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Nevada King Gold Corp
(OTC:NKG)
Nevada King Gold Corp (NKG) vs. iShares MSCI Canada ETF (EWC)
Nevada King Gold Corp Business Overview & Revenue Model
Nevada King Gold Corp Financial Statement Overview
| Breakdown | |||||
| TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| -56.31K | -60.66K | -37.14K | -21.51K | 0.00 | 0.00 | EBIT |
| -16.26M | -27.13M | -23.27M | -6.92M | -1.94M | -2.59M | EBITDA |
| -16.11M | -26.76M | 7.45M | -6.87M | -1.93M | -2.55M | Net Income Common Stockholders |
| -17.30M | -27.01M | -53.59M | -6.89M | -1.96M | -2.55M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 6.14M | 5.45M | 7.93M | 13.15M | 987.70K | 1.66M | Total Assets |
| 20.83M | 36.21M | 37.66M | 74.75M | 28.56M | 9.40M | Total Debt |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Net Debt |
| -6.14M | -5.45M | -7.93M | -13.15M | -987.70K | -1.66M | Total Liabilities |
| 466.48K | 755.27K | 1.28M | 255.57K | 156.43K | 124.90K | Stockholders Equity |
| 20.37M | 35.45M | 36.39M | 74.49M | 28.40M | 9.28M |
| Cash Flow | Free Cash Flow | ||||
| -15.84M | -26.97M | -17.60M | -3.02M | -2.49M | -7.25M | Operating Cash Flow |
| -15.79M | -26.97M | -17.20M | -2.86M | -1.91M | -2.17M | Investing Cash Flow |
| -636.68K | -1.31M | -3.70M | 11.82M | -18.99M | -1.94M | Financing Cash Flow |
| 20.35M | 25.80M | 15.67M | 3.20M | 20.22M | 4.12M |
Nevada King Gold Corp Technical Analysis
Nevada King Gold Corp Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
58 Neutral | C$148.52M | ― | -6.47% | ― | ― | 9.52% | |
51 Neutral | $2.04B | -1.26 | -21.09% | 3.98% | 2.91% | -30.49% | |
46 Neutral | $63.61M | ― | -65.41% | ― | ― | 78.66% | |
| $42.33M | ― | -70.88% | ― | ― | ― | ||
| $86.09M | ― | -84.30% | ― | ― | ― | ||
| $96.09M | ― | -5.32% | ― | ― | ― | ||
46 Neutral | C$119.53M | ― | -49.32% | ― | ― | 42.21% |
Nevada King Gold Corp Corporate Events
Nevada King Gold Corp announced significant findings from its Phase III drill program at the Silver Park target within its Atlanta Gold Mine Project. The drilling results revealed a strong geological connection between Silver Park and the Atlanta Resource Zone, suggesting a new district-scale potential for mineralization similar to the Atlanta deposit. The discovery of elevated gold and silver values over a large area, including a notable intercept of 1.11 g/t AuEq over 25m, indicates the potential for a significant new deposit. This development could enhance Nevada King’s operational scope and market positioning by expanding its resource base beyond the known Atlanta Resource Zone.
Spark’s Take on TSE:NKG Stock
According to Spark, TipRanks’ AI Analyst, TSE:NKG is a Underperform.
The overall score reflects the speculative and high-risk nature of Nevada King Gold Corp as an exploration-stage company. While the balance sheet’s lack of debt is a positive aspect, the heavy reliance on external financing for cash flow sustainability could pose future risks. Technical indicators suggest a bearish trend, and valuation metrics highlight the company’s pre-revenue status. Recent corporate events offer potential upside but require successful exploration outcomes.
To see Spark’s full report on TSE:NKG stock, click here.
Nevada King Gold Corp. has successfully closed a non-brokered private placement, raising $11.5 million through the issuance of 46 million common shares at $0.25 each. The proceeds will be used to advance the Atlanta Gold Mine Project and for working capital. The placement was fully subscribed by insiders and existing shareholders, with significant participation from the company’s CEO and a major shareholder. This strategic move is expected to bolster Nevada King’s operational capabilities and enhance its position in the gold mining industry.
Spark’s Take on TSE:NKG Stock
According to Spark, TipRanks’ AI Analyst, TSE:NKG is a Neutral.
