Gungnir Resources (GUG) AI Stock Analysis

• Market Cap: C$5.38M
• Dividend Yield: N/A
• Average Volume (3M): 39.08K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.11
• Revenue Growth: N/A
• EPS Growth: -13.33%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): >-0.01
• Shares Outstanding: 119,629,780
• 10 Day Avg. Volume: 34,000
• 30 Day Avg. Volume: 39,083
• PEG Ratio: 0.26
• Price to Book (P/B): 0.66
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -4.59
• 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: 47 Neutral
• Price Target: C$0.04 ▲(120.00% Upside)

The score is held down primarily by weak financial performance (no revenue, ongoing losses, and continued cash burn), partially offset by a debt-free balance sheet. Technicals are comparatively stronger with price above key moving averages and positive MACD, but overbought signals (RSI/Stoch) add near-term risk. Valuation is constrained by negative earnings and no dividend yield data.

Positive Factors

Debt-free balance sheet reduces financial risk

Zero debt meaningfully lowers financial risk and interest burden, giving the company structural flexibility to pursue exploration, option deals, or JV negotiations without debt servicing constraints. This durability supports survival through multi-year exploration cycles and reduces bankruptcy risk.

Clear, industry-standard monetization pathways for explorers

As an early-stage explorer, the firm has durable strategic exit routes (asset sales, JVs, royalties) that enable value realization without needing to build a mine. These structural pathways facilitate partnership attraction and staged financing while limiting the need to become a producer to create shareholder value.

Trend toward smaller losses and improved cash flow versus prior years

Smaller losses and improving free cash flow indicate better cost control or more efficient program spending. If sustained, this trend reduces near-term funding needs, lowers dilution risk and strengthens the company’s ability to advance projects or attract partners over the next several months.

Negative Factors

No recurring revenue; persistent operating losses

Lack of operating revenue and ongoing losses mean the business model currently cannot self-fund exploration. This structural deficit forces reliance on external capital, increases dilution or financing risk, and creates high execution risk until a monetization event occurs.

Negative operating and free cash flow (cash-burning profile)

Sustained negative OCF and FCF imply recurring cash burn that depletes reserves and necessitates frequent financing or asset transactions. Over a multi-month horizon this pressures strategic options, increases dilution risk, and can constrain the scale or timing of exploration programs.

Eroding equity base despite low leverage

Declining shareholders' equity shows cumulative losses are reducing the firm’s capital buffer. Even with no debt, a shrinking equity base limits runway and weakens resilience to exploration setbacks, making future financing more dilutive or difficult if trends persist over several quarters.

Gungnir Resources Business Overview & Revenue Model

Company Description

Gungnir Resources Inc., a junior mineral exploration company, engages in the acquisition, evaluation, and exploration of mineral properties. The company primarily explores for gold, nickel, copper, cobalt, and base metals. Its key project is the Knaften property that covers an area of approximately 4,887 hectares located in northern Sweden. The company was formerly known as Anglo Swiss Resources Inc. and changed its name to Gungnir Resources Inc. in April 2014. Gungnir Resources Inc. was founded in 1966 and is based in Surrey, Canada.

How the Company Makes Money

Gungnir Resources makes money primarily through the exploration and potential development of mineral resources. Its revenue model is based on discovering commercially viable mineral deposits, which can be monetized through various avenues such as selling the mineral rights, entering into joint ventures with larger mining companies, or eventually developing and operating its own mining operations. Key revenue streams include equity financing, strategic partnerships, and potential future revenues from the sale or licensing of mineral deposits. The company's earnings are significantly influenced by the success of its exploration activities, market conditions for the minerals it targets, and its ability to secure financing and partnerships to advance its projects.

Gungnir Resources Financial Statement Overview

Summary

Overall fundamentals are weak: no revenue reported, recurring operating and net losses (TTM EBIT about -671k; net loss about -565k), and negative operating/free cash flow (TTM OCF about -471k; FCF about -652k). The key offset is a low-risk capital structure with zero debt, though equity has been trending down as losses persist.

