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Royal Road Minerals
(RYR)
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Rating:47Neutral
Price Target:
C$0.21
▼(-3.64% Downside)
Action:Reiterated
Date:08/26/26
Overall score is held back primarily by weak financial performance (no revenue, recurring losses, and ongoing cash burn with TTM deterioration), which elevates funding and execution risk despite low leverage. Technicals are mildly constructive with price above key moving averages and neutral momentum indicators, but they are not strong enough to offset the fundamental cash-flow and profitability pressures. Valuation offers limited support due to negative earnings (negative P/E) and no dividend yield data.
Positive Factors
Very Low Leverage
Minimal debt lowers fixed financial obligations and preserves flexibility to fund exploration or pursue partnerships. This is a durable balance-sheet advantage, although it does not remove the company’s need to secure capital for ongoing cash burn.
Negative Factors
No Revenue or Production
Royal Road remains pre-production or non-producing, so it lacks recurring operating revenue to fund exploration and corporate costs. Profitability depends on future project success, financing, or partnerships, creating a long-duration execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Very Low Leverage
Minimal debt lowers fixed financial obligations and preserves flexibility to fund exploration or pursue partnerships. This is a durable balance-sheet advantage, although it does not remove the company’s need to secure capital for ongoing cash burn.
Read all positive factors
Royal Road Minerals (RYR) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$66.25M
Dividend YieldN/A
Average Volume (3M)62.78K
Price to Earnings (P/E)―
Beta (1Y)2.14
Revenue GrowthN/A
EPS Growth-7.24%
CountryCA
Employees24
SectorGeneral
Sector StrengthN/A
IndustryGold
Share Statistics
EPS (TTM)-0.02
Shares Outstanding331,243,320
10 Day Avg. Volume138,574
30 Day Avg. Volume62,782
Financial Highlights & Ratios
PEG Ratio-0.38
Price to Book (P/B)6.12
Price to Sales (P/S)0.00
P/FCF Ratio-15.58
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
Royal Road Minerals Business Overview & Revenue Model
Company Description
Royal Road Minerals Limited actively discovers and develops mineral deposits across Colombia, Nicaragua, and Peru, with a primary focus on identifying gold and copper reserves. The company maintains significant stakes in Nicaragua, including the L...
How the Company Makes Money
Royal Road Minerals’ primary business activity is mineral exploration rather than mineral production. Detailed, company-specific revenue information (e.g., recurring operating revenues, production sales, royalty income, or contract-service revenue...
Royal Road Minerals Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
54
Neutral
Cash Flow
22
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -88.49K | -104.42K | -52.12K | -62.37K | -68.17K | -44.35K |
| EBITDA | -5.25M | -3.53M | -2.59M | -14.73M | -9.22M | -13.07M |
| Net Income | -6.85M | -5.78M | -4.63M | -15.46M | -12.33M | 15.81M |
Balance Sheet | ||||||
| Total Assets | 4.66M | 8.86M | 9.83M | 14.27M | 28.06M | 39.66M |
| Cash, Cash Equivalents and Short-Term Investments | 3.50M | 6.54M | 7.98M | 13.29M | 21.11M | 29.02M |
| Total Debt | 98.00K | 107.43K | 44.37K | 79.19K | 110.08K | 146.06K |
| Total Liabilities | 291.94K | 307.34K | 314.79K | 366.36K | 974.62K | 944.48K |
| Stockholders Equity | 4.37M | 8.55M | 9.51M | 13.91M | 27.09M | 38.72M |
Cash Flow | ||||||
| Free Cash Flow | -5.17M | -3.36M | -3.24M | -6.96M | -9.31M | 17.79M |
| Operating Cash Flow | -5.17M | -3.18M | -3.14M | -6.94M | -8.85M | 17.91M |
| Investing Cash Flow | -972.58K | -2.62M | 4.10M | -7.44M | -534.74K | -121.80K |
| Financing Cash Flow | 4.89M | 4.69M | -45.51K | -43.64K | -41.81K | 639.48K |
Royal Road Minerals Technical Analysis
Negative
0.22
Price Trends
0.20
Negative
0.20
Negative
0.21
Negative
Market Momentum
<0.01
Positive
49.17
Neutral
23.81
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:RYR, the sentiment is Negative. The current price of 0.22 is above the 20-day moving average (MA) of 0.20, above the 50-day MA of 0.20, and above the 200-day MA of 0.21, indicating a bearish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 49.17 is Neutral, neither overbought nor oversold. The STOCH value of 23.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:RYR.
Royal Road Minerals 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$59.88M | -30.88 | -5.99% | ― | ― | 8.72% | |
49 Neutral | C$64.10M | -23.58 | -369.23% | ― | ― | -18.27% | |
49 Neutral | C$74.54M | -23.91 | -50.45% | ― | ― | -28.17% | |
47 Neutral | C$66.25M | -8.44 | -111.36% | ― | ― | -7.24% | |
47 Neutral | C$88.42M | -6.92 | -48.90% | ― | ― | -187.50% | |
46 Neutral | C$34.48M | -5.85 | -32.41% | ― | ― | 26.66% |
* General Sector Average
TSE:RYR
Royal Road Minerals
0.20
0.07
53.85%
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Royal Road Minerals Corporate Events
Business Operations and Strategy
Royal Road Extends Near-Surface Zinc-Silver Discovery at Saudi Hanash North
Positive
Aug 18, 2026
Royal Road Minerals reported new reverse circulation drill results from the Hanash North prospect at its Jabal Sahabiyah project in southwestern Saudi Arabia, expanding a near-surface zinc-silver polymetallic discovery hosted in a calc-silicate sk...
Business Operations and Strategy
Royal Road Minerals Grants 12.1 Million Stock Options to Key Stakeholders
Positive
Aug 10, 2026
Royal Road Minerals has granted 12,100,000 stock options to directors, officers, employees and consultants, exercisable at $0.25 per share for three years, with shares issued on exercise subject to a four-month hold period. Following this grant, t...
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.