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Canasil Resources Inc.
Buy, Hold or Sell?

Let's analyse Canasil together

PenkeI guess you are interested in Canasil Resources Inc.. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Canasil Resources Inc.. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Canasil (30 sec.)










What can you expect buying and holding a share of Canasil? (30 sec.)

How much money do you get?

How much money do you get?
C$0.00
When do you have the money?
1 year
How often do you get paid?
0.0%

What is your share worth?

Current worth
C$0.00
Expected worth in 1 year
C$-0.02
How sure are you?
40.0%

+ What do you gain per year?

Total Gains per Share
C$-0.02
Return On Investment
-54.9%

For what price can you sell your share?

Current Price per Share
C$0.03
Expected price per share
C$0.03 - C$0.03
How sure are you?
50%

1. Valuation of Canasil (5 min.)




Live pricePrice per Share (EOD)

C$0.03

Intrinsic Value Per Share

C$-0.02 - C$0.00

Total Value Per Share

C$-0.02 - C$0.00

2. Growth of Canasil (5 min.)




Is Canasil growing?

Current yearPrevious yearGrowGrow %
How rich?-$58.5k$377.3k-$435.8k-744.1%

How much money is Canasil making?

Current yearPrevious yearGrowGrow %
Making money-$662.3k-$1.6m$978k147.7%
Net Profit Margin0.0%0.0%--

How much money comes from the company's main activities?

3. Financial Health of Canasil (5 min.)




4. Comparing to competitors in the Other Industrial Metals & Mining industry (5 min.)




  Industry Rankings (Other Industrial Metals & Mining)  


Richest
#821 / 897

Most Revenue
#712 / 897

Most Profit
#450 / 897

Most Efficient
#416 / 897

What can you expect buying and holding a share of Canasil? (5 min.)

Welcome investor! Canasil's management wants to use your money to grow the business. In return you get a share of Canasil.

What can you expect buying and holding a share of Canasil?

First you should know what it really means to hold a share of Canasil. And how you can make/lose money.

Speculation

The Price per Share of Canasil is C$0.03. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Canasil.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Canasil, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is C$0.00. Based on the TTM, the Book Value Change Per Share is C$0.00 per quarter. Based on the YOY, the Book Value Change Per Share is C$0.00 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is C$0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Canasil.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 C$% of Price per ShareC$% of Price per ShareC$% of Price per ShareC$% of Price per ShareC$% of Price per Share
Usd Eps0.00-15.4%0.00-15.4%-0.01-38.0%-0.01-20.3%-0.01-27.4%
Usd Book Value Change Per Share0.00-10.1%0.00-10.1%0.00-9.4%0.00-4.8%0.00-0.1%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share0.00-10.1%0.00-10.1%0.00-9.4%0.00-4.8%0.00-0.1%
Usd Price Per Share0.03-0.03-0.08-0.06-0.07-
Price to Earnings Ratio-6.39--6.39--6.78--3.20--6.26-
Price-to-Total Gains Ratio-9.72--9.72--27.30-9.60--1.57-
Price to Book Ratio-72.30--72.30-29.47-7.61-180.46-
Price-to-Total Gains Ratio-9.72--9.72--27.30-9.60--1.57-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.022089
Number of shares45271
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share0.000.00
Usd Total Gains Per Share0.000.00
Gains per Quarter (45271 shares)-137.21-65.09
Gains per Year (45271 shares)-548.85-260.35
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
10-549-5590-260-270
20-1098-11080-521-530
30-1647-16570-781-790
40-2195-22060-1041-1050
50-2744-27550-1302-1310
60-3293-33040-1562-1570
70-3842-38530-1822-1830
80-4391-44020-2083-2090
90-4940-49510-2343-2350
100-5489-55000-2603-2610

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share0.01.00.00.0%0.03.00.00.0%1.04.00.020.0%1.09.00.010.0%1.09.00.010.0%
Book Value Change Per Share0.01.00.00.0%1.02.00.033.3%2.03.00.040.0%4.06.00.040.0%4.06.00.040.0%
Dividend per Share0.00.01.00.0%0.00.03.00.0%0.00.05.00.0%0.00.010.00.0%0.00.010.00.0%
Total Gains per Share0.01.00.00.0%1.02.00.033.3%2.03.00.040.0%4.06.00.040.0%4.06.00.040.0%

Fundamentals of Canasil

About Canasil Resources Inc.

