EnviroGold Global Limited (TSE:NVRO)
:NVRO
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EnviroGold Global
(NVRO)
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Rating:41Neutral
Price Target:
C$0.10
▼(-23.08% Downside)
Action:ReiteratedDate:02/03/26
The score is held down primarily by very weak financial performance (minimal revenue, large losses, negative equity, and cash burn). Technical indicators also point to bearish momentum (price below key moving averages, negative MACD, low RSI). Valuation contributes little support due to a negative P/E and no dividend yield.
Positive Factors
Proprietary processing technology
Owning a proprietary processing approach is a durable competitive asset: it can create technical barriers to entry, enable licensing or long-term contracts with miners, and support higher recovery economics over time. If validated at scale, this underpins sustainable revenue opportunities.
Negative Factors
Very weak profitability and scale
The company’s revenue scale is tiny relative to its cost base and margins remain deeply negative. Over the medium term this undermines ability to self-fund growth, delays path to profitability, and raises execution risk unless revenues scale materially and unit economics improve.
Read all positive and negative factors
Positive Factors
Negative Factors
Proprietary processing technology
Owning a proprietary processing approach is a durable competitive asset: it can create technical barriers to entry, enable licensing or long-term contracts with miners, and support higher recovery economics over time. If validated at scale, this underpins sustainable revenue opportunities.
Read all positive factors
EnviroGold Global (NVRO) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$65.36M
Dividend YieldN/A
Average Volume (3M)360.05K
Price to Earnings (P/E)―
Beta (1Y)1.71
Revenue GrowthN/A
EPS Growth-16.67%
CountryCA
Employees9
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)N/A
Shares Outstanding484,137,100
10 Day Avg. Volume407,139
30 Day Avg. Volume360,051
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)-1.78
Price to Sales (P/S)72.75
P/FCF Ratio-3.89
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
EnviroGold Global Business Overview & Revenue Model
Company Description
EnviroGold Global Limited operates as a clean technology company in Canada. The company focuses on reclaiming mine tailings and resource development waste streams to sell various precious, strategic, and critical metals and metal concentrates. Env...
How the Company Makes Money
EnviroGold Global Limited generates revenue by recovering precious metals from mine tailings and other secondary sources, which are then sold in the market. The company's key revenue streams include the sale of gold, silver, and other valuable met...
EnviroGold Global Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
12
Very Negative
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 156.32K | 97.98K | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -41.52K | -159.59K | 0.00 | ― | ― | 0.00 |
| EBITDA | -4.86M | -2.09M | -3.85M | ― | ― | ― |
| Net Income | -5.91M | -3.10M | ― | ― | ― | ― |
Balance Sheet | ||||||
| Total Assets | 1.47M | 1.43M | 1.03M | 1.78M | 3.70M | 6.00 |
| Cash, Cash Equivalents and Short-Term Investments | 325.04K | 49.14K | 574.88K | 120.88K | 713.78K | 6.00 |
| Total Debt | 3.36M | 4.01M | 3.45M | 14.45K | 21.06K | 0.00 |
| Total Liabilities | 4.87M | 5.44M | 3.65M | 371.67K | 274.88K | 228.74K |
| Stockholders Equity | -3.40M | -4.01M | -2.62M | 1.41M | 3.43M | -228.73K |
Cash Flow | ||||||
| Free Cash Flow | -3.60M | -1.83M | -3.21M | -4.45M | -3.27M | -6.00 |
| Operating Cash Flow | -3.43M | -1.51M | -3.21M | -4.38M | -2.53M | -6.00 |
| Investing Cash Flow | -101.51K | -324.16K | -5.55K | -76.40K | 220.28K | -6.00 |
| Financing Cash Flow | 3.82M | 1.28M | 3.49M | 3.84M | 3.94M | 0.00 |
EnviroGold Global Technical Analysis
Positive
0.13
Price Trends
0.13
Positive
0.13
Positive
0.12
Positive
Market Momentum
<0.01
Positive
53.91
Neutral
95.24
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NVRO, the sentiment is Positive. The current price of 0.13 is below the 20-day moving average (MA) of 0.14, above the 50-day MA of 0.13, and above the 200-day MA of 0.12, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 53.91 is Neutral, neither overbought nor oversold. The STOCH value of 95.24 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:NVRO.
EnviroGold Global 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% | |
56 Neutral | C$62.37M | -11.13 | -25.58% | ― | ― | -3.73% | |
53 Neutral | C$144.82M | -1.36 | -523.32% | ― | ― | 34.55% | |
52 Neutral | C$64.62M | -2.24 | -571.01% | ― | ― | ― | |
42 Neutral | C$56.50M | -112.34 | -26.74% | ― | ― | -85.26% | |
41 Neutral | C$65.36M | -6.69 | 215.19% | ― | ― | -16.67% |
* Basic Materials Sector Average
TSE:NVRO
EnviroGold Global
0.14
0.02
12.50%
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0.16
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100.00%
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Libero Copper & Gold
0.68
0.48
231.71%
TSE:SGO
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0.21
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70.83%
TSE:VML
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TSE:ASTR
Astra Exploration Inc
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191.30%
EnviroGold Global Corporate Events
Business Operations and StrategyDelistings and Listing Changes
EnviroGold Global to List on TSX Venture Exchange, Exit CSE
Positive
Feb 2, 2026
EnviroGold Global has secured approval to list its common shares on the TSX Venture Exchange, with trading set to begin on February 4, 2026 under the symbol NVRO, while the company voluntarily delists from the Canadian Securities Exchange the prev...
