Awalé Resources (ARIC) Stock Overview

Engages in the acquisition, exploration, and development of mineral properties in Côte d’Ivoire. More details

ARIC fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	0/6
Financial Health	5/6
Dividends	0/6

Risk Analysis

Earnings have declined by 6.1% per year over past 5 years

Makes less than USD$1m in revenue ($237K)

Has less than 1 year of cash runway

Does not have a meaningful market cap (CA$92M)

+ 1 more risk

ARIC Community Fair Values

Create Narrative

See what others think this stock is worth. Follow their fair value or set your own to get alerts.

View all narratives

Awalé Resources Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for Awalé Resources
Historical stock prices
Current Share Price	CA$0.76
52 Week High	CA$1.18
52 Week Low	CA$0.43
Beta	4.51
1 Month Change	-20.83%
3 Month Change	-20.83%
1 Year Change	68.89%
3 Year Change	533.33%
5 Year Change	5.56%
Change since IPO	-68.33%

Recent updates

Analysis Article • May 13

We Think Awalé Resources (CVE:ARIC) Needs To Drive Business Growth Carefully

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, biotech and mining...

Analysis Article • Jan 22

Is Awalé Resources (CVE:ARIC) In A Good Position To Invest In Growth?

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...

Analysis Article • Sep 19

Is Awalé Resources (CVE:ARIC) In A Good Position To Invest In Growth?

Just because a business does not make any money, does not mean that the stock will go down. For example, although...

Analysis Article • Jan 08

Will Awalé Resources (CVE:ARIC) Spend Its Cash Wisely?

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...

Analysis Article • Sep 13

Here's Why We're Watching Awalé Resources' (CVE:ARIC) Cash Burn Situation

We can readily understand why investors are attracted to unprofitable companies. By way of example, Awalé Resources...

Analysis Article • Jan 22

Have Insiders Been Buying Awalé Resources Limited (CVE:ARIC) Shares This Year?

It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be...

Shareholder Returns

	ARIC	CA Metals and Mining	CA Market
7D	-14.6%	2.2%	2.5%
1Y	68.9%	90.5%	33.9%

Return vs Industry: ARIC underperformed the Canadian Metals and Mining industry which returned 82.7% over the past year.

Return vs Market: ARIC exceeded the Canadian Market which returned 32.9% over the past year.

Price Volatility

Is ARIC's price volatile compared to industry and market?
ARIC volatility
ARIC Average Weekly Movement	13.1%
Metals and Mining Industry Average Movement	11.6%
Market Average Movement	10.2%
10% most volatile stocks in CA Market	17.7%
10% least volatile stocks in CA Market	3.9%

Stable Share Price: ARIC has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: ARIC's weekly volatility (13%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2015	n/a	Andrew Chubb	awaleresources.ca

Awalé Resources Limited engages in the acquisition, exploration, and development of mineral properties in Côte d’Ivoire. It primarily explores for gold, copper, and other precious metals. The company’s flagship project is the Odienné Project which covers approximately 2,346 square kilometers located in the northwest Denguèlé Region of Côte d’Ivoire.

Awalé Resources Limited Fundamentals Summary

How do Awalé Resources's earnings and revenue compare to its market cap?
ARIC fundamental statistics
Market cap	CA$91.93m
Earnings (TTM)	-CA$2.78m
Revenue (TTM)	CA$327.51k

263.4x

P/S Ratio

-31.1x

P/E Ratio

Is ARIC overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ARIC income statement (TTM)
Revenue	US$237.33k
Cost of Revenue	US$0
Gross Profit	US$237.33k
Other Expenses	US$2.25m
Earnings	-US$2.01m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)	-0.018
Gross Margin	100.00%
Net Profit Margin	-848.03%
Debt/Equity Ratio	0%

How did ARIC perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/05/25 05:02
End of Day Share Price	2026/05/25 00:00
Earnings	2025/12/31
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Awalé Resources Limited is covered by 1 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Justin Chan	SCP Resource Finance LP

Awalé Resources (ARIC) Stock Overview

Risk Analysis

Awalé Resources Limited Competitors

NextSource Materials

Scandium Canada

Homerun Resources

Nations Royalty

Price History & Performance

Recent News & Updates

Chair of the board exercised options to buy CA$475k worth of stock.

We Think Awalé Resources (CVE:ARIC) Needs To Drive Business Growth Carefully

New minor risk - Financial position

New minor risk - Share price stability

Awalé Resources Limited Reports Drill Results from Empire Target at Odienné Project

Awalé Resources Limited Reports Step-Down Drilling Results At Charger Target

Recent updates

Chair of the board exercised options to buy CA$475k worth of stock.

We Think Awalé Resources (CVE:ARIC) Needs To Drive Business Growth Carefully

New minor risk - Financial position

New minor risk - Share price stability

Awalé Resources Limited Reports Drill Results from Empire Target at Odienné Project

Awalé Resources Limited Reports Step-Down Drilling Results At Charger Target

Awale Resources Reports Assay Results from the First Six Holes of Its High-Grade Underground Drilling Program At the Bbm Gold-Copper Discovery Within the Odienne Project in Cote D'ivoire

Awalé Resources Limited Reports New Drilling Results from the First 12 Holes of its Resource and Expansion Drilling Program At the BBM Gold-Copper Discovery Within the Odienne Project in Cote d'Ivoire

Is Awalé Resources (CVE:ARIC) In A Good Position To Invest In Growth?