Nevada King Gold Corp’s overall score reflects its speculative and high-risk profile as an exploration-stage company with zero revenue and negative cash flows. While the absence of debt and recent successful financing provide some stability, the company’s reliance on external funding and weak technical indicators pose challenges. Positive corporate developments, such as expanding exploration efforts and securing new institutional investors, offer potential upside but require successful execution to translate into tangible results.
To see Spark’s full report on TSE:NKG stock, click here.
Nevada King Gold Corp has announced an expansion of its Phase III drilling program at the Atlanta Gold Mine Project from 20,000 meters to 30,000 meters. This decision follows promising initial findings from the ongoing drilling, particularly at the Atlanta North and Silver Park targets. The company has faced challenges at the Atlanta South target due to the Eureka Quartzite but has overcome these hurdles, marking significant progress. This expansion underscores Nevada King’s commitment to advancing its exploration efforts, potentially enhancing its resource base and strengthening its position in the gold mining industry.
Spark’s Take on TSE:NKG Stock
According to Spark, TipRanks’ AI Analyst, TSE:NKG is a Neutral.
Nevada King Gold Corp’s overall stock score reflects its speculative nature as an exploration-stage company with no revenue and negative cash flows. The lack of debt and recent financing provide some stability, but technical indicators are weak. Positive corporate developments offer potential upside if exploration efforts succeed.
To see Spark’s full report on TSE:NKG stock, click here.
Nevada King Gold Corp has announced an increase in its non-brokered private placement to $11.5 million, driven by demand from existing shareholders. The proceeds will be used to advance the Atlanta Gold Mine Project and for general working capital. CEO Collin Kettell is significantly involved in the offering, selling a portion of his shares to a U.S.-based fund to finance his subscription, which impacts his shareholding in the company.
Spark’s Take on TSE:NKG Stock
According to Spark, TipRanks’ AI Analyst, TSE:NKG is a Neutral.
Nevada King Gold Corp’s overall stock score reflects its speculative nature as an exploration-stage company with no revenue and negative cash flows. The lack of debt and recent financing provide some stability, but technical indicators are weak. Positive corporate developments offer potential upside if exploration efforts succeed.
To see Spark’s full report on TSE:NKG stock, click here.
Nevada King Gold Corp. has announced a fully allocated non-brokered private placement financing of $11 million, welcoming a prominent U.S.-based gold fund as a new shareholder. This strategic move is expected to enhance the company’s institutional shareholder base and demonstrates strong confidence in the Atlanta Gold Mine Project. The proceeds from this offering will be used to advance the Atlanta Gold Mine Project and for general working capital purposes, with insiders and existing shareholders also increasing their stakes, reflecting a strong alignment with the company’s goals.
Spark’s Take on TSE:NKG Stock
According to Spark, TipRanks’ AI Analyst, TSE:NKG is a Neutral.
Nevada King Gold Corp’s stock score reflects the speculative nature of its exploration-stage operations, highlighted by zero revenue and negative cash flows. While the absence of debt is a positive sign, the reliance on external financing presents a risk. Recent corporate announcements about successful mineral exploration could enhance future prospects, but current technical indicators and valuation metrics suggest cautious investor sentiment.
To see Spark’s full report on TSE:NKG stock, click here.
Nevada King Gold Corp announced the final results from its Phase II drill program at the Atlanta Gold Mine Project, revealing significant gold and silver mineralization. The results, which include high-grade intercepts, have more than doubled the known mineralized footprint at Atlanta, suggesting potential for further expansion. The findings are expected to enhance the company’s understanding of the resource zone and support ongoing efforts to define additional mineralized zones, potentially impacting the company’s market positioning and stakeholder interests.
Nevada King Gold Corp has announced successful results from its Phase II drill program at the Atlanta Gold Mine Project, with significant gold mineralization detected in the northern portion of the Atlanta resource zone. The drilling extended the pit mineralization towards the North Extension Target and revealed thicker and higher-grade mineralization than previously recognized, which could enhance the company’s resource base and influence its strategic drilling plans. These findings are crucial as Nevada King commences Phase III of their exploration program, aiming to identify further deposits by leveraging geological models and high-resolution geophysical data.
Nevada King Gold Corp has received approval from the Bureau of Land Management and the State of Nevada for modifications to its Phase III drill program at the Atlanta Gold Mine Project. This approval allows the company to construct 47 additional drill pads and new roads, enabling further exploration of gold mineralization in the South Quartzite Ridge Target. The ongoing drill program aims to expand mineralization and identify new deposits within the Atlanta District, leveraging technical insights from previous drilling phases.