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Awale Resources Ltd (ARIC) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Awale Resources Ltd stock C$0.09, price C$0.72, that is 88.2% below the price, quality 35 out of 100. Rating: strongly overvalued. Calculated from audited financials with one of our 26 valuation models and 37 quality factors, updated daily.

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Basic Materials CA · ISIN CA05455R2081

AR Awale Resources Ltd logo Thin data Nov 2, 2026

Awale Resources Ltd

ARIC · V
Very expensive, weak quality

Our calculation puts a fair price 88% below what the stock costs today.

Low debt
Fair value C$0.0850 · Strongly overvalued (−88.2%)
Quality 35/100
Negative free cash flow
Trails peers (1/7)
Narrow moat 5/100 · thin data
Thin data
⟳ Cyclical⚠ Dilution
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

C$20.00 C$0.1000 Fair Value C$0.0850 Jul 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 2, 2026.

How to read this chart

60‑month range C$0.1000 – C$20.00 · fair‑value band C$0.0595 – C$0.1105 · the C$0.7200 price screens above the C$0.0850 fair value. As of Nov 2, 2026.

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Company profile

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.

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The company's flagship project is the Odienné Project which covers approximately 2,346 square kilometers located in Denguèlé Region of Côte d'Ivoire. The company was formerly known as Spada Gold Ltd. and changed its name to Awalé Resources Limited in December 2017.

Awalé Resources Limited was incorporated in 2015 and is headquartered in Toronto, Canada.

Stock analysis

Awale Resources Ltd (ARIC) currently trades at C$0.7200, while our model-based Fair Value estimate is C$0.0850, 88% below the price, so the stock looks overvalued today.

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 94/100, which puts the data coverage at low.

Scenario range: C$0.0595 (bear) to C$0.1105 (bull), the price of C$0.7200 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 35/100 (below-average quality), in the Basic Materials sector.

Awale Resources Ltd reported revenue of $0 in FY2025 versus $0 in FY2021. Reported net income was −$2.0M in FY2025.

Key figures

Market cap C$99.0M (≈ $70.1M) Micro · EPS (TTM) C$−0.0300 · Return on equity −14.3% · Return on assets (EBIT) 11.8% (5-year average) · Operating margin −1,006% · Revenue (TTM) C$5.2K · Revenue growth (YoY) −0.9% · Free cash flow −C$1.9M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 5 out of 100 (low confidence).

What moves the price

The share trades about 37% below its 52-week high and 33% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Basic Materials peers we cover trades at −10% fair-value upside, at −88%, ARIC screens richer than that median.

Fair Value models

Bear C$0.0595 Fair Value C$0.0850 Bull C$0.1105
Price C$0.7200 · Downside -88.2%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
NCAV (Graham) C$0.0700 C$0.1000 C$0.1300 54
All 1 models by family
Asset-Based
NCAV (Graham) C$0.0700 C$0.1000 C$0.1300 54

The fair value above starts from this blend and is adjusted for dilution from new shares.

Open the full fair value analysis →

Quality Score breakdown

Overall quality 35/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 0
How much profit the company makes from its sales and capital
Quality Growth 75
Are margins and returns getting better?
Cashflow 18
Do the profits arrive as real cash?
Financial strength 100
Debt, balance sheet and risk of trouble
Investment 0
Does it invest with discipline instead of growing at any price?
Low Volatility 0
How calm the share price moves, does not count
Price momentum 39
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 46
Distance to the 52-week high, does not count
New shares 0
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

ARIC screens overvalued: fair value 88% below the price. Compare with Newmont Corporation →

Compare Awale Resources Ltd with another stock

Price, fair value, quality and upside side by side.

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Gold · 202 stocks

Beats the industry median on 1/6 measures
Overall it trails its industry peers.
Valuation
Quality Score 35 · Below median
Fair Value upside −88.2% · Bottom 25%
Profitability
Return on assets −9.4% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) −0.9% · Bottom 25%
Balance sheet
Debt / equity 0.00× · Below median

Valuation Multiplesvs Gold median · lower = cheaper

P/B 5.56× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)0 · sector 100
PAST (return on equity)0 · sector 40
HEALTH (low debt)100 · sector 98
DIVIDEND (yield)0 · sector 24

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Gold stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Agnico Eagle Mines Limited AEM $191.57 $220.07 +15% vs ARIC
Newmont Corporation NEM $120.91 $133.00 +10% vs ARIC
AngloGold Ashanti plc AU $92.99 $88.60 −5% vs ARIC
Royal Gold, Inc RGLD $265.81 $248.53 −7% vs ARIC
Shandong Gold Mining Co 600547 ¥26.20 ¥23.61 −10% vs ARIC
Franco-Nevada Corporation FNV $254.95 $212.28 −17% vs ARIC
Kinross Gold Corporation KGC $22.24 $18.00 −19% vs ARIC
Northern Star Resources Limited NST A$25.65 A$16.87 −34% vs ARIC
Wheaton Precious Metals Corp WPM $136.31 $87.64 −36% vs ARIC
Zijin Mining Group 601899 ¥28.28 ¥15.62 −45% vs ARIC

