Granada Gold Mine Inc (GGM) AI Stock Analysis

• Market Cap: C$4.95M
• Dividend Yield: N/A
• Average Volume (3M): 91.34K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.34
• Revenue Growth: N/A
• EPS Growth: 11.35%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 60
• Industry: Gold
• EPS (TTM): -0.01
• Shares Outstanding: 165,116,530
• 10 Day Avg. Volume: 84,336
• 30 Day Avg. Volume: 91,337
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): -24.40
• P/FCF Ratio: 53.50
• 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

Granada Gold Mine Inc. faces significant financial challenges with zero revenues and negative equity, posing a high insolvency risk. While technical indicators are stable and recent corporate events provide some positive outlook, these factors are insufficient to counterbalance the severe financial instability and unattractive valuation metrics.

Granada Gold Mine Inc Business Overview & Revenue Model

Company Description

Granada Gold Mine Inc. (GGM) is a Canadian-based gold exploration and development company focused on the Granada Gold Property located in Quebec, Canada. Operating within the mining sector, the company is dedicated to the discovery, exploration, and development of gold deposits. GGM aims to develop its assets to increase the value for its shareholders and contribute to the growth of the mining industry in Canada.

How the Company Makes Money

Granada Gold Mine Inc. generates revenue primarily through the exploration and development of its gold mining projects. The company makes money by discovering gold deposits and advancing these projects towards production, which can then be monetized through gold sales or partnerships with larger mining companies. Additionally, GGM may engage in joint ventures or earn royalties from companies that invest in or operate their mining projects. The company's ability to raise capital through equity financing also supports its exploration and development activities, contributing to its potential earnings.

Granada Gold Mine Inc Financial Statement Overview

Summary

Granada Gold Mine Inc. is struggling financially across all major metrics. The absence of revenue, combined with high operational losses, negative equity, and poor cash flow, indicates severe financial distress and potential solvency issues.

Income Statement

The company has reported zero revenues consistently, which is concerning for financial health. There are significant net losses and negative EBIT and EBITDA margins, reflecting operational challenges and inefficiencies in cost management.

Balance Sheet

The balance sheet reveals high leverage with negative stockholders' equity, indicating insolvency risk. The debt-to-equity ratio is undefined due to negative equity, highlighting financial instability. The equity ratio is also negative, showing a lack of assets to cover liabilities.

Cash Flow

Negative operating and free cash flows over multiple periods suggest poor cash management and operational inefficiencies. The company relies heavily on financing activities to sustain operations, posing a risk if external funding becomes unavailable.

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
-18.36K	-36.78K	3.02K	-56.56K	-44.85K	-45.02K
	EBIT
-511.44K	-1.19M	-2.41M	-2.62M	-5.47M	-3.44M
	EBITDA
-1.67M	-1.79M	-2.15M	-2.87M	-5.20M	-3.50M
	Net Income Common Stockholders
-2.00M	-1.93M	-2.88M	-4.08M	-3.63M	-3.70M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
852.08K	120.96K	134.48K	417.94K	193.10K	267.91K
	Total Assets
2.58M	851.86K	892.10K	2.22M	3.80M	996.83K
	Total Debt
1.53M	1.39M	1.28M	1.18M	1.77M	1.62M
	Net Debt
678.23K	1.38M	1.26M	1.05M	1.58M	1.35M
	Total Liabilities
5.07M	13.07M	11.34M	9.81M	9.40M	8.26M
	Stockholders Equity
-2.49M	-12.22M	-10.45M	-7.60M	-5.60M	-7.27M
Cash Flow		Free Cash Flow
-60.53K	-6.26K	-122.75K	-1.86M	-5.49M	-2.15M
	Operating Cash Flow
-60.53K	-6.26K	-122.75K	-1.82M	-5.30M	-2.10M
	Investing Cash Flow
51.49K	0.00	6.00K	-36.18K	92.46K	-50.66K
	Financing Cash Flow
0.00	0.00	0.00	1.80M	5.13M	2.25M

Granada Gold Mine Inc Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.03
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GGM, the sentiment is Positive. The current price of 0.03 is above the 20-day moving average (MA) of 0.03, above the 50-day MA of 0.03, and above the 200-day MA of 0.03, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 54.25 is Neutral, neither overbought nor oversold. The STOCH value of 16.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:GGM.

Granada Gold Mine Inc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WDO	78 Outperform	C$2.53B	18.62	27.15%	―	67.54%	―
OR	70 Outperform	$6.03B	270.82	1.33%	0.80%	6.02%	―
MUX	57 Neutral	$413.14M	3.61	-8.76%	―	4.96%	-182.95%
Sector *	49 Neutral	$1.95B	-1.59	-21.99%	3.77%	0.61%	-27.45%
GGM	22 Underperform	C$4.95M	―	15.80%	―	―	11.35%

Granada Gold Mine Inc Corporate Events

Granada Gold Mine Boosted by Record Gold Prices

Granada Gold Mine Inc. has announced that the recent surge in gold prices has significantly enhanced the potential of its gold deposit, prompting a review of previous resource calculations. The increase in gold prices from $1,260 to $3,324 per ounce since 2017 has improved the resource potential, with the company noting substantial increases in both measured and indicated, as well as inferred gold ounces. This development suggests a promising outlook for Granada’s mining operations, with potential expansion towards historic mining areas, and it underscores the need to update economic parameters to reflect current market conditions.

Spark’s Take on TSE:GGM Stock

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

The overall score for TSE:GGM is low due to significant financial weaknesses, including zero revenue and negative equity, suggesting insolvency risk. Although technical analysis and recent corporate events show some positive aspects, they are overshadowed by financial instability and unattractive valuation metrics.

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

Granada Gold Mine Expands Exploration at Granada East Project

Granada Gold Mine Inc. has announced an expanded exploration initiative at its Granada East Project, targeting historic high-grade gold mineralization. The project aims to integrate modern technology with historical data to enhance exploration efforts in the largely unexplored eastern portion of the property. This strategic move is expected to position the company to make informed exploration decisions, potentially impacting its operational capabilities and market positioning.

Spark’s Take on TSE:GGM Stock

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

The overall stock score is low due to significant financial weaknesses, including zero revenue and negative equity, suggesting insolvency risk. While technical analysis and corporate events show some positive aspects, they are overshadowed by the financial instability and unattractive valuation metrics.

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

Granada Gold Mine Inc. Advances with Custom Milling and Financing Initiatives

Granada Gold Mine Inc. has signed a non-binding memorandum of understanding (MOU) for custom milling of its ore at the Beacon Mill in Quebec. This development is expected to generate revenue for the company, aiding in the continuation of its deep drilling program and potentially increasing its current gold resource. The company also announced a private placement financing to raise up to C$1,000,000, which will support its operations and administrative expenses. The private placement is subject to approval by the TSX Venture Exchange.

Granada Gold Mine Inc. Announces Successful AGM Outcomes

Granada Gold Mine Inc. held its 2025 Annual General Meeting, where all proposed resolutions were approved with over 93.87% shareholder support. Key outcomes included the re-election of directors, re-appointment of auditors, and renewal of the company’s share option plan. The board also appointed officers for the upcoming year, indicating stability and continuity in leadership. These developments are likely to reinforce stakeholder confidence and support the company’s ongoing exploration and development activities.