Conroy Gold and Natural Resources PLC (GB:CGNR)
LSE:CGNR
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Conroy Gold and Natural Resources
(LSE:CGNR)
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Rating:51Neutral
Price Target:
11.50 p
▲(12.20% Upside)
Action:ReiteratedDate:01/17/26
The score is held back primarily by weak financial performance (no revenue, recurring losses, and historically negative operating/free cash flow), partly offset by a supportive balance sheet and improving 2025 cash burn. Technicals are constructive with strong trend/momentum, but overbought signals temper the outlook. Valuation provides limited support given loss-making earnings and no dividend.
Positive Factors
Conservative balance sheet
A conservatively levered balance sheet with low debt and a sizable equity base provides financial resilience for an exploration company. This reduces near-term refinancing pressure, lowers dilution risk when raising funds, and improves ability to fund drilling or attract farm-out partners over months to years.
Negative Factors
No operating revenue
Absence of operating revenue confirms the company is pre‑production and reliant on financing or asset sales to fund operations. This structural lack of cash generation means long lead times to monetisation, persistent funding risk, and potential dilution until a resource is defined or farmed out.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
A conservatively levered balance sheet with low debt and a sizable equity base provides financial resilience for an exploration company. This reduces near-term refinancing pressure, lowers dilution risk when raising funds, and improves ability to fund drilling or attract farm-out partners over months to years.
Read all positive factors
Conroy Gold and Natural Resources (CGNR) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£8.85M
Dividend YieldN/A
Average Volume (3M)443.47K
Price to Earnings (P/E)5.2
Beta (1Y)-0.85
Revenue GrowthN/A
EPS GrowthN/A
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 Ratio0.29
Price to Book (P/B)0.16
Price to Sales (P/S)0.00
P/FCF Ratio-82.97
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 engages in the exploration and development of mineral properties in Ireland and Finland. The company primarily explores for gold, lead, and zinc deposits. It primarily focuses on the Longford-Down Massif regio...
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 | -16.83K | -15.48K | 0.00 | -15.73K | 0.00 | 0.00 |
| EBITDA | -220.43K | -515.60K | -663.08K | -587.00K | -830.00K | -822.00K |
| Net Income | -55.73K | -532.17K | -585.00 | -315.00K | 329.47K | 211.01K |
Balance Sheet | ||||||
| Total Assets | 30.88M | 24.88M | 29.29M | 27.38M | 25.54M | 24.97M |
| Cash, Cash Equivalents and Short-Term Investments | 1.52M | 65.06K | 143.53K | 557.93K | 1.22M | 1.51M |
| Total Debt | 225.10K | 183.52K | 4.65M | 158.10K | 525.22K | 515.08K |
| Total Liabilities | 8.48M | 7.60M | 8.55M | 3.87M | 4.40M | 4.98M |
| Stockholders Equity | 22.40M | 17.28M | 20.74M | 19.81M | 19.73M | 19.99M |
Cash Flow | ||||||
| Free Cash Flow | -631.00K | -33.74K | -2.82M | -448.00K | -1.70M | -2.04M |
| Operating Cash Flow | -631.00K | -33.74K | -747.20K | -359.16K | -804.23K | -1.38M |
| Investing Cash Flow | -656.47K | -549.28K | -2.07M | -2.55M | -899.86K | -658.90K |
| Financing Cash Flow | 2.63M | 527.36K | 2.41M | 2.29M | 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% | |
54 Neutral | £11.30M | -1.51 | -10.29% | ― | ― | ― | |
52 Neutral | £12.60M | -0.56 | -47.73% | ― | 93.10% | -150.00% | |
51 Neutral | £8.85M | 5.22 | -2.46% | ― | ― | ― | |
46 Neutral | £3.62M | -1.95 | -86.67% | ― | ― | ― | |
45 Neutral | £8.39M | -3.75 | -24.33% | ― | ― | ― |
* Basic Materials Sector Average
GB:CGNR
Conroy Gold and Natural Resources
11.50
8.70
310.71%
GB:ECR
ECR Minerals
0.26
0.04
15.91%
GB:XTR
Xtract Resources
0.95
0.20
26.67%
GB:GRL
Goldstone Resources
0.95
-0.10
-9.52%
GB:HAMA
Hamak Gold Limited
0.80
0.18
29.03%
Conroy Gold and Natural Resources Corporate Events
Business Operations and Strategy
Conroy Gold Hits Deepest Mineralisation Yet at Clontibret as Drilling Extends Gold Lodes
Positive
Mar 2, 2026
Conroy Gold reported assay results from the first hole in its new 2,000m drilling campaign at the Clontibret gold deposit, intersecting more than 10 lodes and the deepest sulphide mineralisation yet encountered on the property. Key intercepts incl...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Conroy Gold Posts Interim Profit as Balance-Sheet Repair Funds New Drilling at Irish Gold Project
Positive
Feb 2, 2026
Conroy Gold and Natural Resources reported half-year results to 30 November 2025 showing a move to profit of €278,636 and net assets of €22.4 million, underpinned by a major balance-sheet restructuring of more than €3.3 million o...
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.