Sitka Gold Corp. (SIG) AI Stock Analysis

• Market Cap: $174.27M
• Dividend Yield: N/A
• Average Volume (3M): 553.77K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.10
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 60
• Industry: Gold
• EPS (TTM): >-0.01
• Shares Outstanding: 335,137,180
• 10 Day Avg. Volume: 962,911
• 30 Day Avg. Volume: 553,772
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): -75.70
• 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

Sitka Gold Corp. faces challenges typical of a mining exploration company, with no current revenue streams and negative cash flows. The company's strong balance sheet and recent financing provide some stability. A bearish technical outlook and negative valuation metrics are concerning, but the recent significant increase in gold resources offers a positive future growth potential. This results in a balanced score reflecting both the current operational challenges and future opportunities.

Sitka Gold Corp. Business Overview & Revenue Model

Company Description

Sitka Gold Corp. (SIG) is a mineral exploration company focused on the acquisition, exploration, and development of mineral resource properties, primarily gold and other precious metals. The company operates in the mining sector and aims to identify and develop economically viable mineral deposits. Sitka Gold Corp. is engaged in exploring key projects in North America, leveraging geological expertise to enhance its portfolio of assets.

How the Company Makes Money

Sitka Gold Corp. generates revenue primarily through the exploration and development of mineral properties with the potential for profitable mining operations. The company's key revenue streams include the sale of mineral rights or interests in its projects, as well as potential revenue from future mining operations if deposits are proven to be economically viable. Sitka Gold Corp. may also engage in partnerships or joint ventures with other mining companies to share the costs and benefits associated with exploration and development. Additionally, the company may raise capital through equity financing to fund its exploration activities and operational costs.

Sitka Gold Corp. Financial Statement Overview

Summary

Sitka Gold Corp. is in a typical phase for a mining exploration company, with no revenue and ongoing operational and capital expenses. The strong equity position and absence of debt are positives, but continued negative cash flow and earnings are areas of concern. The company's ability to secure financing provides some stability in the short term.

Income Statement

The company has reported zero revenue across all periods, indicating a lack of operational income generation. This is typical for mining companies in exploration phases. EBIT and net income are consistently negative, reflecting ongoing operational losses. There are no gross profit or net profit margins due to absence of revenue.

Balance Sheet

The company maintains a healthy balance sheet with no debt, resulting in an excellent debt-to-equity ratio. The equity ratio is strong, with stockholders' equity constituting a significant portion of total assets. However, the company has not been generating profits, impacting return on equity negatively.

Cash Flow

Cash flow from operations is negative, indicating cash burn. Free cash flow is consistently negative, influenced by high capital expenditures typical for mining exploration. However, the company has managed to secure financing, boosting its cash reserves.

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
0.00	0.00	0.00	0.00	0.00	0.00
	EBIT
-2.16M	-758.33K	-1.13M	-1.57M	-1.12M	-575.66K
	EBITDA
-1.29M	175.18K	778.15K	-142.44K	-1.11M	-361.84K
	Net Income Common Stockholders
-2.26M	-1.53M	-1.76M	-1.28M	-1.12M	-1.36M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
6.26M	7.95M	4.52M	5.27M	725.80K	307.63K
	Total Assets
30.09M	30.73M	20.83M	13.41M	4.89M	1.60M
	Total Debt
0.00	0.00	0.00	40.00K	0.00	0.00
	Net Debt
-142.62K	-1.39M	-2.49M	-2.72M	-223.69K	-244.86K
	Total Liabilities
3.97M	4.61M	2.96M	1.25M	466.08K	274.64K
	Stockholders Equity
26.12M	26.12M	17.87M	12.16M	4.42M	1.33M
Cash Flow		Free Cash Flow
-7.74M	-6.16M	-8.66M	-4.44M	-2.85M	-1.08M
	Operating Cash Flow
-1.73M	-1.09M	-863.30K	-1.27M	-574.80K	-761.23K
	Investing Cash Flow
-6.02M	-5.07M	-7.80M	-3.20M	-2.25M	-355.79K
	Financing Cash Flow
13.43M	9.59M	7.91M	9.01M	3.24M	1.08M

Sitka Gold Corp. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.52
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SIG, the sentiment is Positive. The current price of 0.52 is above the 20-day moving average (MA) of 0.46, above the 50-day MA of 0.38, and above the 200-day MA of 0.32, indicating a bullish trend. The MACD of 0.04 indicates Negative momentum. The RSI at 81.27 is Negative, neither overbought nor oversold. The STOCH value of 97.22 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:SIG.

Sitka Gold Corp. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KNT	79 Outperform	C$2.92B	18.59	26.82%	―	77.93%	236.93%
WDO	78 Outperform	C$2.50B	18.19	27.15%	―	67.54%	―
OR	56 Neutral	$5.58B	250.50	1.33%	0.89%	1.62%	-232.31%
BTO	54 Neutral	$5.49B	―	-18.54%	4.84%	-4.17%	-318.18%
SIG	50 Neutral	$174.27M	―	-7.25%	―	―	―
Sector *	47 Neutral	$2.64B	-3.21	-21.68%	3.30%	4.19%	-30.23%
SEA	38 Underperform	$1.64B	―	-3.92%	―	―	63.45%

Sitka Gold Corp. Corporate Events

Sitka Gold Corp. Boosts Gold Resource Estimates at Yukon Project

Sitka Gold Corp. has updated its Mineral Resource Estimate at the RC Gold Project in Yukon, significantly increasing the indicated and inferred gold resources at the Blackjack deposit. The company plans extensive drilling this year to further enhance and expand its gold resources in the area, highlighting the potential for continued growth and development in its operations.

Sitka Gold Corp. Expands Blackjack Deposit with Successful 2024 Drilling Results

Sitka Gold Corp. has announced successful results from its 2024 drilling program at the RC Gold Project, which significantly expanded the Blackjack gold deposit area. The drilling campaign revealed strong gold mineralization across multiple zones, including promising results from newly targeted intrusions, enhancing the project’s potential and positioning Sitka as a growing player in the Yukon gold mining sector.

Sitka Gold Corp. Reports High Gold Yields in Yukon

Sitka Gold Corp. announces promising results from their flagship RC Gold Project in Yukon, with rock samples revealing gold concentrations as high as 31.7 g/t at the May-Qu target. The discovery expands the potential of the Reduced Intrusion-Related Gold System, while additional sampling at nearby targets indicates further gold mineralization.

Sitka Gold Plans Major Drilling Campaign in 2025

Sitka Gold Corp. has signed a contract with Kluane Drilling Corp. for a massive 30,000-meter diamond drilling campaign in 2025 at its RC Gold Project in Yukon. This will be the project’s largest drilling campaign, focusing on key targets and promising areas within its expansive property. The collaboration aims to build on successful results from previous drilling, potentially boosting Sitka Gold’s prospects.

Sitka Gold’s Yukon Drilling Yields Promising Results

Sitka Gold Corp. has announced promising assay results from its first diamond drill hole at the Rhosgobel intrusion in Yukon, revealing significant gold mineralization. The drilling suggests the potential for Rhosgobel to host a substantial multi-million ounce gold deposit, as gold was discovered from surface to a depth of at least 300 meters. This development could spark interest among investors looking for lucrative opportunities in the gold mining sector.

Sitka Gold Raises $5 Million for Expansion

Sitka Gold Corp. has successfully closed a $5 million private placement, which will bolster its treasury to over $15 million, enabling expanded drilling at its RC Gold Project in the Yukon Territory. The funds will be used for exploration and development programs, with securities subject to a hold period until March 8, 2025.