Unigold (UGD) AI Stock Analysis

• Market Cap: C$24.68M
• Dividend Yield: N/A
• Average Volume (3M): 120.57K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.14
• Revenue Growth: N/A
• EPS Growth: 30.82%
• Country: CA
• Employees: 105
• Sector: Basic Materials
• Sector Strength: 59
• Industry: Gold
• EPS (TTM): -0.01
• Shares Outstanding: 274,255,770
• 10 Day Avg. Volume: 127,452
• 30 Day Avg. Volume: 120,572
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): -12.40
• 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

Unigold's overall stock score is low due to significant financial challenges, including negative earnings and cash flows, and a declining equity position. While technical analysis shows some positive momentum, the lack of profitability and poor valuation metrics weigh heavily on the overall score.

Unigold Business Overview & Revenue Model

Company Description

Unigold Inc., a junior natural resource company, focuses on exploring and developing gold projects in Canada and the Dominican Republic. The company also explores for copper, silver, and zinc deposits. It holds an 100% interest in the Neita property covering an area of 21,031 hectares in the Dominican Republic. The company was formerly known as Caribgold Resources Inc. and changed its name to Unigold Inc. in December 2002. Unigold Inc. was incorporated in 1990 and is headquartered in Toronto, Canada.

How the Company Makes Money

Unigold Inc. generates revenue primarily through the exploration and development of its mineral properties, with a focus on identifying and expanding gold reserves. The company aims to increase its value by advancing exploration projects to the point where they can be sold, joint ventured, or developed into producing mines. Unigold may also engage in strategic partnerships or joint ventures with larger mining companies to fund exploration activities or share in the development costs, thereby reducing financial risk and enhancing its revenue potential.

Unigold Financial Statement Overview

Summary

Unigold's financial performance is weak, with no revenue generation, negative EBIT, and declining equity. The absence of debt is a positive aspect but is overshadowed by negative cash flows and operational losses, indicating significant financial distress.

Income Statement

Unigold has consistently recorded no revenue across all periods, with negative EBIT and net income indicating ongoing operational losses. The company’s financial trajectory reflects a lack of revenue generation and high operational costs, leading to poor profit margins and indicating significant financial distress.

Balance Sheet

The company maintains a zero-debt position, which is a positive aspect, but the continuous decrease in stockholders' equity and low asset levels signal potential financial instability. Despite no debt, the equity ratio is diminishing, reflecting an erosion of financial resources and potential risk in sustaining operations.

Cash Flow

Negative free cash flow and operating cash flow indicate insufficient internal cash generation, leading to reliance on financing activities, which is not sustainable long-term. The lack of capital expenditures suggests limited investment in growth or maintenance, further impacting future operational prospects.

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
-143.51K	-160.96K	-249.55K	-252.52K	-58.64K	-54.80K
	EBIT
-2.34M	-2.93M	-6.35M	-7.45M	-5.04M	-1.03M
	EBITDA
-2.68M	-2.95M	-6.13M	-7.19M	-4.89M	-2.55M
	Net Income Common Stockholders
-2.86M	-3.17M	-6.38M	-7.45M	-5.10M	-1.05M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
571.80K	825.74K	314.03K	3.12M	4.32M	1.44M
	Total Assets
41.36M	1.54M	1.16M	4.36M	5.29M	43.74M
	Total Debt
0.00	0.00	0.00	0.00	0.00	0.00
	Net Debt
-549.41K	-825.74K	-252.65K	-3.00M	-4.03M	-1.37M
	Total Liabilities
156.96K	371.32K	712.83K	374.52K	107.32K	94.66K
	Stockholders Equity
41.20M	1.17M	442.82K	3.98M	5.18M	43.64M
Cash Flow		Free Cash Flow
-2.39M	-3.18M	-5.47M	-7.00M	-5.21M	-2.24M
	Operating Cash Flow
-2.39M	-3.18M	-5.39M	-6.62M	-4.60M	-807.23K
	Investing Cash Flow
0.00	-1.60K	-85.55K	-384.59K	-614.30K	-1.44M
	Financing Cash Flow
1.41M	3.75M	2.72M	5.97M	7.88M	3.07M

Unigold Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.09
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:UGD, the sentiment is Positive. The current price of 0.09 is above the 20-day moving average (MA) of 0.09, above the 50-day MA of 0.08, and above the 200-day MA of 0.07, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 52.69 is Neutral, neither overbought nor oversold. The STOCH value of 65.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:UGD.

Unigold Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WDO	78 Outperform	C$2.52B	18.61	27.15%	―	67.54%	―
Sector *	47 Neutral	$2.65B	-3.07	-22.25%	3.27%	3.70%	-29.53%
UGD	35 Underperform	C$24.68M	―	-188.71%	―	―	30.82%

Unigold Corporate Events

Unigold Extends Expiry Dates for Share Warrants

Unigold Inc. has extended the expiry dates of over 70 million share purchase warrants, allowing holders to acquire shares at $0.30 each until the new expiration dates in 2025. This move includes warrants held by insiders and related parties, with exemptions applied due to the market value not exceeding 25% of the company’s capitalization.

Unigold Plans Warrant Expiry Extensions to 2025

Unigold Inc. is set to extend the expiry dates of over 70 million share purchase warrants to mid and late 2025, maintaining the exercise price at $0.30 per share. This move, pending approval from the TSX Venture Exchange, involves several private placements and insider-held warrants. The extensions are part of a ‘related party transaction’ but fall within exemptions due to their fair market value.

Unigold Accelerates Candelones Gold Project Timeline

Unigold Inc. is accelerating its Candelones Gold Project in the Dominican Republic thanks to new regulatory changes that allow immediate commencement of the Environmental and Social Impact Assessment process. This change, along with strong local community support, positions the company to finalize its feasibility study and potentially secure a 75-year mining license.