Go Metals (GOCO) AI Stock Analysis

• Market Cap: C$1.07M
• Dividend Yield: N/A
• Average Volume (3M): 38.07K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.11
• Revenue Growth: N/A
• EPS Growth: 93.75%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 60
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 26,660,616
• 10 Day Avg. Volume: 37,653
• 30 Day Avg. Volume: 38,073
• PEG Ratio: -0.09
• Price to Book (P/B): 1.15
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -1.48
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Go Metals' overall stock score is impacted primarily by its poor financial performance, with persistent revenue challenges and negative cash flows. While technical analysis shows some stabilization potential, and corporate events suggest a positive outlook for mineral exploration, the company's valuation remains unattractive due to ongoing losses and lack of dividends. Investors should be cautious and consider the speculative nature of this stock.

Go Metals Business Overview & Revenue Model

Company Description

Go Metals (GOCO) is a resource exploration company focused on the discovery and development of critical metals within North America. The company operates primarily in the mineral exploration sector, with a keen focus on identifying and advancing projects that contain essential metals such as copper, nickel, and cobalt. These metals are crucial for the production of batteries and renewable energy technologies, aligning Go Metals with the growing demand for sustainable and green energy solutions.

How the Company Makes Money

Go Metals makes money by engaging in the exploration and development of mineral properties. The company generates revenue through the discovery and subsequent sale or joint venture of promising mineral deposits. Key revenue streams include selling ownership stakes in successful mineral projects to larger mining companies or entering into joint ventures that provide funding for further exploration and development. Additionally, Go Metals may earn income by licensing its mineral rights or through strategic partnerships with major industry players interested in acquiring access to critical metal resources.

Go Metals Financial Statement Overview

Summary

Go Metals faces significant financial challenges characterized by a lack of revenue, persistent losses, and negative cash flows. While the company's balance sheet shows financial stability with no debt and strong equity, the inability to generate income remains a critical issue. To improve its financial position, the company needs to focus on revenue generation, cost management, and operational efficiency.

Income Statement

Go Metals has consistently reported zero revenue across all periods, leading to negative gross profits and net losses. The lack of revenue growth is a significant concern. The company's EBIT and EBITDA margins are negative, indicating ongoing operational challenges. Net profit margins also remain negative, highlighting the need for substantial improvement in revenue generation and cost management to achieve profitability.

Balance Sheet

The balance sheet shows a strong equity position with a high equity ratio, indicating financial stability. The absence of debt is a positive indicator of financial health. However, the company has not been able to leverage its equity effectively to generate income, as seen in the negative ROE. The company's asset base has grown over time, yet it has not translated into improved profitability.

Cash Flow

Go Metals has consistently reported negative free cash flow, indicating challenges in generating cash from its operations. The negative operating cash flow to net income ratio reflects operational inefficiencies. While there have been positive financing cash flows, mainly from financing activities, the operating cash flow remains a concern, impacting overall liquidity and financial flexibility.

Breakdown
TTM	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
-9.29K	-15.93K	-16.16K	-9.33K	-2.33K	0.00
	EBIT
55.30K	-1.26M	-3.47M	-603.64K	-1.07M	-622.50K
	EBITDA
-183.66K	-797.53K	-2.80M	-624.31K	-1.21M	-418.64K
	Net Income Common Stockholders
-134.85K	-815.04K	-2.82M	-731.92K	-1.23M	-608.08K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
53.38K	382.95K	2.00M	1.56M	348.08K	39.52K
	Total Assets
737.53K	1.05M	2.66M	2.20M	652.02K	296.13K
	Total Debt
0.00	1.48K	17.90K	38.99K	47.43K	36.13K
	Net Debt
-53.38K	-381.46K	-1.99M	-1.52M	-300.66K	-3.39K
	Total Liabilities
44.40K	106.03K	1.08M	418.88K	295.42K	192.99K
	Stockholders Equity
693.13K	939.52K	1.58M	1.78M	356.60K	103.14K
Cash Flow		Free Cash Flow
-541.06K	-1.69M	-2.20M	-789.76K	-999.71K	-467.99K
	Operating Cash Flow
-541.06K	-1.69M	-2.20M	-771.49K	-999.71K	-467.99K
	Investing Cash Flow
-24.57K	-23.86K	-35.27K	-28.62K	-32.59K	0.00
	Financing Cash Flow
93.00K	93.00K	2.68M	2.01M	1.34M	0.00

Go Metals Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.04
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GOCO, the sentiment is Positive. The current price of 0.04 is above the 20-day moving average (MA) of 0.03, above the 50-day MA of 0.04, and below the 200-day MA of 0.04, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 56.55 is Neutral, neither overbought nor oversold. The STOCH value of 77.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:GOCO.

Go Metals Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LUN	70 Outperform	$10.68B	25.63	2.66%	2.88%	-8.36%	-200.42%
IVN	69 Neutral	$18.68B	31.31	9.67%	―	―	137.28%
NXE	53 Neutral	$4.44B	27.25	-9.06%	―	―	-197.27%
GMA	51 Neutral	C$19.36M	―	-65.04%	―	-89.84%	-16.41%
Sector *	50 Neutral	$1.98B	-1.12	-21.33%	3.61%	1.68%	-30.56%
GOCO	32 Underperform	C$1.07M	―	-18.53%	―	―	93.75%

Go Metals Corporate Events

Go Metals Announces Drill Targets for Monster Copper Project

Go Metals has announced exploration plans for its Monster IOCG high-grade copper project in the Yukon. The company has identified three priority drill targets—Beast, Bloom, and Arena—based on extensive geological and geophysical analysis. The project, which is fully permitted until 2032, aims to explore high-grade copper and cobalt mineralization, with a 2,500-metre diamond drill program set to commence. This initiative could significantly enhance Go Metals’ position in the critical minerals market, potentially benefiting stakeholders by tapping into high-value copper and cobalt deposits.