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

Angkor Gold (ANK) AI Stock Analysis

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Angkor Gold

(ANK)

Rating:40Underperform
Price Target:
Angkor Gold's overall score reflects significant financial difficulties, including no revenue generation, high leverage, and negative cash flows. While technical indicators show some upward momentum, the lack of profitability and dividends impacts its valuation. Recent corporate developments suggest potential growth opportunities, but financial challenges remain a primary concern.

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
20
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
35
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
25
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.
BreakdownTTMSep 2024Sep 2023Sep 2022Sep 2021Sep 2020
Income Statement
Total Revenue-415.63K0.000.000.000.000.00
Gross Profit-415.63K0.00-25.95K-31.71K-21.72K-26.38K
EBITDA-1.59M-1.04M-876.67K-2.58M-5.50M-1.01M
Net Income-2.13M-621.78K-987.98K-2.71M-5.68M-1.23M
Balance Sheet
Total Assets7.19M7.53M3.32M3.79M3.59M8.43M
Cash, Cash Equivalents and Short-Term Investments662.93K169.58K56.72K606.46K398.22K1.59M
Total Debt6.35M5.98M1.83M1.56M1.24M1.02M
Total Liabilities7.76M6.35M2.77M2.53M2.16M1.71M
Stockholders Equity-567.50K1.22M562.24K1.28M1.44M6.72M
Cash Flow
Free Cash Flow-1.51M-1.30M-832.68K-1.27M-1.05M-1.78M
Operating Cash Flow-1.29M-1.11M-779.80K-1.08M-1.01M-1.33M
Investing Cash Flow250.67K-3.71M-76.81K-979.81K-454.47K-450.82K
Financing Cash Flow1.53M4.92M311.48K2.30M309.12K2.99M

Angkor Gold Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.18
Price Trends
50DMA
0.19
Negative
100DMA
0.19
Negative
200DMA
0.14
Positive
Market Momentum
MACD
>-0.01
Positive
RSI
46.04
Neutral
STOCH
46.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ANK, the sentiment is Negative. The current price of 0.18 is below the 20-day moving average (MA) of 0.19, below the 50-day MA of 0.19, and above the 200-day MA of 0.14, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 46.04 is Neutral, neither overbought nor oversold. The STOCH value of 46.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:ANK.

Angkor Gold Peers Comparison

Overall Rating
UnderperformOutperform
Sector (59)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
59
Neutral
C$1.24B-0.06-8.19%5.02%10.83%-22.67%
TSANK
40
Underperform
C$36.31M-791.49%9.23%
C$27.74M-5.04%
TSKTO
54
Neutral
C$50.57M-4.28%41.80%
TSNVO
41
Neutral
C$39.01M-25.75%
TSECR
32
Underperform
C$42.65M-27.94%-550.00%
$25.05M
* Real Estate Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:ANK
Angkor Gold
0.18
0.04
28.57%
TSE:PHNM
Phenom Resources Corp
0.24
-0.26
-52.00%
TSE:ECR
Cartier Resources
0.11
0.05
83.33%
TSE:KTO
K2 Gold
0.33
0.24
266.67%
TSE:NVO
Novo Resources
0.10
0.00
0.00%
GFTRF
Gold'n Futures Mineral Corp.
0.01
0.00
0.00%

Angkor Gold Corporate Events

Business Operations and Strategy
Angkor Resources Advances Oil and Gas Project in Cambodia
Positive
Apr 30, 2025

Angkor Resources Corp.’s subsidiary, EnerCam Resources, is advancing its onshore oil and gas project in Cambodia’s Block VIII, with senior geoscientists moving to Phnom Penh to expedite development. The project is progressing with key milestones, including environmental and seismic assessments, aiming to drill the first wells within 15 months, potentially marking Cambodia’s first onshore hydrocarbon resource.

Spark’s Take on TSE:ANK Stock

According to Spark, TipRanks’ AI Analyst, TSE:ANK is a Underperform.

