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Graycliff Exploration
(GRAY)
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Rating:45Neutral
Price Target:
C$0.26
▼(-14.00% Downside)
Action:Reiterated
Date:09/06/26
The score is held down primarily by weak financial performance driven by a pre-revenue model, ongoing losses, and continued cash burn. Technical indicators are neutral-to-slightly positive but not strong enough to outweigh the fundamental risks, and valuation is constrained by negative earnings and no dividend yield data.
Positive Factors
Low leverage
Minimal debt relative to equity in TTM 2026 gives Graycliff a comparatively light interest and repayment burden. That preserves financial flexibility for exploration spending and reduces balance-sheet pressure while projects are being evaluated, even though the company remains early stage.
Negative Factors
Pre-revenue business model
Zero revenue across annual periods and TTM 2026 confirms that Graycliff has not yet established an operating revenue base. The company cannot rely on recurring sales to fund exploration, leaving earnings visibility and self-funded growth dependent on future project advancement.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
Minimal debt relative to equity in TTM 2026 gives Graycliff a comparatively light interest and repayment burden. That preserves financial flexibility for exploration spending and reduces balance-sheet pressure while projects are being evaluated, even though the company remains early stage.
Read all positive factors
Graycliff Exploration (GRAY) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$5.32M
Dividend YieldN/A
Average Volume (3M)55.75K
Price to Earnings (P/E)―
Beta (1Y)0.06
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. Volume55,067
30 Day Avg. Volume55,750
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...
How the Company Makes Money
Graycliff Exploration is an exploration-stage company; specific, recurring operating revenue streams are not publicly verifiable from the information provided here, so the details of how it makes money are null. In general, companies at this stage...
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
0.29
Negative
0.31
Negative
0.23
Positive
Market Momentum
>-0.01
Positive
47.00
Neutral
33.33
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 0.29, above the 50-day MA of 0.29, and above the 200-day MA of 0.23, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 47.00 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:GRAY.
Graycliff Exploration Peers Comparison
UnderperformOutperform
Sector (61)
TSE:GRAY
Graycliff Exploration
0.28
0.18
180.00%
TSE:STW
Stockworks Gold
0.10
-0.10
-49.49%
TSE:PURR
Panther Minerals
0.72
-0.08
-9.89%
TSE:METL
Metalite Resources
0.19
>-0.01
-2.56%
TSE:AUL.H
Aurelius Minerals
0.02
0.00
0.00%
Graycliff Exploration Corporate Events
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...
Business Operations and StrategyProduct-Related Announcements
Integrated Quantum’s VEIL Security Challenge Ends Without a Winner, Strengthening Tech’s Privacy Claims
Positive
Jul 23, 2026
Integrated Quantum Technologies has completed its global “Pierce the VEIL” Kaggle competition, a security challenge that invited data scientists and AI researchers to test whether its proprietary VEIL encoding system could be reversed ...
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.