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Monumental Gold
(MNRG)
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Rating:43Neutral
Price Target:
C$0.07
▼(-32.00% Downside)
Action:Upgraded
Date:10/20/26
The score is primarily held down by weak financial performance: no revenue, material ongoing losses, and consistently negative operating/free cash flow indicate elevated funding and execution risk. Technicals are also weak with negative MACD and the stock trading below key moving averages, though deeply oversold RSI/Stoch slightly temper the downside view. Valuation is constrained by a negative P/E (loss-making) and no dividend yield data to provide support.
Positive Factors
Debt-Free Balance Sheet
The absence of debt limits interest obligations and refinancing exposure, giving Monumental Gold more flexibility while it advances exploration. Although the company remains loss-making, a clean leverage profile can preserve strategic options and reduce the severity of financial stress during development periods.
Negative Factors
No Revenue Generation
Zero revenue means Monumental Gold has not yet demonstrated a commercial operating base capable of funding its activities. Without top-line traction, progress depends on exploration outcomes and access to capital, making the company’s financial profile highly sensitive to execution and development success.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-Free Balance Sheet
The absence of debt limits interest obligations and refinancing exposure, giving Monumental Gold more flexibility while it advances exploration. Although the company remains loss-making, a clean leverage profile can preserve strategic options and reduce the severity of financial stress during development periods.
Read all positive factors
Monumental Gold (MNRG) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$7.89M
Dividend YieldN/A
Average Volume (3M)84.88K
Price to Earnings (P/E)―
Beta (1Y)-2.08
Revenue GrowthN/A
EPS Growth27.99%
CountryCA
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.06
Shares Outstanding112,709,530
10 Day Avg. Volume133,884
30 Day Avg. Volume84,876
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)3.60
Price to Sales (P/S)0.00
P/FCF Ratio-2.95
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
Monumental Gold Business Overview & Revenue Model
Company Description
Monumental Energy Corp. is an early-stage Vancouver, Canada-based company, founded in 2020, primarily focused on the identification and development of mineral properties within Chile. The firm's core exploration efforts are directed toward discove...
Monumental Gold Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
44
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | 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 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -1.36M | -1.21M | -1.41M | -1.13M | -2.02M | -1.08M |
| Net Income | -3.97M | -4.71M | -3.72M | -1.12M | -2.44M | -1.08M |
Balance Sheet | ||||||
| Total Assets | 4.00M | 1.11M | 5.16M | 8.61M | 6.36M | 951.26K |
| Cash, Cash Equivalents and Short-Term Investments | 2.99M | 417.58K | 2.42M | 3.15M | 3.06M | 554.50K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 198.77K | 182.62K | 214.19K | 146.75K | 122.99K | 49.06K |
| Stockholders Equity | 3.80M | 923.28K | 4.95M | 8.46M | 6.23M | 902.20K |
Cash Flow | ||||||
| Free Cash Flow | -267.84K | -1.13M | -1.36M | -1.07M | -1.65M | -649.61K |
| Operating Cash Flow | -744.38K | -1.13M | -1.11M | -871.64K | -1.43M | -629.61K |
| Investing Cash Flow | -434.94K | -648.00K | -781.35K | -2.07M | -710.23K | -241.75K |
| Financing Cash Flow | 3.56M | 554.26K | 0.00 | 3.03M | 4.65M | 1.06M |
Monumental Gold Technical Analysis
Negative
0.10
Price Trends
0.08
Negative
0.08
Negative
0.08
Negative
Market Momentum
>-0.01
Negative
42.82
Neutral
66.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MNRG, the sentiment is Negative. The current price of 0.1 is above the 20-day moving average (MA) of 0.07, above the 50-day MA of 0.08, and above the 200-day MA of 0.08, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 42.82 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:MNRG.
Monumental Gold Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | C$6.09M | -20.69 | -18.09% | ― | ― | ― | |
45 Neutral | C$21.48M | -1.03 | -3311.26% | ― | ― | -229.81% | |
45 Neutral | C$19.55M | -12.25 | -1497.93% | ― | ― | -254.78% | |
43 Neutral | C$7.89M | -1.17 | -213.49% | ― | ― | 27.99% | |
42 Neutral | C$4.84M | -2.19 | -147.06% | ― | ― | -1857.14% |
* General Sector Average
TSE:MNRG
Monumental Gold
0.07
0.03
55.56%
TSE:NEV
Nevada Sunrise Gold
0.03
-0.01
-25.00%
TSE:WBGD
Waraba Gold Limited
0.39
0.25
175.00%
TSE:NSJ
NSJ Gold
0.50
0.35
233.33%
TSE:ASHL
Ashley Gold Corp.
0.06
-0.01
-14.29%
Monumental Gold Corporate Events
Business Operations and StrategyProduct-Related Announcements
Monumental Energy to Join Maata Oil Field Venture and Launch Crude Stabilizer in Taranaki
Positive
Oct 14, 2026
Monumental Energy plans to acquire an ownership stake in the Maata oil field in New Zealand’s onshore Taranaki Basin, partnering with Jetex Energy, New Zealand Energy Corp. and 3TCF Limited. The Maata-1 prospect targets the Mount Messenger s...
Business Operations and Strategy
Monumental Energy Targets Major New Zealand Gas Prospects, Boosts Investor Outreach
Positive
Sep 29, 2026
Monumental Energy has completed reinterpretation of data on the Mauku block within its Tirua application area in New Zealand’s Taranaki Basin and selected an onshore target that could access both the Mauku NE and deeper Mangatoa gas condensa...
Business Operations and StrategyPrivate Placements and Financing
Monumental Energy Raises Working Capital via Private Placement Financing
Positive
Sep 4, 2026
Monumental Energy Corp. has closed a non-brokered private placement of 620,000 units at CAD$0.09 per unit, raising gross proceeds of CAD$55,800, with each unit comprising one common share and a two-year warrant exercisable at CAD$0.15. The securit...
Business Operations and StrategyDelistings and Listing Changes
Monumental Energy Engages ITG as Market Maker to Boost Share Liquidity
Positive
Aug 25, 2026
Monumental Energy has secured TSX Venture Exchange approval to appoint Independent Trading Group as its market maker, a move aimed at improving liquidity and maintaining a more orderly market in the company’s common shares across the TSXV an...
Business Operations and Strategy
Monumental Energy Secures Majority Stake in New Zealand Tirua Point Bid
Positive
Aug 18, 2026
Monumental Energy Corp. has advanced its New Zealand growth strategy as its application for petroleum exploration permit PEP61554 in the Tirua Point area of the Taranaki Basin has been accepted by New Zealand Petroleum Minerals. The permit, now s...
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.