Hamak Gold Limited (GB:HAMA)
LSE:HAMA
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Hamak Gold Limited
(LSE:HAMA)
Select Model
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Rating:46Neutral
Price Target:
1.00 p
▼(-28.57% Downside)
Action:N/ADate:01/04/26
The score is primarily held back by weak financial performance (no revenue, ongoing losses, and negative cash flow), with only partial offset from a currently improved near-term technical setup. Valuation signals are also constrained by a negative P/E and the absence of a dividend yield.
Positive Factors
Balance sheet positive equity
Having positive equity and only moderate debt provides a durable runway for exploration work and reduces immediate solvency risk. This financial base improves the company’s ability to negotiate farm-ins, JV deals or licence sales without urgent distress-driven disposals, supporting long-term project advancement.
Negative Factors
Pre-revenue explorer
No reported revenue across multiple years means value relies entirely on successful exploration, resource definition and eventual monetisation. This creates a long, binary path to cash generation that depends on technical success, permitting and capital markets, exposing investors to sustained execution and financing risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet positive equity
Having positive equity and only moderate debt provides a durable runway for exploration work and reduces immediate solvency risk. This financial base improves the company’s ability to negotiate farm-ins, JV deals or licence sales without urgent distress-driven disposals, supporting long-term project advancement.
Read all positive factors
Hamak Gold Limited (HAMA) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£3.39M
Dividend YieldN/A
Average Volume (3M)11.55M
Price to Earnings (P/E)―
Beta (1Y)-0.63
Revenue GrowthN/A
EPS GrowthN/A
CountryUK
Employees8
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding452,134,500
10 Day Avg. Volume15,797,949
30 Day Avg. Volume11,553,240
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.60
Price to Sales (P/S)0.00
P/FCF Ratio-1.46
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
Hamak Gold Limited Business Overview & Revenue Model
Company Description
Hamak Gold Limited operates as a mining exploration and development company in Liberia. It owns interests in two gold mineral exploration licenses that cover an area of 1,752 square kilometers located in Nimba and Gozohn. The company was incorpora...
How the Company Makes Money
Hamak Gold Limited does not have publicly available, confirmed information indicating recurring operating revenue from gold production or other commercial sales; as an exploration-stage company, it typically does not generate material revenue unti...
Hamak Gold Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
38
Negative
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -692.00K | -673.00K | ― | -3.70M | -147.52K |
| Net Income | -1.18M | -1.08M | -536.55K | -3.73M | -393.77K |
Balance Sheet | |||||
| Total Assets | 2.14M | 2.00M | 2.00M | 1.55M | 1.90K |
| Cash, Cash Equivalents and Short-Term Investments | 36.00K | 27.00K | 2.00K | 12.00K | 1.00K |
| Total Debt | 392.00K | 318.00K | 9.00K | 59.00K | 70.00K |
| Total Liabilities | 1.11M | 1.06M | 456.00K | 411.00K | 357.28K |
| Stockholders Equity | 1.03M | 930.00K | 1.55M | 1.14M | -355.38K |
Cash Flow | |||||
| Free Cash Flow | -188.00 | -382.00K | -715.00K | -1.16M | -77.00 |
| Operating Cash Flow | -120.00 | -359.00K | -302.00K | -567.00K | -77.00 |
| Investing Cash Flow | -66.00 | -23.00K | -413.00K | -590.00K | 0.00 |
| Financing Cash Flow | 160.00 | 407.00K | 705.00K | 1.17M | 78.00 |
Hamak Gold Limited 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 | £11.90M | -1.51 | -10.29% | ― | ― | ― | |
51 Neutral | £8.08M | 5.22 | -2.46% | ― | ― | ― | |
48 Neutral | £6.95M | -0.83 | -110.53% | ― | ― | ― | |
46 Neutral | £3.39M | -1.95 | -86.67% | ― | ― | ― | |
45 Neutral | £8.39M | -3.75 | -24.33% | ― | ― | ― |
* Basic Materials Sector Average
GB:HAMA
Hamak Gold Limited
0.75
0.13
20.97%
GB:ECR
ECR Minerals
0.26
0.04
15.91%
GB:XTR
Xtract Resources
1.00
0.25
33.33%
GB:CGNR
Conroy Gold and Natural Resources
10.50
7.70
275.00%
GB:PALM
Panther Metals Plc
80.00
41.50
107.79%
Hamak Gold Limited Corporate Events
Business Operations and StrategyM&A Transactions
Hamak Strategy Advances Akoko Gold Acquisition After Completing Due Diligence
Positive
Mar 3, 2026
Hamak Strategy Limited has completed due diligence on the Akoko Gold Project in Ghana’s prolific Ashanti belt and will move immediately toward finalising its acquisition, securing an option over a near-surface oxide resource that it believes...
Business Operations and StrategyExecutive/Board Changes
Hamak Strategy Names MBS Global CIO Billy Daly to Advisory Board to Bolster Gold and Bitcoin Strategy
Positive
Feb 19, 2026
Hamak Strategy Limited has appointed Billy Daly, Group Chief Investment Officer of Dubai-based MBS Global Investments, to its Advisory Board as it seeks to strengthen both its African gold exploration portfolio and its diversified Bitcoin treasury...
Business Operations and StrategyExecutive/Board Changes
Hamak Strategy refreshes leadership to accelerate dual gold and Bitcoin strategy
Positive
Feb 4, 2026
The company has overhauled its leadership, reinstating founder Karl Smithson as CEO and adding Mike Murphy as executive director and chief strategy officer, James Cable as CFO, and appointing gold and treasury strategy advisers to sharpen its comb...
Business Operations and StrategyExecutive/Board Changes
Hamak Strategy Regains Full Control of Nimba and Advances Akoko Gold Project
Positive
Jan 30, 2026
Hamak Strategy Limited has moved to regain full control of its Nimba gold project in Liberia after mutually agreeing with First Au Limited to terminate their joint venture, securing 100% ownership for no initial payment after FAU spent more than A...
Business Operations and Strategy
Hamak Strategy Adds Bitcoin and Gold to Expand Hybrid Treasury Strategy
Positive
Jan 28, 2026
Hamak Strategy Limited has expanded its hybrid treasury strategy by acquiring three additional Bitcoin for approximately £199,703 and 1.65kg of gold bullion for about £195,360, bringing its total Bitcoin holdings to 23. Management says t...
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.
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