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Orex Minerals
(REX)
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Rating:40Underperform
Price Target:
C$0.11
▼(-54.35% Downside)
Action:Downgraded
Date:10/29/26
The score is primarily constrained by weak financial performance (no revenue, ongoing losses, and negative operating/free cash flow), with additional pressure from bearish technicals (below major moving averages and negative MACD). The key offset is the debt-free balance sheet, while valuation is difficult to support given negative earnings and no dividend.
Positive Factors
Debt-free balance sheet
A debt-free balance sheet reduces fixed financial obligations and limits exposure to interest costs or refinancing pressure. This gives Orex greater flexibility to preserve capital and pursue exploration priorities, although the benefit depends on maintaining sufficient cash to fund operations and projects.
Negative Factors
No revenue generation
The absence of revenue indicates that Orex has not yet established an operating income stream from its mineral exploration and development activities. Without revenue traction, funding for ongoing programs and future growth must come from existing resources or external capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A debt-free balance sheet reduces fixed financial obligations and limits exposure to interest costs or refinancing pressure. This gives Orex greater flexibility to preserve capital and pursue exploration priorities, although the benefit depends on maintaining sufficient cash to fund operations and projects.
Read all positive factors
Orex Minerals (REX) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$7.76M
Dividend YieldN/A
Average Volume (3M)21.35K
Price to Earnings (P/E)―
Beta (1Y)2.58
Revenue GrowthN/A
EPS Growth54.79%
CountryCA
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.05
Shares Outstanding70,590,195
10 Day Avg. Volume27,040
30 Day Avg. Volume21,350
Financial Highlights & Ratios
PEG Ratio0.10
Price to Book (P/B)1.55
Price to Sales (P/S)0.00
P/FCF Ratio-8.59
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
Orex Minerals Business Overview & Revenue Model
Company Description
Orex Minerals Inc., a junior mineral exploration company, engages in the acquisition and exploration of mineral properties in Mexico and Canada. It explores for silver, copper, gold, lead, and zinc. The company was incorporated in 1996 and is head...
Orex Minerals Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
20
Very Negative
| Breakdown | Apr 2026 | Jul 2025 | Jul 2024 | Jul 2023 | Apr 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -2.24K | -1.68K | -2.99K | -3.99K | -5.32K |
| EBITDA | -2.74M | -2.56M | -1.40M | -1.77M | -2.03M |
| Net Income | -1.61M | -3.30M | -1.87M | -2.33M | -2.33M |
Balance Sheet | |||||
| Total Assets | 8.17M | 2.86M | 3.47M | 4.61M | 8.59M |
| Cash, Cash Equivalents and Short-Term Investments | 2.63M | 69.05K | 27.91K | 1.13M | 3.30M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 1.45M | 524.38K | 523.48K | 83.42K | 66.18K |
| Stockholders Equity | 6.72M | 2.34M | 2.94M | 4.52M | 8.52M |
Cash Flow | |||||
| Free Cash Flow | -1.21M | -2.11M | -1.13M | -1.76M | -2.06M |
| Operating Cash Flow | -1.21M | -2.11M | -1.13M | -1.76M | -2.06M |
| Investing Cash Flow | -1.81M | -50.00K | -141.31K | -419.06K | -75.42K |
| Financing Cash Flow | 5.53M | 2.20M | 171.18K | 0.00 | 7.52M |
Orex Minerals Technical Analysis
Negative
0.23
Price Trends
0.18
Negative
0.19
Negative
0.24
Negative
Market Momentum
-0.02
Positive
21.21
Positive
>-0.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:REX, the sentiment is Negative. The current price of 0.23 is above the 20-day moving average (MA) of 0.14, above the 50-day MA of 0.18, and below the 200-day MA of 0.24, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 21.21 is Positive, neither overbought nor oversold. The STOCH value of >-0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:REX.
Orex Minerals Peers Comparison
UnderperformOutperform
Sector (55)
TSE:REX
Orex Minerals
0.11
-0.09
-43.59%
TSE:BAD
York Harbour Metals Inc
0.07
-0.02
-22.22%
TSE:XTM
Transition Metals
0.06
-0.02
-21.43%
TSE:PER
Peruvian Metals
0.09
0.05
157.14%
Orex Minerals Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Orex Minerals Moves to Reprice Warrants to Boost Funding Flexibility
Positive
Oct 23, 2026
Orex Minerals Inc. plans to reprice 6,366,282 outstanding common share purchase warrants issued under its November 2024 Warrant Exercise Incentive Program, lowering the exercise price from $0.25 to $0.17, subject to TSX Venture Exchange approval. ...
Business Operations and StrategyRegulatory Filings and Compliance
Orex Minerals Adopts Semi-Annual Reporting to Cut Compliance Burden
Neutral
Sep 16, 2026
Orex Minerals has elected to move to a semi-annual reporting framework under a British Columbia exemption that relieves eligible venture issuers from certain quarterly disclosure requirements. The company will skip filing interim financial stateme...
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.