GoldON Resources (GLD) AI Stock Analysis

• Market Cap: C$4.07M
• Dividend Yield: N/A
• Average Volume (3M): 129.91K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.33
• Revenue Growth: N/A
• EPS Growth: 83.95%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 59
• Industry: Other Precious Metals
• EPS (TTM): -0.02
• Shares Outstanding: 62,575,200
• 10 Day Avg. Volume: 213,371
• 30 Day Avg. Volume: 129,914
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): -6.90
• 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

GoldON Resources is currently facing critical financial issues, including no revenue and continuous losses, which significantly impact its overall score. While technical indicators and strategic corporate events provide some positive outlook, the negative financial and valuation metrics heavily weigh down the stock's performance.

GoldON Resources Business Overview & Revenue Model

Company Description

GoldON Resources Ltd. is a Canada-based mineral exploration company focused on discovering and developing high-value gold and other precious metal deposits. Operating primarily in the mining sector, the company holds a portfolio of properties in the prolific gold-producing regions of Ontario, Canada. GoldON Resources is committed to increasing shareholder value through strategic exploration activities and partnerships.

How the Company Makes Money

GoldON Resources makes money through the exploration and development of mineral properties, primarily targeting gold deposits. The company's revenue model is centered around increasing the value of its mineral assets through exploration activities, which may lead to selling or joint venturing these assets with larger mining companies. Key revenue streams include raising capital through equity financing to fund exploration projects, and potential revenue from property sales or joint ventures if significant mineral resources are discovered. Additionally, partnerships with other mining companies can provide both financial and technical resources to advance exploration and development efforts.

GoldON Resources Financial Statement Overview

Summary

GoldON Resources faces substantial financial difficulties with zero revenue and continuous losses. While the lack of debt reduces leverage risk, declining equity and negative cash flows indicate significant risks to financial health. The company needs strategic changes to improve its financial performance.

Income Statement

GoldON Resources has consistently reported zero revenue across all periods, leading to negative gross profits and net income. The persistent losses indicate significant financial challenges. The company's EBIT and EBITDA margins are negative, reflecting operational inefficiencies and a lack of profitability.

Balance Sheet

The company's balance sheet shows no debt, which is a positive aspect; however, the equity has been declining over time, reducing the equity ratio. The decreasing stockholders' equity and low level of total assets indicate potential risks in financial stability.

Cash Flow

The cash flow statement highlights negative operating and free cash flows, indicating cash burn. While the company has managed to secure financing in some periods, the negative free cash flow to net income ratio suggests inefficient cash management and challenges in covering operational costs.

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
-670.00	-13.55K	-152.00	-188.00	-236.00	-436.00
	EBIT
-497.17K	-326.95K	-360.59K	-348.38K	-654.28K	-935.56K
	EBITDA
-898.06K	-302.72K	-4.74M	-1.14M	-603.91K	-934.26K
	Net Income Common Stockholders
-898.91K	-1.02M	-4.75M	-1.14M	-536.43K	-760.62K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
364.45K	245.90K	116.10K	366.13K	835.68K	941.58K
	Total Assets
2.80M	323.13K	797.01K	4.85M	5.91M	3.07M
	Total Debt
0.00	0.00	0.00	0.00	0.00	0.00
	Net Debt
-329.02K	-244.40K	-76.10K	-345.13K	-798.18K	-941.58K
	Total Liabilities
56.47K	35.50K	93.70K	31.34K	79.34K	302.43K
	Stockholders Equity
2.75M	287.63K	703.31K	4.82M	5.83M	2.77M
Cash Flow		Free Cash Flow
-799.94K	-274.62K	-926.06K	-478.05K	-3.37M	-1.64M
	Operating Cash Flow
-320.88K	-206.89K	-289.17K	-155.45K	-846.93K	-456.88K
	Investing Cash Flow
-485.59K	-24.82K	-596.89K	-297.60K	-2.52M	-1.19M
	Financing Cash Flow
922.00K	400.00K	617.03K	0.00	3.23M	1.83M

GoldON Resources Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.06
• 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:GLD, the sentiment is Positive. The current price of 0.06 is above the 20-day moving average (MA) of 0.05, above the 50-day MA of 0.04, and above the 200-day MA of 0.06, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 57.61 is Neutral, neither overbought nor oversold. The STOCH value of 62.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:GLD.

