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Home CompaniesTarga Exploration Corp.

Targa Exploration Corp.

Basic Materials Other Industrial Metals & Mining
PortfolioPortfolio WatchlistWatchlist
Company price
0.115 CAD 0.01 ( 9.52%)
Last update at 2026-11-09T16:35:00Z
VOLUME
5500
Market Cap
20.79M

Momentum Score

…

Targa Exploration Corp. engages in the acquisition, exploration, and development of mineral properties in Canada. The company explores for lithium, gold, and silver deposits. Its flagship property is the 100% owned Opinaca lithium project, which covers an area of approximately 85,267 hectares located in the James Bay region of northern Quebec. The company was formerly known as RCM Minerals Ltd. and changed its name to Targa Exploration Corp. in July 2021. Targa Exploration Corp. was incorporated in 2017 and is headquartered in Vancouver, Canada.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
0.10
Low
0.12
High
52 Week Price Range
0.01
Low
0.50
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

Public information on Targa Exploration Corp. (TEX.CN) is limited; the company is listed in Canada and appears to operate in the oil and gas exploration and production sector. Long-term growth may be driven by successful exploration results, exposure to commodity price recovery and securing capital for development, which could support reserve additions and higher cash flow.
Major investment risks include thin market liquidity, exposure to volatile oil and gas prices, exploration and operational uncertainty typical of upstream firms, and potential financing or regulatory constraints.

Risk Score
High

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
0.10
Dividend Yield
-
Revenue TTM
0.00M
Revenue Per Share
-
Gross Profit TTM
0.00M
Debt / Equity
-
ROE
-
Net Debt
-
ROCE
658.10%
Diluted EPS TTM
-0.05

Insight Announcement

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Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax -2.66M -9.87M -2.85M -0.24M
Net income -2.66M -9.87M -2.85M -0.24M
Selling general administrative 0.87M 1.89M 0.27M 0.02M
Operating income -3.12M -10.03M -2.85M -0.18M
Total revenue 0.00M 0.00M 0.00M 0.00M
Total operating expenses 3.12M 10.03M 2.85M 0.18M
Total other income expense net 0.46M 0.15M - -0.06M
Net income from continuing ops -2.66M -9.87M -2.85M -0.24M
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 0.13M 2.42M 0.65M 1.24M
Total liab 0.60M 1.38M 0.04M 0.01M
Total stockholder equity -0.47M 1.04M 0.61M 1.23M
Other current liab - 0.46M - -
Capital stock 13.48M 12.44M 3.66M 0.80M
Retained earnings -15.62M -12.96M -3.09M -0.24M
Cash 0.05M 2.22M 0.60M 1.24M
Total current liabilities 0.60M 1.38M 0.04M 0.01M
Total current assets 0.13M 2.42M 0.65M 1.24M
Non current assets total 0.00M 0.00M 0.00M 0.00M
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total cash from financing activities 0.67M 4.47M 0.02M 1.26M
Net income -2.66M -9.87M -2.85M -0.24M
Change in cash -2.17M 1.62M -0.64M 1.12M
Begin period cash flow 2.22M 0.60M 1.24M 0.12M
End period cash flow 0.05M 2.22M 0.60M 1.24M
Total cash from operating activities -2.84M -3.08M -0.65M -0.14M
Issuance of capital stock 0.67M 4.70M 0.00M 1.26M
Capital expenditures 0.00M 0.00M 0.00M 0.00M
Change in working capital -0.19M 0.73M -0.02M 0.01M
Stock based compensation 0.01M 1.07M 0.05M 0.00M
Other non cash items 0.01M 4.99M 2.18M 0.08M
Free cash flow -2.84M -3.08M -0.65M -0.14M

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 EBITDA (x)
TEX
Targa Exploration Corp.		 0.01
9.52%		 0.12 - - - 49.92 -9.10
CACR-A
KWG Resources Inc.		 0.03
7.89%		 0.41 - - - 9.82 88.66
RECE
Resource Centrix HoldingsInc.		 -
-%		 2.75 - - - 4605.05 -
ACM
Allied Critical Metals Inc.		 -0.01
0.99%		 1.00 - - - 14.87 -
MAXX
Max Power Mining Corp		 0.19
9.22%		 2.25 - - - 26.86 -1.73

Profile*

Targa Exploration Corp.

Targa Exploration Corp. engages in the acquisition, exploration, and development of mineral properties in Canada. The company explores for lithium, gold, and silver deposits. Its flagship property is the 100% owned Opinaca lithium project, which covers an area of approximately 85,267 hectares located in the James Bay region of northern Quebec. The company was formerly known as RCM Minerals Ltd. and changed its name to Targa Exploration Corp. in July 2021. Targa Exploration Corp. was incorporated in 2017 and is headquartered in Vancouver, Canada.

Bentall 3, Vancouver, BC, Canada, V7X 1J1

604 687 0544

https://targaexploration.com

Name Title Year Born
Mr. Cameron David Tymstra B.A.Sc. CEO, President & Director 1987
Mr. Dilshan Anthony Chief Financial Officer 1970
Mr. John Ward Vice President of Corporate Development NA
Mr. Andrew Rockandel Executive Director 1962
Mr. Lorne McLeod Warner P. Geo., P.Geo. Vice President of Exploration 1961
Ms. Jennifer Hanson Corporate Secretary NA
Mr. Alejandro Adams Chief Financial Officer 1976
Mr. Lorne McLeod Warner P.Geo. Vice President of Exploration 1961

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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