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Home CompaniesHayasa Metals Inc.

Hayasa Metals Inc.

Basic Materials Gold
PortfolioPortfolio WatchlistWatchlist
Company price
0.06 CAD 0.00(0%)
Last update at 2026-11-04T14:30:00Z
Market Cap
4.35M

Momentum Score

…

Hayasa Metals Inc., is an exploration stage company, engages in the acquisition, exploration, and evaluation of mineral properties in Armenia. It explores for gold and copper deposits. The company holds an interest in an exploration permit comprising 33.8 square kilometers in the Urasar mineral district in northern Armenia. It also has an option to acquire 100% of the Vardenis copper-gold project located in central Armenia. The company was formerly known as Fremont Gold Ltd. and changed its name to Hayasa Metals Inc. in November 2024. Hayasa Metals Inc. was incorporated in 2007 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
0.06
Low
0.06
High
52 Week Price Range
0.05
Low
0.20
High

Momentum Score

…
Loading momentum score…

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

Hayasa Metals Inc. is a Canada-listed (TSX Venture: HAY.V) exploration-stage company focused on mineral projects. Long-term growth may be driven by successful exploration results, discovery of economically recoverable deposits and higher underlying metal prices, which could support project development and partnerships. Investors may find it attractive for leveraged exposure to commodity upside and near-term exploration catalysts.

Principal risks include early-stage exploration uncertainty with no guaranteed discoveries, reliance on external financing that may dilute shareholders, sensitivity to commodity prices, and permitting or regulatory delays.

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
0.06
Dividend Yield
-
Revenue TTM
0.00M
Revenue Per Share
-
Gross Profit TTM
-0.01M
Debt / Equity
-
ROE
-56.57%
Net Debt
-
ROCE
-171.65%
Diluted EPS TTM
-

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Type yearly yearly yearly yearly
Date 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Income before tax -1.23M -3.94M -0.99M -0.73M
Net income -1.23M -3.94M -0.99M -0.73M
Selling general administrative 0.56M 0.46M 0.17M 0.26M
Gross profit -0.00M -0.00M -0.01M -0.01M
Reconciled depreciation 0.00M 0.00M 0.01M 0.01M
Operating income -2.58M -1.55M -0.60M -0.76M
Interest income 0.02M 0.01M 0.01M 0.00M
Net interest income 0.02M 0.01M 0.01M 0.00M
Total revenue 0.00M 0.00M 0.00M 0.00M
Total operating expenses 2.58M 1.55M 0.60M 0.76M
Cost of revenue 0.00M 0.00M 0.01M 0.01M
Total other income expense net 1.33M -2.40M -0.39M 0.02M
Net income from continuing ops -1.23M -3.94M -0.99M -0.73M
Breakdown 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Type yearly yearly yearly yearly
Date 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Total assets 1.91M 0.97M 3.29M 2.68M
Total liab 0.44M 0.76M 0.44M 0.36M
Total stockholder equity 1.47M 0.21M 2.86M 2.33M
Capital stock 21.21M 18.95M 17.79M 16.49M
Retained earnings -22.24M -21.01M -17.07M -16.08M
Cash 1.07M 0.30M 0.52M 0.14M
Total current liabilities 0.40M 0.75M 0.44M 0.36M
Total current assets 1.25M 0.67M 0.67M 0.20M
Short term investments 0.00M 0.03M 0.09M 0.00M
Net receivables 0.12M 0.25M 0.05M 0.05M
Accounts payable 0.10M 0.13M 0.07M 0.09M
Non currrent assets other 0.03M 0.01M 0.07M 0.07M
Non current assets total 0.66M 0.30M 2.62M 2.48M
Breakdown 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Type yearly yearly yearly yearly
Date 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Investments 0.03M 0.02M 0.00M 0.03M
Total cash from financing activities 1.96M 1.13M 1.18M 0.61M
Net income -1.23M -3.94M -0.99M -0.73M
Change in cash 0.78M -0.23M 0.38M -0.07M
Begin period cash flow 0.30M 0.52M 0.14M 0.21M
End period cash flow 1.07M 0.30M 0.52M 0.14M
Total cash from operating activities -0.91M -1.07M -0.50M -0.40M
Issuance of capital stock 1.96M 1.13M 1.18M 0.61M
Depreciation 0.00M 0.00M 0.01M 0.01M
Change to account receivables 0.21M 0.00M -0.00M 0.00M
Capital expenditures 0.32M 0.55M 0.39M 0.36M
Change in working capital 0.10M 0.34M 0.09M 0.21M
Stock based compensation 0.16M 0.13M 0.02M 0.13M
Other non cash items 0.04M - - -0.03M
Free cash flow -1.23M -1.62M -0.88M -0.76M

Peer Comparison*

Sector: Basic Materials Industry: Gold

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)
HAY
Hayasa Metals Inc.		 -
-%		 0.06 - - - 2.30 -2.68
OMG
Omai Gold Mines Corp		 -
-%		 1.69 - - - 62.63 -4.09
ASE
Asante Gold Corporation		 -0.01
0.76%		 0.66 - 6.57 2.23 269.42 49.52
THX
Thor Explorations Ltd.		 0.05
5.43%		 0.97 3.41 2.77 2.87 1.88 2.44
MKO
Mako Mining Corp		 -0.10
0.91%		 10.95 18.47 2.34 6.21 4.73 10.00

Profile*

Hayasa Metals Inc.

Hayasa Metals Inc., is an exploration stage company, engages in the acquisition, exploration, and evaluation of mineral properties in Armenia. It explores for gold and copper deposits. The company holds an interest in an exploration permit comprising 33.8 square kilometers in the Urasar mineral district in northern Armenia. It also has an option to acquire 100% of the Vardenis copper-gold project located in central Armenia. The company was formerly known as Fremont Gold Ltd. and changed its name to Hayasa Metals Inc. in November 2024. Hayasa Metals Inc. was incorporated in 2007 and is headquartered in Vancouver, Canada.

409 Granville Street, Vancouver, BC, Canada, V6C 1T2

https://hayasametals.com

Name Title Year Born
Mr. Dennis J. Moore M.Eng., P.Geo. Founder, Chairman & President 1955
Mr. Paul Taylor Hansed BBA, CPA, CA Corporate Secretary & CFO 1963
Mr. Joel Sutherland C.F.A., CPA CEO & Director NA
Ms. Kristina Mishina C.A., CPA CFO & Corporate Secretary 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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