Alma Gold (ALMA) AI Stock Analysis

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Alma Gold

(CNQX:ALMA)

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Rating:40Underperform

Price Target:CAD 0.06▼(-4.62% Downside)

Action:reiterated

Date:11/11/26

The score is driven primarily by zero revenue, persistent losses, and negative cash flow. Limited support comes from the debt-free balance sheet and short-term price positioning, but the negative long-term trend, negative MACD, and lack of valuation support keep the overall score near the minimum.

Positive Factors

Debt-Free Balance SheetThe absence of reported debt reduces fixed financial obligations and lowers exposure to refinancing or interest-cost pressure. This gives Alma Gold more balance-sheet flexibility than a similarly loss-making company carrying leverage, although operating funding needs remain significant.

Negative Factors

Pre-Revenue OperationsThe absence of revenue and gross profit indicates that Alma Gold has not yet demonstrated a commercial operating base. Without sales, the company lacks internally generated revenue to support ongoing investment, making future performance dependent on development progress and external funding.

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

Market Cap: CAD 3.77M
Dividend Yield: ―
Average Volume (3M): 76.52K
Price to Earnings (P/E): -0.9
Beta (1Y): 0.51
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

Financial performance is extremely weak: revenue is zero, losses are persistent, and operating and free cash flow are negative. The absence of debt and positive equity provide limited support, but the overall profile remains at the score floor.

Income Statement

8Very Negative

Balance Sheet

55Neutral

Cash Flow

12Very 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 Price0.07

Price Trends

50DMA0.06Positive

100DMA0.08Negative

200DMA0.11Negative

Market Momentum

MACD-0.00Negative

RSI57.29Neutral

STOCH66.67Neutral

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 0.07 is above the 20-day moving average (MA) of 0.06, above the 50-day MA of 0.06, and below the 200-day MA of 0.11, indicating a neutral trend. The MACD of -0.00 indicates Negative momentum. The RSI at 57.29 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 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 16.18M	-0.76	-3311.26%	―	―	-229.81%
TSE:ALMA	40Underperform	CAD 3.77M	-0.93	-160.55%	―	―	-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 7.21M	-5.58	-17.20%	―	―	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.	0.07	-0.02	-23.53%
TSE:NEV	Nevada Sunrise Gold	0.03	-0.03	-50.00%
TSE:SASY	Sassy Gold Corp	0.04	0.00	0.00%
TSE:GOH	Goldhaven Resources Corp	0.14	0.03	26.09%
TSE:WBGD	Waraba Gold Limited	0.29	0.20	222.22%

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: Nov 11, 2026

Alma Gold AI Stock Analysis