Golden Spike Resources Corp (GLDS) AI Stock Analysis

• Market Cap: C$1.77M
• Dividend Yield: N/A
• Average Volume (3M): 71.53K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.03
• Revenue Growth: N/A
• EPS Growth: -6.63%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 67
• Industry: Other Precious Metals
• EPS (TTM): >-0.01
• Shares Outstanding: 58,846,664
• 10 Day Avg. Volume: 40,469
• 30 Day Avg. Volume: 71,531
• PEG Ratio: -0.42
• Price to Book (P/B): 0.26
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -1.98
• 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: 45 Neutral
• Price Target: ―

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 Business Overview & Revenue Model

Company Description

Golden Spike Resources Corp., an exploration stage company, engages in the acquisition, exploration, and evaluation of mineral properties in Canada. The company explores for gold deposits. It has an option to acquire a 100% interest in the Camping Lake project that includes 5 contiguous mineral claims covering an area of approximately 2,132 hectares located in the Red Lake Mining District, Ontario. The company was incorporated in 2020 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Golden 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 faces challenges typical of early-stage mining companies. The income statement reflects zero revenue and ongoing losses, leading to a low score. The balance sheet is stronger, with no debt and a high equity ratio, but cash flow issues persist due to negative operating and free cash flows.

Income Statement

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

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

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	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00
Gross Profit	0.00	0.00	0.00	0.00	0.00
EBITDA	-819.56K	-288.27K	-53.28K	0.00	0.00
Net Income	-819.56K	-1.08M	-1.37M	-170.13K	-55.21K
Balance Sheet
Total Assets	4.83M	4.30M	4.76M	300.58K	148.94K
Cash, Cash Equivalents and Short-Term Investments	265.35K	168.39K	1.51M	134.38K	105.81K
Total Debt	0.00	0.00	0.00	0.00	0.00
Total Liabilities	96.25K	60.70K	159.09K	107.94K	52.44K
Stockholders Equity	4.74M	4.24M	4.60M	192.64K	96.51K
Cash Flow
Free Cash Flow	-553.54K	-806.98K	-698.19K	-198.34K	―
Operating Cash Flow	-553.54K	-806.98K	-572.55K	-127.39K	―
Investing Cash Flow	-287.01K	-531.63K	487.41K	-70.95K	―
Financing Cash Flow	937.50K	0.00	1.46M	226.92K	―

Golden Spike Resources Corp Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.03
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: 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 0.03 is below the 20-day moving average (MA) of 0.04, below the 50-day MA of 0.03, and below the 200-day MA of 0.07, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 41.69 is Neutral, neither overbought nor oversold. The STOCH value of >-0.01 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$10.28B	9.98	0.11%	2.89%	2.26%	-33.42%
TAI	50 Neutral	C$1.71M	―	-1087.65%	―	―	-17.78%
GLDS	45 Neutral	C$1.77M	―	-16.18%	―	―	-6.63%
CHKKF	―	$1.56M	―	-195.89%	―	―	―
GLHRF	―	$1.28M	28.24		―	―	―
TGLD	46 Neutral	C$1.12M	―	-62.78%	―	―	―
PNGC	28 Underperform	C$2.20M	―		―	―	69.70%

Golden Spike Resources Corp Corporate Events

Golden Spike Unveils Promising Drilling Results at Gregory River

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.