Business Operations and StrategyDelistings and Listing Changes
EnviroGold Global Wins Conditional TSXV Uplisting Approval, Plans CSE Delisting
Positive
Jan 26, 2026
EnviroGold Global has received conditional approval to list its common shares on the TSX Venture Exchange under the ticker symbol NVRO, a move that is subject to standard conditions and final acceptance. As part of a broader capital markets strate...
Business Operations and StrategyProduct-Related Announcements
EnviroGold Expands NVRO Process to Unlock Lower-Grade Tailings Market
Positive
Jan 23, 2026
EnviroGold Global has announced a technical advancement in its proprietary NVRO Process™ that significantly improves sulfide pre-concentration within its flowsheet, enabling the economic recovery of metals from lower-grade tailings that were...
Business Operations and Strategy
EnviroGold to Brief Investors on Tailings-Based Metals Recovery Strategy
Positive
Jan 23, 2026
EnviroGold Global has scheduled a live investor webinar on January 27, 2026 to outline how its proprietary NVRO Process can tap above-ground tailings and mine waste as an alternative source of precious and critical metals, a proposition that gains...
Business Operations and Strategy
EnviroGold to Outline Tailings-Based Metal Recovery Strategy in Investor Webinar
Positive
Jan 13, 2026
EnviroGold Global plans to host a live investor webinar on January 27, 2026, to present its strategy for capitalizing on the growing opportunity to recover precious and critical metals from above-ground tailings and mine waste using its proprietar...
Business Operations and Strategy
EnviroGold Primes NVRO Process for 2026 Commercial Growth After Pivotal 2025
Positive
Jan 7, 2026
EnviroGold Global reported that 2025 was a pivotal execution year in which it advanced its NVRO Process from optimization to engineering readiness, established an industrial-scale demonstration plant in Perth, and launched a Rapid Deployment Pathw...
Business Operations and StrategyExecutive/Board Changes
EnviroGold Global Strengthens Board with Mining and Capital Markets Veteran
Positive
Jan 4, 2026
EnviroGold Global has appointed veteran mining and capital markets executive Jackie Przybylowski to its board of directors, effective 5 January 2026, as it moves from technology validation to commercial-scale deployment of its NVRO Process™....
Business Operations and StrategyExecutive/Board Changes
EnviroGold Global Strengthens Leadership to Boost Commercialization and Growth
Positive
Dec 8, 2025
EnviroGold Global has announced strategic enhancements to its Board and executive leadership to accelerate the commercialization of its NVRO Process™ and scale operations. These changes are driven by increasing global demand for sustainable ...
Business Operations and StrategyProduct-Related Announcements
EnviroGold Global Advances NVRO Process with New Pilot Plant and Strategic Partnerships
Positive
Dec 1, 2025
EnviroGold Global has announced significant advancements in its operations, including the completion of its 2025 Optimization Program and the launch of a mobile pilot plant for the NVRO Process. The company has appointed PPM Global to construct an...
Business Operations and StrategyProduct-Related Announcements
EnviroGold Global’s NVRO Process™ Gains Validation for Global Scalability
Positive
Nov 17, 2025
EnviroGold Global has announced the successful validation of its NVRO Process™ by ANDRITZ, confirming its commercial readiness and global scalability. The independent case study by ANDRITZ highlights significant improvements in metal recover...
Business Operations and StrategyProduct-Related Announcements
EnviroGold Global Achieves Exceptional Results in Tailings Reprocessing
Positive
Nov 13, 2025
EnviroGold Global Limited has announced outstanding results from Phase 3 of its metallurgical test work for major tailings reprocessing projects, achieving significant recoveries of gold and silver using its NVRO Process™. The results, valid...
Business Operations and StrategyPrivate Placements and Financing
EnviroGold Strengthens Financial Position by Retiring $10.2 Million Debt
Positive
Nov 11, 2025
EnviroGold Global Limited has successfully retired over $10.2 million in debt, eliminating all outstanding convertible and promissory liabilities, which strengthens its balance sheet as it moves towards the commercialization of its NVRO Process...
Business Operations and StrategyExecutive/Board Changes
EnviroGold Global Enhances Leadership to Propel NVRO Process™ Commercialization
Positive
Nov 10, 2025
EnviroGold Global has strengthened its leadership team with the appointment of Arthur Gooch as Chief Technology Officer and Mike Nelson as Project Manager, as the company advances the commercialization of its NVRO Process™. Gooch, with over ...
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.