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GFG Resources
(GFG)
GFG Resources (GFG) vs. iShares MSCI Canada ETF (EWC)
GFG Resources Business Overview & Revenue Model
GFG Resources Financial Statement Overview
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| -35.52K | -34.90K | -34.77K | -35.85K | -40.98K | -43.17K | EBIT |
| -1.50M | -1.22M | -1.04M | -1.06M | -1.07M | -1.17M | EBITDA |
| 2.08M | -1.03M | -11.74M | -816.00K | -339.00K | -748.00K | Net Income Common Stockholders |
| 1.78M | -1.25M | -11.85M | -860.00K | -391.00K | -807.00K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 5.84M | 2.13M | 3.47M | 1.21M | 1.57M | 7.01M | Total Assets |
| 40.90M | 35.16M | 33.43M | 39.03M | 35.74M | 37.27M | Total Debt |
| 33.88K | 51.40K | 121.94K | 148.25K | 88.13K | 116.61K | Net Debt |
| -5.30M | -2.08M | -3.35M | -1.06M | -1.49M | -6.89M | Total Liabilities |
| 922.69K | 1.45M | 1.29M | 873.22K | 1.04M | 2.43M | Stockholders Equity |
| 39.98M | 33.71M | 32.14M | 38.15M | 34.71M | 34.84M |
| Cash Flow | Free Cash Flow | ||||
| -3.32M | -3.88M | -4.20M | -3.10M | -5.21M | -3.51M | Operating Cash Flow |
| -1.44M | -1.51M | -1.35M | -1.32M | -1.33M | -1.22M | Investing Cash Flow |
| -254.23K | -2.15M | -2.49M | -2.08M | -4.06M | -2.26M | Financing Cash Flow |
| 6.06M | 2.32M | 6.10M | 3.03M | -34.07K | 8.95M |
GFG Resources Technical Analysis
GFG Resources Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
57 Neutral | C$44.64M | 23.58 | 4.81% | ― | ― | ― | |
51 Neutral | $2.04B | -1.21 | -21.10% | 3.95% | 2.90% | -30.45% | |
| C$58.96M | ― | -520.40% | ― | ― | ― | ||
39 Underperform | C$103.15M | ― | -52.45% | ― | ― | -31.18% | |
| $46.14M | ― | ― | ― | ― | |||
| $39.38M | 29.03 | 4.57% | ― | ― | ― | ||
| $50.51M | ― | -18.21% | ― | ― | ― |
GFG Resources Corporate Events
GFG Resources Inc. has successfully closed an oversubscribed private placement financing, raising C$3,000,000. Alamos Gold Inc. has increased its stake in GFG to 10.8% as part of the offering. The funds will bolster GFG’s exploration efforts, particularly in advancing the Aljo Gold Project and other targets in the Timmins Gold District. The company anticipates publishing results from recent drill programs, which are expected to provide valuable insights into their exploration strategy and asset potential.
Spark’s Take on TSE:GFG Stock
According to Spark, TipRanks’ AI Analyst, TSE:GFG is a Neutral.
GFG Resources’ overall score is driven by its exploration phase status, with no revenue yet, which limits its financial performance rating. However, strategic corporate events and stable technical indicators provide a more optimistic outlook. The high P/E ratio suggests future growth expectations, but it also poses valuation risks.
To see Spark’s full report on TSE:GFG stock, click here.
GFG Resources Inc. has issued 1,334,757 common shares to International Explorers and Prospectors Inc. as part of an option agreement to acquire a 100% interest in the WWCC Property, located near Timmins, Ontario. This strategic move enhances GFG’s presence in the Timmins Gold District, potentially strengthening its position in the gold exploration industry and offering growth opportunities for stakeholders.
Spark’s Take on TSE:GFG Stock
According to Spark, TipRanks’ AI Analyst, TSE:GFG is a Neutral.
GFG Resources faces challenges with no revenue and dependence on external financing, which is offset by strategic financial moves and positive momentum in technical indicators. The high P/E ratio suggests caution, but recent corporate events support exploration growth potential.
To see Spark’s full report on TSE:GFG stock, click here.
GFG Resources Inc. has increased its previously announced private placement to C$3.0 million, amending the sale of premium flow-through units to include one common share and one share purchase warrant per unit. This strategic move aims to enhance the company’s financial position and support its exploration activities in the Timmins gold district, potentially impacting its market positioning and offering new opportunities for stakeholders.
Spark’s Take on TSE:GFG Stock
According to Spark, TipRanks’ AI Analyst, TSE:GFG is a Neutral.
GFG Resources shows strong potential with recent financing and exploration successes. However, the lack of revenue and reliance on external funding pose risks. Technical indicators suggest positive momentum, but valuation concerns may deter investors. The company’s strategic actions and high-grade gold findings are significant positives, contributing to the overall score.
To see Spark’s full report on TSE:GFG stock, click here.
GFG Resources Inc. announced a C$2.5 million flow-through private placement to bolster its exploration initiatives. Alamos Gold Inc. will participate in the offering to maintain its 10.8% stake, reflecting confidence in GFG’s strategic direction. The financing positions GFG strongly to capitalize on opportunities, potentially impacting its market position positively. The offering is subject to regulatory approvals and is expected to close by May 2, 2025.
GFG Resources Inc. has acquired strategic claims within its Pen Gold Project, located west of Timmins, Ontario, for a total purchase price of C$4,500, securing 100% ownership. Additionally, the company has granted stock options to its directors and officers, allowing them to purchase up to 3,812,000 common shares, and plans to issue 111,111 common shares to the Apitipi Anicinapek Nation as part of a recent exploration agreement, pending TSX Venture Exchange approval. These strategic moves are expected to bolster GFG’s exploration capabilities and strengthen its position in the gold mining industry.
GFG Resources Inc. has reported promising assay results from its ongoing drilling programs at the Aljo Mine Target, part of its Goldarm Property in Ontario’s Timmins Gold District. The drilling has confirmed high-grade gold intersections and expanded the mineralized zones, particularly in the Hangingwall and Footwall Zones. The company plans to initiate an aggressive follow-up drilling program in the second half of 2025 to further explore these promising zones. Additionally, GFG is advancing its exploration efforts at the Muskego target area, where it aims to make a new greenfield discovery, supported by sonic till sampling and an Induced Polarization survey.