Key takeaways Upside Gold is developing the Kena Gold Project, near the town of Nelson in the Kootenays region of southern British Columbia. Kena hosts a historical gold resource of 3.33 million ounces (561,000 ounces Indicated and 2.77 million ounces Inferred) across a 10,200-hectare land package.

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Max Resource Corp. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Max Resource
Historical stock prices
Current Share Price	CA$0.31
52 Week High	CA$0.60
52 Week Low	CA$0.14
Beta	2.11
1 Month Change	-13.89%
3 Month Change	-25.30%
1 Year Change	72.22%
3 Year Change	-40.38%
5 Year Change	-62.20%
Change since IPO	-99.50%

Recent updates

Analysis Article • May 03

Is Max Resource (CVE:MAX) In A Good Position To Deliver On Growth Plans?

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

Analysis Article • Jan 12

Will Max Resource (CVE:MAX) Spend Its Cash Wisely?

We can readily understand why investors are attracted to unprofitable companies. For example, although...

Analysis Article • Sep 14

We're Hopeful That Max Resource (CVE:MAX) Will Use Its Cash Wisely

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although Amazon.com...

Shareholder Returns

	MAX	CA Metals and Mining	CA Market
7D	17.0%	8.7%	1.0%
1Y	72.2%	94.1%	34.0%

Return vs Industry: MAX underperformed the Canadian Metals and Mining industry which returned 90.9% over the past year.

Return vs Market: MAX exceeded the Canadian Market which returned 34.5% over the past year.

Price Volatility

Is MAX's price volatile compared to industry and market?
MAX volatility
MAX Average Weekly Movement	12.5%
Metals and Mining Industry Average Movement	11.9%
Market Average Movement	10.3%
10% most volatile stocks in CA Market	17.8%
10% least volatile stocks in CA Market	4.0%

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

Volatility Over Time: MAX's weekly volatility has decreased from 22% to 13% over the past year.

About the Company

Founded	Employees	CEO	Website
1994	n/a	Brett Matich	www.maxresource.com

Max Resource Corp. engages in the acquisition and exploration of mineral properties in South America and Canada. It primarily explores for silver, copper, and iron deposits. The company holds 100% interest in the Cesar Copper-Silver project which consist of 20 mining concessions located in the northeastern Colombia; and Sierra Azul Copper-Silver project located in Colombia.

Max Resource Corp. Fundamentals Summary

How do Max Resource's earnings and revenue compare to its market cap?
MAX fundamental statistics
Market cap	CA$16.93m
Earnings (TTM)	-CA$3.10m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-5.6x

P/E Ratio

Is MAX overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MAX income statement (TTM)
Revenue	CA$0
Cost of Revenue	CA$22.11k
Gross Profit	-CA$22.10k
Other Expenses	CA$3.08m
Earnings	-CA$3.10m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)	-0.056
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0%

How did MAX perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/05/07 18:57
End of Day Share Price	2026/05/07 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

Max Resource Corp. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Max Resource (MAX) Stock Overview

Rewards

Risk Analysis

An Undervalued 3.3Moz Gold Project in Canada

Max Resource Corp. Competitors

ZincX Resources

Arbor Metals

American Atomics

Benton Resources

Price History & Performance

Recent News & Updates

New major risk - Financial position

Max Resource Corp. Announces Appointment of Scott Franko to Advisory Board as Technical Member

Max Resource Corp Conducts LiDAR Survey over the Entire Mora Gold Property

New minor risk - Shareholder dilution

Max Resource Corp. announced that it has received CAD 3.4 million in funding

Max Resource Corp. announced that it expects to receive CAD 3 million in funding

Recent updates

New major risk - Financial position

Max Resource Corp. Announces Appointment of Scott Franko to Advisory Board as Technical Member

Max Resource Corp Conducts LiDAR Survey over the Entire Mora Gold Property

New minor risk - Shareholder dilution

Max Resource Corp. announced that it has received CAD 3.4 million in funding

Max Resource Corp. announced that it expects to receive CAD 3 million in funding

President exercised options to buy CA$244k worth of stock.

New major risk - Share price stability

New major risk - Financial position

Max Resource Corp., Annual General Meeting, Feb 26, 2025

Max Resource Corp. Provides Update on its Florália Hematite Iron Ore Project, Mina Gerais State, Brazil

Max Resource Corp. Announces the 2024 Exploration Program for the Sierra Azul Copper-Silver Project

President exercised options to buy CA$162k worth of stock.