GoldON Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KNT	81 Outperform	C$3.05B	19.68	26.82%	―	77.93%	236.93%
LIO	55 Neutral	C$95.28M	―	-12.04%	―	3111.09%	-120.48%
Sector *	49 Neutral	$1.95B	-1.50	-22.00%	3.79%	0.66%	-27.40%
PRB	45 Neutral	C$404.99M	―	-109.44%	―	―	10.27%
GLD	34 Underperform	C$4.07M	―	-188.34%	―	―	83.95%

GoldON Resources Corporate Events

Gold Finder Resources Begins Trading on TSX Venture Exchange

Gold Finder Resources Ltd., formerly known as GoldON Resources Ltd., has commenced trading on the TSX Venture Exchange under its new name, while retaining its previous trading symbol. The company has submitted an exploration permit for its 100%-owned Slate Falls property, which has shown promising gold occurrences, marking a significant step in its exploration and development strategy.

Spark’s Take on TSE:GLD Stock

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

GoldON Resources faces significant financial challenges with continuous losses and no revenue. The company’s strategic initiatives, such as rebranding and management changes, offer some potential for future growth. However, the financial instability and negative valuation metrics weigh heavily on the stock, resulting in a low overall score.

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

GoldON Resources Rebrands to Gold Finder Resources

GoldON Resources Ltd. has announced a name change to Gold Finder Resources Ltd., effective April 21, 2025, as part of its strategy to expand its geographic focus beyond northwestern Ontario. This rebranding aligns with the company’s goal to explore new mining-friendly jurisdictions, reflecting its commitment to growth amid rising gold prices.

Spark’s Take on TSE:GLD Stock

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

GoldON Resources faces significant financial challenges with consistent losses and no revenue generation. The company’s recent private placement financing offers some relief, but the overall financial health remains precarious. Technical indicators provide a mixed outlook, while valuation metrics highlight concerns about profitability. The stock is therefore rated at the lower end of the scale, reflecting the substantial risks involved.

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

GoldON Resources Announces Key Management Changes to Drive Exploration Strategy

GoldON Resources Ltd. has announced significant changes in its management and board, appointing Gregory Lytle as the new president, CEO, and director, Glen Wallace as CFO, and Brayden Sutton as director. These appointments follow the resignations of Michael Romanik and Jeff Smulders. The new leadership team brings extensive experience in strategic advice, regulatory compliance, and capital markets, positioning GoldON to leverage the upcoming gold cycle and enhance its exploration efforts.

Spark’s Take on TSE:GLD Stock

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

GoldON Resources faces significant financial challenges with consistent losses and no revenue generation. The company’s recent private placement financing offers some relief, but the overall financial health remains precarious. Technical indicators provide a mixed outlook, while valuation metrics highlight concerns about profitability. The stock is therefore rated at the lower end of the scale, reflecting the substantial risks involved.

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

GoldON Resources Completes $400,000 Private Placement Financing

GoldON Resources Ltd. has successfully closed the final $150,000 tranche of its non-brokered private placement financing, raising a total of $400,000. The funds will be primarily used for work at the company’s Slate Falls Gold-Silver Property and general working capital, with a small portion allocated for investor relations and payments to non-arm’s length parties.

GoldON Resources Secures $250,000 in Initial Financing Tranche

GoldON Resources Ltd. has successfully closed the first $250,000 tranche of its non-brokered private placement financing, issuing 10,000,000 units at $0.025 per unit. The proceeds will primarily fund work at its Slate Falls Gold-Silver Property, with the remainder allocated for general working capital, investor relations, and payments to non-arm’s length parties. This financing is subject to TSX Venture Exchange acceptance and could impact the company’s operational capacity and market positioning by providing necessary funds for exploration and development activities.

GoldON Resources Announces $400,000 Private Placement Financing

GoldON Resources Ltd. has announced a non-brokered private placement financing to raise up to $400,000 through the issuance of up to 16,000,000 units, each priced at $0.025. The proceeds will primarily fund work at the Slate Falls Gold-Silver Property and general working capital, enhancing GoldON’s exploration efforts and positioning in the mineral exploration industry.