Citigold Corporation Limited (CTO) AI Stock Analysis

• Market Cap: $12.00M
• Dividend Yield: N/A
• Average Volume (3M): 3.76M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.28
• Revenue Growth: -100.00%
• EPS Growth: -837.50%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 59
• Industry: Gold
• EPS (TTM): >-0.01
• Shares Outstanding: 3,000,000,000
• 10 Day Avg. Volume: 3,760,494
• 30 Day Avg. Volume: 3,760,494
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 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

Citigold Corporation Limited's overall stock score is primarily impacted by its substantial financial challenges, including negative profitability and cash burn, which heavily weigh down the score. The lack of complete technical analysis data and poor valuation metrics further contribute to a lower score. The absence of earnings call and corporate event data limits additional insights.

Citigold Corporation Limited Business Overview & Revenue Model

Company Description

Citigold Corporation Limited (CTO) is an Australian gold mining and exploration company. It is primarily focused on the Charters Towers Goldfield in North Queensland, which is one of Australia's richest gold mining areas. The company's core services include the exploration, development, and operation of gold mining projects, with a strategic emphasis on optimizing production processes to enhance gold recovery and reduce costs.

How the Company Makes Money

Citigold Corporation Limited generates revenue through the extraction and sale of gold. The company's primary revenue stream is derived from the mining and processing of gold ore from its Charters Towers Gold Project. This involves extracting gold from the ground, processing the ore to separate the gold, and then selling the refined gold to the market. The company's earnings are significantly influenced by the market price of gold, operational efficiency, and production volume. Strategic partnerships with mining technology providers and other stakeholders may also contribute to cost optimization and enhanced production capabilities, thereby impacting overall revenue.

Citigold Corporation Limited Financial Statement Overview

Summary

Citigold Corporation Limited is facing substantial financial challenges. With a negative gross profit, EBIT, and net income, the company is experiencing considerable losses. The balance sheet is mixed, maintaining a reasonable equity base but with significant debt. Cash flow is concerning with negative operating and free cash flows, indicating ongoing cash burn. Overall, financial stability is at risk due to high liabilities and inefficiencies in cash generation.

Income Statement

Citigold Corporation Limited's income statement shows significant challenges. The company has a negative gross profit, EBIT, and net income, indicating considerable losses. The revenue growth is positive due to the introduction of revenue in the latest period, but the overall profitability remains weak with high negative profit margins, highlighting ongoing financial difficulties.

Balance Sheet

The balance sheet reflects a mixed situation. The company maintains a reasonable equity base relative to its assets, but it also carries a significant amount of debt, leading to a moderate debt-to-equity ratio. The equity ratio is stable, but overall, the financial stability is constrained by high liabilities compared to its equity.

Cash Flow

Cash flow analysis reveals a concerning picture with negative operating and free cash flows, indicating cash burn. Financing activities have been supporting cash needs, but this is not sustainable long-term. The ratios of operating and free cash flow to net income are unfavorable, demonstrating inefficiencies in cash generation relative to reported losses.

Breakdown
Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
46.00K	0.00	0.00	0.00	0.00
	Gross Profit
-61.53K	-58.61K	-73.57K	-86.01K	-143.97K
	EBIT
-2.12M	-2.05M	-1.79M	-1.44M	-1.84M
	EBITDA
-1.91M	-1.86M	-1.61M	-1.20M	-913.88K
	Net Income Common Stockholders
-2.31M	-2.33M	-1.89M	-1.42M	-999.65K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
221.07K	219.63K	224.95K	432.03K	15.79K
	Total Assets
113.60M	112.50M	111.57M	111.04M	109.99M
	Total Debt
3.56M	3.04M	1.68M	617.27K	272.23K
	Net Debt
3.34M	2.82M	1.45M	185.24K	256.44K
	Total Liabilities
17.07M	14.34M	11.28M	9.42M	8.87M
	Stockholders Equity
96.53M	98.14M	100.27M	101.60M	101.11M
Cash Flow		Free Cash Flow
-1.40M	-2.08M	-1.78M	-1.92M	-1.96M
	Operating Cash Flow
-1.08M	-1.87M	-1.58M	-1.35M	-1.94M
	Investing Cash Flow
-316.55K	-209.70K	-201.87K	-571.64K	-19.25K
	Financing Cash Flow
1.40M	2.07M	1.57M	2.34M	1.97M

Citigold Corporation Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RMS	82 Outperform	$3.14B	8.88	26.42%	3.19%	54.37%	310.22%
NST	78 Outperform	$21.93B	23.21	11.01%	2.66%	25.11%	28.88%
PRU	77 Outperform	C$4.64B	8.63	22.80%	1.89%	12.24%	14.88%
EVN	75 Outperform	$15.42B	22.16	16.97%	1.56%	60.56%	302.20%
Sector *	49 Neutral	$1.95B	-1.37	-21.20%	3.73%	0.84%	-29.84%
CTO	35 Underperform	$12.00M	―	-26.03%	―	-100.00%	-837.50%

Citigold Corporation Limited Corporate Events

Citigold Corporation Prepares to Restart Charters Towers Gold Mine

Citigold Corporation Limited is working towards restarting its Charters Towers Gold Project, which is production-ready after successful test mining. The company is focused on expanding its mineral resources through regional exploration and aims to enhance its operations with state-of-the-art technologies to increase profitability and shareholder returns.

Citigold Corporation Advances Central Mine Operations in 2024

Citigold Corporation Limited has released its half-year report for 2024, highlighting ongoing developments at its Central Mine site within the Charters Towers Gold Project. The report outlines the current mining activities, including the areas to be mined and those previously mined, as well as plans to extend the main access tunnel by an additional 1,000 meters. These developments are crucial for enhancing the company’s operational capacity and potentially increasing gold production, which could have significant implications for its market positioning and stakeholder interests.

Citigold Corporation Faces Suspension from ASX Quotation

Citigold Corporation Limited, listed on the Australian Securities Exchange under the ticker CTO, has had its securities suspended from quotation due to inadequate financial conditions. The ASX determined this suspension based on Citigold’s half-year financial statements ending December 31, 2024, which included an adverse opinion from the auditor’s review report. This suspension will remain until Citigold complies with ASX Listing Rules, particularly Listing Rule 12.2, and is deemed appropriate for reinstatement.

Citigold Corporation Reports 2024 Half-Year Progress and Expansion Plans

Citigold Corporation Limited has released its half-year report for 2024, highlighting the progress at its Central mine site within the Charters Towers Gold Project. The report details the current mining operations and future expansion plans, including extending the main access tunnel by an additional 1,000 meters. This expansion is expected to enhance the company’s operational capabilities and strengthen its position in the gold mining sector.