Canasil Resources Inc. engages in the exploration and development of mineral properties. The company explores for silver, gold, copper, zinc, and lead deposits. It holds 100% interests in the Salamandra zinc-silver project, the La Esperanza silver-gold-zinc-lead project, the Carina silver project, the Colibri silver-zinc-lead-copper project, the Vizcaino silver-gold project, and the Nora silver-gold-copper project located in Durango and Zacatecas States, Mexico. The company also has 100% interests in the Brenda gold-copper property, the Vega gold-copper property, the Granite gold property, and the LIL silver property situated in British Columbia, Canada. Canasil Resources Inc. was incorporated in 1984 and is headquartered in Vancouver, Canada.

Fundamental data was last updated by Penke on 2024-03-19 10:51:05.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
Using its assets, the company is very inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
Liquidity Details
 Compared to previous yearCompared to industry
The company is unable to pay all its short-term debts.
Solvency Details
 Compared to previous yearCompared to industry
The company is unable to pay all its debts by selling its assets.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is expensive.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of Canasil Resources Inc..

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Canasil earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Canasil to the Other Industrial Metals & Mining industry mean.
  • A Net Profit Margin of 0.0% means that $0.00 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Canasil Resources Inc.:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY-0.0%
TTM-5Y-0.0%
5Y-10Y-0.0%
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ--35.3%+35.3%
TTM--40.5%+40.5%
YOY--50.7%+50.7%
5Y--330.2%+330.2%
10Y--750.2%+750.2%
1.1.2. Return on Assets

Shows how efficient Canasil is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Canasil to the Other Industrial Metals & Mining industry mean.
  • -450.0% Return on Assets means that Canasil generated $-4.50 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Canasil Resources Inc.:

  • The MRQ is -450.0%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -450.0%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-450.0%TTM-450.0%0.0%
TTM-450.0%YOY-368.8%-81.3%
TTM-450.0%5Y-271.6%-178.4%
5Y-271.6%10Y-256.8%-14.8%
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ-450.0%-6.0%-444.0%
TTM-450.0%-6.8%-443.2%
YOY-368.8%-5.9%-362.9%
5Y-271.6%-9.2%-262.4%
10Y-256.8%-12.0%-244.8%
1.1.3. Return on Equity

Shows how efficient Canasil is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Canasil to the Other Industrial Metals & Mining industry mean.
  • 0.0% Return on Equity means Canasil generated $0.00 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Canasil Resources Inc.:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY-434.8%+434.8%
TTM-5Y-250.5%+250.5%
5Y-250.5%10Y-4,598.1%+4,347.6%
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ--6.9%+6.9%
TTM--7.5%+7.5%
YOY-434.8%-6.1%-428.7%
5Y-250.5%-9.8%-240.7%
10Y-4,598.1%-12.8%-4,585.3%

1.2. Operating Efficiency of Canasil Resources Inc..

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Canasil is operating .

