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Canstar Resources (ROX) AI Stock Analysis

TSE:ROX

Canstar Resources

(TSXV:ROX)

Select Model
Rating:37Underperform
Price Target:CAD 0.04â–¼(-7.50% Downside)
Action:downgraded
Date:10/30/26

The rock-bottom overall score is driven primarily by extreme financial distress and persistent bearish price action. With zero revenue generation, heavily negative equity, and severe cash burn, the company faces immediate solvency risks and a heavy reliance on external capital. An entrenched technical downtrend and a negative P/E ratio further reinforce the stock's highly speculative and fundamentally unstable profile.

Positive Factors
Exploration exposureCanstar’s business is aligned with potential long-term demand for gold, base metals, and critical metals. Its exploration model gives the company a pathway to create value by advancing mineral properties, although commercial success remains dependent on exploration results and development progress.
Negative Factors
No revenue and persistent lossesThe absence of revenue means Canstar has no demonstrated operating income stream to fund exploration or offset corporate costs. Persistent operating and net losses leave profitability dependent on external funding and make sustained financial self-sufficiency difficult over the coming periods.

Canstar Resources (ROX) vs. iShares MSCI Canada ETF (EWC)

-50%-25%0%25%50%75%100%TSE:ROX-33.33%EWC+21.27%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
CAD 7.43M
Dividend Yield
―
Average Volume (3M)
132.32K
Price to Earnings (P/E)
-2.4
Beta (1Y)
0.73
Revenue Growth
―
EPS Growth
-53.64%
Country
Canada
Employees
10
Sector
General
Sector Strength
55
Industry
Industrial Materials

Canstar Resources Business Overview & Revenue Model

Company Description

Canstar Resources Inc. functions as a junior resource company, primarily focused on the acquisition, exploration, and development of mineral properties throughout Canada. Its key exploration targets include deposits rich in zinc, silver, lead, copper...

Canstar Resources Financial Statement Overview

Summary

Canstar Resources exhibits critical financial distress with zero revenue, widening net losses, and severe cash burn. A deteriorating balance sheet with negative equity and surging debt points to extreme insolvency risk.

Income Statement

12Very Negative

Balance Sheet

8Very Negative

Cash Flow

10Very Negative
Financial statement breakdown
BreakdownTTMJun 2026Sep 2025Sep 2024Sep 2022Sep 2020
Income Statement
Total Revenue000000
Gross Profit-2,532-2,532-2,977-3,118-813-569
EBITDA-4.10M-4.10M-1.63M-1.27M-5.65M-1.42M
Net Income-2.96M-2.96M-1.65M-1.28M-5.66M-1.43M
Balance Sheet
Total Assets1.27M1.27M580.66K589.37K5.87M15.03M
Cash, Cash Equivalents and Short-Term Investments944.23K944.23K418.29K494.38K4.99M4.35M
Total Debt1.92M1.92M426.23K000
Total Liabilities2.59M2.59M831.80K117.61K205.03K293.68K
Stockholders Equity-1.32M-1.32M-251.14K471.76K5.67M14.73M
Cash Flow
Free Cash Flow-3.40M-3.40M-1.40M-1.21M-4.90M-1.57M
Operating Cash Flow-3.40M-3.40M-1.40M-1.21M-4.89M-302.01K
Investing Cash Flow179.10K179.10K239.80K-49.08K-730.46K-5.27M
Financing Cash Flow3.13M3.13M1.32M843.84K5.54M5.75M

Canstar Resources Technical Analysis

Technical Analysis SentimentNegative
Last Price0.04

Price Trends

50DMA0.05Negative
100DMA0.06Negative
200DMA0.06Negative

Market Momentum

MACD-0.00Negative
RSI21.92Positive
STOCH66.67Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ROX, the sentiment is Negative. The current price of 0.04 is below the 20-day moving average (MA) of 0.04, below the 50-day MA of 0.05, and below the 200-day MA of 0.06, indicating a bearish trend. The MACD of -0.00 indicates Negative momentum. The RSI at 21.92 is Positive, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:ROX.

Canstar Resources Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

TSE:ROX against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
TSE:VZZTSE:VZZ53NeutralCAD 15.44M8.7325.83%―81.36%―
TSE:MTTTSE:MTT52NeutralCAD 25.46M22.6046.05%――136.36%
TSE:BAYTSE:BAY47NeutralCAD 15.18M-7.14-563.83%――-110.00%
TSE:BROTSE:BRO46NeutralCAD 86.79M-17.50-9.19%――58.28%
TSE:ZIGYTSE:ZIGY45NeutralCAD 61.06M-2.22-33.88%――-181.23%
TSE:ROXTSE:ROX37UnderperformCAD 7.43M-2.35780.13%――-53.64%

* General Sector Average

Performance Comparison

0%250%500%750%TSE:ROXTSE:BAYTSE:MTTTSE:VZZTSE:ZIGYTSE:BRODec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
TSE:ROX and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TSE:ROXCanstar Resources0.04-0.02-33.33%
TSE:BAYAston Bay Holdings0.060.000.00%
TSE:MTTMagna Terra Minerals0.230.0962.07%
TSE:VZZVal-D'or Mining Corporation0.140.0552.63%
TSE:ZIGYMistango River Resources1.351.10440.00%
TSE:BROBarksdale Resources Corp.0.240.16206.25%

Canstar Resources Corporate Events

Business Operations and StrategyPrivate Placements and Financing

Canstar Resources Launches Fall Drilling After High-Grade Mary March Results

Positive
Oct 30, 2026

Canstar Resources reported new high-grade polymetallic assay results from its summer 2026 drill program at the Mary March VMS project in central Newfoundland, including a 1.8 m intercept grading 6.13% zinc, 106.3 g/t silver, 2.00 g/t gold, 2.53% lead...

Business Operations and StrategyPrivate Placements and Financing

Canstar Secures Director-Backed Bridge Facility Using Churchill Share Pledge

Positive
Sep 17, 2026

Canstar Resources Inc., listed on the TSX Venture Exchange under the symbol ROX and on the OTC market as CSRNF, operates in the mineral exploration sector. The company holds a significant position in Churchill Resources Inc. through common shares and...

Business Operations and StrategyPrivate Placements and Financing

Canstar Resources Hits Widest Massive Sulphide Zone Yet at Mary March

Positive
Aug 27, 2026

Canstar Resources has reported the widest massive sulphide intercept to date at its Mary March Project in Newfoundland, with drill hole MM-26-42 cutting 15.6 metres grading 2.3% copper equivalent, including 9.75 metres at 3.3% copper equivalent. All...

Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance

Canstar Resources Extends Director Bridge Note and Lifts Cap to C$500,000

Neutral
Aug 20, 2026

Canstar Resources has amended a director-related bridge promissory note with BQS Systematic Equities LP, extending its maturity to mid-September 2026 and raising the aggregate principal cap to the Canadian-dollar equivalent of C$500,000. The unsecure...

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.

Date of analysis: Oct 30, 2026