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Ashley Gold Corp.
(ASHL)
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Rating:49Neutral
Price Target:
C$0.06
▲(0.00% Upside)
Action:Reiterated
Date:08/27/26
The score is held down primarily by weak financial performance (no revenue, ongoing losses, and significant negative free cash flow), implying continued reliance on external funding. Technicals are modestly positive in the near term (positive MACD and price above short-term averages), but the longer-term trend remains weaker. Valuation metrics are not supportive due to negative earnings and no dividend yield data.
Positive Factors
Minimal Debt
Essentially no debt limits refinancing pressure and interest obligations, giving Ashley Gold greater financial flexibility while it funds exploration and works toward a viable operating model.
Negative Factors
No Revenue Base
The absence of revenue means Ashley Gold has not yet demonstrated commercial production or a recurring monetization model, leaving future performance dependent on exploration success and eventual development.
Read all positive and negative factors
Positive Factors
Negative Factors
Minimal Debt
Essentially no debt limits refinancing pressure and interest obligations, giving Ashley Gold greater financial flexibility while it funds exploration and works toward a viable operating model.
Read all positive factors
Ashley Gold Corp. (ASHL) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$4.75M
Dividend YieldN/A
Average Volume (3M)218.40K
Price to Earnings (P/E)―
Beta (1Y)1.97
Revenue GrowthN/A
EPS GrowthN/A
CountryCA
Employees4
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding86,349,880
10 Day Avg. Volume363,506
30 Day Avg. Volume218,398
Financial Highlights & Ratios
PEG Ratio0.16
Price to Book (P/B)3.87
Price to Sales (P/S)0.00
P/FCF Ratio-5.93
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
Ashley Gold Corp. Business Overview & Revenue Model
Company Description
Ashley Gold Corp. engages in the acquisition, exploration, and development of mineral properties in Canada. The company explores for gold, uranium, vanadium, silver, and copper metals. Ashley Gold Corp. was incorporated in 2020 and is headquartere...
Ashley Gold Corp. Financial Statement Overview
Summary
Income Statement
9
Very Negative
Balance Sheet
55
Neutral
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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -694.25K | -663.50K | -360.00 | -475.11K | 0.00 | 0.00 |
| Net Income | -716.73K | -691.71K | -754.00 | -1.25K | -293.07K | -215.51K |
Balance Sheet | ||||||
| Total Assets | 2.70M | 1.59M | 538.28K | 589.37K | 990.48K | 474.08K |
| Cash, Cash Equivalents and Short-Term Investments | 626.45K | 212.61K | 17.10K | 22.17K | 263.32K | 93.75K |
| Total Debt | 0.00 | 0.00 | 18.90K | 20.37K | 0.00 | 0.00 |
| Total Liabilities | 116.02K | 172.59K | 132.77K | 147.59K | 38.28K | 34.66K |
| Stockholders Equity | 2.58M | 1.42M | 405.51K | 441.78K | 952.20K | 439.42K |
Cash Flow | ||||||
| Free Cash Flow | -1.22M | -924.76K | -547.07K | -956.80K | -600.51K | -243.07K |
| Operating Cash Flow | -478.68K | -362.01K | -450.58K | -677.92K | -335.56K | -122.73K |
| Investing Cash Flow | -728.99K | -512.75K | -254.50K | -278.88K | -264.94K | -120.34K |
| Financing Cash Flow | 1.82M | 1.07M | 700.02K | 715.65K | 770.08K | 334.83K |
Ashley Gold Corp. 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% | |
50 Neutral | C$9.69M | -4.38 | -147.06% | ― | ― | -1857.14% | |
49 Neutral | C$4.75M | -6.63 | -48.05% | ― | ― | ― | |
42 Neutral | C$4.24M | -2.10 | -233.80% | ― | ― | 68.80% | |
41 Neutral | C$3.89M | -19.23 | -221.67% | ― | ― | 28.57% |
* Basic Materials Sector Average
TSE:ASHL
Ashley Gold Corp.
0.06
0.02
50.00%
TSE:GNG
Golden Goliath Resources
0.08
0.02
30.00%
TSE:GOR
Goldrea Resources
0.03
<0.01
25.00%
TSE:NEV
Nevada Sunrise Gold
0.06
0.03
114.29%
TSE:ROAD
Mineral Road Discovery
0.15
0.03
25.00%
TSE:SAO
South Atlantic Gold
0.07
0.04
133.33%
Ashley Gold Corp. Corporate Events
Business Operations and Strategy
Ashley Gold’s Tak Patents Drill Hole Delivers Best-Ever Interval, Fuels Next Exploration Phase
Positive
Aug 26, 2026
Ashley Gold Corp. reported that Phase II drill hole TAK-26-07 at the Tak Patents, bordering the NexGold Goliath-Gold complex, delivered the best NI 43-101 compliant interval in the property’s history. The hole cut 0.861 g/t gold over 62.35 m...
Business Operations and Strategy
Ashley Gold Corp. Backs Indigenous Women’s Hockey Team in Ontario
Positive
Aug 25, 2026
Ashley Gold Corp. has sponsored the Lac Seul Lady Tomahawks, an Indigenous women’s ice hockey team based near Sioux Lookout in northwestern Ontario, outfitting the team with customized jerseys to strengthen its identity and visibility. The c...
Business Operations and StrategyM&A Transactions
Ashley Gold Secures Hyndman Flank Claims in Ontario Gold Corridor
Positive
Aug 20, 2026
Ashley Gold Corp. has acquired 100% ownership of 31 mining claims, covering 1,356 acres, within Dryden Gold Corp.’s Hyndman Project area in Ontario. The Hyndman Flank Project, which features strong access and is adjacent to ground that has p...
Business Operations and Strategy
Ashley Gold Advances Multi-Phase Drilling and Targets Main Vein Upside at Tak Project
Positive
Aug 13, 2026
Ashley Gold Corp. is intensifying exploration at its Tak Patents gold project, where it is drilling around historically mined quartz veins that attracted operators in the early 1900s. The company is working multiple target zones, including D99Z an...
Business Operations and Strategy
Ashley Gold Wraps Phase III Drilling, Identifies New Gossan Target at Tak Project
Positive
Aug 11, 2026
Ashley Gold Corp. has completed its Phase III drill program at the Tak QFP resistive body, executing seven holes around the 67Z zone, including to the west, north, and east, while deferring NTZ drilling to a future campaign to optimize drill utili...
Business Operations and Strategy
Ashley Gold Advances Icefield Option as Optionee Moves Toward Full Ownership
Positive
Aug 6, 2026
Ashley Gold Corp., a Canadian mineral explorer specializing in gold and polymetallic deposits, holds a portfolio of projects in Ontario’s Dryden region and British Columbia. The company’s core assets include fully owned claims such as ...
Business Operations and StrategyDividends
Methanex Declares Quarterly Dividend for September 2026
Positive
Jul 16, 2026
Methanex Corporation’s board of directors has declared a quarterly dividend of US$0.185 per share, reinforcing the company’s commitment to returning capital to shareholders. The dividend is scheduled to be paid on September 30, 2026, t...
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
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