Sky Gold Corp (SKYG) AI Stock Analysis

• Market Cap: C$3.64M
• Dividend Yield: N/A
• Average Volume (3M): 256.43K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.02
• Revenue Growth: N/A
• EPS Growth: 19.49%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): N/A
• Shares Outstanding: 45,488,810
• 10 Day Avg. Volume: 254,968
• 30 Day Avg. Volume: 256,426
• PEG Ratio: 0.25
• Price to Book (P/B): 4.42
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -5.84
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: C$0.08 ▲(30.00% Upside)

The score is weighed down primarily by weak financial performance (no revenue, persistent losses, and negative operating/free cash flow, alongside a shrinking equity base). Technicals provide a partial offset as the stock trades above major moving averages with moderate momentum, but valuation remains challenged due to a negative P/E and no indicated dividend yield.

Positive Factors

Low leverage / minimal debt

A near-zero debt profile is a durable structural advantage: lower fixed obligations reduce bankruptcy risk and interest burden, giving management flexibility to prioritize operating investment or resource allocation. This conserves cash runway while the company builds revenue streams.

Improving cash burn trend

An improving cash-burn trajectory signals better operational discipline and cost management, extending runway and lowering near-term financing needs. If sustained, this trend supports a credible path toward break-even and makes future capital raises less dilutive.

Modest improvement in net loss

Sequential improvement in net loss indicates management progress on cost structure or operational execution. Over several quarters this can validate the business model adjustments, improve investor confidence, and make funding or strategic partnerships easier to secure long-term.

Negative Factors

No reported revenue

Absence of revenue is a fundamental structural risk: without demonstrated customer demand the company lacks a scalable cash-generating core. This forces reliance on external financing, impedes margin improvement analysis, and makes long-term viability contingent on proving a commercial model.

Negative operating and free cash flow

Persistent negative operating and free cash flow means the business consumes capital to operate, requiring continual financing. Over months this raises dilution and refinancing risk, limits the ability to invest in growth, and constrains strategic options absent a clear revenue inflection.

Shrinking equity base

A materially reduced equity base erodes the balance-sheet buffer against losses and reduces borrowing capacity. This weakens resilience to adverse shocks, increases probability of dilutive capital raises, and limits runway for scaling operations until profitability or meaningful revenue is achieved.

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 1,550 hectares, as well as the Virginia property located in Newfoundland, Canada; the Evening Star property that consists of 43 unpatented mineral lode claims covering an area of 660 acres located in Hawthorne, Nevada; and the Imperial property that comprises 228 claims covering an area of approximately 6,575.84 hectares located in Quebec, Canada. The company was formerly known as Sunvest Minerals Corp. and changed its name to Sky Gold Corp. in April 2019. Sky Gold Corp. was incorporated in 2008 and is based in Vancouver, Canada.

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

Income statement shows no reported revenue and continued losses (TTM EBIT about -0.48M; net loss about -0.52M). Cash flow remains negative (TTM operating cash flow about -0.22M; free cash flow about -0.15M), implying ongoing funding needs. Balance sheet leverage is low (minimal/no debt), but equity has shrunk materially (to ~0.29M TTM), reducing financial flexibility.

Income Statement

TTM (Trailing-Twelve-Months) results show no reported revenue and continued operating losses (EBIT of about -0.48M and net loss of about -0.52M). Losses have persisted across the annual periods as well, indicating the business has not yet demonstrated a scalable, profitable operating model. A modest improvement in net loss versus some prior periods is a positive, but the core weakness is the lack of top-line generation and ongoing negative earnings.

Balance Sheet

Leverage appears low with minimal to no debt reported in most periods (TTM total debt at 0 and a very low debt-to-equity reading). However, the equity base has declined materially over time (from multi-million levels in earlier years to roughly 0.29M TTM), reflecting ongoing losses and weakening balance-sheet resilience. Returns on equity are negative, reinforcing that shareholders’ capital is currently not producing profits.