Angkor Gold’s stock score is heavily impacted by its significant financial difficulties, including no revenue generation, high leverage, and negative cash flows. While recent corporate developments indicate potential growth, these are overshadowed by the company’s immediate financial challenges. Technical analysis and valuation also remain weak, reinforcing a cautious outlook.

To see Spark’s full report on TSE:ANK stock, click here.

Business Operations and Strategy
Angkor Resources Advances Seismic Program for Cambodia’s First Onshore Oil Well
Positive
Apr 23, 2025

Angkor Resources Corp.’s subsidiary, EnerCam Resources, is advancing its 2-D seismic program for the first onshore oil and gas well in Cambodia’s Block VIII. The project involves collaboration with Cambodia’s Ministry of Mines and Energy (MME) through a joint review committee, ensuring that exploration activities meet specific conditions. The seismic program, which exceeds US$500,000, is contingent on the completion and approval of an Environmental Impact Assessment (EIA). EnerCam is taking measures to minimize environmental impact by utilizing existing roadways and ensuring UXO clearance. This initiative marks a significant step in Cambodia’s energy sector, potentially enhancing Angkor’s industry positioning and stakeholder engagement.

Spark’s Take on TSE:ANK Stock

According to Spark, TipRanks’ AI Analyst, TSE:ANK is a Neutral.

Angkor Gold’s overall score reflects significant financial difficulties, including no revenue generation, high leverage, and negative cash flows. While technical indicators show some upward momentum, the lack of profitability and dividends impacts its valuation. Recent corporate developments suggest potential growth opportunities, but financial challenges remain a primary concern.

To see Spark’s full report on TSE:ANK stock, click here.

Business Operations and Strategy
Angkor Resources Assembles Expert Team for Cambodian Oil Project
Positive
Apr 10, 2025

Angkor Resources Corp. has announced the formation of a highly experienced team for its subsidiary EnerCam Resources to lead Cambodia’s first onshore oil and gas project. The team, with over 250 years of collective experience, is expected to enhance the company’s ability to capitalize on the potential of Block VIII, thereby strengthening its position in the energy sector and potentially benefiting stakeholders through successful hydrocarbon exploration.

Spark’s Take on TSE:ANK Stock

According to Spark, TipRanks’ AI Analyst, TSE:ANK is a Underperform.

Angkor Gold presents considerable financial difficulties with no revenue generation, high leverage, and negative cash flows. While technical indicators show upward momentum, the lack of profitability and dividends affects its valuation. However, recent corporate developments suggest potential growth opportunities.

To see Spark’s full report on TSE:ANK stock, click here.

Business Operations and StrategyRegulatory Filings and Compliance
Angkor Resources Advances Oil and Gas Operations in Cambodia
Neutral
Apr 8, 2025

Angkor Resources Corp.’s subsidiary, EnerCam Resources, provided an update to Cambodia’s General Department of Petroleum on its activities in Block VIII, focusing on environmental assessments and seismic programs. The company aims to fast-track drilling operations and ensure compliance with the Production Sharing Agreement, while also planning to hire and train local Khmer people for the petroleum industry. Additionally, Angkor has engaged Hillside Consulting and Media Inc. for a digital marketing campaign to enhance corporate visibility.

Spark’s Take on TSE:ANK Stock

According to Spark, TipRanks’ AI Analyst, TSE:ANK is a Underperform.

Angkor Gold presents considerable financial difficulties with no revenue generation, high leverage, and negative cash flows. While technical indicators show upward momentum, the lack of profitability and dividends affects its valuation. However, recent corporate developments suggest potential growth opportunities.

To see Spark’s full report on TSE:ANK stock, click here.

