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Morien Resources
(MOX)
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Rating:46Neutral
Price Target:
C$0.19
▼(-7.00% Downside)
Action:Reiterated
Date:08/18/26
The score is primarily constrained by weak financial performance—persistent losses, minimal/volatile revenue, and ongoing negative operating/free cash flow—despite the benefit of zero reported debt. Technicals are moderately supportive with price above major moving averages, but overbought signals temper that strength. Valuation is also challenged because losses (negative P/E) reduce confidence in earnings-based attractiveness.
Positive Factors
Debt-Free Balance Sheet
Zero reported debt reduces refinancing pressure and interest obligations, giving Morien greater financial flexibility while it seeks to advance royalty-linked projects and manage periods of limited or absent royalty income.
Negative Factors
No Current Revenue Visibility
Zero TTM revenue indicates that royalty receipts are currently absent or immaterial, leaving the business dependent on third-party project development and future production rather than a demonstrated recurring revenue stream.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-Free Balance Sheet
Zero reported debt reduces refinancing pressure and interest obligations, giving Morien greater financial flexibility while it seeks to advance royalty-linked projects and manage periods of limited or absent royalty income.
Read all positive factors
Morien Resources (MOX) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$11.74M
Dividend Yield2.36%
Average Volume (3M)12.54K
Price to Earnings (P/E)―
Beta (1Y)1.02
Revenue Growth-100.00%
EPS Growth35.29%
CountryCA
Employees6
SectorGeneral
Sector StrengthN/A
IndustryCoal
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding60,180,890
10 Day Avg. Volume6,055
30 Day Avg. Volume12,543
Financial Highlights & Ratios
PEG Ratio1.83
Price to Book (P/B)9.37
Price to Sales (P/S)546.80
P/FCF Ratio-23.06
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
Morien Resources Business Overview & Revenue Model
Company Description
Morien Resources Corp. operates as a mining development firm, specializing in sourcing and acquiring mineral resource ventures across Canada. The company maintains royalty positions in two significant projects within Nova Scotia: the Donkin coal m...
How the Company Makes Money
Morien Resources makes money primarily by earning royalties from production and sales generated by third-party operators at projects where Morien holds royalty interests. Its core revenue model is to hold a royalty (a contractual percentage of sal...
Morien Resources Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 22.67K | 82.37K | 962.28K | 173.25K | 60.78K |
| Gross Profit | 0.00 | 22.67K | 82.37K | 962.28K | 173.25K | 60.78K |
| EBITDA | -888.73K | -826.20K | -878.29K | -375.82K | 0.00 | 0.00 |
| Net Income | -444.74K | -542.89K | -613.20K | -307.69K | -545.12K | -364.87K |
Balance Sheet | ||||||
| Total Assets | 2.50M | 2.91M | 1.21M | 1.47M | 1.48M | 2.36M |
| Cash, Cash Equivalents and Short-Term Investments | 1.87M | 2.16M | 1.07M | 1.38M | 1.26M | 2.32M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 1.48M | 1.59M | 946.72K | 815.07K | 697.20K | 566.36K |
| Stockholders Equity | 1.01M | 1.32M | 267.70K | 651.25K | 787.25K | 1.79M |
Cash Flow | ||||||
| Free Cash Flow | -677.86K | -537.59K | -487.64K | 391.06K | -694.25K | -396.44K |
| Operating Cash Flow | -677.86K | -537.59K | -487.64K | 391.06K | -694.25K | -396.44K |
| Investing Cash Flow | 381.07K | 293.32K | 590.93K | 20.29K | 132.84K | 157.00 |
| Financing Cash Flow | 1.54M | 1.55M | 0.00 | -313.85K | -456.38K | -118.58K |
Morien Resources Technical Analysis
Positive
0.20
Price Trends
0.19
Positive
0.19
Positive
0.21
Negative
Market Momentum
<0.01
Positive
54.04
Neutral
33.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MOX, the sentiment is Positive. The current price of 0.2 is above the 20-day moving average (MA) of 0.20, above the 50-day MA of 0.19, and below the 200-day MA of 0.21, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 54.04 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 Positive sentiment for TSE:MOX.
Morien Resources Peers Comparison
UnderperformOutperform
Sector (55)
TSE:MOX
Morien Resources
0.20
-0.09
-31.58%
TSE:CAD
Colonial Coal International
2.41
0.88
57.52%
TSE:ENDR
Enduro Metals
0.14
>-0.01
-6.90%
TSE:EOX
Euromax Resources
0.07
0.05
250.00%
TSE:AUQ
AuQ Gold Mining
0.36
-0.17
-32.08%
TSE:QQQ
Questcorp Mining, Inc.
0.12
-0.07
-36.84%
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.