Granada Gold Mine Inc (GGM) AI Stock Analysis

• Market Cap: C$13.21M
• Dividend Yield: N/A
• Average Volume (3M): 511.90K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.10
• Revenue Growth: N/A
• EPS Growth: 4.69%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): N/A
• Shares Outstanding: 165,116,530
• 10 Day Avg. Volume: 517,589
• 30 Day Avg. Volume: 511,904
• PEG Ratio: 0.27
• Price to Book (P/B): -0.30
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -15.31
• 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: 47 Neutral
• Price Target: C$0.08 ▲(97.50% Upside)

The score is held down primarily by very weak financial performance (no revenue, recurring losses, negative cash flow, and negative equity), indicating ongoing reliance on external financing. Technicals are a partial offset as the stock trades well above key moving averages with positive MACD, though overbought readings reduce the technical score. Valuation remains unfavorable due to negative earnings and no dividend support.

Positive Factors

Clear project development focus

Granada Gold is a dedicated exploration/development issuer concentrating resources on advancing a single gold project. A focused development roadmap (resource delineation and technical studies) can create discrete value inflection points (drill results, resource upgrades, studies, JV interest) over months to years.

Favourable mining jurisdiction

The Granada Project sits in Quebec's Abitibi gold belt, a prolific, mining-friendly jurisdiction with established infrastructure, permitting frameworks and service providers. This structural advantage reduces regulatory and execution risk versus remote or politically uncertain jurisdictions.

Reduced cash burn trend

Management has meaningfully lowered operating outflows versus prior peak years, improving near-term runway. Sustained lower cash burn enhances chances to advance studies with less frequent financings and reduces dilution risk if the trend persists over the coming 2–6 months.

Negative Factors

No operating revenue

The company reports zero operating revenue over multiple years, reflecting a pure pre-production profile. Without commercial cash flow, progression to development or sustaining operations depends entirely on external capital or asset monetization, a durable constraint on self-funding.

Deeply negative shareholders' equity

Accumulated deficits and negative equity (≈-$13.6M) signal structural balance sheet weakness. Negative equity limits borrowing capacity, raises creditor risk, and makes future capital raises more dilutive or difficult, undermining long-term financial flexibility.

Persistent negative cash generation

Consistent negative operating and free cash flow—even if reduced—means the company remains dependent on external financing. Over the medium term this creates execution risk, potential dilution from equity raises, and uncertainty about the ability to fund required exploration and development milestones.

Granada Gold Mine Inc Business Overview & Revenue Model

Company Description

Granada Gold Mine Inc., a junior natural resource company, acquires, explores for, and develops mineral properties in Canada. It explores for gold deposits. The company holds 100% interest in the Granada property, which comprises 2 mining leases and 50 mining claims covering an area of 1,474 hectares located in Rouyn-Noranda, Quebec. The company was formerly known as Gold Bullion Development Corp. and changed its name to Granada Gold Mine Inc. in January 2017. The company was incorporated in 1985 and is headquartered in Coquitlam, 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

Very weak fundamentals: no revenue across 2020–2025, persistent net losses, and consistently negative operating/free cash flow. Balance sheet flexibility is limited by deeply negative equity and a shrinking asset base, implying elevated financing/dilution risk despite reduced cash burn versus earlier years.

Income Statement

Across annual periods (2020–2025), the company reports no revenue and consistently negative profitability, with net losses remaining large each year (roughly -$1.8M to -$4.1M). Losses narrowed versus the worst years (2021–2022), but the business still has no demonstrated operating scale, and gross profit has been mostly negative with only a small positive result in 2023.

Balance Sheet

The balance sheet is pressured by deeply negative shareholders’ equity in every year shown (most recently about -$13.6M in 2025), which signals accumulated deficits and weak financial flexibility. Total debt is moderate in absolute terms (~$1.5M in 2025) but sits against a very small asset base (assets fell to ~$0.5M in 2025 from higher levels earlier), increasing refinancing and dilution risk if additional funding is needed.

Cash Flow

Cash generation remains negative, with operating cash flow and free cash flow below zero in each year provided (including about -$0.26M in 2025). A positive is that cash burn has been materially reduced from the very high outflows seen in 2020–2022, but cash flow still does not cover the ongoing net losses, implying continued reliance on external capital.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-39.83K	-39.83K	-36.78K	3.02K	-56.56K	-44.85K
EBITDA	-1.48M	-1.42M	-1.79M	-2.15M	-2.87M	-5.20M
Net Income	-1.82M	-1.82M	-1.93M	-2.88M	-4.08M	-3.63M
Balance Sheet
Total Assets	516.32K	516.32K	851.86K	892.10K	2.22M	3.80M
Cash, Cash Equivalents and Short-Term Investments	48.35K	48.35K	120.96K	134.48K	474.99K	1.83M
Total Debt	1.50M	1.50M	1.39M	1.28M	1.18M	1.77M
Total Liabilities	14.15M	14.15M	13.07M	11.34M	9.81M	9.40M
Stockholders Equity	-13.64M	-13.64M	-12.22M	-10.45M	-7.60M	-5.60M
Cash Flow
Free Cash Flow	-264.62K	-264.62K	-6.26K	-122.75K	-1.86M	-5.49M
Operating Cash Flow	-264.62K	-264.62K	-6.26K	-122.75K	-1.82M	-5.30M
Investing Cash Flow	66.48K	66.49K	0.00	6.00K	-36.18K	92.46K
Financing Cash Flow	200.00K	200.00K	0.00	0.00	1.80M	5.13M

