Harvest Gold (HVG) AI Stock Analysis

• Market Cap: C$3.49M
• Dividend Yield: N/A
• Average Volume (3M): 340.40K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.30
• Revenue Growth: N/A
• EPS Growth: -0.88%
• Country: CA
• Employees: N/A
• Sector: Consumer Defensive
• Sector Strength: 73
• Industry: Gold
• EPS (TTM): -0.01
• Shares Outstanding: 63,536,343
• 10 Day Avg. Volume: 139,329
• 30 Day Avg. Volume: 340,399
• PEG Ratio: <0.01
• Price to Book (P/B): 0.71
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -2.30
• 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

Harvest Gold's overall stock score of 52 reflects a challenging financial situation with no revenue and ongoing losses. However, positive technical indicators and strategic corporate events provide some optimism. The stock's unattractive valuation further limits its appeal. Improvements in financial performance and successful exploration outcomes are needed for a more favorable stock outlook.

Harvest Gold Business Overview & Revenue Model

Company Description

Harvest Gold Corporation, an exploration stage company, engages in the acquisition, exploration, and development of natural resource properties. It explores for copper-gold porphyry projects. The company holds 100% interest in the Emerson project that comprises 14 contiguous mineral claims covering an area of approximately 56 square kilometers located in British Columbia; and the Goathorn exploration project consists six contiguous mineral claims covering an area of 23 square kilometers located in British Columbia. Harvest Gold Corporation was incorporated in 2005 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Harvest Gold makes money through the sale of its bakery products to various customer segments. The company's revenue model is primarily based on direct sales to grocery stores, supermarkets, and food service providers. Additionally, HVG generates income through strategic partnerships with retail chains, enabling broader distribution and brand visibility. The company also benefits from economies of scale in production and distribution, contributing to its profitability. Key revenue streams include retail sales, wholesale contracts, and private label manufacturing for other brands.

Harvest Gold Financial Statement Overview

Summary

Harvest Gold faces significant challenges with no revenue generation and continuous net losses impacting overall profitability. While the balance sheet shows financial stability due to no debt, cash flow issues persist with negative free cash flow trends. The company must focus on revenue generation and cash flow improvement to enhance its financial health.

Income Statement

The company has reported no revenue, which is a significant concern as it affects all profitability ratios like gross profit margin and net profit margin, both of which are undefined. EBIT and EBITDA margins remain negative, showing operational losses. The absence of revenue growth further indicates stagnation in business activity.

Balance Sheet

The company exhibits a strong equity position with no debt, resulting in a debt-to-equity ratio of zero, which is favorable. However, total assets have been decreasing, and the return on equity is negative due to consistent net losses. Despite these challenges, the equity ratio remains high, reflecting financial stability.

Cash Flow

Free cash flow is negative, indicating cash outflows exceed inflows, though there is a reduction in cash burn over time. Operating cash flow to net income ratio is below 1, suggesting inefficiencies in converting income into cash. The lack of stable operating cash flow presents liquidity concerns.

Breakdown
TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
0.00	0.00	0.00	0.00	0.00	0.00
	EBIT
-130.51K	-262.99K	-194.75K	-744.10K	-392.29K	1.32M
	EBITDA
-401.81K	-262.99K	-194.75K	-744.10K	-392.29K	-246.63K
	Net Income Common Stockholders
-525.74K	-464.47K	-434.82K	-593.97K	-504.05K	-1.89M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
189.99K	311.84K	514.81K	819.03K	818.21K	137.95K
	Total Assets
3.21M	2.79M	3.04M	3.51M	1.13M	299.06K
	Total Debt
0.00	0.00	0.00	0.00	0.00	0.00
	Net Debt
-189.99K	-311.84K	-514.81K	-819.03K	-818.21K	-137.95K
	Total Liabilities
188.22K	212.48K	79.10K	112.90K	146.58K	101.64K
	Stockholders Equity
3.02M	2.57M	2.96M	3.39M	978.46K	197.41K
Cash Flow		Free Cash Flow
-966.44K	-335.01K	-524.88K	-2.95M	-490.79K	-308.34K
	Operating Cash Flow
-489.35K	―	-227.28K	-665.50K	-266.26K	-245.60K
	Investing Cash Flow
-345.05K	22.06K	-76.94K	-2.33M	-208.54K	-49.69K
	Financing Cash Flow
668.87K	0.00	0.00	2.99M	1.16M	0.00

