BTKRF (First Atlas Resources) Moat Score: 2/10 (As of Jul. 17, 2026)

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What is First Atlas Resources Moat Score?

First Atlas Resources BTKRF +29.77% Moat Score is 2 as of Jul. 17, 2026. The stock has 2 warning signs investors should review. Among 2,611 Metals & Mining companies, First Atlas Resources ranks better than 83.26% on this metric.

First Atlas Resources has the Moat Score of 2, which implies that the company might have No Moat - Very weak/transient advantages.

First Atlas Resources has No Moat: First Atlas Resources Corp lacks significant competitive advantages. It operates in a highly competitive industry with no discernible market leadership, intellectual property, or cost advantages.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes First Atlas Resources might have No Moat - Very weak/transient advantages.

First Atlas Resources  (OTCPK:BTKRF) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

First Atlas Resources Moat Score Related Terms

BTKRF vs NEM, AU: Moat Score Comparison

For the Gold subindustry, First Atlas Resources's Moat Score, along with its competitors' market caps and Moat Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

First Atlas Resources Moat Score vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, First Atlas Resources's Moat Score distribution charts can be found below:

* The bar in red indicates where First Atlas Resources's Moat Score falls into.


Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 2 mean?
First Atlas Resources (BTKRF) has a Moat Score of 2 as of Jul. 17, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, First Atlas Resources ranks #437 out of 2611 companies in the Metals & Mining industry, placing it in the top 16.7%.
Is First Atlas Resources' Moat Score too high?
First Atlas Resources' current Moat Score is 2. The Metals & Mining industry median Moat Score is 1.00. First Atlas Resources' value of 2 is 100% above this industry median. Based on the distribution chart, First Atlas Resources ranks #437 out of 2611 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers.
How does First Atlas Resources' Moat Score compare to NEM and AU?
According to the Metals & Mining industry distribution chart, First Atlas Resources ranks #437 out of 2611 companies for Moat Score. This places First Atlas Resources in the top 17% of its industry — outperforming the majority of peers. The industry median Moat Score is 1.00. First Atlas Resources' value of 2 is 100% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for a Metals & Mining company?
The median Moat Score among Metals & Mining companies is 1.00, based on 2,611 companies in the industry. Companies in the top quartile (top 25%) have a Moat Score significantly above this median, while those in the bottom quartile fall well below. However, Moat Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Atlas Resources's current Moat Score of 2 is 100% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. For the Metals & Mining industry, the median Moat Score is 1.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Atlas Resources's current Moat Score is 2. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Atlas Resources stock overvalued right now?
First Atlas Resources (BTKRF) has a current Moat Score of 2. The current Moat Score is 2 and 100% above the Metals & Mining industry median of 1.00. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Moat Score calculated?
Moat Score is calculated from a company's financial statements. For First Atlas Resources (BTKRF), the current Moat Score is 2 as of Jul. 17, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

First Atlas Resources Business Description

Other Exchanges 0NB0:GermanyHHE:Canada
Address 666 Burrard Street, Suite 500, Vancouver, BC, CAN, V6C 3P6
First Atlas Resources Corp is a mineral exploration company. The Company has a portfolio of properties in Quebec that are currently being explored for potential lithium, copper, nickel, cobalt, zinc, molybdenum, and platinum group elements.