Usha Resources (USHA) AI Stock Analysis

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Usha Resources

(TSXV:USHA)

Select Model

Rating:48Neutral

Price Target:CAD 0.04▲(0.00% Upside)

Action:reiterated

Date:10/14/26

The score is held back primarily by weak financial performance: no reported revenue, ongoing operating losses, and continued operating/free cash flow burn despite a 2026 net income improvement that is not supported by cash generation. Technicals add a mild negative-to-neutral tilt with the price below key longer-term moving averages and a negative MACD. A low P/E provides some valuation support, but it is less persuasive given the underlying operating and cash flow profile.

Positive Factors

Conservative capitalizationLow leverage and a growing equity base give Usha a stronger capitalization cushion while it advances projects without substantial debt. This can preserve financing flexibility for exploration and help absorb the extended period before projects generate operating revenue.

Negative Factors

No reported revenueA pre-revenue profile means Usha has not yet demonstrated commercial traction or an operating revenue stream from its mineral projects. Until exploration produces an economic asset or transaction, the company remains dependent on capital and project advancement rather than internally generated business income.

Usha Resources (USHA) vs. iShares MSCI Canada ETF (EWC)

Market Cap: CAD 2.07M
Dividend Yield: ―
Average Volume (3M): 100.11K
Price to Earnings (P/E): 2.3
Beta (1Y): 1.02
Revenue Growth: ―
EPS Growth: ―
Country: Canada
Employees: 2
Sector: Basic Materials
Sector Strength: 61
Industry: Other Precious Metals

Usha Resources Business Overview & Revenue Model

Company Description

Usha Resources Ltd. is an enterprise primarily engaged in the acquisition and exploration of mineral assets. The company actively searches for deposits of precious metals and industrial minerals, specifically gold, nickel, copper, and cobalt. Its hol...

Usha Resources Financial Statement Overview

Summary

Overall financial quality is constrained by a pre-revenue profile, recurring negative EBIT, and persistent operating/free cash flow burn. While 2026 shows a return to positive net income, it is not supported by positive operating cash flow, suggesting the improvement may be non-operating and not yet evidence of self-funding operations. Balance sheet leverage is low and equity has grown, but operating performance and cash generation remain the key weaknesses.

Income Statement

28Negative

Balance Sheet

62Positive

Cash Flow

24Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Jun 2025	Jun 2024	Jun 2023	Jun 2022
Income Statement
Total Revenue	0	0	0	0	0	0
Gross Profit	0	0	0	-127.68K	0	0
EBITDA	-2.36M	-364.28K	0	-1.26M	-955.01K	28.47K
Net Income	1.38M	1.38M	-162.51K	-3.43M	-2.98M	-942.44K
Balance Sheet
Total Assets	10.91M	10.91M	8.94M	5.67M	6.94M	2.39M
Cash, Cash Equivalents and Short-Term Investments	255.37K	255.37K	530.35K	1.15M	2.54M	1.17M
Total Debt	483.26K	483.26K	0	0	0	0
Total Liabilities	714.28K	714.28K	239.63K	436.18K	101.62K	90.51K
Stockholders Equity	10.20M	10.20M	8.71M	5.24M	6.84M	2.30M
Cash Flow
Free Cash Flow	-193.81K	-137.17K	-1.78M	-2.82M	-4.51M	-1.03M
Operating Cash Flow	-137.17K	-137.17K	-697.69K	-1.67M	-3.10M	-978.86K
Investing Cash Flow	-637.30K	-637.30K	-1.09M	-1.15M	-1.42M	-49.02K
Financing Cash Flow	499.50K	499.50K	1.16M	1.43M	5.88M	1.98M

Usha Resources Technical Analysis

Technical Analysis SentimentNegative

Last Price0.04

Price Trends

50DMA0.04Negative

100DMA0.05Negative

200DMA0.05Negative

Market Momentum

MACD-0.00Positive

RSI24.12Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:USHA, the sentiment is Negative. The current price of 0.04 is below the 20-day moving average (MA) of 0.04, below the 50-day MA of 0.04, and below the 200-day MA of 0.05, indicating a bearish trend. The MACD of -0.00 indicates Positive momentum. The RSI at 24.12 is Positive, neither overbought nor oversold. The STOCH value of is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:USHA.

Usha Resources Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

TSE:USHA against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
TSE:USHA	48Neutral	CAD 3.22M	2.32	16.00%	―	―	―
TSE:GLD	41Neutral	CAD 2.41M	-8.69	-30.67%	―	―	77.51%
TSE:MTH	38Underperform	CAD 2.66M	-2.69	217.16%	―	―	-50.82%
TSE:PERU	38Underperform	CAD 3.25M	-4.20	-34.91%	―	―	96.26%

* Basic Materials Sector Average

Performance Comparison

TSE:USHA and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TSE:USHA	Usha Resources Ltd.	0.04	0.00	0.00%
TSE:GLD	GoldON Resources	0.04	-0.03	-46.15%
TSE:MTH	Mammoth Resources	0.03	-0.02	-44.44%
TSE:PERU	Chakana Copper Corp	0.06	-0.11	-65.71%
TSE:GSPR	Gsp Resource Corp.	0.08	-0.00	-2.35%
TSE:GMC	Germanium Mining Corp.	0.14	-0.33	-69.79%

Usha Resources Corporate Events

Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance

Usha Resources to Pay Debenture Interest in Shares and Adopt Semi-Annual Reporting

Neutral

Sep 3, 2026

Usha Resources plans to issue 250,000 common shares at a deemed price of $0.05 to settle $12,500 of semi-annual interest owed on its $500,000 unsecured convertible debentures, subject to TSX Venture Exchange approval. The interest-payment shares will...

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: Oct 14, 2026

Usha Resources AI Stock Analysis