Goldstone Resources (GRL) AI Stock Analysis

• Market Cap: £4.27M
• Dividend Yield: N/A
• Average Volume (3M): 2.32M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.41
• 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): N/A

• Rating: 49 Neutral
• Price Target: 0.60p ▲(8.55% Upside)

The score is primarily held down by weak financial performance—loss-making operations, deteriorating gross margin, negative free cash flow, and higher leverage—despite strong revenue growth. Technicals provide some support (price above key moving averages and positive MACD), but the very high RSI suggests overextended momentum. Valuation offers limited support given the negative P/E and lack of dividend data.

Positive Factors

Revenue Growth

The company's significant revenue growth indicates a strong market demand for its products and suggests potential for future profitability if cost management improves.

Market Position

Operating in West Africa, a region rich in gold deposits, provides Goldstone Resources with strategic access to high-potential mining opportunities, supporting long-term growth.

Strategic Partnerships

Partnerships with local entities enhance operational efficiency and reduce costs, which can lead to improved profitability and competitive advantage over time.

Negative Factors

Profitability Challenges

Persistent profitability issues, as indicated by negative margins, could hinder the company's ability to reinvest in growth and manage debt effectively.

Gross Margin Decline

A sharp decline in gross margin suggests rising costs or pricing pressures, which could impact long-term profitability if not addressed.

Rising Leverage

Increased leverage poses financial risks, potentially limiting the company's ability to invest in growth opportunities and manage economic downturns.

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	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	7.52M	4.95M	2.20M	8.90M	0.00	0.00
Gross Profit	3.85M	1.22M	1.26M	3.16M	0.00	0.00
EBITDA	1.81M	-1.88M	-1.01M	109.52K	-722.91K	-562.54K
Net Income	-5.49M	-4.15M	-2.69M	-674.41K	-2.25M	-643.04K
Balance Sheet
Total Assets	21.65M	24.16M	22.15M	21.07M	23.83M	17.68M
Cash, Cash Equivalents and Short-Term Investments	319.09K	95.78K	121.43K	113.31K	336.52K	701.38K
Total Debt	6.01M	9.50M	6.57M	2.91M	4.81M	5.83M
Total Liabilities	13.23M	13.63M	12.93M	8.28M	7.84M	6.83M
Stockholders Equity	11.99M	10.53M	9.22M	12.78M	16.00M	10.85M
Cash Flow
Free Cash Flow	-3.60M	-2.62M	-2.93M	-972.15K	-6.64M	-4.90M
Operating Cash Flow	-960.03K	49.48K	-1.75M	621.64K	-1.02M	-236.95K
Investing Cash Flow	-2.60M	-2.67M	-1.18M	-1.59M	-5.62M	-4.67M
Financing Cash Flow	2.66M	2.63M	2.94M	748.94K	6.28M	5.52M

Goldstone Resources Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.55
• 50DMA: Negative
• 100DMA: Positive
• 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 0.55 is above the 20-day moving average (MA) of 0.49, above the 50-day MA of 0.45, and below the 200-day MA of 0.60, indicating a bearish trend. The MACD of 0.01 indicates Positive momentum. The RSI at 41.85 is Neutral, neither overbought nor oversold. The STOCH value of 16.67 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
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
GRL	49 Neutral	£4.27M	-0.90	-47.73%	―	93.10%	-150.00%
CGNR	49 Neutral	£8.85M	-11.75	-2.46%	―	―	―
PALM	49 Neutral	£4.96M	-1.39	-91.05%	―	―	―
HAMA	46 Neutral	£7.12M	-1.50	-86.67%	―	―	―

Goldstone Resources Corporate Events

GoldStone Targets Higher Output from Homase as New Leach Capacity Comes Onstream

GoldStone Resources reported 2025 gold production of 2,912 ounces from its Homase mine in Ghana, generating about US$10 million in revenue despite disruptions from an unusually heavy rainy season and frequent regulatory inspections that constrained mining and stacking rates. The company has completed new screening and conveying infrastructure, is constructing its largest heap leach pad to date, and has restructured its mine plan to prioritise dry-season output, underpinning FY26 guidance of around 4,000 ounces at an all-in sustaining cost of US$2,500–US$2,900 per ounce. GoldStone remains self-funded, has reduced historical creditor balances, expects modest capital expenditure focused on leach pad and processing upgrades, and is investing in community facilities, while board changes and extended loan terms from a major shareholder are intended to support operational stability, cash generation and long-term value creation.

The most recent analyst rating on (GB:GRL) stock is a Hold with a £0.60 price target. To see the full list of analyst forecasts on Goldstone Resources stock, see the GB:GRL Stock Forecast page.

GoldStone Wins Year-Long Extension and Interest Freeze on Gold Loan

GoldStone Resources has secured an amendment to its gold loan agreement with Asian Investment Management Services, extending the loan’s maturity by a year to 31 December 2026 and freezing interest payments for six months to 30 June 2026. Management frames the revised terms as a supportive move by its major creditor that eases near-term cash flow pressures at the Homase Mine, enhances working capital flexibility in a favourable gold price environment, and gives the company more headroom to stabilise operations and advance its wider development plans in Ghana.

The most recent analyst rating on (GB:GRL) stock is a Hold with a £0.54 price target. To see the full list of analyst forecasts on Goldstone Resources stock, see the GB:GRL Stock Forecast page.

GoldStone Resources bolsters board with two independent non-executive directors

GoldStone Resources has strengthened its board by appointing two independent non-executive directors, Richard Kofi Amegashie and Michael Jones, bringing in a blend of international strategic, commercial and technical mining expertise. Amegashie adds three decades of cross-industry experience in strategic development, operations and commercial leadership with global blue-chip firms, while Jones contributes deep operational, engineering and capital markets credentials from senior roles in mine management, mining investment banking and consulting. The company’s chairman said the appointments come at an important stage for GoldStone, bolstering governance and board capabilities as the group pursues disciplined execution and long-term value creation for shareholders and other stakeholders across its Ghanaian gold portfolio.

The most recent analyst rating on (GB:GRL) stock is a Hold with a £0.39 price target. To see the full list of analyst forecasts on Goldstone Resources stock, see the GB:GRL Stock Forecast page.