Go Metals (GOCO) AI Stock Analysis

• Market Cap: $1.07M
• Dividend Yield: N/A
• Average Volume (3M): 2.10K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.10
• Revenue Growth: N/A
• EPS Growth: 93.75%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 60
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 26,660,616
• 10 Day Avg. Volume: 2,100
• 30 Day Avg. Volume: 2,101
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): -1.50
• P/FCF Ratio: 0.00
• 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

Go Metals is currently struggling with significant financial challenges, including zero revenue, persistent losses, and negative cash flows. While the balance sheet is stable, the inability to generate income is a critical concern. On the positive side, the company shows slight technical momentum and promising corporate plans with its new exploration project. However, the negative P/E ratio and lack of dividend yield are significant valuation drawbacks. Overall, the stock is currently a speculative play, with potential upside from its exploration activities but considerable financial risks.

Go Metals Business Overview & Revenue Model

Company Description

Go Metals Corp (GOCO) is a mineral exploration company focused on identifying and developing mineral resources in Canada. The company primarily operates in the mining sector, with a particular emphasis on exploring for and developing properties with potential deposits of base and precious metals, including copper, nickel, cobalt, and gold. Go Metals aims to advance its projects through various stages of exploration and development, ultimately seeking to create value for its shareholders through strategic partnerships and responsible mining practices.

How the Company Makes Money

Go Metals generates revenue primarily through the exploration and potential development of mineral properties. The company seeks to discover and develop commercially viable mineral deposits, which can then be sold or leased to larger mining companies. Revenue can come from direct sales of mineral resources, joint ventures, or partnerships with other mining companies that provide funding in exchange for a stake in the project. Additionally, Go Metals may receive government grants or incentives for exploration activities. The company's revenue model relies heavily on successful exploration outcomes and the ability to bring mineral deposits to a stage where they can be monetized through partnerships or sales.

Go Metals Financial Statement Overview

Summary

Go Metals faces significant financial challenges characterized by a lack of revenue, persistent losses, and negative cash flows. The balance sheet shows financial stability with no debt and strong equity, but the inability to generate income remains a critical issue.

Income Statement

Go Metals has consistently reported zero revenue across all periods, leading to negative gross profits and net losses. The lack of revenue growth is a significant concern. The company's EBIT and EBITDA margins are negative, indicating ongoing operational challenges. Net profit margins also remain negative, highlighting the need for substantial improvement in revenue generation and cost management to achieve profitability.

Balance Sheet

The balance sheet shows a strong equity position with a high equity ratio, indicating financial stability. The absence of debt is a positive indicator of financial health. However, the company has not been able to leverage its equity effectively to generate income, as seen in the negative ROE. The company's asset base has grown over time, yet it has not translated into improved profitability.

Cash Flow

Go Metals has consistently reported negative free cash flow, indicating challenges in generating cash from its operations. The negative operating cash flow to net income ratio reflects operational inefficiencies. While there have been positive financing cash flows, mainly from financing activities, the operating cash flow remains a concern, impacting overall liquidity and financial flexibility.

Breakdown
TTM	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
-9.29K	-16.16K	-9.33K	-2.33K	0.00	0.00
	EBIT
55.30K	-3.47M	-603.64K	-1.07M	-622.50K	-997.25K
	EBITDA
-183.66K	-2.80M	-624.31K	-1.21M	-418.64K	-997.25K
	Net Income Common Stockholders
-134.85K	-2.82M	-731.92K	-1.23M	-608.08K	-834.22K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
―	2.00M	1.56M	348.08K	39.52K	507.51K
	Total Assets
―	2.66M	2.20M	652.02K	296.13K	790.73K
	Total Debt
0.00	17.90K	38.99K	47.43K	36.13K	35.12K
	Net Debt
―	-1.99M	-1.52M	-300.66K	-3.39K	-472.39K
	Total Liabilities
―	1.08M	418.88K	295.42K	192.99K	89.38K
	Stockholders Equity
―	1.58M	1.78M	356.60K	103.14K	701.35K
Cash Flow		Free Cash Flow
-541.06K	-2.20M	-789.76K	-999.71K	-467.99K	-1.01M
	Operating Cash Flow
-541.06K	-2.20M	-771.49K	-999.71K	-467.99K	-971.91K
	Investing Cash Flow
-24.57K	-35.27K	-28.62K	-32.59K	0.00	60.00K
	Financing Cash Flow
93.00K	2.68M	2.01M	1.34M	0.00	550.75K

Go Metals Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.04
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GOCO, the sentiment is Negative. The current price of 0.04 is above the 20-day moving average (MA) of 0.04, above the 50-day MA of 0.04, and below the 200-day MA of 0.04, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 62.71 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:GOCO.

Go Metals Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LUN	64 Neutral	$8.24B	25.63	0.24%	3.88%	-2.71%	-188.94%
GMA	55 Neutral	C$12.91M	―	-58.91%	―	-83.85%	-24.32%
IVN	50 Neutral	$13.89B	43.93	5.25%	―	―	-33.54%
Sector *	47 Neutral	$2.36B	-2.99	-21.59%	3.58%	4.21%	-28.30%
NXE	42 Neutral	$3.37B	27.25	-7.77%	―	―	-197.27%
GOCO	35 Underperform	$1.07M	―	-18.53%	―	―	93.75%

Go Metals Corporate Events

Go Metals Announces Drill Targets for Monster Copper Project

Go Metals has announced exploration plans for its Monster IOCG high-grade copper project in the Yukon. The company has identified three priority drill targets—Beast, Bloom, and Arena—based on extensive geological and geophysical analysis. The project, which is fully permitted until 2032, aims to explore high-grade copper and cobalt mineralization, with a 2,500-metre diamond drill program set to commence. This initiative could significantly enhance Go Metals’ position in the critical minerals market, potentially benefiting stakeholders by tapping into high-value copper and cobalt deposits.

Go Metals Expands with New Hydrogen Exploration Projects

Go Metals has announced the acquisition of five new projects in Ontario and Quebec through its subsidiary, Deep Hydrogen Corp. The projects involve staking claim blocks in the Canadian Shield, covering 5,641 hectares. These initiatives aim to explore geological hydrogen sources, leveraging the company’s expertise in nickel exploration and geological processes like serpentinization. This strategic move positions Go Metals to potentially uncover significant geologic hydrogen resources, enhancing its industry presence and offering new opportunities for stakeholders.

Go Metals Launches Hydrogen Exploration Subsidiary

Go Metals has announced the creation of a new subsidiary, Deep Hydrogen Corp, aimed at exploring natural hydrogen resources in Ontario and Quebec. This strategic move aligns with the company’s sustainability goals and leverages its advanced AI exploration tools, positioning Go Metals at the forefront of innovative energy exploration, particularly in collaboration with Enki GeoSolutions and research efforts in Quebec.