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Monumental Gold (MNRG) AI Stock Analysis

TSE:MNRG

Monumental Gold

(TSXV:MNRG)

Select Model
Rating:39Underperform
Price Target:CAD 0.07â–¼(-5.71% Downside)
Action:reiterated
Date:10/20/26

The score is driven primarily by severe financial weakness, including no revenue, ongoing losses, and sustained cash burn. Bearish technical indicators and the absence of valuation support further reduce the score, while the debt-free balance sheet provides only limited mitigation.

Positive Factors
Debt-free balance sheetThe absence of debt limits interest obligations and refinancing exposure, giving Monumental Gold greater flexibility while it advances exploration. A clean leverage profile can also preserve access to future financing options, although it does not by itself resolve the company’s need to fund ongoing losses.
Negative Factors
No demonstrated revenue basePersistent zero revenue means Monumental Gold has not yet demonstrated commercial traction or a recurring operating base. Without sales, the company cannot internally fund exploration through operating receipts, leaving future value dependent on project progress, financing, and eventual conversion of targets into economic resources.

Monumental Gold (MNRG) vs. iShares MSCI Canada ETF (EWC)

-50%0%50%100%150%200%250%300%TSE:MNRG+75.00%EWC+21.27%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
CAD 7.89M
Dividend Yield
―
Average Volume (3M)
82.41K
Price to Earnings (P/E)
-1.2
Beta (1Y)
-2.08
Revenue Growth
―
EPS Growth
27.99%
Country
Canada
Employees
0
Sector
General
Sector Strength
55
Industry
Industrial Materials

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 discoverin...

Monumental Gold Financial Statement Overview

Summary

Financial performance is severely weak: the company is pre-revenue, has persistent losses, negative operating and free cash flow, and relies on external financing. A debt-free balance sheet and positive equity provide limited support.

Income Statement

8Very Negative

Balance Sheet

55Neutral

Cash Flow

20Very Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue000000
Gross Profit000000
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 Assets4.00M1.11M5.16M8.61M6.36M951.26K
Cash, