Kalo Gold Holdings (KALO) AI Stock Analysis

• Market Cap: C$28.80M
• Dividend Yield: N/A
• Average Volume (3M): 1.08M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.59
• Revenue Growth: N/A
• EPS Growth: -58.16%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): N/A
• Shares Outstanding: 117,531,300
• 10 Day Avg. Volume: 603,280
• 30 Day Avg. Volume: 1,076,681
• PEG Ratio: -0.09
• Price to Book (P/B): 9.37
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -6.71
• 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: 44 Neutral
• Price Target: C$0.20 ▼(-32.00% Downside)
• Action: Reiterated Date: 02/01/26
• Date: Action: Reiterated 02/01/26

The score is primarily driven by weak financial performance: no revenue, sizable losses, and accelerating cash burn, raising ongoing financing/dilution risk despite being debt-free. Technicals also detract due to a clear downtrend (price below all major moving averages), with only a modest offset from oversold signals. Valuation is constrained by negative earnings and no provided dividend yield.

Positive Factors

Debt-free balance sheet

A zero-debt capital structure materially reduces fixed financing obligations and interest risk, giving management durable flexibility to time capital raises or joint ventures for exploration. This structural strength supports survival through commodity cycles and long exploration timelines.

Existing asset base from prior funding

Having moderate tangible assets (~$2.1M TTM) and a history of earlier capitalization indicates the company holds funded exploration work and permits. These existing assets and prior investor support provide a base to advance targets before new capital is required.

Focused gold exploration business model

A concentrated focus on gold exploration provides clear strategic alignment with structural demand for precious metals and allows technical teams to build domain expertise. This specialization creates scalable optionality: successful discoveries convert directly into mine development or JV opportunities.

Negative Factors

Sizable and expanding net losses

Large, widening net losses erode shareholder equity and signal that core operations remain far from revenue generation. Persistently negative earnings lengthen the path to self-sufficiency and increase dependence on external financing, pressuring long-term financial sustainability.

Worsening cash burn and weak cash generation

Accelerating operating and free cash outflows create a persistent funding requirement to sustain exploration. That structural cash burn increases likelihood of recurring equity raises, constrains long-term project continuity without partners, and raises execution risk during market stress.

Shrinking equity and elevated dilution risk

Declining equity reduces the company’s capital buffer and makes future financing more dilutive or costly. Structural dilution risk can impair investor returns, hinder attraction of strategic partners, and limit the firm's ability to execute multi-stage exploration programs without material ownership erosion.

Kalo Gold Holdings Business Overview & Revenue Model

Company Description

Kalo Gold Holdings Corp. engages in exploration of minerals. Its principal project is Vatu Aurum Gold Project located in Fiji's North Island, Vanua Levu. It holds two mineral exploration licenses covering over 36,700 hectares of land and gold deposits in the Southwest Pacific Ring of Fire. The company was incorporated in 2020 and is based in Vancouver, Canada.

How the Company Makes Money

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Kalo Gold Holdings Financial Statement Overview

Summary

Financials reflect a pre-revenue company with sizable and expanding losses (TTM net loss about -6.5M) and worsening cash burn (TTM operating cash flow about -3.9M; free cash flow about -4.1M). The key positive is a debt-free balance sheet, but shrinking equity (to ~0.72M TTM) signals elevated dilution/financing risk.

Income Statement

TTM (Trailing-Twelve-Months) results show no revenue and a sizable net loss (about -6.5M), with operating losses also large, indicating the business is still in a pre-revenue/early-stage phase. Losses have generally expanded versus the 2024 annual period (net loss about -1.9M) and remain elevated versus prior years, which pressures sustainability. A modest positive is the absence of revenue volatility risk (given revenue is consistently zero), but overall profitability and operating trajectory are weak.

Balance Sheet

The balance sheet shows zero reported debt across periods, which materially lowers financial risk and provides flexibility. However, equity has been volatile and declined from the 2025 annual level (~2.37M) to TTM (~0.72M), reflecting ongoing losses and potential funding needs. Assets are moderate (~2.10M TTM), but returns to shareholders are deeply negative in TTM due to the net loss, highlighting dilution/financing risk if losses persist.

