NV Gold (NVX) AI Stock Analysis

• Market Cap: C$1.36M
• Dividend Yield: N/A
• Average Volume (3M): 13.86K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.21
• Revenue Growth: N/A
• EPS Growth: 85.92%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): -0.04
• Shares Outstanding: 10,074,546
• 10 Day Avg. Volume: 19,695
• 30 Day Avg. Volume: 13,863
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): -2.70
• 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

NV Gold's overall stock score is primarily dragged down by its poor financial performance and negative technical indicators. The lack of revenue and profitability poses significant risks, while bearish market signals further weigh on the stock's outlook. Its valuation metrics do not provide any positive offset, leading to a low overall score.

NV Gold Business Overview & Revenue Model

Company Description

NV Gold (NVX) is a mineral exploration company focused on discovering and developing gold properties. Operating primarily in North America, the company engages in the identification, acquisition, and exploration of mineral properties with the potential for gold deposits. NV Gold leverages a portfolio of projects, utilizing advanced geological techniques and strategic partnerships to enhance its exploration efforts.

How the Company Makes Money

NV Gold makes money through the exploration and potential development of gold mining projects. The company generates revenue primarily by selling stakes in its exploration projects to larger mining companies or by entering into joint ventures. These partnerships often involve larger mining companies funding further exploration and development in exchange for a portion of the project's future output. Additionally, NV Gold may earn income from the sale of mineral claims or property rights once significant exploration milestones are achieved. The company's revenue model is highly dependent on the successful discovery of economically viable gold deposits and favorable market conditions for gold prices.

NV Gold Financial Statement Overview

Summary

NV Gold's financial performance is concerning with no revenue and ongoing losses. The income statement reflects high operational costs and financial distress. The balance sheet shows limited leverage but declining equity, while cash flow indicates reliance on external financing.

Income Statement

NV Gold's income statement shows persistent challenges with profitability. The company has reported no revenue over multiple periods, indicating potential issues in monetization or product market fit. The negative EBIT and net income margins reflect high operational costs and financial distress. Consistent losses highlight the need for strategic adjustments to improve financial health.

Balance Sheet

The balance sheet indicates a high equity ratio, suggesting limited financial leverage and potential room for debt financing. However, declining stockholders' equity over time points to sustained operational losses. The increase in total debt and liabilities raises concerns about financial stability and liquidity.

Cash Flow

NV Gold's cash flow statement reveals negative free cash flow, a sign of insufficient cash to cover capital expenditures. The high reliance on financing cash flow to sustain operations is unsustainable long-term. The company must enhance its operational efficiency to improve cash generation.

Breakdown
TTM	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
-2.15K	-119.36K	0.00	0.00	0.00	0.00
	EBIT
-351.82K	-1.11M	-935.22K	-1.96M	-921.51K	-971.08K
	EBITDA
-116.09K	-1.11M	-935.22K	-1.96M	-921.51K	-971.08K
	Net Income Common Stockholders
-511.25K	-2.74M	-1.25M	-5.55M	-1.21M	-3.68M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
65.88K	56.81K	1.29M	3.51M	3.33M	955.88K
	Total Assets
3.68M	3.68M	5.49M	6.69M	7.78M	4.46M
	Total Debt
641.10K	323.48K	0.00	0.00	0.00	0.00
	Net Debt
575.21K	266.66K	-1.29M	-3.51M	-3.33M	-955.88K
	Total Liabilities
698.95K	364.54K	65.50K	181.03K	140.16K	97.01K
	Stockholders Equity
2.98M	3.31M	5.42M	6.51M	7.64M	4.36M
Cash Flow		Free Cash Flow
-399.51K	-1.99M	-2.16M	-3.49M	-1.46M	-1.43M
	Operating Cash Flow
-185.47K	-915.86K	-457.95K	-1.29M	-642.43K	-751.76K
	Investing Cash Flow
-214.03K	-1.06M	-1.74M	-2.16M	-1.11M	-702.16K
	Financing Cash Flow
308.91K	742.15K	-11.94K	3.62M	4.13M	1.01M

NV Gold Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.14
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NVX, the sentiment is Negative. The current price of 0.14 is below the 20-day moving average (MA) of 0.17, below the 50-day MA of 0.17, and below the 200-day MA of 0.22, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 39.74 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:NVX.

NV Gold Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KNT	81 Outperform	C$3.06B	19.72	26.82%	―	77.93%	236.93%
Sector *	49 Neutral	$1.92B	-1.52	-22.04%	3.84%	0.67%	-27.41%
GFG	44 Neutral	C$51.14M	29.23	4.96%	―	―	―
AOT	41 Neutral	C$164.75M	―	-8.07%	―	―	-101.02%
NVX	32 Underperform	C$1.36M	―	-13.79%	―	―	85.92%
BTR	31 Underperform	C$40.89M	―	-108.81%	―	―	7.15%

NV Gold Corporate Events

NV Gold Announces Shares-for-Debt Transaction to Improve Financial Position

NV Gold Corporation has announced a shares-for-debt transaction, issuing 5,161,578 common shares at C$0.1125 per share to settle a debt of US$419,050 with its President and CEO, John Watson. This transaction, considered a related party transaction, is part of the company’s strategy to improve its financial position amidst serious financial difficulties, and is pending approval from the TSX Venture Exchange.

Spark’s Take on TSE:NVX Stock

According to Spark, TipRanks’ AI Analyst, TSE:NVX is a Neutral.

NV Gold’s overall stock score reflects significant financial challenges and valuation concerns, with consistent losses and a negative P/E ratio. Technical indicators show some short-term upward momentum, but long-term trends remain negative. The company’s financial position requires strategic improvements for future viability.

To see Spark’s full report on TSE:NVX stock, click here.

NV Gold’s CEO Increases Stake, Becomes Control Person

NV Gold Corporation announced that John Watson, its President, Chairman, CEO, and director, has increased his equity stake in the company by exercising 100,000 common share purchase warrants, generating $30,000 in proceeds. This move elevates Mr. Watson to a ‘Control Person’ status within the company, with his ownership now representing 20.25% of the company’s issued and outstanding shares. The company has secured the necessary shareholder approval for this change, which could impact its operations and governance.