Scorpio Gold Corp (TSE:SGN)
:SGN
Top Page
Scorpio Gold
(SGN)
Select Model
Select Model
Rating:49Neutral
Price Target:
C$0.38
▲(11.18% Upside)
Action:ReiteratedDate:01/23/26
The score is held down primarily by weak financial performance, marked by persistent losses and significant ongoing cash burn despite currently low leverage. Technicals are a positive offset with price strength above key moving averages and positive MACD, but high volatility (beta) increases risk. Valuation is also limited by negative earnings and no provided dividend yield.
Positive Factors
Low Current Leverage
Trailing-twelve-month debt is very low (debt-to-equity ~0.03), giving Scorpio Gold financial flexibility. Minimal current debt reduces interest burden and default risk, preserving optionality to fund exploration or raise capital on better terms over the coming months.
Negative Factors
Persistent Cash Burn
Consistent negative operating and free cash flow erode cash reserves and force recurrent equity or debt raises. For a junior explorer, ongoing cash burn raises dilution risk, constrains continuous drilling/permitting programs, and increases dependence on external capital over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Current Leverage
Trailing-twelve-month debt is very low (debt-to-equity ~0.03), giving Scorpio Gold financial flexibility. Minimal current debt reduces interest burden and default risk, preserving optionality to fund exploration or raise capital on better terms over the coming months.
Read all positive factors
Scorpio Gold (SGN) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$106.54M
Dividend YieldN/A
Average Volume (3M)725.97K
Price to Earnings (P/E)2.2
Beta (1Y)3.83
Revenue GrowthN/A
EPS Growth-57.61%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)0.04
Shares Outstanding300,114,040
10 Day Avg. Volume606,160
30 Day Avg. Volume725,974
Financial Highlights & Ratios
PEG Ratio-5.21
Price to Book (P/B)17.41K
Price to Sales (P/S)0.00
P/FCF Ratio-1.12K
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
Scorpio Gold generates revenue primarily through the extraction and sale of gold from its mining operations. The company operates mines where it extracts ore, processes it to separate gold, and then sells the refined product in the global precious...
Scorpio Gold Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
44
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 3.24M | 4.97M |
| Gross Profit | -79.00K | 0.00 | 0.00 | -161.00K | -1.93M | 230.00K |
| EBITDA | -7.84M | -4.37M | -2.20M | -2.94M | -3.78M | -521.00K |
| Net Income | -8.32M | -15.25M | -2.27M | -2.21M | -4.68M | -1.42M |
Balance Sheet | ||||||
| Total Assets | 20.39M | 17.13M | 14.69M | 14.45M | 13.79M | 18.96M |
| Cash, Cash Equivalents and Short-Term Investments | 8.98M | 0.00 | 294.85K | 331.90K | 278.98K | 4.15M |
| Total Debt | 511.14K | 1.02M | 4.47M | 3.05M | 450.00K | 0.00 |
| Total Liabilities | 2.33M | 16.78M | 11.92M | 9.62M | 7.33M | 8.41M |
| Stockholders Equity | 18.07M | 349.09K | 2.77M | 4.83M | 6.46M | 10.54M |
Cash Flow | ||||||
| Free Cash Flow | -7.42M | -5.45M | -1.51M | -2.55M | -4.27M | -1.28M |
| Operating Cash Flow | -4.06M | -4.36M | -1.44M | -1.69M | -2.60M | -807.00K |
| Investing Cash Flow | 1.72M | -2.30M | 130.52K | -687.56K | -1.72M | -1.77M |
| Financing Cash Flow | 11.38M | 6.37M | 1.27M | 2.43M | 450.00K | 4.49M |
Scorpio Gold Technical Analysis
Negative
0.34
Price Trends
0.44
Negative
0.39
Negative
0.35
Positive
Market Momentum
-0.02
Positive
33.57
Neutral
8.48
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 0.48, below the 50-day MA of 0.44, and below the 200-day MA of 0.35, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 33.57 is Neutral, neither overbought nor oversold. The STOCH value of 8.48 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% | |
56 Neutral | C$61.76M | -6.39 | -57.68% | ― | ― | -68.53% | |
55 Neutral | C$95.89M | -39.48 | -36.15% | ― | ― | -661.70% | |
54 Neutral | C$176.64M | -6.37 | -27.32% | ― | ― | 17.15% | |
50 Neutral | C$131.84M | -9.78 | ― | ― | ― | ― | |
49 Neutral | C$106.54M | 2.20 | -146.98% | ― | ― | -57.61% |
* Basic Materials Sector Average
TSE:SGN
Scorpio Gold
0.36
0.27
294.44%
TSE:ECR
Cartier Resources
0.22
0.09
72.00%
TSE:GWM
Galway Metals
0.57
0.08
16.33%
TSE:VEIN
Pasofino Gold
0.87
0.47
117.50%
TSE:BLLG
Blue Lagoon Resources
0.80
0.53
190.91%
TSE:AE
American Eagle Gold
1.04
0.55
112.24%
Scorpio Gold Corporate Events
Business Operations and Strategy
Scorpio Gold Hits 25 m of 0.76 g/t at Nevada’s Manhattan Project, Expands 2025 Drilling Campaign
Positive
Jan 23, 2026
Scorpio Gold reported new results from its 2025 Phase Two diamond drilling program at the Manhattan District Project in Nevada, highlighted by hole 25MN-036 intersecting 25.02 metres grading 0.76 grams per tonne gold, including a higher-grade inte...
Business Operations and Strategy
Scorpio Gold Targets Investor Engagement and Insider Alignment With Options Grant
Positive
Jan 17, 2026
Scorpio Gold Corporation announced its participation in the upcoming Metals Investor Forum in Vancouver, where CEO Zayn Kalyan will deliver a corporate presentation and management will engage directly with investors, complemented by an open house ...
Business Operations and StrategyM&A Transactions
Scorpio Gold Expands Manhattan District Footprint With Betty East Property Option
Positive
Jan 15, 2026
Scorpio Gold has entered into a property option agreement to acquire a 100% interest in the Betty East Property, a block of 32 unpatented lode mining claims in Nye County, Nevada, and has staked additional claims to connect it with its existing Ma...
Business Operations and Strategy
Scorpio Gold Expands Mineralization Footprint With New Manhattan Drill Results
Positive
Dec 30, 2025
Scorpio Gold reported additional assay results from seven diamond drill holes completed in 2025 at its Manhattan District Project in Nevada, including notable intercepts of 2.21 g/t gold over 7.38 metres in hole 25MN-030 and 0.54 g/t gold over 20....
Executive/Board ChangesPrivate Placements and Financing
Scorpio Gold Strengthens Financial Position and Announces Leadership Change
Positive
Dec 3, 2025
Scorpio Gold Corp. has received the first deferred payment of $750,000 from the sale of its subsidiary, Mineral Ridge Gold, LLC, strengthening its financial position as it advances its 50,000-metre drill program in the Manhattan District. Addition...
Business Operations and Strategy
Scorpio Gold Unveils Promising Drilling Results at Manhattan Project
Positive
Nov 24, 2025
Scorpio Gold Corporation announced promising results from its 2025 drilling program at the Manhattan District Project in Nevada, revealing new zones of mineralization. The results indicate the potential for significant resource expansion, with hig...
Business Operations and Strategy
Scorpio Gold Identifies 19 High-Potential Exploration Targets in Nevada
Positive
Nov 11, 2025
Scorpio Gold Corporation has announced the identification of 19 high-potential gold exploration targets in the Manhattan District, Nevada. These targets, which include historic high-grade resources, present substantial opportunities for resource e...
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.