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Hamak Gold Limited
(LSE:HAMA)
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Rating:43Neutral
Price Target:
0.56 p
▼(-20.71% Downside)
Action:Reiterated
Date:10/31/26
The score is primarily held down by weak financial performance (no revenue, widening losses, ongoing cash burn, and rising leverage). Technicals offer only limited support with short-term strength but a broader downtrend and negative MACD. Valuation is also unfavorable given loss-making earnings and no dividend yield.
Positive Factors
Exploration Asset Base
The company has a defined exploration strategy centered on gold prospects in Liberia and broader West Africa. Geological mapping, sampling, and drilling provide a structured pathway to test resource potential, creating an identifiable basis for future value if economically viable deposits are established.
Negative Factors
No Revenue and Widening Losses
The absence of revenue leaves the company without an operating base to absorb exploration and corporate costs, while the sharply wider TTM loss indicates worsening profitability. This makes progress toward commercialization uncertain and keeps the business dependent on future funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Exploration Asset Base
The company has a defined exploration strategy centered on gold prospects in Liberia and broader West Africa. Geological mapping, sampling, and drilling provide a structured pathway to test resource potential, creating an identifiable basis for future value if economically viable deposits are established.
Read all positive factors
Hamak Gold Limited (HAMA) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£2.91M
Dividend YieldN/A
Average Volume (3M)1.81M
Price to Earnings (P/E)―
Beta (1Y)0.30
Revenue GrowthN/A
EPS Growth56.07%
CountryUK
Employees6
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.01
Shares Outstanding506,538,900
10 Day Avg. Volume783,581
30 Day Avg. Volume1,814,311
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)0.93
Price to Sales (P/S)0.00
P/FCF Ratio-3.46
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Hamak Gold Limited Business Overview & Revenue Model
Company Description
Hamak Strategy Limited is a mining exploration and development company that operates in Liberia, exploring for gold deposits. The company holds mineral exploration licenses in areas including Nimba. It also has business operations in digital treas...
How the Company Makes Money
Hamak Gold Limited does not have publicly available information indicating ongoing revenue from gold production or operating mines; therefore, its current revenue model is not clearly disclosed. null...
Hamak Gold Limited Financial Statement Overview
Summary
Income Statement
7
Very Negative
Balance Sheet
32
Negative
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -15.91K | ― | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -2.38M | -1.22M | -774.00K | ― | -3.72M | 0.00 |
| Net Income | -4.24M | -1.87M | -1.08M | -536.55K | -3.73M | -393.77K |
Balance Sheet | ||||||
| Total Assets | 5.17M | 7.66M | 2.00M | 2.00M | 1.55M | 1.90K |
| Cash, Cash Equivalents and Short-Term Investments | 26.13K | 3.11M | 27.00K | 2.00K | 12.00K | 1.00K |
| Total Debt | 2.58M | 3.45M | 318.00K | 9.00K | 59.00K | 70.00K |
| Total Liabilities | 3.43M | 4.29M | 1.06M | 456.00K | 411.00K | 357.28K |
| Stockholders Equity | 1.75M | 3.38M | 930.00K | 1.55M | 1.14M | -355.38K |
Cash Flow | ||||||
| Free Cash Flow | -1.82M | -904.59K | -382.00K | -715.00K | -1.16M | -77.00 |
| Operating Cash Flow | -1.80M | -880.08K | -359.00K | -302.00K | -567.00K | -77.00 |
| Investing Cash Flow | -2.96M | -2.35M | -23.00K | -413.00K | -590.00K | 0.00 |
| Financing Cash Flow | 4.82M | 6.40M | 407.00K | 705.00K | 1.17M | 78.00 |
Hamak Gold Limited Technical Analysis
Positive
0.70
Price Trends
0.56
Positive
0.62
Negative
0.79
Negative
Market Momentum
-0.02
Negative
59.75
Neutral
35.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:HAMA, the sentiment is Positive. The current price of 0.7 is above the 20-day moving average (MA) of 0.47, above the 50-day MA of 0.56, and below the 200-day MA of 0.79, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 59.75 is Neutral, neither overbought nor oversold. The STOCH value of 35.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:HAMA.