  • Measures how much profit Canasil makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Canasil to the Other Industrial Metals & Mining industry mean.
  • An Operating Margin of 0.0% means the company generated $0.00  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Canasil Resources Inc.:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY-0.0%
TTM-5Y-0.0%
5Y-10Y-0.0%
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ--285.5%+285.5%
TTM--46.7%+46.7%
YOY--76.4%+76.4%
5Y--361.7%+361.7%
10Y--693.1%+693.1%
1.2.2. Operating Ratio

Measures how efficient Canasil is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Other Industrial Metals & Mining industry mean).
  • An Operation Ratio of 0.00 means that the operating costs are $0.00 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Canasil Resources Inc.:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.000
TTM-YOY-0.000
TTM-5Y-0.000
5Y-10Y-0.000
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ-1.951-1.951
TTM-1.923-1.923
YOY-2.082-2.082
5Y-4.850-4.850
10Y-8.674-8.674

1.3. Liquidity of Canasil Resources Inc..

1.3. Liquidity
1.3.1. Current Ratio

Measures if Canasil is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Other Industrial Metals & Mining industry mean).
  • A Current Ratio of 0.36 means the company has $0.36 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Canasil Resources Inc.:

  • The MRQ is 0.358. The company is unable to pay all its short-term debts. -2
  • The TTM is 0.358. The company is unable to pay all its short-term debts. -2
Trends
Current periodCompared to+/- 
MRQ0.358TTM0.3580.000
TTM0.358YOY5.380-5.022
TTM0.3585Y4.652-4.294
5Y4.65210Y6.881-2.229
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3582.375-2.017
TTM0.3582.609-2.251
YOY5.3803.429+1.951
5Y4.6524.136+0.516
10Y6.8814.566+2.315
1.3.2. Quick Ratio

Measures if Canasil is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Canasil to the Other Industrial Metals & Mining industry mean.
  • A Quick Ratio of 0.00 means the company can pay off $0.00 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Canasil Resources Inc.:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.000
TTM-YOY0.203-0.203
TTM-5Y0.426-0.426
5Y0.42610Y2.782-2.356
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ-0.893-0.893
TTM-0.856-0.856
YOY0.2031.119-0.916
5Y0.4261.324-0.898
10Y2.7821.428+1.354

1.4. Solvency of Canasil Resources Inc..

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Canasil assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Canasil to Other Industrial Metals & Mining industry mean.
  • A Debt to Asset Ratio of 1.40 means that Canasil assets are financed with 139.8% credit (debt) and the remaining percentage (100% - 139.8%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Canasil Resources Inc.:

  • The MRQ is 1.398. The company is unable to pay all its debts by selling its assets. -2
  • The TTM is 1.398. The company is unable to pay all its debts by selling its assets. -2
Trends
Current periodCompared to+/- 
MRQ1.398TTM1.3980.000
TTM1.398YOY0.152+1.246
TTM1.3985Y0.437+0.961
5Y0.43710Y0.441-0.003
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ1.3980.192+1.206
TTM1.3980.190+1.208
YOY0.1520.151+0.001
5Y0.4370.212+0.225
10Y0.4410.238+0.203
1.4.2. Debt to Equity Ratio

Measures if Canasil is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Canasil to the Other Industrial Metals & Mining industry mean.
  • A Debt to Equity ratio of 0.0% means that company has $0.00 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Canasil Resources Inc.:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.000
TTM-YOY0.179-0.179
TTM-5Y0.218-0.218
5Y0.21810Y21.394-21.175
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ-0.192-0.192
TTM-0.207-0.207
YOY0.1790.155+0.024
5Y0.2180.227-0.009
10Y21.3940.249+21.145

2. Market Valuation of Canasil Resources Inc.

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Canasil generates.

  • Above 15 is considered overpriced but always compare Canasil to the Other Industrial Metals & Mining industry mean.
  • A PE ratio of -6.39 means the investor is paying $-6.39 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Canasil Resources Inc.:

  • The EOD is -4.796. Based on the earnings, the company is expensive. -2
  • The MRQ is -6.395. Based on the earnings, the company is expensive. -2
  • The TTM is -6.395. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-4.796MRQ-6.395+1.599
MRQ-6.395TTM-6.3950.000
TTM-6.395YOY-6.778+0.383
TTM-6.3955Y-3.197-3.198
5Y-3.19710Y-6.258+3.061
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
EOD-4.796-3.740-1.056
MRQ-6.395-5.000-1.395
TTM-6.395-5.557-0.838
YOY-6.778-8.469+1.691
5Y-3.197-10.469+7.272
10Y-6.258-11.327+5.069
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Canasil Resources Inc.:

