Graycliff Exploration (GRAY) AI Stock Analysis

• Market Cap: C$572.32K
• Dividend Yield: N/A
• Average Volume (3M): 25.35K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.08
• Revenue Growth: N/A
• EPS Growth: 44.88%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): -0.01
• Shares Outstanding: 4,402,460
• 10 Day Avg. Volume: 32,761
• 30 Day Avg. Volume: 25,351
• PEG Ratio: 0.02
• Price to Book (P/B): -0.70
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -4.91
• 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: 41 Neutral
• Price Target: C$0.12 ▼(-22.50% Downside)

The score is driven primarily by weak financial performance (no revenue, ongoing losses, and negative equity), partially offset by improving loss and cash-burn trends. Technicals are mixed but lean weak in the near term, and valuation is penalized due to losses (negative P/E) with no dividend data to support returns.

Positive Factors

Reduced cash burn

A meaningful reduction in operating cash burn materially extends the company’s runway versus prior years. Over a multi-month horizon this lowers near-term refinancing pressure, improving odds of funding ongoing exploration and hitting technical milestones before additional equity raises.

Material EBIT improvement

Sharp narrowing of operating losses signals stronger cost discipline and more efficient operations. If sustained, improved EBIT reduces the pace of capital depletion, making the business more resilient and enhancing prospects for completing exploration programs with less dilution.

Established exploration monetization model

As an exploration-stage firm, the company has durable, industry-standard paths to fund programs and realize value via equity raises, JV/option deals or royalties. These structural mechanisms allow project advancement without immediate production revenue, supporting long-term project optionality.

Negative Factors

Negative shareholders' equity

Negative equity is a persistent solvency concern that constrains financing flexibility and increases counterparty and lender risk. Over months this can limit access to non-dilutive capital, raise cost of capital, and heighten dependence on equity issuance or partner-funded structures.

No reported revenue

Absence of operating revenue means the business lacks recurring cash inflows and remains fully dependent on capital markets or transactional monetization. This structurally increases execution risk: project economics and shareholder returns hinge on exploration success or third-party deals.

Ongoing operating losses

Persistent negative earnings, despite improvement, continue to erode capital and necessitate external funding. Over a 2–6 month horizon this implies likely dilution or JV dependence to finance programs, limiting strategic optionality and pressuring long-term sustainability if trends reverse.

Graycliff Exploration Business Overview & Revenue Model

Company Description

Graycliff Exploration Limited engages in the acquisition, exploration, development, and extraction of natural resources in Canada. It explores for gold and precious metals. The company holds 100% interest in the Shakespeare gold project comprise 68 claims located in Ontario. Graycliff Exploration Limited was incorporated in 2016 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Graycliff Exploration makes money through the exploration and development of mineral properties, primarily focusing on gold. The company's revenue model involves identifying promising mineral sites, conducting exploration activities to assess the potential and value of these sites, and then either developing them into operational mines or selling the exploration rights to larger mining companies. Key revenue streams include the sale of mineral rights, potential future production revenues from developed projects, and equity financing. The company may also enter into joint ventures or partnerships with other mining or exploration companies to share costs and risks, thereby enhancing its revenue potential.

Graycliff Exploration Financial Statement Overview

Summary

Graycliff Exploration faces severe financial challenges with no revenue generation, heavy losses, and negative equity. The balance sheet shows high liabilities, and cash flows indicate persistent cash burn. These factors suggest a high-risk profile with an urgent need for financial restructuring.

Income Statement

Graycliff Exploration has consistently reported zero revenue over the past years, indicating a lack of operational income. The company has experienced significant net losses, with narrowing negative EBIT and EBITDA margins. This consistent lack of revenue and profitability signals financial distress in its operations.

Balance Sheet

The company's financial stability is concerning, with negative stockholders' equity indicating more liabilities than assets. The debt-to-equity ratio is not meaningful due to negative equity, and the trend shows increasing liabilities. Overall, this reflects a weak financial position and high leverage risk.

Cash Flow

Graycliff Exploration's cash flow statements reveal negative operating cash flows consistently, highlighting continuing cash burn. Free cash flow remains negative, although there has been some reduction in outflows. The cash flow situation suggests ongoing struggles to cover operational expenses.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-8.72K	-17.45K	-17.45K	-10.18K	0.00	0.00
EBITDA	-256.47K	-261.12K	-507.59K	-2.25M	-4.89M	-1.90M
Net Income	-230.04K	-225.75K	-744.99K	-2.26M	-4.81M	-1.89M
Balance Sheet
Total Assets	6.63K	58.34K	111.14K	591.61K	2.18M	1.13M
Cash, Cash Equivalents and Short-Term Investments	3.24K	9.29K	38.03K	347.60K	1.59M	1.03M
Total Debt	7.65K	77.90K	69.62K	82.34K	0.00	432.40K
Total Liabilities	435.76K	437.24K	264.29K	119.77K	63.45K	642.61K
Stockholders Equity	-429.14K	-378.90K	-153.15K	471.83K	2.11M	486.38K
Cash Flow
Free Cash Flow	1.96K	-53.75K	-285.32K	-1.80M	-3.29M	-640.51K
Operating Cash Flow	1.96K	-53.75K	-285.32K	-1.80M	-3.29M	-640.51K
Investing Cash Flow	25.00	25.00K	307.31K	445.54K	-752.85K	0.00
Financing Cash Flow	-23.05K	0.00	-24.24K	557.14K	3.86M	1.24M

Graycliff Exploration Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.16
• 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:GRAY, the sentiment is Negative. The current price of 0.16 is below the 20-day moving average (MA) of 0.16, above the 50-day MA of 0.14, and above the 200-day MA of 0.10, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 44.55 is Neutral, neither overbought nor oversold. The STOCH value of 25.25 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:GRAY.

Graycliff Exploration 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%
NEWD	53 Neutral	C$1.31M	-1.37	―	―	―	92.44%
NXS	50 Neutral	C$3.99M	4.21	―	―	―	―
GRAY	41 Neutral	C$572.32K	-4.02	―	―	―	44.88%

Graycliff Exploration Corporate Events

Graycliff Exploration Names New CEO and Launches $440,000 Private Placement

Graycliff Exploration Limited has appointed Arndt Roehlig as its new president, chief executive officer and director, leveraging his decades of experience raising capital and managing Canadian public companies in the resource and technology sectors, while former CEO James Macintosh moves into the role of chairman. At the same time, the company is seeking to strengthen its balance sheet through a non-brokered private placement of up to 4.4 million common shares at $0.10 each, for potential gross proceeds of $440,000 earmarked for general corporate and working capital purposes, with the financing subject to regulatory approvals and signaling an effort to support ongoing exploration and corporate activities at its Shakespeare gold project.

Graycliff Exploration Announces Share Consolidation

Graycliff Exploration Limited has announced a share consolidation, reducing its outstanding common shares from approximately 17.6 million to 4.4 million. This strategic move, pending approval from the Canadian Securities Exchange, aims to streamline the company’s share structure without changing its name or stock symbol, potentially impacting its market positioning and shareholder value.