Go Metals (GOCO) AI Stock Analysis

• Market Cap: C$1.47M
• Dividend Yield: N/A
• Average Volume (3M): 127.74K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.34
• Revenue Growth: N/A
• EPS Growth: 33.05%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): N/A
• Shares Outstanding: 26,660,616
• 10 Day Avg. Volume: 166,041
• 30 Day Avg. Volume: 127,743
• PEG Ratio: 0.04
• Price to Book (P/B): 1.75
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -8.19
• 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: 48 Neutral
• Price Target: C$0.06 ▲(6.67% Upside)

The score is primarily constrained by weak financial performance (no revenue, ongoing losses, and negative free cash flow despite recent improvements). Technicals provide partial support via a generally improving trend and neutral momentum, while valuation remains unfavorable/unclear due to negative earnings and no dividend.

Positive Factors

Very low leverage / minimal debt

Near-zero reported debt materially reduces insolvency and interest-rate risk, giving the company financial flexibility while it executes operational improvements. Over a 2-6 month horizon this lowers bankruptcy probability and preserves optionality for project funding or strategic partnerships.

Marked improvement in operating losses

A steep reduction in operating losses signals durable progress on cost structure and operational execution. If sustained, narrower losses reduce the cash runway needed to reach break-even, improving the probability of achieving positive margins within several quarters and lowering financing frequency.

Substantial reduction in operating cash outflow

A pronounced decline in operating cash burn reflects tighter cash management and/or lower operating scale needs. Sustained lower outflows extend runway and reduce near-term dilution risk, increasing the firm’s ability to fund core activities or transition toward revenue generation over the coming months.

Negative Factors

No reported revenue

Absence of revenue means the business model remains unproven and demand is not demonstrated, creating structural execution risk. Without recurring sales, long-term viability depends on achieving commercialization or securing ongoing external funding, which is an uncertain multi-quarter challenge.

Persistent negative free cash flow

Ongoing negative free cash flow erodes liquidity and necessitates external capital to fund operations and development. Over 2-6 months this increases dilution or borrowing risk, constrains strategic investment, and makes the company vulnerable to funding market conditions or investor appetite shifts.

Material equity erosion

A shrinking equity base reduces the balance sheet buffer against continued losses and raises the likelihood of dilutive financings. This weakens capital durability and limits flexibility to pursue growth or weather setbacks, increasing solvency risk over the medium term absent revenue or profitable operations.

Go Metals Business Overview & Revenue Model

Company Description

Go Metals Corp., an exploration stage company, acquires, explores, and develops mineral resource properties in Canada. Its project is the Yukon Monster property, an iron, oxide, copper, and gold property covering an area of approximately 63.5 square kilometers located in the Yukon Dawson mining district. The company also holds interest in HSP Nickel Project located approximately 130 km in the Havre-Saint-Pierre. Go Metals Corp. was incorporated in 2012 and is based in Vancouver, Canada.

How the Company Makes Money

Go Metals makes money by engaging in the exploration and development of mineral properties. The company generates revenue through the discovery and subsequent sale or joint venture of promising mineral deposits. Key revenue streams include selling ownership stakes in successful mineral projects to larger mining companies or entering into joint ventures that provide funding for further exploration and development. Additionally, Go Metals may earn income by licensing its mineral rights or through strategic partnerships with major industry players interested in acquiring access to critical metal resources.

Go Metals Financial Statement Overview

Summary

Financials show no revenue and persistent net losses with negative operating and free cash flow, indicating an unproven business model and ongoing cash burn. Positives include meaningfully improved operating loss and operating cash outflow in the most recent period and very low debt, but equity erosion highlights continued capital pressure.

Income Statement

The company reports no revenue across all provided annual periods, while losses remain persistent (net income negative every year). Profitability has improved meaningfully versus 2023 as operating losses narrowed (EBIT improved from about -$3.47M in 2023 to about -$0.41M in 2025), but the business still lacks demonstrated operating scale or a path to positive margins based on the available statements.

Balance Sheet

The balance sheet is conservatively levered with minimal to zero debt in recent years (total debt near $0 in 2025 and very low in prior years), which reduces financial risk. However, equity has declined materially over time (from ~$1.78M in 2022 to ~$0.53M in 2025), reflecting ongoing losses and pressuring long-term capital durability despite low leverage.

Cash Flow

Cash generation remains weak with negative operating cash flow and negative free cash flow in every period, indicating continued cash burn. The magnitude of burn improved substantially in 2025 (operating cash flow about -$0.10M vs. -$1.69M in 2024), but free cash flow growth turned sharply negative in 2025, and the company still appears dependent on external funding to sustain operations.

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	-5.31K	-1.33K	-15.93K	-16.16K	-9.33K	-2.33K
EBITDA	-139.33K	-403.64K	-798.00K	-2.80M	-624.31K	-1.19M
Net Income	-105.76K	-405.00K	-815.00K	-2.82M	-642.16K	-1.08M
Balance Sheet
Total Assets	655.85K	577.27K	1.05M	2.66M	2.20M	652.02K
Cash, Cash Equivalents and Short-Term Investments	353.92K	267.51K	382.95K	2.00M	1.56M	348.08K
Total Debt	0.00	0.00	1.48K	17.90K	38.99K	47.43K
Total Liabilities	27.52K	42.74K	106.03K	1.08M	418.88K	295.42K
Stockholders Equity	628.33K	534.52K	939.52K	1.58M	1.78M	356.60K
Cash Flow
Free Cash Flow	-193.33K	-113.94K	-1.69M	-2.20M	-789.76K	-999.71K
Operating Cash Flow	-193.33K	-99.87K	-1.69M	-2.20M	-771.49K	-999.71K
Investing Cash Flow	-20.07K	-15.57K	-23.86K	-35.27K	-28.62K	-32.59K
Financing Cash Flow	93.00K	0.00	93.00K	2.68M	2.01M	1.34M

Go Metals Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.06
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GOCO, 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 0.05, and above the 200-day MA of 0.04, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 51.28 is Neutral, neither overbought nor oversold. The STOCH value of 73.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:GOCO.

Go Metals 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%
PLLR	51 Neutral	C$2.35M	-6.57	-35.10%	―	―	77.67%
UX	49 Neutral	C$1.94M	-4.69	-595.42%	―	―	52.24%
GOCO	48 Neutral	C$1.47M	-3.48	-67.84%	―	―	33.05%
SCV	40 Underperform	C$1.30M	-0.09	-246.26%	―	―	-70.47%
WEST	34 Underperform	C$1.59M	-0.28	-61.17%	―	―	-94.95%