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Graycliff Exploration
(GRAY)
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Rating:42Neutral
Price Target:
C$0.18
▼(-40.67% Downside)
Action:Reiterated
Date:10/15/26
The score is held down primarily by weak financial performance (pre-revenue operations, ongoing losses, and sustained cash burn) and bearish technicals (below all major moving averages with negative MACD). A low-debt balance sheet and oversold momentum readings provide only limited offset given the lack of profitability and negative cash flow.
Positive Factors
Low Leverage
Minimal debt reduces immediate financial pressure and leaves more flexibility than a highly leveraged balance sheet would provide. This supports continued exploration activity and lowers interest-related strain, although the benefit remains moderated by the company’s need for external financing.
Negative Factors
Pre-Revenue Profile
The absence of revenue means Graycliff has not yet demonstrated commercial production or a recurring operating income stream. Persistent losses therefore leave financial performance dependent on exploration progress and future funding, making earnings quality and medium-term visibility structurally weak.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Minimal debt reduces immediate financial pressure and leaves more flexibility than a highly leveraged balance sheet would provide. This supports continued exploration activity and lowers interest-related strain, although the benefit remains moderated by the company’s need for external financing.
Read all positive factors
Graycliff Exploration (GRAY) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$3.51M
Dividend YieldN/A
Average Volume (3M)72.27K
Price to Earnings (P/E)―
Beta (1Y)0.08
Revenue GrowthN/A
EPS Growth-77.01%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.09
Shares Outstanding18,999,596
10 Day Avg. Volume89,019
30 Day Avg. Volume72,268
Financial Highlights & Ratios
PEG Ratio0.37
Price to Book (P/B)-1.13
Price to Sales (P/S)0.00
P/FCF Ratio-104.62
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
Graycliff Exploration Business Overview & Revenue Model
Company Description
Graycliff Exploration Limited is a Canadian enterprise dedicated to sourcing, evaluating, advancing, and ultimately extracting natural resources. The firm's exploration efforts primarily target gold and other valuable metallic minerals. Its princi...
Graycliff Exploration Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
38
Negative
Cash Flow
14
Very Negative
| Breakdown | TTM | Dec 2025 | Mar 2025 | 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 | -17.45K | -17.45K | -10.18K | 0.00 |
| EBITDA | -947.15K | -244.90K | -261.12K | -507.59K | -2.25M | -4.84M |
| Net Income | -904.58K | -206.22K | -225.75K | -744.99K | -2.26M | -4.81M |
Balance Sheet | ||||||
| Total Assets | 266.96K | 8.70K | 58.34K | 111.14K | 591.61K | 2.18M |
| Cash, Cash Equivalents and Short-Term Investments | 230.01K | 2.98K | 9.29K | 38.03K | 347.60K | 1.59M |
| Total Debt | 357.00 | 297.86K | 77.90K | 69.62K | 82.34K | 0.00 |
| Total Liabilities | 40.98K | 593.82K | 437.24K | 264.29K | 119.77K | 63.45K |
| Stockholders Equity | 225.98K | -585.12K | -378.90K | -153.15K | 471.83K | 2.11M |
Cash Flow | ||||||
| Free Cash Flow | -1.05M | -6.31K | -53.75K | -285.32K | -1.80M | -3.29M |
| Operating Cash Flow | -1.05M | -6.31K | -53.75K | -285.32K | -1.80M | -3.29M |
| Investing Cash Flow | 0.00 | 0.00 | 25.00K | 307.31K | 445.54K | -752.85K |
| Financing Cash Flow | 1.28M | 0.00 | 0.00 | -24.24K | 557.14K | 3.86M |
Graycliff Exploration Technical Analysis
Negative
0.30
Price Trends
0.27
Negative
0.30
Negative
0.24
Negative
Market Momentum
-0.03
Positive
35.97
Neutral
25.93
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GRAY, the sentiment is Negative. The current price of 0.3 is above the 20-day moving average (MA) of 0.24, above the 50-day MA of 0.27, and above the 200-day MA of 0.24, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 35.97 is Neutral, neither overbought nor oversold. The STOCH value of 25.93 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:GRAY.
Graycliff Exploration Peers Comparison
UnderperformOutperform
Sector (61)
TSE:GRAY
Graycliff Exploration
0.19
0.11
131.25%
TSE:STW
Stockworks Gold
0.07
-0.11
-61.11%
TSE:PURR
Panther Minerals
0.60
0.12
25.00%
TSE:METL
Metalite Resources
0.12
-0.03
-20.00%
TSE:AUL.H
Aurelius Minerals
0.02
0.00
0.00%
Graycliff Exploration Corporate Events
Business Operations and StrategyExecutive/Board Changes
Graycliff Exploration Reshapes Governance and Grants New Stock Options
Positive
Oct 13, 2026
Graycliff Exploration has appointed Stephanie Mark as corporate secretary, effective October 9, 2026, succeeding Wafae Benbouazza, and disclosed that its chairman position has been vacated. Mark brings broad corporate governance and public company...
Business Operations and Strategy
Graycliff Advances Shakespeare Drilling and Grants New Stock Options
Positive
Sep 23, 2026
Graycliff Exploration reported progress on its 2026 drilling campaign at its 100%-owned Shakespeare gold project near Sudbury, with five additional core holes completed since late August and core logging and sampling up to date. The latest work ta...
Business Operations and Strategy
Graycliff Advances Drilling and Metallurgical Work at Shakespeare Gold Project
Positive
Aug 25, 2026
Graycliff Exploration has provided an operational update on its ongoing drilling campaign at the wholly owned Shakespeare gold project near Sudbury, Ontario. The company has completed two new drill holes in this phase, one large-diameter HQ metall...
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.