Cassiar Gold (GLDC) AI Stock Analysis

• Market Cap: C$29.61M
• Dividend Yield: N/A
• Average Volume (3M): 149.92K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.44
• Revenue Growth: N/A
• EPS Growth: -307.23%
• Country: CA
• Employees: 7
• Sector: Basic Materials
• Sector Strength: 66
• Industry: Gold
• EPS (TTM): >-0.01
• Shares Outstanding: 128,731,000
• 10 Day Avg. Volume: 259,669
• 30 Day Avg. Volume: 149,918
• PEG Ratio: 0.59
• Price to Book (P/B): 1.09
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -3.42
• 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

• Rating: 43 Neutral
• Price Target: ―

Cassiar Gold's overall stock score reflects significant financial challenges, with negative profitability and cash flow issues being predominant concerns. The technical analysis shows a neutral outlook, while the absence of earnings and dividends weakens its valuation. However, recent corporate events suggesting potential resource expansion offer some optimism for future growth.

Cassiar Gold Business Overview & Revenue Model

Company Description

Cassiar Gold Corp. engages in the acquisition, exploration, and development of mineral properties. It holds interest in the Cassiar gold project that covers 59,000 hectares of mineral claims located in northern British Columbia; and the Sheep Creek gold district project comprising Bayonne and Sheep Creek properties situated in Salmo, British Columbia. The company was formerly known as Margaux Resources Ltd. and changed its name to Cassiar Gold Corp. in September 2020. Cassiar Gold Corp. was incorporated in 2009 and is based in Calgary, Canada.

How the Company Makes Money

Cassiar Gold Corp generates revenue primarily through the exploration and potential development of its gold mining projects. The company's key revenue streams include the discovery and expansion of gold resources which can attract investments, partnerships, and potential future earnings from gold production. Significant factors contributing to its earnings include successful exploration results, which can increase the value of its assets, and strategic partnerships or joint ventures with other mining companies. These partnerships can provide necessary funding and technical expertise to advance its projects towards production. Additionally, fluctuations in gold prices and favorable regulatory environments can also impact the company's revenue potential.

Cassiar Gold Financial Statement Overview

Summary

Cassiar Gold faces significant financial challenges with consistent negative profitability and lack of revenue generation. While the balance sheet shows low leverage and a solid equity base, the absence of revenue and negative cash flows highlight operational inefficiencies and sustainability concerns. The company needs to focus on developing revenue streams and improving operational efficiency to enhance its financial health.

Income Statement

Cassiar Gold's income statement reveals significant challenges with profitability and growth as evidenced by negative gross profit, negative net income, and lack of revenue. The company has not generated any revenue, which is a critical concern for long-term viability. EBIT and EBITDA margins are negative, indicating operational inefficiencies. Overall, the financial health of the income statement is weak with no visible revenue growth trajectory.

Balance Sheet

The balance sheet shows moderate stability with a positive equity position but is characterized by a lack of revenue-generating assets. The debt-to-equity ratio is low, suggesting minimal leverage, which can be a positive aspect. However, the return on equity is negative due to recurring losses. The equity ratio is relatively strong, indicating that the company is primarily financed by equity rather than debt, which reduces financial risk but does not compensate for the lack of profitability.

Cash Flow

Cash flow analysis indicates negative operating cash flow, which is concerning as it suggests the company is not generating sufficient cash from operations. Free cash flow is also negative, reflecting challenges in sustaining operations without external financing. However, the financing cash flows show an influx of cash, possibly from new equity or debt, which may provide short-term liquidity but does not solve underlying profitability issues.

Breakdown
TTM	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
-155.72K	0.00	-202.56K	-81.84K	-61.26K	-30.59K
	EBIT
-2.59M	-2.83M	-2.52M	-3.07M	-1.60M	-1.88M
	EBITDA
-9.25M	-8.56M	-1.54M	-3.00M	-1.51M	-2.40M
	Net Income Common Stockholders
-8.40M	-7.53M	-1.74M	-2.42M	-2.56M	-2.63M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
3.68M	4.94M	4.50M	8.59M	3.47M	1.96M
	Total Assets
15.04M	16.49M	46.30M	38.33M	22.10M	9.01M
	Total Debt
41.20K	64.79K	63.11K	151.70K	0.00	92.86K
	Net Debt
-3.63M	-4.87M	-4.44M	-8.44M	-3.47M	-1.87M
	Total Liabilities
3.98M	4.57M	5.34M	4.98M	3.24M	767.49K
	Stockholders Equity
11.06M	11.92M	40.96M	33.35M	18.87M	8.24M
Cash Flow		Free Cash Flow
-6.68M	-8.16M	-13.77M	-10.63M	-7.70M	-3.01M
	Operating Cash Flow
-7.83M	―	―	-108.61K	-2.01M	-1.18M
	Investing Cash Flow
1.11M	-6.00K	―	-10.63M	-5.82M	-1.83M
	Financing Cash Flow
6.90M	8.60M	9.68M	15.85M	9.35M	4.84M

Cassiar Gold Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.26
• 50DMA: Positive
• 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:GLDC, the sentiment is Positive. The current price of 0.26 is above the 20-day moving average (MA) of 0.25, above the 50-day MA of 0.23, and above the 200-day MA of 0.22, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 55.89 is Neutral, neither overbought nor oversold. The STOCH value of 25.76 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:GLDC.

Cassiar Gold Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EDG	57 Neutral	C$34.38M	―	-4.54%	―	―	75.00%
Sector *	51 Neutral	$1.99B	-1.26	-21.11%	5.30%	2.92%	-30.46%
FOR	47 Neutral	C$40.64M	―	-7.24%	―	―	1.25%
GLDC	43 Neutral	C$29.61M	―	-34.11%	―	―	-307.23%
WHN	43 Neutral	C$35.92M	―	-5.30%	―	―	11.76%
BTLLF		$22.87M	―	-41.17%	―	―	―
RDGMF		$18.83M	―	-9.66%	―	―	―

Cassiar Gold Corporate Events

Cassiar Gold Unveils New Exploration Targets at Cassiar North

Cassiar Gold Corp. has announced promising results from its 2024 exploration program at the Cassiar North project area, identifying new mineralization trends and multiple exploration targets. The field campaign, which included geological mapping and sampling, revealed high-grade gold samples and expanded known mineralized zones, supporting the potential for a larger mineralized footprint. The company plans to refine drill targets in these high-priority zones, potentially enhancing its resource base and industry positioning.

Spark’s Take on TSE:GLDC Stock

According to Spark, TipRanks’ AI Analyst, TSE:GLDC is a Neutral.

Cassiar Gold’s overall stock score reflects significant financial challenges, with negative profitability and cash flow issues being predominant concerns. However, the potential for expanded gold resources from positive drill results provides a promising outlook. Technical analysis is neutral, and valuation is weak due to negative earnings. The company’s ability to capitalize on resource expansions will be crucial for future performance.

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