NV Gold (NVX) AI Stock Analysis

• Market Cap: C$5.32M
• Dividend Yield: N/A
• Average Volume (3M): 20.69K
• Price to Earnings (P/E): ―
• Beta (1Y): -1.08
• Revenue Growth: N/A
• EPS Growth: -40.12%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): N/A
• Shares Outstanding: 24,202,215
• 10 Day Avg. Volume: 32,571
• 30 Day Avg. Volume: 20,691
• PEG Ratio: -0.02
• Price to Book (P/B): 0.71
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -9.87
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 41 Neutral
• Price Target: C$0.21 ▲(0.00% Upside)
• Action: Reiterated Date: 03/21/26
• Date: Action: Reiterated 03/21/26

The score is primarily held down by very weak financial performance (no revenue, continued losses, and negative cash flow), indicating an early-stage/high-risk profile. Technicals add additional pressure with bearish momentum, while valuation provides little support due to negative earnings and no dividend data.

Positive Factors

Relatively strong balance sheet

The company has low total debt and positive equity, which materially reduces refinancing and solvency risk for an exploration junior. That structural balance-sheet buffer increases runway flexibility versus peers and supports continued funding of exploration programs over the next 2–6 months.

Moderating cash burn and improving FCF

Operating cash flow and free cash flow remain negative, but recent moderation in cash burn and improved FCF versus prior years suggests management has been able to lower short-term funding needs. This trend, if sustained, improves near-term financing flexibility and project continuity.

Clear exploration business model with exit optionality

NV Gold’s corporate strategy focuses on acquiring and advancing exploration targets rather than operating mines, creating multiple durable monetization paths (sale, option, JV, royalties). That optionality is a structural advantage in junior exploration if drill results attract partners or buyers.

Negative Factors

Effectively nil revenue

The company generates no material recurring revenue and remains an early-stage explorer. Lack of operating revenue means the business depends entirely on financing or asset transactions for continuity, raising execution risk until a monetizable discovery or partner deal is achieved.

Ongoing net losses and negative cash flows

Sustained net losses and negative operating/ free cash flow indicate the company burns capital to fund exploration. Without a clear path to revenue or partner funding, continued losses will erode equity and necessitate future financing, making long-term project execution conditional on raising capital.

Reliance on equity financings

The business model depends on issuing equity to fund exploration and holding costs. Repeated dilution is a structural risk for shareholders and can constrain long-term returns if capital markets are weak or if exploration progress fails to attract non-dilutive partner financing.

NV Gold Business Overview & Revenue Model

Company Description

NV Gold Corporation, a junior exploration company, identifies, acquires, and explores for mineral properties in the United States and Switzerland. The company explores for gold, silver, and precious metal deposits. The company holds 100% interests in 11 exploration projects in Nevada, as well as AngloGold-Ashanti database. It also holds interests in the Cooks Creek project located in Lander County, Nevada; the Frazier Dome project situated in Nye County, Nevada; the Swiss Permits located within the Communes of Medel/Lucmagn, Disentis/Muster, and Sumvitg in Canton Graubunden, and southeastern Switzerland; the Slumber Gold Project situated in Humboldt County, Nevada; the Green Gold project located in Pershing County, Nevada; the SW Pipe project situated in Lander County, Nevada; the Sandy Gold project located in Lyon County, Nevada; the Cone project situated in Eureka County, Nevada; the Darby Flats Project located in Elko County, Nevada; and the Silver District project situated in La Paz County, Arizona. NV Gold Corporation was incorporated in 2007 and is based in Vancouver, Canada.

How the Company Makes Money

NV Gold does not typically generate recurring revenue from selling products or operating producing mines; instead, its economic model is characteristic of early-stage mineral exploration companies. The company primarily funds operations through the issuance of equity (and, if applicable, other financings), using proceeds to pay for exploration work, property holding costs, and corporate overhead. Potential future monetization—if achieved—generally comes from advancing exploration properties to a stage where they can be sold, optioned, or partnered with other companies, potentially in exchange for upfront payments, milestone/exploration expenditures by a partner, and/or royalties; however, specific details on recurring revenue streams, producing-asset cash flows, or material partnerships are null.

