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Home CompaniesMcChip Resources Inc

McChip Resources Inc

Energy Oil & Gas E&P
PortfolioPortfolio WatchlistWatchlist
Company price
0.59 CAD 0.00(0%)
Last update at 2026-11-03T14:30:00Z
Market Cap
14.60M
P/E
4.15

Momentum Score

…

McChip Resources Inc. engages in the natural resource industry in Canada. The company invests in petroleum interests, direct in interests, and indirect in minerals, such as marketable securities and investment in other companies. It also holds interests in the Saskatchewan Potash project located in the province of Saskatchewan. The company was formerly known as Madsen Red Lake Gold Mines Limited and changed its name to McChip Resources Inc. in May 1981. McChip Resources Inc. was incorporated in 1935 and is based in Toronto, 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
0.59
Low
0.59
High
52 Week Price Range
0.63
Low
2.92
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

McChip Resources Inc (MCS.V) is a TSX Venture–listed company that appears to focus on mineral exploration and resource-stage development, though public disclosures are limited. Long-term growth may be driven by successful exploration results, supportive commodity prices and the company's ability to secure project financing, which could support upside for investors seeking early-stage resource exposure.

Key risks include high geological and execution risk typical of explorers, limited financial and operational disclosure, dependence on volatile commodity markets and ongoing need for dilutive capital.

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
0.59
Dividend Yield
-
Revenue TTM
6.28M
Revenue Per Share
1.09
Gross Profit TTM
6.28M
Debt / Equity
-
ROE
29.38%
Net Debt
1.35M
ROCE
-15.45%
Diluted EPS TTM
0.59

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax 3.98M 3.03M 0.56M -0.37M 1.23M
Net income 3.72M 2.94M 0.56M -0.37M 1.23M
Selling general administrative 2.28M 0.85M 0.82M 0.71M 0.86M
Gross profit -0.03M 1.28M 0.45M 0.55M 0.68M
Reconciled depreciation 0.02M 0.03M 0.03M 0.01M 0.02M
Ebit - - - -0.44M 1.23M
Ebitda - - - -0.15M -0.16M
Operating income -2.31M 0.42M -0.36M -0.16M -0.18M
Interest expense - - - - 0.00M
Tax provision 0.26M 0.09M 0.00M 0.00M 0.00M
Total revenue -0.01M 1.30M 0.48M 0.56M 0.69M
Total operating expenses 2.30M 0.88M 0.84M 0.72M 0.87M
Cost of revenue 0.02M 0.03M 0.03M 0.01M 0.02M
Total other income expense net 6.29M 2.61M 0.93M -0.21M 1.41M
Net income from continuing ops 3.72M 2.94M 0.56M -0.37M 1.23M
Net income applicable to common shares - - - - 1.23M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 15.39M 12.83M 10.34M 9.80M 9.65M
Other current assets - - - - 0.07M
Total liab 0.77M 2.15M 2.10M 1.78M 1.02M
Total stockholder equity 14.62M 10.68M 8.25M 8.03M 8.63M
Common stock - - - - 5.28M
Capital stock 5.65M 5.28M 5.28M 5.28M 5.28M
Retained earnings 7.98M 4.27M 1.84M 1.62M 2.22M
Other assets - - - - 0.11M
Cash 5.15M 0.43M 0.47M 0.92M 0.52M
Total current liabilities 0.42M 2.07M 2.08M 1.73M 1.02M
Net debt - 1.35M 1.31M 0.58M 0.30M
Short long term debt - 1.78M 1.78M 1.49M 0.82M
Property plant equipment - - - - 0.00M
Total current assets 11.97M 11.76M 9.36M 8.79M 8.35M
Long term investments 3.43M 1.05M 0.94M 0.94M 0.79M
Net tangible assets - - - - 8.63M
Short term investments 6.54M 10.40M 8.37M 7.37M 7.26M
Net receivables 0.03M 0.93M 0.51M 0.50M 0.57M
Accounts payable - - 0.27M 0.21M 0.19M
Non current assets total 3.43M 1.07M 0.99M 1.02M 1.30M
Capital lease obligations 0.00M 0.02M 0.05M 0.07M 0.01M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments 7.59M 0.29M -0.21M -0.17M -0.09M
Change to liabilities - - - - -0.01M
Total cashflows from investing activities - - - - -0.09M
Net borrowings -1.80M -0.02M 0.26M - 0.20M
Total cash from financing activities -1.57M -0.54M -0.09M 0.42M -0.01M
Net income 3.72M 2.94M 0.56M -0.37M 1.23M
Change in cash 4.71M -0.04M -0.44M 0.39M 0.07M
Begin period cash flow 0.43M 0.47M 0.92M 0.52M 0.45M
End period cash flow 5.15M 0.43M 0.47M 0.92M 0.52M
Total cash from operating activities -1.31M 0.21M -0.15M 0.14M 0.16M
Depreciation 0.02M 0.03M 0.03M 0.01M 0.02M
Other cashflows from investing activities - - - - 0.00M
Dividends paid 0.00M -0.51M -0.34M 0.23M 0.23M
Change to account receivables 0.90M -0.42M -0.01M 0.05M -0.01M
Change to netincome - - - - -1.13M
Capital expenditures 0.00M 0.00M 0.00M 0.00M 0.04M
Change in working capital 0.81M -0.43M 0.05M 0.08M 0.04M
Stock based compensation - - - 0.00M 0.24M
Other non cash items 0.00M 0.00M 0.00M 0.00M -
Free cash flow -1.31M 0.21M -0.15M 0.14M 0.12M

Peer Comparison*

Sector: Energy Industry: Oil & Gas E&P

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)
MCS
McChip Resources Inc		 -
-%		 0.59 4.15 - 2.33 1.01 0.07 7.82
LGN
Logan Energy Corp		 0.01
1.01%		 1.50 15.00 14.99 3.80 1.96 3.98 5.87
RECO
Reconnaissance Energy Africa Ltd		 -0.02
3.85%		 0.50 - - 10.07 2.29 11.64 -7.57
CEI
Benchmark Metals Inc		 0.01
0.75%		 0.68 - 27.03 23.27 2.66 20.42 1369.65
EOG
Eco Atlantic Oil & Gas Ltd		 0.02
2.56%		 0.80 - 1.05 145.60 16.68 158.20 -25.23

Profile*

McChip Resources Inc

McChip Resources Inc. engages in the natural resource industry in Canada. The company invests in petroleum interests, direct in interests, and indirect in minerals, such as marketable securities and investment in other companies. It also holds interests in the Saskatchewan Potash project located in the province of Saskatchewan. The company was formerly known as Madsen Red Lake Gold Mines Limited and changed its name to McChip Resources Inc. in May 1981. McChip Resources Inc. was incorporated in 1935 and is based in Toronto, Canada.

130 Adelaide Street West, Toronto, ON, Canada, M5H 3P5

416 364 2173

Name Title Year Born
Mr. Richard Duncan McCloskey BSc, MBA CEO, Pres & Director 1951
Mr. Edward G. Dumond CFO, Corp. Sec. & Director NA
Mr. Richard Duncan McCloskey BSc, MBA CEO, President & Director 1951
Mr. Edward G. Dumond CFO, Corporate Secretary & Director 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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