  • The EOD is -6.128. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -8.171. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -8.171. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-6.128MRQ-8.171+2.043
MRQ-8.171TTM-8.1710.000
TTM-8.171YOY-7.503-0.667
TTM-8.1715Y-7.855-0.316
5Y-7.85510Y-8.568+0.714
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
EOD-6.128-3.924-2.204
MRQ-8.171-5.463-2.708
TTM-8.171-6.302-1.869
YOY-7.503-8.457+0.954
5Y-7.855-12.796+4.941
10Y-8.568-13.886+5.318
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Canasil is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Other Industrial Metals & Mining industry mean).
  • A PB ratio of -72.30 means the investor is paying $-72.30 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Canasil Resources Inc.:

  • The EOD is -54.227. Based on the equity, the company is expensive. -2
  • The MRQ is -72.303. Based on the equity, the company is expensive. -2
  • The TTM is -72.303. Based on the equity, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-54.227MRQ-72.303+18.076
MRQ-72.303TTM-72.3030.000
TTM-72.303YOY29.468-101.771
TTM-72.3035Y7.614-79.917
5Y7.61410Y180.458-172.844
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
EOD-54.2271.161-55.388
MRQ-72.3031.511-73.814
TTM-72.3031.591-73.894
YOY29.4682.243+27.225
5Y7.6142.501+5.113
10Y180.4582.940+177.518
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Canasil Resources Inc. compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---0.004-0.0040%-0.004-7%-0.002-53%0.000-99%
Book Value Per Share---0.001-0.0010%0.004-116%0.004-115%0.006-110%
Current Ratio--0.3580.3580%5.380-93%4.652-92%6.881-95%
Debt To Asset Ratio--1.3981.3980%0.152+821%0.437+220%0.441+217%
Debt To Equity Ratio----0%0.179-100%0.218-100%21.394-100%
Dividend Per Share----0%-0%-0%-0%
Eps---0.006-0.0060%-0.015+148%-0.008+32%-0.011+78%
Free Cash Flow Per Share---0.005-0.0050%-0.014+186%-0.010+105%-0.012+137%
Free Cash Flow To Equity Per Share---0.003-0.0030%-0.003+21%-0.004+59%-0.002-19%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max---0.002--------
Intrinsic Value_10Y_min---0.024--------
Intrinsic Value_1Y_max---0.008--------
Intrinsic Value_1Y_min---0.009--------
Intrinsic Value_3Y_max---0.018--------
Intrinsic Value_3Y_min---0.021--------
Intrinsic Value_5Y_max---0.021--------
Intrinsic Value_5Y_min---0.027--------
Market Cap4314420.000-33%5752560.0005752560.0000%15100470.000-62%11361306.000-49%13230888.000-57%
Net Profit Margin----0%-0%-0%-0%
Operating Margin----0%-0%-0%-0%
Operating Ratio----0%-0%-0%-0%
Pb Ratio-54.227+25%-72.303-72.3030%29.468-345%7.614-1050%180.458-140%
Pe Ratio-4.796+25%-6.395-6.3950%-6.778+6%-3.197-50%-6.258-2%
Price Per Share0.030-33%0.0400.0400%0.105-62%0.079-49%0.092-57%
Price To Free Cash Flow Ratio-6.128+25%-8.171-8.1710%-7.503-8%-7.855-4%-8.568+5%
Price To Total Gains Ratio-7.288+25%-9.717-9.7170%-27.296+181%9.596-201%-1.572-84%
Quick Ratio----0%0.203-100%0.426-100%2.782-100%
Return On Assets---4.500-4.5000%-3.688-18%-2.716-40%-2.568-43%
Return On Equity----0%-4.3480%-2.5050%-45.9810%
Total Gains Per Share---0.004-0.0040%-0.004-7%-0.002-53%0.000-99%
Usd Book Value---58581.501-58581.5010%377308.836-116%379472.821-115%609603.681-110%
Usd Book Value Change Per Share---0.003-0.0030%-0.003-7%-0.001-53%0.000-99%
Usd Book Value Per Share--0.0000.0000%0.003-116%0.003-115%0.004-110%
Usd Dividend Per Share----0%-0%-0%-0%
Usd Eps---0.005-0.0050%-0.011+148%-0.006+32%-0.008+78%
Usd Free Cash Flow---518393.488-518393.4880%-1481828.048+186%-1064335.787+105%-1227002.644+137%
Usd Free Cash Flow Per Share---0.004-0.0040%-0.010+186%-0.007+105%-0.009+137%
Usd Free Cash Flow To Equity Per Share---0.002-0.0020%-0.002+21%-0.003+59%-0.002-19%
Usd Market Cap3176707.446-33%4235609.9284235609.9280%11118476.061-62%8365329.608-49%9741902.834-57%
Usd Price Per Share0.022-33%0.0290.0290%0.077-62%0.058-49%0.068-57%
Usd Profit---662337.192-662337.1920%-1640424.859+148%-876442.630+32%-1181514.250+78%
Usd Revenue----0%-0%-0%-0%
Usd Total Gains Per Share---0.003-0.0030%-0.003-7%-0.001-53%0.000-99%
 EOD+2 -6MRQTTM+0 -0YOY+13 -155Y+13 -1510Y+10 -18

