Sky Gold Corp (TSE:SKYG)
:SKYG
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Sky Gold Corp
(SKYG)
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Rating:42Neutral
Price Target:
C$0.04
▼(-28.33% Downside)
Action:Reiterated
Date:05/30/26
The score is primarily constrained by weak financial performance (no revenue, ongoing losses, and continued cash burn), with the low-debt balance sheet only partially mitigating risk. Technicals also skew bearish with the stock trading below key moving averages and negative MACD. Valuation is not supportive because the company is loss-making (negative P/E) and provides no dividend yield.
Positive Factors
Conservative balance sheet (low leverage)
Near-zero debt materially reduces financial distress risk for an exploration company that must weather long project timeframes. Low leverage preserves flexibility to raise project financing or time asset sales without imminent debt servicing pressure, supporting multi‑month project continuity.
Negative Factors
No reported revenue and persistent losses
Absence of operating revenue and recurring losses mean the company cannot self-fund exploration or development. Over multi-month horizons this forces reliance on external capital, increases dilution risk, and creates execution uncertainty if financing conditions tighten.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet (low leverage)
Near-zero debt materially reduces financial distress risk for an exploration company that must weather long project timeframes. Low leverage preserves flexibility to raise project financing or time asset sales without imminent debt servicing pressure, supporting multi‑month project continuity.
Read all positive factors
Sky Gold Corp (SKYG) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$3.55M
Dividend YieldN/A
Average Volume (3M)256.43K
Price to Earnings (P/E)―
Beta (1Y)1.72
Revenue GrowthN/A
EPS Growth-3.85%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding78,882,195
10 Day Avg. Volume254,968
30 Day Avg. Volume256,426
Financial Highlights & Ratios
PEG Ratio0.25
Price to Book (P/B)4.42
Price to Sales (P/S)0.00
P/FCF Ratio-5.84
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
Sky Gold Corp Business Overview & Revenue Model
Company Description
Sky Gold Corp., a junior mineral exploration company, explores for and develops mineral properties in Canada and the United States. The company explores for gold, silver, and base metals. Its properties include the Mustang property that comprises ...
How the Company Makes Money
Sky Gold Corp makes money by identifying, acquiring, and developing mineral-rich properties with the potential for profitable mining operations. Revenue is generated through activities such as the sale or leasing of mineral rights, joint ventures ...
Sky Gold Corp Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
46
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
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 |
| EBITDA | -713.98K | -551.33K | -454.79K | -604.44K | -886.55K | -1.34M |
| Net Income | -703.36K | -551.33K | -486.71K | -6.10M | -886.55K | -1.27M |
Balance Sheet | ||||||
| Total Assets | 1.27M | 719.39K | 1.03M | 579.12K | 5.36M | 5.74M |
| Cash, Cash Equivalents and Short-Term Investments | 23.40K | 69.71K | 350.79K | 3.05K | 1.68K | 1.01M |
| Total Debt | 0.00 | 0.00 | 0.00 | 5.00K | 0.00 | 0.00 |
| Total Liabilities | 171.30K | 346.90K | 209.04K | 99.77K | 148.38K | 70.53K |
| Stockholders Equity | 1.10M | 372.49K | 820.12K | 479.35K | 5.21M | 5.67M |
Cash Flow | ||||||
| Free Cash Flow | -594.00K | -281.70K | -381.93K | -965.13K | -1.09M | -2.15M |
| Operating Cash Flow | -613.86K | -281.70K | -341.07K | -527.65K | -437.25K | -644.91K |
| Investing Cash Flow | -453.08K | 111.62K | -119.49K | -437.48K | -643.72K | -1.51M |
| Financing Cash Flow | 1.07M | 2.50K | 647.30K | 966.50K | 71.50K | 3.02M |
Sky Gold Corp Technical Analysis
Negative
0.06
Price Trends
0.05
Negative
0.06
Negative
0.05
Negative
Market Momentum
>-0.01
Positive
34.00
Neutral
33.33
Neutral
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 0.06 is above the 20-day moving average (MA) of 0.05, above the 50-day MA of 0.05, and above the 200-day MA of 0.05, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 34.00 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 Negative sentiment for TSE:SKYG.
Sky Gold Corp 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% | |
49 Neutral | C$5.61M | -5.51 | -81.50% | ― | ― | ― | |
48 Neutral | C$4.66M | -14.18 | ― | ― | ― | -17.39% | |
48 Neutral | C$9.62M | -7.94 | ― | ― | ― | 33.72% | |
42 Neutral | C$3.55M | -5.05 | -91.14% | ― | ― | -3.85% | |
42 Neutral | C$4.98M | -1.47 | ― | ― | ― | -35.32% | |
| ― | C$5.76M | -0.28 | ― | ― | ― | -76.47% |
* Basic Materials Sector Average
TSE:SKYG
Sky Gold Corp
0.05
0.02
80.00%
TSE:GOR
Goldrea Resources
0.03
<0.01
50.00%
TSE:GR
Great Atlantic Resources
0.08
0.00
0.00%
TSE:OWLI
One World Lithium
0.05
0.03
350.00%
TSE:CRVC.X
Cross River Ventures
0.02
0.01
100.00%
TSE:ASHL
Ashley Gold Corp.
0.07
0.03
62.50%
Sky Gold Corp Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Sky Gold Launches Drilling at Nevada Flagship as Financing Nears Close
Positive
Apr 15, 2026
Sky Gold Corp. has begun a drilling program at its Evening Star copper-gold project in Nevada’s Walker Lane mineral belt, targeting the interpreted copper-gold porphyry core at the High Life zone and polymetallic carbonate replacement and ma...
Business Operations and StrategyPrivate Placements and Financing
Sky Gold launches Nevada drilling program and $1.5 million private placement
Positive
Apr 7, 2026
Sky Gold Corp. has mobilized Titan Drilling to launch a 2,400-metre diamond drilling program at its Evening Star copper-gold project in Nevada’s Walker Lane Trend, targeting the interpreted copper-gold core of the High Life porphyry system a...
Business Operations and Strategy
Sky Gold Tightens High Life Porphyry Target With Strong Surface Gold Ahead of Drilling
Positive
Mar 31, 2026
Sky Gold Corp. reported fresh fieldwork results from its Evening Star Property in Nevada that further delineate the High Life copper-gold porphyry target ahead of an approximately 2,400 metre core drilling program. Alteration mapping, combined wit...
Business Operations and Strategy
Sky Gold mobilizes drilling at Nevada’s Evening Star copper-gold project
Positive
Mar 13, 2026
Sky Gold Corp. has engaged Nevada-based Titan Drilling for an early-April diamond drill program on its Evening Star property, targeting the High Life copper-gold porphyry system and follow-up work on historical mineralization at Gold Bug. The comp...
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.