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Northern Lights Resources
(NLR)
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Rating:50Neutral
Price Target:
C$0.12
▲(0.00% Upside)
Action:Reiterated
Date:10/01/26
Overall score reflects balance-sheet improvement (no debt and higher equity) but is held back by a pre-revenue operating profile and persistent cash burn with weak earnings quality (negative operating cash flow despite positive net income). Technicals and valuation are broadly neutral, providing limited offset to the underlying fundamental cash-flow risk.
Positive Factors
Debt-free balance sheet
A debt-free balance sheet lowers fixed financial obligations and interest exposure, giving Northern Lights greater flexibility while it advances exploration assets. This improves resilience during funding cycles and leaves more capacity for project work or transactions without relying on leverage.
Negative Factors
Pre-revenue operating profile
With no reported revenue, Northern Lights has not yet demonstrated commercial demand or a recurring operating base. This limits visibility into future growth and means the company remains dependent on exploration outcomes, asset transactions, or additional funding to progress its strategy.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A debt-free balance sheet lowers fixed financial obligations and interest exposure, giving Northern Lights greater flexibility while it advances exploration assets. This improves resilience during funding cycles and leaves more capacity for project work or transactions without relying on leverage.
Read all positive factors
Northern Lights Resources (NLR) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$7.42M
Dividend YieldN/A
Average Volume (3M)94.97K
Price to Earnings (P/E)4.4
Beta (1Y)1.08
Revenue GrowthN/A
EPS GrowthN/A
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)0.02
Shares Outstanding70,643,710
10 Day Avg. Volume72,832
30 Day Avg. Volume94,974
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)1.70
Price to Sales (P/S)0.00
P/FCF Ratio-14.69
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
Northern Lights Resources Business Overview & Revenue Model
Company Description
Northern Lights Resources Corporation focuses on the discovery, appraisal, and development of mineral properties throughout the United States. Its exploration efforts are primarily aimed at uncovering deposits containing gold, silver, zinc, and le...
Northern Lights Resources Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
62
Positive
Cash Flow
28
Negative
| Breakdown | Jul 2026 | Jul 2025 | Jul 2024 | Jul 2023 | Jul 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -746.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -725.29K | -376.19K | -894.00K | 464.96K | -598.00K |
| Net Income | 1.83M | -1.93M | -972.00K | -166.00K | -1.16M |
Balance Sheet | |||||
| Total Assets | 3.75M | 658.41K | 2.61M | 3.75M | 2.73M |
| Cash, Cash Equivalents and Short-Term Investments | 3.17M | 1.05K | 469.39K | 804.18K | 24.41K |
| Total Debt | 0.00 | 0.00 | 389.83K | 1.01M | 788.09K |
| Total Liabilities | 482.07K | 755.43K | 1.01M | 1.46M | 1.05M |
| Stockholders Equity | 3.26M | -97.02K | 1.60M | 2.30M | 1.68M |
Cash Flow | |||||
| Free Cash Flow | -376.56K | -191.75K | -113.56K | -337.13K | -410.97K |
| Operating Cash Flow | -376.56K | -191.75K | -113.56K | -337.13K | -410.97K |
| Investing Cash Flow | 2.72M | -4.82K | -2.86K | 109.40K | -958.52K |
| Financing Cash Flow | 820.00K | 193.24K | 96.62K | 227.50K | 966.09K |
Northern Lights Resources Technical Analysis
Negative
0.12
Price Trends
0.12
Negative
0.12
Negative
0.10
Positive
Market Momentum
>-0.01
Positive
39.27
Neutral
13.89
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NLR, the sentiment is Negative. The current price of 0.12 is below the 20-day moving average (MA) of 0.14, below the 50-day MA of 0.12, and above the 200-day MA of 0.10, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 39.27 is Neutral, neither overbought nor oversold. The STOCH value of 13.89 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:NLR.
Northern Lights 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% | |
51 Neutral | C$7.62M | -25.86 | -18.09% | ― | ― | ― | |
51 Neutral | C$8.61M | -22.41 | -18.75% | ― | ― | 56.25% | |
50 Neutral | C$7.42M | 4.39 | 95.91% | ― | ― | ― | |
40 Underperform | C$4.31M | -1.22 | 57.88% | ― | ― | -15.10% | |
40 Underperform | C$927.40K | -0.66 | -79.39% | ― | ― | 8.74% |
* Basic Materials Sector Average
TSE:NLR
Northern Lights Resources
0.11
0.02
31.25%
TSE:BEA
Belmont Resources
0.09
0.06
183.33%
TSE:GR
Great Atlantic Resources
0.07
-0.07
-50.00%
TSE:SAO
South Atlantic Gold
0.07
0.04
160.00%
TSE:GCP
Golcap Resources Corp.
0.03
-0.17
-86.84%
TSE:ASHL
Ashley Gold Corp.
0.08
<0.01
7.14%
Northern Lights Resources Corporate Events
Business Operations and StrategyRegulatory Filings and Compliance
Investor Jeremy Gillis Lifts Northern Lights Resources Stake to 12%
Positive
Sep 3, 2026
Investor Jeremy Gillis, through his controlled private companies 11661728 Canada Inc. and 1302580 B.C. Ltd., has increased his stake in Northern Lights Resources Corp. via open-market purchases on the Canadian Securities Exchange. These transactio...
Business Operations and Strategy
Northern Lights Unveils 3D Geophysical Model for Horetzky Copper Project
Positive
Sep 3, 2026
Northern Lights Resources has released a 3D geophysical animation showcasing the deep structure of its Horetzky Copper Project in British Columbia’s Babine Porphyry Belt. The visualization integrates aeromagnetic susceptibility and MobileMT ...
Business Operations and Strategy
Northern Lights Unveils Advanced 3D Model for Horetzky Copper Project
Positive
Aug 31, 2026
Northern Lights Resources has completed an integrated 3D geological model for its Horetzky Copper Project in British Columbia’s Babine Porphyry Belt. The work combines historical induced polarization and resistivity data, recent MobileMT AFM...
Business Operations and StrategyExecutive/Board Changes
Northern Lights Resources Names Luka Capin Interim CEO to Advance Key Copper and Gold Projects
Positive
Aug 24, 2026
Northern Lights Resources has appointed director Luka Capin as interim chief executive officer, tasking him with overseeing ongoing work at the Pup Copper Project and the advancement of the Horetzky Copper and Secret Pass Gold projects. The leader...
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.