Delta Resources (TSXV:DLTA) - Stock Price, News & Analysis

DLTA Stock Overview

Delta Resources Limited, an exploration company, engages in the acquisition, exploration, and development of gold and base metal projects in Canada.

About the company

DLTA fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	0/6
Financial Health	4/6
Dividends	0/6

Rewards

Risk Analysis

Makes less than USD$1m in revenue (CA$0)

Has less than 1 year of cash runway

Earnings have declined by 50.5% per year over past 5 years

Shareholders have been diluted in the past year

+ 1 more risk

Delta Resources Limited Competitors

Altiplano Metals

TSXV:APN

CA$13.7m

Almadex Minerals

TSXV:DEX

CA$13.4m

United Lithium

CNSX:ULTH

CA$16.9m

GT Resources

TSXV:GT

CA$14.4m

Price History & Performance

Summary of all time highs, changes and price drops for Delta Resources
Historical stock prices
Current Share Price	CA$0.14
52 Week High	CA$0.60
52 Week Low	CA$0.09
Beta	2.62
1 Month Change	-22.86%
3 Month Change	22.73%
1 Year Change	-77.50%
3 Year Change	-64.47%
5 Year Change	92.86%
Change since IPO	-99.49%

Recent updates

Shareholder Returns

	DLTA	CA Metals and Mining	CA Market
7D	0%	0.06%	0.7%
1Y	-77.5%	-4.6%	4.9%

Return vs Industry: DLTA underperformed the Canadian Metals and Mining industry which returned -6.2% over the past year.

Return vs Market: DLTA underperformed the Canadian Market which returned 5.5% over the past year.

Price Volatility

Is DLTA's price volatile compared to industry and market?
DLTA volatility
DLTA Average Weekly Movement	12.8%
Metals and Mining Industry Average Movement	11.3%
Market Average Movement	9.0%
10% most volatile stocks in CA Market	18.1%
10% least volatile stocks in CA Market	3.0%

Stable Share Price: DLTA's share price has been volatile over the past 3 months.

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

About the Company

Founded	Employees	CEO	Website
1946	n/a	Andre Tessier	deltaresources.ca

Delta Resources Limited, an exploration company, engages in the acquisition, exploration, and development of gold and base metal projects in Canada. The company holds 100% interest in the Delta-1/Eureka project, which consists of 279 contiguous unpatented mining claims covering approximately 5,201.7 hectares located in the Thunder Bay district of Ontario; and the Delta-2/ R-14 project comprising 332 contiguous mining claims covering an area of 17,712.12 hectares located in the Chibougamau Mining district of Quebec. It also holds an optioned agreement property comprises the Dollier property that consists of 40 claims covering an area of 2,228 hectares located in Chibougamau, Quebec.

Delta Resources Limited Fundamentals Summary

How do Delta Resources's earnings and revenue compare to its market cap?
DLTA fundamental statistics
Market cap	CA$13.78m
Earnings (TTM)	-CA$7.11m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-1.9x

P/E Ratio

Is DLTA overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
DLTA income statement (TTM)
Revenue	CA$0
Cost of Revenue	CA$0
Gross Profit	CA$0
Other Expenses	CA$7.11m
Earnings	-CA$7.11m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	-0.07
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0%

How did DLTA perform over the long term?

See historical performance and comparison

DLTA Stock Overview

Rewards

Risk Analysis

Delta Resources Limited Competitors

TSXV:APN

CA$13.7m

TSXV:DEX

CA$13.4m

CNSX:ULTH

CA$16.9m

TSXV:GT

CA$14.4m

Price History & Performance

Recent News & Updates

New major risk - Financial position

Delta Resources Limited (TSXV:DLTA) completed the acquisition of 21 Claims at Delta-2 Property in Chibougamau, Quebec.

Delta Resources Limited Starts 2024 Drilling Program At Delta-1 in Thunder Bay, Ontario

Delta Resources Limited Provides 2023 Year in Review At Its Delta-1 Thunder Bay, Ontario Gold Project

New major risk - Share price stability

Delta Resources Limited Further Increases its Gold Inventory at Delta-1 with Intercepts of 2.27 G/T over 10 Metres and 2.20 G/T over 9 Metres, in Thunder Bay, Ontario

Recent updates

New major risk - Financial position

Delta Resources Limited (TSXV:DLTA) completed the acquisition of 21 Claims at Delta-2 Property in Chibougamau, Quebec.