NV Gold Financial Statement Overview

Summary

Operating fundamentals are very weak with effectively nil revenue and ongoing net losses (TTM net loss ~1.45M) alongside negative operating and free cash flow (TTM OCF ~-0.23M; FCF ~-0.27M). The balance sheet is a partial offset with low leverage and positive equity, but equity has declined and continued losses imply ongoing funding risk.

Income Statement

Operating performance remains weak. Revenue is effectively nil in recent periods (including TTM (Trailing-Twelve-Months)), and the company continues to generate sizeable operating losses and net losses (TTM net loss of ~1.45M). Losses improved versus 2023–2024, but profitability is still firmly negative and there is no clear top-line traction to support a sustained turnaround.

Balance Sheet

Balance sheet is a relative bright spot due to modest leverage and positive equity. TTM shows low total debt and a low debt load relative to equity, which reduces financial strain. However, equity has declined versus earlier years and returns are deeply negative, indicating ongoing value erosion until operations stabilize.

Cash Flow

Cash generation is pressured, with operating cash flow and free cash flow negative in TTM (Operating cash flow ~-0.23M; free cash flow ~-0.27M). Cash burn has moderated meaningfully compared with 2021–2023, and free cash flow has recently improved versus the prior annual period, but cash flow still does not cover losses and points to continued funding needs if the pattern persists.

Breakdown	Nov 2025	Aug 2024	Nov 2023	Nov 2022	Nov 2021
Income Statement
Total Revenue	0.00	0.00	0.00	201.43K	153.00K
Gross Profit	0.00	-56.33K	-119.36K	0.00	0.00
EBITDA	-1.38M	-522.60K	-1.11M	-935.22K	-1.96M
Net Income	-1.42M	-584.42K	-2.74M	-1.25M	-5.55M
Balance Sheet
Total Assets	3.10M	3.60M	3.68M	5.49M	6.69M
Cash, Cash Equivalents and Short-Term Investments	41.16K	31.20K	56.81K	1.29M	3.51M
Total Debt	194.12K	601.38K	323.48K	0.00	0.00
Total Liabilities	325.58K	740.09K	364.54K	65.50K	181.03K
Stockholders Equity	2.78M	2.86M	3.31M	5.42M	6.51M
Cash Flow
Free Cash Flow	-201.08K	-269.55K	-1.99M	-2.16M	-3.49M
Operating Cash Flow	-201.08K	-41.71K	-915.86K	-457.95K	-1.29M
Investing Cash Flow	-378.04K	-227.84K	-1.06M	-1.74M	-2.16M
Financing Cash Flow	589.07K	243.94K	742.15K	-11.94K	3.62M

NV Gold Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.21
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 0.21 is below the 20-day moving average (MA) of 0.25, below the 50-day MA of 0.25, and above the 200-day MA of 0.19, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 40.24 is Neutral, neither overbought nor oversold. The STOCH value of 2.78 is Positive, 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
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
ARQ	60 Neutral	C$6.53M	19.73	-6.09%	―	-15.28%	-122.22%
GUG	47 Neutral	C$3.59M	-7.08	-15.09%	―	―	-13.33%
FG	43 Neutral	C$2.67M	-2.02	―	―	―	-133.33%
XIM	43 Neutral	C$3.74M	-1.77	100.27%	―	―	45.20%
GCN	42 Neutral	C$3.23M	-11.83	-89.21%	―	―	-64.52%
NVX	41 Neutral	C$5.32M	-8.71	-50.32%	―	―	-40.12%

NV Gold Corporate Events

NV Gold Raises $645,000 in Completed Private Placement to Fund Exploration

NV Gold Corporation has closed a non-brokered private placement, issuing 3,225,000 units at $0.20 per unit for gross proceeds of $645,000, with each unit comprising one common share and a transferable warrant exercisable at $0.50 for two years. The financing, which included a small finder’s fee and participation by an insider under MI 61-101 exemptions, is intended for general working capital, modestly strengthening NV Gold’s balance sheet as it advances its Nevada-focused exploration portfolio.

