Sparton Resources (SRI) AI Stock Analysis

Sparton Resources

(TSXV:SRI)

Select Model

Rating:40Underperform

Price Target:CAD 0.01▼(-6.67% Downside)

Action:downgraded

Date:09/14/26

Primary drag from weak financials with persistent losses and cash burn despite revenue growth; secondary pressure from price below moving averages and negative P/E.

Positive Factors

Manageable leverageModerate leverage means the company is not heavily reliant on debt financing and may retain some flexibility to manage operations or pursue recovery. This is a relative balance-sheet strength, although it does not offset the pressure created by persistent losses and negative returns.

Negative Factors

Persistent unprofitabilityLarge operating and net losses indicate that the current revenue base is far below the level needed to cover the company’s cost structure. Continued unprofitability erodes shareholder value, limits internally funded investment, and makes a durable earnings recovery dependent on substantial operational improvement.

Sparton Resources (SRI) vs. iShares MSCI Canada ETF (EWC)

Market Cap: CAD 2.73M
Dividend Yield: ―
Average Volume (3M): 154.32K
Price to Earnings (P/E): -5.8
Beta (1Y): 1.10
Revenue Growth: ―
EPS Growth: 53.49%
Country: Canada
Employees: 0
Sector: General
Sector Strength: 55
Industry: Industrial Materials

Sparton Resources Business Overview & Revenue Model

Company Description

Sparton Resources Inc., a Canadian enterprise in the exploration and development phase, focuses on investigating and assessing properties throughout Canada. The company's mineral portfolio features two significant gold assets: the Bruell Gold Propert...

How the Company Makes Money

null

Sparton Resources Financial Statement Overview

Summary

Revenue rose 200% but large operating losses and -284% net margin persist; balance sheet offers moderate stability via 0.29 debt-to-equity and positive equity, offset by ongoing cash burn.

Income Statement

35Negative

Balance Sheet

68Positive

Cash Flow

25Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	188.09K	0	0	954.10K	1.14M	470.77K
Gross Profit	5,377	-20.48K	-20.72K	45.69K	333.05K	56.18K
EBITDA	-559.79K	-341.84K	-869.91K	-280.67K	-328.31K	-340.60K
Net Income	-533.47K	-369.08K	-706.85K	-330.88K	-353.39K	-360.25K
Balance Sheet
Total Assets	1.81M	1.95M	1.91M	2.24M	1.94M	1.92M
Cash, Cash Equivalents and Short-Term Investments	869	284.49K	5,253	411.41K	85.39K	246.10K
Total Debt	280.32K	271.14K	281.70K	227.16K	224.08K	241.00K
Total Liabilities	509.38K	560.10K	563.39K	565.35K	614.70K	553.07K
Stockholders Equity	959.93K	1.04M	992.75K	1.32M	977.75K	1.02M
Cash Flow
Free Cash Flow	-541.29K	-96.07K	-813.15K	-140.05K	-223.89K	-344.95K
Operating Cash Flow	-541.29K	-96.07K	-813.15K	-138.85K	-155.13K	-296.30K
Investing Cash Flow	0	0	0	19.70K	-68.76K	-48.65K
Financing Cash Flow	379.00K	375.30K	407.00K	450.00K	68.00K	478.56K

Sparton Resources Technical Analysis

Technical Analysis SentimentNegative

Last Price0.01

Price Trends

50DMA0.02Negative

100DMA0.02Negative

200DMA0.02Negative

Market Momentum

MACD-0.00Negative

RSI37.98Neutral

STOCH50.00Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SRI, the sentiment is Negative. The current price of 0.01 is below the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and below the 200-day MA of 0.02, indicating a neutral trend. The MACD of -0.00 indicates Negative momentum. The RSI at 37.98 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:SRI.

Sparton Resources Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TSE:SRI against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TSE:SCLT	44Neutral	CAD 6.28M	16.91	18.41%	―	―	―
TSE:SIEN	44Neutral	CAD 4.13M	-5.11	-19.72%	―	―	65.37%
TSE:GOR	42Neutral	CAD 3.11M	-15.38	-221.67%	―	―	28.57%
TSE:NEV	40Underperform	CAD 4.84M	-2.19	-147.06%	―	―	-1857.14%
TSE:SRI	40Underperform	CAD 2.73M	-5.76	-48.88%	―	―	53.49%
TSE:ETR	39Underperform	CAD 3.54M	-9.65	-7.79%	―	―	-7.41%

* General Sector Average

Performance Comparison

TSE:SRI and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TSE:SRI	Sparton Resources	0.01	-0.01	-50.00%
TSE:SCLT	Searchlight Resources Inc	0.12	0.02	21.05%
TSE:GOR	Goldrea Resources	0.02	0.00	0.00%
TSE:SIEN	Sienna Resources	0.09	-0.04	-30.77%
TSE:NEV	Nevada Sunrise Gold	0.03	-0.01	-25.00%
TSE:ETR	Etruscus Resources Corp.	0.06	-0.03	-38.89%

Sparton Resources Corporate Events

Business Operations and StrategyExecutive/Board Changes

Sparton Resources Strikes Morrison Silver Mine JV With Glen Eagle, Expands Corporate Team

Positive

Sep 1, 2026

Sparton Resources has entered a definitive option and joint venture agreement with Glen Eagle Resources for the past-producing Morrison Silver Mine in northeastern Ontario. Glen Eagle can earn up to a 70% interest in the property over three years thr...

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: Sep 14, 2026

Sparton Resources AI Stock Analysis