Harvest Gold Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.06
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:HVG, the sentiment is Positive. The current price of 0.06 is above the 20-day moving average (MA) of 0.06, above the 50-day MA of 0.04, and above the 200-day MA of 0.04, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 58.24 is Neutral, neither overbought nor oversold. The STOCH value of 46.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:HVG.

Harvest Gold Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	64 Neutral	$8.75B	14.76	4.97%	174.27%	3.56%	3.44%
HVG	52 Neutral	C$3.49M	―	-18.29%	―	―	-0.88%
EDGM	42 Neutral	C$3.72M	―	-6.31%	―	―	-30.43%
QPM	40 Underperform	$3.63M	―	-258.08%	―	―	-210.29%
BMK	37 Underperform	$4.15M	―	25.02%	―	―	84.51%
MCI	24 Underperform	C$4.58M	―		―	―	―

Harvest Gold Corporate Events

Harvest Gold Secures Drill Permits for Mosseau Project in Quebec

Harvest Gold Corporation has received government approval for drill permits on its Mosseau Gold Project in Quebec’s Urban Barry Belt, marking a significant milestone in its exploration efforts. The permits allow the company to proceed with drilling in late spring/early summer, offering strategic and cost-saving benefits due to the project’s location. The approval also aligns with the company’s commitment to responsible exploration and community engagement, as it continues to work with regulatory authorities and First Nation communities.

Spark’s Take on TSE:HVG Stock

According to Spark, TipRanks’ AI Analyst, TSE:HVG is a Neutral.

Harvest Gold faces significant financial challenges with no revenue and ongoing losses. Despite these issues, technical indicators indicate some short-term momentum, bolstered by positive corporate developments like project expansion. However, the stock’s valuation remains unattractive, limiting its investment appeal. The overall score reflects these mixed factors, with a need for financial improvement to enhance its prospects.

To see Spark’s full report on TSE:HVG stock, click here.

Harvest Gold Closes $615,000 Private Placement with Crescat Capital as Lead Investor

Harvest Gold Corporation has successfully closed a non-brokered private placement, raising $615,000 by issuing 24,600,000 units at $0.025 per unit, with Crescat Capital LLC as the lead investor. The funds will be used for property exploration expenses and general working capital, including a $100,000 payment to Vior Inc. This financing, completed in a challenging market, is seen as a positive signal for Harvest Gold’s Urban Barry Belt property, indicating potential for discovery and strengthening its market position.

Spark’s Take on TSE:HVG Stock

According to Spark, TipRanks’ AI Analyst, TSE:HVG is a Neutral.

Harvest Gold is currently facing significant financial challenges with no revenue and ongoing losses. Despite this, technical indicators suggest some short-term momentum, potentially driven by positive corporate developments like project expansion. However, the stock’s valuation remains unattractive with a negative P/E ratio and no dividend yield, which limits its investment appeal at this time.

To see Spark’s full report on TSE:HVG stock, click here.

Harvest Gold Announces $615,000 Private Placement for Exploration and Development

Harvest Gold Corporation has announced a non-brokered private placement to raise up to $615,000 through the issuance of 24,600,000 units, each consisting of one common share and one share purchase warrant. The proceeds will be used for property exploration expenses, general working capital, and a property payment to Vior Inc., potentially impacting the company’s operational capabilities and market positioning.

Harvest Gold Expands Mosseau Project and Advances Permitting

Harvest Gold Corporation has announced progress in obtaining the necessary permits for its 2025 diamond drilling project at the Mosseau site in Quebec, with permits expected by mid-March. The company has expanded its project area by acquiring 23 new claims, enhancing the potential for discovery along the Kiask River Fault Zone. Additionally, Harvest Gold is working closely with First Nations communities and has engaged a land management service provider to ensure compliance and manage its claim holdings in Quebec.