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Angkor Gold Corp (TSE:ANK)
:ANK
Canadian Market

Angkor Gold (ANK) AI Stock Analysis

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TSE:ANK

Angkor Gold

(ANK)

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Neutral 51 (OpenAI - 5.2)
Rating:51Neutral
Price Target:
C$0.32
▲(3.87% Upside)
The score is held back primarily by weak financial performance (pre-revenue, losses, cash burn) and leverage risk, partially offset by constructive technical trend/momentum and a series of positive corporate updates aimed at improving funding flexibility and advancing exploration plans.
Positive Factors
Strategic Alliances
The strategic alliance for the Block VIII project enhances Angkor's ability to finance and develop its oil and gas operations, potentially leading to significant energy production capabilities and economic benefits for Cambodia.
Experienced Team Formation
The formation of an experienced team strengthens Angkor's technical and strategic capabilities, increasing the likelihood of successful exploration and development in Cambodia's energy sector.
Oil and Gas Project Advancement
Advancing the oil and gas project in Cambodia positions Angkor to capitalize on potential hydrocarbon resources, enhancing its market position and contributing to Cambodia's energy independence.
Negative Factors
Financial Instability
The lack of revenue and persistent financial losses highlight ongoing operational difficulties, which could hinder Angkor's ability to sustain its exploration activities and meet financial obligations.
High Leverage
High leverage increases financial risk and limits Angkor's flexibility to invest in new projects or weather economic downturns, potentially impacting long-term sustainability.
Negative Cash Flows
Negative cash flows indicate ongoing cash burn, necessitating reliance on external financing, which could pose liquidity issues and constrain Angkor's operational capabilities.

Angkor Gold (ANK) vs. iShares MSCI Canada ETF (EWC)

Angkor Gold Business Overview & Revenue Model

Company DescriptionAngkor Resources Corp. operates as a mineral, and oil and gas exploration company. The company explores for gold, silver, and copper deposits on its two mineral exploration licenses covering approximately 266 square kilometer land package in Cambodia. It also owns an oil and gas exploration license that covers 7,300 square kilometers in Cambodia. The company was formerly known as Angkor Gold Corp. and changed its name to Angkor Resources Corp. in September 2019. Angkor Resources Corp. was incorporated in 2008 and is based in Sexsmith, Canada.
How the Company Makes MoneyAngkor Gold makes money through its exploration and development activities, primarily by entering into joint ventures and partnerships with other mining companies. These partnerships often involve sharing the costs and risks of exploration while providing Angkor Gold with a percentage of any future revenues or profits generated from successful mineral discoveries and subsequent mining operations. Additionally, the company may earn revenue through the sale or optioning of its exploration licenses to interested parties. Angkor Gold's earnings are significantly influenced by its ability to discover economically viable mineral deposits and the subsequent interest from larger mining companies or investors willing to develop these resources.

Angkor Gold Financial Statement Overview

Summary
Angkor Gold faces significant financial challenges with no revenue generation and persistent losses. High leverage and declining equity raise financial stability concerns, while negative cash flows highlight liquidity risks. The company needs to address its revenue model and manage its debt to improve its financial standing.
Income Statement
8
Very Negative
The income statement reveals significant challenges with zero revenue generation over the periods analyzed. The company consistently reports negative EBIT, EBITDA, and net income, indicating ongoing operational and financial difficulties without any revenue stream to offset expenses.
Balance Sheet
18
Very Negative
The balance sheet shows a high debt-to-equity ratio, indicating substantial leverage and potential financial risk. Stockholders' equity has decreased over time, further emphasizing financial instability. However, there is a noticeable increase in total assets in recent periods, which could be a positive sign if managed effectively.
Cash Flow
22
Negative
The cash flow statement highlights a negative trend in operating and free cash flows, with no positive operating cash flow in recent periods. This suggests ongoing cash burn and reliance on financing activities, which could pose liquidity issues if not addressed.
BreakdownDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue0.000.000.000.000.00
Gross Profit-1.41K0.00-25.95K-31.71K-21.72K
EBITDA-2.85M-1.04M-876.67K-2.58M-5.50M
Net Income-2.87M-621.78K-987.98K-2.71M-5.68M
Balance Sheet
Total Assets7.38M7.53M3.32M3.79M3.59M
Cash, Cash Equivalents and Short-Term Investments896.71K169.58K56.72K606.46K398.22K
Total Debt5.45M5.98M1.83M1.56M1.24M
Total Liabilities7.33M6.35M2.77M2.53M2.16M
Stockholders Equity90.94K1.22M562.24K1.28M1.44M
Cash Flow
Free Cash Flow-719.77K-1.30M-832.68K-1.27M-1.05M
Operating Cash Flow-702.86K-1.11M-779.80K-1.08M-1.01M
Investing Cash Flow235.96K-3.71M-76.81K-979.81K-454.47K
Financing Cash Flow1.19M4.92M311.48K2.30M309.12K

