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Ashley Gold Corp. (ASHL) AI Stock Analysis
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Ashley Gold Corp.
(CNQX:ASHL)
The overall score is driven primarily by very weak current financial performance and growing cash burn in a pre-revenue, high-risk development stage, partially balanced by a stronger equity-funded balance sheet and negligible debt; a constructive but volatile technical uptrend offers some near-term support, while valuation remains speculative due to negative earnings and the lack of income from dividends.
Ashley Gold Corp. (ASHL) vs. iShares MSCI Canada ETF (EWC)
- Market Cap
- CAD 3.61M
- Dividend Yield
- ―
- Average Volume (3M)
- 405.30K
- Price to Earnings (P/E)
- -20.7
- Beta (1Y)
- 1.67
- Revenue Growth
- ―
- EPS Growth
- ―
- Country
- Canada
- Employees
- 4
- Sector
- Basic Materials
- Sector Strength
- 61
- Industry
- Gold
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 headquartered i...
Ashley Gold Corp. Financial Statement Overview
Summary
Ashley Gold Corp. is still pre-revenue with persistent operating and net losses and deeply negative free cash flow, partially offset by a growing equity base, expanding assets, and negligible financial debt.
Income Statement
25NegativeBalance Sheet
70PositiveCash Flow
18Very Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | 0 | 0 | 0 | 0 | 0 | 0 |
| EBITDA | -553.12K | -663.50K | -514.99K | -475.11K | 0 | 0 |
| Net Income | -373.74K | -691.71K | -754 | -1,254 | -293.07K | -215.51K |
Balance Sheet | ||||||
| Total Assets | 3.39M | 1.59M | 538.28K | 589.37K | 990.48K | 474.08K |
| Cash, Cash Equivalents and Short-Term Investments | 429.61K | 212.61K | 17.10K | 22.17K | 263.32K | 93.75K |
| Total Debt | 326 | 0 | 18.90K | 20.37K | 0 | 0 |
| Total Liabilities | 218.69K | 172.59K | 132.77K | 147.59K | 38.28K | 34.66K |
| Stockholders Equity | 3.17M | 1.42M | 405.51K | 441.78K | 952.20K | 439.42K |
Cash Flow | ||||||
| Free Cash Flow | -1.71M | -924.76K | -547.07K | -956.80K | -600.51K | -243.07K |
| Operating Cash Flow | -537.58K | -362.01K | -450.58K | -677.92K | -335.56K | -122.73K |
| Investing Cash Flow | -1.24M | -512.75K | -254.50K | -278.88K | -264.94K | -120.34K |
| Financing Cash Flow | 2.21M | 1.07M | 700.02K | 715.65K | 770.08K | 334.83K |
Ashley Gold Corp. Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ASHL, the sentiment is Negative. The current price of 0.06 is below the 20-day moving average (MA) of 0.07, below the 50-day MA of 0.07, and below the 200-day MA of 0.06, indicating a bearish trend. The MACD of 0.00 indicates Positive momentum. The RSI at 41.13 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:ASHL.
Ashley Gold Corp. Peers Comparison
Overall Rating
TSE:ASHL48Neutral
TSE:GNG43Neutral
TSE:GOR42Neutral
TSE:NEV42Neutral
Financial Indicators
| 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% |
| 48Neutral | CAD 6.09M | -20.69 | -18.09% | ― | ― | ― | |
| 43Neutral | CAD 3.53M | -1.73 | -233.80% | ― | ― | 68.80% | |
| 42Neutral | CAD 3.11M | -15.38 | -221.67% | ― | ― | 28.57% | |
| 42Neutral | CAD 4.84M | -2.19 | -147.06% | ― | ― | -1857.14% |
* Basic Materials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TSE:ASHL | Ashley Gold Corp. | 0.06 | -0.01 | -14.29% | |
| TSE:GNG | Golden Goliath Resources | 0.07 | -0.02 | -27.78% | |
| TSE:GOR | Goldrea Resources | 0.02 | 0.00 | 0.00% | |
| TSE:NEV | Nevada Sunrise Gold | 0.03 | -0.01 | -25.00% | |
| TSE:ROAD | Mineral Road Discovery Inc. | 0.19 | 0.05 | 40.74% | |
| TSE:SAO | South Atlantic Gold, Inc. | 0.06 | 0.02 | 57.50% |
Ashley Gold Corp. Corporate Events
Ashley Gold Corp. Secures Record Financing to Advance Canadian Exploration
PositiveAshley Gold Corp. has completed the second and final tranche of a non-brokered private placement, bringing total gross proceeds to about CDN$2.08 million in what management describes as the largest financing in the company’s history. The raise...
