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Golden Goliath Resources (TSE:GNG)
:GNG

Golden Goliath Resources (GNG) AI Stock Analysis

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Golden Goliath Resources

(GNG)

36Underperform
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 (GNG) vs. S&P 500 (SPY)

Golden Goliath Resources Business Overview & Revenue Model

Company DescriptionGolden Goliath Resources Ltd. engages in the acquisition and exploration of resource properties. The company primarily explores and develops gold and silver properties located in the Red Lake District of Ontario, Canada. It also holds a 100% interest in the San Timoteo property located in the Sierra Madre Occidental Mountains of northwestern Mexico; and the La Cruz property located in the central part of Chihuahua. Golden Goliath Resources Ltd. was incorporated in 1996 and is based in Vancouver, Canada.
How the Company Makes MoneyGolden 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 is struggling financially with no revenue and continuous losses leading to poor income statement performance. While the company has no debt, its cash flow situation is weak, and the declining asset and equity levels suggest potential sustainability concerns.
Income Statement
10
Very Negative
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
40
Negative
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
15
Very Negative
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
Sep 2024Sep 2023Sep 2022Sep 2021Sep 2020
Income StatementTotal Revenue
0.000.000.000.000.00
Gross Profit
0.000.000.00-298.00-437.00
EBIT
-513.73K-485.90K-278.72K-542.91K
EBITDA
-552.60K-596.59K-989.68K-542.48K
Net Income Common Stockholders
-552.61K-596.59K-989.98K-1.06M
Balance SheetCash, Cash Equivalents and Short-Term Investments
2.83K446.85K995.05K1.78M3.03M
Total Assets
983.64K4.16M4.38M4.83M4.23M
Total Debt
0.000.000.000.000.00
Net Debt
-2.83K-131.70K-137.53K-74.87K-2.25M
Total Liabilities
332.31K355.87K228.00K362.49K197.14K
Stockholders Equity
651.32K3.81M4.15M4.47M4.03M
Cash FlowFree Cash Flow
-535.27K-281.92K-1.00M-2.45M-1.28M
Operating Cash Flow
-535.27K-281.92K-268.95K-330.28K-627.98K
Investing Cash Flow
216.40K88.40K145.66K-3.04M-403.32K
Financing Cash Flow
190.00K187.68K185.95K1.20M2.93M

Golden Goliath Resources Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.06
Price Trends
50DMA
0.06
Positive
100DMA
0.05
Positive
200DMA
0.04
Positive
Market Momentum
MACD
<0.01
Negative
RSI
55.12
Neutral
STOCH
66.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GNG, the sentiment is Positive. The current price of 0.06 is above the 20-day moving average (MA) of 0.05, above the 50-day MA of 0.06, and above the 200-day MA of 0.04, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 55.12 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:GNG.

Golden Goliath Resources Peers Comparison

Overall Rating
UnderperformOutperform
Sector (49)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
TSQNI
53
Neutral
C$1.56M2.273.71%
49
Neutral
$1.93B-1.47-21.02%3.74%0.80%-29.57%
TSMQM
40
Underperform
C$1.48M-6.88%94.54%
37
Underperform
C$1.47M-50.12%67.59%
TSGNG
36
Underperform
C$1.53M-159.85%-419.44%
27
Underperform
C$1.54M-65.39%86.46%
TSGCP
27
Underperform
C$1.50M-85.26%-33.95%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:GNG
Golden Goliath Resources
0.06
0.02
50.00%
TSE:SCLT
Searchlight Resources Inc
0.01
-0.01
-50.00%
TSE:MQM
MetalQuest Mining
0.06
-0.01
-14.29%
TSE:CBLT
CBLT Inc
0.02
>-0.01
-33.33%
TSE:GCP
Golcap Resources Corp.
0.06
-0.16
-72.73%
TSE:QNI
Quebec Nickel Corp
0.12
-0.05
-29.41%
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.