Conroy Gold and Natural Resources (CGNR) AI Stock Analysis

• Market Cap: £11.93M
• Dividend Yield: N/A
• Average Volume (3M): 443.47K
• Price to Earnings (P/E): ―
• Beta (1Y): -1.52
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: UK
• Employees: 8
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): >-0.01
• Shares Outstanding: 76,949,430
• 10 Day Avg. Volume: 562,131
• 30 Day Avg. Volume: 443,471
• PEG Ratio: 0.29
• Price to Book (P/B): 0.16
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -82.97
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 51 Neutral
• Price Target: 16.00p ▲(56.10% Upside)

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.

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 region for its exploration activities. The company was formerly known as Conroy Diamonds and Gold Plc and changed its name to Conroy Gold and Natural Resources plc in January 2011. Conroy Gold and Natural Resources plc was founded in 1995 and is headquartered in Dublin, Ireland.

How the Company Makes Money

Conroy Gold and Natural Resources Financial Statement Overview

Summary

Income and cash flow quality are weak: no reported revenue (2020–2025), recurring operating losses with a sizable 2025 net loss, and consistently negative operating and free cash flow (despite a sharp reduction in 2025 cash burn vs. 2024). The balance sheet is a relative support with generally low leverage and a sizable equity base, but returns remain weak/negative.

Income Statement

The company reports no revenue across the period provided (2020–2025 annual), which limits evidence of operating scale. Profitability is weak and volatile: operating profit is negative in most years, and 2025 shows a sizable net loss (about -0.53m) versus near break-even in 2024 and losses again in 2023 and 2020. While there were isolated profitable years (2021–2022 net income positive), the overall trajectory reflects an early-stage or non-producing profile with recurring losses and limited visibility on sustainable earnings.

Balance Sheet

The balance sheet looks conservatively levered overall, with debt generally low relative to equity (debt-to-equity ~0.01 in 2025 and ~0.01–0.03 in 2020–2022), although leverage spiked in 2024 (debt-to-equity ~0.22) before dropping again in 2025. Equity remains sizable (~17.3m in 2025) and assets are stable (~24.9m in 2025), providing a cushion. The key weakness is returns: profitability has not been consistent, leading to weak/negative return on equity in recent years.

Cash Flow

Cash generation is a clear pressure point. Operating cash flow is negative in every year shown, indicating the core business is consuming cash rather than funding itself. Free cash flow is also consistently negative, with a particularly large outflow in 2024 (about -2.82m) before improving materially in 2025 (about -0.03m), suggesting tighter cash control or lower spending—though still not sustainably positive. Overall, the company appears reliant on external funding or balance-sheet resources to support ongoing operations.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-7.72K	-15.48K	0.00	-15.73K	0.00	0.00
EBITDA	-515.60K	-515.60K	-663.08K	-587.00K	-830.00K	-822.00K
Net Income	-331.38K	-532.17K	-585.00	-315.00K	329.47K	211.01K
Balance Sheet
Total Assets	24.88M	24.88M	29.29M	27.38M	25.54M	24.97M
Cash, Cash Equivalents and Short-Term Investments	65.06K	65.06K	143.53K	557.93K	1.22M	1.51M
Total Debt	183.52K	183.52K	4.65M	158.10K	525.22K	515.08K
Total Liabilities	7.60M	7.60M	8.55M	3.87M	4.40M	4.98M
Stockholders Equity	17.28M	17.28M	20.74M	19.81M	19.73M	19.99M
Cash Flow
Free Cash Flow	-1.45K	-33.74K	-2.82M	-448.00K	-1.70M	-2.04M
Operating Cash Flow	-1.12K	-33.74K	-747.20K	-359.16K	-804.23K	-1.38M
Investing Cash Flow	-269.38K	-549.28K	-2.07M	-2.55M	-899.86K	-658.90K
Financing Cash Flow	195.16K	527.36K	2.41M	2.29M	1.41M	3.43M

Conroy Gold and Natural Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
GRL	52 Neutral	£10.92M	-2.30	-47.73%	―	93.10%	-150.00%
CGNR	51 Neutral	£11.93M	-15.50	-2.46%	―	―	―
XTR	48 Neutral	£10.11M	-3.86	-10.29%	―	―	―
HAMA	46 Neutral	£5.20M	-1.07	-86.67%	―	―	―