Go Metals (TSE:GOCO)
:GOCO
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Go Metals
(GOCO)
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Rating:43Neutral
Price Target:
C$0.05
▼(-20.00% Downside)
Action:Reiterated
Date:05/05/26
The score is driven primarily by weak financial performance (no revenue, ongoing losses, and negative free cash flow) despite improved loss and cash burn trends and low leverage. Technicals are bearish with the stock trading below major moving averages and a negative MACD. Valuation provides limited support because earnings are negative and no dividend yield is available.
Positive Factors
Low leverage
Minimal reported debt materially lowers financial risk and interest burden, giving the company structural flexibility to execute a turnaround without immediate default pressure. For a cash-burning industrial materials firm, low leverage improves survivability and options for financing strategy.
Negative Factors
No revenue
The absence of recorded revenue across multiple periods is a fundamental obstacle: it means the business model is unproven, there is no demonstrated market demand, and margins cannot be validated. Long-term viability hinges on establishing sustainable revenue streams.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
Minimal reported debt materially lowers financial risk and interest burden, giving the company structural flexibility to execute a turnaround without immediate default pressure. For a cash-burning industrial materials firm, low leverage improves survivability and options for financing strategy.
Read all positive factors
Go Metals (GOCO) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$799.82K
Dividend YieldN/A
Average Volume (3M)127.74K
Price to Earnings (P/E)―
Beta (1Y)0.46
Revenue GrowthN/A
EPS Growth-238.46%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.03
Shares Outstanding13,330,250
10 Day Avg. Volume166,041
30 Day Avg. Volume127,743
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)1.75
Price to Sales (P/S)0.00
P/FCF Ratio-8.19
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 squa...
How the Company Makes Money
null...
Go Metals Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
26
Negative
| Breakdown | Oct 2025 | Oct 2024 | Oct 2023 | Oct 2022 | Oct 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -1.33K | -15.93K | -16.16K | -9.33K | -2.33K |
| EBITDA | -403.64K | -798.00K | -2.80M | -624.31K | -1.19M |
| Net Income | -405.00K | -815.00K | -2.82M | -642.16K | -1.08M |
Balance Sheet | |||||
| Total Assets | 577.27K | 1.05M | 2.66M | 2.20M | 652.02K |
| Cash, Cash Equivalents and Short-Term Investments | 267.51K | 382.95K | 2.00M | 1.56M | 348.08K |
| Total Debt | 0.00 | 1.48K | 17.90K | 38.99K | 47.43K |
| Total Liabilities | 42.74K | 106.03K | 1.08M | 418.88K | 295.42K |
| Stockholders Equity | 534.52K | 939.52K | 1.58M | 1.78M | 356.60K |
Cash Flow | |||||
| Free Cash Flow | -113.94K | -1.69M | -2.20M | -789.76K | -999.71K |
| Operating Cash Flow | -99.87K | -1.69M | -2.20M | -771.49K | -999.71K |
| Investing Cash Flow | -15.57K | -23.86K | -35.27K | -28.62K | -32.59K |
| Financing Cash Flow | 0.00 | 93.00K | 2.68M | 2.01M | 1.34M |
Go Metals Technical Analysis
Negative
0.06
Price Trends
0.07
Negative
0.09
Negative
0.08
Negative
Market Momentum
>-0.01
Negative
43.04
Neutral
100.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GOCO, the sentiment is Negative. The current price of 0.06 is above the 20-day moving average (MA) of 0.06, below the 50-day MA of 0.07, and below the 200-day MA of 0.08, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 43.04 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:GOCO.
Go Metals Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | C$2.92M | 156.76 | -595.42% | ― | ― | 62.74% | |
46 Neutral | C$2.41M | -3.07 | -35.10% | ― | ― | 81.03% | |
43 Neutral | C$799.82K | -1.60 | -67.84% | ― | ― | -238.46% | |
43 Neutral | C$2.09M | 1.33 | 17.69% | ― | ― | ― | |
42 Neutral | C$2.56M | 2.96 | -24.18% | ― | ― | 84.42% | |
41 Neutral | C$1.17M | -2.63 | 2460.62% | ― | ― | 96.19% |
* Basic Materials Sector Average
TSE:GOCO
Go Metals
0.06
0.00
0.00%
TSE:AWR
Aurwest Resources
0.02
0.01
100.00%
TSE:WEST
West Mining Corp.
0.07
0.03
55.56%
TSE:SCV
Scotch Creek Ventures
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-35.71%
TSE:UX
Monterey Minerals Inc
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260.00%
TSE:PLLR
Forty Pillars Mining Corp
0.05
0.02
50.00%
Go Metals Corporate Events
Business Operations and StrategyM&A Transactions
Go Metals, Flow Metals Cancel Monster Project Option Deal
Neutral
Mar 26, 2026
Go Metals Corp. has mutually agreed with Flow Metals Corp. to terminate an option agreement that would have allowed Flow Metals to acquire a 100% interest in Go Metals’ Monster IOCG project near Dawson City, Yukon. The decision, driven by bo...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.