Solstice Gold (SGC) AI Stock Analysis

• Market Cap: C$12.93M
• Dividend Yield: N/A
• Average Volume (3M): 143.67K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.62
• Revenue Growth: N/A
• EPS Growth: 82.35%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 68
• Industry: Gold
• EPS (TTM): 0.00
• Shares Outstanding: 235,019,790
• 10 Day Avg. Volume: 98,877
• 30 Day Avg. Volume: 143,667
• PEG Ratio: N/A
• Price to Book (P/B): 696.92
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -22.28
• 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: ―

Solstice Gold's overall stock score is low due to significant financial challenges, including a lack of revenue and ongoing losses. Technical momentum is moderate, providing some stability. Corporate events have positively impacted the outlook with new exploration initiatives and secured financing. However, financial health remains a critical concern, requiring strategic adjustments for future sustainability.

Solstice Gold Business Overview & Revenue Model

Company Description

Solstice Gold Corp (SGC) is a mineral exploration company focused on the acquisition and development of gold properties in North America. The company operates within the mining and natural resources sector, with a primary emphasis on identifying and exploring high-potential gold deposits. Solstice Gold's core activities include geological mapping, drilling, and sampling to assess and advance its exploration projects towards potential mining development.

How the Company Makes Money

Solstice Gold makes money primarily through the exploration and potential development of gold properties. The company's revenue model involves identifying promising gold deposits, conducting comprehensive geological assessments, and advancing these projects to a stage where they can attract investment or be sold to larger mining companies. Key revenue streams include funding from investors, joint ventures, and potential sale or leasing of mineral rights. Solstice Gold may also earn income through strategic partnerships with other mining companies looking to expand their gold exploration portfolios. The company's earnings are significantly influenced by factors such as the market price of gold, exploration success, and its ability to secure capital for ongoing operations.

Solstice Gold Financial Statement Overview

Summary

Solstice Gold is facing major financial challenges, with no revenue and significant losses impacting all financial statements. The income statement shows negative margins due to ongoing losses, and the balance sheet reveals high liabilities relative to equity with a concerning Debt-to-Equity Ratio. Cash flows are negative, indicating financial stress despite some liquidity support from financing activities.

Income Statement

Solstice Gold's income statement reflects no revenue generation, leading to negative margins. The Gross Profit Margin, Net Profit Margin, EBIT Margin, and EBITDA Margin are all negative due to significant losses. The company has not shown revenue growth, which is a major concern for future profitability.

Balance Sheet

The balance sheet shows a high level of liabilities relative to equity, with a declining Equity Ratio indicating reduced stability. The Debt-to-Equity Ratio is concerning with equity decreasing over recent periods. However, the company holds a significant amount of cash relative to its debt, providing some liquidity.

Cash Flow

Negative operating cash flow and free cash flow indicate financial stress. The Free Cash Flow Growth Rate and ratios to Net Income are negative, showing ongoing cash burn without profitability. However, the company has managed to secure financing, which temporarily supports cash flow.

Breakdown
TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
-6.00K	0.00	-3.50K	0.00	0.00	0.00
	EBIT
-347.78K	-993.96K	-3.92M	-5.61M	-417.76K	-696.09K
	EBITDA
-629.35K	-886.49K	-3.99M	-5.64M	-426.89K	-711.46K
	Net Income Common Stockholders
-602.71K	-886.48K	-3.52M	-5.56M	-416.82K	-680.78K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
3.79M	522.26K	1.08M	1.98M	721.77K	1.82M
	Total Assets
16.09M	556.65K	1.14M	2.20M	786.56K	17.08M
	Total Debt
0.00	0.00	80.00K	80.00K	80.00K	30.00K
	Net Debt
-3.79M	-378.67K	-498.15K	-1.61M	-641.77K	-1.79M
	Total Liabilities
595.84K	195.48K	136.60K	408.94K	206.24K	618.02K
	Stockholders Equity
15.50M	361.17K	999.52K	1.79M	580.32K	16.46M
Cash Flow		Free Cash Flow
-527.47K	-920.01K	-3.82M	-9.50M	-389.33K	-678.10K
	Operating Cash Flow
-527.47K	-920.01K	-3.82M	-5.45M	-389.33K	-678.10K
	Investing Cash Flow
147.32K	194.81K	38.00K	0.00	-729.32K	-2.20M
	Financing Cash Flow
123.59K	525.73K	2.67M	6.41M	20.00K	1.21M

