TipRanks
Go Ultimate55% OFF

Voyageur Pharmaceuticals (VM) AI Stock Analysis

TSE:VM

Voyageur Pharmaceuticals

(TSXV:VM)

Select Model
Rating:41Neutral
Price Target:CAD 0.12â–¼(-8.00% Downside)
Action:reiterated
Date:10/21/26

The overall score is very low, driven primarily by the company's extremely weak financial performance, which includes minimal revenue, deep losses, and negative cash flows. The neutral technical picture and poor valuation metrics, characterized by negative earnings, provide no offsetting support. The company faces significant financial and execution risks typical of a pre-revenue development-stage entity.

Positive Factors
Early Revenue GrowthRevenue growth indicates that Voyageur is beginning to establish commercial traction from a very small base. If this trend continues, expanding sales could improve operating leverage and help the company progress toward supporting its pharmaceutical-materials development activities.
Negative Factors
Severe UnprofitabilityLarge gross and net losses show that the current revenue base is far below the cost structure required to operate the business. Until sales scale materially or costs decline, profitability remains structurally distant and earnings are unlikely to provide internal funding.

Voyageur Pharmaceuticals (VM) vs. iShares MSCI Canada ETF (EWC)

-60%-40%-20%0%20%40%TSE:VM-16.67%EWC+24.02%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
CAD 4.53M
Dividend Yield
―
Average Volume (3M)
155.59K
Price to Earnings (P/E)
-5.5
Beta (1Y)
0.14
Revenue Growth
360.63%
EPS Growth
14.21%
Country
Canada
Employees
49
Sector
Healthcare
Sector Strength
51
Industry
Drug Manufacturers - Specialty & Generic

Voyageur Pharmaceuticals Business Overview & Revenue Model

Company Description

Voyageur Pharmaceuticals Ltd. specializes in the creation of mineral-based active pharmaceutical ingredients (APIs). The company aims to produce radiocontrast agents utilizing barium and iodine, along with pharmaceutical products derived from bromine...

Voyageur Pharmaceuticals Financial Statement Overview

Summary

Financial health is extremely weak. Revenue is minimal ($47.2k TTM) with negative gross margins, deep operating losses (EBIT margin -108%), and a net loss of $3.8M. The balance sheet shows a thin equity cushion of $408k, eroded by accumulated losses, and cash flows are negative (-$1.01M TTM), indicating a high cash burn and dependency on external financing.

Income Statement

18Very Negative

Balance Sheet

22Negative

Cash Flow

19Very Negative
Financial statement breakdown
BreakdownTTMFeb 2026Feb 2025Feb 2024Feb 2023Feb 2022
Income Statement
Total Revenue47.24K11.69K0000
Gross Profit-2.17M-1.22M-1,570-2,185-2,908-2,246
EBITDA-3.80M-3.53M-1.71M-1.22M-1.74M-2.05M
Net Income-3.80M-3.53M-1.71M-1.40M-1.75M-2.05M
Balance Sheet
Total Assets3.22M3.11M2.60M2.16M2.10M2.57M
Cash, Cash Equivalents and Short-Term Investments441.87K267.05K165.57K2,08531.56K812.97K
Total Debt40.00K40.00K40.00K40.00K25.52K42.08K
Total Liabilities2.81M1.85M2.15M727.88K630.83K660.64K
Stockholders Equity408.20K1.25M449.96K1.44M1.46M1.91M
Cash Flow
Free Cash Flow-1.01M-2.89M-302.29K-991.25K-2.00M-2.09M
Operating Cash Flow-1.01M-2.89M-302.29K-991.25K-1.72M-1.65M
Investing Cash Flow-272.31K-270.02K-165.96K-174.72K-274.15K-432.08K
Financing Cash Flow1.35M3.26M631.73K1.14M1.21M2.90M

Voyageur Pharmaceuticals Technical Analysis

Technical Analysis SentimentNegative
Last Price0.13

Price Trends

50DMA0.15Negative
100DMA0.14Negative
200DMA0.13Negative

Market Momentum

MACD-0.01Positive
RSI42.10Neutral
STOCH16.67Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:VM, the sentiment is Negative. The current price of 0.13 is below the 20-day moving average (MA) of 0.13, below the 50-day MA of 0.15, and below the 200-day MA of 0.13, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 42.10 is Neutral, neither overbought nor oversold. The STOCH value of 16.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:VM.

Voyageur Pharmaceuticals Peers Comparison

Overall Rating

UnderperformOutperform
Sector (51)

Financial Indicators

TSE:VM against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *51Neutral$7.86B-0.30-43.30%2.27%22.53%-2.21%
TSE:LABSTSE:LABS49NeutralCAD 27.77M-5.60-13.79%―-6.74%43.54%
TSE:ROMJTSE:ROMJ45NeutralCAD 25.34M-15.24-4.00%―16.66%-1007.41%
TSE:INNOTSE:INNO44NeutralCAD 8.55M-6.57-19.37%―-19.20%42.54%
TSE:PCLOTSE:PCLO42NeutralCAD 9.34M-2.6728.59%―0.90%57.73%
TSE:AVCNTSE:AVCN41NeutralCAD 14.11M-3.24-108.44%―-0.23%-142.54%
TSE:VMTSE:VM41NeutralCAD 27.16M-5.53-403.29%―360.63%14.21%

* Healthcare Sector Average

Performance Comparison

0%100%200%TSE:VMTSE:LABSTSE:PCLOTSE:ROMJTSE:AVCNTSE:INNODec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
TSE:VM and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TSE:VMVoyageur Pharmaceuticals Ltd.0.13-0.02-16.67%
TSE:LABSMedipharm Labs (Otc)0.06-0.01-14.29%
TSE:PCLOPharmacielo0.050.0111.11%
TSE:ROMJRubicon Organics 0.36-0.14-27.27%
TSE:AVCNAvicanna Inc0.10-0.14-59.18%
TSE:INNOInnocan Pharma Corporation1.90-16.10-89.44%

Voyageur Pharmaceuticals Corporate Events

Business Operations and StrategyPrivate Placements and Financing

Voyageur Pharmaceuticals Converts Debt to Equity to Preserve Cash and Advance Contrast Media Strategy

Positive
Oct 2, 2026

Voyageur Pharmaceuticals has completed a shares-for-debt settlement totaling $192,300, issuing common shares at a deemed price of $0.155 to an officer and other creditors in order to preserve cash resources. The transaction, which received final acce...

Business Operations and StrategyPrivate Placements and Financing

Voyageur Pharmaceuticals Converts Debt to Equity to Preserve Cash

Positive
Sep 24, 2026

Voyageur Pharmaceuticals Ltd., a Canadian developer of barium and iodine contrast media for medical imaging, is pursuing a vertically integrated model in the radiology drug market. Leveraging its fully owned Frances Creek barium sulfate resource and...

Business Operations and Strategy

Voyageur advances high-purity iodine extraction with field pilot plans

Positive
Aug 10, 2026

Voyageur Pharmaceuticals has advanced its proprietary Mueller iodine extraction process, achieving laboratory production of iodine at 99.8% purity with overall recovery above 90%. The company has established a dedicated lab and fabrication site in Ho...

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 21, 2026