Ashley Gold President Updates Insider Holdings in Early Warning Filing
NeutralAshley Gold Corp. has disclosed an updated early warning report filed by its president, Noah J. Komavli, reflecting a 2% change in his reportable holdings since June 8, 2026, under Canadian securities rules. Komavli now controls 17,129,150 common sha...
Ashley Gold Flags High-Grade Copper and Visible Gold in Tak Project Drilling
PositiveAshley Gold Corp. reported new prospecting results from its Tak Project, including grab samples grading up to 3.43% copper from the newly identified Tic Tak Zone north of its patented ground. The company said these base metal values, alongside visual...
Ashley Gold launches C$2 million private placement to fund exploration
PositiveAshley Gold Corp. has announced a non-brokered private placement of up to C$2 million, split evenly between flow-through and non-flow-through units, to support its exploration and corporate plans. The flow-through unit proceeds will fund eligible Can...
Ashley Gold Expands Phase IV Drilling After Encouraging Tak Project Results
PositiveAshley Gold Corp. has provided an operational update on its Phase IV drilling campaign at the Tak Project, reporting encouraging field visuals from hole TAK-26-17 in the 67Z East zone. The company is following up on a previously disclosed high-grade...
Ashley Gold Hits Best-Ever High-Grade Intercept at Tak Project Step-Out
PositiveAshley Gold Corp. reported a significant drilling discovery at its Tak Project, announcing that hole TAK-26-16 cut 3.333 g/t gold over 60 m from 24 m downhole, including a standout interval of 229 g/t gold over 0.65 m near 63.15 m. Management highlig...
Ashley Gold Strikes Best-Ever Intercept in Tak Project Step-Out Hole
PositiveAshley Gold Corp. has reported its best drilling results to date from the Tak Project, part of the Burnthut property in Alberta, with hole TAK-26-16 cutting 3.333 g/t gold over 60 metres from near surface, including a standout interval of 229 g/t ove...
Ashley Gold Extends 67Z Strike with Bulk-Tonnage Gold Hit in Phase III Drilling
PositiveAshley Gold Corp. has released the first assays from its Phase III step-out drilling program, reporting a highlight intercept of 0.478 g/t gold over 55.0 metres in hole TAK-26-14 between the 67Z and D99Z zones. The hole represents the furthest step-o...
Ashley Gold Widens 67Z Zone With Phase II Tak Drill Assays
PositiveAshley Gold Corp. has reported final Phase II drill assays from hole TAK-26-09 at its Tak project, highlighting a broad interval of 0.304 g/t gold over 30.50 meters, including 0.454 g/t gold over 10.25 meters near the 67Z zone. The results widen the...
Ashley Gold Ramps Up Tak Drilling and Launches LiDAR Survey to Refine Exploration
PositiveAshley Gold Corp. has returned crews to the Tak project in Northwestern Ontario and is progressing through a multi-phase drilling campaign designed to unify the D99Z and 67Z gold zones. With several Phase II and III holes outstanding, Phase IV drilli...
Ashley Gold Confirms Continuity of Gold Mineralization Between 67Z and D99Z at Tak Property
PositiveAshley Gold Corp. reported assay results from exploratory drill hole TAK-26-06 between the 67Z and D99Z zones at its Tak property, returning 0.460 g/t gold over 25.50 meters from shallow depths and a high-grade intercept of 9.560 g/t gold over 0.50 m...
Ashley Gold’s Tak Patents Drill Hole Delivers Best-Ever Interval, Fuels Next Exploration Phase
PositiveAshley 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 fr...
Ashley Gold Corp. Backs Indigenous Women’s Hockey Team in Ontario
PositiveAshley 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 comp...
Ashley Gold Secures Hyndman Flank Claims in Ontario Gold Corridor
PositiveAshley 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 prod...
Ashley Gold Advances Multi-Phase Drilling and Targets Main Vein Upside at Tak Project
PositiveAshley 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 and 6...
Ashley Gold Wraps Phase III Drilling, Identifies New Gossan Target at Tak Project
PositiveAshley 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 utilizat...
Ashley Gold Advances Icefield Option as Optionee Moves Toward Full Ownership
PositiveAshley 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 Bur...
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: Sep 30, 2026