Stellar AfricaGold Inc (TSE:SPX)
:SPX
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Stellar AfricaGold
(SPX)
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Rating:42Neutral
Price Target:
C$0.08
▼(-46.43% Downside)
Action:Reiterated
Date:03/30/26
The score is weighed down primarily by very weak financial performance (no revenue, ongoing losses, and persistent cash burn). Technicals also remain bearish with the price below key moving averages and negative MACD. Valuation provides little support due to a negative P/E and no dividend yield data.
Positive Factors
Conservative balance sheet: zero/low debt and equity recovery
Zero or minimal reported debt and the recovery of equity to positive levels improve solvency and reduce short-term bankruptcy risk. For an exploration company, a conservative balance sheet provides more flexibility to pursue drilling or partner transactions without immediate debt-servicing pressure.
Negative Factors
Zero revenue and persistent operating losses
No operating revenue and sustained losses mean the company lacks an earnings base and remains reliant on financing to fund exploration. Over months this structural lack of revenue constrains reinvestment capacity and increases execution risk until a monetizable discovery or partner deal is achieved.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet: zero/low debt and equity recovery
Zero or minimal reported debt and the recovery of equity to positive levels improve solvency and reduce short-term bankruptcy risk. For an exploration company, a conservative balance sheet provides more flexibility to pursue drilling or partner transactions without immediate debt-servicing pressure.
Read all positive factors
Stellar AfricaGold (SPX) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$5.07M
Dividend YieldN/A
Average Volume (3M)360.67K
Price to Earnings (P/E)―
Beta (1Y)1.76
Revenue GrowthN/A
EPS Growth41.02%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.03
Shares Outstanding64,970,800
10 Day Avg. Volume187,411
30 Day Avg. Volume360,671
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)5.85
Price to Sales (P/S)0.00
P/FCF Ratio-2.65
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
Stellar AfricaGold Business Overview & Revenue Model
Company Description
Vancouver, Canada-headquartered Stellar AfricaGold Inc. focuses on identifying, acquiring, and assessing mineral prospects, predominantly exploring for gold deposits in West Africa and Canada. Its holdings include the Lullwitz-Kaepelli gold proper...
How the Company Makes Money
Stellar AfricaGold generates revenue by identifying, acquiring, and advancing gold exploration projects. The company typically earns money through the appreciation in value of its mineral assets as exploration progresses and through the eventual s...
Stellar AfricaGold Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Oct 2025 | Oct 2024 | Oct 2023 | Oct 2022 | Oct 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 | -75.00K | 0.00 | 0.00 |
| EBITDA | -1.65M | -1.33M | -727.25K | -1.16M | -1.59M | -1.34M |
| Net Income | -1.48M | -1.33M | -690.00 | -1.17M | -1.55M | -1.18M |
Balance Sheet | ||||||
| Total Assets | 3.98M | 860.55K | 209.46K | 370.14K | 1.39M | 2.27M |
| Cash, Cash Equivalents and Short-Term Investments | 3.84M | 773.34K | 198.91K | 360.78K | 737.20K | 1.71M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 70.00K |
| Total Liabilities | 196.68K | 348.68K | 755.77K | 394.89K | 263.64K | 266.52K |
| Stockholders Equity | 3.78M | 511.87K | -546.31K | -24.75K | 1.13M | 2.01M |
Cash Flow | ||||||
| Free Cash Flow | -1.69M | -1.13M | -73.83K | -760.05K | -1.67M | -1.05M |
| Operating Cash Flow | -1.69M | -1.13M | -73.83K | -760.05K | -1.67M | -1.05M |
| Investing Cash Flow | 0.00 | 0.00 | 44.16K | 82.14K | 71.94K | 1.22M |
| Financing Cash Flow | 5.15M | 1.77M | 0.00 | 0.00 | 621.95K | 1.22M |
Stellar AfricaGold Technical Analysis
Negative
0.14
Price Trends
0.09
Negative
0.10
Negative
0.13
Negative
Market Momentum
>-0.01
Negative
45.15
Neutral
17.50
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SPX, the sentiment is Negative. The current price of 0.14 is above the 20-day moving average (MA) of 0.08, above the 50-day MA of 0.09, and above the 200-day MA of 0.13, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 45.15 is Neutral, neither overbought nor oversold. The STOCH value of 17.50 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:SPX.
Stellar AfricaGold 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$5.73M | -2.94 | -7.93% | ― | -1.81% | 52.11% | |
46 Neutral | C$8.62M | -28.37 | -144.55% | ― | ― | 8.33% | |
45 Neutral | C$25.30M | -93.79 | -66.97% | ― | ― | 41.82% | |
44 Neutral | C$275.89M | -4.91 | -59.95% | ― | ― | -257.78% | |
42 Neutral | C$5.07M | -3.30 | -68.30% | ― | ― | 41.02% |
* Basic Materials Sector Average
TSE:SPX
Stellar AfricaGold
0.08
0.02
30.00%
TSE:VVC
VVC Exploration
0.01
-0.01
-50.00%
TSE:GAL
Galantas Gold
0.49
0.42
553.33%
TSE:FNAU
Four Nines Gold
0.57
0.38
208.11%
TSE:FNX
S2 Minerals
0.36
0.20
125.00%
Stellar AfricaGold Corporate Events
Business Operations and Strategy
Stellar AfricaGold Elevates Zuénoula’s Fifty-Five Prospect After Strong Gold-in-Soil Results
Positive
Mar 31, 2026
Stellar AfricaGold has sharply upgraded its Fifty-Five Prospect at the Zuénoula Gold Project in Côte d’Ivoire after soil sampling returned a peak gold anomaly of 583 ppb within a 3.3-kilometre corridor. The anomaly, interpreted as ...
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.