Cash Flow

Cash generation remains a key pressure point: TTM (Trailing-Twelve-Months) operating cash flow is negative (about -0.22M) and free cash flow is also negative (about -0.15M). While the cash burn has improved versus some prior annual periods, the company still requires funding to sustain operations until it can establish consistent revenue and profitability. Recent free-cash-flow growth is negative in the TTM period, highlighting volatility in cash usage.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 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	-586.23K	-551.33K	-454.79K	-604.44K	-886.55K	-1.34M
Net Income	-522.23K	-551.33K	-486.71K	-6.10M	-886.55K	-1.27M
Balance Sheet
Total Assets	717.46K	719.39K	1.03M	579.12K	5.36M	5.74M
Cash, Cash Equivalents and Short-Term Investments	10.92K	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	426.19K	346.90K	209.04K	99.77K	148.38K	70.53K
Stockholders Equity	291.28K	372.49K	820.12K	479.35K	5.21M	5.67M
Cash Flow
Free Cash Flow	-146.67K	-281.70K	-381.93K	-965.13K	-1.09M	-2.15M
Operating Cash Flow	-218.17K	-281.70K	-341.07K	-527.65K	-437.25K	-644.91K
Investing Cash Flow	224.40K	111.62K	-119.49K	-437.48K	-643.72K	-1.51M
Financing Cash Flow	2.50K	2.50K	647.30K	966.50K	71.50K	3.02M

Sky Gold Corp Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.06
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• 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 0.06 is below the 20-day moving average (MA) of 0.07, above the 50-day MA of 0.06, and above the 200-day MA of 0.04, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 60.70 is Neutral, neither overbought nor oversold. The STOCH value of 43.33 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
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
ASHL	49 Neutral	C$5.01M	―	-81.50%	―	―	―
SKYG	46 Neutral	C$3.64M	-8.42	-100.67%	―	―	19.49%
GR	45 Neutral	C$10.15M	-2.85	―	―	―	-39.62%
OWLI	43 Neutral	C$4.28M	-2.99	―	―	―	11.84%
GOR	34 Underperform	C$4.90M	-13.79	―	―	―	-20.83%
CRVC.X	21 Underperform	C$5.76M	-100.00	―	―	―	99.29%

Sky Gold Corp Corporate Events

Sky Gold Outlines Major Porphyry-Style Target at Evening Star in Nevada

Sky Gold Corp. has identified a large, coherent geophysical anomaly at the High Life target on its Evening Star property in Nevada that is characteristic of a copper-gold porphyry system, with a roughly one-kilometre-wide, deeply rooted magnetic body coincident with IP and gravity highs forming a concentric zonation pattern typical of major porphyry deposits. Integrated with historic drilling that intersected significant base metal and silver mineralization near the Gold Bug area and new surface work at nearby Tower Gold and Golden Bomber, the results suggest a preserved intrusive center with potential mineralization at depth and reframe previous shallow drilling as only testing the oxidized cap, materially upgrading the property’s exploration potential and sharpening the focus for future drill targeting across what may be a large, intact mineralized system.

The most recent analyst rating on (TSE:SKYG) stock is a Hold with a C$0.05 price target. To see the full list of analyst forecasts on Sky Gold Corp stock, see the TSE:SKYG Stock Forecast page.

Sky Gold Assigns Star Lake Option to Gold X2 to Refocus on Nevada

Sky Gold Corp. has entered into a definitive agreement to assign its option interest in the Star Lake claims in northwestern Ontario to Gold X2 Mining Inc., allowing Sky Gold to redirect its exploration resources toward its Evening Star project in Nevada while retaining upside exposure through share consideration and future payments. Under the staged deal, Gold X2 can earn up to 100% of Sky Gold’s option interest by meeting exploration spending commitments, issuing shares and making cash payments to both Sky Gold and the local prospector, while the prospector retains a 2% NSR royalty and Gold X2 inherits the right to buy out that royalty, collectively reshaping the ownership and funding structure of the Star Lake project without involving finders’ fees or non-arm’s length parties.

The most recent analyst rating on (TSE:SKYG) stock is a Hold with a C$0.05 price target. To see the full list of analyst forecasts on Sky Gold Corp stock, see the TSE:SKYG Stock Forecast page.

Sky Gold Corp. Begins Drilling at Evening Star Property in Nevada

Sky Gold Corp. has commenced drilling at its Evening Star property in Nevada, targeting gold and copper deposits. The company is using advanced geophysical surveys to refine their drilling strategy, aiming to enhance their exploration efforts and potentially boost their position in the mineral exploration industry.

Sky Gold Corp. Corrects Warrant Details in Private Placement

Sky Gold Corp. has corrected the number of warrants and finders warrants disclosed in its previous announcement regarding a private placement that closed on October 22, 2025. The company issued 23,880,000 warrants and 1,408,000 non-transferable finders’ warrants, with each finder’s warrant allowing the purchase of a warrant share at $0.08 per share for 36 months. The correction does not affect the remaining terms of the offering.