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Company price
0.06 CAD 0.00(0%)
Last update at 2026-11-02T14:49:00Z
VOLUME
2022
Market Cap
18.75M

Momentum Score

…

Euromax Resources Ltd. engages in the exploration and development of mineral right interests in Macedonia. It primarily explores for copper and gold deposits. The company's flagship project is the 100% owned Ilovica-Shtuka gold-copper project located in Macedonia. The company was formerly known as Omax Resources Ltd. and changed its name to Euromax Resources Ltd. in 2004. Euromax Resources Ltd. was incorporated in 1990 and is based in Skopje, the Republic of North Macedonia.

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Day Price Range
0.06
Low
0.06
High
52 Week Price Range
0.01
Low
0.06
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Euromax Resources Ltd. is a Vancouver-listed mineral exploration and development company focused on advancing a gold-copper-silver project in North Macedonia. Long-term growth drivers include progression toward production, exploration and resource expansion potential, and sensitivity to gold and copper prices, which could make the company appealing if the asset is successfully developed.

Material risks include project execution and financing needs, permitting and political/regulatory uncertainty in North Macedonia, commodity price volatility and potential shareholder dilution from additional capital raises.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
0.06
Dividend Yield
-
Revenue TTM
0.00M
Revenue Per Share
-
Gross Profit TTM
0.00M
Debt / Equity
-
ROE
-
Net Debt
31.08M
ROCE
54.67%
Diluted EPS TTM
-0.01

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-09-30 2024-09-30 2023-09-30 2022-09-30 2021-09-30
Type yearly yearly yearly yearly yearly
Date 2025-09-30 2024-09-30 2023-09-30 2022-09-30 2021-09-30
Income before tax -4.41M -7.33M -3.56M -7.92M -6.35M
Net income -4.41M -7.33M -3.56M -7.92M -6.35M
Selling general administrative 3.27M 1.31M 0.83M 3.16M 1.88M
Gross profit -0.05M -0.05M -0.04M -0.04M -0.08M
Reconciled depreciation 0.05M 0.05M 0.04M 0.04M 0.08M
Operating income -3.62M -1.63M -1.42M -3.30M -2.43M
Interest expense 3.73M 3.50M 3.25M 3.05M 2.76M
Tax provision 0.00M 0.00M 0.00M 0.00M 0.00M
Interest income - - - - 0.00M
Net interest income -3.73M -3.50M -3.25M -3.05M -2.76M
Total revenue 0.00M 0.00M 0.00M 0.00M 0.00M
Total operating expenses 3.62M 1.63M 1.42M 3.30M 2.43M
Cost of revenue 0.05M 0.05M 0.04M 0.04M 0.08M
Total other income expense net 2.94M -2.21M 1.11M -1.58M -1.16M
Net income from continuing ops -4.41M -7.33M -3.56M -7.92M -6.35M
Breakdown 2025-09-30 2024-09-30 2023-09-30 2022-09-30 2021-09-30
Type yearly yearly yearly yearly yearly
Date 2025-09-30 2024-09-30 2023-09-30 2022-09-30 2021-09-30
Total assets 44.05M 40.41M 39.02M 37.86M 38.16M
Other current assets 0.05M 0.05M 0.04M 0.09M 0.06M
Total liab 50.77M 48.05M 44.27M 46.80M 40.21M
Total stockholder equity -6.72M -7.63M -5.26M -8.93M -2.04M
Capital stock 86.79M 84.44M 82.12M 78.90M 78.80M
Retained earnings -118.53M -115.55M -110.39M -108.07M -101.36M
Cash 1.68M 1.00M 0.62M 0.02M 0.34M
Total current liabilities 50.67M 47.96M 44.19M 46.71M 40.12M
Net debt 31.08M 29.78M 27.05M 27.79M 23.28M
Short long term debt 32.75M 30.79M 27.67M 27.81M 23.62M
Total current assets 1.79M 1.11M 0.71M 0.18M 0.46M
Accounts payable 0.66M 0.26M 0.27M 0.86M 0.43M
Non current assets total 42.26M 39.30M 38.30M 37.68M 37.70M
Capital lease obligations 0.16M 0.15M 0.14M 0.14M 0.14M
Breakdown 2025-09-30 2024-09-30 2023-09-30 2022-09-30 2021-09-30
Type yearly yearly yearly yearly yearly
Date 2025-09-30 2024-09-30 2023-09-30 2022-09-30 2021-09-30
Investments - - -0.09M -0.08M 0.01M
Net borrowings 1.72M -0.05M - - -
Total cash from financing activities 3.03M 2.56M 3.65M 1.36M 0.89M
Net income -4.41M -7.33M -3.56M -7.92M -6.35M
Change in cash 0.73M 0.41M 0.61M -0.30M -2.25M
Begin period cash flow 1.00M 0.62M 0.02M 0.34M 2.79M
End period cash flow 1.68M 1.00M 0.62M 0.02M 0.34M
Total cash from operating activities -2.18M -2.06M -2.96M -1.58M -3.15M
Issuance of capital stock 1.59M 3.07M 4.01M 0.00M 1.20M
Depreciation 0.05M 0.05M 0.04M 0.04M 0.08M
Dividends paid 0.00M 0.00M 0.00M 0.00M 0.00M
Capital expenditures 0.12M 0.09M 0.09M 0.08M 0.00M
Change in working capital 0.24M -0.04M -0.42M 0.37M -0.01M
Stock based compensation 1.21M -0.62M -1.25M 1.14M -0.84M
Other non cash items 3.73M 3.60M 3.21M 3.21M 2.83M
Free cash flow -2.30M -2.15M -3.04M -1.66M -3.15M

Peer Comparison*

Sector: Basic Materials Industry: Other Industrial Metals & Mining

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
EOX
Euromax Resources Ltd.
-
-%
0.06 - - 7.23 17.15 10.15 -13.02
SGML
Sigma Lithium Resources Corp
-2.45
25.79%
7.05 - 23.09 29.72 42.12 23.03 32.66
AFM
Alphamin Res
0.01
0.80%
1.26 8.44 9.43 2.78 3.33 2.13 3.85
SLI
Standard Lithium Ltd
-0.06
2.96%
1.97 - - 79.52 2.40 83.96 5.29
FWZ
Fireweed Zinc Ltd
-0.01
0.44%
2.28 - 1250.00 - 26.07 - -7.01

Profile*

Euromax Resources Ltd.

Euromax Resources Ltd. engages in the exploration and development of mineral right interests in Macedonia. It primarily explores for copper and gold deposits. The company's flagship project is the 100% owned Ilovica-Shtuka gold-copper project located in Macedonia. The company was formerly known as Omax Resources Ltd. and changed its name to Euromax Resources Ltd. in 2004. Euromax Resources Ltd. was incorporated in 1990 and is based in Skopje, the Republic of North Macedonia.

Blvd. Partizanski odredi No. 42, 4, Skopje, Macedonia, 1000

389 23 220998

Name Title Year Born
Mr. Timothy Morgan-Wynne Executive Chairman & CEO NA
Mr. Nikola Gulev Chief Financial Officer NA
Mr. Ali Vezvaei President & Non-Executive Director 1982
Ms. Martina Kostovska Communications Manager NA
Mr. Timothy Morgan-Wynne Chief Executive Officer NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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