Golden Goliath Resources (GNG) AI Stock Analysis

• Market Cap: C$4.44M
• Dividend Yield: N/A
• Average Volume (3M): 67.00K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.25
• Revenue Growth: N/A
• EPS Growth: -495.41%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): N/A
• Shares Outstanding: 49,368,980
• 10 Day Avg. Volume: 117,734
• 30 Day Avg. Volume: 67,004
• PEG Ratio: 0.06
• Price to Book (P/B): 4.12
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -12.64
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 50 Neutral
• Price Target: C$0.10 ▲(25.00% Upside)

The score is held back primarily by weak financial performance (no revenue, ongoing losses and cash burn, and declining equity), partially offset by a debt-free balance sheet and improving cash outflows. Technicals are moderately supportive with the price above major moving averages, while valuation remains difficult to support due to negative earnings and no dividend yield.

Positive Factors

Debt-Free Balance Sheet

Having no debt provides financial flexibility and reduces the risk of insolvency, allowing the company to focus on strategic investments and exploration activities without the burden of interest payments.

Focus on Precious Metals

The focus on gold and silver positions the company to benefit from long-term demand for these metals, which are often seen as safe-haven assets and can provide stability during economic fluctuations.

Strategic Partnerships

Strategic partnerships can provide access to additional resources, expertise, and capital, enhancing the company's ability to explore and develop mineral properties effectively.

Negative Factors

No Revenue Generation

The lack of revenue generation indicates an inability to monetize assets or operations, which can lead to ongoing financial instability and limit growth potential.

Negative Cash Flows

Negative cash flows suggest the company is not generating sufficient cash from its operations, which can lead to liquidity issues and reliance on external financing for survival.

Declining Asset Base

A declining asset base can indicate poor asset management and capital utilization, potentially impacting the company's ability to invest in future growth opportunities.

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

Financials reflect an early-stage profile with zero revenue and persistent losses. Cash flow remains negative (ongoing cash burn), though the latest year shows improvement in operating cash outflow. The key offset is a debt-free balance sheet, but equity has eroded sharply over time, increasing funding risk.

Income Statement

The company has reported zero revenue across all provided annual periods, indicating it is not yet operating at a commercial scale. Losses are persistent, though the latest annual net loss narrowed materially in 2025 (about -$0.28M) versus the unusually large loss in 2024 (about -$3.35M). Profitability remains weak with consistently negative operating results (EBIT/EBITDA), and there is no clear margin improvement trend given the lack of revenue.

Balance Sheet

Leverage looks conservative with no reported debt and a debt-to-equity ratio of 0.0, which reduces financial risk. However, the equity base has fallen sharply over time (from roughly $4.5M in 2021 to about $0.37M in 2025), reflecting ongoing losses and/or dilution effects, and returns on equity are consistently negative. Assets also declined versus earlier years, suggesting a shrinking balance sheet and reduced financial cushion.

Cash Flow

Cash generation remains negative, with operating cash flow and free cash flow consistently below zero, indicating ongoing cash burn to sustain operations. There is improvement in the latest year (2025 operating cash flow about -$0.12M versus -$0.54M in 2024), but the multi-year pattern is still unfavorable and implies continued reliance on external funding if this persists. Free cash flow broadly tracks net losses, which is directionally consistent, but does not offset the liquidity risk from sustained outflows.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-5.29K	-294.00	0.00	0.00	0.00	-298.00
EBITDA	-280.46K	-280.46K	-371.00	-435.00K	-415.91K	-990.00K
Net Income	-281.06K	-280.75K	-3.35M	-553.00K	-597.00K	-990.00K
Balance Sheet
Total Assets	854.01K	854.01K	983.64K	4.16M	4.38M	4.83M
Cash, Cash Equivalents and Short-Term Investments	16.97K	16.97K	2.83K	446.85K	995.05K	1.78M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	483.44K	483.44K	332.31K	355.87K	228.00K	362.49K
Stockholders Equity	370.57K	370.57K	651.32K	3.81M	4.15M	4.47M
Cash Flow
Free Cash Flow	5.10K	-120.77K	-535.27K	-938.02K	-1.00M	-2.45M
Operating Cash Flow	8.03K	-117.83K	-535.27K	-281.92K	-268.95K	-330.28K
Investing Cash Flow	-2.80K	131.97K	216.40K	88.40K	145.66K	-3.04M
Financing Cash Flow	0.00	0.00	190.00K	187.68K	185.95K	1.20M

Golden Goliath Resources Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.08
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• 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 0.08 is below the 20-day moving average (MA) of 0.10, below the 50-day MA of 0.09, and above the 200-day MA of 0.07, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 46.17 is Neutral, neither overbought nor oversold. The STOCH value of 77.78 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
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
RKL	52 Neutral	C$4.28M	-1.98	-48.17%	―	―	42.16%
GNG	50 Neutral	C$4.44M	-3.80	―	―	―	-495.41%
AWE	50 Neutral	C$6.22M	-6.51	-17.08%	―	―	―
GSS	48 Neutral	C$2.36M	-14.00	-33.93%	―	―	-266.67%
LEXI.H	35 Underperform	C$2.41M	-0.29	―	―	―	―