Westward Gold Inc (WG) AI Stock Analysis

• Market Cap: C$27.61M
• Dividend Yield: N/A
• Average Volume (3M): 199.07K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.21
• Revenue Growth: N/A
• EPS Growth: 14.38%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): >-0.01
• Shares Outstanding: 230,108,080
• 10 Day Avg. Volume: 111,085
• 30 Day Avg. Volume: 199,075
• PEG Ratio: 0.23
• Price to Book (P/B): 1.14
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -7.87
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 47 Neutral
• Price Target: C$0.12 ▼(-15.71% Downside)

The score is held back primarily by pre-revenue financials with ongoing losses and cash burn, plus weak technical momentum. A debt-free balance sheet and a positive drilling discovery provide some support, but valuation is constrained by negative earnings and no dividend.

Positive Factors

Strong Financial Backing

The successful fundraising and investment by Crescat Capital highlight strong financial backing, enhancing Westward Gold's ability to pursue exploration projects and potentially transition to production.

Strategic Partnerships

The strategic partnership with Crescat Capital not only provides financial support but also validates Westward Gold's exploration potential, potentially leading to more partnerships and growth opportunities.

Debt-Free Balance Sheet

A debt-free balance sheet reduces financial risk and provides flexibility in funding exploration activities, allowing Westward Gold to focus on long-term growth without the burden of debt repayments.

Negative Factors

Lack of Revenue

The absence of revenue reflects the company's early-stage status, relying on external financing. This poses a risk if funding conditions change, potentially impacting its ability to sustain operations.

Negative Cash Flow

Continuous negative cash flow indicates reliance on external funding. Sustaining operations without revenue generation could strain financial resources if fundraising becomes challenging.

Reliance on External Financing

Dependence on external financing for operations highlights vulnerability to market conditions. A shift in investor sentiment or economic downturn could limit access to necessary funds for exploration.

Westward Gold Inc Business Overview & Revenue Model

Company Description

Westward Gold Inc. operates as a mineral exploration company. The company engages in the exploration and development of mineral resource properties in the United States. It focuses on the exploration of the Toiyabe Property, the Turquoise Canyon Property, and the East Saddle Property in Lander County, Nevada. The company was formerly known as IM Exploration Inc. and changed its name to Westward Gold Inc. in October 2021. Westward Gold Inc. was incorporated in 2017 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Westward Gold Inc makes money primarily through the discovery and development of gold resources, which can lead to the sale of gold or the properties themselves to larger mining companies. The company's revenue model is centered around increasing the value of its mineral assets through successful exploration and resource development, eventually leading to profitable extraction or strategic partnerships. Key revenue streams include the direct sale of extracted gold, royalties from joint ventures, and potential asset sales. Strategic partnerships with larger mining companies can also provide capital investments and operational expertise, enhancing the company's ability to bring projects to fruition.

Westward Gold Inc Financial Statement Overview

Summary

Westward Gold Inc. is in the exploration stage with no revenue and relies on strong equity and external financing to sustain its operations. While the lack of debt reduces financial risk, continuous negative cash flows indicate a dependency on fundraising. The company has potential for growth if it transitions from exploration to production but must maintain financial resilience.

Income Statement

Westward Gold Inc. has reported no revenue over the past periods, which is typical for mining exploration companies in early stages. The continuous negative EBIT and net income reflect ongoing operational expenses without offsetting revenue. The EBIT and EBITDA margins are non-existent due to zero revenue, indicating a reliance on external financing to sustain operations. The absence of revenue growth highlights the company's pre-revenue status in its development phase.

Balance Sheet

The company has a strong balance sheet with zero debt and substantial equity, leading to a healthy equity ratio. The increase in stockholders' equity over time signifies successful fundraising efforts. The absence of liabilities suggests a low-risk financial structure, but the lack of revenue generation could be a concern if external financing conditions change.

Cash Flow

There is a negative operating cash flow, typical for an exploration stage mining company, as it invests in future potential. The free cash flow is negative, but financing cash flow remains positive due to successful capital raising activities. The company shows an ability to attract funding, yet it needs to manage cash burn until revenue generation begins.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 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	0.00	0.00	0.00
EBITDA	-1.89M	0.00	-1.48M	-1.37M	-1.69M	-84.81K
Net Income	-1.92M	-1.35M	-1.57M	-1.44M	-1.83M	-84.81K
Balance Sheet
Total Assets	13.91M	10.26M	8.95M	8.14M	7.72M	1.30M
Cash, Cash Equivalents and Short-Term Investments	1.53M	841.34K	420.31K	493.97K	2.53M	1.19M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	419.14K	173.29K	394.56K	219.43K	143.00K	29.02K
Stockholders Equity	13.50M	10.09M	8.56M	7.92M	7.58M	1.27M
Cash Flow
Free Cash Flow	-1.67M	-1.46M	-793.95K	-1.14M	-1.21M	-125.07K
Operating Cash Flow	-1.25M	-1.46M	-793.95K	-1.14M	-1.20M	-125.06K
Investing Cash Flow	-3.06M	-817.66K	-722.02K	-1.74M	102.05K	-12.03K
Financing Cash Flow	5.51M	2.70M	1.44M	848.08K	2.44M	1.08M

Westward Gold Inc Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.14
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:WG, the sentiment is Negative. The current price of 0.14 is above the 20-day moving average (MA) of 0.12, above the 50-day MA of 0.14, and above the 200-day MA of 0.13, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 44.87 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:WG.

Westward Gold Inc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
HWG	53 Neutral	C$50.35M	-40.00	-19.38%	―	―	69.15%
KALO	49 Neutral	C$31.18M	-3.40	-201.31%	―	―	-58.16%
PMC	48 Neutral	C$34.55M	76.67	―	―	―	-56.52%
WG	47 Neutral	C$27.61M	-9.60	-16.82%	―	―	14.38%
AUAU	39 Underperform	C$87.52M	-20.18	-6.43%	―	―	-216.92%

Westward Gold Inc Corporate Events

Westward Gold Unveils New Carlin-Type Gold Zone at Toiyabe Hills

Westward Gold Inc. has announced significant findings from its framework drilling at the Campfire Target Complex within the Toiyabe Hills Property in Nevada. The drilling has revealed a new Carlin-type gold zone, with notable intersections including 10.7 meters of 0.94 g Au/t and 3.1 meters of 2.50 g Au/t. These results have prompted the company to expand its drilling program, indicating promising potential for further discoveries. The findings suggest a vertically-extensive hydrothermal system, which could enhance Westward Gold’s positioning in the mining sector, offering potential benefits to stakeholders through increased resource estimates and future development opportunities.