Golden Goliath Resources (GNG) AI Stock Analysis

• Market Cap: C$890.68K
• Dividend Yield: N/A
• Average Volume (3M): 30.92K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.49
• Revenue Growth: N/A
• EPS Growth: -419.44%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 66
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 25,448,124
• 10 Day Avg. Volume: 75,038
• 30 Day Avg. Volume: 30,917
• PEG Ratio: 9.91
• Price to Book (P/B): 4.48
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -5.50
• 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. 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 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
	EBIT
-412.33K	―	-514.00K	-543.00K	-659.00K	-812.00K
	EBITDA
-412.33K	―	-435.00K	-486.00K	-990.00K	-542.00K
	Net Income Common Stockholders
-3.29M	―	-553.00K	-597.00K	-990.00K	-1.06M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
9.13K	2.83K	446.85K	995.05K	1.78M	3.03M
	Total Assets
995.39K	983.64K	4.16M	4.38M	4.83M	4.23M
	Total Debt
0.00	0.00	0.00	0.00	0.00	0.00
	Net Debt
-9.13K	-2.83K	-131.70K	-137.53K	-74.87K	-2.25M
	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: Positive
• 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 below the 20-day moving average (MA) of 0.05, below the 50-day MA of 0.05, and below the 200-day MA of 0.05, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 38.43 is Neutral, neither overbought nor oversold. The STOCH value of 37.78 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
QNI	53 Neutral	C$1.76M	2.57	3.71%	―	―	―
Sector *	51 Neutral	$1.99B	-1.26	-21.11%	5.30%	2.92%	-30.46%
MQM	40 Underperform	C$1.75M	―	-24.33%	―	―	94.54%
SCLT	37 Underperform	C$1.47M	―	-60.22%	―	―	67.59%
GNG	36 Underperform	C$890.68K	―	-159.85%	―	―	-419.44%
GCP	29 Underperform	C$1.74M	―	-135.89%	―	―	-33.95%
CBLT	27 Underperform	C$3.47M	―	-65.39%	―	―	86.46%