Red Lake Gold Inc (RGLD) AI Stock Analysis

• Market Cap: C$2.76M
• Dividend Yield: N/A
• Average Volume (3M): 5.28K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.31
• Revenue Growth: N/A
• EPS Growth: -539.74%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 65
• Industry: Gold
• EPS (TTM): N/A
• Shares Outstanding: 50,239,170
• 10 Day Avg. Volume: 2,510
• 30 Day Avg. Volume: 5,279
• PEG Ratio: <0.01
• Price to Book (P/B): 1.30
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -12.96
• 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

• Rating: 41 Neutral
• Price Target: ―

Red Lake Gold Inc's overall score reflects a challenging operational and financial position. The lack of revenue, persistent losses, and negative cash flow are significant risks. Technical analysis shows bearish momentum, further weighing on the stock’s prospects. Valuation metrics are negative, with no earnings and no dividend yield to attract investors. Recent corporate events underline the reliance on external funding and potential legal risks, impacting the stock outlook negatively.

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 21,238 hectares located near Red Lake, Ontario. The company was formerly known as Pivit Exploration Inc. and changed its name to Red Lake Gold Inc. in July 2019. Red Lake Gold Inc. was incorporated in 2017 and is based in Vancouver, Canada.

How the Company Makes Money

Red Lake Gold Inc. generates revenue primarily through the exploration and development of gold mining projects. The company invests in geological surveys, drilling, and feasibility studies to identify viable gold reserves. Once these reserves are confirmed and the necessary permits are obtained, Red Lake Gold Inc. moves towards the extraction and processing of gold, which is then sold in the global market. Revenue is further supplemented by strategic partnerships and joint ventures with other mining companies, which can provide additional capital and resources for large-scale projects. The company's earnings are influenced by factors such as gold market prices, extraction costs, and the successful discovery of new gold deposits.

Red Lake Gold Inc Financial Statement Overview

Summary

Red Lake Gold Inc is facing significant operational challenges, reflected in its lack of revenue and persistent losses. Despite a strong balance sheet devoid of debt, the company's inability to generate positive cash flow from operations raises concerns. While the equity position is robust, the sustainability of current operations without revenue poses a significant risk.

Income Statement

Red Lake Gold Inc has consistently reported zero revenue, indicating no sales or production activity. The company has negative EBIT and EBITDA margins, reflecting operational losses. Net income margins are also negative, highlighting ongoing unprofitability.

Balance Sheet

The company has a strong equity position with no debt, resulting in a favorable debt-to-equity ratio. Stockholders' equity constitutes a significant portion of total assets, indicating financial stability. However, the lack of revenue generation poses a risk to sustaining equity levels long-term.

Cash Flow

The company experienced fluctuations in free cash flow with significant negative values, although there was a recent improvement. Operating cash flow remains negative, indicating challenges in generating cash from operations. The reliance on financing activities to fund operations is evident.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
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
	EBIT
-333.26K	-232.70K	-237.51K	-395.65K	-277.18K
	EBITDA
-358.26K	-197.75K	-237.51K	-395.65K	-277.18K
	Net Income Common Stockholders
-358.26K	-247.72K	-237.51K	-395.65K	-277.18K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
269.38K	42.53K	332.24K	343.11K	504.04K
	Total Assets
2.53M	2.04M	2.18M	2.11M	2.33M
	Total Debt
0.00	0.00	0.00	0.00	0.00
	Net Debt
-269.38K	-42.53K	-332.24K	-343.11K	-504.04K
	Total Liabilities
22.78K	13.08K	13.13K	17.88K	21.49K
	Stockholders Equity
2.50M	2.02M	2.17M	2.09M	2.30M
Cash Flow		Free Cash Flow
-251.93K	-427.31K	-323.83K	-210.93K	-879.48K
	Operating Cash Flow
-251.93K	-245.66K	-252.42K	-183.23K	-306.84K
	Investing Cash Flow
-263.72K	-181.65K	-71.41K	22.30K	-547.64K
	Financing Cash Flow
742.50K	137.60K	312.96K	0.00	896.83K

Red Lake Gold Inc Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.06
• 50DMA: Positive
• 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:RGLD, the sentiment is Negative. The current price of 0.06 is below the 20-day moving average (MA) of 0.07, above the 50-day MA of 0.06, and below the 200-day MA of 0.08, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 45.07 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	51 Neutral	$2.04B	-1.15	-21.37%	3.64%	2.88%	-30.57%
RGLD	41 Neutral	C$2.76M	―	-206.92%	―	―	-539.74%
NULGF		$2.65M	―	-196.38%	―	―	―
HVG	52 Neutral	C$7.49M	―	-18.29%	―	―	-0.88%
FG	39 Underperform	C$1.77M	―	-256.51%	―	―	-105.80%
RFR	21 Underperform	C$3.64M	―	-638.22%	―	―	5.36%
TRGGF		$3.04M	―	-10.08%	―	―	―

Red Lake Gold Inc Corporate Events

Red Lake Gold Faces Potential Impact from First Nation Litigation

Red Lake Gold Inc. has received additional correspondence from the Asubpeeschoseewagong Anishinabek, a First Nation in Ontario, regarding third-party litigation related to mining claims in the Red Lake region. The correspondence challenges the validity of mining claims under the Ontario Mining Act, citing a lack of consultation with the Grassy Narrows community, potentially impacting Red Lake Gold’s Whirlwind Jack Gold Project.

Spark’s Take on TSE:RGLD Stock

According to Spark, TipRanks’ AI Analyst, TSE:RGLD is a Underperform.

Red Lake Gold Inc’s overall score reflects its precarious operational and financial position. The lack of revenue, persistent losses, and negative cash flow are significant risks. Technical analysis shows bearish momentum, further weighing on the stock’s prospects. Valuation metrics are negative, with no earnings and no dividend yield to attract investors. The halted private placement highlights the company’s reliance on external funding, posing additional challenges.

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

Red Lake Gold Inc. Halts Private Placement Amid Market Challenges

Red Lake Gold Inc. has decided to discontinue its previously announced non-brokered private placement due to challenging market conditions and lack of interest from potential investors, including a key insider. This decision highlights the company’s ongoing dependency on external capital to sustain operations and meet exploration requirements, which are crucial for maintaining its mining claims.