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Vulcan Minerals
(VUL)
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Rating:43Neutral
Price Target:
C$0.36
▼(-18.86% Downside)
Action:Reiterated
Date:09/15/26
The score is held down primarily by weak and deteriorating operating performance (losses and minimal/uneven revenue) and persistent negative operating/free cash flow. A strong, near-zero-debt balance sheet partially offsets these risks by providing financial flexibility, while technical indicators remain weak (price below key moving averages, negative MACD) and valuation is not supportive given negative earnings and no stated dividend yield.
Positive Factors
Near-zero leverage
Essentially no debt reduces solvency and refinancing pressure while preserving flexibility to fund exploration, protect liquidity, or pursue opportunities. This low-leverage profile is a durable financial advantage even though it does not by itself resolve the company’s operating losses.
Negative Factors
Deteriorating profitability
Widening losses and persistently negative EBIT and EBITDA indicate that Vulcan is not currently producing sustainable operating earnings. Continued unprofitability can erode equity, restrict internally funded exploration, and increase dependence on asset monetization or external financing over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Near-zero leverage
Essentially no debt reduces solvency and refinancing pressure while preserving flexibility to fund exploration, protect liquidity, or pursue opportunities. This low-leverage profile is a durable financial advantage even though it does not by itself resolve the company’s operating losses.
Read all positive factors
Vulcan Minerals (VUL) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$51.96M
Dividend YieldN/A
Average Volume (3M)88.98K
Price to Earnings (P/E)―
Beta (1Y)1.83
Revenue GrowthN/A
EPS Growth-821.43%
CountryCA
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.03
Shares Outstanding129,902,400
10 Day Avg. Volume77,830
30 Day Avg. Volume88,979
Financial Highlights & Ratios
PEG Ratio-0.13
Price to Book (P/B)0.59
Price to Sales (P/S)0.00
P/FCF Ratio-41.79
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
Vulcan Minerals Business Overview & Revenue Model
Company Description
Vulcan Minerals Inc. (VUL.V) is a mineral exploration firm dedicated to discovering, evaluating, and developing mineral resources across Newfoundland and Labrador. The company primarily targets deposits of base metals like copper, nickel, and coba...
How the Company Makes Money
Vulcan Minerals primarily makes money through the monetization of mineral exploration assets rather than through operating mines. Key potential revenue sources include: (1) Option and joint venture agreements where a partner funds exploration expe...
Vulcan Minerals Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 149.39K | 0.00 | 0.00 | 0.00 |
| Gross Profit | -6.89K | -7.46K | -9.32K | -6.43K | -5.83K | -5.76K |
| EBITDA | -948.62K | -971.09K | -486.77K | -446.13K | -1.23M | -1.97M |
| Net Income | -3.34M | -2.57M | -1.49M | -774.88K | -2.76M | 34.04M |
Balance Sheet | ||||||
| Total Assets | 40.75M | 42.57M | 45.25M | 47.45M | 47.73M | 49.30M |
| Cash, Cash Equivalents and Short-Term Investments | 3.79M | 4.50M | 5.62M | 6.47M | 6.15M | 5.45M |
| Total Debt | 0.00 | 0.00 | 0.00 | 30.00K | 30.00K | 28.54K |
| Total Liabilities | 2.48M | 2.83M | 3.32M | 3.78M | 4.13M | 4.19M |
| Stockholders Equity | 38.27M | 39.74M | 41.92M | 43.67M | 43.61M | 45.11M |
Cash Flow | ||||||
| Free Cash Flow | -848.89K | -556.97K | -517.62K | -191.28K | -332.58K | -1.49M |
| Operating Cash Flow | -777.22K | -551.72K | -501.56K | -190.00K | -318.26K | -1.48M |
| Investing Cash Flow | -955.52K | -704.34K | -1.67M | -2.76M | -275.59K | -9.19M |
| Financing Cash Flow | 232.69K | 140.68K | 27.60K | 1.26M | 1.29M | 14.93M |
Vulcan Minerals Technical Analysis
Negative
0.44
Price Trends
0.42
Negative
0.38
Negative
0.30
Positive
Market Momentum
>-0.01
Positive
41.15
Neutral
33.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:VUL, the sentiment is Negative. The current price of 0.44 is above the 20-day moving average (MA) of 0.41, above the 50-day MA of 0.42, and above the 200-day MA of 0.30, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 41.15 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:VUL.
Vulcan Minerals 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% | |
48 Neutral | C$12.15M | -0.70 | 567.30% | ― | 5.88% | 41.47% | |
47 Neutral | C$14.80M | -0.56 | -66.28% | ― | ― | -10.86% | |
44 Neutral | C$26.21M | -18.48 | -10.56% | ― | ― | -130.00% | |
44 Neutral | C$14.97M | -14.14 | -6.40% | ― | ― | -55.91% | |
43 Neutral | C$51.96M | -14.45 | -8.43% | ― | ― | -821.43% |
* General Sector Average
TSE:VUL
Vulcan Minerals
0.35
0.21
159.26%
TSE:BEX
Benton Resources
0.09
0.02
32.86%
TSE:LIT
Argentina Lithium & Energy
0.08
0.00
0.00%
TSE:NAM
New Age Metals
0.21
-0.02
-8.70%
TSE:EMN
Euro Manganese
0.09
-0.09
-50.00%
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.