Leviathan Gold (LVX) AI Stock Analysis

• Market Cap: C$68.23M
• Dividend Yield: N/A
• Average Volume (3M): 130.55K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.77
• Revenue Growth: N/A
• EPS Growth: 28.32%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): -0.01
• Shares Outstanding: 98,882,260
• 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: 43 Neutral
• Price Target: C$0.69 ▼(-23.03% Downside)
• Action: Reiterated Date: 02/06/26
• Date: Action: Reiterated 02/06/26

The score is primarily constrained by weak financial performance (no revenue, ongoing losses, and increasing cash burn), partially offset by a low-risk capital structure with no debt. Technicals are mixed but lean weak in the near term, and valuation support is limited because the company is loss-making and pays no dividend.

Positive Factors

No Debt / Low Leverage

Zero reported debt provides durable financial flexibility: the company avoids fixed interest obligations, lowers bankruptcy risk, and can prioritize capital deployment toward exploration or development. Over a 2-6 month horizon this reduces refinancing pressure and preserves optionality for strategic funding choices.

Industry Exposure (Gold)

Operating in the gold sector gives structural demand support as a store-of-value commodity. For a junior explorer, that underpins long-term investor and partner interest across cycles, aiding access to strategic financing, offtake or JV opportunities that can materially advance projects over multiple quarters.

Below-Market Systematic Volatility

A beta near 0.77 indicates lower systematic volatility versus the broader market. Structurally, that can smooth financing windows and investor reactions, helping preserve equity value through market swings and making periodic capital raises marginally less sensitive to short-term macro shocks.

Negative Factors

Pre-Revenue Operations

Being pre-revenue with no operating sales means the firm lacks internal cash generation from operations. Over the medium term this limits ability to self-fund exploration/development, forces dependence on external capital, and extends time-to-profitability unless material project milestones are achieved.

Worsening Cash Burn

Free cash flow deterioration and consistently negative operating cash flow mean losses convert into real cash outflows. This structural cash burn raises the frequency and size of future financing needs, increases dilution risk, and elevates execution risk if capital markets tighten or funding terms worsen.

Volatile Equity and Negative ROE

Volatile shareholder equity and persistently negative ROE signal weak capital efficiency and reliance on recapitalization. Over months this creates governance and funding vulnerability: repeated equity raises can dilute stakeholders and complicate long-term value creation absent a clear path to profitable operations.

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 net losses and worsening cash burn (free cash flow about -1.80M in 2025 vs -1.25M in 2024). The key offset is a conservatively financed balance sheet with no debt, but the business remains dependent on external funding until revenues emerge.

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	Sep 2025	Sep 2023	Sep 2022	Sep 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00
Gross Profit	-433.00	-1.39K	-18.38K	-68.32K	-15.37K
EBITDA	-1.92M	-1.77M	-1.34M	-3.59M	-4.95M
Net Income	-1.88M	-1.77M	-1.36M	-3.65M	-4.96M
Balance Sheet
Total Assets	29.18M	5.69M	3.43M	5.96M	9.33M
Cash, Cash Equivalents and Short-Term Investments	2.97M	3.83M	2.66M	5.01M	8.18M
Total Debt	0.00	0.00	0.00	0.00	0.00
Total Liabilities	835.69K	453.71K	278.08K	124.59K	443.65K
Stockholders Equity	28.34M	5.23M	3.15M	5.83M	8.88M
Cash Flow
Free Cash Flow	-2.12M	-1.80M	-1.25M	-3.13M	-3.79M
Operating Cash Flow	-1.78M	-1.80M	-1.25M	-3.11M	-2.82M
Investing Cash Flow	351.20K	-191.38K	964.00	-19.75K	-967.18K
Financing Cash Flow	2.82M	3.17M	0.00	0.00	12.01M

Leviathan Gold Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.89
• 50DMA: Negative
• 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:LVX, the sentiment is Negative. The current price of 0.89 is above the 20-day moving average (MA) of 0.69, above the 50-day MA of 0.72, and above the 200-day MA of 0.48, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 47.83 is Neutral, neither overbought nor oversold. The STOCH value of 62.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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%
SOI	53 Neutral	C$79.45M	-30.79	-2.23%	―	―	-50.00%
TSG	53 Neutral	C$105.62M	-97.00	-4.12%	―	―	50.45%
YGT	52 Neutral	C$112.52M	-33.67	-2.88%	―	―	36.67%
ANK	51 Neutral	C$66.59M	-10.15	-351.37%	―	―	-379.07%
ALTA	45 Neutral	C$57.82M	-31.32	-5.78%	―	―	37.37%
LVX	43 Neutral	C$68.23M	-13.21	-42.27%	―	―	28.32%

Leviathan Gold Corporate Events

Leviathan Metals Expands Foča Footprint With New Tjemenik License

Leviathan Metals has secured the new Tjemenik exploration license in Republika Srpska, expanding its Foča Project to 150.7 square kilometres and consolidating its position in a highly prospective, underexplored polymetallic district. The Tjemenik area adjoins the existing Marevo license and covers the same faulted Permo-Triassic rocks that host the high-grade Vrela-Kremin polymetallic trend, where surface trench sampling has already returned robust zinc-equivalent grades.

Management says the added ground strengthens Leviathan’s first-mover advantage and showcases the relative ease of acquiring exploration rights in Bosnia, while a pending Podovi license could further enlarge the land package. The enlarged footprint around Foča, located near other major Central Dinaride deposits, underscores the company’s strategy to build scale in a region considered to have significant but largely untapped metal endowment.

The most recent analyst rating on (TSE:LVX) stock is a Sell with a C$0.70 price target. To see the full list of analyst forecasts on Leviathan Gold stock, see the TSE:LVX Stock Forecast page.

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.