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Search Minerals (SMY) AI Stock Analysis

19 Followers
TSE:SMY

Search Minerals

(TSXV:SMY)

Select Model
Rating:39Underperform
Price Target:CAD 0.12â–¼(-5.38% Downside)
Action:reiterated
Date:11/13/26

The score is driven primarily by severe financial weakness, including no revenue and continued cash burn. Bearish technical trends and the lack of meaningful valuation support further weigh on the stock, while oversold momentum indicators provide only a modest offset.

Positive Factors
Balance Sheet FlexibilityThe company has a comparatively supportive capital structure, with equity substantially exceeding debt and leverage remaining modest. This provides some capacity to fund exploration and development while reducing balance-sheet strain, although continued losses could gradually weaken that flexibility.
Negative Factors
Pre-Revenue OperationsThe absence of revenue and recurring negative gross profit shows that the company remains pre-commercial and has not yet established operating scale. Until meaningful production or sales begin, financial performance depends primarily on project advancement rather than internally generated business income.

Search Minerals (SMY) vs. iShares MSCI Canada ETF (EWC)

-80%-60%-40%-20%0%20%40%TSE:SMY-72.92%EWC+21.04%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
CAD 6.40M
Dividend Yield
―
Average Volume (3M)
19.75K
Price to Earnings (P/E)
-7.1
Beta (1Y)
0.65
Revenue Growth
―
EPS Growth
50.68%
Country
Canada
Employees
0
Sector
General
Sector Strength
55
Industry
Industrial Materials

Search Minerals Business Overview & Revenue Model

Company Description

Search Minerals Inc. specializes in identifying, appraising, and investigating mineral resource properties throughout Canada. The company's exploration activities primarily target rare earth elements. Its leading venture is the Foxtrot project, which...

Search Minerals Financial Statement Overview

Summary

The balance sheet is relatively strong, but zero revenue, persistent losses, and negative operating and free cash flow make the overall financial profile highly speculative.

Income Statement

8Very Negative

Balance Sheet

78Positive

Cash Flow

20Very Negative
Financial statement breakdown
BreakdownTTMFeb 2026Feb 2025Nov 2023Feb 2023Feb 2022
Income Statement
Total Revenue000000
Gross Profit-66.97K-88.79K-121.38K-210.83K-166.00K-60.63K
EBITDA-347.86K-825.11K-399.00K-1.29M-1.41M-1.97M
Net Income-810.56K-1.39M-643.00K-1.54M-1.57M-2.08M
Balance Sheet
Total Assets32.55M32.33M30.37M29.47M29.29M21.65M
Cash, Cash Equivalents and Short-Term Investments626.98K1.43M456.30K7,292457.54K1.62M
Total Debt3.54M4.16M1.57M386.18K80.00K80.00K
Total Liabilities7.23M7.85M5.21M3.80M2.35M802.98K
Stockholders Equity25.32M24.48M25.16M25.67M26.94M20.84M
Cash Flow
Free Cash Flow-1.95M-1.94M-657.04K212.29K-2.11M-5.38M
Operating Cash Flow-613.99K-489.12K-436.56K221.58K-1.75M-1.84M
Investing Cash Flow-1.54M-1.65M-389.42K-1.11M-7.03M-3.54M
Financing Cash Flow2.34M3.12M1.27M435.06K7.62M6.90M

Search Minerals Technical Analysis

Technical Analysis SentimentNegative
Last Price0.13

Price Trends

50DMA0.22Negative
100DMA0.23Negative
200DMA0.28Negative

Market Momentum

MACD-0.02Positive
RSI23.45Positive
STOCH8.89Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SMY, the sentiment is Negative. The current price of 0.13 is below the 20-day moving average (MA) of 0.18, below the 50-day MA of 0.22, and below the 200-day MA of 0.28, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 23.45 is Positive, neither overbought nor oversold. The STOCH value of 8.89 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:SMY.

Search Minerals Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

TSE:SMY 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:WLFTSE:WLF41NeutralCAD 7.59M-2.33-306.36%――-442.00%
TSE:SMYTSE:SMY39UnderperformCAD 6.40M-7.07-3.27%――50.68%
TSE:LITTSE:LIT38UnderperformCAD 10.97M-0.46-66.28%――-10.86%
TSE:MTSTSE:MTS38UnderperformCAD 9.07M-2.88-321.65%――-206.25%

* General Sector Average

Performance Comparison

-50%0%50%100%TSE:SMYTSE:LITTSE:MTSTSE:WLFDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
TSE:SMY and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TSE:SMYSearch Minerals0.13-0.37-74.00%
TSE:LITArgentina Lithium & Energy0.07-0.04-39.13%
TSE:MTSMetallis Resources0.09-0.29-77.63%
TSE:WLFWolfden Resources0.04-0.07-65.45%

Search Minerals Corporate Events

Business Operations and StrategyExecutive/Board Changes

Search Minerals names Jonathan Beigle CEO as it advances Labrador rare earth projects

Positive
Sep 23, 2026

Search Minerals has appointed Jonathan Beigle as chief executive officer and director, effective September 25, 2026, as it advances its Foxtrot, Deep Fox and broader Port Hope Simpson – St. Lewis rare earth district in Labrador. The board highlighted...

Business Operations and StrategyPrivate Placements and Financing

Search Minerals Advances Financing to Fund Labrador Rare Earth Exploration

Positive
Aug 26, 2026

Search Minerals Inc. has closed the second tranche of its non-brokered private placement, raising C$200,015.90 through a combination of units and critical mineral flow-through units priced at C$0.235 and C$0.27 respectively. The proceeds will support...

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: Nov 13, 2026