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Golden Arrow Resources
(GRG)
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Rating:45Neutral
Price Target:
C$0.09
▼(-15.45% Downside)
Action:Reiterated
Date:10/30/26
The score is primarily held back by weak financial performance (pre-revenue status, ongoing losses, and negative operating/free cash flow), despite low debt. Technical indicators are neutral-to-soft in the near term, and valuation is difficult to support with a negative P/E and no dividend yield.
Positive Factors
Minimal leverage
The absence of current debt reduces solvency pressure and avoids interest obligations while the company advances its exploration activities. This gives management more flexibility than a similarly loss-making issuer with material leverage, although it does not eliminate the need to fund ongoing cash burn.
Negative Factors
Pre-revenue business
The absence of operating revenue means exploration spending is not currently supported by a recurring commercial cash inflow. This leaves financial performance dependent on funding and project progress, making the path to sustainable profitability uncertain over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Minimal leverage
The absence of current debt reduces solvency pressure and avoids interest obligations while the company advances its exploration activities. This gives management more flexibility than a similarly loss-making issuer with material leverage, although it does not eliminate the need to fund ongoing cash burn.
Read all positive factors
Golden Arrow Resources (GRG) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$17.81M
Dividend YieldN/A
Average Volume (3M)60.74K
Price to Earnings (P/E)―
Beta (1Y)1.28
Revenue GrowthN/A
EPS Growth88.35%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.02
Shares Outstanding169,666,600
10 Day Avg. Volume96,368
30 Day Avg. Volume60,742
Financial Highlights & Ratios
PEG Ratio0.12
Price to Book (P/B)2.14
Price to Sales (P/S)0.00
P/FCF Ratio-2.26
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)C$237.19M
Golden Arrow Resources Business Overview & Revenue Model
Company Description
GRG Resources Corp. is a natural resource company, which engages in the acquisition, exploration, and development of mineral properties. It operates through the following geographical segments: Canada, Argentina, and Chile. The company was founded...
How the Company Makes Money
Golden Arrow Resources does not have sufficient publicly available information (in the context provided) to describe a specific, current operating revenue model or recurring revenue streams with detail. null...
Golden Arrow Resources Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
48
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -155.82K | -93.54K | -38.18K | -122.54K | -121.55K | -126.69K |
| EBITDA | -4.92M | -1.39M | -8.55M | -7.70M | -5.89M | -6.67M |
| Net Income | -3.51M | -1.16M | -8.37M | -5.82M | -6.05M | -6.05M |
Balance Sheet | ||||||
| Total Assets | 6.85M | 8.04M | 6.72M | 6.51M | 11.44M | 17.24M |
| Cash, Cash Equivalents and Short-Term Investments | 1.60M | 2.93M | 868.62K | 115.80K | 6.23M | 16.03M |
| Total Debt | 0.00 | 0.00 | 0.00 | 190.77K | 427.46K | 346.88K |
| Total Liabilities | 786.34K | 929.91K | 1.25M | 935.64K | 1.01M | 734.13K |
| Stockholders Equity | 4.38M | 5.47M | 5.47M | 5.57M | 10.43M | 16.50M |
Cash Flow | ||||||
| Free Cash Flow | -4.98M | -5.19M | -3.75M | -7.60M | -9.76M | -5.54M |
| Operating Cash Flow | -4.60M | -4.99M | -3.57M | -7.59M | -5.52M | -5.28M |
| Investing Cash Flow | 4.47M | 3.89M | -18.11K | 6.45M | 5.36M | -89.33K |
| Financing Cash Flow | 183.83K | 450.00K | 4.34M | 649.63K | -143.76K | -332.01K |
Golden Arrow Resources Technical Analysis
Positive
0.11
Price Trends
0.10
Positive
0.10
Positive
0.09
Positive
Market Momentum
>-0.01
Negative
52.73
Neutral
77.78
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GRG, the sentiment is Positive. The current price of 0.11 is above the 20-day moving average (MA) of 0.10, above the 50-day MA of 0.10, and above the 200-day MA of 0.09, indicating a bullish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 52.73 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:GRG.
