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Goldsky Resources
(GSKR)
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Rating:44Neutral
Price Target:
C$3.00
▼(-14.29% Downside)
Action:N/A
Date:09/24/26
The score is held down primarily by very weak financial performance (no revenue, rapidly widening losses, and ongoing cash burn). Technicals are also soft with the stock trading below major moving averages and a slightly negative MACD. Valuation is not supportive due to negative earnings (negative P/E) and no dividend yield data.
Positive Factors
Very Low Leverage
The extremely low debt burden limits leverage-related pressure and indicates that reported operations are not heavily dependent on borrowing. This provides a more conservative financial structure than the loss profile alone would suggest, although it does not offset the lack of earnings.
Negative Factors
No Recorded Revenue
The absence of recorded revenue indicates that the company has not yet demonstrated a functioning revenue-generating operation. Without sales, there is no established base from which to fund expenses internally, validate demand, or achieve operating leverage over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Very Low Leverage
The extremely low debt burden limits leverage-related pressure and indicates that reported operations are not heavily dependent on borrowing. This provides a more conservative financial structure than the loss profile alone would suggest, although it does not offset the lack of earnings.
Read all positive factors
Goldsky Resources (GSKR) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$806.64M
Dividend YieldN/A
Average Volume (3M)415.77K
Price to Earnings (P/E)―
Beta (1Y)1.45
Revenue GrowthN/A
EPS Growth-2.18%
CountryCA
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.33
Shares Outstanding267,099,240
10 Day Avg. Volume728,732
30 Day Avg. Volume415,766
Financial Highlights & Ratios
PEG Ratio-0.08
Price to Book (P/B)0.93
Price to Sales (P/S)0.00
P/FCF Ratio-7.05
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$6.25Price Target Upside78.57% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.2
Revenue Forecast (FY)N/A
Goldsky Resources Business Overview & Revenue Model
Company Description
Goldsky Resources Corp. operates as a junior exploration firm, actively acquiring, exploring, and developing mineral properties across Sweden and Finland. The company focuses on discovering deposits of various metals, including iron ore, gold, sil...
Goldsky Resources Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
66
Positive
Cash Flow
12
Very Negative
| Breakdown | TTM | Mar 2026 | 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 | -54.80K | 0.00 | -448.43K | 0.00 | 0.00 | 0.00 |
| EBITDA | -50.04M | -28.64M | -10.05M | -1.83M | -1.66M | -3.13M |
| Net Income | -48.37M | -28.24M | -10.86M | -1.83M | -1.67M | -3.14M |
Balance Sheet | ||||||
| Total Assets | 430.45M | 178.03M | 26.54M | 503.10K | 1.33M | 395.73K |
| Cash, Cash Equivalents and Short-Term Investments | 56.36M | 84.38M | 9.57M | 128.24K | 1.25M | 284.20K |
| Total Debt | 342.09K | 395.44K | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 2.58M | 4.82M | 3.34M | 458.19K | 132.50K | 35.30K |
| Stockholders Equity | 427.87M | 173.21M | 23.20M | 44.91K | 1.20M | 360.43K |
Cash Flow | ||||||
| Free Cash Flow | -22.50M | -22.92M | -6.81M | -1.51M | -1.53M | -2.00M |
| Operating Cash Flow | -22.50M | -22.92M | -6.81M | -1.51M | -1.53M | -2.00M |
| Investing Cash Flow | -28.98M | -188.05K | -86.92K | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | 105.19M | 97.92M | 16.34M | 384.28K | 2.50M | 2.12M |
Goldsky Resources Technical Analysis
Negative
3.50
Price Trends
3.38
Negative
3.45
Negative
3.37
Negative
Market Momentum
-0.09
Positive
37.49
Neutral
15.53
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GSKR, the sentiment is Negative. The current price of 3.5 is above the 20-day moving average (MA) of 3.28, above the 50-day MA of 3.38, and above the 200-day MA of 3.37, indicating a bearish trend. The MACD of -0.09 indicates Positive momentum. The RSI at 37.49 is Neutral, neither overbought nor oversold. The STOCH value of 15.53 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:GSKR.
