Canagold Resources (CCM) AI Stock Analysis

• Market Cap: C$59.70M
• Dividend Yield: N/A
• Average Volume (3M): 27.78K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.56
• Revenue Growth: N/A
• EPS Growth: 24.91%
• Country: CA
• Employees: 3
• Sector: Basic Materials
• Sector Strength: 57
• Industry: Gold
• EPS (TTM): >-0.01
• Shares Outstanding: 183,695,700
• 10 Day Avg. Volume: 28,464
• 30 Day Avg. Volume: 27,778
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): 157.30
• P/FCF Ratio: 151.10
• 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

Canagold Resources faces significant financial challenges due to its pre-revenue status, reflected in low financial performance scores. Technical indicators show a positive trend, but valuation metrics remain unattractive. The recent corporate milestone provides a positive outlook for future development, slightly bolstering the overall score.

Canagold Resources Business Overview & Revenue Model

Company Description

Canagold Resources Ltd. (CCM) is a Canadian mineral exploration company focused on the acquisition, exploration, and development of gold properties in North America. With a primary emphasis on its flagship New Polaris project located in British Columbia, Canada, Canagold aims to advance its projects towards feasibility and production. The company operates within the mining and metals sector, striving to leverage its extensive industry expertise and strategic assets to create value for its shareholders.

How the Company Makes Money

Canagold Resources generates revenue primarily through the exploration and development of mineral properties, with a focus on gold. The company's revenue model is centered on increasing the value of its mining assets through exploration success and advancing projects towards production, which can lead to potential sales of mineral resources or partnerships with larger mining companies. Significant factors contributing to its earnings include successful drilling results that increase resource estimates, joint ventures, and strategic partnerships that provide funding and share exploration risks. Additionally, Canagold may raise capital through equity financing to fund its exploration and development activities, which in turn supports its long-term goal of transitioning from an explorer to a producer.

Canagold Resources Financial Statement Overview

Summary

Canagold Resources is in a development stage with no revenue generation, resulting in ongoing operational losses. Despite a strong equity base and low leverage risk, the company faces significant cash flow management challenges.

Income Statement

The company has consistently reported zero revenue over the years, reflecting its pre-revenue status typical in the mining industry. This results in negative gross profit and net income, indicating ongoing operational losses without any top-line income. The absence of revenue growth and persistent negative margins highlight significant challenges in achieving profitability.

Balance Sheet

The balance sheet shows a strong equity base with low levels of debt, as evidenced by a favorable debt-to-equity ratio. This implies a low financial leverage risk. However, the lack of revenue generation raises concerns about long-term sustainability despite the currently strong equity position.

Cash Flow

Operating cash flows remain negative, reflecting the company's ongoing cash burn without corresponding revenue. The large capital expenditures indicate investments in potential growth, but free cash flow remains negative, underscoring liquidity challenges. Positive financing cash flow suggests reliance on external funding.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
-82.00K	0.00	-60.00K	-55.00K	-48.00K	-48.00K
	EBIT
-1.34M	-1.63M	-2.25M	-2.36M	-1.58M	-917.00K
	EBITDA
-2.72M	-1.53M	-1.65M	-2.30M	-1.02M	-869.00K
	Net Income Common Stockholders
-2.57M	-3.05M	-2.71M	-1.83M	-1.71M	-1.04M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
3.05M	4.34M	4.68M	3.31M	7.44M	2.03M
	Total Assets
17.51M	33.23M	32.63M	27.58M	23.64M	18.31M
	Total Debt
0.00	215.00K	257.00K	21.00K	51.00K	75.00K
	Net Debt
-2.33M	-2.60M	-3.57M	-1.99M	-6.07M	-1.85M
	Total Liabilities
427.00K	2.49M	3.12M	1.29M	526.00K	393.00K
	Stockholders Equity
17.08M	30.74M	29.51M	26.29M	23.11M	17.92M
Cash Flow		Free Cash Flow
-7.35M	-6.28M	-5.93M	-9.10M	-2.20M	-1.99M
	Operating Cash Flow
-1.01M	-1.73M	-1.33M	-893.00K	-1.41M	-813.00K
	Investing Cash Flow
-4.41M	-2.79M	-4.28M	-7.55M	-501.00K	-619.00K
	Financing Cash Flow
2.90M	3.24M	8.21M	4.40M	6.24M	972.00K

Canagold Resources Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.32
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CCM, the sentiment is Negative. The current price of 0.32 is below the 20-day moving average (MA) of 0.35, below the 50-day MA of 0.34, and above the 200-day MA of 0.31, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 41.05 is Neutral, neither overbought nor oversold. The STOCH value of 23.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:CCM.

Canagold Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KNT	79 Outperform	C$2.66B	17.32	26.82%	―	77.93%	236.93%
WDO	79 Outperform	C$2.35B	17.29	27.15%	―	67.54%	―
Sector *	47 Neutral	$2.35B	-2.91	-21.55%	3.59%	4.17%	-28.20%
RUP	45 Neutral	C$1.00B	―	-4.03%	―	―	―
CCM	43 Neutral	C$59.70M	―	-3.81%	―	―	24.91%
SEA	38 Underperform	$1.42B	―	-3.92%	―	―	1.89%
FVL	37 Underperform	C$347.12M	―	-1.12%	―	―	66.34%

Canagold Resources Corporate Events

Canagold Advances New Polaris Project with Key Permitting Milestone

Canagold Resources Ltd. has achieved a significant milestone in the permitting process for its New Polaris Project in British Columbia, as it has received a process order from the British Columbia Environmental Assessment Office. This order allows the project to move to the Application Development and Review phase of the Environmental Assessment, a critical step in advancing the project. Canagold emphasizes its commitment to responsible mining practices and collaboration with Indigenous Nations and stakeholders, as it aims to develop the New Polaris Project into a sustainable gold mining operation.

Canagold Uncovers Antimony Potential at New Polaris, Enhancing Project Value

Canagold Resources Ltd. has identified significant antimony mineralization at its New Polaris Gold Project, alongside its gold resources. This discovery could enhance the project’s value given the rising demand and prices for antimony, driven by global supply constraints and its classification as a critical mineral. The potential for antimony production will be integrated with existing gold plans without affecting current timelines, supported by promising metallurgical test results showing high recovery rates of antimony in concentrates.