Angkor Gold Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.31
Price Trends
50DMA
0.29
Positive
100DMA
0.27
Positive
200DMA
0.23
Positive
Market Momentum
MACD
0.02
Negative
RSI
61.71
Neutral
STOCH
54.55
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ANK, the sentiment is Positive. The current price of 0.31 is below the 20-day moving average (MA) of 0.33, above the 50-day MA of 0.29, and above the 200-day MA of 0.23, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 61.71 is Neutral, neither overbought nor oversold. The STOCH value of 54.55 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:ANK.

Angkor Gold Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
54
Neutral
C$75.43M-30.34-24.87%60.96%
51
Neutral
C$66.89M-16.99-351.37%-379.07%
50
Neutral
C$54.04M-19.05-3699.15%-2000.00%
48
Neutral
C$45.14M-16.47-16.97%
44
Neutral
C$51.13M-24.65-141.64%35.45%
39
Underperform
C$67.97M-23.8522.62%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:ANK
Angkor Gold
0.35
0.25
250.00%
TSE:BRAU
Big Ridge Gold
0.27
0.19
217.65%
TSE:IVS
Inventus Mining
0.28
0.19
211.11%
TSE:UGD
Unigold
0.18
0.07
75.00%
TSE:KLDC
Warrior Gold Inc
0.28
0.24
600.00%
TSE:ROS
RosCan Gold
0.16
0.11
210.00%

Angkor Gold Corporate Events

Business Operations and StrategyM&A TransactionsShareholder Meetings
Angkor Resources Strikes $4.8 Million Deal to Divest Saskatchewan Oil Interest
Positive
Jan 5, 2026

Angkor Resources Corp. has signed a definitive agreement to sell its 40% participating interest in the Evesham Macklin oil and gas assets in Saskatchewan for $4.8 million to an arm’s length purchaser, with closing expected on January 30, 2026, and a staged payment structure that includes application of a $3.8 million loan previously advanced by the buyer. The transaction, which transfers profit entitlements and operating and capital commitments on the assets effective October 1, 2025, remains subject to shareholder approval at the company’s January 29, 2026 annual meeting and required stock exchange regulatory approvals, and reflects an ongoing reshaping of Angkor’s Canadian oil and gas portfolio within its broader cross-border resource and energy strategy.

The most recent analyst rating on (TSE:ANK) stock is a Hold with a C$0.32 price target. To see the full list of analyst forecasts on Angkor Gold stock, see the TSE:ANK Stock Forecast page.

Business Operations and StrategyM&A Transactions
Angkor Resources to Sell Saskatchewan Oil Interest to Fund Cambodian Expansion
Positive
Dec 21, 2025

Angkor Resources has signed a binding letter of intent to sell its 40% participating interest in the Evesham Macklin oil and gas lands in Saskatchewan for $4.8 million, with closing targeted for January 31, 2026. The buyer, which previously loaned $3.8 million to fund Angkor’s acquisition of the asset, will apply the outstanding loan against the purchase price alongside staged cash payments, and will assume profit entitlements and capital commitments from October 1, 2025. Management says the divestiture, which involves no finders’ fees or equity dilution, is aimed at redeploying net proceeds into advancing Cambodian oil, gas, gold and copper projects, including drill targeting on Block VIII following a promising seismic program that has identified multiple drilling prospects. The company plans to use the strengthened balance sheet and single-country focus to build an attractive platform for potential sale or merger opportunities, positioning itself around what it hopes will become Cambodia’s first commercial onshore hydrocarbons discovery, supported by a pipeline of gold and copper prospects.

