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Honey Badger Exploration
(TUF)
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Rating:44Neutral
Price Target:
C$0.63
▼(-19.10% Downside)
Action:Reiterated
Date:10/24/26
The score is held down primarily by weak financial performance—no revenue, persistent losses, and materially higher TTM cash burn—despite low leverage. Technicals also weigh on the outlook as the stock is in a downtrend with negative momentum, though oversold readings offer only limited offset. Valuation provides little support because the company is loss-making and has no indicated dividend yield.
Positive Factors
Low Leverage
Very low leverage reduces the company’s fixed financial burden and near-term balance-sheet pressure. This gives management greater flexibility to pursue exploration and development activities without the same debt-service constraints faced by more highly leveraged energy businesses.
Negative Factors
No Revenue and Persistent Losses
A prolonged absence of reported revenue, combined with persistent losses, indicates that the business has not yet established an earnings-generating operating base. The sharply wider TTM loss raises concern that commercial progress is not currently offsetting ongoing corporate and development costs.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Very low leverage reduces the company’s fixed financial burden and near-term balance-sheet pressure. This gives management greater flexibility to pursue exploration and development activities without the same debt-service constraints faced by more highly leveraged energy businesses.
Read all positive factors
Honey Badger Exploration (TUF) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$149.20M
Dividend YieldN/A
Average Volume (3M)1.26M
Price to Earnings (P/E)―
Beta (1Y)2.69
Revenue GrowthN/A
EPS Growth-293.62%
CountryCA
Employees3
SectorGeneral
Sector StrengthN/A
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.13
Shares Outstanding252,878,330
10 Day Avg. Volume863,652
30 Day Avg. Volume1,264,852
Financial Highlights & Ratios
PEG Ratio0.29
Price to Book (P/B)6.59
Price to Sales (P/S)0.00
P/FCF Ratio-7.08
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
Honey Badger Exploration Business Overview & Revenue Model
Company Description
Honey Badger Silver Inc. is a Canadian enterprise dedicated to the procurement, exploration, and development of mineral assets across the country. The company's primary focus lies in identifying deposits containing silver, cobalt, gold, zinc, lead...
How the Company Makes Money
Honey Badger Exploration makes money primarily by producing and selling crude oil, natural gas, and/or natural gas liquids (NGLs) from its upstream properties. Revenue is generated based on realized commodity prices multiplied by sales volumes, ne...
Honey Badger Exploration Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
54
Neutral
Cash Flow
12
Very 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 | -56.27K | -25.92K | -95.30K | -115.43K | -111.12K | 0.00 |
| EBITDA | -8.23M | -3.09M | 13.20K | -34.15K | 0.00 | -670.05K |
| Net Income | -23.42M | -2.64M | -2.13M | -1.84M | -1.64M | -7.25M |
Balance Sheet | ||||||
| Total Assets | 13.18M | 3.76M | 649.37K | 344.01K | 638.98K | 2.44M |
| Cash, Cash Equivalents and Short-Term Investments | 5.37M | 3.52M | 484.80K | 304.28K | 577.09K | 2.26M |
| Total Debt | 309.24K | 61.34K | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 7.63M | 1.09M | 388.75K | 552.50K | 307.09K | 683.47K |
| Stockholders Equity | 5.55M | 2.67M | 260.61K | -208.49K | 331.89K | 1.76M |
Cash Flow | ||||||
| Free Cash Flow | -16.96M | -2.49M | -1.77M | -1.51M | -1.60M | -1.40M |
| Operating Cash Flow | -16.96M | -2.49M | -1.77M | -1.51M | -1.60M | -1.40M |
| Investing Cash Flow | 896.97K | -699.03K | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | 19.79M | 5.22M | 1.67M | 1.22M | 0.00 | 3.30M |
Honey Badger Exploration Technical Analysis
Negative
0.78
Price Trends
0.78
Negative
0.78
Negative
0.59
Negative
Market Momentum
-0.06
Positive
28.44
Positive
6.75
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:TUF, the sentiment is Negative. The current price of 0.78 is above the 20-day moving average (MA) of 0.78, above the 50-day MA of 0.78, and above the 200-day MA of 0.59, indicating a bearish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 28.44 is Positive, neither overbought nor oversold. The STOCH value of 6.75 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:TUF.
Honey Badger Exploration 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% | |
47 Neutral | C$157.43M | -212.77 | -1.88% | ― | ― | 82.85% | |
45 Neutral | C$15.48M | -4.44 | -69.71% | ― | ― | 51.04% | |
44 Neutral | C$149.20M | -4.64 | -646.20% | ― | ― | -293.62% | |
44 Neutral | C$19.04M | -35.23 | -3.40% | ― | ― | -125.21% | |
42 Neutral | C$12.53M | -7.69 | -4.98% | ― | ― | -10.34% |
* General Sector Average
TSE:TUF
Honey Badger Exploration
0.59
0.39
195.00%
TSE:DIAM
Star Diamond
0.02
-0.02
-42.86%
TSE:AIR
Clean Air Metals
0.05
-0.02
-23.08%
TSE:NEXU
Nexus Uranium
0.58
-0.42
-42.00%
TSE:KFR
Kingfisher Metals
1.00
0.71
244.83%
TSE:ALEX
Alpha Exploration Ltd.
0.32
-0.20
-38.46%
Honey Badger Exploration Corporate Events
Business Operations and Strategy
Honey Badger Silver Confirms High-Grade Mineralization at Nunavut’s Yava Project
Positive
Oct 14, 2026
Honey Badger Silver has reported encouraging assay results from its first exploration program at the 100%-owned Yava Project in Nunavut, confirming high-grade polymetallic mineralization at the historic Main Zone. The program, completed over five ...
Business Operations and StrategyFinancial Disclosures
Honey Badger Silver’s PC Mine PEA Points to 22-Year, High-Margin Operation
Positive
Sep 17, 2026
Honey Badger Silver has released an updated Preliminary Economic Assessment and Mineral Resource Estimate for the PC Silver Mine, indicating an extended 22-year mine life and strong economic metrics under various commodity price scenarios. The com...
Business Operations and Strategy
Honey Badger Silver Advances Nanisivik Pyrite and Critical Minerals Potential with 2026 Field Program
Positive
Sep 4, 2026
Honey Badger Silver has completed its 2026 field exploration program at the Nanisivik Project in Nunavut, building on 2025 results and a renewed focus on massive pyrite and polymetallic mineralization. The campaign targets both extensive massive-p...
Business Operations and Strategy
Honey Badger Silver Completes First Field Program at Yava Project in Nunavut
Positive
Aug 26, 2026
Honey Badger Silver has completed its first field exploration program at its 100%-owned Yava Project in Nunavut, a polymetallic VMS system hosting a historical, non-compliant resource of silver, copper, zinc, lead and gold. Yava, located in the Ha...
Business Operations and StrategyPrivate Placements and Financing
Honey Badger Silver Gains Spotlight at Canada Investment Summit as PC Mine Advances
Positive
Aug 19, 2026
Honey Badger Silver Inc. has been invited to participate in the inaugural Canada Investment Summit in Toronto, a high‑profile event backed by the federal government and major pension funds aimed at catalyzing $1 trillion of investment in Can...
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.