TipRanks
Go Ultimate55% OFF

Hamak Gold Limited (HAMA) AI Stock Analysis

GB:HAMA

Hamak Gold Limited

(LSE:HAMA)

Select Model
Rating:46Neutral
Price Target:GBX 0.56â–²(12.80% Upside)
Action:reiterated
Date:10/31/26

Weak financial performance driven by pre-revenue status and mounting losses is the dominant factor, with mixed technical analysis and poor valuation metrics further constraining the score.

Positive Factors
Exploration Asset BaseThe 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 LossesThe 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.

Hamak Gold Limited (HAMA) vs. iShares MSCI United Kingdom ETF (EWC)

-80%-60%-40%-20%0%20%40%GB:HAMA-54.00%EWC+24.02%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
GBP 2.91M
Dividend Yield
―
Average Volume (3M)
2.11M
Price to Earnings (P/E)
-0.6
Beta (1Y)
0.30
Revenue Growth
―
EPS Growth
56.07%
Country
UK
Employees
6
Sector
Basic Materials
Sector Strength
61
Industry
Gold

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 treasury...

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

Zero revenue and widening losses to 4.2 million reflect high exploration costs typical of early-stage gold companies, with negative cash flows and rising debt increasing risks despite positive equity.

Income Statement

15Very Negative

Balance Sheet

38Negative

Cash Flow

22Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue000000
Gross Profit-15.91K―0000
EBITDA-2.38M-1.22M-774.00K―-3.72M0
Net Income-4.24M-1.87M-1.08M-536.55K-3.73M-393.77K
Balance Sheet
Total Assets5.17M7.66M2.00M2.00M1.55M1,900
Cash, Cash Equivalents and Short-Term Investments26.13K3.11M27.00K2,00012.00K1,000
Total Debt2.58M3.45M318.00K9,00059.00K70.00K
Total Liabilities3.43M4.29M1.06M456.00K411.00K357.28K
Stockholders Equity1.75M3.38M930.00K1.55M1.14M-355.38K
Cash Flow
Free Cash Flow-1.82M-904.59K-382.00K-715.00K-1.16M-77
Operating Cash Flow-1.80M-880.08K-359.00K-302.00K-567.00K-77
Investing Cash Flow-2.96M-2.35M-23.00K-413.00K-590.00K0
Financing Cash Flow4.82M6.40M407.00K705.00K1.17M78

Hamak Gold Limited Technical Analysis

Technical Analysis SentimentPositive
Last Price0.50

Price Trends

50DMA0.56Positive
100DMA0.62Negative
200DMA0.79Negative

Market Momentum

MACD-0.02Negative
RSI59.75Neutral
STOCH35.56Neutral

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 0.50 is above the 20-day moving average (MA) of 0.47, below 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

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

GB:HAMA against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *61Neutral$10.43B7.12-0.05%2.87%2.86%-36.73%
GB:PALMGB:PALM54NeutralGBP 17.95M-9.87-33.46%――70.97%
GB:HAMAGB:HAMA46NeutralGBP 2.91M-0.64-165.54%――56.07%
GB:CGNRGB:CGNR44NeutralGBP 6.54M-33.47-0.55%――77.01%
GB:ECRGB:ECR44NeutralGBP 5.24M-3.19-23.57%――0.00%
GB:XTRGB:XTR39UnderperformGBP 11.55M-4.58-10.35%―-100.00%22.73%

* Basic Materials Sector Average

Performance Comparison

0%100%200%GB:HAMAGB:ECRGB:XTRGB:CGNRGB:PALMDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
GB:HAMA and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
GB:HAMAHamak Gold Limited0.57-0.73-55.77%
GB:ECRECR Minerals0.13-0.08-37.14%
GB:XTRXtract Resources0.820.023.12%
GB:CGNRConroy Gold and Natural Resources7.00-3.00-30.00%
GB:PALMPanther Metals Plc147.5093.00170.64%

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 tra...

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 metallu...

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 workin...

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 new o...

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 resources...

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 subscr...

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-st...

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: Oct 31, 2026