Ashley Gold Corp. (TSE:ASHL)
:ASHL
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Ashley Gold Corp.
(ASHL)
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Rating:49Neutral
Price Target:
C$0.08
â–²(33.33% Upside)
Action:ReiteratedDate:01/14/26
The score is held down primarily by weak financial performance (no revenue, persistent losses, and worsening cash burn), despite low leverage. Technicals are constructive with price above major moving averages, but elevated stochastic readings add near-term pullback risk. Valuation cannot be evaluated with the provided metrics, limiting upside support in the score.
Positive Factors
Low leverage / modest debt
Modest debt and low reported leverage reduce interest burdens and preserve borrowing capacity, giving management durable flexibility to fund operations or bridge to commercialization. This structural debt profile lowers immediate solvency risk even as revenues are absent.
Negative Factors
Pre-revenue status and recurring losses
Absence of revenue over multiple years with persistent operating losses signals the business model is not yet commercially proven. Over the medium term this constrains reinvestment, weakens operating leverage, and makes sustainable profitability uncertain without structural changes or successful product commercialization.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / modest debt
Modest debt and low reported leverage reduce interest burdens and preserve borrowing capacity, giving management durable flexibility to fund operations or bridge to commercialization. This structural debt profile lowers immediate solvency risk even as revenues are absent.
Read all positive factors
Ashley Gold Corp. (ASHL) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$3.86M
Dividend YieldN/A
Average Volume (3M)410.95K
Price to Earnings (P/E)―
Beta (1Y)2.05
Revenue GrowthN/A
EPS GrowthN/A
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)N/A
Shares Outstanding64,375,755
10 Day Avg. Volume542,841
30 Day Avg. Volume410,952
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)<0.01
Price to Sales (P/S)0.00
P/FCF Ratio>-0.01
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
Ashley Gold Corp. Business Overview & Revenue Model
Company Description
Ashley Gold Corp. engages in the acquisition, exploration, and development of mineral properties in Canada. It has an option to acquire a 100% interest in the Ashley gold property that includes 115 mineral claims covering an area of approximately ...
Ashley Gold Corp. Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
54
Neutral
Cash Flow
18
Very Negative
| 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 | -659.87K | -360.00 | -475.11K | 0.00 | 0.00 | 0.00 |
| Net Income | -889.17K | -754.00 | -1.25K | -293.07K | -215.51K | ― |
Balance Sheet | ||||||
| Total Assets | 1.05M | 538.28K | 589.37K | 990.48K | 474.08K | 197.56K |
| Cash, Cash Equivalents and Short-Term Investments | 6.47K | 17.10K | 22.17K | 263.32K | 93.75K | 1.99K |
| Total Debt | 56.29K | 18.90K | 20.37K | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 179.45K | 132.77K | 147.59K | 38.28K | 34.66K | 210.05K |
| Stockholders Equity | 870.56K | 405.51K | 441.78K | 952.20K | 439.42K | -12.49K |
Cash Flow | ||||||
| Free Cash Flow | -335.85K | -547.07K | -956.80K | -600.51K | -243.07K | -270.00 |
| Operating Cash Flow | -393.27K | -450.58K | -677.92K | -335.56K | -122.73K | -22.00 |
| Investing Cash Flow | -286.96K | -254.50K | -278.88K | -264.94K | -120.34K | -248.00 |
| Financing Cash Flow | 680.14K | 700.02K | 715.65K | 770.08K | 334.83K | 275.00 |
Ashley Gold Corp. Technical Analysis
Negative
0.06
Price Trends
0.07
Negative
0.07
Negative
0.06
Negative
Market Momentum
>-0.01
Positive
39.57
Neutral
44.44
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ASHL, the sentiment is Negative. The current price of 0.06 is below the 20-day moving average (MA) of 0.07, below the 50-day MA of 0.07, and below the 200-day MA of 0.06, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 39.57 is Neutral, neither overbought nor oversold. The STOCH value of 44.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:ASHL.
Ashley Gold Corp. 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% | |
52 Neutral | C$7.41M | -1.25 | ― | ― | ― | -495.41% | |
49 Neutral | C$3.86M | -2.56 | -81.50% | ― | ― | ― | |
45 Neutral | C$3.67M | -11.88 | ― | ― | ― | -20.83% | |
41 Neutral | C$4.42M | -1.72 | -4.44% | ― | ― | ― |
* Basic Materials Sector Average
TSE:ASHL
Ashley Gold Corp.
0.06
>-0.01
-8.33%
TSE:GNG
Golden Goliath Resources
0.18
0.12
200.00%
TSE:GOR
Goldrea Resources
0.03
<0.01
50.00%
TSE:NEV
Nevada Sunrise Gold
0.04
0.02
75.00%
TSE:ROAD
Mineral Road Discovery
0.11
-0.05
-30.00%
TSE:SAO
South Atlantic Gold
0.08
0.06
400.00%
Ashley Gold Corp. Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Ashley Gold Launches Up to $2 Million LIFE Financing to Fund Aggressive Drilling at Tak Patents
Positive
Jan 26, 2026
Ashley Gold Corp. has launched a non-brokered equity financing of up to $2 million under the Listed Issuer Financing Exemption, combining a charity flow-through offering priced at $0.11 per unit and a concurrent hard-dollar offering at $0.08 per u...
