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Sky Gold Corp
(SKYG)
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Rating:42Neutral
Price Target:
C$0.04
▼(-36.67% 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
Low financial leverage
Near-zero debt materially reduces insolvency and interest-rate exposure, giving management time to execute a plan without heavy fixed financing costs. Over 2-6 months this conservatism preserves optionality for raising growth capital or funding exploration with lower immediate default risk.
Negative Factors
No revenue reported
Absence of revenue removes the company's ability to self-fund operations and validates uncertainty around product-market fit or commercial progress. Without a clear revenue stream, the firm remains structurally reliant on external capital and faces persistent execution risk over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Low financial leverage
Near-zero debt materially reduces insolvency and interest-rate exposure, giving management time to execute a plan without heavy fixed financing costs. Over 2-6 months this conservatism preserves optionality for raising growth capital or funding exploration with lower immediate default risk.
Read all positive factors
Sky Gold Corp (SKYG) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$3.89M
Dividend YieldN/A
Average Volume (3M)256.43K
Price to Earnings (P/E)―
Beta (1Y)1.75
Revenue GrowthN/A
EPS Growth-3.85%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.01
Shares Outstanding97,172,190
10 Day Avg. Volume254,968
30 Day Avg. Volume256,426
Financial Highlights & Ratios
PEG Ratio0.24
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
Operating as a junior firm, Sky Gold Corp. is dedicated to the exploration and advancement of mineral assets across Canada and the United States. The company's primary focus involves prospecting for valuable minerals such as gold, silver, and vari...
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
0.05
Negative
0.06
Negative
Market Momentum
>-0.01
Negative
43.22
Neutral
>-0.01
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 0.06 is above the 20-day moving average (MA) of 0.04, above the 50-day MA of 0.05, and above the 200-day MA of 0.06, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 43.22 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
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% | |
48 Neutral | C$7.48M | -10.00 | ― | ― | ― | 23.88% | |
44 Neutral | C$4.75M | -8.87 | -81.50% | ― | ― | ― | |
43 Neutral | C$3.11M | -12.05 | ― | ― | ― | 28.57% | |
42 Neutral | C$3.89M | -3.70 | -91.14% | ― | ― | -3.85% | |
42 Neutral | C$4.65M | -1.32 | ― | ― | ― | -15.10% | |
| ― | C$5.76M | -0.28 | ― | ― | ― | -293.75% |
* Basic Materials Sector Average
TSE:SKYG
Sky Gold Corp
0.04
0.02
100.00%
TSE:GOR
Goldrea Resources
0.02
0.01
100.00%
TSE:GR
Great Atlantic Resources
0.07
<0.01
7.69%
TSE:OWLI
One World Lithium
0.04
0.00
0.00%
TSE:CRVC.X
Cross River Ventures
0.02
0.01
100.00%
TSE:ASHL
Ashley Gold Corp.
0.06
0.02
37.50%
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...
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.