Cash Flow

Cash generation is weak: TTM (Trailing-Twelve-Months) operating cash flow is materially negative (about -3.9M) and free cash flow is also negative (about -4.1M), implying continued cash burn to fund operations. While free cash flow appears to track net losses closely (cash burn broadly consistent with accounting losses), the direction is unfavorable—TTM cash burn is worse than the 2025 annual period and far worse than 2024, increasing the likelihood of additional capital raises.

Breakdown	Nov 2025	Nov 2024	Nov 2023	Nov 2022	Nov 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00
Gross Profit	-38.46K	-35.22K	-36.15K	-26.20K	-10.89K
EBITDA	-4.96M	-1.84M	―	-2.70M	-3.63M
Net Income	-5.00M	-1.87M	-3.50M	-2.72M	-5.87M
Balance Sheet
Total Assets	4.01M	1.45M	1.19M	454.69K	680.37K
Cash, Cash Equivalents and Short-Term Investments	3.18M	1.19M	453.47K	70.61K	420.99K
Total Debt	0.00	0.00	0.00	0.00	0.00
Total Liabilities	1.64M	524.84K	651.63K	750.20K	179.30K
Stockholders Equity	2.37M	925.34K	537.55K	-295.52K	501.06K
Cash Flow
Free Cash Flow	-3.31M	-796.89K	-1.60M	-2.21M	-2.89M
Operating Cash Flow	-3.12M	-796.89K	-1.57M	-2.10M	-2.83M
Investing Cash Flow	-177.48K	90.40K	-25.93K	-97.44K	2.85M
Financing Cash Flow	5.31M	1.45M	2.03M	1.85M	112.42K

Kalo Gold Holdings Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.30
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:KALO, the sentiment is Neutral. The current price of 0.3 is above the 20-day moving average (MA) of 0.23, above the 50-day MA of 0.25, and below the 200-day MA of 0.30, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 50.96 is Neutral, neither overbought nor oversold. The STOCH value of 61.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:KALO.

Kalo Gold Holdings 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%
GRC	51 Neutral	C$25.47M	-24.04	-2.66%	―	―	11.43%
VLC	48 Neutral	C$40.91M	-7.94	-9.10%	―	―	―
PRG	47 Neutral	C$52.80M	-3.32	-30.30%	―	―	-296.61%
AMM	46 Neutral	C$33.65M	-3.13	-103.86%	―	―	―
KALO	44 Neutral	C$28.80M	-3.15	-446.15%	―	―	-58.16%
QIM	42 Neutral	C$26.78M	-2.66	-113.96%	―	―	-107.64%

Kalo Gold Holdings Corporate Events

Kalo Gold Deploys Rapid detectORE Screening to Sharpen Vatu Aurum Drill Targeting

Kalo Gold Corp. has adopted the detectORE gold screening system at its Vatu Aurum project in Fiji, enabling rapid on-site screening of rock, trench, core, and soil samples. Internal validation of 824 samples showed a strong linear correlation between detectORE units and certified Fire Assay gold results, supporting its use as a reliable screening tool.

The technology allows Kalo’s geologists to update interpretations in near real time and dynamically adjust drill targeting in complex epithermal gold systems. While certified Fire Assay will remain the basis for reportable results, the detectORE system is expected to materially improve exploration efficiency and decision-making, potentially accelerating target refinement and drilling success for stakeholders.

The most recent analyst rating on (TSE:KALO) stock is a Hold with a C$0.24 price target. To see the full list of analyst forecasts on Kalo Gold Holdings stock, see the TSE:KALO Stock Forecast page.

Kalo Gold Advances Target Definition at Fiji’s Vatu Aurum Project

Kalo Gold Corp. has launched its 2026 field program at the Vatu Aurum Project in Fiji, completing LiDAR and orthophotography surveys and preparing airborne magnetic and radiometric surveys to build a regional geophysical framework. The work integrates historical core relogging, detailed mapping, and expanded soil geochemistry to better understand alteration, structure, and mineralization across key zones such as Aurum Prime and Wainikoro.

