Stellar AfricaGold Inc (TSE:SPX)
:SPX
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Stellar AfricaGold
(SPX)
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Rating:42Neutral
Price Target:
C$0.08
▼(-41.43% Downside)
Action:ReiteratedDate: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 (low debt)
Reported near-zero debt materially reduces financial distress risk for a junior explorer. A low-debt profile preserves flexibility to pursue partnerships or farm-outs, lowers interest burden, and lengthens runway before required external financing, a durable strength.
Negative Factors
No revenue / sustained operating losses
Zero reported revenue and ongoing operating losses mean the company lacks an operating earnings base. This structural absence of commercial cash generation increases reliance on exploration success and external capital to progress projects, lengthening the path to self-sufficiency.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet (low debt)
Reported near-zero debt materially reduces financial distress risk for a junior explorer. A low-debt profile preserves flexibility to pursue partnerships or farm-outs, lowers interest burden, and lengthens runway before required external financing, a durable strength.
Read all positive factors
Stellar AfricaGold (SPX) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$5.52M
Dividend YieldN/A
Average Volume (3M)360.67K
Price to Earnings (P/E)―
Beta (1Y)1.80
Revenue GrowthN/A
EPS Growth51.22%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
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
Stellar AfricaGold Inc., together with its subsidiaries, engages in the acquisition, exploration, and evaluation of mineral properties in West Africa and Canada. It primarily explores for gold deposits. The company holds interest in the Lullwitz-K...
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 | -1.08M | -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
0.10
Negative
0.12
Negative
0.13
Negative
Market Momentum
>-0.01
Positive
45.47
Neutral
46.67
Neutral
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 0.10, above the 50-day MA of 0.10, and above the 200-day MA of 0.13, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 45.47 is Neutral, neither overbought nor oversold. The STOCH value of 46.67 is Neutral, 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% | |
51 Neutral | C$19.08M | -37.31 | -66.97% | ― | ― | -47.97% | |
48 Neutral | C$11.45M | -5.44 | -7.93% | ― | -1.81% | 52.11% | |
46 Neutral | C$8.14M | -14.56 | -144.55% | ― | ― | 17.98% | |
44 Neutral | C$75.09M | -0.44 | -59.95% | ― | ― | 28.18% | |
42 Neutral | C$5.52M | -5.82 | -68.30% | ― | ― | 51.22% |
* Basic Materials Sector Average
TSE:SPX
Stellar AfricaGold
0.09
<0.01
6.25%
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>-0.01
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Stellar AfricaGold Corporate Events
Business Operations and Strategy
Stellar AfricaGold Begins Regolith Mapping and LiDAR Survey at Zuénoula Gold Project
Positive
Mar 16, 2026
Stellar AfricaGold has launched an integrated regolith mapping, rock chip sampling and high-resolution UAV LiDAR survey at the Zuénoula Gold Project in central Côte d’Ivoire, operated under its joint venture with MetalsGrove Mining...
Business Operations and Strategy
Stellar AfricaGold Expands Gold Targets at Zuénoula Project in Côte d’Ivoire
Positive
Mar 11, 2026
Stellar AfricaGold and joint-venture partner MetalsGrove have defined multiple gold exploration targets at the Zuénoula Gold Project in Côte d’Ivoire through district-scale soil sampling. A second target, the Fifty-Five Area, has b...
Business Operations and Strategy
Stellar AfricaGold Fast-Tracks 5,000-Metre Phase II Drilling at Morocco’s Tichka Est
Positive
Mar 4, 2026
Stellar AfricaGold has completed its Phase I diamond drilling at the Tichka Est Gold Project in Morocco, confirming structurally controlled gold mineralization in Zone B and validating its geological model. The company stresses that more drilling ...
Business Operations and StrategyShareholder Meetings
Stellar AfricaGold Shareholders Back Board, Auditor and Incentive Plan at Annual Meeting
Positive
Feb 6, 2026
Stellar AfricaGold Inc. reported that shareholders approved all matters at its recent Annual and Special General Meeting, including the reappointment of Jones O’Connell LLP as auditor, the setting of the board at six members with the electi...
Business Operations and Strategy
Stellar AfricaGold JV Defines First Gold Target at Côte d’Ivoire’s Zuénoula Project
Positive
Feb 4, 2026
Stellar AfricaGold and joint-venture partner MetalsGrove have outlined a first district-scale gold exploration target at the Zuénoula Gold Project in Côte d’Ivoire, where widely spaced soil sampling has defined a 13 km² anomal...
Business Operations and Strategy
Stellar AfricaGold Confirms Structurally Controlled Gold System at Tichka Est as Drilling Resumes in Morocco
Positive
Feb 3, 2026
Stellar AfricaGold has reported additional assay results from its ongoing diamond drilling program at the Tichka Est Gold Project in Morocco, confirming multiple gold-bearing zones and strengthening evidence for a structurally controlled orogenic ...
Business Operations and Strategy
Stellar AfricaGold Drilling at Tichka Est Paused by Severe Weather but Exploration Model Remains Intact
Neutral
Jan 7, 2026
Stellar AfricaGold has reported progress on its diamond drilling campaign at the Tichka Est Gold Project in Morocco, completing eight drill holes totaling 1,311.9 metres as part of a planned 1,500-metre program, with five holes fully assayed and s...
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.