Athena Gold (AHNRF) AI Stock Analysis

• Market Cap: $9.79M
• Dividend Yield: N/A
• Average Volume (3M): 202.28K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.53
• Revenue Growth: N/A
• EPS Growth: -120.00%
• Country: US
• Employees: 1
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Other Precious Metals
• EPS (TTM): N/A
• Shares Outstanding: 194,803,630
• 10 Day Avg. Volume: 315,798
• 30 Day Avg. Volume: 202,279
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• 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

• Rating: 38 Underperform
• Price Target: ―

Athena Silver's overall stock score reflects significant financial weaknesses, primarily due to zero revenue and continuous losses. Despite positive corporate events and exploration prospects, the negative cash flows and weak technical indicators weigh heavily on the stock's attractiveness. The potential growth from recent discoveries is a positive but secondary factor, given the company's current financial challenges.

Athena Gold Business Overview & Revenue Model

Company Description

Athena Gold Corporation, an exploration stage company, engages in the acquisition and exploration of mineral resources in the United States. Its flagship property is its 100% owned the Excelsior Springs project comprising 2 EX and 88 ES contiguous and unpatented lode mining claims covering an area of approximately 2,884 acres; two patented claims covering an area of 40 acres; and ten ES claims covering 202 acres located in Esmeralda County, Nevada. The company was formerly known as Athena Silver Corporation and changed its name to Athena Gold Corporation in January 2021. Athena Gold Corporation was incorporated in 2003 and is based in Vacaville, California.

How the Company Makes Money

Athena Silver makes money through its exploration activities, with the ultimate goal of discovering commercially viable silver deposits. Revenue generation primarily occurs upon successful identification and subsequent sale or partnership development of these mineral properties. The company may also engage in joint ventures or strategic alliances with other mining companies, sharing exploration and development costs while benefiting from shared revenue from successful projects. Additionally, Athena Silver may raise capital through the issuance of equity or debt to finance its exploration and development activities until reaching production stages.

Athena Gold Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00
Gross Profit	0.00	0.00	0.00	0.00	0.00
EBITDA	0.00	0.00	-1.30M	-752.00K	-277.00K
Net Income	-637.00K	612.75K	-684.00K	-1.03M	-410.00K
Balance Sheet
Total Assets	6.99M	6.74M	6.24M	6.12M	158.99K
Cash, Cash Equivalents and Short-Term Investments	618.40K	2.81K	15.07K	72.82K	8.99K
Total Debt	103.42K	0.00	106.21K	0.00	43.95K
Total Liabilities	838.00K	423.16K	1.28M	1.07M	244.68K
Stockholders Equity	6.15M	6.32M	4.96M	5.05M	-85.70K
Cash Flow
Free Cash Flow	-711.05K	-696.22K	-956.05K	-656.64K	-197.44K
Operating Cash Flow	-666.05K	-696.22K	-926.83K	-656.64K	-197.44K
Investing Cash Flow	26.24K	0.00	-29.21K	0.00	0.00
Financing Cash Flow	879.08K	683.95K	898.30K	720.48K	208.88K

Athena Gold Technical Analysis

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

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AHNRF, the sentiment is Negative. The current price of 0.04 is below the 20-day moving average (MA) of 0.05, below the 50-day MA of 0.04, and above the 200-day MA of 0.04, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 45.93 is Neutral, neither overbought nor oversold. The STOCH value of 61.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AHNRF.

Athena Gold Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PAAS	78 Outperform	C$23.11B	26.70	2.37%	1.08%	24.68%	―
FVI	77 Outperform	C$3.81B	16.39	10.55%	―	13.55%	5720.77%
HL	70 Outperform	$8.21B	77.32	6.73%	0.20%	36.30%	―
AG	66 Neutral	C$8.36B	-660.62	-7.18%	0.16%	66.45%	92.96%
MAG	57 Neutral	C$3.56B	24.60	―	1.55%	―	73.65%
AHNRF	38 Underperform	$9.79M	―	-2.40%	―	―	-120.00%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%

Athena Gold Corporate Events

Athena Silver Reports High-Grade Silver Discovery

On January 23, 2025, Athena Gold Corporation announced initial results from its fall 2024 prospecting and sampling program at the Excelsior Springs project in Nevada. The company reported high-grade silver values from surface grab samples, including 6,630 g/t Ag from the Blue Dick area, indicating a significant opportunity for exploration as the area has not been historically drilled. The discovery enhances Athena’s exploration potential and positions the company for future growth in the precious metals sector.

Athena Silver Raises Funds for Exploration and Growth

Athena Gold Corporation has successfully closed the third and final tranche of a non-brokered private placement, raising a total of CDN$1,054,000 through the issuance of 2,620,000 Units at CDN$0.05 per Unit. The proceeds will be used for exploration work on its projects in Nevada and Ontario, as well as for general corporate purposes, supporting its plans for aggressive exploration and potential company restructuring.

Athena Silver Expands Funding for Exploration Projects

Athena Gold Corporation has increased its private placement offering to CAD $1.25 million, issuing 6.46 million units at CAD $0.05 each, raising CAD $323,000 in the second tranche. This funding will support exploration at their Excelsior Springs Project in Nevada and newly acquired properties in Ontario. Athena’s strategic moves reflect its commitment to mineral exploration, targeting significant gold deposits across North America.

Athena Silver Announces Promising Gold Findings in Ontario

Athena Gold Corporation has announced promising high-grade gold findings from its Laird Lake project in Ontario’s Red Lake Gold District, a region notable for gold production. The newly acquired 4,158-hectare project shows potential after initial surface sampling revealed significant gold mineralization along the Balmer-Confederation contact. With plans for further exploration and drilling, Athena aims to tap into this underexplored area, potentially yielding lucrative opportunities for investors interested in the gold market.