Solstice Gold Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.06
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SGC, the sentiment is Positive. The current price of 0.06 is above the 20-day moving average (MA) of 0.05, above the 50-day MA of 0.04, and above the 200-day MA of 0.03, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 61.08 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:SGC.

Solstice Gold Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	51 Neutral	$2.04B	-1.21	-21.10%	3.95%	2.90%	-30.45%
MAU	48 Neutral	C$1.51B	―	-78.53%	―	―	-66.54%
PRB	47 Neutral	C$505.82M	―	-177.01%	―	―	10.27%
SEA	46 Neutral	$1.97B	―	-1.46%	―	―	1.89%
SGC	41 Neutral	C$12.93M	―	-73.08%	―	―	82.35%
GLD	34 Underperform	C$3.13M	―	-125.90%	―	―	83.95%

Solstice Gold Corporate Events

Solstice Gold Launches Initial Drilling at Strathy Project

Solstice Gold Corp. has initiated its first diamond drill program at the Strathy Gold Project in the Temagami Greenstone Belt, Ontario. The program aims to explore five high-priority target areas, leveraging historical gold mineralization data and recent IP survey results that indicate extensive, untested anomalies. This marks a significant step in systematically exploring the core area of the Strathy Gold Project, which has not been previously drilled, potentially enhancing the company’s position in the gold exploration industry.

Spark’s Take on TSE:SGC Stock

According to Spark, TipRanks’ AI Analyst, TSE:SGC is a Neutral.

Solstice Gold’s overall stock score reflects significant financial challenges, including a lack of revenue and ongoing losses. However, the company shows some promise due to recent positive corporate events and technical momentum. The absence of earnings call data limits a deeper understanding of strategic direction, emphasizing the need for cautious optimism.

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

Solstice Gold Initiates Drill Program at Strathy Project

Solstice Gold has announced the launch of a 3,500-meter diamond drill program at its Strathy Gold Project in the Temagami Greenstone Belt, Ontario. This initiative aims to explore five high-priority target areas, leveraging recent geophysical surveys that suggest a larger mineralizing system than previously documented. The program is significant for Solstice as it seeks to uncover new gold deposits, potentially enhancing its position in the mining sector and offering promising opportunities for stakeholders.

Solstice Gold Closes Upsized $1.15M Private Placement

Solstice Gold Corp. has successfully closed an upsized private placement financing, raising approximately $1.15 million. The funds will primarily support exploration programs, including a diamond drill program at the Strathy Gold Project, enhancing the company’s operational capabilities and exploration potential.

Solstice Gold Upsizes Private Placement to $1.15 Million

Solstice Gold Corp. has increased its non-brokered private placement offering from $850,000 to $1,150,000 due to strong investor demand. The proceeds will be used to fund exploration programs, particularly a diamond drill program at the Strathy Gold Project, and for general corporate purposes. The offering is subject to TSX Venture Exchange approval and involves participation from the company’s board and management, indicating strong internal confidence in the company’s strategic direction.

Solstice Gold Announces $850,000 Financing for Exploration

Solstice Gold Corp. has announced a correction to its previous press release regarding an $850,000 financing initiative through a non-brokered private placement. The offering will consist of premium flow-through units, flow-through common shares, and company units, with the majority of proceeds allocated to gold exploration at the Strathy Gold Project. The financing involves significant participation from the company’s board and senior management, and is subject to regulatory approvals, with the closing expected by March 31, 2025.