Conroy Gold and Natural Resources (CGNR) AI Stock Analysis

Conroy Gold and Natural Resources

(LSE:CGNR)

Select Model

Rating:41Neutral

Price Target:GBX 7.50▲(7.14% Upside)

Action:reiterated

Date:06/13/26

The score is held down primarily by weak financial performance, especially no revenue, recurring losses, and negative cash flow. Technicals are also bearish, while valuation offers little support because earnings are negative and there is no dividend. The balance sheet is the main offset, with low leverage and solid equity.

Positive Factors

Balance sheet conservatismA conservatively levered balance sheet with sizable equity and stable assets provides a durable funding cushion for exploration cycles. Low debt reduces refinancing pressure and preserves optionality to raise partner funding or equity without imminent solvency stress as projects advance over months to years.

Negative Factors

No operating revenueAbsence of operating revenue establishes a persistent funding requirement and limits internal cash generation. Over the medium term this forces dependence on external capital or partner funding to sustain exploration, diluting shareholder value risk and creating execution uncertainty if markets or partners retrench.

Conroy Gold and Natural Resources (CGNR) vs. iShares MSCI United Kingdom ETF (EWC)

Market Cap: GBP 6.54M
Dividend Yield: ―
Average Volume (3M): 66.61K
Price to Earnings (P/E): -33.6
Beta (1Y): -0.84
Revenue Growth: ―
EPS Growth: 77.01%
Country: UK
Employees: 7
Sector: Basic Materials
Sector Strength: 61
Industry: Gold

Conroy Gold and Natural Resources Business Overview & Revenue Model

Company Description

Conroy Gold and Natural Resources plc specializes in the discovery and advancement of mineral resources across Ireland and Finland. Its primary focus is on unearthing deposits of gold, lead, and zinc, with a significant portion of its exploratory eff...

How the Company Makes Money

CGNR is primarily an exploration-stage company; specific, recurring operating revenue streams from production are not publicly evidenced in the information available to this assistant, so a detailed breakdown of monetisation is limited. In general, c...

Conroy Gold and Natural Resources Financial Statement Overview

Summary

Weak profitability and cash generation are the main drag, with no revenue, ongoing losses, and negative operating cash flow. A strong equity base and very low debt help offset some distress risk, but the business remains highly dependent on exploration success.

Income Statement

12Very Negative

Balance Sheet

68Positive

Cash Flow

18Very Negative

Financial statement breakdown
Breakdown	TTM	May 2025	May 2024	May 2023	May 2022	Nov 2021
Income Statement
Total Revenue	0	0	0	0	0	0
Gross Profit	-18.27K	-18.36K	-18.60K	-18.27K	-1,868	-1,947
EBITDA	31.96K	-611.62K	-663.08K	-586.90K	-830.00K	-822.00K
Net Income	-117.39K	-631.27K	-585.92K	-315.00K	329.47K	211.01K
Balance Sheet
Total Assets	30.88M	29.51M	29.29M	27.38M	25.54M	24.97M
Cash, Cash Equivalents and Short-Term Investments	1.52M	77.17K	143.53K	557.93K	1.22M	1.51M
Total Debt	225.10K	217.69K	4.65M	158.10K	525.22K	515.08K
Total Liabilities	8.48M	9.02M	8.55M	3.87M	4.40M	4.98M
Stockholders Equity	22.40M	20.50M	20.74M	19.81M	19.73M	19.99M
Cash Flow
Free Cash Flow	-631.20K	-40.02K	-2.82M	-520.40K	-1.70M	-2.04M
Operating Cash Flow	-631.20K	-40.02K	-747.20K	-417.20K	-804.23K	-1.38M
Investing Cash Flow	-706.57K	-651.57K	-2.07M	-2.96M	-899.86K	-658.90K
Financing Cash Flow	2.66M	625.56K	2.41M	2.66M	1.41M	3.43M

Conroy Gold and Natural Resources Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

GB:CGNR against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
GB:HAMA	45Neutral	GBP 2.91M	-0.64	-165.54%	―	―	56.07%
GB:ECR	44Neutral	GBP 5.24M	-3.19	-23.57%	―	―	0.00%
GB:CGNR	41Neutral	GBP 6.54M	-33.60	-0.55%	―	―	77.01%
GB:GRL	41Neutral	GBP 7.97M	-1.02	-38.99%	―	-0.62%	12.00%
GB:XTR	40Underperform	GBP 11.55M	-4.58	-10.35%	―	-100.00%	22.73%

* Basic Materials Sector Average

Performance Comparison

GB:CGNR and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
GB:CGNR	Conroy Gold and Natural Resources	7.00	-3.25	-31.71%
GB:ECR	ECR Minerals	0.13	-0.08	-39.52%
GB:XTR	Xtract Resources	0.82	-0.08	-8.33%
GB:GRL	Goldstone Resources	0.47	0.09	25.00%
GB:HAMA	Hamak Gold Limited	0.57	-0.78	-57.41%

Conroy Gold and Natural Resources Corporate Events

Business Operations and Strategy

Conroy Gold boosts confidence in Clontibret–Corcaskea gold continuity with new drill intercepts

Positive

Jun 22, 2026

Conroy Gold and Natural Resources reported new assay results from step-out drillhole CGC-25-005 on the Eastern Zone at its Clontibret deposit in Ireland, which intersected nine gold-bearing lodes including 4.8 metres at 1.3 g/t and 1.0 metre at 2.7 g...

Business Operations and Strategy

Conroy Gold Identifies Significant Alteration Zone and High-Grade Gold at Clontibret

Positive

May 18, 2026

Conroy Gold reported assay results from two new drill holes at its Clontibret deposit in Ireland, which were drilled to test the northern extension of gold lodes near the historic Tullybuck antimony mine. Both holes intersected an extensive, intensel...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Jun 23, 2026

Conroy Gold and Natural Resources AI Stock Analysis