Want to see TSE:TOC full AI Analyst Report?
Top Page
Tocvan Ventures Corp.
(TOC)
Select Model
Select Model
Rating:53Neutral
Price Target:
C$0.74
▲(2.92% Upside)
Action:Reiterated
Date:08/24/26
The score is held back primarily by weak financial performance (pre-revenue, widening TTM loss and ongoing cash burn), partially offset by a solid debt-light balance sheet. Technical indicators are moderately positive in the near-to-medium term, while valuation is constrained by a negative P/E and lack of dividend support. A positive corporate update (reported discovery at Gran Pilar) provides incremental upside but does not fully offset the current financial risks.
Positive Factors
Debt-free balance sheet
Zero reported debt reduces fixed financial obligations and preserves flexibility to fund exploration. This is a durable balance-sheet advantage, although future financing choices could reintroduce leverage as project spending increases.
Negative Factors
Pre-revenue business model
Without operating revenue, Tocvan lacks internally generated funding for exploration and remains dependent on capital markets, property transactions, or future project development. This limits earnings visibility and increases exposure to financing conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Zero reported debt reduces fixed financial obligations and preserves flexibility to fund exploration. This is a durable balance-sheet advantage, although future financing choices could reintroduce leverage as project spending increases.
Read all positive factors
Tocvan Ventures Corp. (TOC) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$62.21M
Dividend YieldN/A
Average Volume (3M)87.24K
Price to Earnings (P/E)―
Beta (1Y)0.50
Revenue GrowthN/A
EPS Growth-6.02%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.03
Shares Outstanding78,749,016
10 Day Avg. Volume136,311
30 Day Avg. Volume87,243
Financial Highlights & Ratios
PEG Ratio1.37
Price to Book (P/B)3.84
Price to Sales (P/S)0.00
P/FCF Ratio-15.84
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
Tocvan Ventures Corp. Business Overview & Revenue Model
Company Description
Tocvan Ventures Corp. operates as a strategically structured exploration and development company. Its formation was driven by a desire to leverage extended market contractions within the junior mining exploration industry, achieved by pinpointing ...
How the Company Makes Money
Tocvan Ventures does not typically generate operating revenue from selling products or services in the way producing mining companies do; instead, it primarily funds its activities through capital markets financing to advance its exploration prope...
Tocvan Ventures Corp. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Nov 2025 | Nov 2024 | Nov 2023 | Aug 2022 | Nov 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -1.33M | -789.98K | -1.13M | -1.70M | -434.88K | -1.44M |
| Net Income | -2.18M | -803.89K | -1.17M | -1.76M | -3.09M | -1.44M |
Balance Sheet | ||||||
| Total Assets | 23.83M | 15.51M | 10.17M | 7.90M | 7.64M | 2.84M |
| Cash, Cash Equivalents and Short-Term Investments | 8.25M | 3.04M | 780.03K | 1.38M | 1.92M | 149.86K |
| Total Debt | 0.00 | 0.00 | 775.21K | 1.96M | 1.92M | 0.00 |
| Total Liabilities | 1.01M | 2.43M | 2.26M | 3.62M | 4.05M | 82.39K |
| Stockholders Equity | 22.82M | 13.09M | 7.91M | 4.28M | 3.59M | 2.75M |
Cash Flow | ||||||
| Free Cash Flow | -2.94M | -3.17M | -1.26M | -1.08M | -1.86M | -2.47M |
| Operating Cash Flow | -2.60M | -1.78M | -1.26M | -1.08M | -912.84K | -1.23M |
| Investing Cash Flow | -4.98M | -1.39M | -1.55M | -951.44K | -943.41K | -1.24M |
| Financing Cash Flow | 15.26M | 3.97M | 2.89M | 1.96M | 1.79M | 1.73M |
Tocvan Ventures Corp. Technical Analysis
Positive
0.72
Price Trends
0.67
Positive
0.67
Positive
0.83
Negative
Market Momentum
0.02
Positive
66.07
Neutral
52.46
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:TOC, the sentiment is Positive. The current price of 0.72 is below the 20-day moving average (MA) of 0.74, above the 50-day MA of 0.67, and below the 200-day MA of 0.83, indicating a neutral trend. The MACD of 0.02 indicates Positive momentum. The RSI at 66.07 is Neutral, neither overbought nor oversold. The STOCH value of 52.46 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:TOC.
Tocvan Ventures Corp. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | C$62.21M | -28.11 | -11.71% | ― | ― | -6.02% | |
51 Neutral | C$37.35M | -21.30 | -783.73% | ― | ― | -111.50% | |
51 Neutral | C$44.01M | -16.67 | -101.64% | ― | ― | -114.00% | |
49 Neutral | C$85.31M | -7.54 | -46.33% | ― | ― | 47.21% | |
49 Neutral | C$133.84M | -5.58 | -93.99% | ― | ― | 62.56% | |
44 Neutral | C$63.73M | -5.51 | 57.44% | ― | ― | -7.72% |
* Basic Materials Sector Average
TSE:TOC
Tocvan Ventures Corp.
0.79
-0.11
-12.22%
TSE:AAN
Aton Resources
0.50
0.30
150.00%
TSE:BVA
Bravada Gold
1.28
0.92
255.56%
TSE:PX
Pelangio Exploration
0.18
0.02
16.67%
TSE:NKG
Nevada King Gold Corp
0.85
0.20
30.77%
TSE:RUA
Rua Gold
1.17
0.42
56.00%
Tocvan Ventures Corp. Corporate Events
Business Operations and Strategy
Tocvan Expands Mineralized Zones at Gran Pilar as Pilot Plant Nears Completion
Positive
Aug 28, 2026
Tocvan Ventures Corp. reported new surface exploration results at its Gran Pilar Gold-Silver Project in Sonora, Mexico, expanding the Bojorquez Target and outlining a new mineralized zone about four kilometers north of the Main Zone within the Cen...
Business Operations and StrategyM&A Transactions
Tocvan Secures Full Ownership of Flagship Gran Pilar Gold-Silver Project in Sonora
Positive
Aug 27, 2026
Tocvan Ventures Corp., a gold and silver exploration and near-term producer, is advancing two 100%-owned projects in Sonora, Mexico, including the flagship Gran Pilar Gold-Silver Project and the Picacho Gold-Silver Project in the prolific Caborca ...
Business Operations and Strategy
Tocvan Unveils Major Gold-Silver Discovery at Gran Pilar’s El Mezquite Trend
Positive
Aug 6, 2026
Tocvan Ventures Corp. has announced a significant near-surface gold-silver discovery at its 100%-owned Gran Pilar project in Sonora, Mexico, highlighting a major intercept along the 1.2-kilometre El Mezquite trend. The latest drilling includes hol...
Business Operations and Strategy
Canary Gold to Showcase Brazil Gold Portfolio at CEM’s 100th Capital Event
Positive
Jul 16, 2026
Canary Gold Corp., a Canadian gold exploration company focused on Brazil, has assembled a significant land package in the Madeira River region of Rondônia through an option on the Rio Madeira Project and the acquisition of additional tenement...
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.