Ongold Resources Ltd (ONAU) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: N/A
• Average Volume (3M): 73.69K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.22
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: CA
• Employees: 6
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): -0.07
• Shares Outstanding: 56,892,616
• 10 Day Avg. Volume: 49,949
• 30 Day Avg. Volume: 73,687
• PEG Ratio: >-0.01
• Price to Book (P/B): 9.07
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -18.34
• 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: 46 Neutral
• Price Target: C$0.85 ▼(-1.95% Downside)

The score is primarily weighed down by weak financial performance: the company is pre-revenue with rapidly increasing losses and cash burn despite being debt-free. Technical indicators are broadly neutral but not strongly supportive (slightly negative MACD), and valuation is constrained by negative earnings and no stated dividend yield.

Ongold Resources Ltd Business Overview & Revenue Model

Company Description

ONgold Resources Ltd. engages in the ownership of mineral exploration assets located in Northern Ontario. It holds interest in the TPK and October Gold projects. The company was founded on February 17, 2022 and is headquartered in Toronto, Canada.

How the Company Makes Money

Ongold Resources Ltd Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown	TTM	Dec 2024	Dec 2023
Income Statement
Total Revenue	0.00	0.00	0.00
Gross Profit	0.00	0.00	0.00
EBITDA	-11.41M	-11.27M	-149.03K
Net Income	-11.41M	-11.27M	-149.03K
Balance Sheet
Total Assets	2.56M	6.14M	3.04M
Cash, Cash Equivalents and Short-Term Investments	1.69M	5.88M	3.74K
Total Debt	0.00	0.00	0.00
Total Liabilities	2.48M	913.18K	3.07M
Stockholders Equity	80.05K	5.23M	-29.73K
Cash Flow
Free Cash Flow	-2.93M	-2.59M	-124.87K
Operating Cash Flow	-2.93M	-2.59M	-124.87K
Investing Cash Flow	20.00K	2.99M	0.00
Financing Cash Flow	2.90M	5.47M	3.09M

Ongold Resources Ltd 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%
GGM	47 Neutral	C$8.26M	-4.10	―	―	―	4.69%
OPHR	47 Neutral	C$3.46M	-1.56	-42.37%	―	―	50.00%
ONAU	46 Neutral	―	-2.95	-254.78%	―	―	―
STW	43 Neutral	C$982.78K	-1.19	-22.84%	―	―	67.32%
NUG	41 Neutral	C$1.23M	-3.84	-88.34%	―	―	99.38%
LP	34 Underperform	C$1.24M	-0.58	―	―	―	―

Ongold Resources Ltd Corporate Events

Ongold Resources Expands TPK Property and Strengthens Indigenous Partnership

Ongold Resources Ltd has significantly expanded its TPK property in northwestern Ontario by acquiring additional claims, increasing the total area by 46%. This expansion aims to cover prospective areas for gold and base metals deposits, enhancing the company’s exploration potential. Recent drilling at the Gold Ridge area has identified a pervasive gold-bearing system, indicating a large orogenic gold system, although no mineral resource has been defined yet. Additionally, Ongold has entered into a Memorandum of Understanding with the Chapleau Cree First Nation to support exploration activities, which includes issuing shares and warrants, although a definitive impact benefit agreement has not been finalized.

ONGold Resources Expands TPK Property and Strengthens Indigenous Partnership

ONGold Resources Ltd. has significantly expanded its TPK property in northwestern Ontario by acquiring additional claims, increasing the total area by 46%. This expansion aims to cover extensions of key geological features, potentially rich in gold and base metals, enhancing the company’s exploration prospects. The recent successful diamond drilling at TPK’s Gold Ridge area has identified a pervasive gold-bearing system, marking a key milestone in the project’s evolution. Furthermore, ONGold has entered into a Memorandum of Understanding with the Chapleau Cree First Nation to support exploration activities, which includes issuing shares and warrants to the CCFN, although a definitive agreement has yet to be reached.

ONGold Resources Enhances Employee Incentives and Clarifies Financial Disclosures

ONGold Resources Ltd. has announced the grant of stock options and restricted share units to certain employees under its omnibus incentive plan. This move is expected to enhance employee engagement and align their interests with the company’s long-term goals. Additionally, the company clarified details regarding finder’s fees related to a previous offering, ensuring transparency in its financial disclosures.

ONGold Resources Identifies Significant Gold System at TPK Project

ONGold Resources Ltd. has announced promising initial results from its diamond drilling program at the Gold Ridge area of the TPK project in Northern Ontario. The program has identified a pervasive gold-bearing system, with significant gold assay results including 19.39 g/t gold over 8.2 meters. This discovery marks a pivotal moment for ONGold, as it confirms the presence of a large gold grains-in-till dispersal corridor and opens up further exploration opportunities, potentially enhancing the company’s industry positioning and offering new prospects for stakeholders.