Delta Resources Limited Starts 2024 Drilling Program At Delta-1 in Thunder Bay, Ontario

Delta Resources Limited Provides 2023 Year in Review At Its Delta-1 Thunder Bay, Ontario Gold Project

New major risk - Share price stability

Delta Resources Limited Further Increases its Gold Inventory at Delta-1 with Intercepts of 2.27 G/T over 10 Metres and 2.20 G/T over 9 Metres, in Thunder Bay, Ontario

Delta Resources Limited Intersects 2.25 G/T Au over 27.8 Metres and Multiple New High-Grade Gold Zones At Depth, At Delta-1 in Thunder Bay, Ontario

New major risk - Market cap size

Delta Resources Limited Provides Initial Assay Results from Its Second Phase of Drilling At the Delta-1 Gold Project Located 50 Km West of Thunder Bay, Ontario

Less than half of directors are independent

Delta Resources Limited Appoints Justin Reid to Board of Directors

Delta Resources Limited Announces Start of a 20,000 Metre Drill Program and Mobilizes a Second Drill Rig at the Delta-1 Property, in Thunder Bay, Ontario

Delta Resources Limited, Annual General Meeting, Jun 27, 2023

Delta Resources Limited announced that it has received CAD 10.00017 million in funding

Delta Resources Limited Announces Final Assay Results from Drill Holes D1-22-24 and D1-22-25 At the Delta-1 Gold Project

Delta Resources Provides Exploration Update on the Delta-2 VMS Property in Chibougamau, Quebec and the Delta-1 Gold Property in Thunder Bay, Ontario

Delta Resources Limited announced that it has received CAD 0.45 million in funding from SIDEX L.L.P., Societe de Developpement de la Baie James and another investor

Delta Resources Limited Begins 2023 Drilling Program at Delta-1 in Thunder Bay, Ontario

Delta Resources Limited announced that it expects to receive CAD 2.5 million in funding

Delta Resources Limited Reports Visible Gold in Two Step-Out Drill Holes At Its Delta-1 Project in Thunder Bay, Ontario

Delta Resources Limited Announces Completion of A Follow-Up Drilling Program At the Eureka Gold Deposit

Delta Resources Limited Provides Results from Its 2022 Drilling Program At the Eureka Gold Deposit, 50 Kilometres West of Thunder Bay, Ontario

Newsfile Corp. Delta Resources Limited Resumes Drilling At the Delta-1 Gold Deposit in Thunder Bay, Ontario

Delta Resources Limited Updates its Shareholders on the Recently Completed Drill Campaign at the Delta-1 Property in Thunder Bay, Ontario

Delta Resources Limited Announces the Results from its 2022 Drilling Program at the Delta-2 VMS Property, Located 35 Kilometres Southeast of Chibougamau, Quebec

Delta Resources Begins Drilling in Thunder Bay, Ontario

Less than half of directors are independent

Delta Resources Limited, Annual General Meeting, Jun 30, 2022

Delta Resources Limited Confirms Gold-Bearing Structure over Two Kilometres and Provides Update on VMS Drilling

9412-1068 Quebec Inc. completed the acquisition of Gold Project in Quebec of Delta Resources Limited from from Delta Resources Limited (TSXV:DLTA).

Delta Resources Limited Return to the Field to Begin a Comprehensive Drilling Program At the Delta-2 VMS Property

Delta Resources Limited announced that it has received CAD 3.56445 million in funding

Delta Resources Limited announced that it has received CAD 3.363451 million in funding

Delta Resources Limited (TSXV:DLTA) acquired Additional Claims in Thunder Bay, Ontario and Contiguous to the Delta-1 Property for CAD 0.08 million.

Delta Resources Limited Announces Gravimetric Geophysical Survey at its Delta-2 VMS Property

Delta Resources Limited Announces Results from Till Sampling Survey at Delta-1 Property, 50 Kilometres West of Thunder Bay, Ontario

Delta Resources Limited Announces New Gold Discovery at Delta-2 Property in Chibougamau, Quebec

Delta Resources Limited announced that it has received CAD 0.3 million in funding from SIDEX, Societe de Developpement de la Baie James

Delta Resources Limited announced that it expects to receive CAD 0.3 million in funding

Delta Releases Drilling Plan to Test Its VMS Targets in Chibougamau, Quebec

Delta to Resume Drilling VMS Targets At Delta-2 Property in Chibougamau, Quebec. Provides Update of Phase I Drilling

Delta Resources Limited Sets to Drill VMS Targets in Chibougamau, Quebec

New 90-day high: CA$0.42

Delta Resources Limited Announces the Results from A Rock Channel Sampling Program Carried Out This Past Summer At Its Delta-2 Property in Chibougamau, Quebec

Delta Resources Limited announced that it has received CAD 1.558749 million in funding

Delta Resources Limited announced that it expects to receive CAD 1 million in funding