Mexican Gold Corp (MEX) AI Stock Analysis

• Market Cap: C$1.51M
• Dividend Yield: N/A
• Average Volume (3M): 16.40K
• Price to Earnings (P/E): ―
• Beta (1Y): -1.07
• Revenue Growth: N/A
• EPS Growth: 31.71%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 62
• Industry: Other Precious Metals
• EPS (TTM): >-0.01
• Shares Outstanding: 25,234,278
• 10 Day Avg. Volume: 22,590
• 30 Day Avg. Volume: 16,396
• PEG Ratio: -0.18
• Price to Book (P/B): 120.01
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -6.19
• 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

• Rating: 29 Underperform
• Price Target: ―

Mexican Gold Corp faces significant challenges with no revenue generation and persistent financial losses, which severely impact its overall stock score. The recent private placement offers a temporary financial lifeline, but the company's valuation remains unattractive with negative earnings. Technical indicators show mixed signals, with short-term momentum providing a glimmer of hope. Overall, the company's precarious financial position significantly weighs down its stock score.

Mexican Gold Corp Business Overview & Revenue Model

Company Description

Mexican Gold Mining Corp., a mineral exploration company, engages in the acquisition, exploration, and evaluation of resource properties in Mexico. The company primarily explores for gold and copper deposits. It holds a 100% interest in the Las Minas project that consists of six mineral concessions located in the Las Minas district in the state of Veracruz, Mexico. The company was formerly known as Mexican Gold Corp. and changed its name to Mexican Gold Mining Corp. in February 2020. Mexican Gold Mining Corp. was incorporated in 2006 and is based in Vancouver, Canada.

How the Company Makes Money

Mexican Gold Corp generates revenue primarily through the exploration and potential development of its mineral properties. The company seeks to increase its value by discovering economically viable mineral deposits, which can be sold to larger mining companies or developed into producing mines. Revenue may also be derived from joint venture agreements, where Mexican Gold Corp partners with other companies to share exploration and development costs and profits. Additionally, the company might engage in strategic partnerships or secure financing to fund its exploration activities, thus enhancing its ability to monetize its mineral assets.

Mexican Gold Corp Financial Statement Overview

Summary

Mexican Gold Corp's financial position is precarious, with no revenue generation and persistent losses across all financial verticals. The absence of debt is a positive aspect, but the company's inability to generate cash flow or profit poses significant risks. The shrinking asset base and declining equity ratio further increase the risk profile of the company, highlighting an urgent need for strategic restructuring to achieve stability and growth.

Income Statement

Mexican Gold Corp has not generated any revenue over the past years, which severely impacts its financial performance. The lack of revenue results in negative profit margins and EBIT margins, indicating ongoing operational challenges and inefficiencies. The consistent losses reflect the company's struggles to achieve profitability, which is crucial for long-term sustainability.

Balance Sheet

The balance sheet shows that the company has no debt, which reduces financial risk. However, the low stockholders' equity and significant net losses raise concerns about the company's ability to maintain financial stability. The equity ratio has decreased over time, indicating a shrinking asset base relative to equity, which is not a positive sign for potential investors.

Cash Flow

Free cash flow is negative, reflecting the company's inability to generate cash from its operations. The operating cash flow remains negative, which is alarming as it limits the company's ability to fund operations and growth without external financing. The company shows a deterioration in cash reserves, which may hinder its capacity to sustain operations without additional capital injections.

Breakdown
TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
-10.57K	-81.93K	-93.88K	0.00	0.00	0.00
	EBIT
-164.14K	-447.09K	-479.27K	-737.89K	-3.17M	-2.27M
	EBITDA
-363.98K	0.00	-479.27K	-737.89K	-3.17M	-2.27M
	Net Income Common Stockholders
-356.65K	-383.46K	-486.60K	-739.58K	-3.18M	-2.28M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
36.87K	210.51K	560.97K	92.02K	121.46K	1.86M
	Total Assets
49.27K	231.96K	686.90K	148.49K	362.49K	1.97M
	Total Debt
0.00	0.00	0.00	0.00	0.00	0.00
	Net Debt
-36.87K	-210.51K	-560.97K	-92.02K	-121.46K	-1.86M
	Total Liabilities
36.00K	19.41K	96.68K	85.19K	149.29K	69.13K
	Stockholders Equity
13.27K	212.55K	590.22K	63.30K	213.20K	1.90M
Cash Flow		Free Cash Flow
-305.67K	-350.46K	-542.90K	-522.04K	-3.14M	-1.88M
	Operating Cash Flow
-305.67K	-350.46K	-542.90K	-522.04K	-3.14M	-1.88M
	Investing Cash Flow
0.00	0.00	0.00	0.00	0.00	0.00
	Financing Cash Flow
0.00	0.00	1.01M	480.00K	1.39M	3.43M

Mexican Gold Corp Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.06
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MEX, the sentiment is Negative. The current price of 0.06 is below the 20-day moving average (MA) of 0.07, below the 50-day MA of 0.06, and above the 200-day MA of 0.06, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 44.80 is Neutral, neither overbought nor oversold. The STOCH value of 0.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:MEX.

Mexican Gold Corp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	51 Neutral	$2.02B	-1.14	-21.37%	3.64%	2.88%	-30.57%
KGS	32 Underperform	C$1.26M	―	-21.87%	―	―	26.15%
MEX	29 Underperform	C$1.51M	―	-209.73%	―	―	31.71%
LTHM	27 Underperform	C$1.39M	―	-1126.39%	―	―	14.62%
MMN		C$632.77K	―		―	―	―
MTH	26 Underperform	C$1.68M	―	-31.33%	―	―	-284.00%
EMSKF		$594.30K	―	-88.46%	―	―	―

Mexican Gold Corp Corporate Events

Mexican Gold Completes CAD $160,000 Private Placement to Boost Las Minas Project

Mexican Gold Mining Corp. has successfully closed a non-brokered private placement, raising CAD $160,000 through the issuance of 4,000,000 units at $0.04 per unit. The proceeds will primarily support the Las Minas project, cover claim fee payments, and fund general operations, with a small portion allocated to listing fees. The company adheres to the TSXV’s Minimum Price Exception, ensuring limited proceeds are used for non-arm’s length transactions and investor relations.