P2 Gold (PGLD) AI Stock Analysis

• Market Cap: C$12.10M
• Dividend Yield: N/A
• Average Volume (3M): 129.18K
• Price to Earnings (P/E): 2.3
• Beta (1Y): 1.72
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: CA
• Employees: 4
• Sector: Basic Materials
• Sector Strength: 52
• Industry: Other Precious Metals
• EPS (TTM): 0.04
• Shares Outstanding: 151,219,210
• 10 Day Avg. Volume: 157,605
• 30 Day Avg. Volume: 129,183
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): -5.30
• 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

P2 Gold faces substantial financial and operational challenges, reflected in its low financial performance score. However, recent corporate developments offer a glimmer of potential, mitigating some concerns. The stock's technical position indicates caution, given its negative trend and high volatility. While valuation appears attractive due to a low P/E ratio, the absence of dividends and reliance on future growth opportunities introduce uncertainty. These combined factors result in an overall score that reflects both current challenges and potential future improvements.

P2 Gold Business Overview & Revenue Model

Company Description

P2 Gold Inc. is a mineral exploration company primarily engaged in the discovery and development of precious and base metal properties. The company's core activities include acquiring, exploring, and developing mineral resource properties with a focus on gold and copper. P2 Gold operates in the mining sector and is actively involved in projects located in North America, leveraging its expertise to identify and advance high-potential mining opportunities.

How the Company Makes Money

P2 Gold Inc. generates revenue through the exploration and development of mineral resource properties. The company's primary revenue stream comes from the successful discovery and subsequent sale or leasing of these mineral properties to larger mining companies or investors interested in mineral extraction. Additionally, P2 Gold might engage in joint ventures or partnerships with other mining firms to share exploration costs and profits. The company also benefits from any royalties or production-based payments from properties that advance to production stages under new ownership. The profitability of P2 Gold is heavily influenced by the market prices of gold and copper, as well as its ability to efficiently manage exploration and development costs.

P2 Gold Financial Statement Overview

Summary

P2 Gold faces significant financial challenges with no revenue generation, consistent losses, high leverage, and negative equity, raising serious concerns about its financial health and sustainability.

Income Statement

P2 Gold has consistently shown no revenue generation, coupled with negative gross profit and net income over the past years, indicating significant financial instability and inefficiencies in cost management. The negative EBIT and EBITDA margins highlight operational challenges.

Balance Sheet

The company's balance sheet reveals a negative equity, indicating liabilities far exceed assets, posing a substantial financial risk. High levels of debt relative to equity suggest potential solvency issues.

Cash Flow

P2 Gold's cash flow shows persistent negative operating cash flow, suggesting challenges in generating cash from operations. The reliance on financing cash flow to cover operating deficits raises concerns about sustainability.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
-69.87K	-163.53K	-150.94K	-128.84K	-27.86K	-47.93K
	EBIT
-2.39M	-7.01M	-14.59M	-27.24M	-5.01M	-1.56M
	EBITDA
-1.98M	-6.09M	-14.70M	-27.58M	-4.98M	-1.76M
	Net Income Common Stockholders
2.44M	-4.46M	-12.94M	-27.39M	-5.01M	-1.30M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
2.07M	46.61K	1.47M	7.80M	1.63M	570.34K
	Total Assets
2.16M	310.64K	2.41M	8.45M	1.86M	664.43K
	Total Debt
0.00	545.00K	133.45K	251.07K	0.00	46.08K
	Net Debt
-2.07M	498.39K	-1.34M	-7.55M	-1.63M	-524.25K
	Total Liabilities
504.95K	9.67M	12.25M	12.90M	118.01K	149.68K
	Stockholders Equity
1.65M	-9.36M	-9.83M	-4.45M	1.74M	514.76K
Cash Flow		Free Cash Flow
-1.91M	―	-13.39M	-7.69M	-4.22M	-1.45M
	Operating Cash Flow
-1.91M	-4.70M	-13.30M	-7.61M	-4.19M	-1.45M
	Investing Cash Flow
-680.00	―	70.98K	-223.04K	-5.38K	0.00
	Financing Cash Flow
2.51M	3.27M	6.90M	14.00M	5.26M	-52.22K

P2 Gold Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.08
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:PGLD, the sentiment is Negative. The current price of 0.08 is above the 20-day moving average (MA) of 0.08, above the 50-day MA of 0.08, and above the 200-day MA of 0.07, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 37.62 is Neutral, neither overbought nor oversold. The STOCH value of 6.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:PGLD.

P2 Gold Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
VGZ	59 Neutral	C$119.48M	8.07	98.42%	―	―	―
Sector *	47 Neutral	$2.43B	-2.83	-21.77%	3.74%	4.16%	-28.83%
PRB	44 Neutral	C$331.89M	―	-109.44%	―	―	10.27%
PGLD	43 Neutral	C$12.10M	2.25	-65.05%	―	―	―

P2 Gold Corporate Events

P2 Gold Reports Positive Assay Results and Advances Gabbs Project

P2 Gold Inc. has announced positive assay results from the Sullivan Zone at its Gabbs Project, indicating promising gold and copper grades. The company has initiated a Phase Three Metallurgical Program aimed at improving metal recoveries, which could enhance the project’s economic outcomes. With an internal rate of return of 50.1% and a net present value of over US$1.4 billion, the project holds significant potential for stakeholders.

P2 Gold Finalizes Gabbs Project Acquisition with Promising Economic Outlook

P2 Gold Inc. has completed its final payment for acquiring the Gabbs Project, a gold-copper mining venture, from Waterton Nevada Splitter. The company is now financially secure for the upcoming year, bolstered by rising metal prices which have significantly increased the project’s internal rate of return and net present value. This development positions P2 Gold favorably within the industry, with promising economic projections for the Gabbs Project and future exploration opportunities.

P2 Gold Completes Sale of Ball Creek Claims to Kingfisher Metals

P2 Gold Inc. has finalized the sale of its Ball Creek Claims, also known as the BAM Project, to Kingfisher Metals Corp. The transaction, which was previously announced, involved the exchange of 1,515,151 common shares of Kingfisher and C$950,000 in cash. The funds from this sale will be directed towards further metallurgical testing and permitting at P2 Gold’s Gabbs Project in Nevada, potentially enhancing its operational capabilities and advancing its strategic goals.