Golden Goliath Resources (GNG) AI Stock Analysis

• Market Cap: C$1.15M
• Dividend Yield: N/A
• Average Volume (3M): 32.86K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.54
• Revenue Growth: N/A
• EPS Growth: -419.44%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 75
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 25,448,124
• 10 Day Avg. Volume: 11,649
• 30 Day Avg. Volume: 32,857
• PEG Ratio: N/A
• Price to Book (P/B): 2.69
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -4.31
• 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: 36 Underperform
• Price Target: ―

Golden Goliath Resources' overall stock score is low due to severe financial difficulties, including no revenue and negative cash flows. The technical analysis provides some neutral signals, but the valuation is unfavorable with a negative P/E ratio. These factors collectively paint a challenging outlook for the company.

Golden Goliath Resources Business Overview & Revenue Model

Company Description

Golden Goliath Resources Ltd. is a mineral exploration company primarily engaged in the acquisition, exploration, and development of mineral properties. The company focuses on precious metals, particularly gold and silver, and operates primarily in Mexico. Its core activities involve exploring promising geological regions to identify and develop potential mining sites.

How the Company Makes Money

Golden Goliath Resources makes money through the discovery and development of mineral resources, primarily gold and silver. The company generates revenue by selling or leasing its mining properties to other mining firms or through joint ventures and partnerships. Additionally, Golden Goliath may engage in the direct extraction and sale of minerals if economically viable. Revenue is also influenced by factors such as the market prices of gold and silver, exploration results, and successful partnerships with larger mining companies.

Golden Goliath Resources Financial Statement Overview

Summary

Golden Goliath Resources faces severe financial challenges, with no revenue generation and continuous net losses. Despite having no debt, the company's declining asset base and negative cash flows highlight significant financial instability.

Income Statement

The company has no revenue generation, leading to negative gross profit and significant net losses. EBIT and EBITDA margins are also negative, reflecting operational inefficiencies and lack of profitable activities.

Balance Sheet

The balance sheet shows a stable equity base with zero debt, which is a strong point. However, the declining asset base and stockholders' equity over time indicate potential issues in asset management and capital utilization.

Cash Flow

The company consistently reports negative operating and free cash flows, indicating cash burn without generating cash from operations. The lack of positive free cash flow growth and reliance on financing activities for liquidity is concerning.

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	-5.00K	0.00	0.00	0.00	-298.00	-437.00
EBITDA	-412.33K	―	-435.00K	-486.00K	-990.00K	-542.00K
Net Income	-3.29M	―	-553.00K	-597.00K	-990.00K	-1.06M
Balance Sheet
Total Assets	995.39K	983.64K	4.16M	4.38M	4.83M	4.23M
Cash, Cash Equivalents and Short-Term Investments	9.13K	2.83K	446.85K	995.05K	1.78M	3.03M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	403.13K	332.31K	355.87K	228.00K	362.49K	197.14K
Stockholders Equity	592.26K	651.32K	3.81M	4.15M	4.47M	4.03M
Cash Flow
Free Cash Flow	-265.74K	-535.27K	-281.92K	-1.00M	-2.45M	-1.28M
Operating Cash Flow	-202.05K	-535.27K	-281.92K	-268.95K	-330.28K	-627.98K
Investing Cash Flow	158.12K	216.40K	88.40K	145.66K	-3.04M	-403.32K
Financing Cash Flow	0.00	190.00K	187.68K	185.95K	1.20M	2.93M

Golden Goliath Resources Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.04
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GNG, the sentiment is Negative. The current price of 0.04 is equal to the 20-day moving average (MA) of 0.04, below the 50-day MA of 0.05, and below the 200-day MA of 0.05, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 38.43 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:GNG.

Golden Goliath Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	62 Neutral	$10.33B	10.17	-0.16%	2.78%	2.22%	-32.59%
QNI	53 Neutral	C$1.76M	2.57	3.71%	―	―	―
MQM	40 Underperform	C$1.75M	―	-20.08%	―	―	94.54%
SCLT	37 Underperform	C$1.47M	―	-60.22%	―	―	67.59%
GNG	36 Underperform	C$1.15M	―	-159.85%	―	―	-419.44%
GCP	29 Underperform	C$1.51M	―	-135.89%	―	―	-33.95%
CBLT	27 Underperform	C$3.09M	―	-65.39%	―	―	86.46%