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Canstar Resources (ROX) AI Stock Analysis

11 Followers
TSE:ROX

Canstar Resources

(TSXV:ROX)

Select Model
Rating:39Underperform
Price Target:CAD 0.03â–¼(-5.71% Downside)
Action:downgraded
Date:10/30/26

Severely weak financial performance with negative equity and no revenue is the dominant factor; bearish technicals and poor valuation metrics add further downside pressure.

Positive Factors
Multi-commodity exploration portfolioExposure to gold alongside base and critical metals gives Canstar several exploration themes within its portfolio. This breadth can preserve project optionality over the medium term, allowing technical work to prioritize targets with the strongest geological results.
Negative Factors
No revenue and persistent lossesCanstar has no operating revenue to fund its activities and has recorded recurring operating and net losses across the reported periods. Without a producing mine or established revenue base, profitability remains dependent on successful exploration outcomes and continued access to external capital.

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

-60%-40%-20%0%20%40%60%TSE:ROX-50.00%EWC+21.04%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
CAD 7.03M
Dividend Yield
―
Average Volume (3M)
135.19K
Price to Earnings (P/E)
-2.1
Beta (1Y)
0.80
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

Extremely weak across statements: zero revenue, net losses of $3M, negative equity of -$1.3M, debt at $1.9M, and persistent negative cash flows signal high insolvency and funding risk.

Income Statement

18Very Negative

Balance Sheet

12Very Negative

Cash Flow

22Negative
Financial statement breakdown
BreakdownTTMJun 2026Sep 2025Sep 2024Sep 2022Sep 2020
Income Statement
Total Revenue000000
Gross Profit-2,532-2,532-2,977-3,118-3,920-569
EBITDA-4.10M-4.10M-1.63M-1.27M-5.55M-1.42M
Net Income-2.96M-2.96M-1.65M-1.28M-5.59M-1.43M
Balance Sheet
Total Assets1.27M1.27M580.66K589.37K1.05M15.03M
Cash, Cash Equivalents and Short-Term Investments944.23K944.23K418.29K494.38K883.24K4.35M
Total Debt1.92M1.92M426.23K000
Total Liabilities2.59M2.59M831.80K117.61K281.44K293.68K
Stockholders Equity-1.32M-1.32M-251.14K471.76K771.12K14.73M
Cash Flow
Free Cash Flow-3.40M-3.40M-1.40M-1.21M-4.09M-1.57M
Operating Cash Flow-3.40M-3.40M-1.40M-1.21M-4.09M-302.01K
Investing Cash Flow179.10K179.10K239.80K-49.08K4.34M-5.27M
Financing Cash Flow3.13M3.13M1.32M843.84K05.75M

Canstar Resources Technical Analysis

Technical Analysis SentimentNegative
Last Price0.04

Price Trends

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

Market Momentum

MACD-0.00Negative
RSI21.92Positive
STOCH33.33Neutral

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 neutral trend. The MACD of -0.00 indicates Negative momentum. The RSI at 21.92 is Positive, neither overbought nor oversold. The STOCH value of 33.33 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
TSE:VZZTSE:VZZ56NeutralCAD 14.17M6.0225.83%―81.36%―
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
TSE:MTTTSE:MTT52NeutralCAD 20.59M17.3146.05%――136.36%
TSE:BAYTSE:BAY47NeutralCAD 13.91M-6.55-563.83%――-110.00%
TSE:ZIGYTSE:ZIGY45NeutralCAD 70.56M-2.22-33.88%――-181.23%
TSE:BROTSE:BRO43NeutralCAD 92.04M-17.86-9.19%――58.28%
TSE:ROXTSE:ROX39UnderperformCAD 8.03M-2.06780.13%――-53.64%

* General Sector Average

Performance Comparison

0%200%400%600%800%TSE:ROXTSE:BAYTSE:MTTTSE:VZZTSE:ZIGYTSE:BRODec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
TSE:ROX and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TSE:ROXCanstar Resources0.04-0.03-46.15%
TSE:BAYAston Bay Holdings0.060.000.00%
TSE:MTTMagna Terra Minerals0.180.0424.14%
TSE:VZZVal-D'or Mining Corporation0.100.0111.11%
TSE:ZIGYMistango River Resources1.401.10368.23%
TSE:BROBarksdale Resources Corp.0.250.17212.50%

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