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XXIX Metal
(XXIX)
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Rating:51Neutral
Price Target:
C$0.20
▲(25.63% Upside)
Action:Reiterated
Date:09/30/26
The score is held down primarily by weak financial performance (no revenue, ongoing losses, and persistent cash burn), despite the benefit of a debt-free balance sheet and improved equity. Technicals are a relative bright spot with an upward moving-average structure and moderate momentum. Valuation support is limited because the company is loss-making (negative P/E) and no dividend yield is available.
Positive Factors
Debt-free balance sheet
A debt-free balance sheet reduces solvency and refinancing pressure while preserving flexibility for future investment. With no reported debt burden, the company has more capacity to direct available resources toward advancing its business rather than servicing lenders.
Negative Factors
No revenue
The absence of reported revenue shows that the company has not yet established commercial scale or a recurring operating base. Without sales, there is no demonstrated customer monetization or revenue foundation to support durable margins and self-funded growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A debt-free balance sheet reduces solvency and refinancing pressure while preserving flexibility for future investment. With no reported debt burden, the company has more capacity to direct available resources toward advancing its business rather than servicing lenders.
Read all positive factors
XXIX Metal (XXIX) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$84.13M
Dividend YieldN/A
Average Volume (3M)882.82K
Price to Earnings (P/E)―
Beta (1Y)0.61
Revenue GrowthN/A
EPS GrowthN/A
CountryCA
Employees6
SectorBasic Materials
Sector Strength58
IndustryCopper
Share Statistics
EPS (TTM)-0.01
Shares Outstanding420,658,480
10 Day Avg. Volume578,398
30 Day Avg. Volume882,815
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)5.00
Price to Sales (P/S)0.00
P/FCF Ratio-9.27
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)-0.01
Revenue Forecast (FY)N/A
XXIX Metal Business Overview & Revenue Model
Company Description
Operating within Canada, XXIX Metal Corp. is actively involved in the prospecting, development, and extraction of mineral resources. The company specifically targets deposits containing copper and gold. Formerly known as QC Copper and Gold Inc., t...
XXIX Metal Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
55
Neutral
Cash Flow
22
Negative
| Breakdown | TTM | Jan 2026 | Jan 2025 | Oct 2023 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -139.73K | -44.33K | -11.88K | -11.11K | -15.49K | -11.88K |
| EBITDA | -6.82M | -17.70M | -2.90M | -4.81M | -6.50M | -170.12K |
| Net Income | -4.01M | -15.73M | -4.86M | -7.32M | -3.91M | 482.13K |
Balance Sheet | ||||||
| Total Assets | 23.29M | 11.85M | 8.24M | 12.38M | 16.84M | 20.73M |
| Cash, Cash Equivalents and Short-Term Investments | 18.80M | 7.60M | 6.32M | 10.21M | 15.39M | 17.51M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 8.23M | 5.10M | 495.76K | 262.27K | 318.66K | 3.56M |
| Stockholders Equity | 15.06M | 6.75M | 7.74M | 12.12M | 16.52M | 17.17M |
Cash Flow | ||||||
| Free Cash Flow | -5.55M | -3.64M | -1.69M | -4.42M | -10.07M | -5.93M |
| Operating Cash Flow | -5.55M | -3.47M | -1.57M | -4.42M | -10.07M | -5.87M |
| Investing Cash Flow | -290.53K | 359.01K | -136.42K | -534.74K | -37.26K | 7.75M |
| Financing Cash Flow | 21.64M | 5.46M | 0.00 | 1.93M | 1.45M | 13.89M |
XXIX Metal Technical Analysis
Positive
0.16
Price Trends
0.17
Positive
0.15
Positive
0.13
Positive
Market Momentum
<0.01
Positive
55.86
Neutral
47.62
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:XXIX, the sentiment is Positive. The current price of 0.16 is below the 20-day moving average (MA) of 0.20, below the 50-day MA of 0.17, and above the 200-day MA of 0.13, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 55.86 is Neutral, neither overbought nor oversold. The STOCH value of 47.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:XXIX.
XXIX Metal Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
56 Neutral | C$46.10M | -10.33 | -15.53% | ― | ― | -25.32% | |
51 Neutral | C$84.13M | -17.43 | -36.67% | ― | ― | ― | |
45 Neutral | C$134.92M | -30.91 | -38.59% | ― | ― | 20.00% | |
41 Neutral | C$18.80M | -12.78 | -103.21% | 114.29% | ― | -7.89% | |
40 Underperform | C$4.76M | -1.12 | -187.76% | ― | ― | -3.49% |
* Basic Materials Sector Average
TSE:XXIX
XXIX Metal
0.19
0.09
80.95%
TSE:USCU
US Copper Corp
0.12
<0.01
4.55%
TSE:KCC
Kincora Copper
0.97
0.04
4.30%
TSE:CPER
CopperCorp Resources, Inc.
0.04
-0.06
-60.00%
TSE:CCI
Canadian Copper, Inc.
0.68
0.44
183.33%
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.