FireFox Gold (FFOX) AI Stock Analysis

• Market Cap: C$23.76M
• Dividend Yield: N/A
• Average Volume (3M): 12.50K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.82
• Revenue Growth: N/A
• EPS Growth: -47.82%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): -0.11
• Shares Outstanding: 38,327,225
• 10 Day Avg. Volume: 15,228
• 30 Day Avg. Volume: 12,501
• PEG Ratio: 0.53
• Price to Book (P/B): 37.09
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -32.95
• 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: 49 Neutral
• Price Target: C$0.66 ▲(39.79% Upside)

The score is primarily held back by weak financial performance (no revenue, ongoing losses, and continued cash burn despite being debt-free). Technical indicators are comparatively supportive with positive trend/momentum, but valuation remains pressured due to negative earnings and no dividend support.

Positive Factors

Debt-free balance sheet

No debt materially lowers financial risk and preserves strategic optionality for a development-stage gold company. Over the next 2–6 months this reduces bankruptcy and interest pressure, making it easier to allocate capital to exploration or wait for non-dilutive funding opportunities.

Improved equity capitalization

A larger equity base strengthens the company’s runway and reduces immediate refinancing urgency. For a pre-revenue miner, improved capitalization supports ongoing exploration and development programs over coming months and lowers the probability of emergency dilutive financings.

Trend of narrowing historical losses

A multi-year reduction in net losses signals improving cost discipline or operational efficiency. If sustained, this trend can extend the company’s cash runway, reduce future funding needs, and improve the odds of reaching a development milestone within a medium-term horizon.

Negative Factors

Pre-revenue business model

Being pre-revenue means no internal cash generation and continued dependency on external financing to fund operations. Over 2–6 months this structural cash shortfall increases execution risk and creates uncertainty about the timing of any commercial or production milestones.

Persistent negative cash flow

Consistent negative operating and free cash flow indicate ongoing cash burn and a reliance on new capital. This structural weakness tends to force dilution, constrain discretionary spending on exploration, and heighten financing risk over the medium term.

Deeply negative returns on equity

A ~-120% ROE reflects capital destruction and poor economic returns on invested equity. Persistently negative ROE undermines long-term investor confidence and suggests the current business model and asset base have not yet demonstrated the ability to generate shareholder value.

FireFox Gold Business Overview & Revenue Model

Company Description

FireFox Gold Corp. engages in the exploration and development of gold deposits in Finland. Its flagship properties include the Jeesio project covering approximately 142 square kilometers located in Lapland; and the Mustajarvi project covering 1.5 square kilometers situated in northern Finland. The company was formerly known as Silverstone Resources Corp. and changed its name to FireFox Gold Corp. in August 2017. FireFox Gold Corp. was incorporated in 2017 and is based in Vancouver, Canada.

How the Company Makes Money

FireFox Gold Corp. makes money primarily through the exploration and potential development of gold deposits. The company invests in identifying and acquiring mineral rights in promising geological areas, conducting exploration activities to assess the potential for economically viable gold deposits. If exploration efforts are successful, FireFox Gold can generate revenue by entering into joint ventures or selling its interests in mineral properties to larger mining companies. Additionally, the company can raise funds through equity financing to support its exploration activities. Significant partnerships with other mining companies or investors can also contribute to its financial resources, although specifics on these partnerships are not available.

FireFox Gold Financial Statement Overview

Summary

Development-stage profile with no revenue and persistent losses. Positives include a debt-free balance sheet and improved equity capitalization, but operating and free cash flow remain negative, indicating continued reliance on external funding.

Income Statement

The company remains pre-revenue (revenue is 0 across the annual periods and TTM (Trailing-Twelve-Months)), with persistent operating losses. Losses improved versus earlier years (net loss narrowed from about -5.3M in 2021 to about -2.1M in 2024), but TTM (Trailing-Twelve-Months) net loss widened again to about -3.3M, indicating renewed spending pressure. Negative gross profit and consistently negative earnings reflect ongoing development-stage economics and weak near-term profitability visibility.

Balance Sheet

The balance sheet shows no debt in the periods provided, which materially reduces financial risk and provides flexibility. Equity increased sharply to ~6.7M in TTM (Trailing-Twelve-Months) from ~1.8M in 2024, suggesting improved capitalization. However, returns on equity are deeply negative (roughly -120% ROE in both 2024 and TTM (Trailing-Twelve-Months)) due to ongoing losses, which continues to erode economic value despite the stronger capital base.

Cash Flow

Cash generation remains a key weakness: operating cash flow and free cash flow are consistently negative, including about -1.5M in TTM (Trailing-Twelve-Months). The cash burn rate has improved versus 2022–2023 (when free cash flow was ~-4.1M and ~-2.6M, respectively), and TTM (Trailing-Twelve-Months) free cash flow is better than 2024, but the business still relies on external funding given the lack of revenue and ongoing operating outflows.