Income Statement

The company reports no revenue across the period provided, while operating losses persist (TTM (Trailing-Twelve-Months) EBIT of -671k and net loss of -565k). Losses have generally continued year after year (2020–2024), with only a one-off profit in 2019, indicating weak earnings quality and limited visibility into a sustainable operating model. A modest improvement versus 2022–2023 is visible in the smaller losses, but profitability remains materially negative.

Balance Sheet

The balance sheet is conservatively structured with zero debt in all years shown, which meaningfully reduces financial risk. However, equity has trended down from 5.69M (2022) to 4.52M (2024) alongside ongoing losses, and returns on equity are consistently negative in recent years (2024 at about -12.5%). In short: low leverage is a clear strength, but continued losses are gradually eroding the capital base.

Cash Flow

Cash generation is weak: operating cash flow and free cash flow are negative in TTM (Trailing-Twelve-Months) (about -471k and -652k, respectively), consistent with a cash-burning profile. While free cash flow improved versus 2022 (less negative), it remains below zero, implying continued reliance on external funding or asset sales to sustain operations. The prior positive cash flow in 2019 looks non-recurring compared with the multi-year outflow trend since 2020.

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	0.00	0.00	0.00	0.00	0.00	0.00
EBITDA	-689.52K	-517.78K	-735.00K	-950.00K	-878.42K	-631.00K
Net Income	-685.41K	-565.00K	-711.00K	-963.00K	-900.00K	-628.00K
Balance Sheet
Total Assets	4.25M	4.55M	5.08M	5.74M	3.94M	3.46M
Cash, Cash Equivalents and Short-Term Investments	331.22K	657.74K	1.31M	2.50M	1.19M	1.25M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	23.33K	26.68K	49.50K	51.43K	50.33K	24.27K
Stockholders Equity	4.23M	4.52M	5.03M	5.69M	3.89M	3.43M
Cash Flow
Free Cash Flow	-676.25K	-651.92K	-647.79K	-1.43M	-1.05M	-975.63K
Operating Cash Flow	-559.49K	-471.27K	-647.79K	-672.60K	-495.88K	-633.93K
Investing Cash Flow	-174.09K	-180.65K	-540.87K	-520.80K	-550.30K	-357.48K
Financing Cash Flow	0.00	0.00	0.00	2.50M	990.08K	677.00K

Gungnir Resources Technical Analysis

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

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GUG, the sentiment is Neutral. The current price of 0.02 is below the 20-day moving average (MA) of 0.04, below the 50-day MA of 0.03, and below the 200-day MA of 0.02, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 50.14 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:GUG.

Gungnir Resources 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%
OPHR	50 Neutral	C$3.50M	-4.93	-42.37%	―	―	50.00%
MOLT	49 Neutral	C$3.84M	-0.98	-107.16%	―	―	-124.20%
GUG	47 Neutral	C$5.38M	-8.82	-15.09%	―	―	-13.33%
OPW	46 Neutral	C$3.54M	-1.51	―	―	―	32.88%
SMP	17 Underperform	C$6.15M	-0.49	-231.76%	―	―	-286.86%

Gungnir Resources Corporate Events

Gungnir’s Lappvattnet Nickel Project Gains National Interest Status in Sweden

Gungnir Resources has announced that its Lappvattnet Nickel Project in Sweden has been designated a ‘Property of National Interest’ by the Swedish Geological Survey. This designation is significant as it protects the project from competing land uses, potentially streamlining future permitting processes and enhancing the company’s ability to attract partners and investments for exploration and development. The Lappvattnet and Rormyrberget deposits, located in the Vasterbotten District, are among Sweden’s top nickel sulphide deposits, with substantial nickel resources. The company is also actively seeking new leadership and funding to advance its projects, including potential partnerships and asset transactions.