Visible Gold Mines (VGD) AI Stock Analysis

• Market Cap: C$2.60M
• Dividend Yield: N/A
• Average Volume (3M): 13.41K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.34
• Revenue Growth: N/A
• EPS Growth: 9.68%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): -0.02
• Shares Outstanding: 37,123,505
• 10 Day Avg. Volume: 14,600
• 30 Day Avg. Volume: 13,409
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): -46.90
• 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

Visible Gold Mines faces significant financial difficulties with negative revenues and profitability, a weak balance sheet, and poor cash flow management. Technical analysis shows some stability in longer-term trends, but the lack of positive short-term momentum and negative P/E ratio indicate high risk with limited upside potential. Overall, the stock is positioned poorly, with substantial financial and operational challenges overshadowing any technical or valuation positives.

Visible Gold Mines Business Overview & Revenue Model

Company Description

Visible Gold Mines (VGD) is a mining exploration company focused on discovering and developing gold deposits in the prolific Abitibi Greenstone Belt in Quebec, Canada. The company is engaged in the acquisition, exploration, and development of high-potential gold properties, leveraging its geological expertise and strategic partnerships to advance its projects toward potential production.

How the Company Makes Money

Visible Gold Mines generates revenue primarily through the exploration and development of mineral properties with the potential for gold production. The company seeks to increase the value of its properties by conducting geological surveys, drilling programs, and feasibility studies to identify viable gold deposits. Revenue can be generated through the sale of its projects to larger mining companies, forming joint ventures, or through potential future production if a significant deposit is discovered and developed. Additionally, the company may engage in strategic partnerships with other mining entities to share exploration costs and risks, which can also contribute to its revenue streams.

Visible Gold Mines Financial Statement Overview

Summary

Visible Gold Mines is facing significant financial challenges. The company consistently reports zero revenue, negative gross profit, EBIT, and EBITDA, indicating severe operational inefficiencies. Balance sheet analysis reveals financial distress with negative equity and high liabilities, suggesting unsustainable leverage. Additionally, negative operating and free cash flows highlight liquidity risks and financial instability.

Income Statement

Visible Gold Mines has consistently reported zero revenue, indicating challenges in generating sales or production output. Gross profit, EBIT, and EBITDA are negative, reflecting operational inefficiencies and high fixed costs without revenue offset. Net income remains negative, showing ongoing losses without improvement.

Balance Sheet

The company's equity has turned negative in the latest TTM period, indicating financial distress and potential solvency issues. High total liabilities relative to assets and negative stockholders' equity suggest unsustainable financial leverage. The declining equity ratio and increasing debt highlight financial instability.

Cash Flow

Operating cash flow is consistently negative, indicating inefficiencies in core operations. Free cash flow is also negative, pointing to cash burn exceeding operational cash generation. The significant cash flow deficits pose liquidity risks, with limited cash reserves available to cover ongoing losses.

Breakdown
TTM	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
-13.80K	0.00	-4.67K	-8.18K	-4.57K	-4.00K
	EBIT
-788.47K	-697.47K	-321.06K	-4.10M	-782.29K	-276.23K
	EBITDA
-752.98K	-377.53K	-890.79K	-4.08M	-777.39K	-200.73K
	Net Income Common Stockholders
-793.13K	-702.03K	-896.03K	-4.09M	-781.97K	-315.14K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
25.29K	33.61K	22.44K	173.54K	333.25K	20.07K
	Total Assets
186.03K	233.86K	796.95K	1.48M	5.48M	5.20M
	Total Debt
66.51K	74.89K	90.76K	0.00	0.00	0.00
	Net Debt
41.22K	41.28K	68.31K	-173.54K	-333.25K	-20.07K
	Total Liabilities
463.15K	426.78K	255.41K	118.59K	44.61K	401.41K
	Stockholders Equity
-277.12K	-192.92K	541.53K	1.36M	5.43M	4.80M
Cash Flow		Free Cash Flow
-104.03K	-125.34K	-457.77K	-354.78K	-708.28K	44.19K
	Operating Cash Flow
-104.04K	-125.34K	-342.68K	-299.06K	-624.03K	61.68K
	Investing Cash Flow
103.26K	152.82K	-43.45K	139.35K	-43.66K	-101.66K
	Financing Cash Flow
-8.23K	-15.86K	235.03K	0.00	980.88K	0.00

Visible Gold Mines Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.07
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:VGD, the sentiment is Negative. The current price of 0.07 is below the 20-day moving average (MA) of 0.08, below the 50-day MA of 0.08, and below the 200-day MA of 0.08, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 33.56 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:VGD.

Visible Gold Mines Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KNT	81 Outperform	C$3.02B	19.97	26.82%	―	77.93%	236.93%
SSL	68 Neutral	$3.23B	167.17	1.00%	0.71%	-0.35%	-65.11%
MUX	51 Neutral	$440.11M	3.61	-8.76%	―	4.96%	-182.95%
GQC	48 Neutral	C$152.61M	―	-26.93%	―	―	25.41%
Sector *	48 Neutral	$1.92B	-1.99	-22.85%	3.95%	0.94%	-27.31%
SGN	38 Underperform	C$23.11M	―	-32.70%	―	―	61.00%
VGD	26 Underperform	C$2.60M	―	-1265.07%	―	―	9.68%

Visible Gold Mines Corporate Events

Visible Gold Mines Secures Extension for Share Purchase Warrants

Visible Gold Mines Inc. announced that the TSX Venture Exchange has approved a three-year extension for 1,250,000 common share purchase warrants initially issued in April 2023. This extension, which now allows the warrants to be exercised until April 2028, was unanimously approved by the company’s board, excluding the non-independent director, Martin Dallaire, who holds a significant number of these warrants. The extension is considered a related party transaction but is exempt from certain regulatory requirements, and it aims to benefit the company’s strategic interests without altering Mr. Dallaire’s holdings.

Visible Gold Mines Announces Shareholder Meeting Results and Stock Option Grants

Visible Gold Mines Inc. announced the results of its annual and special meeting of shareholders, where Martin Dallaire, Sylvain Champagne, Pierre Vézina, and Joel Gagné were elected as directors. Martin Dallaire was re-appointed as President and CEO, and Sylvain Champagne as Secretary and CFO. Shareholders approved the corporation’s stock option plan and re-appointed Raymond Chabot Grant Thornton LLP as auditors. The board granted stock options for 475,000 common shares to directors and officers, with an exercise price of $0.10, higher than the recent closing price, set to expire in 2035.