East Africa Metals

EAM.V

Industrial Materials · Basic Materials

Price

C$0.07

+0.00 (+0.00%)

Market Cap

C$20.2M

Exchange

Toronto Stock Exchange Ventures

Winston Score

–

No score yet — Winston is napping.

We couldn’t gather enough financial data to score this stock reliably.

Share count rising — dilution

+48.0% over 5y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 181.2M (2020) → 268.3M (2025)

East Africa Metals Inc. is a Canadian mineral exploration and development company focused on finding and developing metal deposits in East Africa. Its main projects involve gold, copper, and zinc resources located in Ethiopia. The company targets mining companies and investors as potential partners or acquirers for its mineral properties.

East Africa Metals makes money primarily by advancing exploration projects with the goal of eventually selling, joint-venturing, or developing them into producing mines. It is a small-cap company listed on the TSX Venture Exchange, with operations concentrated in Ethiopia. The company has no production revenue yet, which explains its zero gross margin and deeply negative returns on capital. The biggest risk it faces is a combination of political and operational uncertainty in Ethiopia, where instability has historically disrupted mining activity, alongside the ongoing need to raise capital to fund exploration before any revenue can be generated.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

Revenue data limited

EPS Growth

<−1,000% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

Research and development spending

Insider Activity

36.1%ownership

Insiders own a meaningful stake in the company

Cash Runway

~19 months

$2M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Adequate runway but may need to raise capital within 2 years

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

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Quality

Gross Margin

N/A

—

Data not available

Operating Margin

N/A

—

Data not available

ROCE

-39.5%

Weak — -39.5% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY

N/A

—

Data not available

EPS YoY

N/A

—

Data not available

EPS Consistency

4/8 quarters

Earnings inconsistent quarter-to-quarter

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Cash Flow

Cash Conversion

N/A

—

Data not available

FCF Margin

N/A

—

Data not available

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Stability

Debt / Equity

N/A

Data not available

Interest Cover

N/A

Data not available

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Valuation

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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