Sky Gold Corp (SKYG) AI Stock Analysis

• Market Cap: C$1.64M
• Dividend Yield: N/A
• Average Volume (3M): 49.95K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.04
• Revenue Growth: N/A
• EPS Growth: 93.79%
• Country: CA
• Employees: N/A
• Sector: Real Estate
• Sector Strength: 69
• Industry: Mining
• EPS (TTM): -0.01
• Shares Outstanding: 54,752,190
• 10 Day Avg. Volume: 31,810
• 30 Day Avg. Volume: 49,949
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): -4.40
• P/FCF Ratio: 0.00
• 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

Sky Gold Corp's overall stock score is primarily impacted by its weak financial performance and valuation challenges. Persistent losses, lack of revenue generation, and operational inefficiencies present significant risks. Technical indicators show some positive momentum, but the potential for overbought conditions suggests caution. Without earnings growth or dividend prospects, the stock may not be appealing to investors seeking stable returns.

Sky Gold Corp Business Overview & Revenue Model

Company Description

Sky Gold Corp (SKYG) is a Canadian-based junior mineral exploration company primarily focused on the acquisition, exploration, and development of mineral resource properties. The company operates within the mining and metals sector, with a particular emphasis on gold and other precious metals. Sky Gold Corp's core activities involve identifying and advancing promising mineral properties that have the potential for economic mineral deposits, thereby increasing the company's asset base and shareholder value.

How the Company Makes Money

Sky Gold Corp makes money through the acquisition and exploration of mineral properties, with the aim of discovering economically viable mineral deposits that can be developed into producing mines. The company generates revenue by increasing the value of its mineral assets through successful exploration and development activities. This can attract investment interest and partnerships, leading to potential joint ventures or sales of interests in these projects. Additionally, Sky Gold Corp may raise capital through equity financing, utilizing funds from investors to support ongoing exploration and operational activities. The company's revenue model is largely dependent on the success of its exploration programs and the overall market conditions for the commodities it targets.

Sky Gold Corp Financial Statement Overview

Summary

Sky Gold Corp is experiencing significant financial strain, characterized by persistent losses and a lack of revenue generation. While the absence of debt is a positive aspect, ongoing operational inefficiencies and declining equity highlight potential risks to financial health.

Income Statement

Sky Gold Corp has consistently reported no revenue, resulting in an inability to calculate gross or net profit margins. The company continues to experience negative EBIT and EBITDA margins, reflecting operational challenges and persistent losses.

Balance Sheet

The company maintains a debt-free balance sheet, with a stable equity position relative to its assets. However, the declining stockholders' equity and high proportion of liabilities raise concerns about financial stability.

Cash Flow

Sky Gold Corp's cash flow statements reveal negative free cash flow and operating cash flow trends, coupled with a reliance on financing activities to sustain operations. The free cash flow to net income ratio indicates inefficiencies in converting income to 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
0.00	0.00	0.00	0.00	0.00	0.00
	EBIT
-396.96K	-498.78K	4.84M	-886.55K	-1.23M	1.04M
	EBITDA
-542.41K	-486.71K	-590.02K	-886.55K	-1.23M	-769.80K
	Net Income Common Stockholders
-556.79K	-486.71K	-6.10M	-886.55K	-1.27M	-2.59M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
15.50K	350.79K	3.05K	1.68K	1.01M	139.96K
	Total Assets
2.90M	1.03M	579.12K	5.36M	5.74M	1.53M
	Total Debt
0.00	0.00	5.00K	0.00	0.00	0.00
	Net Debt
-15.50K	-189.79K	1.95K	-1.68K	-1.01M	-139.96K
	Total Liabilities
67.55K	209.04K	99.77K	148.38K	70.53K	55.83K
	Stockholders Equity
2.84M	820.12K	479.35K	5.21M	5.67M	1.47M
Cash Flow		Free Cash Flow
-639.16K	-381.93K	-965.13K	-1.09M	-2.15M	-1.52M
	Operating Cash Flow
-470.92K	-341.07K	-527.65K	-437.25K	-644.91K	-610.38K
	Investing Cash Flow
-128.93K	-119.49K	-437.48K	-643.72K	-1.51M	-900.65K
	Financing Cash Flow
597.30K	647.30K	966.50K	71.50K	3.02M	1.06M

Sky Gold Corp Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.03
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SKYG, the sentiment is Positive. The current price of 0.03 is above the 20-day moving average (MA) of 0.03, above the 50-day MA of 0.03, and below the 200-day MA of 0.03, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 57.21 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:SKYG.

Sky Gold Corp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KNT	75 Outperform	C$2.28B	21.97	20.56%	―	64.92%	185.22%
Sector *	61 Neutral	$4.74B	19.20	-3.02%	7.93%	6.43%	-20.98%
PRB	52 Neutral	C$342.60M	―	-113.17%	―	―	2.31%
LIO	46 Neutral	C$81.88M	―	-12.04%	―	3111.09%	-120.48%
SKYG	35 Underperform	C$1.64M	―	-104.86%	―	―	93.79%

Sky Gold Corp Corporate Events

Sky Gold Partners with Gaia Life for Growth

Sky Gold Corp has partnered with Gaia Life Capital Inc. to enhance investor acquisition through data-driven media strategies as the company advances its Evening Star project in Nevada. Under the four-month agreement, Gaia Life will receive compensation in cash and stock options, emphasizing the importance of increased exposure for Sky Gold’s growth. This strategic move aims to boost Sky Gold’s presence in the market.

Sky Gold Corp Launches Nevada Drill Program

Sky Gold Corp has secured drill permits for its Highlife Copper Porphyry and Tower Gold targets in Nevada, alongside launching a $0.04 private placement to raise $800,000 for drilling and exploration. The majority of the funds will be allocated to the Evening Star project, which features promising copper-gold mineralization potential, with the program aiming to test deeper zones for richer deposits.

Sky Gold Corp Secures Drilling Permits in Nevada

Sky Gold Corp has received drilling permits for its Evening Star Copper-Gold property in Nevada, aiming to explore potential copper-gold deposits. The company’s upcoming drill program will target the ‘Highlife Copper’ porphyry and ‘Tower Gold’ intrusion-hosted gold sites, with renewed interest sparked by rising commodity prices.