NuLegacy Gold (NUG) AI Stock Analysis

• Market Cap: C$3.62M
• Dividend Yield: N/A
• Average Volume (3M): 444.50K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.02
• Revenue Growth: N/A
• EPS Growth: -2283.33%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 64
• Industry: Gold
• EPS (TTM): -0.07
• Shares Outstanding: 723,773,900
• 10 Day Avg. Volume: 134,942
• 30 Day Avg. Volume: 444,497
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 34796.82
• Price to Cash Flow (P/CF): -7.40
• P/FCF Ratio: 0.00
• 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

NuLegacy Gold's overall score is primarily impacted by its weak financial performance, characterized by ongoing losses, no revenue, and negative cash flows. The absence of technical indicators and poor valuation metrics further affect the stock's attractiveness, suggesting caution for investors.

NuLegacy Gold Business Overview & Revenue Model

Company Description

NuLegacy Gold Corporation (NUG) is a Canadian-based mineral exploration company focused on the discovery and development of gold deposits. Operating primarily within the highly prospective Carlin-type gold district in Nevada, USA, the company aims to explore and expand its portfolio through strategic drilling and exploration initiatives. NuLegacy Gold leverages its expertise and partnerships to identify promising mining prospects with the potential for significant resource development.

How the Company Makes Money

NuLegacy Gold makes money primarily through the exploration and potential development of gold mining projects. The company raises funds through equity financing to support its exploration activities, including drilling and geological surveys. Once a significant gold resource is identified, NuLegacy may enter into joint ventures or partnerships with larger mining companies to further develop the site, sharing the production revenues. Additionally, the company may sell or lease its mining rights or claims to other interested parties, generating income from these transactions. The success of NuLegacy's financial model is contingent on its ability to discover economically viable gold deposits and effectively manage its exploration investments.

NuLegacy Gold Financial Statement Overview

Summary

NuLegacy Gold is facing significant financial challenges with no revenue generation and continuous losses. The balance sheet shows limited liabilities but declining equity and assets, indicating financial strain. Cash flows are negative, raising concerns about operational viability and long-term sustainability.

Income Statement

NuLegacy Gold has consistently reported zero revenue, which is concerning for long-term profitability and sustainability. The company shows negative gross profit and net income, indicating financial distress. The absence of revenue growth further exacerbates the situation, with continuous net losses and negative EBIT and EBITDA margins, reflecting ongoing operational challenges.

Balance Sheet

The company maintains a low debt profile with zero total debt, which is a positive aspect. However, the declining stockholders' equity and total assets over time suggest weakening financial stability. The equity ratio is decreasing, indicating potential risks in asset management.

Cash Flow

NuLegacy Gold's cash flow statements reveal negative operating and free cash flows, with no signs of improvement. The lack of positive cash generation poses significant concerns for sustaining operations. The company relies on financing activities to manage operations, which is unsustainable in the long term.

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
-14.04K	-45.48K	-71.71K	-126.50K	-81.95K	-74.61K
	EBIT
-399.10K	-1.38M	-2.23M	-2.24M	-1.48M	-2.41M
	EBITDA
-758.41K	-1.38M	-1.71M	-2.17M	-2.17M	-1.74M
	Net Income Common Stockholders
-47.49M	-1.46M	-1.49M	-2.57M	-3.40M	-1.81M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
20.74K	203.77K	1.98M	5.21M	15.77M	5.35M
	Total Assets
906.83K	46.60M	46.79M	47.94M	50.22M	34.68M
	Total Debt
0.00	0.00	0.00	0.00	0.00	0.00
	Net Debt
-16.45K	-199.71K	-1.98M	-5.17M	-15.68M	-5.25M
	Total Liabilities
616.74K	265.23K	166.37K	169.89K	648.00K	153.24K
	Stockholders Equity
290.09K	46.34M	46.62M	47.77M	49.57M	34.53M
Cash Flow		Free Cash Flow
-740.97K	-3.01M	-3.40M	-10.36M	-7.41M	-4.03M
	Operating Cash Flow
-685.42K	-1.35M	-1.38M	-2.05M	-2.57M	-1.42M
	Investing Cash Flow
-180.10K	-1.52M	-2.02M	-8.39M	-4.84M	-2.81M
	Financing Cash Flow
8.06K	1.10M	0.00	0.00	17.83M	6.88M

NuLegacy Gold Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KNT	79 Outperform	C$2.86B	17.19	26.82%	―	77.93%	236.93%
WDO	78 Outperform	C$2.48B	18.28	27.15%	―	67.54%	―
NGD	66 Neutral	$3.96B	28.43	11.14%	―	18.32%	―
BTO	54 Neutral	C$5.44B	―	-18.54%	4.81%	-4.17%	-318.18%
PRB	52 Neutral	C$337.39M	―	-109.44%	―	―	2.31%
Sector *	47 Neutral	$2.64B	-3.21	-21.68%	3.30%	4.19%	-30.23%
NUG	25 Underperform	C$3.62M	―	-196.38%	―	―	-2283.33%

NuLegacy Gold Corporate Events

NuLegacy Gold Faces Operational Challenges Amid Financial Strain

NuLegacy Gold Corporation faces potential suspension of operations after failing to find gold in economic quantities at its Red Hill property in Nevada. The company has secured funds to cover important lease payments until September 2025 but is considering debt settlement and reorganization due to financial challenges. Shareholders approved a share consolidation, but it will not proceed at this time due to lack of funding.