WinstonWınston
Stock

Almadex Minerals

DEX.V
42
Gold · Basic Materials
Price
C$0.40
-0.01 (-3.66%)
Market Cap
C$24.2M
Exchange
Toronto Stock Exchange Ventures
Winston Score
42
Winston is serious
Mixed quality — meaningful strengths and weaknesses.
Data as of Sep 19, 2026 · filings through Jun 30, 2026

§How the score breaks down

Quality
Mixed
Growth
Exceptional
Cash Flow
Weak
Stability
Data not available
Valuation
Mixed

Share count falling — buybacks

15.9% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 73.8M (2021) → 62.1M (2025)

§Winston Score History

The full picture

Almadex Minerals is a Canadian junior mining company focused on exploring for gold and copper deposits. It searches for valuable mineral resources, mainly in Mexico and North America, with the goal of discovering deposits that could eventually become producing mines. The company also holds stakes in other mining ventures, giving it exposure to multiple exploration projects.

Almadex makes money primarily through advancing its mineral properties and generating value from exploration success or property sales. As a junior explorer, it does not yet earn significant revenue from mining operations and instead funds its work by raising capital from investors. The company is very small, with a market cap well under $100 million, and operates in a highly competitive and risky segment of the mining industry. Its future depends on whether its exploration efforts uncover economically viable deposits, and like most junior miners, it faces ongoing risks from commodity price swings and the need to continually raise funding.

Growth Profile

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

Revenue Growth

YoY Growth Rate

Revenue data limited

EPS Growth

+0.4% YoY

YoY Growth Rate

Slow EPS growth

R&D Spend

C$0/ year

0.0% of revenue

Below sector average (3%)

Research and development spending

Insider Activity

6.2%ownership

Insiders own a meaningful stake in the company

Cash Runway

~9 years

C$18M cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

C$18M cash & investments at current burn rate

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

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
38.5%
Modest — 38.5% gross margin
Profit after running costs
Operating Margin
21.3%
Excellent — 21.3% operating margin
Return on the money invested
ROCE
-5.4%
Weak — -5.4% return on capital

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

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Growth

Sales growth
Sales YoY
>+1,000%
Fast-growing sales (>+1,000% YoY)
Profit growth
EPS YoY
+49.6%
Earnings growing fast (+49.6% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is
EPS Consistency
6/8 quarters
Earnings grew in most of the last 8 quarters

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Cash Flow

Profit that turns into cash
Cash Conversion
-160%
Weak — only -160% of profit becomes cash
Spare cash per sale
FCF Margin
-62.1%
Burning cash (-62.1%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns
Debt / Equity
N/A
Data not available
Covers its interest
Interest Cover
N/A
Data not available

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Valuation

Price vs profit
P/E Ratio (TTM)
23.0x
Growth-priced — P/E 23.0

P/E above the market average. People are paying up for expected growth.

Cheaper or dearer next year
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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