Nation Gold Corp. (TSE:NATN)
:NATN
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Nation Gold Corp.
(NATN)
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Rating:44Neutral
Price Target:
C$0.19
▲(7.78% Upside)
Action:ReiteratedDate:03/24/26
The score is held down primarily by weak financial performance (no revenue, ongoing losses, and negative cash flow), with additional pressure from weak technical momentum (below key moving averages and negative MACD). Positive corporate developments (OTCQB listing, Bonito acquisition, and financing actions) provide a partial offset, but do not yet change the loss-making, cash-consuming profile.
Positive Factors
Debt-free balance sheet
A debt-free capital structure meaningfully lowers financial risk for a development-stage miner, reducing interest obligations and insolvency pressure. This structural strength improves the company’s ability to preserve runway, access project financing on better terms, and prioritize capex for advancing Bonito.
Negative Factors
No revenue and persistent net losses
Absence of operating revenue means the company remains development-stage and must rely on capital markets rather than operating cash to fund activity. Persistent net losses indicate limited operational progress toward commercial production and elevate execution and financing risk over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A debt-free capital structure meaningfully lowers financial risk for a development-stage miner, reducing interest obligations and insolvency pressure. This structural strength improves the company’s ability to preserve runway, access project financing on better terms, and prioritize capex for advancing Bonito.
Read all positive factors
Nation Gold Corp. (NATN) vs. iShares MSCI Canada ETF (EWC)
Market Cap
N/A
Dividend YieldN/A
Average Volume (3M)21.86K
Price to Earnings (P/E)―
Beta (1Y)0.98
Revenue GrowthN/A
EPS GrowthN/A
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)N/A
Shares Outstanding16,329,920
10 Day Avg. Volume24,850
30 Day Avg. Volume21,865
Financial Highlights & Ratios
PEG Ratio0.66
Price to Book (P/B)1.10
Price to Sales (P/S)0.00
P/FCF Ratio-11.25
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Nation Gold Corp. Business Overview & Revenue Model
Company Description
Nation Gold Corp. engages in the acquisition, exploration, and development of mineral resource properties. The company explores for gold and silver deposits. It holds a 100% interest in the Cattle Creek property comprising 4 mineral claims that co...
Nation Gold Corp. Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
22
Negative
| Breakdown | TTM | Apr 2025 | Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 |
|---|---|---|---|---|---|---|
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 | -72.28K | 0.00 | 0.00 | -165.79K | -263.87K | -219.01K |
| Net Income | -65.32K | -61.88K | -82.15K | -165.79K | -263.87K | -219.01K |
Balance Sheet | ||||||
| Total Assets | 883.39K | 891.48K | 956.65K | 1.04M | 1.14M | 582.38K |
| Cash, Cash Equivalents and Short-Term Investments | 683.92K | 692.74K | 779.85K | 857.28K | 980.63K | 436.15K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 3.13K | 1.05K | 4.34K | 3.20K | 3.67K | 286.55K |
| Stockholders Equity | 880.27K | 890.43K | 952.31K | 1.03M | 1.14M | 295.84K |
Cash Flow | ||||||
| Free Cash Flow | -86.34K | -87.11K | -77.44K | -123.34K | -559.27K | 6.13K |
| Operating Cash Flow | -64.27K | -65.05K | -57.53K | -106.36K | -559.27K | 21.75K |
| Investing Cash Flow | -22.07K | -22.07K | -19.91K | -16.98K | 0.00 | -15.63K |
| Financing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 1.10M | 428.53K |
Nation Gold Corp. Technical Analysis
Negative
0.18
Price Trends
0.22
Negative
0.20
Negative
0.15
Positive
Market Momentum
-0.01
Positive
37.03
Neutral
44.44
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NATN, the sentiment is Negative. The current price of 0.18 is below the 20-day moving average (MA) of 0.19, below the 50-day MA of 0.22, and above the 200-day MA of 0.15, indicating a neutral trend. The MACD of -0.01 indicates Positive momentum. The RSI at 37.03 is Neutral, neither overbought nor oversold. The STOCH value of 44.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:NATN.
Nation Gold Corp. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
49 Neutral | C$1.14M | -54.68 | -88.34% | ― | ― | 99.38% | |
44 Neutral | ― | -26.13 | ― | ― | ― | ― | |
43 Neutral | C$3.26M | -34.21 | -22.19% | ― | ― | -4.55% | |
| ― | C$1.14M | -1.38 | -10.56% | ― | ― | 67.32% | |
| ― | C$1.24M | -3.84 | ― | ― | ― | ― |
* Basic Materials Sector Average
TSE:NATN
Nation Gold Corp.
0.17
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175.00%
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Nation Gold Corp. Corporate Events
Business Operations and StrategyExecutive/Board Changes
Nation Gold Adds Veteran Financier to Board and Issues New Stock Options
Positive
Apr 8, 2026
Nation Gold Corp. has appointed veteran capital markets executive Michael Townsend as an independent director, succeeding Craig Taylor, who is stepping down after four years to pursue other opportunities. Townsend, a major shareholder with over th...
Business Operations and StrategyDelistings and Listing ChangesM&A Transactions
Nation Gold Begins OTCQB Trading to Expand U.S. Investor Reach
Positive
Feb 27, 2026
Nation Gold Corp., a Vancouver-based exploration company targeting large precious metals deposits in Tier 1 jurisdictions, recently secured a definitive agreement to acquire the historic Bonito gold-silver project in New Mexico and also holds the ...
Business Operations and StrategyPrivate Placements and Financing
Nation Gold Revises Private Placement Terms and Hires IR Firm Momentum
Positive
Feb 20, 2026
Nation Gold Corp. has amended the terms of its non-brokered private placement, now targeting up to 7.5 million units at $0.20 each for gross proceeds of up to $1.5 million, with an option to increase to 7.8 million units and $1.56 million. Each un...
Business Operations and StrategyM&A Transactions
Nation Gold to Acquire 100% of Bonito Gold-Silver Project in New Mexico
Positive
Feb 4, 2026
Nation Gold Corp. has signed a definitive agreement for its U.S. subsidiary to acquire 100% of the Bonito gold-silver project in the Nogal-Bonito Mining District of New Mexico, a 25-claim property with road access, nearby infrastructure and a hist...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.