Want to see TSE:ASHL full AI Analyst Report?
Top Page
Ashley Gold Corp.
(ASHL)
Select Model
Select Model
Rating:51Neutral
Price Target:
C$0.07
▲(8.33% Upside)
Action:Reiterated
Date:09/30/26
The score is held down primarily by weak financial fundamentals (pre-revenue operations, recurring losses, and substantial negative free cash flow), despite a low-debt balance sheet. Technicals are the main positive, with the stock trading above key moving averages and showing moderately bullish momentum. Valuation is not supportive because the company is loss-making and has no indicated dividend yield.
Positive Factors
Debt-Free Balance Sheet
The absence of debt reduces solvency and interest-burden risk, giving Ashley Gold greater financial flexibility than a similarly unprofitable leveraged company. This structure can help preserve strategic options while the business develops, although it does not eliminate the need for future funding.
Negative Factors
Pre-Revenue Operations
With no reported revenue, Ashley Gold has not demonstrated commercial traction, operating scale, or a recurring source of internally generated funds. This leaves future business progress dependent on developing revenue-producing activities rather than on an established customer or sales base.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-Free Balance Sheet
The absence of debt reduces solvency and interest-burden risk, giving Ashley Gold greater financial flexibility than a similarly unprofitable leveraged company. This structure can help preserve strategic options while the business develops, although it does not eliminate the need for future funding.
Read all positive factors
Ashley Gold Corp. (ASHL) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$6.60M
Dividend YieldN/A
Average Volume (3M)530.86K
Price to Earnings (P/E)―
Beta (1Y)1.75
Revenue GrowthN/A
EPS GrowthN/A
CountryCA
Employees4
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding101,567,920
10 Day Avg. Volume1,317,390
30 Day Avg. Volume530,858
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
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
22
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 | -553.12K | -663.50K | -514.99K | -475.11K | 0.00 | 0.00 |
| Net Income | -373.74K | -691.71K | -754.00 | -1.25K | -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 | 326.00 | 0.00 | 18.90K | 20.37K | 0.00 | 0.00 |
| 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
Negative
0.06
Price Trends
0.06
Negative
0.06
Negative
0.06
Negative
Market Momentum
<0.01
Positive
42.61
Neutral
-1.14
Positive
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 0.06, and below the 200-day MA of 0.06, indicating a bearish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 42.61 is Neutral, neither overbought nor oversold. The STOCH value of -1.14 is Positive, 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
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% | |
51 Neutral | C$6.60M | -22.41 | -18.09% | ― | ― | ― | |
50 Neutral | C$7.26M | -3.28 | -147.06% | ― | ― | -1857.14% | |
42 Neutral | C$3.53M | -1.60 | -233.80% | ― | ― | 68.80% | |
41 Neutral | C$3.11M | -15.38 | -221.67% | ― | ― | 28.57% |
* Basic Materials Sector Average
TSE:ASHL
Ashley Gold Corp.
0.07
-0.05
-40.91%
TSE:GNG
Golden Goliath Resources
0.07
-0.03
-31.58%
TSE:GOR
Goldrea Resources
0.02
0.00
0.00%
TSE:NEV
Nevada Sunrise Gold
0.05
>-0.01
-10.00%
TSE:ROAD
Mineral Road Discovery
0.17
0.02
10.00%
TSE:SAO
South Atlantic Gold
0.06
0.01
22.22%
Ashley Gold Corp. Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Ashley Gold launches C$2 million private placement to fund exploration
Positive
Oct 6, 2026
Ashley 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 ...
Business Operations and Strategy
Ashley Gold Expands Phase IV Drilling After Encouraging Tak Project Results
Positive
Sep 29, 2026
Ashley 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-gra...
Business Operations and Strategy
Ashley Gold Hits Best-Ever High-Grade Intercept at Tak Project Step-Out
Positive
Sep 28, 2026
Ashley 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 high...
Business Operations and Strategy
Ashley Gold Strikes Best-Ever Intercept in Tak Project Step-Out Hole
Positive
Sep 25, 2026
Ashley 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 ...
Business Operations and Strategy
Ashley Gold Extends 67Z Strike with Bulk-Tonnage Gold Hit in Phase III Drilling
Positive
Sep 23, 2026
Ashley 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 ste...
Business Operations and Strategy
Ashley Gold Widens 67Z Zone With Phase II Tak Drill Assays
Positive
Sep 22, 2026
Ashley 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 t...
Business Operations and Strategy
Ashley Gold Ramps Up Tak Drilling and Launches LiDAR Survey to Refine Exploration
Positive
Sep 17, 2026
Ashley 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 dri...
Business Operations and Strategy
Ashley Gold Confirms Continuity of Gold Mineralization Between 67Z and D99Z at Tak Property
Positive
Sep 8, 2026
Ashley 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 0.5...
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
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.