Granada Gold Mine Inc (GGM) AI Stock Analysis

• Market Cap: C$13.64M
• Dividend Yield: N/A
• Average Volume (3M): 511.90K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.90
• Revenue Growth: N/A
• EPS Growth: 4.69%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): >-0.01
• Shares Outstanding: 227,265,930
• 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: 45 Neutral
• Price Target: C$0.07 ▲(70.00% Upside)
• Action: Reiterated Date: 02/05/26
• Date: Action: Reiterated 02/05/26

The score is primarily held down by weak financial performance (no revenue, ongoing losses, negative cash flow, and negative equity with shrinking assets). Technicals provide only partial support via longer-term price strength versus key moving averages, while valuation is constrained by a negative P/E and no dividend data.

Positive Factors

Reduced cash burn

The material reduction in cash burn versus 2020–2022 extends the company’s operational runway and lowers near-term financing urgency. That improved cash discipline increases the likelihood management can fund targeted exploration and technical studies long enough to achieve definitional milestones.

Moderate absolute debt

Relatively low nominal debt keeps fixed financing obligations manageable, preserving flexibility for arranging project funding or JV terms. For a pre-production explorer, modest debt reduces immediate insolvency risk compared with highly leveraged peers and eases near-term refinancing pressure.

Project in prolific mining district

Being focused on a project in the Abitibi-Témiscamingue mining district anchors the asset in a proven, investment-friendly jurisdiction. That structural location advantage supports partner/jv interest, access to regional services and talent, and long-term potential for resource conversion or strategic transactions.

Negative Factors

No operating revenue

The absence of operating revenue over multiple years means the company has no internally generated cash to fund development. Persistent losses leave the business fully dependent on external capital, increasing execution risk if equity or project financing dries up and delaying the path to production.

Deep negative equity

Large cumulative deficits and negative shareholders’ equity constrain financial flexibility and reduce creditor confidence. This structural weakness raises the likelihood of dilutive equity raises or onerous financing terms, making it harder to attract non-dilutive partners or favourable JV structures.

Consistent negative cash generation

Ongoing negative operating and free cash flow necessitate repeated external funding to sustain exploration and studies. That reliance increases dilution and execution risk, can delay milestone-driven value creation, and limits the company’s ability to self-fund progression to feasibility or production stages.

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

Financials indicate an early-stage/high-burn profile: no revenue across 2020–2025, recurring net losses, and negative operating/free cash flow. The balance sheet is weak with consistently negative shareholders’ equity and a shrinking asset base, implying limited financial flexibility despite reduced cash burn versus prior 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	Sep 2025	Sep 2024	Sep 2023	Sep 2022	Sep 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00
Gross Profit	-39.83K	-36.78K	3.02K	-56.56K	-44.85K
EBITDA	-1.42M	-1.79M	-2.15M	-2.87M	-5.20M
Net Income	-1.82M	-1.93M	-2.88M	-4.08M	-3.63M
Balance Sheet
Total Assets	516.32K	851.86K	892.10K	2.22M	3.80M
Cash, Cash Equivalents and Short-Term Investments	48.35K	120.96K	134.48K	474.99K	1.83M
Total Debt	1.50M	1.39M	1.28M	1.18M	1.77M
Total Liabilities	14.15M	13.07M	11.34M	9.81M	9.40M
Stockholders Equity	-13.64M	-12.22M	-10.45M	-7.60M	-5.60M
Cash Flow
Free Cash Flow	-264.62K	-6.26K	-122.75K	-1.86M	-5.49M
Operating Cash Flow	-264.62K	-6.26K	-122.75K	-1.82M	-5.30M
Investing Cash Flow	66.49K	0.00	6.00K	-36.18K	92.46K
Financing Cash Flow	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: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• 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 0.06, and below the 200-day MA of 0.04, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 47.74 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 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$24.23M	-7.16	405.04%	―	―	-128.42%
CCMC	47 Neutral	C$26.47M	-2.19	-82.33%	―	―	-31175.00%
GGM	45 Neutral	C$13.64M	-3.18	―	―	―	4.69%
PGC	43 Neutral	C$6.92M	-7.93	-341.20%	―	―	-364.29%

Granada Gold Mine Inc Corporate Events

Granada Gold Mine Clarifies Finder’s Fees and Warrant Terms on Recent Offering

Granada Gold Mine Inc. has clarified the terms of its recently closed share offering, confirming it paid C$135,730 in cash finders’ fees and issued 2,714,600 non-transferable finder’s warrants. Each warrant allows the holder to purchase a share at C$0.075 over five years, aligning the incentives of participating intermediaries with the company’s long-term equity performance.

The company continues to advance its Granada Gold Property in Quebec, where historic underground and bulk sample work demonstrated robust gold grades from multiple mineralized structures. With drilling temporarily paused to analyze data and await better market conditions, the financing structure supports ongoing exploration efforts and may influence shareholder dilution and future capital-raising flexibility.

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 Mine Raises C$2.95 Million in Oversubscribed Private Placement

Granada Gold Mine Inc. has closed an oversubscribed private placement, raising C$2.95 million through the issuance of 58,949,400 units at C$0.05 each, with each unit including a share and a five-year warrant exercisable at C$0.075. The financing, which remains subject to TSX Venture Exchange approval and includes finder fees and warrants, will fund a resource update, exploration, and general corporate purposes at the Granada Gold Property.

An insider, Frank Basa, participated for 4,000,000 units, qualifying as a related-party transaction but exempt from formal valuation and minority approval requirements as it did not exceed 25% of the company’s market capitalization. The raise supports ongoing work on the Granada deposit, which already hosts a substantial NI 43-101 mineral resource in measured, indicated, and inferred categories, underpinning the project’s development potential and signaling continued investor interest despite paused drilling to assess data and market conditions.

The most recent analyst rating on (TSE:GGM) stock is a Hold with a C$0.07 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 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.