Sky Gold Corp (SKYG) AI Stock Analysis

• Market Cap: C$1.64M
• Dividend Yield: N/A
• Average Volume (3M): 21.31K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.82
• Revenue Growth: N/A
• EPS Growth: 93.79%
• Country: CA
• Employees: N/A
• Sector: Real Estate
• Sector Strength: 79
• Industry: Industrial Materials
• EPS (TTM): -0.01
• Shares Outstanding: 54,752,190
• 10 Day Avg. Volume: 18,533
• 30 Day Avg. Volume: 21,306
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• 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 low, primarily due to significant financial challenges marked by zero revenue and persistent losses. Technical analysis shows neutral momentum, lacking strong directional signals. Valuation metrics are unfavorable, with a negative P/E ratio and no dividend. However, the recent discovery of gold deposits offers a glimmer of potential, though it remains speculative at this stage. Substantial improvements are needed to enhance the stock's investment appeal.

Sky Gold Corp Business Overview & Revenue Model

Company Description

Sky Gold Corp (SKYG) is a mineral exploration company engaged in the acquisition and exploration of precious metal properties, primarily focusing on gold. The company operates within the mining sector and seeks to identify, evaluate, and develop mineral-rich properties with the potential for economic extraction. Sky Gold Corp aims to expand its portfolio of prospective mining projects through strategic exploration and development initiatives.

How the Company Makes Money

Sky Gold Corp generates revenue primarily through the exploration and development of mineral properties, aiming to discover economically viable gold deposits. The company makes money by conducting exploration activities to increase the value of its properties and potentially selling or partnering with larger mining firms once significant mineral resources are identified. Sky Gold Corp may also engage in joint ventures or option agreements with other mining companies to reduce exploration risks and share in the development costs. Additionally, the company could generate revenue by selling or leasing its mining claims to interested parties. However, since Sky Gold Corp is primarily in the exploration stage, significant revenue is typically realized upon successful discovery and economic extraction of gold deposits.

Sky Gold Corp Financial Statement Overview

Summary

Sky Gold Corp faces significant financial challenges with no revenue generation and persistent operational losses. The balance sheet shows low debt but declining equity, raising concerns about financial stability. Cash flow issues, particularly in generating positive cash from operations, highlight sustainability risks. Overall, substantial improvements are needed for a healthier financial outlook.

Income Statement

Sky Gold Corp has reported zero revenue over the examined periods, indicating a lack of sales activity, which is concerning for future profitability. The net income has consistently been negative, and recent EBIT and EBITDA figures also reflect losses, indicating operational challenges. The absence of revenue and persistent losses warrant a low score.

Balance Sheet

The company has maintained low levels of debt, which is a positive indicator of financial prudence. However, the declining stockholders' equity and significant liabilities compared to assets suggest potential financial distress. Despite a reasonable equity ratio, the overall financial stability is weak, leading to a moderate score.

Cash Flow

Sky Gold Corp's cash flow situation is concerning, with negative operating and free cash flows, highlighting issues with cash generation from operations. The reliance on financing activities to sustain operations indicates potential sustainability issues. The lack of free cash flow growth further underscores the challenges, resulting in a low score.

Breakdown
Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 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
-498.78K	4.84M	-886.55K	-1.23M	1.04M
	EBITDA
-486.71K	-590.02K	-886.55K	-1.23M	-769.80K
	Net Income Common Stockholders
-486.71K	-6.10M	-886.55K	-1.27M	-2.59M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
350.79K	3.05K	1.68K	1.01M	139.96K
	Total Assets
1.03M	579.12K	5.36M	5.74M	1.53M
	Total Debt
0.00	5.00K	0.00	0.00	0.00
	Net Debt
-189.79K	1.95K	-1.68K	-1.01M	-139.96K
	Total Liabilities
209.04K	99.77K	148.38K	70.53K	55.83K
	Stockholders Equity
820.12K	479.35K	5.21M	5.67M	1.47M
Cash Flow		Free Cash Flow
-381.93K	-965.13K	-1.09M	-2.15M	-1.52M
	Operating Cash Flow
-341.07K	-527.65K	-437.25K	-644.91K	-610.38K
	Investing Cash Flow
-119.49K	-437.48K	-643.72K	-1.51M	-900.65K
	Financing Cash Flow
647.30K	966.50K	71.50K	3.02M	1.06M

Sky Gold Corp Technical Analysis

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

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SKYG, the sentiment is Negative. The current price of 0.03 is below the 20-day moving average (MA) of 0.03, below the 50-day MA of 0.03, and below the 200-day MA of 0.03, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 46.92 is Neutral, neither overbought nor oversold. The STOCH value of >-0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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	80 Outperform	C$2.95B	19.86	26.82%	―	77.93%	236.93%
Sector *	60 Neutral	$2.82B	11.31	0.21%	8508.30%	6.32%	-13.73%
PRB	47 Neutral	C$415.16M	―	-109.44%	―	―	10.27%
LIO	41 Neutral	C$84.86M	―	-12.04%	―	3111.09%	-120.48%
SKYG	40 Underperform	C$1.64M	―	-104.86%	―	―	93.79%

Sky Gold Corp Corporate Events

Sky Gold Corp Uncovers Promising Gold Deposits in Ontario

Sky Gold Corp has announced significant findings from its basal-till geochemical sampling program at the Consolidated Shebandowan property in Northwestern Ontario. The sampling revealed substantial particulate gold grains, indicating potential for orogenic gold deposits. These findings are slated for follow-up drilling, which could enhance the company’s exploration prospects and potentially impact its market positioning. The upcoming exploration program will include geological mapping and prospecting, with plans for trenching and diamond drilling later in the year.

Spark’s Take on TSE:SKYG Stock

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

Sky Gold Corp’s overall stock score is low, primarily due to significant financial challenges marked by zero revenue and persistent losses. Technical analysis shows neutral momentum, lacking strong directional signals. Valuation metrics are unfavorable, with a negative P/E ratio and no dividend. These factors highlight the need for substantial improvements to enhance the investment appeal.

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