Graycliff Exploration (TSE:GRAY)
:GRAY
Top Page
Graycliff Exploration
(GRAY)
Select Model
Select Model
Rating:52Neutral
Price Target:
C$0.15
▼(-5.00% Downside)
Action:ReiteratedDate:01/21/26
The score is held down primarily by weak financial performance (no revenue, ongoing losses, and negative equity), which raises funding and solvency risk. Technicals are the main offset, with a clear uptrend and positive momentum. Valuation contributes modestly negatively due to unprofitability and no dividend support.
Positive Factors
Improving cash burn and EBIT
Reduced cash burn and materially improved EBIT in 2024 extend operational runway and show management tightened costs. This durable improvement lowers near-term financing pressure, enabling the company to advance exploration programs and better position for partner-funded transactions.
Negative Factors
No revenue and persistent operating losses
The absence of operating revenue and ongoing losses mean the company cannot self-fund operations or project advancement. Over the medium term this forces continual capital raises or partner deals, increasing execution risk and making long-term project development dependent on external financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving cash burn and EBIT
Reduced cash burn and materially improved EBIT in 2024 extend operational runway and show management tightened costs. This durable improvement lowers near-term financing pressure, enabling the company to advance exploration programs and better position for partner-funded transactions.
Read all positive factors
Graycliff Exploration (GRAY) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$638.36K
Dividend YieldN/A
Average Volume (3M)25.35K
Price to Earnings (P/E)―
Beta (1Y)0.58
Revenue GrowthN/A
EPS Growth44.88%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.03
Shares Outstanding4,402,460
10 Day Avg. Volume32,761
30 Day Avg. Volume25,351
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)-0.70
Price to Sales (P/S)0.00
P/FCF Ratio-4.91
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
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 6...
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 ...
Graycliff Exploration Financial Statement Overview
Summary
Income Statement
6
Very Negative
Balance Sheet
12
Very Negative
Cash Flow
18
Very Negative
| Breakdown | TTM | Mar 2025 | 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 | 1.93K | -53.75K | -285.32K | -1.80M | -3.29M | -640.51K |
| Operating Cash Flow | 1.93K | -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 | -23.03K | 0.00 | -24.24K | 557.14K | 3.86M | 1.24M |
Graycliff Exploration Technical Analysis
Neutral
0.16
Price Trends
0.16
Negative
0.15
Negative
0.12
Positive
Market Momentum
>-0.01
Positive
41.42
Neutral
<0.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GRAY, the sentiment is Neutral. The current price of 0.16 is above the 20-day moving average (MA) of 0.16, above the 50-day MA of 0.16, and above the 200-day MA of 0.12, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 41.42 is Neutral, neither overbought nor oversold. The STOCH value of <0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:GRAY.
Graycliff Exploration Peers Comparison
UnderperformOutperform
Sector (61)
TSE:GRAY
Graycliff Exploration
0.15
0.04
45.00%
TSE:KLM
Kermode Resources
0.01
0.00
0.00%
TSE:STW
Stockworks Gold
0.11
-0.04
-24.16%
TSE:PURR
Panther Minerals
0.39
-0.41
-51.19%
TSE:METL
Metalite Resources
0.40
0.25
168.46%
TSE:AUL.H
Aurelius Minerals
0.02
0.00
0.00%
Graycliff Exploration Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Graycliff Exploration Raises $440,000, Restructures Debt and Adds 17% Shareholder in Private Placement
Positive
Jan 22, 2026
Graycliff Exploration Limited has closed a private placement raising $440,000 through the issuance of 4.4 million common shares, combining $113,000 in new equity financing with $327,000 in debt settlements, with proceeds earmarked for general corp...
Business Operations and StrategyExecutive/Board ChangesPrivate Placements and Financing
Graycliff Exploration Names New CEO and Launches $440,000 Private Placement
Positive
Dec 29, 2025
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 sector...
Business Operations and StrategyStock Split
Graycliff Exploration Announces Share Consolidation
Neutral
Nov 18, 2025
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 streamli...
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.