Trojan Gold, Inc. (TSE:TGII)
:TGII
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Trojan Gold, Inc.
(TGII)
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Rating:51Neutral
Price Target:
C$0.05
▲(50.00% Upside)
Action:ReiteratedDate:01/21/26
The score is held back primarily by weak financial fundamentals (pre-revenue operations, ongoing losses, and negative free cash flow). This is partially offset by constructive technicals with the stock trading above major moving averages and positive MACD, while valuation signals are limited due to a negative P/E and no dividend support.
Positive Factors
Modest Leverage / Balance Sheet Flexibility
Low measured leverage (D/E ~0.23) gives Trojan Gold greater financial flexibility to fund near-term exploration or cover operating shortfalls without a heavy interest burden. For a pre-revenue miner, modest debt reduces immediate bankruptcy risk and eases interim financing timing over the coming months.
Negative Factors
Pre‑Revenue Operations
Being pre-revenue means there are no operating cash inflows from products or services; value depends on exploration success and future development. This structural state forces reliance on external capital and makes fundamental outcomes binary and high-risk over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Modest Leverage / Balance Sheet Flexibility
Low measured leverage (D/E ~0.23) gives Trojan Gold greater financial flexibility to fund near-term exploration or cover operating shortfalls without a heavy interest burden. For a pre-revenue miner, modest debt reduces immediate bankruptcy risk and eases interim financing timing over the coming months.
Read all positive factors
Trojan Gold, Inc. (TGII) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$1.83M
Dividend YieldN/A
Average Volume (3M)300.82K
Price to Earnings (P/E)―
Beta (1Y)1.10
Revenue GrowthN/A
EPS Growth77.68%
CountryCA
Employees2
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding45,653,885
10 Day Avg. Volume199,586
30 Day Avg. Volume300,825
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)0.27
Price to Sales (P/S)0.00
P/FCF Ratio-1.25
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
Trojan Gold, Inc. generates revenue through the exploration and development of gold mining projects. The company's primary revenue streams include the sale of extracted gold and potential joint ventures or partnerships with other mining companies ...
Trojan Gold, Inc. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
52
Neutral
Cash Flow
24
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Dec 2020 |
|---|---|---|---|---|---|---|
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 | -122.00K | -479.78K | -482.56K | -266.90K | -220.05K |
| Net Income | -86.83K | -122.00K | -479.78K | -468.80K | -170.66K | -220.05K |
Balance Sheet | ||||||
| Total Assets | 1.30M | 1.31M | 734.82K | 1.01M | 1.39M | 1.03M |
| Cash, Cash Equivalents and Short-Term Investments | 269.24K | 283.42K | 345.00 | 299.30K | 790.47K | 316.21K |
| Total Debt | 13.00K | 178.00K | 5.00K | 5.00K | 5.00K | 5.00K |
| Total Liabilities | 396.27K | 520.31K | 299.56K | 101.60K | 51.70K | 60.20K |
| Stockholders Equity | 899.33K | 785.77K | 435.25K | 908.03K | 1.34M | 965.20K |
Cash Flow | ||||||
| Free Cash Flow | -165.85K | -169.09K | -104.27K | -521.96K | -410.36K | -302.00K |
| Operating Cash Flow | -165.08K | -161.21K | -88.79K | -364.85K | -359.69K | -207.78K |
| Investing Cash Flow | -780.00 | -7.88K | -15.48K | -157.11K | -50.67K | -94.22K |
| Financing Cash Flow | 353.41K | 355.92K | 94.05K | 30.79K | 595.89K | 617.84K |
Trojan Gold, Inc. Technical Analysis
Neutral
0.03
Price Trends
0.04
Negative
0.04
Positive
0.03
Positive
Market Momentum
>-0.01
Positive
44.75
Neutral
<0.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:TGII, the sentiment is Neutral. 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 above the 200-day MA of 0.03, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 44.75 is Neutral, 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 Neutral sentiment for TSE:TGII.
Trojan Gold, Inc. Peers Comparison
UnderperformOutperform
Sector (61)
TSE:TGII
Trojan Gold, Inc.
0.04
0.02
100.00%
TSE:AVG
Avidian Gold Corp
0.19
0.09
80.95%
TSE:AIS
AIS Resources
0.08
0.02
36.36%
TSE:EGR
EGR Exploration
0.04
<0.01
14.29%
TSE:AORO
Aloro Mining
0.02
<0.01
50.00%
TSE:ADP
Adelphi Metals Inc.
0.10
0.00
0.00%
Trojan Gold, Inc. Corporate Events
Private Placements and Financing
Trojan Gold Raises $200,000 in Non-Brokered Unit Offering
Positive
Jan 6, 2026
Trojan Gold Inc. has completed a non-brokered private placement, issuing 2 million units at $0.10 per unit for gross proceeds of $200,000, with each unit consisting of one common share and a warrant exercisable at $0.15 for 24 months. The financin...
Private Placements and FinancingRegulatory Filings and Compliance
Trojan Gold Clarifies Timing and Terms of $200,000 Related-Party Private Placement
Neutral
Dec 24, 2025
Trojan Gold Inc. clarified that it has not yet closed its previously announced non-brokered private placement and now expects to complete the financing on or about December 31, 2025. The placement will consist of 2,000,000 units at $0.10 per unit ...
Private Placements and FinancingRegulatory Filings and Compliance
Trojan Gold Raises $200,000 in Non-Brokered Related-Party Unit Financing
Positive
Dec 23, 2025
Trojan Gold Inc. has closed a non-brokered private placement, issuing 2,000,000 units at $0.10 per unit for gross proceeds of $200,000, with the subscription price satisfied by amounts previously advanced to the company. Each unit consists of one ...
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.