Executive/Board ChangesBusiness Operations and Strategy
Angkor Resources Strengthens Advisory Board with New Appointment
Positive
Apr 1, 2025

Angkor Resources Corp. has appointed Dr. David Johnson, a seasoned geoscientist with over 30 years of experience, to its Advisory Board. Dr. Johnson’s extensive background in global exploration and production, including significant discoveries and business development, is expected to bolster Angkor’s technical and strategic capabilities. His role will also include serving as the Qualified Person for Angkor’s oil and gas projects, enhancing the company’s technical disclosure and operational oversight. This appointment is part of Angkor’s broader strategy to strengthen its position in the resource optimization sector, particularly in its mineral and energy projects across Canada and Cambodia.

Business Operations and Strategy
Angkor Resources Advances Oil and Gas Exploration in Cambodia
Positive
Mar 26, 2025

Angkor Resources Corp.’s subsidiary, EnerCam Resources, has initiated a 350-kilometer 2-D seismic line program for oil and gas exploration in Cambodia’s Block VIII. This development marks a significant step for Cambodia, which currently imports all its hydrocarbon-based energy, and could potentially lead to domestic energy production, impacting the country’s energy independence and economic growth.

Business Operations and Strategy
Angkor Gold Extends Sampling in Cambodia’s Andong Bor License
Positive
Mar 20, 2025

Angkor Resources Corp.’s subsidiary, Angkor Gold Corp., has extended its soil sampling efforts in the Andong Bor license area in Cambodia, aiming to expand the mineralized zones identified in previous explorations. The recent activities, including a ground magnetic survey and soil augering, have been positively reviewed by provincial authorities, aligning with the company’s strategy to renew its exploration license in August 2025.

Business Operations and Strategy
Angkor Resources Begins Environmental Impact Assessment in Cambodia
Neutral
Mar 18, 2025

Angkor Resources’ Cambodian subsidiary, EnerCam Resources, has initiated an Environmental Impact Assessment (EIA) for its onshore oil and gas license in Block VIII, Cambodia. This assessment, conducted with a local consulting firm, is crucial for establishing baseline environmental data and engaging with local communities, setting the stage for future exploration activities. The EIA is expected to take 2-3 months, during which EnerCam will also conduct seismic studies and engage with stakeholders, including local communities and government departments, to ensure a comprehensive understanding and preparation for upcoming exploration efforts.

Business Operations and Strategy
Angkor Resources Advances Cambodian Onshore Oil and Gas Project
Positive
Mar 12, 2025

Angkor Resources Corp.’s subsidiary, EnerCam Resources Co. Ltd., has received approval to advance its onshore oil and gas project in Cambodia’s Block VIII. This development could significantly impact Cambodia by fostering energy independence, creating jobs, and boosting the economy. The project includes conducting an Environmental Impact Assessment and seismic acquisition, with plans to drill exploratory wells to assess commercial viability.

Private Placements and FinancingBusiness Operations and Strategy
Angkor Resources Forms Strategic Alliance for Cambodian Oil & Gas Project
Positive
Mar 4, 2025

Angkor Resources Corp.’s subsidiary, EnerCam Exploration Ltd., has entered into a strategic alliance with 358140 Alberta Ltd. and EnerCam Resources Co. Ltd. Cambodia to finance and develop Cambodia’s Block VIII onshore oil and gas project. Under the agreement, 358 will fund the project entirely, while EnerCam will operate it, maintaining a 20% interest. The project aims to advance Cambodia’s energy production capabilities using advanced and environmentally friendly technologies, with a phased development plan estimated to cost up to $30 million USD.

Business Operations and Strategy
Angkor Resources Launches Drilling at Wild Boar Prospect in Cambodia
Positive
Feb 20, 2025

Angkor Resources Corp. has started diamond drilling at the Wild Boar prospect in Cambodia’s Andong Meas tenement, targeting gold anomalies identified through recent magnetic surveys and surface samples. The project, which involves partnerships and planned compensation for landowners, is expected to last several weeks and aims to explore significant gold and copper potential, enhancing Angkor’s strategic position in the mining sector.

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: May 01, 2025