Trojan Gold, Inc. (TSE:TGII)
:TGII
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Trojan Gold, Inc.
(TGII)
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Rating:41Neutral
Price Target:
C$0.03
▼(-3.33% Downside)
Action:Reiterated
Date:05/09/26
The score is primarily constrained by weak financial performance: no revenue, recurring losses, and increasing cash burn that raises financing dependence. Technical signals are modestly negative with the stock trading below key short- and mid-term moving averages and a negative MACD. Valuation provides limited support due to a negative P/E and no dividend yield data.
Positive Factors
Low leverage
A minimal debt load and ~0.02 debt-to-equity ratio materially lower solvency risk, giving the company durable financial flexibility. Over months this reduces fixed financing costs, preserves creditor optionality for exploration financing, and limits bankruptcy risk absent operational shocks.
Negative Factors
Pre-revenue profile
Absence of operating revenue means the business cannot self-fund exploration or cover fixed costs, making long-term viability dependent on successful resource development or continual external funding. This structural gap increases financing and execution risk over months.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
A minimal debt load and ~0.02 debt-to-equity ratio materially lower solvency risk, giving the company durable financial flexibility. Over months this reduces fixed financing costs, preserves creditor optionality for exploration financing, and limits bankruptcy risk absent operational shocks.
Read all positive factors
Trojan Gold, Inc. (TGII) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$1.37M
Dividend YieldN/A
Average Volume (3M)300.82K
Price to Earnings (P/E)―
Beta (1Y)1.06
Revenue GrowthN/A
EPS Growth-72.41%
CountryCA
Employees2
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)0.00
Shares Outstanding45,653,885
10 Day Avg. Volume199,586
30 Day Avg. Volume300,825
Financial Highlights & Ratios
PEG Ratio-0.09
Price to Book (P/B)2.33
Price to Sales (P/S)0.00
P/FCF Ratio-4.58
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
Trojan Gold, Inc. Business Overview & Revenue Model
Company Description
Trojan Gold Inc., a junior mineral exploration company, engages in the acquisition, exploration, and development of precious metal resource properties in Canada and the Dominican Republic. The company's flagship project is the 50% owned Hemlo Sout...
How the Company Makes Money
null...
Trojan Gold, Inc. Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
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 | -183.73K | -163.66K | -122.00K | -479.78K | -482.56K | -266.90K |
| Net Income | -86.83K | -231.72K | -122.00K | -479.78K | -468.80K | -170.66K |
Balance Sheet | ||||||
| Total Assets | 1.30M | 1.22M | 1.31M | 734.82K | 1.01M | 1.39M |
| Cash, Cash Equivalents and Short-Term Investments | 269.24K | 194.24K | 283.42K | 345.00 | 299.30K | 790.47K |
| Total Debt | 13.00K | 13.00K | 178.00K | 5.00K | 5.00K | 5.00K |
| Total Liabilities | 396.27K | 534.58K | 520.31K | 299.56K | 101.60K | 51.70K |
| Stockholders Equity | 899.33K | 686.64K | 785.77K | 435.25K | 908.03K | 1.34M |
Cash Flow | ||||||
| Free Cash Flow | -165.85K | -349.01K | -169.09K | -104.27K | -521.96K | -410.36K |
| Operating Cash Flow | -165.08K | -349.01K | -161.21K | -88.79K | -364.85K | -359.69K |
| Investing Cash Flow | -780.00 | 0.00 | -7.88K | -15.48K | -157.11K | -50.67K |
| Financing Cash Flow | 353.41K | 163.59K | 355.92K | 94.05K | 30.79K | 595.89K |
Trojan Gold, Inc. Technical Analysis
Negative
0.03
Price Trends
0.04
Negative
0.04
Negative
0.03
Negative
Market Momentum
>-0.01
Positive
17.54
Positive
<0.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:TGII, the sentiment is Negative. The current price of 0.03 is below the 20-day moving average (MA) of 0.04, below the 50-day MA of 0.04, and below the 200-day MA of 0.03, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 17.54 is Positive, 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:TGII.
Trojan Gold, Inc. Peers Comparison
UnderperformOutperform
Sector (61)
TSE:TGII
Trojan Gold, Inc.
0.03
-0.01
-25.00%
TSE:AVG
Avidian Gold Corp
0.15
0.06
66.67%
TSE:AIS
AIS Resources
0.10
0.07
216.67%
TSE:EGR
EGR Exploration
0.04
>-0.01
-12.50%
TSE:AORO
Aloro Mining
0.02
-0.01
-40.00%
TSE:ADP
Adelphi Metals Inc.
0.20
0.10
100.00%
Trojan Gold, Inc. Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Trojan Gold Retires Debt Through Insider-Backed Private Placement
Positive
Mar 26, 2026
Trojan Gold Inc., a junior gold exploration company with projects in Ontario’s Hemlo Gold Camp and Shebandowan Greenstone Belt, continues to position itself as a prospect generator in the mineral exploration space. Its management team combin...
Business Operations and StrategyExecutive/Board ChangesM&A TransactionsPrivate Placements and FinancingStock Split
Trojan Gold Lines Up Three-Way Deal to Consolidate Mineral Assets
Positive
Mar 3, 2026
Trojan Gold Inc., a Toronto-based mineral exploration company listed on the Canadian Securities Exchange, plans to consolidate the mineral assets of Tashota Resources Inc. and Strike Copper Corp. under a single public entity. The combined company ...
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.