Alma Gold (ALMA) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: N/A
• Average Volume (3M): 57.02K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.50
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 39,177,788
• 10 Day Avg. Volume: 117,898
• 30 Day Avg. Volume: 57,015
• PEG Ratio: 0.00
• Price to Book (P/B): 0.80
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -24.07
• 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: 46 Neutral
• Price Target: C$0.09 ▼(-12.00% Downside)

The score is primarily held down by weak financial performance (no revenue, widened losses, and ongoing cash burn) and a challenged valuation profile due to negative earnings. Technicals are only mildly supportive, with neutral momentum and a mixed trend versus longer-term moving averages, while the low-debt balance sheet modestly offsets the financial risk.

Alma Gold Business Overview & Revenue Model

Company Description

Alma Gold Inc., a gold-focused exploration company, engages in the acquisition and exploration of mineral property assets. The company's flagship project is the Karita gold project that includes four exploration permits located in Guinea, West Africa. It also holds a 100% interest in the Clarence Stream North gold project located in New Brunswick, Canada. The company was incorporated in 2020 and is based in Vancouver, Canada.

How the Company Makes Money

Alma Gold Financial Statement Overview

Summary

Financial profile is pressured by a pre-revenue income statement (no revenue), a sharp deterioration in 2024 net loss (~$985k vs. near break-even in 2023), and persistently negative operating/free cash flow. The key offset is a conservatively financed balance sheet with minimal debt and relatively stable equity, which reduces near-term solvency risk.

Income Statement

The company reports no revenue across the annual periods provided, indicating a pre-revenue or non-operating stage. Losses widened materially in 2024 (net loss of about $985k vs. near break-even in 2023), and profitability remains negative with consistently loss-making operations. The main positive is that losses were previously smaller and relatively contained in some earlier years, but the latest year shows clear deterioration.

Balance Sheet

The balance sheet is conservatively financed with essentially no debt in recent years (debt-to-equity near 0), which reduces financial risk and provides flexibility. Equity is relatively stable around ~$2.1–$2.2M (after a very small base in 2020), but returns on equity are negative, worsening in 2024 alongside the larger loss. Total assets also declined versus 2023, suggesting some balance sheet contraction while the company continues to operate without revenues.

Cash Flow

Cash generation remains weak, with operating cash flow and free cash flow negative in every year shown. Free cash flow improved meaningfully in 2024 (about -$73k vs. roughly -$593k in 2023), but this improvement is volatile and does not change the underlying cash burn profile. Cash flow relative to net income is not a clear strength here because both are negative; overall, the company is still funding ongoing outflows without evidence of self-sustaining cash generation.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	0.00	0.00	0.00	0.00	0.00	0.00
EBITDA	-1.27M	-984.95K	0.00	-285.47K	-140.23K	0.00
Net Income	-1.52M	-984.95K	-384.00	-285.73K	-140.35K	-56.86K
Balance Sheet
Total Assets	2.73M	2.28M	2.76M	2.69M	2.45M	140.01K
Cash, Cash Equivalents and Short-Term Investments	593.00K	209.94K	81.00	229.57K	576.00K	35.00K
Total Debt	0.00	0.00	0.00	0.00	0.00	50.00K
Total Liabilities	42.62K	89.46K	595.78K	566.61K	279.12K	63.50K
Stockholders Equity	2.69M	2.19M	2.16M	2.12M	2.17M	76.51K
Cash Flow
Free Cash Flow	-473.43K	-73.02K	-592.68K	-582.43K	-145.59K	-17.61K
Operating Cash Flow	-449.55K	-73.02K	-323.02K	-358.71K	-113.46K	-2.61K
Investing Cash Flow	-262.75K	-322.12K	-269.00	-223.72K	-29.65K	-15.00K
Financing Cash Flow	1.19M	605.00K	363.00	236.00K	684.10K	52.61K

Alma Gold 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%
GOH	52 Neutral	C$10.99M	-4.62	-42.65%	―	―	88.29%
ALMA	46 Neutral	―	-2.59	-53.43%	―	―	―
WBGD	45 Neutral	C$4.58M	-1.68	―	―	―	-76.03%
GGLD	41 Neutral	C$2.12M	-0.85	-7.70%	―	―	60.56%
SASY	33 Underperform	C$665.48K	-0.10	―	―	―	-67.75%

Alma Gold Corporate Events

Alma Gold Upsizes Financing and Closes First Tranche Amid Strong Investor Demand

Alma Gold Inc. has increased its previously announced non-brokered private placement to 18,437,500 units for gross proceeds of $1,475,000, up from $1,200,000, following strong investor demand, and has closed a first tranche raising $775,000 through the issuance of 9,687,500 units priced at $0.08 each, with attached five-year warrants exercisable at $0.15. Proceeds will be directed to general working capital and the assessment of potential strategic initiatives, while insider participation in the financing—structured to comply with minority protection rules—signals internal confidence and provides additional funding flexibility for the company’s ongoing gold exploration programs in Guinea and New Brunswick.

Alma Gold Inc. Announces $1.2 Million Private Placement

Alma Gold Inc. has announced a non-brokered private placement to raise up to $1.2 million through the issuance of 15 million units, each comprising one common share and one warrant. The proceeds from this placement will be used for general working capital and potential strategic initiatives, highlighting the company’s efforts to bolster its financial position and explore growth opportunities.