Want to see TSE:IRV full AI Analyst Report?
Top Page
Irving Resources
(IRV)
Select Model
Select Model
Rating:48Neutral
Price Target:
C$0.25
▼(-6.67% Downside)
Action:Reiterated
Date:08/18/26
The score is primarily constrained by weak financial performance (no revenue, ongoing losses, and continued cash burn) and bearish technical trends (price below key moving averages and negative MACD). A low-debt, stable balance sheet and improving loss/cash-flow trajectory provide some support, but valuation signals remain challenged due to negative earnings and no dividend.
Positive Factors
Minimal Leverage
Very low leverage limits refinancing and interest-rate risk, preserving financial flexibility as the company funds exploration. This provides a stronger balance-sheet base than heavily indebted peers, although it does not eliminate the need for future capital.
Negative Factors
No Operating Revenue
No operating revenue means Irving Resources has not yet demonstrated a commercial production model or recurring cash inflows. Its value therefore depends on exploration success and potential project transactions, creating substantial execution and development risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Minimal Leverage
Very low leverage limits refinancing and interest-rate risk, preserving financial flexibility as the company funds exploration. This provides a stronger balance-sheet base than heavily indebted peers, although it does not eliminate the need for future capital.
Read all positive factors
Irving Resources (IRV) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$23.79M
Dividend YieldN/A
Average Volume (3M)31.65K
Price to Earnings (P/E)―
Beta (1Y)2.41
Revenue GrowthN/A
EPS Growth71.25%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.02
Shares Outstanding99,132,220
10 Day Avg. Volume33,663
30 Day Avg. Volume31,650
Financial Highlights & Ratios
PEG Ratio0.29
Price to Book (P/B)0.68
Price to Sales (P/S)0.00
P/FCF Ratio-70.53
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
Irving Resources Business Overview & Revenue Model
Company Description
Irving Resources Inc. operates as an emerging exploration company primarily engaged in the search for gold deposits across Japan. The firm also conducts prospecting activities for silver and various rare earth elements. Its portfolio of exploratio...
How the Company Makes Money
As an early-stage mineral exploration company, Irving Resources’ business model is generally to create value by discovering and advancing mineral properties rather than generating recurring operating revenue from producing mines. Specific, company...
Irving Resources Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
74
Positive
Cash Flow
30
Negative
| Breakdown | May 2026 | May 2025 | May 2024 | May 2023 | May 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -164.52K | -158.34K | -167.75K | -218.50K | -125.48K |
| EBITDA | -1.46M | -4.88M | -1.96M | -1.22M | -2.69M |
| Net Income | -1.64M | -5.05M | -2.20M | -552.18K | -2.78M |
Balance Sheet | |||||
| Total Assets | 50.62M | 46.80M | 50.16M | 49.88M | 38.39M |
| Cash, Cash Equivalents and Short-Term Investments | 6.09M | 3.09M | 4.73M | 10.91M | 9.69M |
| Total Debt | 130.89K | 157.47K | 215.94K | 233.21K | 119.34K |
| Total Liabilities | 1.08M | 958.32K | 608.94K | 600.23K | 863.65K |
| Stockholders Equity | 49.54M | 45.84M | 49.55M | 49.28M | 37.53M |
Cash Flow | |||||
| Free Cash Flow | -474.14K | -2.34M | -7.58M | -11.15M | -6.68M |
| Operating Cash Flow | -424.97K | -1.29M | -885.94K | -236.12K | -1.09M |
| Investing Cash Flow | -1.51M | -1.17M | -6.69M | -10.92M | -5.59M |
| Financing Cash Flow | 4.99M | 953.63K | 1.40M | 11.72M | 7.60M |
Irving Resources Technical Analysis
Negative
0.27
Price Trends
0.30
Negative
0.31
Negative
0.30
Negative
Market Momentum
>-0.01
Negative
35.87
Neutral
33.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:IRV, the sentiment is Negative. The current price of 0.27 is above the 20-day moving average (MA) of 0.27, below the 50-day MA of 0.30, and below the 200-day MA of 0.30, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 35.87 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:IRV.
Irving Resources Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
50 Neutral | C$55.43M | -8.61 | -68.53% | ― | ― | 22.08% | |
48 Neutral | C$23.79M | -12.98 | -3.51% | ― | ― | 71.25% | |
47 Neutral | C$18.52M | -15.14 | -83.66% | ― | ― | -30.85% | |
45 Neutral | C$24.53M | -10.07 | -68.49% | ― | ― | -1878.57% | |
44 Neutral | C$17.63M | -4.98 | 271.05% | ― | ― | 63.82% | |
43 Neutral | C$33.87M | -8.22 | -49.90% | ― | ― | -205.71% |
* Basic Materials Sector Average
TSE:IRV
Irving Resources
0.24
>-0.01
-2.08%
TSE:IGO
Independence Gold
0.21
0.08
61.54%
TSE:PRG
Precipitate Gold
0.18
0.09
105.88%
TSE:RDU
Radius Gold
0.17
0.02
13.79%
TSE:SWA
Sarama Resources
0.04
>-0.01
-22.22%
TSE:NBRK
New Break Resources Ltd.
0.28
0.13
86.67%
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.