Business Operations and StrategyRegulatory Filings and Compliance
Ashley Gold President Increases Stake Above 10% Following Tak Patent Transaction
Positive
Jan 14, 2026
Ashley Gold Corp. has disclosed that President Noah J. Komavli has filed an updated Early Warning Report after a recent Tak Patent-related securities issuance pushed his ownership above the 10% threshold of the company’s common shares. Follo...
Business Operations and Strategy
Ashley Gold Eliminates NSRs on Key Dryden Projects as Howie Core Cutting Advances
Positive
Jan 8, 2026
Ashley Gold Corp. has begun core cutting on its 2025 drill program at the Howie Project and has reached an agreement to reduce the net smelter return royalties on both the Howie Project and the Burnthut Main Block to zero through the issuance of 4...
Business Operations and StrategyM&A Transactions
Ashley Gold Expands Dryden Footprint With All-Stock Tak Patents Acquisition
Positive
Jan 6, 2026
Ashley Gold Corp. is acquiring 100% of the Tak Patents in an all-stock transaction, expanding its land position southwest of its Burnthut project and directly adjoining NexGold Mining’s Goliath Gold Complex in Ontario’s Dryden Gold Bel...
Business Operations and StrategyM&A Transactions
Ashley Gold Eyes Strategic Tak Patents Acquisition Near Burnthut and Goliath Complex
Positive
Dec 29, 2025
Ashley Gold Corp. has secured a two-week exclusive due diligence period to evaluate the acquisition of the Tak Patents, a ~100-hectare block of patented land adjoining NexGold Mining Corp.’s Goliath Gold Complex and located southwest of Ashl...
Business Operations and StrategyExecutive/Board ChangesM&A TransactionsPrivate Placements and Financing
Ashley Gold Marks Transformational 2025 With High-Grade Results, Capital Raises and Portfolio Expansion
Positive
Dec 22, 2025
In 2025, Ashley Gold Corp. executed an aggressive growth and exploration strategy, raising nearly $950,000, expanding its land position with four claim additions and the Icefield project acquisition, and divesting non-core properties, while runnin...
Business Operations and Strategy
Ashley Gold Corp. Completes Successful Maiden Howie Drill Program
Positive
Dec 17, 2025
Ashley Gold Corp. has completed its maiden Howie drill program near Dryden, Ontario, achieving its objectives on time and on budget. The program revealed significant geological data, including new deformation zones and mineralization patterns with...
Private Placements and Financing
Ashley Gold Corp. Corrects Fundraising Total in Recent Release
Neutral
Dec 16, 2025
Ashley Gold Corp. issued a correction to a previous press release, clarifying that the total funds raised in the final tranche amounted to $241,601.45, instead of the incorrectly stated $214,601.45. This correction does not affect any other figure...
Private Placements and Financing
Ashley Gold Corp. Completes Largest Equity Raise Since IPO
Positive
Dec 16, 2025
Ashley Gold Corp. has successfully closed its private placement financing, raising a total of $506,861.51, which will fund its exploration plans for the first quarter of 2026. This financing marks the largest equity raise since the company’s...
Business Operations and StrategyPrivate Placements and Financing
Ashley Gold Corp. Launches Drilling Program at Howie Project
Positive
Dec 9, 2025
Ashley Gold Corp. has initiated a drilling program at its 100% owned Howie Project in Dryden, Ontario, contracting Rodren Drilling Ltd. for the maiden drill program. This strategic move aims to explore the historic discovery south of the Twilight ...
Business Operations and StrategyPrivate Placements and Financing
Ashley Gold Corp. Advances Exploration with New Financing and Drill Program
Positive
Nov 27, 2025
Ashley Gold Corp. has successfully closed the first tranche of its financing, raising $265,237.56 to fund exploration activities, particularly at its Howie project. This financing will support a scout drill program set to commence in December 2025...
Business Operations and StrategyPrivate Placements and Financing
Ashley Gold Corp. Announces $530,000 Financing for Winter Drill Program
Positive
Nov 13, 2025
Ashley Gold Corp. has announced a $530,000 financing initiative to support its winter drill program, consisting of both flow-through and non-flow-through units. The funds will be allocated for corporate expenses and exploration costs, particularly...
Business Operations and Strategy
Ashley Gold Corp. Unveils High-Grade Gold Findings at Alto-Gardnar Project
Positive
Nov 10, 2025
Ashley Gold Corp. has announced promising results from its recent channel sampling program at the Alto-Gardnar Project in Ontario, revealing high-grade gold assays of up to 130 g/t Au. The discovery of a high-grade vein within a lower grade halo h...
Business Operations and StrategyExecutive/Board Changes
Ashley Gold Corp. Strengthens Board with New Appointment
Positive
Nov 4, 2025
Ashley Gold Corp. has appointed Chris Wolfenberg to its Board of Directors, enhancing its leadership team with his extensive legal and entrepreneurial expertise. This strategic addition is expected to support Ashley Gold’s growth and governa...
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.