Red Lake Gold Inc (TSE:RGLD)
:RGLD
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Red Lake Gold Inc
(RGLD)
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Rating:40Underperform
Price Target:
C$0.01
▼(-84.44% Downside)
Action:DowngradedDate:04/23/26
The score is primarily weighed down by weak financial performance (no revenue, persistent losses, and ongoing negative free cash flow) alongside a materially weakened balance sheet despite no debt. Technicals are also broadly bearish (below key moving averages and negative MACD), with only an oversold RSI offering limited near-term support. Valuation is constrained by negative earnings and the absence of a dividend.
Positive Factors
Zero debt / low leverage
Zero reported debt materially reduces near-term insolvency risk and interest burden, giving management structural flexibility to raise capital or execute exploratory programs without scheduled debt repayments. This durability supports optionality during cyclic commodity cycles.
Negative Factors
No revenue
Absence of any revenue indicates the business is not yet operating at commercial scale and lacks an internal earnings base. Over 2-6 months this means continued reliance on external funding to sustain operations, raising dilution and execution risk for development-stage plans.
Read all positive and negative factors
Positive Factors
Negative Factors
Zero debt / low leverage
Zero reported debt materially reduces near-term insolvency risk and interest burden, giving management structural flexibility to raise capital or execute exploratory programs without scheduled debt repayments. This durability supports optionality during cyclic commodity cycles.
Read all positive factors
Red Lake Gold Inc (RGLD) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$758.09K
Dividend YieldN/A
Average Volume (3M)199.60K
Price to Earnings (P/E)―
Beta (1Y)2.03
Revenue GrowthN/A
EPS Growth85.57%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)N/A
Shares Outstanding50,539,170
10 Day Avg. Volume349,435
30 Day Avg. Volume199,600
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)59.71
Price to Sales (P/S)0.00
P/FCF Ratio-12.44
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
Red Lake Gold Inc Business Overview & Revenue Model
Company Description
Red Lake Gold Inc. acquires and explores for mineral properties in Canada. The company primarily explores for gold deposits. Its principal project is the Whirlwind Jack gold project comprising 1,042 mining claims covering an area of approximately ...
How the Company Makes Money
null...
Red Lake Gold Inc Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
28
Negative
Cash Flow
12
Very Negative
| Breakdown | Feb 2026 | Feb 2025 | Feb 2024 | Feb 2023 | Feb 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -227.80K | -358.00K | -198.00K | -238.00K | -396.00K |
| Net Income | -2.49M | -358.00K | -248.00K | -238.00K | -396.00K |
Balance Sheet | |||||
| Total Assets | 63.37K | 2.53M | 2.04M | 2.18M | 2.11M |
| Cash, Cash Equivalents and Short-Term Investments | 19.19K | 269.38K | 42.53K | 332.24K | 343.11K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 25.48K | 22.78K | 13.08K | 13.13K | 17.88K |
| Stockholders Equity | 37.88K | 2.50M | 2.02M | 2.17M | 2.09M |
Cash Flow | |||||
| Free Cash Flow | -181.80K | -251.93K | -427.31K | -323.83K | -210.93K |
| Operating Cash Flow | -181.80K | -251.93K | -245.66K | -252.42K | -183.23K |
| Investing Cash Flow | -83.40K | -263.72K | -181.65K | -71.41K | 22.30K |
| Financing Cash Flow | 15.00K | 742.50K | 137.60K | 312.96K | 0.00 |
Red Lake Gold Inc Technical Analysis
Negative
0.09
Price Trends
0.02
Negative
0.04
Negative
0.04
Negative
Market Momentum
>-0.01
Negative
28.17
Positive
12.50
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:RGLD, the sentiment is Negative. The current price of 0.09 is above the 20-day moving average (MA) of 0.02, above the 50-day MA of 0.02, and above the 200-day MA of 0.04, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 28.17 is Positive, neither overbought nor oversold. The STOCH value of 12.50 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:RGLD.
Red Lake Gold Inc Peers Comparison
UnderperformOutperform
Sector (61)
TSE:RGLD
Red Lake Gold Inc
0.02
-0.04
-70.00%
TSE:FG
Falcon Gold
0.03
-0.01
-31.82%
TSE:NXS
Nexus Gold
0.20
-0.05
-20.00%
TSE:EAU
Engineer Gold Mines
0.13
0.09
225.00%
TSE:CMET
Clarity Gold
0.04
0.01
33.33%
Red Lake Gold Inc Corporate Events
Business Operations and StrategyDelistings and Listing ChangesM&A TransactionsShareholder Meetings
Red Lake Gold Wins Shareholder Backing for Potential Asset Sale, Delisting and Name Change
Neutral
Jan 26, 2026
Red Lake Gold Inc. reported that all matters presented at its recent annual general and special meeting in Vancouver were approved, including director nominations and routine business. Disinterested shareholders endorsed, on an advisory basis, a p...
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.