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Golden Spike Resources Corp
(GLDS)
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Rating:50Neutral
Price Target:
C$0.05
▲(150.00% Upside)
Action:Reiterated
Date:07/16/26
The score is primarily held back by weak financial performance driven by no revenue, ongoing losses, and persistent cash burn, despite a clean, low-debt balance sheet and improving loss levels. Technicals are supportive due to strong momentum and price above major moving averages, but extremely overbought readings add meaningful near-term risk. Valuation contributes little support because negative earnings and no dividend yield limit traditional valuation anchors.
Positive Factors
Conservative balance sheet (zero debt)
A reported $0 total debt and a 0 debt-to-equity ratio provide durable financial flexibility, lowering liquidity and refinancing risk. This conservative leverage profile makes it easier to pursue exploration or strategic moves via equity or partnership financing without near-term interest burdens.
Negative Factors
Pre-revenue business model
Lack of any reported revenue is a fundamental constraint: the company depends on external financing rather than operating cash flow to fund activities. Without revenue, sustainability and path to profitability remain uncertain and contingent on successful exploration outcomes or financing events.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet (zero debt)
A reported $0 total debt and a 0 debt-to-equity ratio provide durable financial flexibility, lowering liquidity and refinancing risk. This conservative leverage profile makes it easier to pursue exploration or strategic moves via equity or partnership financing without near-term interest burdens.
Read all positive factors
Golden Spike Resources Corp (GLDS) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$2.65M
Dividend YieldN/A
Average Volume (3M)200.13K
Price to Earnings (P/E)―
Beta (1Y)3.33
Revenue GrowthN/A
EPS Growth63.19%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding58,846,664
10 Day Avg. Volume158,677
30 Day Avg. Volume200,127
Financial Highlights & Ratios
PEG Ratio0.07
Price to Book (P/B)0.30
Price to Sales (P/S)0.00
P/FCF Ratio-3.40
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Golden Spike Resources Corp Business Overview & Revenue Model
Company Description
Operating as an exploration-phase enterprise, Golden Spike Resources Corp. specializes in procuring, examining, and appraising mineral prospects throughout Canada, with a core focus on unearthing gold deposits. A significant asset is its option to...
How the Company Makes Money
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Golden Spike Resources Corp Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
66
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Nov 2025 | Nov 2024 | Nov 2023 | Nov 2022 | Nov 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -414.40K | -436.85K | -819.56K | -288.27K | -403.03K | -170.12K |
| Net Income | -417.72K | -436.85K | -819.56K | -1.08M | -931.98K | -170.13K |
Balance Sheet | ||||||
| Total Assets | 6.44M | 6.76M | 4.83M | 4.30M | 4.76M | 300.58K |
| Cash, Cash Equivalents and Short-Term Investments | 119.42K | 538.70K | 265.35K | 168.39K | 1.51M | 134.38K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 35.45K | 195.09K | 96.25K | 60.70K | 159.09K | 107.94K |
| Stockholders Equity | 6.40M | 6.57M | 4.74M | 4.24M | 4.60M | 192.64K |
Cash Flow | ||||||
| Free Cash Flow | -456.21K | -588.85K | -553.54K | -806.98K | -698.19K | -198.34K |
| Operating Cash Flow | -218.09K | -588.85K | -553.54K | -806.98K | -572.55K | -127.39K |
| Investing Cash Flow | -341.91K | -1.64M | -287.01K | -531.63K | 487.41K | -70.95K |
| Financing Cash Flow | 0.00 | 2.50M | 937.50K | 0.00 | 1.46M | 226.92K |
Golden Spike Resources Corp Technical Analysis
Positive
0.02
Price Trends
0.03
Positive
0.03
Positive
0.03
Positive
Market Momentum
<0.01
Negative
64.26
Neutral
41.59
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GLDS, the sentiment is Positive. The current price of 0.02 is below the 20-day moving average (MA) of 0.03, below the 50-day MA of 0.03, and below the 200-day MA of 0.03, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 64.26 is Neutral, neither overbought nor oversold. The STOCH value of 41.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:GLDS.
Golden Spike Resources Corp Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
50 Neutral | C$2.65M | -6.72 | -6.29% | ― | ― | 63.19% | |
46 Neutral | C$1.90M | -2.83 | ― | ― | ― | ― | |
45 Neutral | C$2.39M | -5.88 | -10.28% | ― | ― | 5.88% | |
44 Neutral | C$1.39M | -1.25 | 12.99% | ― | ― | 82.51% | |
41 Neutral | C$3.17M | -3.28 | -16.63% | ― | ― | -67.24% |
* Basic Materials Sector Average
TSE:GLDS
Golden Spike Resources Corp
0.05
0.02
50.00%
TSE:ADD
Arctic Star Exploration
0.01
0.00
0.00%
TSE:LTHM
Idaho Champion Gold Mines Canada Inc
0.01
―
―
TSE:GVR
Grosvenor Resource
0.10
0.02
35.71%
TSE:MMN
Monarca Minerals
0.02
<0.01
50.00%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.