3.2. Fundamental Score

Let's check the fundamental score of Canasil Resources Inc. based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-4.796
Price to Book Ratio (EOD)Between0-1-54.227
Net Profit Margin (MRQ)Greater than00.000
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.000
Current Ratio (MRQ)Greater than10.358
Debt to Asset Ratio (MRQ)Less than11.398
Debt to Equity Ratio (MRQ)Less than10.000
Return on Equity (MRQ)Greater than0.150.000
Return on Assets (MRQ)Greater than0.05-4.500
Total1/10 (10.0%)

3.3. Technical Score

Let's check the technical score of Canasil Resources Inc. based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5062.765
Ma 20Greater thanMa 500.030
Ma 50Greater thanMa 1000.030
Ma 100Greater thanMa 2000.028
OpenGreater thanClose0.030
Total3/5 (60.0%)



Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2018-12-312019-12-312020-12-312021-12-312022-12-31
Total Stockholder Equity 2056698741921,066-553512-592-80
Net Working Capital  117636753161914-512402-581-180
Net Invested Capital  2056698741921,066-553512-592-80



Latest Balance Sheet

Balance Sheet of 2022-12-31. Currency in CAD. All numbers in thousands.

Summary
Total Assets200
Total Liabilities279
Total Stockholder Equity-80
 As reported
Total Liabilities 279
Total Stockholder Equity+ -80
Total Assets = 200

Assets

Total Assets200
Total Current Assets100
Long-term Assets100
Total Current Assets
Cash And Cash Equivalents 54
Total Current Assets  (as reported)100
Total Current Assets  (calculated)54
+/- 46
Long-term Assets
Property Plant Equipment 53
Long-term Assets Other 47
Long-term Assets  (as reported)100
Long-term Assets  (calculated)100
+/-0

Liabilities & Shareholders' Equity

Total Current Liabilities279
Long-term Liabilities0
Total Stockholder Equity-80
Total Current Liabilities
Accounts payable 169
Total Current Liabilities  (as reported)279
Total Current Liabilities  (calculated)169
+/- 110
Long-term Liabilities
Long-term Liabilities  (as reported)0
Long-term Liabilities  (calculated)0
+/-0
Total Stockholder Equity
Total Stockholder Equity (as reported)-80
Total Stockholder Equity (calculated)0
+/- 80
Other
Capital Stock25,602
Common Stock Shares Outstanding 137,148
Net Invested Capital -80
Net Working Capital -180
Property Plant and Equipment Gross 186



Balance Sheet

Currency in CAD. All numbers in thousands.

