Irving Resources (IRV) AI Stock Analysis

Irving Resources

(CNQX:IRV)

Select Model

Rating:39Underperform

Price Target:CAD 0.19▼(-7.80% Downside)

Action:downgraded

Date:08/18/26

The overall score is held down primarily by very weak financial performance, with no revenue, persistent losses, and negative cash flows despite a strong, low-debt balance sheet. Secondary pressure comes from a soft technical setup, where the price trends below key moving averages and momentum is negative amid high volatility. Valuation adds further uncertainty, as losses and a lack of dividend support mean the investment case depends largely on speculative upside from future exploration success.

Positive Factors

Low Financial LeverageMinimal debt materially reduces refinancing and interest-rate exposure, preserving financial flexibility while Irving Resources advances exploration. The relatively stable equity base also provides a stronger cushion than a highly leveraged structure if project spending or funding conditions become more difficult.

Negative Factors

No Revenue BaseWithout revenue, Irving Resources has no operating cash inflow to fund geological work, drilling, or corporate costs. Its financial profile therefore depends on advancing exploration successfully and securing capital, leaving limited internal funding capacity over the medium term.

Irving Resources (IRV) vs. iShares MSCI Canada ETF (EWC)

Market Cap: CAD 19.83M
Dividend Yield: ―
Average Volume (3M): 29.82K
Price to Earnings (P/E): -11.0
Beta (1Y): 2.25
Revenue Growth: ―
EPS Growth: 73.19%
Country: Canada
Employees: 0
Sector: Basic Materials
Sector Strength: 61
Industry: Gold

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 exploration p...

How the Company Makes Money

Irving Resources primarily operates as an exploration-stage company. null

Irving Resources Financial Statement Overview

Summary

Financial performance is very weak: Irving Resources remains pre-revenue with no sales, recurring operating and net losses, and consistently negative operating and free cash flows, although a strong, low-debt balance sheet and some improvement in cash burn and returns on equity offer limited support.

Income Statement

8Very Negative

Balance Sheet

72Positive

Cash Flow

18Very Negative

Financial statement breakdown
Breakdown	TTM	May 2026	May 2025	May 2024	May 2023	May 2022
Income Statement
Total Revenue	0	0	0	0	0	0
Gross Profit	-164.52K	-164.52K	-158.34K	-167.75K	-218.50K	-125.48K
EBITDA	-1.46M	-1.46M	-4.88M	-1.96M	-1.22M	-2.69M
Net Income	-1.64M	-1.64M	-5.05M	-2.20M	-552.18K	-2.78M
Balance Sheet
Total Assets	50.62M	50.62M	46.80M	50.16M	49.88M	38.39M
Cash, Cash Equivalents and Short-Term Investments	6.09M	6.09M	3.09M	4.73M	10.91M	9.69M
Total Debt	130.89K	130.89K	157.47K	215.94K	233.21K	119.34K
Total Liabilities	1.08M	1.08M	958.32K	608.94K	600.23K	863.65K
Stockholders Equity	49.54M	49.54M	45.84M	49.55M	49.28M	37.53M
Cash Flow
Free Cash Flow	-484.51K	-474.14K	-2.34M	-7.58M	-11.15M	-6.68M
Operating Cash Flow	-424.97K	-424.97K	-1.29M	-885.94K	-236.12K	-1.09M
Investing Cash Flow	-1.51M	-1.51M	-1.17M	-6.69M	-10.92M	-5.59M
Financing Cash Flow	4.99M	4.99M	953.63K	1.40M	11.72M	7.60M

Irving Resources Technical Analysis

Technical Analysis SentimentNegative

Last Price0.20

Price Trends

50DMA0.25Negative

100DMA0.28Negative

200DMA0.31Negative

Market Momentum

MACD-0.01Positive

RSI33.56Neutral

STOCH47.62Neutral

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 0.20 is below the 20-day moving average (MA) of 0.24, below the 50-day MA of 0.25, and below the 200-day MA of 0.31, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 33.56 is Neutral, neither overbought nor oversold. The STOCH value of 47.62 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

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

TSE:IRV against its peers
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:RDU	46Neutral	CAD 26.62M	-21.19	-83.66%	―	―	-30.85%
TSE:PRG	43Neutral	CAD 23.81M	-4.94	-55.92%	―	―	-109.48%
TSE:NBRK	40Underperform	CAD 15.46M	-6.12	-68.49%	―	―	-1878.57%
TSE:SWA	40Underperform	CAD 12.59M	-3.45	271.05%	―	―	63.82%
TSE:IRV	39Underperform	CAD 19.83M	-11.05	-3.51%	―	―	73.19%
TSE:IGO	39Underperform	CAD 31.67M	-4.92	-68.53%	―	―	22.08%

* Basic Materials Sector Average

Performance Comparison

TSE:IRV and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TSE:IRV	Irving Resources	0.20	-0.05	-21.57%
TSE:IGO	Independence Gold	0.12	0.00	0.00%
TSE:PRG	Precipitate Gold	0.12	-0.01	-5.38%
TSE:RDU	Radius Gold	0.23	0.09	64.29%
TSE:SWA	Sarama Resources	0.03	-0.01	-37.50%
TSE:NBRK	New Break Resources Ltd.	0.17	-0.09	-34.62%

Irving Resources Corporate Events

Executive/Board ChangesShareholder Meetings

Irving Resources Shareholders Back Board and Auditor at AGM

Positive

Aug 19, 2026

Irving Resources Inc. reported that shareholders at its annual general meeting in Vancouver, British Columbia, approved all matters presented in the notice of meeting. The resolutions included the re-election of incumbent directors Kevin Box, Douglas...

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: Aug 18, 2026

Irving Resources AI Stock Analysis