Goldsky Resources Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
58 Neutral | C$232.19M | -38.19 | -3.37% | ― | ― | -106.53% | |
57 Neutral | C$219.20M | -12.82 | -55.99% | ― | ― | -55.72% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | C$231.43M | -4.10 | -59.97% | ― | ― | -335.86% | |
46 Neutral | C$140.13M | -18.65 | -15.57% | ― | ― | -5.17% | |
46 Neutral | C$145.57M | -6.01 | -69.66% | ― | ― | -0.41% | |
44 Neutral | C$806.64M | -9.20 | -24.17% | ― | ― | -2.18% |
* General Sector Average
TSE:GSKR
Goldsky Resources
3.00
0.96
47.06%
TSE:CKG
Chesapeake Gold
2.87
0.77
36.67%
TSE:FTZ
Norseman Capital
0.44
0.11
33.85%
TSE:OCG
Outcrop Gold Corp
0.29
-0.08
-20.55%
TSE:SCOT
Scottie Resources Corp
2.71
1.06
64.24%
TSE:AGMR
Silver Mountain Resources, Inc. Class A
3.33
0.29
9.54%
Goldsky Resources Corporate Events
Business Operations and Strategy
Goldsky Resources Begins Major Drill Program at Sweden’s Barsele Gold Project
Positive
Sep 22, 2026
Goldsky Resources has launched a 25,000‑meter diamond drilling program at its 100%‑owned Barsele Gold Project in Sweden, marking its first major campaign at the site under sole ownership. The initiative targets the Skiråsen, Centr...
Business Operations and StrategyPrivate Placements and Financing
Goldsky Resources to Pay Advisory Fee with Shares After Securing Full Control of Barsele
Positive
Sep 18, 2026
Goldsky Resources plans to issue 1,166,130 common shares to Haywood Securities as partial payment of a financial advisory fee related to Goldsky’s consolidation of full ownership of the Barsele gold project in Sweden. The shares, priced at a...
Business Operations and StrategyDelistings and Listing Changes
Goldsky Resources Added to VanEck Junior Gold Miners ETF After Nordic Portfolio Expansion
Positive
Sep 16, 2026
Goldsky Resources has been added to the VanEck Junior Gold Miners ETF, known as GDXJ, following the fund’s semi‑annual review and index rebalance. The move comes after Goldsky’s consolidation of full ownership of the Barsele proj...
Business Operations and StrategyFinancial DisclosuresM&A TransactionsShareholder Meetings
Goldsky Resources Expands Nordic Portfolio and Advances Barsele, Rajapalot Projects in Q2 2026
Positive
Aug 31, 2026
Goldsky Resources reported Q2 2026 unaudited results showing a cash balance of about C$56.4 million after a C$28.5 million cash payment to complete the acquisition of the Barsele Gold Project, which helped lift total assets to roughly C$430.4 mill...
Business Operations and StrategyExecutive/Board Changes
Goldsky Strengthens Nordic Stakeholder Strategy with Senior Communications Hire
Positive
Aug 26, 2026
Goldsky Resources has appointed Carl Danielsson as Manager of Communications and Public Affairs for Goldsky Sweden AB, effective 1 October 2026, to support the next stage of growth and stakeholder engagement. Danielsson brings nearly two decades o...
Business Operations and Strategy
Goldsky Starts Metallurgical Test Program at Barsele Ahead of Maiden PEA
Positive
Aug 5, 2026
Goldsky Resources has begun metallurgical test work on 345kg of composite samples from the Central and Avan zones of its Barsele gold project in Sweden, sending material to Alfred Knight in the U.K. The program, spanning crusher comminution, Bond ...
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.