Awale Discovers Second High-Grade Gold Zone 200 Metres from the Charger Trend Highlights

Is Awalé Resources (CVE:ARIC) In A Good Position To Invest In Growth?

New major risk - Financial position

Awalé Resources Limited, Annual General Meeting, Sep 16, 2025

Awalé Resources Limited Extends Charger at Depth with Four High-Grade Hits, Including 16.4 g/t Gold over 52 Metres

New minor risk - Shareholder dilution

Awalé Resources Limited announced that it has received CAD 8.270676 million in funding from Fortuna Mining Corp.

Awale Resources Limited Reports Assay Results from 1,168m of Diamond Drilling in Six Holes At the High-Grade Empire Target, Odienne Project in Cote d'Ivoire

Awalé Resources Limited Announces High-Grade Assay Results from the First Nine Diamond Drill Holes Completed as Part of the Company's Drill Campaign At the Charger Zone At the Odienne Project in Cote D'ivoire

New major risk - Shareholder dilution

Will Awalé Resources (CVE:ARIC) Spend Its Cash Wisely?

Awalé Resources Limited Announces Results from the Final Two 525-Metre Deep Holes of A 6,808- Metres in 28 Holes Follow-Up Drilling Program At the Bbm Zone Within the Odienné Joint Venture in Côte D'ivoire

Here's Why We're Watching Awalé Resources' (CVE:ARIC) Cash Burn Situation

Awale Resources Limited Announces Partial Results of Follow-Up Drilling Program from the Bbm Zone At the Odienne Project in Cote d'Ivoire

New major risk - Financial position

Awalé Resources Limited, Annual General Meeting, Sep 10, 2024

Awalé Resources Limited announced that it has received CAD 10.0006 million in funding

Awalé Resources Limited announced that it expects to receive CAD 10.0006 million in funding

New minor risk - Insider selling

Independent Non-Executive Chairman exercised options and sold CA$140k worth of stock

CEO & Director exercised options to buy CA$248k worth of stock.

Awalé Resources Limited Announces A New Gold-Copper Discovery At the BBM Target Within the Odienné Project in Côte d'Ivoire

Awalé Resources Limited announced that it has received CAD 0.957531 million in funding from Newmont Ventures Limited

High number of new and inexperienced directors

New major risk - Financial position

Awalé Resources Limited Completes Nearly 5,000M Drill Program with Assays Pending

Awalé Resources Limited, Annual General Meeting, Sep 06, 2023

New major risk - Share price stability

Less than half of directors are independent

Awale Resources Limited Announces the Completion of A Detailed Airborne Magnetic and Radiometric Survey over Odienne East

Awal Resources Limited Intercepts Visible Gold, Extending Mineralization At the Charger Target, Odienn Copper-Gold Project, Cte D'ivoire

Awalé Resources Limited Recommences Drilling at the Odienné Copper Gold Project

Awalé Resources Limited announced that it has received CAD 2.357062 million in funding from Orecap Invest Corp.

Awalé Resources Limited announced that it expects to receive CAD 1.50009 million in funding

Awalé Resources Limited Provides the Update on the Recently-Completed Scout Drilling At the Sceptre East and Charger Targets

Awalé Resources Limited Announces Appointment of Robin Birchall as Independent Non-Executive Chair

Awalé Resources Limited Announces Ground Geophysics Surveys Reveal New Sulfide Targets At the Lando Prospect

Insufficient new directors

Awalé Resources Limited Defines Priority IOCG Targets at Sceptre East for Drill Testing

Awalé Resources Limited Delineates a Fourth New 3.5km long Soil Copper Anomaly at the BBM Prospect, Odienné Joint Venture, Côte d'Ivoire

Insufficient new directors

Awalé Resources Limited Commences IP Geophysics Surveys At the Sceptre and Charger Targets

Awalé Resources Limited (TSXV:ARIC) signed a letter of intent to acquire Consolidated Resources Suriname NV for 21,663,138 common shares.

Awalé Resources Limited, Annual General Meeting, Oct 14, 2022

Awalé Resources Limited Provides Update on Ongoing Exploration Activities at the Odienné Gold-Copper Project in Cote D'ivoire

Awalé Resources Limited Updates on Drill Targeting at the Odienné Gold-Copper Joint Venture, Côte d'Ivoire

Awalé Resources Limited announced that it has received CAD 0.6369 million in funding from Newmont Ventures Limited

Awalé Resources Limited announced that it expects to receive CAD 0.6369 million in funding

Insufficient new directors

Awalé Resources Advancing Large-Scale IOCG Copper-Gold Targets at the Sceptre Prospect, Odienné, Côte d'Ivoire

Awalé Resources Limited Announces New Alliance Prospect Delivers A Further 3Km of Strike to the Empire Gold Trend Odienné Project Cote d'Ivoire

Awalé Resources Limited Reports Further Results from Drilling At the Empire and Charger Prospects, Odienne Project, Cote D'ivoire

Awalé Resources Limited Reports Elevated Copper Values (Up to 0.76% Cu) Are Associated with the High-Grade Gold Mineralization Previously Reported from Reverse Circulation Drilling at the Charger Prospect, Odienné Project

Awalé Resources Limited Updates Report on Diamond Twin Drillhole on High Grade Mineralization Completed At Charger, Odienné Project - Cote D'ivoire

Awalé Resources Drilling Intersects Offset Extensions to the Empire Main deposit, Odienné Project, Côte d'Ivoire