Hamak Gold Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | £17.95M | -9.87 | -33.46% | ― | ― | 70.97% | |
44 Neutral | £5.24M | -3.19 | -23.57% | ― | ― | ― | |
44 Neutral | £11.55M | -4.58 | -10.35% | ― | -100.00% | 22.73% | |
44 Neutral | £6.54M | -33.61 | -0.55% | ― | ― | 77.01% | |
43 Neutral | £2.91M | -0.64 | -165.54% | ― | ― | 56.07% |
* Basic Materials Sector Average
GB:HAMA
Hamak Gold Limited
0.58
-0.95
-62.17%
GB:ECR
ECR Minerals
0.13
-0.08
-39.52%
GB:XTR
Xtract Resources
0.83
-0.08
-8.33%
GB:CGNR
Conroy Gold and Natural Resources
7.00
-3.25
-31.71%
GB:PALM
Panther Metals Plc
147.50
88.50
150.00%
Hamak Gold Limited Corporate Events
Business Operations and StrategyM&A Transactions
Hamak Strategy Sells Nimba Project to Avesoro Unit to Focus on Akoko Gold
Positive
Oct 8, 2026
Hamak Strategy Limited has agreed to divest its Nimba Gold Project in Liberia to Bea Mountain Mining Corporation, a subsidiary of Avesoro, in a deal that could deliver up to $2 million in milestone payments plus a 2% gross production royalty. The ...
Business Operations and StrategyExecutive/Board ChangesPrivate Placements and Financing
Hamak Strategy Advances Akoko Gold Project and Reshapes Treasury and Financing
Positive
Sep 25, 2026
Hamak Strategy has advanced its Akoko gold project in Ghana from due diligence to drilling and the declaration of a maiden NI43-101-compliant resource of 210,430 ounces at 0.76 g/t, with significant near-surface oxide material and encouraging meta...
Business Operations and StrategyPrivate Placements and Financing
Hamak Sells Bitcoin to Drive Akoko Gold Assessment and Cut Debt
Positive
Sep 21, 2026
Hamak Strategy Limited has sold 8 Bitcoin for gross proceeds of £482,516, capitalising on recent price appreciation to fund work on the Preliminary Economic Assessment at its Akoko Gold Project in Ghana, reduce short-term debt and bolster wor...
Business Operations and StrategyDelistings and Listing Changes
Hamak Strategy Corrects Warrant Exchange Figures, Lifts Share Count
Neutral
Sep 9, 2026
Hamak Strategy Limited has corrected figures tied to its ongoing warrant exchange offer, which converts eligible warrants into new ordinary shares. The company now reports that 192,370,375 warrants will be cancelled and exchanged for 38,474,075 ne...
Business Operations and StrategyDelistings and Listing Changes
Hamak Strategy Exits OTCQB to Focus on Gold Projects and Crypto Treasury
Negative
Sep 1, 2026
Hamak Strategy Limited has withdrawn its shares from trading on the U.S. OTCQB Market after determining that the costs of maintaining the quotation were not justified by the low level of trading activity. The company will continue to focus resourc...
Business Operations and StrategyDelistings and Listing ChangesPrivate Placements and Financing
Hamak Strategy Expands Share Capital Through Subscription and Warrant Exchange
Neutral
Aug 27, 2026
Hamak Strategy Limited has applied for admission to trading on the London Stock Exchange of 58,474,075 new ordinary shares, expanding its issued share capital to 510,612,474 shares. The new stock includes 25,000,000 shares from a £200,000 sub...
Business Operations and Strategy
Hamak Strategy Hires Snowden Optiro for Akoko Gold Project PEA
Positive
Aug 13, 2026
Hamak Strategy Limited, a UK-listed gold exploration company active in West Africa with a Bitcoin-based digital asset treasury policy, is advancing its flagship Akoko oxide gold project in southwest Ghana. The firm’s portfolio combines early...
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.