Visible Gold Mines (VGD) AI Stock Analysis

• Market Cap: C$2.60M
• Dividend Yield: N/A
• Average Volume (3M): 24.79K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.42
• Revenue Growth: N/A
• EPS Growth: 9.68%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 73
• Industry: Gold
• EPS (TTM): >-0.01
• Shares Outstanding: 37,155,163
• 10 Day Avg. Volume: 18,740
• 30 Day Avg. Volume: 24,791
• PEG Ratio: 0.43
• Price to Book (P/B): -6.17
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -12.49
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 27 Underperform
• Price Target: ―

Visible Gold Mines' stock is severely impacted by its poor financial performance, which is the most heavily weighted factor. Persistent operational losses and financial instability are compounded by a bearish technical outlook and poor valuation due to negative profitability metrics. The absence of earnings call insights and corporate events does not offer any offsetting positives.

Visible Gold Mines Business Overview & Revenue Model

Company Description

Visible Gold Mines (VGD) is a Canadian-based mining company primarily engaged in the exploration and development of gold deposits. The company operates within the natural resources sector, focusing on identifying and developing high-quality gold assets in prolific mining regions of Quebec, Canada. VGD's core activities include the acquisition, exploration, and advancement of mineral properties, with a strategic emphasis on maximizing shareholder value through the discovery of economically viable gold resources.

How the Company Makes Money

Visible Gold Mines makes money through the exploration and potential production of gold from its mineral properties. The company's revenue model is primarily driven by the successful discovery and development of gold assets, which can be monetized through various means such as selling the developed assets to larger mining companies, entering into joint ventures, or directly mining and selling the gold. Key revenue streams include proceeds from the sale of mineral rights, profits from joint ventures, and potential income from gold production if the company advances its projects to the mining stage. Significant partnerships with other mining companies or investors can provide capital and technological expertise, further enhancing VGD's ability to explore and develop its properties successfully.

Visible Gold Mines Financial Statement Overview

Summary

Visible Gold Mines exhibits severe financial challenges across all verticals. The absence of revenue and consistent losses highlight ongoing operational issues. The balance sheet shows significant financial instability with negative equity and high leverage. Cash flow difficulties further underline liquidity risks, making the company's financial position precarious.

Income Statement

Visible Gold Mines has shown consistent losses with no revenue. The gross profit margin and net profit margin are negative, indicating an inability to generate profits. The absence of revenue growth further exemplifies the company's financial struggles, with EBIT and EBITDA margins also reflecting significant operational inefficiencies.

Balance Sheet

The balance sheet is weak with negative stockholders' equity, indicating liabilities exceed assets. The company has a high debt-to-equity ratio due to negative equity, which could imply potential solvency issues. The equity ratio is negative, suggesting financial instability. However, the company has managed to maintain some level of cash, which is a minor positive aspect.

Cash Flow

Negative operating and free cash flows illustrate difficulties in generating cash from operations. The free cash flow to net income ratio is negative, showing cash flow challenges. The operating cash flow to net income ratio indicates inefficient cash management. Overall, cash flow management appears weak, posing liquidity risks.

Breakdown	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00
Gross Profit	0.00	-4.67K	-8.18K	-4.57K	-4.00K
EBITDA	-377.53K	-890.79K	-4.08M	-777.39K	-200.73K
Net Income	-702.03K	-896.03K	-4.09M	-781.97K	-315.14K
Balance Sheet
Total Assets	233.86K	796.95K	1.48M	5.48M	5.20M
Cash, Cash Equivalents and Short-Term Investments	33.61K	22.44K	173.54K	333.25K	20.07K
Total Debt	74.89K	90.76K	0.00	0.00	0.00
Total Liabilities	426.78K	255.41K	118.59K	44.61K	401.41K
Stockholders Equity	-192.92K	541.53K	1.36M	5.43M	4.80M
Cash Flow
Free Cash Flow	-125.34K	-457.77K	-354.78K	-708.28K	44.19K
Operating Cash Flow	-125.34K	-342.68K	-299.06K	-624.03K	61.68K
Investing Cash Flow	152.82K	-43.45K	139.35K	-43.66K	-101.66K
Financing Cash Flow	-15.86K	235.03K	0.00	980.88K	0.00

Visible Gold Mines Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.07
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:VGD, the sentiment is Negative. The current price of 0.07 is below the 20-day moving average (MA) of 0.08, below the 50-day MA of 0.08, and below the 200-day MA of 0.08, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 40.10 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 Negative sentiment for TSE:VGD.

Visible Gold Mines Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SSL	77 Outperform	C$3.83B	96.26	2.05%	0.05%	6.23%	36.40%
KNT	75 Outperform	C$3.61B	14.31	39.28%	―	105.06%	481.75%
MUX	60 Neutral	$628.96M	3.61	-6.15%	―	-2.18%	-137.21%
GQC	50 Neutral	C$242.12M	―	-30.68%	―	―	―
Sector *	44 Neutral	C$980.54M	-6.82	-13.68%	1.81%	17.37%	-32.98%
SGN	38 Underperform	C$52.04M	―	-621.49%	―	―	61.00%
VGD	27 Underperform	C$2.60M	―	-1265.07%	―	―	9.68%

Visible Gold Mines Corporate Events

Visible Gold Mines Secures Extension for Share Purchase Warrants

Visible Gold Mines Inc. announced that the TSX Venture Exchange has approved a three-year extension for 1,250,000 common share purchase warrants initially issued in April 2023. This extension, which now allows the warrants to be exercised until April 2028, was unanimously approved by the company’s board, excluding the non-independent director, Martin Dallaire, who holds a significant number of these warrants. The extension is considered a related party transaction but is exempt from certain regulatory requirements, and it aims to benefit the company’s strategic interests without altering Mr. Dallaire’s holdings.

Visible Gold Mines Announces Shareholder Meeting Results and Stock Option Grants

Visible Gold Mines Inc. announced the results of its annual and special meeting of shareholders, where Martin Dallaire, Sylvain Champagne, Pierre Vézina, and Joel Gagné were elected as directors. Martin Dallaire was re-appointed as President and CEO, and Sylvain Champagne as Secretary and CFO. Shareholders approved the corporation’s stock option plan and re-appointed Raymond Chabot Grant Thornton LLP as auditors. The board granted stock options for 475,000 common shares to directors and officers, with an exercise price of $0.10, higher than the recent closing price, set to expire in 2035.