Garibaldi Resources (GGI) AI Stock Analysis

• Market Cap: C$7.56M
• Dividend Yield: N/A
• Average Volume (3M): 33.44K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.31
• Revenue Growth: N/A
• EPS Growth: 71.77%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 57
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 137,502,850
• 10 Day Avg. Volume: 19,610
• 30 Day Avg. Volume: 33,438
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): -182.80
• P/FCF Ratio: 0.00
• 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

Garibaldi Resources faces significant financial challenges, reflected in its lack of revenue and ongoing losses. The technical analysis indicates a bearish trend with the stock trading below key moving averages and approaching oversold levels. The valuation is unattractive with a negative P/E ratio and no dividend yield. These factors combine to result in a low overall stock score.

Garibaldi Resources Business Overview & Revenue Model

Company Description

Garibaldi Resources Corp. (GGI) is a Canadian-based junior exploration company focused on the discovery and development of mineral properties. The company operates primarily in the mining sector, with a particular emphasis on precious and base metals such as nickel, copper, and gold. Garibaldi is actively engaged in exploration projects across British Columbia, with its flagship project being the E&L Nickel Mountain Project located in the Golden Triangle region.

How the Company Makes Money

Garibaldi Resources generates revenue through the exploration and development of its mineral properties. The company primarily makes money by discovering economically viable mineral deposits, which can then be sold or developed into mining operations. This process often involves raising capital through equity financing to fund exploration activities. Garibaldi may also enter into joint ventures or partnerships with other mining companies to share the financial burden and technical expertise required for exploration and development. Additionally, if the exploration results are promising, the company might attract larger mining firms to acquire their properties, thereby providing significant financial returns. However, as a junior exploration company, Garibaldi does not currently generate consistent revenue from mineral production and relies heavily on investment and market conditions to finance its operations.

Garibaldi Resources Financial Statement Overview

Summary

Garibaldi Resources is facing significant financial difficulties. The income statement reflects a lack of revenue and ongoing losses, while the balance sheet shows no debt but accumulated losses. The cash flow statement indicates liquidity challenges with negative cash flows. Overall, the financial outlook is concerning due to reliance on external financing and operational losses.

Income Statement

Garibaldi Resources has consistently reported zero revenue, indicating no operational income streams. High negative EBIT and net income margins reflect substantial ongoing expenses relative to non-existent revenue. The lack of revenue growth is concerning and suggests operational challenges.

Balance Sheet

The company's balance sheet shows a reasonable equity ratio, indicating a stable capital structure with no debt burden. However, the continued accumulation of losses affects shareholders' equity negatively. The absence of debt is a positive aspect, but consistent losses may hamper future financial flexibility.

Cash Flow

Garibaldi Resources has negative operating and free cash flows, indicating cash outflows exceeding inflows. The lack of revenue generation paired with negative cash flow metrics highlights potential liquidity challenges. The company is reliant on external financing to support its operations.

Breakdown
TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
3.94K	-890.00	-47.84K	-48.49K	-49.38K	-50.58K
	EBIT
-432.20K	-644.15K	-462.08K	-1.18M	-712.89K	-2.18M
	EBITDA
-647.01K	-706.63K	-414.24K	-1.98M	-3.05M	-5.53M
	Net Income Common Stockholders
-956.15K	-757.03K	-3.46M	-1.85M	-3.43M	-5.86M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
3.90M	122.11K	2.09M	563.95K	258.14K	6.20M
	Total Assets
13.55M	44.89M	45.43M	43.34M	44.82M	46.03M
	Total Debt
0.00	0.00	0.00	54.00K	108.70K	149.27K
	Net Debt
-336.85K	-122.11K	-2.09M	-509.95K	-149.44K	-6.05M
	Total Liabilities
598.63K	4.96M	5.00M	3.70M	4.10M	3.64M
	Stockholders Equity
12.95M	39.93M	40.42M	39.63M	40.71M	42.38M
Cash Flow		Free Cash Flow
-791.10K	-504.84K	-4.03M	-2.79M	-8.12M	-845.78K
	Operating Cash Flow
-236.41K	-504.84K	-797.42K	-680.23K	-734.71K	-744.71K
	Investing Cash Flow
-566.64K	-1.62M	-2.84M	-2.11M	-7.38M	-11.32M
	Financing Cash Flow
162.00	158.23K	5.17M	3.10M	2.18M	5.74M

Garibaldi Resources Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.06
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GGI, the sentiment is Negative. The current price of 0.06 is above the 20-day moving average (MA) of 0.06, below the 50-day MA of 0.06, and below the 200-day MA of 0.07, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 33.91 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:GGI.

Garibaldi Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TKO	63 Neutral	$821.28M	11.15	-2.74%	―	15.26%	-114.98%
GQC	48 Neutral	C$138.88M	―	-26.93%	―	―	25.41%
Sector *	47 Neutral	$2.35B	-2.91	-21.55%	3.59%	4.17%	-28.20%
GGI	37 Underperform	C$7.56M	―	-2.41%	―	―	71.77%
NVO	36 Underperform	C$31.92M	―	-145.85%	―	―	―
SKE	33 Underperform	C$1.45B	―	-141.24%	―	―	-19.29%
CDB	32 Underperform	C$37.86M	―	-110.18%	―	―	29.90%

Garibaldi Resources Corporate Events

Garibaldi Resources Gains Shareholder Support for Equity Plan

Garibaldi Resources Corp. has announced the re-approval of its 2023 equity incentive plan at their latest annual meeting. This plan includes a 10% rolling allocation for stock options and a fixed number of shares for performance-based awards. The plan is subject to final approval by the TSX Venture Exchange.