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Golden Spike Resources Corp (TSE:GLDS)
:GLDS
Canadian Market

Golden Spike Resources Corp (GLDS) AI Stock Analysis

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Golden Spike Resources Corp

(GLDS)

45Neutral
Golden Spike Resources Corp faces significant challenges due to its early-stage status with no revenue and ongoing losses. However, the strong balance sheet provides some financial stability, and recent positive drilling results at Gregory River offer potential long-term growth prospects. Technical indicators and valuation metrics suggest caution, with bearish trends and unattractive valuation. Overall, the stock scores moderately due to these mixed factors.

Golden Spike Resources Corp (GLDS) vs. S&P 500 (SPY)

Golden Spike Resources Corp Business Overview & Revenue Model

Company DescriptionGolden Spike Resources Corp (GLDS) is involved in the exploration and development of mineral properties, primarily focusing on gold resources. The company operates within the natural resources sector, aiming to identify and capitalize on high-potential mining projects. Its core services include geological surveying, drilling, and the development of mining operations to extract valuable mineral resources.
How the Company Makes MoneyGolden Spike Resources Corp makes money primarily through the exploration and development of gold mining projects. The company's revenue model is based on identifying and acquiring mineral-rich properties, conducting exploration activities to determine the feasibility of profitable extraction, and eventually developing these sites into operational mines. Revenue streams for GLDS include the sale of extracted gold and other precious metals. Additionally, the company may engage in strategic partnerships or joint ventures with other mining firms to share resources and mitigate risks, contributing to its earnings. However, specific financial details or significant partnerships regarding their revenue streams are not publicly available.

Golden Spike Resources Corp Financial Statement Overview

Summary
Golden Spike Resources Corp is in a challenging position typical of early-stage mining companies, with no revenue generation yet and consistent operational losses. Despite a strong balance sheet with no debt, the company faces significant cash flow challenges. Future success is contingent on transitioning from exploration to production, requiring strategic financial and operational management.
Income Statement
10
Very Negative
Golden Spike Resources Corp has reported zero revenue consistently over the years, reflecting the early stage or exploration phase typical in the mining industry. The company exhibits negative EBIT and net income, highlighting ongoing operational losses without revenue to offset costs. The lack of revenue growth and profit margins underscores challenges in achieving profitability.
Balance Sheet
65
Positive
The company maintains a strong equity base relative to its total assets, with a high equity ratio indicating financial stability. With no debt, the company shows low leverage, reducing financial risk. However, the lack of revenue and consistent losses may strain long-term financial health if not addressed by future operational improvements or successful project developments.
Cash Flow
50
Neutral
Operating cash flow remains negative, reflecting ongoing cash outflows from operations. However, the company has been able to secure financing, as seen by positive financing cash flow, supporting its cash position. The free cash flow is negative, emphasizing a need for efficient cash management and potential reliance on external funding.
Breakdown
TTMSep 2023Sep 2022Sep 2021Sep 2020
Income StatementTotal Revenue
0.000.000.000.000.00
Gross Profit
0.000.000.000.000.00
EBIT
-217.77K-727.77K-492.79K-171.77K-55.21K
EBITDA
-1.03M-288.27K-53.28K0.000.00
Net Income Common Stockholders
-910.60K-1.08M-1.37M-170.13K-55.21K
Balance SheetCash, Cash Equivalents and Short-Term Investments
1.72M168.39K1.51M134.38K105.81K
Total Assets
7.35M4.30M4.76M300.58K148.94K
Total Debt
0.000.000.000.000.00
Net Debt
-1.72M-168.39K-1.51M-134.38K-105.81K
Total Liabilities
529.01K60.70K159.09K107.94K52.44K
Stockholders Equity
6.82M4.24M4.60M192.64K96.51K
Cash FlowFree Cash Flow
-905.88K-806.98K-698.19K-198.34K
Operating Cash Flow
-890.88K-806.98K-572.55K-127.39K
Investing Cash Flow
-906.21K-531.63K487.41K-70.95K
Financing Cash Flow
3.44M0.001.46M226.92K

Golden Spike Resources Corp Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.02
Price Trends
50DMA
0.04
Negative
100DMA
0.06
Negative
200DMA
0.13
Negative
Market Momentum
MACD
>-0.01
Positive
RSI
37.55
Neutral
STOCH
-8.33
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GLDS, the sentiment is Negative. The current price of 0.02 is below the 20-day moving average (MA) of 0.03, below the 50-day MA of 0.04, and below the 200-day MA of 0.13, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 37.55 is Neutral, neither overbought nor oversold. The STOCH value of -8.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:GLDS.

Golden Spike Resources Corp Peers Comparison

Overall Rating
UnderperformOutperform
Sector (47)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
63
Neutral
C$726.27M-7.67%68.84%-18.57%
47
Neutral
$2.36B-2.99-21.59%3.58%4.21%-28.54%
45
Neutral
C$1.18M-16.61%29.17%
43
Neutral
C$9.83M1.83-65.05%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:GLDS
Golden Spike Resources Corp
0.02
-0.16
-88.89%
TSE:GTWO
G2 Goldfields Inc
3.02
2.04
208.16%
TSE:PGLD
P2 Gold
0.07
-0.11
-63.89%

Golden Spike Resources Corp Corporate Events

Business Operations and Strategy
Golden Spike Unveils Promising Drilling Results at Gregory River
Positive
Feb 13, 2025

Golden Spike Resources Corp announced the final assay results from their 2024 diamond drilling program at the Gregory River VMS property in Newfoundland. The drilling, conducted at the Steep Brook, Lode 9, and Vein Zone targets, revealed significant copper and gold mineralization, which could enhance the company’s resource base and strengthen its position in the mining sector.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.