The warrants are subject to an acceleration clause if the share price trades above $0.50 for three consecutive days after the statutory hold period, potentially pulling forward additional capital if market conditions improve. The completed placement underscores continuing investor support for the early-stage explorer and provides incremental funding to pursue its key projects in a challenging but opportunity-rich junior mining environment.

The most recent analyst rating on (TSE:NVX) stock is a Hold with a C$0.34 price target. To see the full list of analyst forecasts on NV Gold stock, see the TSE:NVX Stock Forecast page.

NV Gold Launches $1 Million Non-Brokered Private Placement to Fund Exploration

NV Gold Corporation has launched a non-brokered private placement of up to 5 million units at $0.20 per unit, targeting gross proceeds of up to $1 million, with each unit comprising one common share and a two-year warrant exercisable at $0.50. The financing, which may include insider participation and remains subject to TSX Venture Exchange approval and a standard four-month-plus-one-day hold period, is intended to bolster the company’s general working capital, supporting its ongoing exploration activities and positioning it to advance its priority Nevada projects in a capital-intensive exploration environment.

The most recent analyst rating on (TSE:NVX) stock is a Sell with a C$0.20 price target. To see the full list of analyst forecasts on NV Gold stock, see the TSE:NVX Stock Forecast page.

NV Gold Raises $416,000 in Private Placement to Support Exploration Plans

NV Gold Corporation has closed a non-brokered private placement, raising gross proceeds of approximately $415,800 through the issuance of just over 2.0 million units priced at $0.20, each unit comprising one common share and a transferable warrant exercisable at $0.50 for two years, with an acceleration clause tied to share price performance. The company plans to use the funds for general working capital, reinforcing its financial flexibility as it advances a multi-project gold exploration portfolio in Nevada and Switzerland, a move that may help sustain operational momentum and support its stated objective of delivering value through mineral discoveries in 2026.

The most recent analyst rating on (TSE:NVX) stock is a Sell with a C$0.20 price target. To see the full list of analyst forecasts on NV Gold stock, see the TSE:NVX Stock Forecast page.

NV Gold Raises $415,800 in Private Placement to Fund Exploration and Working Capital

NV Gold Corporation has launched a non-brokered private placement of 2,079,002 units at $0.20 per unit to raise gross proceeds of approximately $415,800. Each unit comprises one common share and one transferable warrant exercisable at $0.50 for two years, with all securities subject to a four-month-plus-one-day hold period and the financing contingent on stock exchange approval. The company plans to use the proceeds for general working capital, a move that should support ongoing exploration activities and operational flexibility as it advances its priority projects in Nevada and maintains its position as a focused junior gold explorer.

The most recent analyst rating on (TSE:NVX) stock is a Hold with a C$0.19 price target. To see the full list of analyst forecasts on NV Gold stock, see the TSE:NVX Stock Forecast page.

NV Gold Grants 700,000 Stock Options to Management and Staff

NV Gold Corporation has granted 700,000 stock options to certain directors, officers and employees, exercisable at $0.22 per share for five years under its stock option plan, subject to regulatory approval. The move underscores the company’s use of equity-based incentives to align management and staff with shareholder interests as it seeks to advance its portfolio of exploration projects in Nevada and Switzerland and position itself for a potentially active 2026 exploration program.

The most recent analyst rating on (TSE:NVX) stock is a Hold with a C$0.19 price target. To see the full list of analyst forecasts on NV Gold stock, see the TSE:NVX Stock Forecast page.