Gossan Resources (GSS) AI Stock Analysis

• Market Cap: C$1.69M
• Dividend Yield: N/A
• Average Volume (3M): 11.11K
• Price to Earnings (P/E): 22.2
• Beta (1Y): -1.56
• Revenue Growth: N/A
• EPS Growth: -380.95%
• Country: CA
• Employees: 4
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): N/A
• Shares Outstanding: 67,459,470
• 10 Day Avg. Volume: 17,160
• 30 Day Avg. Volume: 11,106
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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

• Rating: 41 Neutral
• Price Target: ―

Gossan Resources' overall stock score reflects significant financial challenges due to lack of revenue and cash flow issues, despite a debt-free balance sheet. Technical indicators suggest stability but lack momentum, while the valuation is moderate, considering potential future earnings rather than current performance. The absence of earnings call data and recent corporate events limits additional insights.

Gossan Resources Business Overview & Revenue Model

Company Description

Gossan Resources Limited, an exploration and evaluation stage company, engages in the acquisition, exploration, and development of resource properties in Canada. It holds interest in the Glitter property located in the sturgeon lake greenstone belt of northwestern Ontario; the Gander Gold property covers an area of 8,875 hectares situated in Newfoundland; and the Weir Pond project covers an area of 975 hectares and the Island Pond properties cover an area of 1,050 hectares located in Newfoundland. The company also owns interests in a portfolio of properties hosting gold, platinum group, and base metals, as well as specialty green battery metals, vanadium, titanium, tantalum, lithium, dolomite, and chromium. In addition, it holds production royalty interests in a high-purity silica sand deposit. Gossan Resources Limited was incorporated in 1980 and is headquartered in Winnipeg, Canada.

How the Company Makes Money

Gossan Resources makes money primarily through the exploration and potential development of its mineral properties. The company generates revenue by advancing its exploration projects to a stage where they can attract investment or partnership opportunities with larger mining companies. This can lead to joint ventures, option agreements, or outright sales of interests in its projects. Additionally, Gossan Resources may earn revenue from any future production activities if its exploration efforts are successful and lead to commercially viable mining operations. The company also continuously seeks strategic partnerships and collaborations to leverage its exploration assets and increase its financial stability.

Gossan Resources Financial Statement Overview

Summary

Gossan Resources exhibits characteristics typical of a mining company in the exploration phase, with no revenue generation. Although the balance sheet is strong with zero debt, the absence of revenue and consistent cash outflows present significant financial challenges. Future prospects hinge on successful project development and external financing, with current financials reflecting high risk and reliance on equity financing.

Income Statement

The income statement reveals a consistent lack of revenue over the years, reflective of the company's ongoing developmental or exploration stage typical in mining. The company has managed to improve its net income from significant losses to a small gain in the most recent period, but overall, profitability is challenged with negative EBIT and EBITDA margins. This suggests inefficiency in operations or significant upfront costs without corresponding revenue.

Balance Sheet

The balance sheet is relatively strong with no debt, resulting in a favorable debt-to-equity ratio. However, the equity ratio is moderate, and the company has fluctuated equity levels, indicating potential instability. Positive stockholders' equity is a strength, showing some financial resilience. The company's assets have grown, but liabilities remain substantial, impacting overall stability.

Cash Flow

Cash flow statements show consistent negative free and operating cash flows, indicating cash burn without revenue generation. This raises concerns about long-term sustainability without external funding. The ratio of operating cash flow to net income is negative, reinforcing cash management challenges. Despite some positive financing cash flows in prior years, the reliance on external financing is evident.

Breakdown	TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	0.00	0.00	0.00	0.00	0.00	0.00
EBITDA	-588.17K	643.63K	-1.39M	-2.44M	-682.00K	-378.00K
Net Income	63.22K	643.63K	-1.19M	-2.24M	-482.00K	-178.00K
Balance Sheet
Total Assets	618.08K	943.96K	324.23K	744.51K	467.74K	86.83K
Cash, Cash Equivalents and Short-Term Investments	143.11K	192.09K	131.19K	491.93K	331.48K	27.22K
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	228.42K	195.54K	244.31K	394.90K	274.36K	254.16K
Stockholders Equity	389.66K	748.41K	79.92K	349.61K	193.38K	-167.32K
Cash Flow
Free Cash Flow	-210.92K	-544.10K	-1.26M	-2.12M	-298.23K	-66.68K
Operating Cash Flow	-210.92K	-544.10K	-1.26M	-2.12M	-298.23K	-66.68K
Investing Cash Flow	0.00	500.00K	0.00	0.00	0.00	0.00
Financing Cash Flow	0.00	0.00	903.73K	2.28M	602.49K	12.00K

Gossan Resources Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.02
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GSS, the sentiment is Negative. The current price of 0.02 is below the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and below the 200-day MA of 0.02, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 42.60 is Neutral, neither overbought nor oversold. The STOCH value of 0.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:GSS.

Gossan Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KTR	54 Neutral	7.99M	-6.98	―	―	-39.04%	-28.36%
GEL	45 Neutral	3.70M	-6.40	―	―	―	50.44%
GSS	41 Neutral	C$1.69M	22.22	-78.19%	―	―	-380.95%
SKYG	40 Underperform	2.75M	-4.81	―	―	―	94.48%
MEDA	29 Underperform	1.02M	-0.13	―	―	―	-24.58%
WBGD	28 Underperform	2.44M	-2.38	―	―	―	51.91%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%