Waraba Gold Limited (TSE:WBGD)
:WBGD
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Waraba Gold Limited
(WBGD)
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Rating:48Neutral
Price Target:
C$0.50
▲(395.00% Upside)
Action:ReiteratedDate:04/09/26
The score is primarily held down by weak financial performance (no revenue, ongoing losses, and cash burn) and limited valuation support due to negative earnings. Technicals are comparatively stronger, with price above major moving averages and positive MACD, which partially offsets the fundamental risks.
Positive Factors
Balance sheet improvement
The most recent TTM balance shows positive equity and low reported debt, which materially improves near-term financial flexibility. Manageable leverage reduces immediate refinancing pressure, supports continued exploration spending, and gives the company optionality to fund development or seek non-dilutive partners.
Negative Factors
Pre-revenue status
The company remains pre-commercial with no operating revenue, meaning its valuation and survival depend on exploration success or external financing. Without revenue, there's no internal cash generation to fund operations, making long-term sustainability contingent on capital markets and project outcomes.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet improvement
The most recent TTM balance shows positive equity and low reported debt, which materially improves near-term financial flexibility. Manageable leverage reduces immediate refinancing pressure, supports continued exploration spending, and gives the company optionality to fund development or seek non-dilutive partners.
Read all positive factors
Waraba Gold Limited (WBGD) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$4.68M
Dividend YieldN/A
Average Volume (3M)17.96K
Price to Earnings (P/E)―
Beta (1Y)-0.56
Revenue GrowthN/A
EPS Growth-76.03%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.06
Shares Outstanding9,355,808
10 Day Avg. Volume7,456
30 Day Avg. Volume17,963
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)-3.64
Price to Sales (P/S)0.00
P/FCF Ratio-3.15
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
Waraba Gold Limited Business Overview & Revenue Model
Company Description
Waraba Gold Limited acquires and evaluates gold properties in Mali, West Africa. Its flagship prospective gold exploration project is the Fokolore project located in West Mali. The company was formerly known as Zenith Exploration Inc. and changed ...
How the Company Makes Money
null...
Waraba Gold Limited Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
34
Negative
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 | -22.72K | -50.60K | -68.55K | -76.45K | -74.85K | -4.79K |
| EBITDA | -2.91M | -2.79M | -1.42M | -1.15M | -2.46M | -13.23M |
| Net Income | -2.99M | -2.76M | -1.31M | -1.11M | -2.30M | -13.65M |
Balance Sheet | ||||||
| Total Assets | 737.82K | 19.01K | 533.91K | 748.51K | 896.18K | 3.30M |
| Cash, Cash Equivalents and Short-Term Investments | 458.38K | 3.76K | 434.19K | 561.17K | 648.46K | 3.04M |
| Total Debt | 50.11K | 631.32K | 0.00 | 0.00 | 177.14K | 344.27K |
| Total Liabilities | 962.54K | 1.70M | 455.73K | 249.95K | 665.57K | 539.73K |
| Stockholders Equity | 559.56K | -895.95K | 784.07K | 1.03M | 642.83K | 2.94M |
Cash Flow | ||||||
| Free Cash Flow | -1.67M | -1.04M | -1.19M | -1.39M | -2.39M | -3.95M |
| Operating Cash Flow | -1.67M | -1.04M | -1.19M | -1.37M | -2.34M | -3.70M |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | -15.28K | -48.39K | -157.10K |
| Financing Cash Flow | 2.11M | 606.07K | 1.07M | 1.30M | 0.00 | 6.81M |
Waraba Gold Limited Technical Analysis
Positive
0.10
Price Trends
0.44
Positive
0.29
Positive
0.29
Positive
Market Momentum
0.02
Negative
55.23
Neutral
85.42
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:WBGD, the sentiment is Positive. The current price of 0.1 is below the 20-day moving average (MA) of 0.45, below the 50-day MA of 0.44, and below the 200-day MA of 0.29, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 55.23 is Neutral, neither overbought nor oversold. The STOCH value of 85.42 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:WBGD.
Waraba Gold Limited 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% | |
50 Neutral | C$3.80M | -3.30 | -52.50% | ― | ― | 10.85% | |
48 Neutral | C$4.68M | -1.83 | ― | ― | ― | -76.03% | |
48 Neutral | C$13.42M | -2.46 | -42.65% | ― | ― | 88.29% | |
41 Neutral | C$952.12K | -2.23 | -78.72% | ― | ― | -1438.89% | |
41 Neutral | C$3.79M | -1.72 | -4.44% | ― | ― | ― |
* Basic Materials Sector Average
TSE:WBGD
Waraba Gold Limited
0.50
0.32
177.78%
TSE:DG
Dixie Gold
0.03
-0.02
-40.00%
TSE:NEV
Nevada Sunrise Gold
0.03
<0.01
50.00%
TSE:GOH
GoldHaven Resources
0.27
0.13
86.21%
TSE:SAO
South Atlantic Gold
0.08
0.06
220.00%
TSE:NSJ
NSJ Gold
0.16
0.12
300.00%
Waraba Gold Limited Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Waraba Gold Raises $4.5 Million in Upsized Private Placement to Advance Ivory Coast Exploration
Positive
Apr 8, 2026
Waraba Gold Limited has closed an upsized non-brokered private placement, issuing 15 million units at $0.30 per unit to raise $4.5 million, above its original $4 million target. Each unit comprises one common share and one warrant exercisable at $...
Business Operations and StrategyExecutive/Board ChangesPrivate Placements and Financing
Waraba Gold reshapes leadership and launches $4 million financing for Ivory Coast push
Positive
Mar 12, 2026
Waraba Gold Limited has reshuffled its leadership, with former chief executive officer Carl Esprey moving into the role of executive chairman to concentrate on corporate development and capital markets, while director Mamadou Coulibaly, a veteran ...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and ComplianceShareholder Meetings
Waraba Gold Shareholders Approve All Resolutions at Annual Meeting
Positive
Feb 25, 2026
Waraba Gold Limited, a resource exploration company listed in Canada and Germany, focuses on acquiring and exploring mineral properties in key jurisdictions. The firm reports under Canadian securities regulations in British Columbia and Alberta, g...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and ComplianceShareholder Meetings
Waraba Gold Clarifies Expanded Financing and Warrant Structure Ahead of Key Shareholder Vote
Positive
Feb 12, 2026
Waraba Gold Limited has issued supplemental and corrective disclosure related to its management information circular ahead of a February 23, 2026 shareholder meeting, clarifying terms of its previously announced debenture financing, debt settlemen...
Business Operations and StrategyPrivate Placements and Financing
Waraba Gold Upsizes Financing and Settles Debt to Support Ivory Coast Projects
Positive
Jan 9, 2026
Waraba Gold Limited has increased its previously announced private placement from $1.5 million to up to $2.5 million, issuing shares and pre-funded warrants at $0.07 per security, with proceeds earmarked primarily to fund obligations under its Ivo...
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.