Granada Gold Mine Inc Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.04
• 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:GGM, the sentiment is Positive. The current price of 0.04 is below the 20-day moving average (MA) of 0.06, below the 50-day MA of 0.05, and above the 200-day MA of 0.04, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 59.66 is Neutral, neither overbought nor oversold. The STOCH value of 61.54 is Neutral, 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
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
KORE	49 Neutral	C$15.79M	-8.99	-7091.27%	―	―	-128.42%
GGM	47 Neutral	C$13.21M	-6.56	―	―	―	4.69%
CCMC	47 Neutral	C$18.32M	-1.87	-82.33%	―	―	-31175.00%
PGC	43 Neutral	C$6.92M	-4.62	-341.20%	―	―	-364.29%

Granada Gold Mine Inc Corporate Events

Granada Gold Mine Plans $2.5 Million Private Placement to Fund Quebec Exploration

Granada Gold Mine Inc. has launched a non-brokered private placement of up to 50 million units at $0.05 per unit, aiming to raise as much as $2.5 million, with each unit consisting of one common share and a five-year warrant exercisable at $0.075. The proceeds are earmarked for a resource update, further exploration and general corporate purposes at its flagship Granada Gold Property in Quebec, potentially strengthening the company’s ability to advance its sizable gold resource base and ongoing exploration program, subject to regulatory approvals and customary hold periods on the new securities.

The most recent analyst rating on (TSE:GGM) stock is a Hold with a C$0.10 price target. To see the full list of analyst forecasts on Granada Gold Mine Inc stock, see the TSE:GGM Stock Forecast page.

Granada Gold Hires Investor Relations and Awareness Firms to Boost Market Profile

Granada Gold Mine Inc. has signed one-year service agreements with Departures Capital Inc. and CanaCom Group to bolster its investor relations and market awareness efforts, subject to TSX Venture Exchange acceptance. Departures will provide strategic consulting, investor communications and digital media services for $30,000, while CanaCom will run a $95,000 online awareness campaign, including a video and written company profile on theDeepDive.ca, with all parties confirming they are at arm’s length and hold no interest in Granada Gold’s securities.

The most recent analyst rating on (TSE:GGM) stock is a Hold with a C$0.06 price target. To see the full list of analyst forecasts on Granada Gold Mine Inc stock, see the TSE:GGM Stock Forecast page.

Granada Gold Retires $300,000 Debt Through Share Issuance

Granada Gold Mine Inc. has converted $300,000 of debt owed to certain non-arm’s length creditors into equity by issuing 3,000,000 common shares at a deemed price of $0.10 per share, with the new securities subject to a hold period under Canadian securities laws until May 21, 2026. The shares-for-debt transaction helps clean up the company’s balance sheet as it advances exploration and development of its Granada property in Quebec, potentially improving financial flexibility and positioning the company more favourably with investors while drilling activity remains on pause for technical review and market timing.

The most recent analyst rating on (TSE:GGM) stock is a Hold with a C$0.05 price target. To see the full list of analyst forecasts on Granada Gold Mine Inc stock, see the TSE:GGM Stock Forecast page.

Granada Gold Mine Identifies New Structural Targets to Expand Granada Project Potential

Granada Gold Mine Inc. has released a new structural interpretation for its Granada property that highlights higher structural complexity in the southern part of the site and along east-west extensions, supporting the definition of additional drill targets beyond the five known vein structures. With only about 20% of the two-kilometre east-west mineralized trend explored and the mineralization remaining open at depth, consultants have recommended an updated geological map, integrated LiDAR and magnetic data, and a more robust structural database to refine a 3D model, positioning the company to potentially expand its gold resource and strengthen the long-term development potential of the project.

The most recent analyst rating on (TSE:GGM) stock is a Hold with a C$0.04 price target. To see the full list of analyst forecasts on Granada Gold Mine Inc stock, see the TSE:GGM Stock Forecast page.

Granada Gold Mine Inc. Initiates Comprehensive Structural Analysis to Boost Resource Potential

Granada Gold Mine Inc. has contracted Ronacher McKenzie Geoscience Inc. to conduct a structural analysis of the largely unexplored 5.5-kilometer mineralized structure at its Granada property. With gold prices significantly higher than previous estimates, this analysis could lead to a substantial increase in resource estimates, enhancing the company’s geological understanding and exploration potential. This development could positively impact Granada’s operations and positioning within the gold mining industry.