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Pedro Resources (VBN) AI Stock Analysis

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TSE:VBN

Pedro Resources

(CNQX:VBN)

Select Model
Rating:42Neutral
Price Target:CAD 0.02â–¼(-5.00% Downside)
Action:reiterated
Date:10/03/26

The score is weighed down primarily by weak financial performance—zero revenue, ongoing losses and cash burn, and negative equity with rising debt—despite some improvement in loss and cash-flow trends. Technical signals are mostly neutral-to-weak with flat moving averages and very weak momentum. Valuation is also constrained by negative earnings and no indicated dividend yield.

Positive Factors
Narrowing LossesThe substantial reduction in net losses indicates improved cost control and a lower rate of value destruction than in prior years. Although the company remains unprofitable, continued progress could extend its operating runway and improve the prospects for eventual earnings stabilization.
Negative Factors
No Revenue BaseZero reported revenue means the company currently lacks an operating sales base to support expenses, fund investment, or demonstrate product and market adoption. This makes the business model highly speculative and leaves any path to sustainable profitability dependent on creating revenue in the future.

Pedro Resources (VBN) vs. iShares MSCI Canada ETF (EWC)

-5%0%5%10%15%20%25%30%TSE:VBN0.00%EWC+21.27%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
CAD 796.22K
Dividend Yield
―
Average Volume (3M)
―
Price to Earnings (P/E)
-2.9
Beta (1Y)
0.66
Revenue Growth
―
EPS Growth
76.60%
Country
Canada
Employees
0
Sector
Basic Materials
Sector Strength
61
Industry
Industrial Materials

Pedro Resources Business Overview & Revenue Model

Company Description

Pedro Resources Ltd. specializes in identifying, evaluating, and developing mineral properties. The company maintains complete ownership (100% equity) of thirteen promising mineral concessions, which span 721 claims over 18,025 hectares within the Ca...

Pedro Resources Financial Statement Overview

Summary

Financials remain highly speculative: the company reports zero revenue across periods, persistent operating/net losses, negative operating and free cash flow (ongoing cash burn), and deeply negative shareholders’ equity alongside sharply higher debt. Losses and cash burn have improved versus prior years, but the capital structure and lack of revenue keep financial risk elevated.

Income Statement

12Very Negative

Balance Sheet

7Very Negative

Cash Flow

18Very Negative
Financial statement breakdown
BreakdownTTMMar 2026Jun 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue000000
Gross Profit00000―
EBITDA-203.39K-203.03K0-30.53K-345.27K-1.89M
Net Income-283.30K-283.48K-665.90K-229.06K-345.91K-1.89M
Balance Sheet
Total Assets18.57K18.57K6,49455.13K77.77K225.40K
Cash, Cash Equivalents and Short-Term Investments10.80K10.80K12,212523167.90K
Total Debt663.99K663.99K515.70K163.62K8820
Total Liabilities1.50M1.50M1.20M1.07M874.74K714.26K
Stockholders Equity-1.48M-1.48M-1.19M-1.01M-796.97K-488.87K
Cash Flow
Free Cash Flow-80.87K-67.37K-104.12K-86.28K-235.53K-407.34K
Operating Cash Flow-80.87K-67.37K-104.12K-86.28K-235.53K-407.34K
Investing Cash Flow000000
Financing Cash Flow71.67K71.67K101.91K87.97K68.15K572.05K

Pedro Resources Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

TSE:VBN against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *61Neutral$10.43B7.12-0.05%2.87%2.86%-36.73%
TSE:VBNTSE:VBN42NeutralCAD 796.22K-2.9021.38%――76.60%
TSE:RAINTSE:RAIN39UnderperformCAD 828.26K-0.38734.10%――-58.43%
TSE:SASYTSE:SASY33UnderperformCAD 665.48K-0.09-39.49%―――

* Basic Materials Sector Average

Performance Comparison

-50%0%50%TSE:VBNTSE:GERTSE:VEC.HTSE:SASYTSE:RAINDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
TSE:VBN and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TSE:VBNPedro Resources 0.020.000.00%
TSE:GERGlen Eagle Resources0.010.000.00%
TSE:VEC.HVanadian Energy Corp0.10-0.18-63.60%
TSE:SASYSassy Gold Corp0.040.000.00%
TSE:RAINRain City Resources, Inc.0.01-0.01-50.00%

Pedro Resources Corporate Events

Business Operations and StrategyPrivate Placements and Financing

Pedro Resources Secures Insider-Backed Bridge Financing to Support Strategic Shift

Neutral
Sep 16, 2026

Pedro Resources Ltd. has raised $351,711 through promissory notes issued to a mix of related and arm’s length lenders, providing short-term financing that matures on August 31, 2027, at interest rates of 6% and 12%. The funds will be used for g...

Business Operations and StrategyExecutive/Board Changes

Pedro Resources Names New CFO as It Pursues Strategic Shift Into Biotech Remediation

Positive
Sep 16, 2026

Pedro Resources has appointed Chartered Professional Accountant Nick Miseros as its new chief financial officer, effective August 20, 2026, bringing more than two decades of audit and financial reporting experience for public and private companies ac...

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 03, 2026