Golden Arrow Resources 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$13.94M | -9.48 | -28.93% | ― | ― | -317.86% | |
51 Neutral | C$20.96M | -11.65 | -783.73% | ― | ― | -111.50% | |
51 Neutral | C$3.87M | -1.49 | -56.10% | ― | ― | 22.13% | |
45 Neutral | C$17.81M | -4.90 | -66.51% | ― | ― | 88.35% | |
42 Neutral | C$1.73M | -0.39 | -63.82% | ― | ― | 30.00% | |
33 Underperform | C$5.76M | -8.55 | -6.29% | ― | ― | -234.00% |
* Basic Materials Sector Average
TSE:GRG
Golden Arrow Resources
0.10
0.04
58.33%
TSE:BTT
Bitterroot Resources
0.11
0.02
25.00%
TSE:BVA
Bravada Gold
0.68
0.28
70.00%
TSE:CBI
Colibri Resource
0.11
-0.05
-30.32%
TSE:PRIZ
Prismo Metals Inc.
0.02
-0.10
-83.33%
TSE:SUR
Surface Metals
0.12
-0.14
-53.85%
Golden Arrow Resources Corporate Events
Business Operations and Strategy
GRG Resources Begins First Drill Program at Atakama Gold Project in Chile
Positive
Oct 28, 2026
GRG Resources has launched its first diamond drilling campaign at the Atakama Gold Project in Chile, with an initial plan for up to 4,000 metres of drilling split between the flagship Paula target and three additional priority areas. The program f...
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
GRG Resources Sells Filo Sur Royalty for $13 Million to Fund South American Exploration
Positive
Oct 26, 2026
GRG Resources Corp., formerly Golden Arrow Resources, is a mineral exploration company focused on discovering and advancing precious and base metal deposits in Chile and Argentina. Operating within the Grosso Group, it leverages joint ventures, ro...
Business Operations and Strategy
GRG Resources Hires Marketing Firms to Boost Investor and Market Visibility
Positive
Oct 8, 2026
GRG Resources has engaged two independent marketing firms to strengthen its investor relations and digital visibility as it continues to advance its South American mineral exploration projects. The company’s initiatives reflect a strategic p...
Business Operations and Strategy
GRG Resources Rebrands from Golden Arrow Without Altering Shareholder Rights
Positive
Oct 8, 2026
GRG Resources Corp. has formally changed its corporate name from Golden Arrow Resources Corporation, retaining its existing stock symbols on the TSX Venture Exchange and OTCQB while adopting new CUSIP and ISIN identifiers. Management positions the...
Business Operations and StrategyRegulatory Filings and Compliance
Golden Arrow Hires DCWL Media for One-Time Promotional Campaign
Positive
Oct 7, 2026
Golden Arrow Resources has engaged DCWL Media Ventures, owned by David Lin, to create one-time promotional materials for the company for a fee of $10,000 plus taxes. The arrangement, which involves no equity-based compensation, performance factors...
Business Operations and StrategyM&A TransactionsShareholder Meetings
Golden Arrow Closes US$25 Million Sale of San Pietro Copper Assets to Capstone
Positive
Aug 31, 2026
Golden Arrow Resources has completed the sale of its copper assets at the San Pietro Project in Chile to Capstone Copper Corp., following shareholder approval earlier in August. Through a joint venture entity, the company and its partner received ...
Business Operations and StrategyM&A TransactionsShareholder Meetings
Golden Arrow Shareholders Back Sale of San Pietro Copper Assets to Capstone
Positive
Aug 24, 2026
Golden Arrow Resources shareholders have overwhelmingly approved the sale of the company’s copper assets at the San Pietro Copper-Gold-Iron Cobalt project to Capstone Copper Corp. and a Capstone subsidiary. The special resolution passed with...
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.