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Awale Resources Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Awale Resources Ltd Fair Value". https://www.fairvalue-calculator.com/stock/ARIC

Frequently asked questions

Is Awale Resources Ltd (ARIC) overvalued or undervalued?
As of Nov 2, 2026, our model estimates a fair value of C$0.0850 versus a price of C$0.7200, about 88% lower (overvalued).
What is the fair value of ARIC?
Our model-based fair value for Awale Resources Ltd is C$0.0850 (as of Nov 2, 2026), built from audited fundamentals. The current price: C$0.7200.
What is the quality score of ARIC?
Awale Resources Ltd has a Quality Score of 35/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Awale Resources Ltd (ARIC)?
Our model-based price target is the fair value of C$0.0850 (as of Nov 2, 2026) from 1 valuation models. Cautious scenario C$0.0595, optimistic scenario C$0.1105. It is a calculation from audited fundamentals, not an analyst target.
What is the Awale Resources Ltd stock forecast for 2026?
Our models put fair value at C$0.0850, about 88% lower versus a price of C$0.7200 (overvalued). Cautious scenario C$0.0595, optimistic scenario C$0.1105. The calculation is refreshed regularly with new filings.
What is the revenue of Awale Resources Ltd (ARIC)?
Awale Resources Ltd reported trailing-twelve-month revenue of about C$5.2K (latest available figure, as of Nov 2, 2026).
What is the intrinsic value of Awale Resources Ltd (ARIC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Awale Resources Ltd it is C$0.0850 per share (as of Nov 2, 2026), against a price of C$0.7200. It is the blended result of 1 valuation models in 1 family (Asset-Based).
Is Awale Resources Ltd stock overvalued or undervalued in 2026?
As of Nov 2, 2026, ARIC trades above its calculated fair value: price C$0.7200, fair value C$0.0850, a gap of about −88% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ARIC?
No. The price is what the market pays today (C$0.7200); the fair value is what the company's own numbers justify (C$0.0850). For Awale Resources Ltd the two are C$0.6350 per share apart. That gap is exactly why we show both numbers side by side.
How much is Awale Resources Ltd worth?
The market values Awale Resources Ltd at about C$99.0M (market capitalisation, as of Nov 2, 2026). Per share that is C$0.7200; our models calculate a fair value of C$0.0850 per share.
What do the bullish and bearish scenarios say about ARIC?
Our models span a range for Awale Resources Ltd: cautious scenario C$0.0595, base C$0.0850, optimistic C$0.1105 per share (as of Nov 2, 2026, price C$0.7200). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Awale Resources Ltd (ARIC)?
Balance-sheet figures for Awale Resources Ltd (as of Nov 2, 2026): return on equity −14.3%, debt of 0.00 per unit of equity. They feed the Quality Score of 35/100, which measures business quality independently of the share price.
How far is ARIC from its 52-week high?
Awale Resources Ltd trades at C$0.7200, about 37% below its 52-week high of C$1.15 and 33% above the low of C$0.5400 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of C$0.0850 is for.
Which stocks are comparable to Awale Resources Ltd?
From the same area (Basic Materials) we also value Newmont Corporation, Zijin Mining Group, Agnico Eagle Mines Limited, Wheaton Precious Metals Corp, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Awale Resources Ltd stock attractive at the current price?
The data as of Nov 2, 2026: price C$0.7200, calculated fair value C$0.0850 (−88%), Quality Score 35/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ARIC calculated?
We run Awale Resources Ltd through 1 models from 1 family: Asset-Based. Every model gets the same audited fundamentals; the fair value of C$0.0850 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Awale Resources Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Awale Resources Ltd (ARIC)?
The closing price on Nov 6, 2026 was C$0.7200. Our model-based fair value is C$0.0850, about 88% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Awale Resources Ltd right now?
The price sits above even our optimistic bull case (C$0.1105). The favourable scenario is already priced in. Weak quality (35/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (C$0.0595 to C$0.1105) leaves room in how you read the outcome.

Key figures of Awale Resources Ltd

How large is the market capitalisation of Awale Resources Ltd (ARIC)?
The market capitalisation of Awale Resources Ltd is C$99.0M (≈ $70.1M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What are the earnings per share of Awale Resources Ltd (ARIC)?
Earnings per share at Awale Resources Ltd are C$−0.0300. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Awale Resources Ltd (ARIC)?
The return on equity (ROE) of Awale Resources Ltd is −14.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Awale Resources Ltd (ARIC)?
On an EBIT basis the return on assets of Awale Resources Ltd is 11.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Awale Resources Ltd (ARIC)?
The operating margin of Awale Resources Ltd is −1,006% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Awale Resources Ltd (ARIC)?
Revenue at Awale Resources Ltd is growing −0.9% versus a year earlier. How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Awale Resources Ltd (ARIC) generate?
The free cash flow of Awale Resources Ltd is −C$1.9M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Awale Resources Ltd (ARIC) hold?
Awale Resources Ltd holds more cash than debt, C$226K net (fiscal year 2022). The company holds more cash than debt, a safety cushion.
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