Want to see TSE:PX full AI Analyst Report?
Top Page
Pelangio Exploration
(PX)
Select Model
Select Model
Rating:42Neutral
Price Target:
C$0.11
▼(-38.89% Downside)
Action:Reiterated
Date:09/17/26
The score is weighed down primarily by weak financial performance—no revenue, widening losses, and accelerating negative free cash flow—despite the benefit of having no debt. Technical indicators add further pressure with a clear downtrend, while valuation provides limited support because a negative P/E reflects ongoing losses and no dividend yield is available.
Positive Factors
Debt-Free Balance Sheet
The absence of debt limits interest obligations and refinancing exposure, giving the company greater flexibility while it advances exploration. This conservative structure can help preserve optionality during financing cycles, although it does not offset the need to fund ongoing losses.
Negative Factors
No Operating Revenue
Zero revenue confirms that the company has not yet reached a producing stage and cannot currently fund operations from mining sales. Its financial outlook therefore remains dependent on capital markets, asset transactions, or partners until exploration produces a commercial revenue stream.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-Free Balance Sheet
The absence of debt limits interest obligations and refinancing exposure, giving the company greater flexibility while it advances exploration. This conservative structure can help preserve optionality during financing cycles, although it does not offset the need to fund ongoing losses.
Read all positive factors
Pelangio Exploration (PX) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$34.05M
Dividend YieldN/A
Average Volume (3M)66.30K
Price to Earnings (P/E)―
Beta (1Y)1.62
Revenue GrowthN/A
EPS Growth-121.43%
CountryCA
Employees5
SectorGeneral
Sector StrengthN/A
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.01
Shares Outstanding252,238,050
10 Day Avg. Volume50,141
30 Day Avg. Volume66,299
Financial Highlights & Ratios
PEG Ratio3.83
Price to Book (P/B)10.84
Price to Sales (P/S)0.00
P/FCF Ratio-26.22
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
Pelangio Exploration Business Overview & Revenue Model
Company Description
Pelangio Exploration Inc. is a company primarily engaged in discovering and advancing mineral properties, with activities spanning their acquisition, exploration, and subsequent development. The firm possesses ownership stakes in various gold-focu...
How the Company Makes Money
PX is an exploration-stage company; it generally does not generate revenue from mining operations because it focuses on early-stage exploration rather than production. As a result, if it earns money, it is typically through (1) equity financings (...
Pelangio Exploration Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
35
Negative
Cash Flow
15
Very Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Dec 2023 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -4.24K | -326.00 | 0.00 | -3.56K | -2.30K | -3.08K |
| EBITDA | -3.83M | -885.81K | -644.00K | -1.32M | -1.60M | -2.98M |
| Net Income | -3.09M | -886.14K | -756.00K | -1.39M | -1.36M | -2.73M |
Balance Sheet | ||||||
| Total Assets | 3.69M | 5.53M | 442.98K | 497.44K | 1.03M | 1.23M |
| Cash, Cash Equivalents and Short-Term Investments | 3.42M | 5.37M | 410.46K | 473.89K | 929.95K | 1.08M |
| Total Debt | 0.00 | 0.00 | 0.00 | 40.00K | 40.00K | 40.00K |
| Total Liabilities | 500.73K | 144.68K | 921.38K | 1.13M | 647.12K | 740.88K |
| Stockholders Equity | 3.19M | 5.38M | -478.40K | -632.41K | 380.66K | 485.55K |
Cash Flow | ||||||
| Free Cash Flow | -3.45M | -2.23M | -908.22K | -708.95K | -1.11M | -2.55M |
| Operating Cash Flow | -3.40M | -2.17M | -908.22K | -708.95K | -1.11M | -2.55M |
| Investing Cash Flow | -54.78K | -54.78K | 73.63K | 0.00 | 50.62K | 51.18K |
| Financing Cash Flow | 5.50M | 6.68M | 825.58K | 339.66K | 948.52K | 1.12M |
Pelangio Exploration Technical Analysis
Negative
0.18
Price Trends
0.15
Negative
0.15
Negative
0.18
Negative
Market Momentum
>-0.01
Negative
45.35
Neutral
71.43
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:PX, the sentiment is Negative. The current price of 0.18 is above the 20-day moving average (MA) of 0.14, above the 50-day MA of 0.15, and below the 200-day MA of 0.18, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 45.35 is Neutral, neither overbought nor oversold. The STOCH value of 71.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:PX.
Pelangio Exploration Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | C$684.76M | -398.90 | -7.48% | ― | ― | -130.14% | |
50 Neutral | C$57.52M | -32.09 | -2.57% | ― | ― | 6.94% | |
48 Neutral | C$103.38M | -58.21 | -7.59% | ― | ― | 67.00% | |
45 Neutral | C$86.03M | -12.14 | -49.66% | ― | ― | 11.90% | |
42 Neutral | C$34.05M | -10.98 | -94.55% | ― | ― | -121.43% | |
40 Underperform | C$17.72M | -26.27 | -1.60% | ― | ― | 63.10% |
* General Sector Average
TSE:PX
Pelangio Exploration
0.14
-0.10
-43.75%
TSE:RTG
RTG Mining
0.05
<0.01
12.50%
TSE:SRL
Salazar Resources
0.39
0.24
151.61%
TSE:TK
Tinka Resources
0.43
0.02
4.88%
TSE:SLG
San Lorenzo Gold Corp
6.96
6.22
840.54%
TSE:CNRI
Canadian North Resources, Inc.
0.16
-0.84
-84.34%
Pelangio Exploration Corporate Events
Business Operations and Strategy
Pelangio Ramps Up Multi-Project Gold Exploration Campaign in Ghana
Positive
Sep 18, 2026
Pelangio Exploration is advancing several exploration campaigns across its Ghana portfolio, aiming to test deeper and higher-potential gold targets at its Manfo, Obuasi and Dankran projects. The company has completed a controlled-source electromag...
Business Operations and Strategy
Pelangio Drilling Extends Manfo Gold Resources at Pokukrom East
Positive
Sep 16, 2026
Pelangio Exploration has completed its 2026 resource extension drilling program at the Pokukrom deposits within the Manfo Gold Project in Ghana, reporting final assay results that confirm extensions at Pokukrom East. Key holes, including SPDD26-00...
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.