Nevgold Corp (NAU) AI Stock Analysis

• Market Cap: C$22.28M
• Dividend Yield: N/A
• Average Volume (3M): 93.59K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.05
• Revenue Growth: N/A
• EPS Growth: -16.17%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 63
• Industry: Mining
• EPS (TTM): -0.04
• Shares Outstanding: 92,829,650
• 10 Day Avg. Volume: 87,380
• 30 Day Avg. Volume: 93,588
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 179.88
• Price to Cash Flow (P/CF): -19.80
• 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

Nevgold Corp's overall score is low, reflecting its challenging financial performance and valuation metrics typical of an exploration-stage mining company. Despite positive corporate developments at the Zeus Copper Project, the lack of revenue and ongoing cash burn present significant risks. Technical indicators suggest a bearish trend, further weighing on the stock's outlook.

Nevgold Corp Business Overview & Revenue Model

Company Description

Nevgold Corp (NAU) is a mineral exploration and development company focused on the acquisition, exploration, and advancement of precious metal properties in North America. The company operates within the mining sector, specifically targeting gold and silver resources. Nevgold Corp's core activities involve identifying and developing high-potential mining projects to enhance shareholder value.

How the Company Makes Money

Nevgold Corp makes money primarily through the exploration and development of its mineral properties. The company generates revenue by discovering and proving the value of gold and silver deposits, which can then be sold or developed into operational mines. Key revenue streams include the sale of mineral rights or interests in properties to other mining companies, joint ventures, and strategic partnerships that may provide funding or share development costs. Additionally, if Nevgold Corp successfully transitions a property into production, it could generate income through the sale of extracted minerals. The company's earnings are influenced by factors such as commodity prices, geological findings, and the successful execution of exploration and development programs.

Nevgold Corp Financial Statement Overview

Summary

Nevgold Corp's financials reflect its stage as a mining exploration company with no revenue and consistent cash outflows. The balance sheet shows a solid equity base, but ongoing losses and cash burn highlight the need for successful project development or additional funding to ensure sustainability.

Income Statement

Nevgold Corp shows no revenue as expected in the mining exploration phase, leading to negative gross, EBIT, and net margins. The lack of revenue growth and increasing losses indicate financial challenges in generating income.

Balance Sheet

The company's balance sheet reveals moderate leverage with a debt-to-equity ratio of 0.14 and a strong equity ratio of 79%. However, the increasing net losses impact the return on equity negatively.

Cash Flow

Negative operating and free cash flows reflect cash burn typical of exploration companies. Financing activities have provided necessary liquidity, but this reliance on external funding poses a risk.

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
-72.32K	-67.91K	-62.45K	-9.14K	-3.86K	-3.86K
	EBIT
-1.57M	-2.25M	-2.54M	-2.89M	-77.54K	-37.12K
	EBITDA
-2.26M	-2.31M	-2.44M	-2.88M	-73.18K	-32.79K
	Net Income Common Stockholders
-3.00M	-2.59M	-2.53M	-2.89M	-59.97K	28.19K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
720.18K	151.52K	2.50M	2.76M	91.70K	1.31K
	Total Assets
720.18K	22.28M	18.42M	11.11M	6.30M	6.18M
	Total Debt
0.00	210.74K	272.77K	301.50K	0.00	6.15K
	Net Debt
-720.18K	59.22K	-2.22M	-2.46M	-91.70K	4.84K
	Total Liabilities
379.73K	2.47M	825.73K	608.56K	351.77K	370.27K
	Stockholders Equity
720.18K	18.81M	17.60M	10.50M	5.95M	5.81M
Cash Flow		Free Cash Flow
-3.37M	-1.12M	-2.04M	-2.22M	-100.93K	-34.79K
	Operating Cash Flow
-2.02M	-1.12M	-2.01M	-1.24M	-70.66K	-33.83K
	Investing Cash Flow
-3.95M	-2.12M	-4.28M	-2.85M	-30.80K	-1.47K
	Financing Cash Flow
6.22M	875.97K	6.02M	6.88M	191.85K	6.15K

Nevgold Corp Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.24
• 50DMA: Positive
• 100DMA: Positive
• 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:NAU, the sentiment is Negative. The current price of 0.24 is below the 20-day moving average (MA) of 0.27, above the 50-day MA of 0.23, and below the 200-day MA of 0.28, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 45.89 is Neutral, neither overbought nor oversold. The STOCH value of 7.41 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:NAU.

Nevgold Corp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FVL	47 Neutral	C$378.17M	―	-1.16%	―	―	66.67%
Sector *	46 Neutral	$2.64B	-3.89	-29.36%	3.33%	2.89%	-29.66%
MAU	45 Neutral	C$803.87M	―	-29.27%	―	―	-64.01%
GFG	39 Underperform	C$47.10M	26.92	4.96%	―	―	―
NAU	38 Underperform	C$22.28M	―	-14.11%	―	―	-16.17%
NFG	37 Underperform	C$495.28M	―	-89.92%	―	―	36.66%
ERD	32 Underperform	C$264.43M	―	-1.66%	―	―	86.05%

Nevgold Corp Corporate Events

NevGold Announces High-Grade Copper Discoveries at Zeus Copper Project

NevGold Corp has announced promising high-grade copper, gold, and silver results from surface sampling at its Zeus Copper Project in Idaho, indicating significant copper porphyry potential. The sampling results show strong similarities with the Hercules Metals copper porphyry discovery, supporting NevGold’s strategic exploration efforts. The company has completed a soil sampling survey on undrilled target areas and is planning geophysical programs, alongside a Notice of Intent for drilling, positioning itself to advance exploration in the emerging Hercules Copper Trend.

NevGold Corp Expands Exploration at Limousine Butte

NevGold Corp has received a crucial permit approval from the Bureau of Land Management, allowing the company to expand its exploration activities at the Limousine Butte Project in Nevada. This approval significantly increases the area for potential gold and base metals exploration from 15 to 200 acres, positioning NevGold for further development in this active district.