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	-16.86K	-19.96K	-25.25K	-32.77K	-38.53K	0.00
EBITDA	-3.29M	―	-2.88M	-3.55M	-5.25M	-2.79M
Net Income	-3.28M	-2.12M	-3.14M	-3.58M	-5.29M	-2.79M
Balance Sheet
Total Assets	7.81M	2.12M	2.57M	2.23M	3.06M	3.16M
Cash, Cash Equivalents and Short-Term Investments	6.15M	409.74K	1.03M	713.75K	1.58M	2.04M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	1.10M	356.80K	430.10K	262.96K	916.44K	162.45K
Stockholders Equity	6.71M	1.76M	2.14M	1.96M	2.14M	3.00M
Cash Flow
Free Cash Flow	-1.52M	-1.98M	-2.57M	-4.11M	-4.26M	-2.52M
Operating Cash Flow	-1.52M	-1.98M	-2.57M	-4.04M	-4.01M	-2.41M
Investing Cash Flow	0.00	-1.03K	0.00	-69.67K	-254.12K	-110.00K
Financing Cash Flow	6.80M	1.36M	2.89M	3.25M	3.80M	4.32M

FireFox Gold Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.47
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:FFOX, the sentiment is Positive. The current price of 0.47 is below the 20-day moving average (MA) of 0.58, below the 50-day MA of 0.50, and below the 200-day MA of 0.53, indicating a bullish trend. The MACD of 0.04 indicates Negative momentum. The RSI at 55.00 is Neutral, neither overbought nor oversold. The STOCH value of 38.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:FFOX.

FireFox 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%
OMM	50 Neutral	C$22.28M	-7.38	-58.36%	―	―	-23.23%
GSR	50 Neutral	C$23.25M	-1.88	-1027.91%	―	―	-164.32%
FFOX	49 Neutral	C$23.76M	-3.54	-130.54%	―	―	-47.82%
RDU	49 Neutral	C$18.51M	-13.01	-88.09%	―	―	21.15%
NINE	42 Neutral	C$14.39M	-17.19	-26.39%	―	―	54.76%

FireFox Gold Corporate Events

FireFox Gold Hits High-Grade Gold at New Sarvi Target in Lapland

FireFox Gold reported its first high‑grade gold intercept from a new target at the western end of its 100%-owned Sarvi project in Lapland, with drill hole 25SA003 returning 1.75 metres averaging 27.48 g/t gold, including 0.8 metres at 53.50 g/t from 73.4 metres depth, hosted in a sulphide-rich breccia zone. The result confirms a key gold-bearing structure nearly two kilometres from previous drilling and close to the neighbouring Ikkari deposit, positioning Sarvi alongside Mustajärvi and Jeesiö as projects with high-grade gold occurrences and potentially enhancing FireFox’s exploration upside in a district that includes Europe’s largest gold mine, while investors await assays from three additional Sarvi holes and ongoing drilling at Mustajärvi.

The most recent analyst rating on (TSE:FFOX) stock is a Hold with a C$0.52 price target. To see the full list of analyst forecasts on FireFox Gold stock, see the TSE:FFOX Stock Forecast page.

FireFox Gold Expands Mustajärvi Footprint and Uncovers New High-Grade Drill Targets in Lapland

FireFox Gold has identified several new high-potential drill targets at its Mustajärvi Gold Project in Lapland, Finland, based on newly defined gold anomalies from base-of-till sampling and geophysical surveys located well away from previously reported high-grade zones. Notably, a base-of-till sample exceeding 100 g/t gold was discovered in an undrilled area near a key structural intersection about two kilometres southwest of prior drilling, and the company plans to test this and other geophysical anomalies as part of its ongoing 10,000-metre-plus drill campaign. In parallel, FireFox secured a new 4.32 km² exploration reservation area called Vuoma, contiguous with Mustajärvi, which provides exclusive rights to apply for an exploration permit there over the next two years, expanding the project’s footprint and underscoring the potential large-scale nature of the gold system.

The most recent analyst rating on (TSE:FFOX) stock is a Hold with a C$0.44 price target. To see the full list of analyst forecasts on FireFox Gold stock, see the TSE:FFOX Stock Forecast page.

FireFox Gold Settles Director Debt with Cash and Share Issuance

FireFox Gold Corp. has entered a debt settlement agreement with one of its directors to resolve C$142,000 in deferred consulting fees through a combination of C$70,000 in cash and the issuance of 144,000 common shares at a deemed price of C$0.50 per share. The transaction, classified as a related-party deal under securities regulations, falls below the threshold requiring a formal valuation or minority shareholder approval, and the shares will be issued on a private placement basis subject to a four-month hold and TSX Venture Exchange approval, allowing the company to conserve cash while modestly diluting equity as it continues its exploration activities in Finland.

The most recent analyst rating on (TSE:FFOX) stock is a Hold with a C$0.45 price target. To see the full list of analyst forecasts on FireFox Gold stock, see the TSE:FFOX Stock Forecast page.

FireFox Gold Expands High-Grade Zones at Mustajärvi Project

FireFox Gold Corp. has reported significant high-grade drill results from its ongoing diamond drilling program at the Mustajärvi Gold Project in Finland. The results from drill hole 25MJ005, among others, have extended both shallow and deeper high-grade gold zones in the East Zone, indicating a strengthening of the gold system. This development is part of a larger drilling program aimed at expanding and infilling existing mineralized zones, with the potential to enhance the company’s operational capacity and industry positioning.

FireFox Gold Advances Exploration at Sarvi Project in Finland

FireFox Gold Corp. has announced the completion of a small reconnaissance diamond drilling campaign at its Sarvi Project in Lapland, Finland. This project is strategically located near Rupert Resources’ Ikkari gold deposit. The recent drilling aimed to investigate areas with historical anomalous gold results. The company is optimistic about the potential of the Sarvi Project due to favorable geological settings and previous findings. This development is part of FireFox’s broader exploration efforts in the region, which include ongoing drilling campaigns at other sites like Mustajärvi, indicating a strategic focus on expanding their gold exploration footprint in Finland.