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Greenheart Gold Inc.
(GHRT)
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Rating:43Neutral
Price Target:
C$0.70
▼(-33.81% Downside)
Action:Reiterated
Date:10/08/26
The score is weighed down primarily by weak financial performance (no revenue, widening losses, and sustained cash burn), with technicals also showing a pressured longer-term trend (price below key moving averages and negative MACD). The main mitigating factor is the debt-free balance sheet and increased equity base, which provides financial flexibility despite ongoing losses.
Positive Factors
Debt-free balance sheet
Zero debt across all reported periods lowers fixed financial obligations and reduces balance-sheet risk. That conservative funding structure preserves flexibility to direct available capital toward exploration and development while avoiding refinancing pressure associated with leverage.
Negative Factors
No revenue and negative gross profit
No revenue and persistently negative gross profit indicate that the business has not yet established an operating revenue base or positive unit economics. Until commercial activity develops, the company lacks internally generated earnings to fund operations and support sustainable profitability.
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Positive Factors
Negative Factors
Debt-free balance sheet
Zero debt across all reported periods lowers fixed financial obligations and reduces balance-sheet risk. That conservative funding structure preserves flexibility to direct available capital toward exploration and development while avoiding refinancing pressure associated with leverage.
Read all positive factors
Greenheart Gold Inc. (GHRT) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$137.25M
Dividend YieldN/A
Average Volume (3M)96.64K
Price to Earnings (P/E)―
Beta (1Y)1.95
Revenue GrowthN/A
EPS Growth-42.18%
CountryCA
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryGold
Share Statistics
EPS (TTM)-0.13
Shares Outstanding214,451,370
10 Day Avg. Volume76,913
30 Day Avg. Volume96,639
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)4.42
Price to Sales (P/S)0.00
P/FCF Ratio-10.03
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
Greenheart Gold Inc. Business Overview & Revenue Model
Company Description
Greenheart Gold Inc. is an exploration company dedicated to identifying gold opportunities across the Guiana Shield in South America. Its principal undertaking involves the exploration of the Majorodam Project, located within Suriname. The firm wa...
How the Company Makes Money
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Greenheart Gold Inc. Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
22
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 |
|---|---|---|---|
Income Statement | |||
| Total Revenue | 0.00 | 0.00 | 0.00 |
| Gross Profit | -158.92K | -141.08K | -64.31K |
| EBITDA | -21.39M | -16.95M | -4.24M |
| Net Income | -20.44M | -18.18M | -4.30M |
Balance Sheet | |||
| Total Assets | 83.70M | 32.72M | 48.07M |
| Cash, Cash Equivalents and Short-Term Investments | 80.36M | 30.00M | 46.43M |
| Total Debt | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 2.23M | 2.12M | 926.69K |
| Stockholders Equity | 81.47M | 30.60M | 47.14M |
Cash Flow | |||
| Free Cash Flow | -18.05M | -13.48M | -2.62M |
| Operating Cash Flow | -17.13M | -13.17M | -2.50M |
| Investing Cash Flow | -1.20M | -2.60M | -190.15K |
| Financing Cash Flow | 59.02M | 212.25K | 49.12M |
Greenheart Gold Inc. Technical Analysis
Negative
1.05
Price Trends
0.77
Negative
0.89
Negative
0.91
Negative
Market Momentum
-0.03
Negative
48.22
Neutral
51.18
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GHRT, the sentiment is Negative. The current price of 1.05 is above the 20-day moving average (MA) of 0.71, above the 50-day MA of 0.77, and above the 200-day MA of 0.91, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 48.22 is Neutral, neither overbought nor oversold. The STOCH value of 51.18 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:GHRT.
Greenheart Gold Inc. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | C$105.49M | -17.91 | -13.11% | ― | ― | -198.41% | |
52 Neutral | C$171.09M | -44.45 | -5.89% | ― | ― | -55.56% | |
44 Neutral | C$152.29M | -30.46 | -3.94% | ― | ― | -79.59% | |
43 Neutral | C$137.25M | -5.74 | -46.33% | ― | ― | -42.18% | |
42 Neutral | C$157.39M | -4.85 | -116.78% | ― | ― | -50.16% | |
40 Underperform | C$81.22M | -3.27 | 1459.01% | ― | 702525.37% | -10.56% |
* General Sector Average
TSE:GHRT
Greenheart Gold Inc.
0.72
-0.49
-40.50%
TSE:ABI
Abcourt Mines
0.07
-0.03
-31.58%
TSE:CCM
Canagold Resources
0.71
0.24
51.06%
TSE:AGC
Valorem Resources
0.45
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-27.42%
TSE:SPA
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0.27
0.08
43.24%
TSE:FMAN
Freeman Gold Corp
0.34
0.07
24.07%
Greenheart Gold Inc. Corporate Events
Business Operations and Strategy
Greenheart Gold Starts Diamond Drilling at Tosso Creek After Strong Trench Results
Positive
Aug 20, 2026
Greenheart Gold has launched a 2,000‑metre diamond drilling program at its Tosso Creek Project in Suriname, starting at the Walaba target and moving to the Swalanga target to test structural controls and continuity of gold mineralization at ...
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.