Bolsters Board and Finance Team to Support Exploration Growth
Positive
Aug 31, 2026
iMetal Resources has strengthened its governance and financial leadership by appointing veteran financier Paul Larkin as an independent director and seasoned CPA and CFA charterholder Robert Scott as Chief Financial Officer. The moves follow the r...
Business Operations and StrategyExecutive/Board ChangesPrivate Placements and Financing
iMetal Resources Raises $3 Million and Welcomes Strategic Investor in Private Placement
Positive
Aug 18, 2026
iMetal Resources has closed a non-brokered private placement, issuing 30,000,000 units at $0.10 each for gross proceeds of $3 million. Each unit includes one common share and one warrant exercisable at $0.175 until August 17, 2029, with warrants s...
Business Operations and StrategyPrivate Placements and Financing
iMetal Resources Secures $3 Million Financing and Strategic Partner for Gowganda West
Positive
Aug 5, 2026
iMetal Resources has confirmed that its non-brokered private placement of 30,000,000 units at $0.10 per unit, for gross proceeds of $3 million, is fully subscribed. Each unit includes one common share and a warrant exercisable at $0.175 for 36 mon...
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.