Leviathan Gold (LVX) AI Stock Analysis

• Market Cap: C$68.91M
• Dividend Yield: N/A
• Average Volume (3M): 130.55K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.86
• Revenue Growth: N/A
• EPS Growth: 28.32%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): N/A
• Shares Outstanding: 98,444,760
• 10 Day Avg. Volume: 99,587
• 30 Day Avg. Volume: 130,553
• PEG Ratio: 0.40
• Price to Book (P/B): 2.05
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -5.97
• 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: 49 Neutral
• Price Target: C$0.70 ▼(-21.69% Downside)

The score is held back primarily by weak financial performance: no revenue, continued losses, and increasing cash burn that implies reliance on external financing. Technicals are a notable positive with a strong uptrend and positive MACD, but overbought signals add near-term risk. Valuation is constrained by negative earnings and no dividend support.

Positive Factors

Low Leverage

A zero reported debt load and 0.0 debt-to-equity materially reduce solvency risk and interest burden over the medium term. This conservatively financed balance sheet gives the company time and optionality to fund exploration or development without immediate leverage pressure, preserving strategic flexibility for 2-6 months and beyond.

Gold Industry Exposure

Exposure to the gold sector provides structural demand support as investors and institutions treat gold as a long-duration store of value. For a miner/developer, this can underpin project economics and access to capital through commodity-driven investor interest, sustaining strategic relevance across market cycles.

Below-Market Beta

A beta below 1.0 indicates lower market sensitivity versus peers, which can reduce equity financing cost volatility and limit valuation swings when raising capital. More stable public trading dynamics help management execute multi-quarter exploration and development plans with fewer disruptive valuation-driven constraints.

Negative Factors

Pre-revenue Operations

The company remains pre-revenue with no operating income, meaning cash must be sourced externally to fund operations. Without demonstrated commercial production or revenue, operational progress must convert exploration into saleable output to achieve sustainable margins and ROE over the medium term.

Weak Cash Generation

Consistently negative operating and free cash flows, with FCF worsening year-over-year, indicate losses are translating into real cash burn. This undermines internal funding capacity, increases dilution risk from future financings, and constrains the company's ability to invest in project advancement without external capital.

Reliance on External Financing

Management dependence on external capital to cover persistent losses creates execution risk: access, timing, and dilution from financings can alter project pacing and ownership economics. Over the next several quarters, capital-raising conditions and investor appetite will materially affect the firm's ability to sustain exploration and development.

Leviathan Gold Business Overview & Revenue Model

Company Description

Leviathan Gold Ltd. engages in the acquisition, exploration, and evaluation of resource properties in Australia. Its principal properties are its 100% owned Avoca project covering an area of approximately 106 km2; and the Timor project, which covers an area of approximately 121 km2 located in the State of Victoria, Australia. The company was incorporated in 2020 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Leviathan Gold makes money through the exploration, extraction, and sale of gold. The company's primary revenue stream comes from selling the gold it produces to various customers, including gold refineries and investors. As a mining company, Leviathan Gold may also partner with other mining firms or enter into joint ventures to share the risks and rewards associated with large-scale mining operations. The company's earnings are influenced by factors such as gold market prices, production costs, and the successful discovery and development of new mining sites. Additionally, strategic investments in technology and efficient mining practices help optimize production and enhance profitability.

Leviathan Gold Financial Statement Overview

Summary

Pre-revenue with persistent and growing net losses and worsening free cash flow (higher cash burn in 2025 vs 2024). The main offset is a conservatively financed balance sheet with no reported debt, but ongoing funding needs remain a key risk.

Income Statement

The company is still pre-revenue (total revenue is 0 across all reported years), and losses remain material. Net income was a loss of ~1.8M in 2025 vs ~1.4M in 2024, indicating a step-up in spending and weaker year-over-year profitability. While losses are smaller than the very large deficit seen in 2021, the overall profile is still characterized by ongoing negative earnings and no demonstrated operating leverage.

Balance Sheet

Leverage is very low with total debt reported at 0 and a 0.0 debt-to-equity ratio, which meaningfully reduces financial risk. However, shareholder equity has been volatile (down sharply from 2021 levels, then partially rebuilt), and returns on equity remain negative due to continued net losses (ROE is negative in every year shown). Overall, the balance sheet looks conservatively financed, but still dependent on funding to support ongoing losses.

Cash Flow

Cash generation is weak with consistently negative operating cash flow and free cash flow. Free cash flow worsened to about -1.80M in 2025 from about -1.25M in 2024, and the latest free cash flow growth is sharply negative. Cash outflows broadly track accounting losses (free cash flow to net income is ~1.0), which suggests losses are translating into real cash burn rather than being offset by non-cash items—raising the importance of continued financing.

Breakdown	TTM	Dec 2025	Dec 2023	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-1.39K	-1.39K	-41.84K	-18.38K	-68.32K	-15.37K
EBITDA	-1.82M	-1.77M	-1.35M	-1.34M	-3.59M	-4.95M
Net Income	-1.77M	-1.77M	-1.34M	-1.36M	-3.65M	-4.96M
Balance Sheet
Total Assets	5.69M	5.69M	4.68M	3.43M	5.96M	9.33M
Cash, Cash Equivalents and Short-Term Investments	3.83M	3.83M	3.91M	2.66M	5.01M	8.18M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	453.71K	453.71K	184.49K	278.08K	124.59K	443.65K
Stockholders Equity	5.23M	5.23M	4.49M	3.15M	5.83M	8.88M
Cash Flow
Free Cash Flow	-2.00M	-1.80M	-1.26M	-1.25M	-3.13M	-3.79M
Operating Cash Flow	-1.80M	-1.80M	-1.26M	-1.25M	-3.11M	-2.82M
Investing Cash Flow	-191.38K	-191.38K	161.33K	964.00	-19.75K	-967.18K
Financing Cash Flow	2.82M	3.17M	0.00	0.00	0.00	12.01M

Leviathan Gold Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.89
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:LVX, the sentiment is Neutral. The current price of 0.89 is above the 20-day moving average (MA) of 0.80, above the 50-day MA of 0.67, and above the 200-day MA of 0.44, indicating a neutral trend. The MACD of 0.01 indicates Positive momentum. The RSI at 37.61 is Neutral, neither overbought nor oversold. The STOCH value of 7.43 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:LVX.