 Trend2022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-31
> Total Assets 
451
672
823
4,058
1,434
332
1,022
1,196
604
200
2006041,1961,0223321,4344,058823672451
   > Total Current Assets 
363
589
744
3,983
1,350
244
867
1,044
494
100
1004941,0448672441,3503,983744589363
       Cash And Cash Equivalents 
120
125
203
2,265
202
118
818
926
451
54
544519268181182022,265203125120
       Short-term Investments 
0
0
371
1,659
1,061
56
0
0
0
0
0000561,0611,65937100
       Net Receivables 
224
459
162
47
75
57
36
94
19
0
0199436577547162459224
   > Long-term Assets 
0
0
0
75
84
88
155
152
111
100
100111152155888475000
       Property Plant Equipment 
61
55
51
47
44
41
108
105
64
53
5364105108414447515561
       Long Term Investments 
0
0
0
28
40
0
0
0
0
0
000004028000
       Long-term Assets Other 
0
0
0
75
84
47
47
47
47
47
47474747478475000
> Total Liabilities 
164
506
819
138
110
127
148
131
92
279
27992131148127110138819506164
   > Total Current Liabilities 
164
506
819
138
110
127
114
131
92
279
27992131114127110138819506164
       Short-term Debt 
45
185
519
0
0
0
0
0
0
0
000000051918545
       Short Long Term Debt 
45
185
519
0
0
0
0
0
0
0
000000051918545
       Accounts payable 
66
81
176
54
31
77
43
96
65
169
1696596437731541768166
       Other Current Liabilities 
0
0
0
0
0
0
0
0
27
0
02700000000
   > Long-term Liabilities 
0
0
0
0
0
0
34
0
0
0
00034000000
> Total Stockholder Equity
288
166
4
3,921
1,325
205
874
1,066
512
-80
-805121,0668742051,3253,9214166288
   Common Stock
17,160
17,419
17,589
21,438
21,438
21,838
21,838
23,798
25,321
0
025,32123,79821,83821,83821,43821,43817,58917,41917,160
   Retained Earnings -33,259-32,359-30,131-28,073-28,743-27,307-24,975-23,713-22,072-18,495
   Capital Surplus 0000000000
   Treasury Stock0000000000
   Other Stockholders Equity 
0
3,179
4,345
1,200
679
625
625
625
625
0
06256256256256791,2004,3453,1790



Balance Sheet

Currency in CAD. All numbers in thousands.




Cash Flow

Currency in CAD. All numbers in thousands.




Income Statement

Currency in CAD. All numbers in thousands.


Latest Income Statement (annual, 2022-12-31)

Gross Profit (+$)
totalRevenue0
Cost of Revenue-10
Gross Profit-10-10
 
Operating Income (+$)
Gross Profit-10
Operating Expense-924
Operating Income-924-933
 
Operating Expense (+$)
Research Development0
Selling General Administrative361
Selling And Marketing Expenses0
Operating Expense924361
 
Net Interest Income (+$)
Interest Income2
Interest Expense-0
Other Finance Cost-0
Net Interest Income2
 
Pretax Income (+$)
Operating Income-924
Net Interest Income2
Other Non-Operating Income Expenses0
Income Before Tax (EBT)-927-919
EBIT - interestExpense = 0
-900
-900
Interest Expense0
Earnings Before Interest and Taxes (EBIT)0-927
Earnings Before Interest and Taxes (EBITDA)-917
 
After tax Income (+$)
Income Before Tax-927
Tax Provision--27
Net Income From Continuing Ops-900-900
Net Income-900
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses0
Total Other Income/Expenses Net-4-2
 

Technical Analysis of Canasil
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Canasil. The general trend of Canasil is BULLISH with 28.6% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Canasil's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (28.6%) Bearish trend (-28.6%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Canasil Resources Inc..