At Wainikoro, systematic soil sampling is refining gold-arsenic anomalies along interpreted structural corridors to move this greenfield area toward defined drill targets. Across the project, Kalo is using multi-platform data integration to rank and sequence priority drill targets, with decisions on next-phase drilling to follow interpretation of the February airborne survey and ongoing technical evaluation.

The most recent analyst rating on (TSE:KALO) stock is a Hold with a C$0.24 price target. To see the full list of analyst forecasts on Kalo Gold Holdings stock, see the TSE:KALO Stock Forecast page.

Kalo Gold Raises $12.45 Million to Advance Vatu Aurum Exploration

Kalo Gold Corp. has closed the second and final tranches of its Listed Issuer Financing Exemption offering and concurrent non-brokered private placement, raising total gross proceeds of approximately $12.45 million through the issuance of 38,920,275 units priced at $0.32 each. Each unit comprises one common share and one-half common share purchase warrant, with warrants exercisable at $0.50 for 36 months and subject to an acceleration clause, while securities issued under the LIFE tranche are free of the standard Canadian hold period and the concurrent placement securities are subject to a four-month hold. The company plans to use the funds primarily for drilling and exploration at its Vatu Aurum Project as well as for working capital, marketing and general corporate purposes, reinforcing its exploration program in 2026; finder’s fees and finder’s warrants were paid in connection with the financing, and a small insider participation was treated as a related party transaction under Canadian securities rules but fell within available exemptions given its size relative to Kalo’s market capitalization.

The most recent analyst rating on (TSE:KALO) stock is a Hold with a C$0.27 price target. To see the full list of analyst forecasts on Kalo Gold Holdings stock, see the TSE:KALO Stock Forecast page.

Kalo Gold Launches District-Scale Airborne Geophysics and LiDAR Survey at Fiji’s Vatu Aurum Project

Kalo Gold Corp. has initiated a major district-scale helicopter-borne airborne geophysics and LiDAR survey over its 100%-owned Vatu Aurum Project in Fiji, covering approximately 5,700 line-kilometres. Executed by Pioneer Exploration Consultants, the high-resolution magnetic, radiometric, LiDAR and orthophotography program aims to refine structural interpretation, map lithology and alteration, and identify and rank structural corridors and feeder zones. The data will be processed in real time, integrated into Kalo’s geological model, and used to prioritize drill targets and shape the company’s 2026 drilling campaign, marking a significant step in de-risking and systematically advancing its district-scale epithermal gold exploration in Fiji.

The most recent analyst rating on (TSE:KALO) stock is a Hold with a C$0.32 price target. To see the full list of analyst forecasts on Kalo Gold Holdings stock, see the TSE:KALO Stock Forecast page.

Kalo Gold Raises C$10.48 Million in First Tranche of Financing to Advance Vatu Aurum Project

Kalo Gold Corp. has closed the first tranche of its previously announced non-brokered Listed Issuer Financing Exemption offering and concurrent private placement, raising a combined C$10.48 million through the issuance of 32,759,375 units at C$0.32 per unit. Each unit comprises one common share and one-half of a warrant exercisable at C$0.50 for 36 months, with LIFE Offering securities freely tradable in Canada and Concurrent Offering securities subject to a four-month hold. The company plans to use the proceeds to fund drilling and exploration at its Vatu Aurum Project in addition to working capital, marketing and general corporate purposes, while noting that further tranches may be completed subject to TSX Venture Exchange and regulatory approvals; an insider participated for approximately C$500,000, structured under available related-party transaction exemptions.

Kalo Gold Sets December 23 Effective Date for 4-for-1 Share Consolidation

Kalo Gold Corp. will proceed with a 4-for-1 consolidation of its common shares effective December 23, 2025, reducing the number of issued and outstanding shares to approximately 78.6 million while leaving its corporate name unchanged and assigning new CUSIP and ISIN identifiers to the post-consolidation stock. The share consolidation will proportionately adjust the terms of all outstanding convertible securities and requires registered shareholders holding physical certificates to exchange them through the company’s transfer agent, a move that is typically aimed at tightening the capital structure and potentially improving the company’s trading profile on the TSX Venture Exchange.