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Conroy Gold and Natural Resources
(LSE:CGNR)
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Rating:44Neutral
Price Target:
7.50 p
▼(-26.83% Downside)
Action:Reiterated
Date:06/24/26
The score is driven primarily by weak financial performance (no revenue, recurring losses, and consistently negative operating/free cash flow), partially offset by a comparatively supportive balance sheet with generally low leverage. Technicals add downside pressure with the price below key moving averages and negative MACD, while valuation is constrained by a negative P/E and no dividend yield.
Positive Factors
Conservative balance sheet
Low leverage and a sizable equity base provide a durable cushion for an exploration company. With assets of ~£24.9m and equity ~£17.3m in 2025, the company is better positioned to fund near-term drilling or to withstand funding gaps without immediate insolvency risk, aiding negotiation leverage with partners.
Negative Factors
No revenue or production
Absence of operating revenue across multiple years means value depends entirely on exploration success or asset sales rather than recurring cash flows. This structural lack of monetization increases execution risk, makes funding needs perennial, and reduces resilience to market or financing shocks.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Low leverage and a sizable equity base provide a durable cushion for an exploration company. With assets of ~£24.9m and equity ~£17.3m in 2025, the company is better positioned to fund near-term drilling or to withstand funding gaps without immediate insolvency risk, aiding negotiation leverage with partners.
Read all positive factors
Conroy Gold and Natural Resources (CGNR) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£5.96M
Dividend YieldN/A
Average Volume (3M)443.47K
Price to Earnings (P/E)―
Beta (1Y)-0.89
Revenue GrowthN/A
EPS Growth77.01%
CountryUK
Employees8
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding76,949,430
10 Day Avg. Volume562,131
30 Day Avg. Volume443,471
Financial Highlights & Ratios
PEG Ratio1.82
Price to Book (P/B)0.14
Price to Sales (P/S)0.00
P/FCF Ratio-69.95
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Conroy Gold and Natural Resources Business Overview & Revenue Model
Company Description
Conroy Gold and Natural Resources plc specializes in the discovery and advancement of mineral resources across Ireland and Finland. Its primary focus is on unearthing deposits of gold, lead, and zinc, with a significant portion of its exploratory ...
How the Company Makes Money
CGNR is primarily an exploration-stage company; specific, recurring operating revenue streams from production are not publicly evidenced in the information available to this assistant, so a detailed breakdown of monetisation is limited. In general...
Conroy Gold and Natural Resources Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
64
Positive
Cash Flow
22
Negative
| Breakdown | TTM | May 2025 | May 2024 | May 2023 | May 2022 | Nov 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -18.27K | -18.36K | -18.60K | -18.27K | -1.87K | -1.95K |
| EBITDA | 31.78K | -611.62K | -663.08K | -587.00K | -830.00K | -822.00K |
| Net Income | -117.39K | -631.27K | -585.92K | -315.00K | 329.47K | 211.01K |
Balance Sheet | ||||||
| Total Assets | 30.88M | 29.51M | 29.29M | 27.38M | 25.54M | 24.97M |
| Cash, Cash Equivalents and Short-Term Investments | 1.52M | 77.17K | 143.53K | 557.93K | 1.22M | 1.51M |
| Total Debt | 225.10K | 217.69K | 4.65M | 158.10K | 525.22K | 515.08K |
| Total Liabilities | 8.48M | 9.02M | 8.55M | 3.87M | 4.40M | 4.98M |
| Stockholders Equity | 22.40M | 20.50M | 20.74M | 19.81M | 19.73M | 19.99M |
Cash Flow | ||||||
| Free Cash Flow | -631.20K | -40.02K | -2.82M | -520.40K | -1.70M | -2.04M |
| Operating Cash Flow | -631.20K | -40.02K | -747.20K | -417.20K | -804.23K | -1.38M |
| Investing Cash Flow | -706.57K | -651.57K | -2.07M | -2.96M | -899.86K | -658.90K |
| Financing Cash Flow | 2.66M | 625.56K | 2.41M | 2.66M | 1.41M | 3.43M |
Conroy Gold and Natural Resources Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | £7.29M | -1.19 | -47.73% | ― | 119.27% | -44.44% | |
46 Neutral | £13.98M | -8.39 | -10.29% | ― | -100.00% | -130.00% | |
45 Neutral | £7.80M | -11.00 | -24.33% | ― | ― | ― | |
44 Neutral | £5.96M | -36.16 | -2.46% | ― | ― | 77.01% | |
41 Neutral | £2.82M | -0.59 | -86.67% | ― | ― | 46.23% |
* Basic Materials Sector Average
GB:CGNR
Conroy Gold and Natural Resources
7.75
3.25
72.22%
GB:ECR
ECR Minerals
0.22
<0.01
2.38%
GB:XTR
Xtract Resources
1.15
0.37
47.44%
GB:GRL
Goldstone Resources
0.55
0.03
5.77%
GB:HAMA
Hamak Gold Limited
0.62
-1.00
-61.48%
Conroy Gold and Natural Resources Corporate Events
Business Operations and Strategy
Conroy Gold boosts confidence in Clontibret–Corcaskea gold continuity with new drill intercepts
Positive
Jun 22, 2026
Conroy Gold and Natural Resources reported new assay results from step-out drillhole CGC-25-005 on the Eastern Zone at its Clontibret deposit in Ireland, which intersected nine gold-bearing lodes including 4.8 metres at 1.3 g/t and 1.0 metre at 2....
Business Operations and Strategy
Conroy Gold Identifies Significant Alteration Zone and High-Grade Gold at Clontibret
Positive
May 18, 2026
Conroy Gold reported assay results from two new drill holes at its Clontibret deposit in Ireland, which were drilled to test the northern extension of gold lodes near the historic Tullybuck antimony mine. Both holes intersected an extensive, inten...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.