Scorpio Gold Corp (TSE:SGN)
:SGN
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Scorpio Gold
(SGN)
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Rating:48Neutral
Price Target:
C$0.33
▼(-2.35% Downside)
Action:Reiterated
Date:05/10/26
The score is held back primarily by weak financial performance—near-zero revenue and persistent negative operating/free cash flow—despite a stronger 2025 balance sheet. Technicals are relatively supportive with price above major moving averages and modestly positive momentum, but valuation is unattractive/unclear due to a negative P/E and no dividend yield data.
Positive Factors
Stronger 2025 balance sheet
A materially stronger 2025 balance sheet (equity ~19.3M vs modest debt ~0.5M) meaningfully improves solvency and financial flexibility. This lowers near-term refinancing and credit risk, allowing the company to fund exploration or withstand setbacks over the next several months.
Negative Factors
Persistent negative cash flow
Operating and free cash flow have been negative across the entire multi-year record, indicating ongoing cash burn. That structural shortfall forces reliance on external financing, increasing dilution and execution risk, and limits the firm's ability to self-fund exploration or development.
Read all positive and negative factors
Positive Factors
Negative Factors
Stronger 2025 balance sheet
A materially stronger 2025 balance sheet (equity ~19.3M vs modest debt ~0.5M) meaningfully improves solvency and financial flexibility. This lowers near-term refinancing and credit risk, allowing the company to fund exploration or withstand setbacks over the next several months.
Read all positive factors
Scorpio Gold (SGN) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$101.39M
Dividend YieldN/A
Average Volume (3M)725.97K
Price to Earnings (P/E)―
Beta (1Y)3.51
Revenue GrowthN/A
EPS GrowthN/A
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-8.15
Shares Outstanding302,664,180
10 Day Avg. Volume606,160
30 Day Avg. Volume725,974
Financial Highlights & Ratios
PEG Ratio-0.16
Price to Book (P/B)2.76
Price to Sales (P/S)0.00
P/FCF Ratio-4.65
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
Scorpio Gold Business Overview & Revenue Model
Company Description
Scorpio Gold Corporation, together with its subsidiaries, engages in the exploitation, exploration, and development of mineral resource properties in the United States. It primarily explores for gold and silver deposits. The company holds 100% int...
How the Company Makes Money
null...
Scorpio Gold Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
58
Neutral
Cash Flow
18
Very Negative
| Breakdown | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 3.24M |
| Gross Profit | -668.74K | 0.00 | 0.00 | -161.00K | -1.93M |
| EBITDA | 3.76M | -4.37M | -2.20M | -2.94M | -3.78M |
| Net Income | 3.11M | -15.25M | -2.27M | -2.21M | -4.68M |
Balance Sheet | |||||
| Total Assets | 22.19M | 17.13M | 14.69M | 14.45M | 13.79M |
| Cash, Cash Equivalents and Short-Term Investments | 8.34M | 0.00 | 294.85K | 331.90K | 278.98K |
| Total Debt | 507.60K | 1.02M | 4.47M | 3.05M | 450.00K |
| Total Liabilities | 2.87M | 16.78M | 11.92M | 9.62M | 7.33M |
| Stockholders Equity | 19.32M | 349.09K | 2.77M | 4.83M | 6.46M |
Cash Flow | |||||
| Free Cash Flow | -11.46M | -5.45M | -1.51M | -2.55M | -4.27M |
| Operating Cash Flow | -5.29M | -4.36M | -1.44M | -1.69M | -2.60M |
| Investing Cash Flow | -331.47K | -2.30M | 130.52K | -687.56K | -1.72M |
| Financing Cash Flow | 13.79M | 6.37M | 1.27M | 2.43M | 450.00K |
Scorpio Gold Technical Analysis
Negative
0.34
Price Trends
0.37
Negative
0.40
Negative
0.38
Negative
Market Momentum
<0.01
Positive
38.68
Neutral
7.30
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SGN, the sentiment is Negative. The current price of 0.34 is below the 20-day moving average (MA) of 0.38, below the 50-day MA of 0.37, and below the 200-day MA of 0.38, indicating a bearish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 38.68 is Neutral, neither overbought nor oversold. The STOCH value of 7.30 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:SGN.
Scorpio Gold Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | C$111.54M | -38.93 | -11.51% | ― | ― | 63.39% | |
50 Neutral | C$223.72M | -4.75 | -39.10% | ― | ― | -26.14% | |
48 Neutral | C$101.39M | -8.17 | 29.82% | ― | ― | ― | |
48 Neutral | C$59.60M | -14.30 | -48.20% | ― | ― | -21.20% |
* Basic Materials Sector Average
TSE:SGN
Scorpio Gold
0.34
0.18
116.13%
TSE:ECR
Cartier Resources
0.25
0.14
127.27%
TSE:GWM
Galway Metals
0.55
0.17
44.74%
TSE:BLLG
Blue Lagoon Resources
0.84
0.30
55.56%
TSE:AE
American Eagle Gold
1.11
0.65
141.30%
Scorpio Gold Corporate Events
Business Operations and Strategy
Scorpio Gold Extends Manhattan Mineralization With Strong Black Mammoth Drill Results
Positive
Apr 1, 2026
Scorpio Gold Corp. reported new Phase Two drill results from its Manhattan District project in Nevada, highlighted by hole 26MN-057 at the Black Mammoth target, which intersected 40.23 metres grading 1.02 g/t gold, including several higher-grade i...
Business Operations and Strategy
Scorpio Gold Extends Manhattan District Mineralization With Strong Black Mammoth Drill Hit
Positive
Apr 1, 2026
Scorpio Gold Corp. reported new Phase Two drill results from its Manhattan District Project in Nevada, highlighting a strong intercept at the Black Mammoth target, where hole 26MN-057 returned 40.23 metres grading 1.02 g/t gold, including higher-g...
Business Operations and Strategy
Scorpio Gold Extends Manhattan Mineralization With Black Mammoth Step-Out Hit
Positive
Mar 19, 2026
Scorpio Gold reported new drill results from Phase Two diamond drilling at its Manhattan District Project in Nevada, highlighted by hole 26MN-053 at the Black Mammoth target, which intersected 24.69 metres grading 0.75 g/t gold in a 250-metre step...
Business Operations and Strategy
Scorpio Gold Extends Manhattan Mineralization With Strong Step-Out Drilling
Positive
Feb 27, 2026
Scorpio Gold reported new Phase Two drill results from its Manhattan District Project in Nevada, highlighted by hole 26MN-048, which intersected 28.35 metres grading 1.25 g/t gold from 124.75 metres and 49.23 metres grading 0.59 g/t gold higher in...
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.