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Gossan Resources (TSE:GSS)
:GSS

Gossan Resources (GSS) AI Stock Analysis

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Gossan Resources

(GSS)

Rating:41Neutral
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 (GSS) vs. iShares MSCI Canada ETF (EWC)

Gossan Resources Business Overview & Revenue Model

Company DescriptionGossan Resources Ltd. is a Canadian-based mineral exploration and development company primarily engaged in the acquisition and exploration of mineral properties in Manitoba, Ontario, and Newfoundland, Canada. The company focuses on the exploration of gold, platinum group metals, and base metals, as well as specialty minerals such as vanadium, titanium, and magnesium. Gossan Resources aims to identify and develop high-potential mining projects to create value for its shareholders.
How the Company Makes MoneyGossan 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
15
Very Negative
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
40
Negative
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
25
Negative
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
TTMMar 2024Mar 2023Mar 2022Mar 2021Mar 2020
Income StatementTotal Revenue
0.000.000.000.000.000.00
Gross Profit
0.000.000.000.000.000.00
EBIT
-606.68K-611.37K-1.39M-2.44M-682.02K-377.54K
EBITDA
-411.29K643.63K0.000.000.000.00
Net Income Common Stockholders
63.16K643.63K-1.19M-2.24M-482.02K-177.54K
Balance SheetCash, Cash Equivalents and Short-Term Investments
192.09K192.09K131.19K491.93K331.48K27.22K
Total Assets
943.96K943.96K324.23K744.51K467.74K86.83K
Total Debt
0.000.000.000.000.000.00
Net Debt
-87.09K-87.09K-131.19K-491.93K-331.48K-27.22K
Total Liabilities
195.54K195.54K244.31K394.90K274.36K254.16K
Stockholders Equity
748.41K748.41K79.92K349.61K193.38K-167.32K
Cash FlowFree 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
0.00500.00K0.000.000.000.00
Financing Cash Flow
0.000.00903.73K2.28M602.49K12.00K

Gossan Resources Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.02
Price Trends
50DMA
0.02
Negative
100DMA
0.02
Negative
200DMA
0.02
Negative
Market Momentum
MACD
>-0.01
Negative
RSI
42.64
Neutral
STOCH
>-0.01
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 above 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 neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 42.64 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 Negative sentiment for TSE:GSS.

Gossan Resources Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
TSKTR
54
Neutral
C$1.71M-14.31%-39.04%-28.36%
51
Neutral
$2.02B-1.19-21.37%3.64%2.88%-30.57%
TSGEL
45
Neutral
C$1.46M-45.51%47.34%
TSGSS
41
Neutral
C$1.35M27.7818.74%
40
Underperform
C$1.38M-110.55%93.79%
29
Underperform
$346.55K-591.72%11.52%
28
Underperform
C$4.06M-313.90%42.36%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:GSS
Gossan Resources
0.02
-0.02
-50.00%
TSE:SKYG
Sky Gold Corp
0.02
-0.05
-71.43%
TSE:KTR
Kintavar Exploration Inc.
0.02
0.00
0.00%
TSE:WBGD
Waraba Gold Limited
0.02
0.00
0.00%
TSE:MEDA
Medaro Mining
0.10
-1.26
-92.96%
TSE:GEL
Graphano Energy Ltd.
0.08
-0.02
-20.00%
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

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.