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GoldSpot Discoveries
(SPOT)
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Rating:61Neutral
Price Target:
C$0.27
▼(-8.67% Downside)
Action:Reiterated
Date:07/17/26
The score is primarily supported by strong balance-sheet positioning and a very low P/E, but is held back by weak recent cash generation (negative operating and free cash flow) and bearish technical trend signals with negative MACD and price below key moving averages.
Positive Factors
Conservative balance sheet, low leverage
Very low debt and materially improved equity reduce refinancing and solvency risk, giving the company durable financial flexibility to fund R&D, withstand cyclical mining slowdowns, and pursue opportunistic deals without immediate external financing.
Negative Factors
Negative operating and free cash flow
Persistent negative operating and free cash flows over multiple years undermine internal funding for growth and increase reliance on external capital. This gap raises execution risk and constrains the firm's ability to convert reported profits into durable liquidity.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet, low leverage
Very low debt and materially improved equity reduce refinancing and solvency risk, giving the company durable financial flexibility to fund R&D, withstand cyclical mining slowdowns, and pursue opportunistic deals without immediate external financing.
Read all positive factors
GoldSpot Discoveries (SPOT) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$36.68M
Dividend YieldN/A
Average Volume (3M)121.74K
Price to Earnings (P/E)1.1
Beta (1Y)1.45
Revenue Growth43.53%
EPS GrowthN/A
CountryCA
Employees32
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)0.25
Shares Outstanding141,082,430
10 Day Avg. Volume95,152
30 Day Avg. Volume121,743
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.65
Price to Sales (P/S)4.75
P/FCF Ratio-31.93
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
GoldSpot Discoveries Business Overview & Revenue Model
Company Description
EarthLabs Inc., based in Toronto, Canada, is a technology services provider primarily serving the mineral exploration industry. The company's operations are divided into two distinct segments: Exploration Technology and Financial Technology. The E...
How the Company Makes Money
GoldSpot primarily makes money by providing mineral exploration-focused services to mining and exploration clients, for which it is paid fees under consulting/service contracts. These engagements generally involve compiling and cleaning exploratio...
GoldSpot Discoveries Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
82
Very Positive
Cash Flow
34
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 9.89M | 7.52M | 1.93M | -6.84M | 16.12M |
| Gross Profit | 9.55M | 7.00M | 686.28K | -8.01M | 15.82M |
| EBITDA | -6.29M | -5.55M | -17.43M | -24.19M | 3.13M |
| Net Income | 33.99M | -6.19M | -16.62M | -6.85M | 11.04M |
Balance Sheet | |||||
| Total Assets | 85.47M | 44.93M | 49.25M | 63.27M | 73.13M |
| Cash, Cash Equivalents and Short-Term Investments | 79.34M | 38.82M | 42.46M | 49.37M | 49.73M |
| Total Debt | 889.55K | 1.76M | 2.14M | 139.51K | 226.74K |
| Total Liabilities | 13.41M | 7.11M | 5.59M | 5.18M | 12.11M |
| Stockholders Equity | 72.05M | 37.83M | 43.66M | 58.10M | 61.02M |
Cash Flow | |||||
| Free Cash Flow | -1.47M | -3.25M | -17.67M | 18.65M | -10.74M |
| Operating Cash Flow | -1.43M | -3.15M | -17.24M | 18.66M | -9.44M |
| Investing Cash Flow | -45.31K | -96.02K | -2.94M | 206.11K | -8.39M |
| Financing Cash Flow | -832.66K | -198.38K | 56.30K | -74.22K | 19.91M |
GoldSpot Discoveries Technical Analysis
Negative
0.30
Price Trends
0.31
Negative
0.34
Negative
0.33
Negative
Market Momentum
-0.01
Positive
33.91
Neutral
13.33
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SPOT, the sentiment is Negative. The current price of 0.3 is above the 20-day moving average (MA) of 0.29, below the 50-day MA of 0.31, and below the 200-day MA of 0.33, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 33.91 is Neutral, neither overbought nor oversold. The STOCH value of 13.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:SPOT.
GoldSpot Discoveries Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | C$36.68M | 1.05 | 53.47% | ― | 43.53% | ― | |
47 Neutral | C$104.58M | -0.58 | -0.43% | ― | -36.55% | -156.72% | |
44 Neutral | C$3.87M | -4.69 | -3428.85% | ― | 5.11% | 11.36% | |
44 Neutral | C$3.11M | -1.03 | ― | ― | -21.68% | -79.78% | |
42 Neutral | C$6.10M | -0.18 | -212.14% | ― | -54.67% | 71.78% |
* Technology Sector Average
TSE:SPOT
GoldSpot Discoveries
0.26
0.05
23.81%
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2.50
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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.