Goldstone Resources (GRL) AI Stock Analysis

• Market Cap: £3.80M
• Dividend Yield: N/A
• Average Volume (3M): 6.97M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.60
• Revenue Growth: 120.66%
• EPS Growth: 16.92%
• Country: UK
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 69
• Industry: Gold
• EPS (TTM): >-0.01
• Shares Outstanding: 949,189,800
• 10 Day Avg. Volume: 3,449,642
• 30 Day Avg. Volume: 6,972,158
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: £0.50
• Price Target Upside: 31.58% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 45 Neutral
• Price Target: 0.50p ▲(31.58% Upside)

Goldstone Resources' overall stock score is primarily influenced by its financial performance challenges, including negative profitability and cash flow issues. The technical analysis indicates a bearish trend, further weighing on the score. While recent corporate events show operational improvements, concerns about board changes and confidentiality breaches add risk. The valuation metrics reflect the company's financial difficulties, contributing to a lower overall score.

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 sale of gold extracted from its mining operations. The company identifies and develops mineral deposits into profitable mining projects, leading to the production of gold which is sold on the open market. Key revenue streams include the sale of raw gold, potential joint ventures with other mining companies, and partnerships that may provide shared resources or technology. Additionally, Goldstone may benefit from strategic alliances and partnerships that enhance its operational efficiency and reduce costs, thus contributing positively to its 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	2.61M	4.95M	2.20M	8.90M	0.00	0.00
Gross Profit	1.26M	1.22M	1.26M	3.16M	0.00	0.00
EBITDA	-824.15K	-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	20.35M	24.16M	22.15M	21.07M	23.83M	17.68M
Cash, Cash Equivalents and Short-Term Investments	788.80K	95.78K	121.43K	113.31K	336.52K	701.38K
Total Debt	8.87M	9.50M	6.57M	2.91M	4.81M	5.83M
Total Liabilities	13.04M	13.63M	12.93M	8.28M	7.84M	6.83M
Stockholders Equity	7.31M	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	1.91M	2.63M	2.94M	748.94K	6.28M	5.52M

Goldstone Resources Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.38
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 0.38 is below the 20-day moving average (MA) of 0.41, below the 50-day MA of 0.52, and below the 200-day MA of 0.92, indicating a bearish trend. The MACD of -0.04 indicates Negative momentum. The RSI at 39.24 is Neutral, neither overbought nor oversold. The STOCH value of 32.06 is Neutral, 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	£13.49M	2.88	23.30%	1.21%	10.56%	99.25%
Sector *	61 Neutral	$10.24B	6.18	0.71%	2.90%	3.45%	-36.02%
GRL	45 Neutral	£3.80M	―	-41.60%	―	120.66%	16.92%
GCAT	―	£5.41M	―		―	―	―
ORR	―	£18.31M	―	-1.91%	―	―	―
XTR	―	£5.40M	―		―	―	―
LEX	―	£15.67M	32.73	-3.91%	―	―	―

Goldstone Resources Corporate Events

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.

GoldStone Resources Announces AGM and Addresses Media Allegations

GoldStone Resources Limited has announced the posting of a Circular and Notice of AGM to shareholders, with the meeting scheduled for 11 August 2025. The company is addressing recent media allegations concerning its Chair, Angela List, and is consulting with advisers to determine the appropriate response, indicating potential impacts on its governance and stakeholder relations.

GoldStone Resources Reports Strong Operational and Financial Progress in 2024

GoldStone Resources Limited reported significant operational and financial progress for the year ended 31 December 2024. The company improved its production profile at the Homase Gold Project, achieving consistent growth in gold output due to enhancements in equipment and processes. Financially, GoldStone strengthened its position by reducing financial pressure and deferring repayment agreements, positioning itself well for continued production ramp-up. The favorable gold market conditions further support the company’s strategic direction, enhancing the value of its improvements and supporting sustainable cash flow generation. GoldStone plans to continue optimizing production and exploring additional resources, with a focus on delivering long-term value to shareholders.

GoldStone Resources Reports Operational and Financial Progress in 2024

GoldStone Resources Limited reported significant operational improvements and financial stabilization in 2024, with enhanced production at the Homase Gold Project. The company has strengthened its financial position, deferring repayment agreements to focus on operational improvements and strategic planning. The robust gold market supports GoldStone’s efforts to generate sustainable cash flow, positioning it well to capitalize on market dynamics. The company aims to optimize production, explore new mining areas, and expand its operations, with a focus on delivering long-term value to shareholders.

Goldstone Resources Sees Change in Major Holdings

Goldstone Resources Limited, a UK-based company, has announced a change in its major holdings. Asian Investment Management Services Ltd, based in Kuala Lumpur, Malaysia, has increased its voting rights in Goldstone Resources from 25.7% to 26.3%, crossing a significant threshold. This change in voting rights could potentially impact the company’s decision-making processes and influence its strategic direction.

GoldStone Resources Reports Strong Production and Cost Reductions at Homase Mine

GoldStone Resources Limited announced its intention to publish its final audited results for the year 2024 on June 30, 2025, and provided an update on its operations. The company reported strong production at the Homase Mine with 72.9 kilograms of gold doré produced by May 31, 2025, and a reduction in costs as it moves towards positive operational cash flow. The company also began preparation work for pit definition drilling at Pits 5 and 6 and confirmed its compliance with the Ghana Gold Board Act through its first sales of gold to the Ghana Gold Board.