Alma Gold (ALMA) AI Stock Analysis

Alma Gold

(CNQX:ALMA)

Select Model

Rating:41Neutral

Price Target:CAD 0.06▼(-5.00% Downside)

Action:reiterated

Date:10/23/26

The score is held down primarily by weak financial performance (pre-revenue operations, widening losses, and sustained negative free cash flow) and bearish technicals (price below major moving averages with negative MACD). The absence of debt provides some financial flexibility, but valuation signals are limited due to a negative P/E and no dividend yield data.

Positive Factors

Debt-Free Balance SheetNo reported debt gives Alma Gold a clean capital structure and reduces exposure to interest costs, covenant pressure, and refinancing stress. Over the next several quarters, that supports greater financial resilience while the company remains in an investment and exploration phase.

Negative Factors

Pre-Revenue BusinessAlma Gold remains pre-revenue, with no gross profit reported across the available periods. This indicates that the business has not yet demonstrated commercial monetization, leaving future funding and operating progress dependent on converting its investment phase into revenue generation.

Alma Gold (ALMA) vs. iShares MSCI Canada ETF (EWC)

Market Cap: CAD 3.48M
Dividend Yield: ―
Average Volume (3M): 90.42K
Price to Earnings (P/E): -0.8
Beta (1Y): 0.32
Revenue Growth: ―
EPS Growth: -34.93%
Country: Canada
Employees: 0
Sector: Basic Materials
Sector Strength: 61
Industry: Gold

Alma Gold Business Overview & Revenue Model

Company Description

Alma Gold Inc. is an exploration company primarily focused on gold, actively engaged in identifying, acquiring, and developing mineral property assets. Its flagship endeavor is the Karita gold project, which consists of four exploration permits locat...

Alma Gold Financial Statement Overview

Summary

Pre-revenue with no gross profit and materially widening losses; EBIT/EBITDA remain negative and cash burn is persistent with consistently negative operating and free cash flow, implying ongoing funding needs. The main offset is a clean balance sheet with no reported debt, which reduces near-term solvency risk despite volatile equity and deeply negative returns.

Income Statement

9Very Negative

Balance Sheet

41Neutral

Cash Flow

18Very Negative

Financial statement breakdown
Breakdown	TTM	Feb 2026	Feb 2025	Feb 2024	Feb 2023	Feb 2022
Income Statement
Total Revenue	0	0	0	0	0	0
Gross Profit	0	0	0	0	0	0
EBITDA	-42.91K	-531.22K	-11.85K	363.07K	-18.44K	-23.69K
Net Income	-2.63M	-2.63M	-984.95K	-384	-285.73K	-140.35K
Balance Sheet
Total Assets	502.50K	502.50K	2.28M	2.76M	2.69M	2.45M
Cash, Cash Equivalents and Short-Term Investments	448.83K	448.83K	209.94K	81	229.57K	576.00K
Total Debt	0	0	0	0	0	0
Total Liabilities	41.09K	41.09K	89.46K	595.78K	566.61K	279.12K
Stockholders Equity	461.42K	461.42K	2.19M	2.16M	2.12M	2.17M
Cash Flow
Free Cash Flow	-638.28K	-614.81K	-73.02K	-592.68K	-582.43K	-145.59K
Operating Cash Flow	-614.39K	-614.81K	-73.02K	-323.02K	-358.71K	-113.46K
Investing Cash Flow	-51.11K	-51.73K	-322.12K	-269	-223.72K	-29.65K
Financing Cash Flow	906.44K	905.43K	605.00K	363	236.00K	684.10K

Alma Gold Technical Analysis

Technical Analysis SentimentPositive

Last Price0.06

Price Trends

50DMA0.07Negative

100DMA0.08Negative

200DMA0.11Negative

Market Momentum

MACD-0.00Positive

RSI48.60Neutral

STOCH22.22Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ALMA, the sentiment is Positive. The current price of 0.06 is above the 20-day moving average (MA) of 0.06, below the 50-day MA of 0.07, and below the 200-day MA of 0.11, indicating a neutral trend. The MACD of -0.00 indicates Positive momentum. The RSI at 48.60 is Neutral, neither overbought nor oversold. The STOCH value of 22.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:ALMA.

Alma Gold Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

TSE:ALMA 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%
TSE:WBGD	44Neutral	CAD 21.48M	-1.03	-3311.26%	―	―	-229.81%
TSE:ALMA	41Neutral	CAD 3.48M	-0.83	-162.03%	―	―	-34.93%
TSE:NEV	40Underperform	CAD 4.84M	-2.19	-147.06%	―	―	-1857.14%
TSE:SASY	33Underperform	CAD 665.48K	-0.09	-39.49%	―	―	―
TSE:GOH	31Underperform	CAD 6.46M	-3.93	-23.00%	―	―	93.97%

* Basic Materials Sector Average

Performance Comparison

TSE:ALMA and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TSE:ALMA	Alma Gold, Inc.	0.06	-0.02	-25.00%
TSE:NEV	Nevada Sunrise Gold	0.03	-0.01	-25.00%
TSE:SASY	Sassy Gold Corp	0.04	0.00	0.00%
TSE:GOH	Goldhaven Resources Corp	0.13	0.00	0.00%
TSE:WBGD	Waraba Gold Limited	0.39	0.24	175.00%

Alma Gold Corporate Events

Business Operations and StrategyExecutive/Board Changes

Alma Gold Adjusts Board as Guinea Exploration Strategy Continues

Neutral

Sep 18, 2026

Alma Gold Inc., a Bedford, Nova Scotia-based gold exploration company, is advancing its Karita West Project in northern Guinea through subsidiary Karita Gold Corp., while also seeking permits for the Dialakoro project in the Siguiri Basin, underscori...

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 23, 2026

Alma Gold AI Stock Analysis