Business Operations and StrategyProduct-Related Announcements
Angkor Resources Unveils New Gold Prospect in Cambodia Amid Regional Tensions
Positive
Dec 10, 2025

Angkor Resources Corp. has identified a new gold target, CZ Gold, on the Andong Meas exploration license in Cambodia. This discovery, based on artisanal mining activities and geological assessments, includes a quartz stockwork and historical workings. The company plans to conduct surface trenching and sampling in early 2026 to further explore the potential of this gold prospect. Despite regional border conflicts, the company’s operations in the affected areas are on hold, but the Andong Meas site remains unaffected. This development could enhance Angkor’s positioning in the mineral exploration industry, potentially benefiting stakeholders through increased gold exploration activities.

Business Operations and Strategy
Angkor Resources Identifies New Drilling Target in Cambodia
Positive
Dec 4, 2025

Angkor Resources Corp. has identified Mussel Basin as a new target for exploratory drilling on its Block VIII oil and gas license in Cambodia. The seismic data suggests that Mussel Basin is structurally different from other basins in the area, potentially offering shallower drilling targets and higher reservoir porosity. This development is part of Angkor’s ongoing efforts to advance oil and gas exploration in Cambodia, supporting its mission to establish the country as an oil and gas producer.

Business Operations and Strategy
Angkor Resources Partners with Departures Capital for Investor Outreach
Positive
Nov 25, 2025

Angkor Resources Corp. has engaged Departures Capital Inc. to enhance its visibility in the global investment community through a five-month digital marketing and investor outreach campaign. This initiative aims to increase investor engagement and awareness by producing video content, developing an investor landing page, and leveraging social media platforms. The contract, valued at US$25,000, signifies Angkor’s strategic efforts to bolster its market presence and attract potential investors, aligning with its broader goals in mineral and energy solutions across its operational regions.

Business Operations and Strategy
Angkor Resources Advances Andong Bor Drill Core Analysis
Positive
Nov 20, 2025

Angkor Resources Corp. has announced further analysis and conclusions on the drill core from its Andong Bor license in Cambodia. The recent drilling has revealed significant copper mineralization within the sedimentary rocks, with increased assay values near the reactive wallrock. This discovery will influence the design of future drilling programs, potentially leading to shallower and more mineralized intercepts, with plans to continue drilling into 2026.

Business Operations and StrategyPrivate Placements and Financing
Angkor Resources Secures TSX Approval for Debt Settlement via Shares
Positive
Oct 31, 2025

Angkor Resources Corp. received approval from the TSX Exchange for a ‘shares for debt’ transaction, allowing the company to issue shares and warrants to settle $1,922,800 of debt. This transaction reduces Angkor’s debt and strengthens its financial position, potentially enhancing its market standing and operational flexibility. The issuance includes 9,156,190 shares and 4,131,667 warrants, with specific conditions for warrant exercise, indicating a strategic move to manage financial obligations and optimize shareholder value.

Business Operations and StrategyM&A Transactions
Angkor Resources Finalizes Sale of Oyadao North License in Cambodia
Positive
Oct 24, 2025

Angkor Resources Corp. has finalized the sale of its mineral rights on the Oyadao North license in Ratanakiri, Cambodia, to Almighty Natural Resources, receiving $325,000 US and a 4% Net Smelter Royalty on future production revenue. This sale allows Angkor to focus on its priority projects, including onshore oil and gas exploration in Block VIII and its remaining mineral licenses in Cambodia.

Business Operations and Strategy
Angkor Resources Advances Drilling Plans in Cambodia
Positive
Oct 21, 2025

Angkor Resources Corp. has announced plans to advance exploratory drilling on Block VIII in Cambodia, following promising seismic data that revealed significant closed anticlines in the South Bokor and Central Bokor sections. The company is preparing to drill multiple exploratory wells in 2026, marking a significant step towards developing Cambodia’s first onshore oil and gas resource. This development could position Angkor Resources as a key player in the region’s emerging energy sector, with potential implications for stakeholders interested in the untapped hydrocarbon systems of Cambodia.

Business Operations and Strategy
Angkor Resources Identifies Second Drill Target in Cambodia
Positive
Oct 15, 2025

Angkor Resources Corp. announced that its subsidiary, EnerCam Resources, has identified a second drill target in the Central Bokor Basin on Block VIII in Cambodia. This discovery follows the completion of a 2-D seismic program and highlights the potential for significant oil and gas exploration in the region. The identification of two anticlines with clear drilling targets is seen as a positive development for EnerCam, as it continues to process and interpret seismic data to expand its drilling plans.

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.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Dec 30, 2025