Goldstone Resources (GRL) AI Stock Analysis

• Market Cap: £4.03M
• Dividend Yield: N/A
• Average Volume (3M): 2.32M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.49
• Revenue Growth: 93.10%
• EPS Growth: -150.00%
• Country: UK
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): N/A
• Shares Outstanding: 949,189,800
• 10 Day Avg. Volume: 1,089,646
• 30 Day Avg. Volume: 2,315,892
• PEG Ratio: -0.09
• Price to Book (P/B): 0.87
• Price to Sales (P/S): 1.85
• P/FCF Ratio: -3.50
• 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): £2.62B

• Rating: 46 Neutral
• Price Target: 0.50p ▲(19.05% Upside)

Goldstone Resources faces significant financial challenges, with profitability and cash flow issues being the most critical factors. The technical analysis suggests a bearish trend, and the valuation is unattractive due to negative earnings. These factors collectively result in a low overall stock score.

Positive Factors

Revenue Growth

Strong revenue growth indicates expanding operations and successful market penetration, which can drive long-term business sustainability.

Stable Equity Ratio

A stable equity ratio suggests a balanced capital structure, providing a foundation for future financial stability and growth.

Improved Operating Cash Flow

Improved operating cash flow, despite being minimal, shows progress in liquidity management, essential for sustaining operations and funding growth.

Negative Factors

Profitability Challenges

Ongoing profitability issues can hinder reinvestment and growth, posing a risk to long-term business viability and shareholder returns.

Rising Leverage

Increased leverage heightens financial risk, potentially limiting flexibility and increasing vulnerability to economic downturns.

Negative Free Cash Flow

Negative free cash flow suggests insufficient cash generation to cover expenses and investments, threatening long-term operational sustainability.

Goldstone Resources Business Overview & Revenue Model

Company Description

Goldstone Resources Limited, through its subsidiaries, engages in the exploration and development of gold and associated elements in West and Central Africa. It holds 100% interest in the Akrokeri-Homase Gold project located in Ghana. The company was incorporated in 1998 and is based in Saint Helier, Jersey.

How the Company Makes Money

Goldstone Resources generates revenue primarily through the extraction and sale of gold. Its revenue model is centered on mining operations that convert gold ore into marketable products. The company earns money by selling gold directly to refineries or through contracts with buyers in the commodities market. Key revenue streams include sales of gold from its operational mines and potential royalties from exploration projects. Additionally, strategic partnerships with local governments and mining services companies can enhance operational efficiency and reduce costs, further contributing to the company’s earnings.

Goldstone Resources Financial Statement Overview

Summary

Goldstone Resources is experiencing strong revenue growth but faces significant profitability and cash flow challenges. The increasing leverage and negative margins highlight financial risks, while the stable equity ratio offers some balance. The company needs to improve cost management and cash flow generation to enhance financial stability.

Income Statement

Goldstone Resources has shown significant revenue growth of 89.81% in the latest year, indicating a positive trajectory. However, the company is struggling with profitability, as evidenced by negative net profit and EBIT margins. The gross profit margin has decreased from 57.39% to 24.69%, highlighting potential cost management issues.

Balance Sheet

The company's debt-to-equity ratio has increased to 0.90, suggesting rising leverage, which could pose financial risks. Return on equity remains negative, reflecting ongoing losses. However, the equity ratio is relatively stable, indicating a balanced asset structure.

Cash Flow

Operating cash flow has improved but remains minimal compared to net income, resulting in a low operating cash flow coverage ratio. Free cash flow is negative, and the free cash flow to net income ratio is unfavorable, indicating cash flow challenges.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	4.95M	2.20M	8.90M	0.00	0.00
Gross Profit	1.22M	1.26M	3.16M	0.00	0.00
EBITDA	-1.88M	-1.01M	109.52K	-722.91K	-562.54K
Net Income	-4.15M	-2.69M	-674.41K	-2.25M	-643.04K
Balance Sheet
Total Assets	24.16M	22.15M	21.07M	23.83M	17.68M
Cash, Cash Equivalents and Short-Term Investments	95.78K	121.43K	113.31K	336.52K	701.38K
Total Debt	9.50M	6.57M	2.91M	4.81M	5.83M
Total Liabilities	13.63M	12.93M	8.28M	7.84M	6.83M
Stockholders Equity	10.53M	9.22M	12.78M	16.00M	10.85M
Cash Flow
Free Cash Flow	-2.62M	-2.93M	-972.15K	-6.64M	-4.90M
Operating Cash Flow	49.48K	-1.75M	621.64K	-1.02M	-236.95K
Investing Cash Flow	-2.67M	-1.18M	-1.59M	-5.62M	-4.67M
Financing Cash Flow	2.63M	2.94M	748.94K	6.28M	5.52M

Goldstone Resources Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.42
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:GRL, the sentiment is Negative. The current price of 0.42 is below the 20-day moving average (MA) of 0.43, below the 50-day MA of 0.45, and below the 200-day MA of 0.69, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 43.02 is Neutral, neither overbought nor oversold. The STOCH value of 20.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:GRL.

Goldstone Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GDP	78 Outperform	£15.80M	3.49	―	1.04%	10.56%	99.25%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
GRL	46 Neutral	£4.03M	―	-47.73%	―	93.10%	-150.00%

Goldstone Resources Corporate Events

GoldStone Resources Reports Strong H1 2025 Performance and Strategic Developments

GoldStone Resources Limited reported significant progress in the first half of 2025, with a production of 2,917 ounces of gold and a more than 200% increase in gross profits compared to the previous year, driven by strong gold prices. The company has made substantial infrastructure upgrades and reduced liabilities by converting a loan note. The appointment of Campbell Smyth as Interim Chairman marks a leadership change, while operational expansions, such as the heap leach facilities, are underway to support future growth. The company remains focused on achieving production targets and sustaining growth into 2026.

The most recent analyst rating on (GB:GRL) stock is a Hold with a £0.50 price target. To see the full list of analyst forecasts on Goldstone Resources stock, see the GB:GRL Stock Forecast page.

GoldStone Resources Advances Homase Mine Operations

GoldStone Resources Limited has reported progress at its Homase Mine in Ghana, with a recent gold pour of approximately 355.6 ounces. The company is advancing its heap leach expansion, with civil engineering designs completed and materials ordered. GoldStone is maintaining its production goals, focusing on delivering 48,000 tonnes of ore per month and sustaining its production profile through 2025.

The most recent analyst rating on (GB:GRL) stock is a Hold with a £0.50 price target. To see the full list of analyst forecasts on Goldstone Resources stock, see the GB:GRL Stock Forecast page.

GoldStone Resources Announces AGM Results and Board Changes

GoldStone Resources Limited announced the results of its Annual General Meeting, where all resolutions were passed except for the re-appointment of Ms. Angela List as a director and the authority to allot additional shares. Ms. List has stepped down, and Campbell Smyth has been nominated as Interim Non-Executive Chairman. The company is investigating a breach of confidentiality by former Chairman Bill Trew and is in discussions with potential funding partners. Current production at the Homase Mine is reduced due to low-grade ore.