The long score for the Support & Resistance is 1/1.
The longshort score for the Support & Resistance is 1/(-1 +1).

  • Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 0.03 < 0.03 < 0.03.

The bearish price targets are: 0.03 > 0.03 > 0.03.

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Canasil Resources Inc. Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Canasil Resources Inc.. The current mas is .

The long score for the Moving Averages is 9/14.
The longshort score for the Moving Averages is 4/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending down: The MA 50 is trending down. -1
  • Close < MA 50: The price is below the MA 50. -1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Canasil Resources Inc. Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Canasil Resources Inc.. The current macd is 0.000018.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Canasil price going down in the near term. -2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Canasil. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Canasil price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Canasil Resources Inc. Daily Moving Average Convergence/Divergence (MACD) ChartCanasil Resources Inc. Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Canasil Resources Inc.. The current adx is 16.52.

The long score for the Directional Movement Index (DMI) is 1/7.
The longshort score for the Directional Movement Index (DMI) is 1/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Canasil shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.
Canasil Resources Inc. Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Canasil Resources Inc.. The current sar is 0.03335899.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Canasil Resources Inc. Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Canasil Resources Inc.. The current rsi is 62.76. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 3/13.
The longshort score for the Relative Strength Index (RSI) is 3/(-13 +13).

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
Canasil Resources Inc. Daily Relative Strength Index (RSI) ChartCanasil Resources Inc. Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Canasil Resources Inc.. The current phase is Oversold in bull market.

The long score for the Stochastic Oscillator is 0/6.
The longshort score for the Stochastic Oscillator is -6/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH < 20: The STOCH %K is below 20 and oversold. -2
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Canasil price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Canasil Resources Inc. Daily Stochastic Oscillator ChartCanasil Resources Inc. Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Canasil Resources Inc.. The current cci is -66.66666667.

Canasil Resources Inc. Daily Commodity Channel Index (CCI) ChartCanasil Resources Inc. Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Canasil Resources Inc.. The current cmo is 26.82.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Canasil Resources Inc. Daily Chande Momentum Oscillator (CMO) ChartCanasil Resources Inc. Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Canasil Resources Inc.. The current willr is 0.

The long score for the Williams %R is 1/1.
The longshort score for the Williams %R is 1/(-1 +1).

  • WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1
Canasil Resources Inc. Daily Williams %R ChartCanasil Resources Inc. Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Canasil Resources Inc..

Canasil Resources Inc. Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Canasil Resources Inc.. The current atr is 0.00001.

Canasil Resources Inc. Daily Average True Range (ATR) ChartCanasil Resources Inc. Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Canasil Resources Inc.. The current obv is -862,400.

Canasil Resources Inc. Daily On-Balance Volume (OBV) ChartCanasil Resources Inc. Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Canasil Resources Inc.. The current mfi is 0.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -2/(-2 +2).

  • MFI < 50: -1
  • MFI < 20: -1
Canasil Resources Inc. Daily Money Flow Index (MFI) ChartCanasil Resources Inc. Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Canasil Resources Inc..

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-06MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-07SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
RSI LONG ENTRY SHORT CLOSE30 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-09MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-29DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-30RSI SHORT ENTRY LONG CLOSE70 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-15MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-12-19WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-01-10SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside

6.3. Candlestick Patterns

Canasil Resources Inc. Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Canasil Resources Inc. based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5062.765
Ma 20Greater thanMa 500.030
Ma 50Greater thanMa 1000.030
Ma 100Greater thanMa 2000.028
OpenGreater thanClose0.030
Total3/5 (60.0%)
Penke

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