Leviathan Gold 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%
ALTA	56 Neutral	C$60.78M	-27.94	-5.78%	―	―	37.37%
SOI	55 Neutral	C$79.78M	-77.08	-2.23%	―	―	-50.00%
TSG	53 Neutral	C$93.30M	-44.55	-4.12%	―	―	50.45%
YGT	52 Neutral	C$97.22M	-55.26	-2.88%	―	―	36.67%
ANK	51 Neutral	C$71.01M	-17.72	-351.37%	―	―	-379.07%
LVX	49 Neutral	C$68.91M	-11.50	-42.27%	―	―	28.32%

Leviathan Gold Corporate Events

Leviathan Metals Reports High-Grade Zinc, Lead and Silver Trenches at Foča Project

Leviathan Metals has reported high-grade near-surface zinc, lead and silver mineralization from its 2025 mechanical trenching program along the Vrela-Kremin trend within the Marevo license at the Foča Project in Bosnia and Herzegovina, with standout intervals including 14 meters at 7.78% zinc equivalent within 27 meters at 4.63% zinc equivalent and 12 meters at 8.92% zinc equivalent within 29 meters at 4.67% zinc equivalent. The results confirm a 2.6-kilometre-long structural and geochemical corridor of base-metal mineralization, supported by historical Yugoslav drilling and geological mapping that points to structurally controlled, carbonate-hosted mineralization, positioning Leviathan as an early mover in a largely unexplored district and paving the way for a dedicated drilling campaign at Foča in the 2026 exploration season.

The most recent analyst rating on (TSE:LVX) stock is a Hold with a C$0.75 price target. To see the full list of analyst forecasts on Leviathan Gold stock, see the TSE:LVX Stock Forecast page.

Leviathan Metals Sells Timor Gold License to Au Gold Corp. and Launches Investor Marketing Push

Leviathan Metals has agreed to sell its Timor Gold Project license in Victoria, Australia, to Au Gold Corp. for a modest cash consideration and 5 million Au Gold shares, giving Leviathan’s Australian subsidiary an 11.16% equity stake and additional contingent payments linked to future compliant gold resources. The deal sheds a non-core asset while preserving exposure to potential exploration upside at Timor, and is complemented by a new strategic digital marketing and investor-relations campaign with 1502656 B.C. Ltd. aimed at boosting the company’s market profile, with the transaction still subject to TSX Venture Exchange approval.

The most recent analyst rating on (TSE:LVX) stock is a Hold with a C$0.88 price target. To see the full list of analyst forecasts on Leviathan Gold stock, see the TSE:LVX Stock Forecast page.

Leviathan Metals Targets 2026 Growth With Botswana and Bosnia Exploration Push

Leviathan Metals Corp. is repositioning its portfolio around high-potential copper, uranium and silver-base metal projects through major acquisitions in Botswana and Bosnia and Herzegovina, while preparing to divest its Australian assets. In 2025 the company secured 100% ownership of Cura Exploration Botswana Corp., gaining a significant land package on the Kalahari Copper Belt that includes the Central Project, viewed as a Tier 1 copper discovery opportunity, and a uranium portfolio centered on the Serule project adjacent to Lotus Resources’ Lethlakane project. Leviathan also completed the acquisition of Foča Metals Corp., giving it full control of the Foča Project in the underexplored but highly prospective Central Dinaride zone, where historic drilling and recent geochemical work suggest strong silver-base metal potential. With drilling campaigns planned and fully permitted in both Botswana and Bosnia and a staged sale of its Australian properties progressing, the company is positioning itself for a year of heightened exploration activity and potential value creation in 2026, supported by what it describes as a solid balance sheet and specialized regional expertise.

The most recent analyst rating on (TSE:LVX) stock is a Hold with a C$0.57 price target. To see the full list of analyst forecasts on Leviathan Gold stock, see the TSE:LVX Stock Forecast page.

Leviathan Metals Completes Strategic Amalgamation with Cura Exploration

Leviathan Metals Corp. has successfully completed an amalgamation with Cura Exploration Botswana Corp., acquiring 100% of Cura’s issued and outstanding securities. This strategic move grants Leviathan ownership of the Kalahari Copper and Uranium Exploration Portfolios in Botswana, including the Central Project, which is adjacent to significant copper deposits. The acquisition enhances Leviathan’s position in the mining industry, particularly in Botswana, a politically stable and mining-friendly jurisdiction. The transaction involved exchanging common shares and warrants, positioning Leviathan for potential growth in copper and uranium exploration.

Leviathan Gold Rebrands as Leviathan Metals Corp., Shifts Focus to Strategic Mineral Exploration

Leviathan Gold Ltd. has announced a name change to Leviathan Metals Corp., reflecting its strategic focus on copper, uranium, and polymetallic exploration. The company has received conditional approval for the acquisition of a Botswana property portfolio, with trading under the new name expected to commence on November 14, 2025. The name change and acquisition are part of Leviathan’s broader strategy to enhance its market positioning and operational focus.