Black Spruce Exploration Inc. (BARK) fair value: what the stock is really worth
We calculate from audited financials what Black Spruce Exploration Inc. is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 12, 2026.
How to read this chart
60‑month range C$0.0150 – C$2.28 · fair‑value band C$0.0819 – C$0.1420 · the C$0.0350 price screens below the C$0.1019 fair value. Dashed = 300-day average. As of Sep 12, 2026.
Black Spruce Exploration Inc. engages in the exploration and evaluation of resource properties in North America. The company primarily explores for lithium deposits. The company was formerly known as Lithium One Metals Inc. and changed its name Black Spruce Exploration Inc. in December 2025. Black Spruce Exploration Inc.
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Black Spruce Exploration Inc. engages in the exploration and evaluation of resource properties in North America. The company primarily explores for lithium deposits. The company was formerly known as Lithium One Metals Inc. and changed its name Black Spruce Exploration Inc. in December 2025. Black Spruce Exploration Inc. was incorporated in 2006 and is headquartered in Vancouver, Canada.
Stock analysis
Black Spruce Exploration Inc. (BARK) currently trades at C$0.0350, while our model-based Fair Value estimate is C$0.1019, implying the stock looks roughly 65.7% undervalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 87/100, which puts the evidence level at low.
Scenario range: C$0.0819 (bear) to C$0.1420 (bull), the price of C$0.0350 sits below 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 25/100 (below-average quality), in the Basic Materials sector.
Black Spruce Exploration Inc. reported revenue of C$0 in FY2024 versus C$0 in FY2022. Reported net income was −C$3.8M in FY2024.
Key figures
Market cap C$1.2M (≈ $896K) · EPS (TTM) C$−0.4500 · Return on equity −416% · Return on assets (EBIT) −22.2% · Free cash flow −C$3.4M.
What moves the price
The share trades about 53% below its 52-week high and 133% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −41% fair-value upside, at 191%, BARK screens cheaper than that median.
Fair Value models
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.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.Evidence ⓘEvidence = 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.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
This stockSector peers
VALUE100· sector 0
FUTURE0· sector 28
PAST0· sector 0
HEALTH0· sector 96
DIVIDEND0· sector 36
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 Other Industrial Metals & Mining stocks, each showing price versus our Fair Value estimate (as of Sep 12, 2026).
Is Black Spruce Exploration Inc. (BARK) overvalued or undervalued?
As of Sep 12, 2026, our model estimates a fair value of C$0.1019 versus a price of C$0.0350, about +191% upside (undervalued).
What is the fair value of BARK?
Our model-based fair value for Black Spruce Exploration Inc. is C$0.1019 (as of Sep 12, 2026), built from audited fundamentals. The current price: C$0.0350.
What is the quality score of BARK?
Black Spruce Exploration Inc. has a Quality Score of 25/100. 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 Black Spruce Exploration Inc. (BARK)?
Our model-based price target is the fair value of C$0.1019 (as of Sep 12, 2026) from 1 valuation models. Cautious scenario C$0.0819, optimistic scenario C$0.1420. It is a calculation from audited fundamentals, not an analyst target.
What is the Black Spruce Exploration Inc. stock forecast for 2026?
Our models put fair value at C$0.1019, about +191% upside versus a price of C$0.0350 (undervalued). Cautious scenario C$0.0819, optimistic scenario C$0.1420. The calculation is refreshed regularly with new filings.
What is the net profit margin of BARK?
The net profit margin of Black Spruce Exploration Inc. is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.
What is the intrinsic value of Black Spruce Exploration Inc. (BARK)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Black Spruce Exploration Inc. it is C$0.1019 per share (as of Sep 12, 2026), against a price of C$0.0350. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Black Spruce Exploration Inc. stock overvalued or undervalued in 2026?
As of Sep 12, 2026, BARK trades below its calculated fair value: price C$0.0350, fair value C$0.1019, a gap of about +191% (undervalued). 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 BARK?
No. The price is what the market pays today (C$0.0350); the fair value is what the company's own numbers justify (C$0.1019). For Black Spruce Exploration Inc. the two are C$0.0669 per share apart. That gap is exactly why we show both numbers side by side.
How much is Black Spruce Exploration Inc. worth?
The market values Black Spruce Exploration Inc. at about C$1.2M (market capitalisation, as of Sep 12, 2026). Per share that is C$0.0350; our models calculate a fair value of C$0.1019 per share.
What do the bullish and bearish scenarios say about BARK?
Our models span a range for Black Spruce Exploration Inc.: cautious scenario C$0.0819, base C$0.1019, optimistic C$0.1420 per share (as of Sep 12, 2026, price C$0.0350). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Black Spruce Exploration Inc. (BARK)?
Balance-sheet figures for Black Spruce Exploration Inc. (as of Sep 12, 2026): return on equity −415.6%. They feed the Quality Score of 25/100, which measures business quality independently of the share price.
How far is BARK from its 52-week high?
Black Spruce Exploration Inc. trades at C$0.0350, about 53% below its 52-week high of C$0.0750 and 133% above the low of C$0.0150 (as of Sep 12, 2026). Distance from the high says nothing about value: that is what the fair value of C$0.1019 is for.
Which stocks are comparable to Black Spruce Exploration Inc.?
From the same area (Basic Materials) we also value BHP Group, Vale S.A, Saudi Arabian Mining Company, CMOC Group, 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 Black Spruce Exploration Inc. stock attractive at the current price?
The data as of Sep 12, 2026: price C$0.0350, calculated fair value C$0.1019 (+191%), Quality Score 25/100, 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 BARK calculated?
We run Black Spruce Exploration Inc. through 1 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of C$0.1019, 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 31.6 % above its aggregate fair value. Black Spruce Exploration Inc. currently trades 191 % below its own fair value, and the market average says nothing about that. 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 <a href="/is-it-worth-investing-now/">is it worth investing now</a>.
What should I pay attention to with Black Spruce Exploration Inc. right now?
The large discount to fair value meets weak quality (25/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (C$0.0819). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
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