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New Break Resources Ltd.
(NBRK)
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Rating:41Neutral
Price Target:
C$0.18
▼(-36.79% Downside)
Action:Reiterated
Date:09/19/26
The score is primarily constrained by weak financial performance (no revenue, widening TTM losses, and ongoing cash burn implying funding/dilution risk), partially offset by a debt-free balance sheet. Technicals are bearish with the price below key moving averages, though oversold RSI/stochastic slightly support the score. Valuation support is limited because a negative P/E reduces the usefulness of earnings-based valuation and no dividend yield is available.
Positive Factors
Debt-Free Balance Sheet
A debt-free balance sheet reduces fixed financial obligations and refinancing exposure while the company advances exploration. This preserves flexibility to allocate available capital toward projects and corporate needs, and provides a stronger solvency position than highly leveraged exploration peers.
Negative Factors
No Operating Revenue
The absence of operating revenue confirms that the company has not yet reached a commercial production stage and cannot fund activities through recurring sales. Continued exploration therefore depends on capital availability and successful project advancement before an operating revenue base can develop.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-Free Balance Sheet
A debt-free balance sheet reduces fixed financial obligations and refinancing exposure while the company advances exploration. This preserves flexibility to allocate available capital toward projects and corporate needs, and provides a stronger solvency position than highly leveraged exploration peers.
Read all positive factors
New Break Resources Ltd. (NBRK) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$15.46M
Dividend YieldN/A
Average Volume (3M)52.42K
Price to Earnings (P/E)―
Beta (1Y)1.86
Revenue GrowthN/A
EPS Growth-1878.57%
CountryCA
Employees3
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.03
Shares Outstanding90,965,100
10 Day Avg. Volume64,653
30 Day Avg. Volume52,423
Financial Highlights & Ratios
PEG Ratio0.68
Price to Book (P/B)4.94
Price to Sales (P/S)0.00
P/FCF Ratio-16.00
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
New Break Resources Ltd. Business Overview & Revenue Model
Company Description
New Break Resources Ltd. is a Canadian company specializing in mineral exploration and development, with a primary focus on gold projects. The firm fully owns the Moray gold project, which consists of 14 contiguous mining claims covering approxima...
How the Company Makes Money
New Break Resources does not typically generate operating revenue from selling products or providing services; instead, it is generally funded through financing activities used to advance its exploration projects. Its primary sources of funds are ...
New Break Resources Ltd. Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
44
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -2.61M | -2.38M | -795.33K | -1.03M | -956.93K | -820.58K |
| Net Income | -2.49M | -791.13K | -809.23K | -1.03M | -957.99K | -849.57K |
Balance Sheet | ||||||
| Total Assets | 3.90M | 5.03M | 845.82K | 987.47K | 875.20K | 1.54M |
| Cash, Cash Equivalents and Short-Term Investments | 2.82M | 3.93M | 45.55K | 212.21K | 230.46K | 1.24M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 229.49K | 368.58K | 231.80K | 207.17K | 129.17K | 419.77K |
| Stockholders Equity | 3.67M | 4.66M | 614.02K | 780.30K | 746.03K | 1.12M |
Cash Flow | ||||||
| Free Cash Flow | -2.43M | -1.44M | -817.61K | -908.37K | -1.60M | -848.17K |
| Operating Cash Flow | -2.39M | -1.41M | -817.61K | -818.37K | -1.60M | -796.06K |
| Investing Cash Flow | -110.96K | -23.09K | 0.00 | -90.00K | 0.00 | -52.11K |
| Financing Cash Flow | 3.84M | 4.01M | 642.95K | 890.11K | 595.25K | 1.94M |
New Break Resources Ltd. Technical Analysis
Negative
0.28
Price Trends
0.22
Negative
0.22
Negative
0.26
Negative
Market Momentum
-0.01
Positive
36.18
Neutral
41.88
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NBRK, the sentiment is Negative. The current price of 0.28 is above the 20-day moving average (MA) of 0.20, above the 50-day MA of 0.22, and above the 200-day MA of 0.26, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 36.18 is Neutral, neither overbought nor oversold. The STOCH value of 41.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:NBRK.
New Break Resources Ltd. 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$26.62M | -21.19 | -83.66% | ― | ― | -30.85% | |
42 Neutral | C$11.80M | -3.88 | 207.77% | ― | ― | -417.86% | |
42 Neutral | C$8.68M | -4.72 | -13.53% | ― | ― | -97.46% | |
42 Neutral | C$9.04M | -2.47 | -209.53% | ― | ― | -8.29% | |
41 Neutral | C$15.46M | -6.12 | -68.49% | ― | ― | -1878.57% | |
41 Neutral | C$12.29M | -2.53 | -138.99% | ― | ― | -67.68% |
* Basic Materials Sector Average
TSE:NBRK
New Break Resources Ltd.
0.17
-0.10
-37.04%
TSE:KORE
Kore Mining Ltd
0.11
-0.06
-33.33%
TSE:PMC
Peloton Minerals
0.07
-0.02
-22.22%
TSE:RDU
Radius Gold
0.23
0.09
64.29%
TSE:PINN
Pinnacle Silver and Gold
0.08
-0.02
-15.79%
TSE:SXTY
Sixty North Gold Mining
0.11
-0.05
-31.25%
New Break Resources Ltd. Corporate Events
Business Operations and StrategyPrivate Placements and Financing
New Break to Raise $550,000 in Flow-Through Share Financing for Moray Gold Drilling
Positive
Oct 30, 2026
New Break Resources Ltd. plans to raise up to $550,000 through a non-brokered private placement of 2,500,000 flow-through common shares priced at $0.22, with proceeds dedicated to qualifying Canadian exploration expenses. The funds will primarily ...
Business Operations and Strategy
New Break Restarts Deep-Target Drilling at Expanding Moray Gold Discovery
Positive
Oct 26, 2026
New Break Resources Ltd., a junior gold explorer, is advancing its Moray gold project in northeastern Ontario near Timmins and Alamos Gold’s Young-Davidson mine. The company has grown the property to almost 30,000 hectares, largely free of r...
Business Operations and Strategy
New Break Extends Gold Mineralization at Moray’s Zavitz Zone with Strong Summer Drill Results
Positive
Sep 16, 2026
New Break Resources has reported final assay results from the last four holes of its ten-hole, 1,996 metre summer drilling program at the Zavitz gold zone on the Moray project near Timmins, Ontario. Highlights include intercepts grading 3.12 g/t g...
Business Operations and Strategy
New Break Reports High-Grade Drill Results at Moray Gold Project
Positive
Aug 19, 2026
New Break Resources has reported strong new assay results from its summer drilling program at the Moray gold project in Ontario, including intercepts of 5.28 g/t gold over 11.2 metres and 3.95 g/t over 14.0 metres in the Zavitz gold zone. The firs...
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.