New major risk - Market cap size

Is Max Resource (CVE:MAX) In A Good Position To Deliver On Growth Plans?

New minor risk - Share price stability

New minor risk - Shareholder dilution

Max Resource Corp Reports High-Grade Assay Results from Continuous Rock Chip Channel Sampling Collected at the Recently Discovered Am-08 Target, Located in the Am District of Its Wholly-Owned Cesar Copper-Silver Project, in Northeastern Colombia

Max Resource Corp., Annual General Meeting, Dec 29, 2023

Max Resource Corp. Identifies 4 New Target Areas at Cesar Copper-Silver Project

Max Resource Corp. Discovers New Copper & Silver Target At Cesar

New minor risk - Share price stability

Max Resource Corp. Provides Assays and Analysis for Its Initial Drilling Program At the Cesar Project

Will Max Resource (CVE:MAX) Spend Its Cash Wisely?

Insufficient new directors

Max Resource Provides Update on Its Maiden Drill Program in the URU District, CESAR Copper-Silver Project in NE Colombia

Max Resource Corp. Announces Commencement of Drill Program at URU, CESAR Copper-Silver Project in NE Colombia

Max Resource Corp. Reports Geophysical Results, New Assays and Mobilization of the Diamond Drill Rig to URU, CESAR Copper-Silver Project in NE Colombia

We're Hopeful That Max Resource (CVE:MAX) Will Use Its Cash Wisely

Max Resource Corp., Annual General Meeting, Oct 11, 2022

Max Resource Reports Initial IP Drill Targets, Cesar Project in NE Colombia

President recently bought CA$71k worth of stock

Max Resource Extends the URU High-Grade Discovery 750 Metres to the East

Max Resource Corp. announced that it has received CAD 17.7 million in funding

Max Resource Corp. announced that it has received CAD 16.8 million in funding

Max Resource Corp. announced that it expects to receive CAD 16.8 million in funding

Max Resource Corp. Reports Preliminary Assay Results and the Discovery of A New High-Grade Drill Target at URU

Max Resource Corp. announced that it has received CAD 7.709 million in funding from Endeavour Silver Corp. and other investors

Max Resource Corp. announced that it expects to receive CAD 6.76 million in funding from Endeavour Silver Corp.

Max Resource Identifies New Drill Target Area At Uru, NE Colombia

Max Resource Reports 4.8% Copper and 51 G/T Silver over 25-Metres at the New SP Target, Cesar North, NE Colombia

Max Resource Corp. to Report New Assay Results

Max Resource Corp. Assays 4.3% Copper over Widths 10-Metres At the Newly Discovered Uru Zone, Cesar North, Colombia

Max Resource Corp. Significantly Expands the CONEJO Copper-Silver Zone at Cesar North, Colombia

Max Resource Corp. Reports A Fifth New Copper Zone At Cesar North, NE Colombia

Max Resource Corp. Reports New Copper Discovery at CESAR North, NE Colombia

New 90-day low: CA$0.28

New 90-day low: CA$0.28

Max Resource Discovers Copper Mineralization Extending to 400-Metres Depth from Surface From CESAR Copper-Silver Project, NE Colombia

Max Resource Corp. Reports Historic Drill Core Has Been Secured for the Rt Gold Project in Peru

Max Resource Corp. Reports the Discovery of New Zone at AM North of the company's 100% Owned Cesar Project, Located in Northeastern Colombia

Kupferschiefer Presentation At Colombia Gold Symposium Validates Similarities with Max Resource's Cesar Project

Max Resource Corp. (TSXV:MXR) acquired CESAR South copper-silver property in Colombia for $0.25 million.

New 90-day high: CA$0.40

Max Resource Corp. announced that it has received CAD 6.5 million in funding from 2176423 Ontario Ltd. and other investors

Max Resource Corp. Reports Assays of 3.3% Copper over 25-Metres and Another New Discovery at AM South, CESAR Project, NE Colombia

Max Resource Corp. Appoints Rahim Kassim Lakha as Strategic Corporate Advisor

Max Resource Corp. announced that it expects to receive CAD 3.4 million in funding

Max Resource Corp. announced that it has received CAD 1.05 million in funding

Max Resource Corp. announced that it expects to receive CAD 1.05 million in funding

Shareholder Returns

Price Volatility