GoldON Resources (GLD) AI Stock Analysis

• Market Cap: C$1.98M
• Dividend Yield: N/A
• Average Volume (3M): 93.69K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.16
• Revenue Growth: N/A
• EPS Growth: 83.95%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 60
• Industry: Other Precious Metals
• EPS (TTM): -0.02
• Shares Outstanding: 56,575,200
• 10 Day Avg. Volume: 71,127
• 30 Day Avg. Volume: 93,691
• 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 scores low due to financial challenges highlighted by consistent losses and lack of profitability. While the absence of debt is a positive, declining equity and negative cash flows are significant concerns. Technical indicators show slight upward momentum, but the stock's valuation remains unattractive. Recent financing provides some operational support but is insufficient for a significant turnaround without revenue generation.

GoldON Resources Business Overview & Revenue Model

Company Description

GoldON Resources (GLD) is a mineral exploration company primarily focused on the acquisition, exploration, and development of properties for precious metals, particularly gold. The company operates in the mining and natural resources sector, actively seeking to expand its portfolio of high-quality mineral assets across Canada. GoldON Resources leverages its expertise in geological assessments to identify promising exploration targets with the potential for significant mineral deposits.

How the Company Makes Money

GoldON Resources generates revenue primarily through the exploration and development of mineral properties, aiming to discover economically viable gold deposits. The company makes money by advancing its exploration projects to a stage where they can be sold, optioned, or joint-ventured with larger mining companies or investors. These partnerships can provide funding for further exploration activities, and GoldON may receive cash payments, shares, or royalties as part of these agreements. Additionally, the company might enhance its financial position by raising capital through equity financing to fund its exploration and operational activities. Success in discovering and proving up viable mineral resources can significantly increase the value of GoldON's properties, attracting potential buyers or partners and thus contributing to its earnings.

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: 0.04
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 0.04 is above the 20-day moving average (MA) of 0.04, above the 50-day MA of 0.04, and below the 200-day MA of 0.06, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 55.28 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, 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	79 Outperform	C$2.98B	18.81	26.82%	―	77.93%	236.93%
LIO	55 Neutral	C$89.33M	―	-12.04%	―	3111.09%	-120.48%
PRB	52 Neutral	C$357.56M	―	-109.44%	―	―	2.31%
Sector *	47 Neutral	$2.64B	-3.21	-21.68%	3.30%	4.19%	-30.23%
GLD	33 Underperform	C$1.98M	―	-188.34%	―	―	83.95%

GoldON Resources Corporate Events

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.