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Red Metal Resources Ltd.
(RMES)
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Rating:47Neutral
Price Target:
C$0.15
▲(13.85% Upside)
Action:Reiterated
Date:09/11/26
The score is held down primarily by very weak financial performance (no revenue, recurring losses, negative equity, and ongoing cash burn), which raises financing and sustainability risk. Technicals provide some support as the stock is trading above key moving averages, but momentum is not strongly bullish and volatility is high. Valuation is constrained by negative earnings and no dividend data.
Positive Factors
Mineral-asset monetization flexibility
The ability to advance exploration projects while considering options, joint ventures, or other monetization routes gives the company strategic flexibility. These alternatives may help it pursue mineral exposure without relying solely on internally funded development, although execution remains important.
Negative Factors
No operating revenue
The absence of reported revenue shows that the company has not yet established operating scale or a recurring commercial income stream. Without revenue, exploration and corporate costs must be funded externally, leaving profitability dependent on successful asset development or monetization.
Read all positive and negative factors
Positive Factors
Negative Factors
Mineral-asset monetization flexibility
The ability to advance exploration projects while considering options, joint ventures, or other monetization routes gives the company strategic flexibility. These alternatives may help it pursue mineral exposure without relying solely on internally funded development, although execution remains important.
Read all positive factors
Red Metal Resources Ltd. (RMES) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$6.10M
Dividend YieldN/A
Average Volume (3M)152.09K
Price to Earnings (P/E)―
Beta (1Y)2.72
Revenue GrowthN/A
EPS GrowthN/A
CountryCA
Employees1
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.03
Shares Outstanding61,011,524
10 Day Avg. Volume157,422
30 Day Avg. Volume152,089
Financial Highlights & Ratios
PEG Ratio0.52
Price to Book (P/B)-1.27
Price to Sales (P/S)0.00
P/FCF Ratio-6.74
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
Red Metal Resources Ltd. Business Overview & Revenue Model
Company Description
Headquartered in Vancouver, Canada, Red Metal Resources Ltd. specializes in identifying, acquiring, and advancing mineral properties across Chile. The company primarily targets deposits of copper, gold, cobalt, and silver. Its premier asset is the...
Red Metal Resources Ltd. Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
12
Very Negative
Cash Flow
18
Very Negative
| Breakdown | TTM | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -7.26K | -7.79K | -10.45K | -15.80K | -18.92K | -8.63K |
| EBITDA | -1.21M | -773.35K | -667.09K | -274.31K | -1.59M | -1.50M |
| Net Income | -1.49M | -1.04M | -893.72K | -637.81K | -1.77M | -1.62M |
Balance Sheet | ||||||
| Total Assets | 1.68M | 1.63M | 1.35M | 841.41K | 1.01M | 1.47M |
| Cash, Cash Equivalents and Short-Term Investments | 486.75K | 455.17K | 264.78K | 25.70K | 20.78K | 474.32K |
| Total Debt | 2.36M | 2.29M | 2.04M | 2.56M | 2.20M | 1.56M |
| Total Liabilities | 3.75M | 3.85M | 3.17M | 3.53M | 2.99M | 2.11M |
| Stockholders Equity | -2.07M | -2.22M | -1.82M | -2.68M | -1.98M | -642.65K |
Cash Flow | ||||||
| Free Cash Flow | -676.13K | -419.12K | -483.84K | -161.47K | -1.34M | -1.10M |
| Operating Cash Flow | -676.13K | -419.12K | -478.84K | -161.47K | -1.29M | -1.10M |
| Investing Cash Flow | 0.00 | 0.00 | -5.00K | 0.00 | -55.57K | -413.50K |
| Financing Cash Flow | 998.27K | 609.23K | 722.77K | 167.58K | 886.58K | 1.52M |
Red Metal Resources Ltd. Technical Analysis
Positive
0.13
Price Trends
0.12
Positive
0.12
Positive
0.10
Positive
Market Momentum
>-0.01
Positive
59.48
Neutral
68.52
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:RMES, the sentiment is Positive. The current price of 0.13 is above the 20-day moving average (MA) of 0.13, above the 50-day MA of 0.12, and above the 200-day MA of 0.10, indicating a bullish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 59.48 is Neutral, neither overbought nor oversold. The STOCH value of 68.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:RMES.
Red Metal Resources Ltd. Risk Analysis
Red Metal Resources Ltd. disclosed 25 risk factors in its most recent earnings report. Red Metal Resources Ltd. reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Red Metal 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% | |
53 Neutral | C$15.28M | -13.66 | 425.55% | ― | ― | -253.45% | |
49 Neutral | C$15.52M | -5.71 | -30.86% | ― | ― | 81.67% | |
47 Neutral | C$6.10M | -4.67 | 67.34% | ― | ― | ― | |
47 Neutral | C$9.53M | -1.34 | -213.49% | ― | ― | 27.99% | |
41 Neutral | C$3.34M | -4.81 | 16.65% | ― | ― | 22.22% |
* Basic Materials Sector Average
TSE:RMES
Red Metal Resources Ltd.
0.15
0.13
650.00%
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Red Metal Resources Ltd. Corporate Events
Business Operations and Strategy
Red Metal Resources Starts Early Royalty Revenue as Farellon Ore Reaches ENAMI
Positive
Sep 3, 2026
Red Metal Resources has recorded its first copper sulphide ore deliveries from the Farellon 1/8 concession to Chilean state processor ENAMI, with operator Minera KMT hauling about 592 tonnes in August, roughly four months ahead of the development ...
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.