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Myriad Uranium Corp
(M)
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Rating:45Neutral
Price Target:
C$0.41
▼(-5.91% Downside)
Action:Reiterated
Date:10/02/26
The score is primarily held down by the company’s pre-revenue status with continued losses and negative free cash flow, implying ongoing financing needs. Support comes from a debt-free balance sheet and improving loss/cash-burn trends. Technically the stock looks neutral-to-weak (below key longer-term moving averages), and valuation is constrained by a negative P/E and no dividend yield.
Positive Factors
Debt-free balance sheet
A debt-free balance sheet reduces fixed financial obligations and interest exposure while preserving flexibility to fund exploration and respond to changing opportunities. This provides a stronger capital structure than one dependent on borrowing, although the company remains pre-revenue.
Negative Factors
Pre-revenue business model
With no reported revenue, Myriad has not yet demonstrated a commercial cash-generating operation or a proven path to recurring sales. Its ability to create durable value therefore depends on advancing exploration toward commercialization, leaving financial performance structurally uncertain.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A debt-free balance sheet reduces fixed financial obligations and interest exposure while preserving flexibility to fund exploration and respond to changing opportunities. This provides a stronger capital structure than one dependent on borrowing, although the company remains pre-revenue.
Read all positive factors
Myriad Uranium Corp (M) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$59.95M
Dividend YieldN/A
Average Volume (3M)238.47K
Price to Earnings (P/E)―
Beta (1Y)2.28
Revenue GrowthN/A
EPS Growth65.39%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.05
Shares Outstanding141,053,960
10 Day Avg. Volume434,515
30 Day Avg. Volume238,471
Financial Highlights & Ratios
PEG Ratio0.13
Price to Book (P/B)3.83
Price to Sales (P/S)0.00
P/FCF Ratio-8.99
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
Myriad Uranium Corp Business Overview & Revenue Model
Company Description
Established in 2018 and headquartered in Vancouver, Canada, Myriad Uranium Corp. is a mineral exploration enterprise with a primary focus on identifying uranium deposits across the United States. The company, which changed its name from Myriad Met...
How the Company Makes Money
Myriad Uranium Corp does not appear to have publicly available, company-specific revenue details in the context provided. As an exploration-stage uranium company, it would typically not generate material operating revenue unless it sells an intere...
Myriad Uranium Corp Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
22
Negative
| Breakdown | Jul 2026 | Jul 2025 | Jul 2024 | Jul 2022 | Jul 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -6.20M | -6.91M | -2.19M | -1.34M | -204.38K |
| Net Income | -6.09M | -8.45M | -3.68M | -1.50M | -450.91K |
Balance Sheet | |||||
| Total Assets | 12.15M | 4.00M | 763.56K | 2.69M | 1.36M |
| Cash, Cash Equivalents and Short-Term Investments | 8.81M | 1.54M | 324.43K | 978.75K | 1.31M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 365.78K | 321.60K | 196.24K | 42.44K | 28.06K |
| Stockholders Equity | 11.79M | 3.68M | 567.32K | 2.65M | 1.34M |
Cash Flow | |||||
| Free Cash Flow | -5.02M | -8.03M | -1.91M | -988.08K | -209.18K |
| Operating Cash Flow | -5.02M | -7.19M | -1.68M | -988.08K | -209.18K |
| Investing Cash Flow | -454.25K | -1.12M | -228.22K | 0.00 | 34.00K |
| Financing Cash Flow | 12.75M | 9.53M | 1.26M | 652.89K | 2.45K |
Myriad Uranium Corp Technical Analysis
Negative
0.44
Price Trends
0.45
Negative
0.45
Negative
0.46
Negative
Market Momentum
>-0.01
Negative
47.84
Neutral
40.29
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:M, the sentiment is Negative. The current price of 0.44 is above the 20-day moving average (MA) of 0.42, below the 50-day MA of 0.45, and below the 200-day MA of 0.46, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 47.84 is Neutral, neither overbought nor oversold. The STOCH value of 40.29 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:M.
Myriad Uranium Corp Peers Comparison
UnderperformOutperform
Sector (61)
TSE:M
Myriad Uranium Corp
0.44
0.02
4.76%
TSE:SYH
Skyharbour Resources
0.38
-0.09
-19.35%
TSE:EMET
Canamera Energy Metals Corp
0.10
-0.10
-50.00%
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.