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Harvest Gold (HVG) AI Stock Analysis
Harvest Gold
(TSXV:HVG)
The score is driven primarily by weak financial performance (no revenue and ongoing cash burn), only partly mitigated by a debt-free balance sheet and higher equity. Technicals further weigh on the score, with the stock trading below all major moving averages and negative MACD. Valuation provides limited support because the negative P/E is tied to continued losses and there is no dividend yield.
Harvest Gold (HVG) vs. iShares MSCI Canada ETF (EWC)
- Market Cap
- CAD 4.48M
- Dividend Yield
- ―
- Average Volume (3M)
- 93.54K
- Price to Earnings (P/E)
- -3.2
- Beta (1Y)
- 1.54
- Revenue Growth
- ―
- EPS Growth
- 82.89%
- Country
- Canada
- Employees
- 0
- Sector
- General
- Sector Strength
- 55
- Industry
- Gold
Harvest Gold Business Overview & Revenue Model
Company Description
Harvest Gold Corporation operates as an exploration-stage enterprise, concentrating its efforts on discovering, evaluating, and advancing natural resource properties. The company primarily targets copper-gold porphyry deposits. Harvest Gold possesses...
How the Company Makes Money
Harvest Gold’s business model is primarily exploration-stage: it generally does not generate recurring operating revenue from product sales unless and until it successfully develops a mine or monetizes a discovery. As an exploration company, it typic...
Harvest Gold Financial Statement Overview
Summary
Financials reflect an exploration-stage profile: no revenue and ongoing operating losses (TTM EBIT about -$1.06M) alongside persistent operating and free-cash-flow burn (TTM OCF about -$1.04M; TTM FCF about -$1.24M). The balance sheet partially offsets this with zero debt and positive/increasing equity (TTM equity about $6.30M), reducing near-term solvency risk but not resolving the funding dependence.
Income Statement
18Very NegativeBalance Sheet
62PositiveCash Flow
22Negative| Breakdown | TTM | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | 0 | 0 | 0 | 0 | 0 | 0 |
| EBITDA | -524.72K | 1.21M | -357.01K | -262.55K | -308.26K | -726.09K |
| Net Income | -696.23K | -696.23K | -2.63M | -464.00K | -435.00K | -594.00K |
Balance Sheet | ||||||
| Total Assets | 3.64M | 3.64M | 1.03M | 2.79M | 3.04M | 3.51M |
| Cash, Cash Equivalents and Short-Term Investments | 596.40K | 596.40K | 170.69K | 311.84K | 514.81K | 819.03K |
| Total Debt | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 196.09K | 196.09K | 290.95K | 212.48K | 79.10K | 112.90K |
| Stockholders Equity | 3.44M | 3.44M | 737.21K | 2.57M | 2.96M | 3.39M |
Cash Flow | ||||||
| Free Cash Flow | -1.31M | -2.96M | -436.69K | -335.01K | -524.88K | -2.95M |
| Operating Cash Flow | -1.10M | -1.10M | -436.69K | -225.03K | -227.28K | -665.50K |
| Investing Cash Flow | -1.86M | -1.86M | -396.69K | 22.06K | -76.94K | -2.33M |
| Financing Cash Flow | 3.39M | 3.39M | 692.23K | 0 | 0 | 2.99M |
Harvest Gold Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:HVG, the sentiment is Negative. The current price of 0.03 is below the 20-day moving average (MA) of 0.04, below the 50-day MA of 0.04, and below the 200-day MA of 0.05, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 9.57 is Positive, neither overbought nor oversold. The STOCH value of -30.56 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:HVG.
Harvest Gold Peers Comparison
Overall Rating
TSE:VGD50Neutral- TSE:HVG44Neutral
TSE:TRU42Neutral
TSE:WINS42Neutral
TSE:GCN41Neutral
TSE:EDGM40Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TSE:VGD | 50Neutral | CAD 6.13M | 2.14 | 314.44% | ― | ― | ― |
| TSE:HVG | 44Neutral | CAD 4.48M | -3.25 | -15.70% | ― | ― | 82.89% |
| TSE:TRU | 42Neutral | CAD 4.14M | -229.35 | -0.67% | ― | ― | ― |
| TSE:WINS | 42Neutral | CAD 5.21M | -1.60 | -149.04% | ― | ― | 28.81% |
| TSE:GCN | 41Neutral | CAD 2.02M | -6.41 | -51.35% | ― | ― | 25.49% |
| TSE:EDGM | 40Underperform | CAD 4.97M | -0.94 | -143.34% | ― | ― | -369.11% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TSE:HVG | Harvest Gold | 0.03 | -0.06 | -68.75% | |
| TSE:WINS | Winshear Gold Corp. | 0.07 | -0.03 | -25.00% | |
| TSE:TRU | TRU Precious Metals Corp. | 0.03 | -0.01 | -28.57% | |
| TSE:VGD | Visible Gold Mines | 0.17 | 0.04 | 34.15% | |
| TSE:GCN | Goldcliff Resource | 0.03 | -0.03 | -54.55% | |
| TSE:EDGM | Edgemont Gold Corp. | 0.18 | 0.00 | 0.00% |
Harvest Gold Corporate Events
Harvest Gold delays Mosseau drilling as talks with Lac Simon First Nation continue
NeutralHarvest Gold has delayed the start of drilling at the central area of its Mosseau property after the Lac Simon First Nation requested a pause and further discussions. The company agreed to postpone its originally preferred October 5 start date as neg...
Harvest Gold Secures 100% Ownership of Urban Barry Gold Project in Quebec
PositiveHarvest Gold Corporation has acquired full ownership of its Urban Barry Property in Quebec’s Abitibi region after meeting all cash, share and exploration expenditure commitments under an option agreement with EGR Exploration. The company now ho...
Harvest Gold Shareholders Back Board, Auditor and Stock Option Plan at AGM
PositiveHarvest Gold Corporation reported that all resolutions at its September 4 annual general meeting were approved, with more than 99% of votes cast in favour and 10.08% of outstanding common shares represented. Shareholders confirmed a five-member board...
Harvest Gold Delays Mosseau Drilling to Finalize Lac Simon First Nation Agreements
NegativeHarvest Gold has delayed the start of its second drill program at the Mosseau property in Quebec after the Lac Simon First Nation requested that drilling be postponed until two agreements under negotiation are finalized. Although the company holds al...
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.
Date of analysis: Oct 24, 2026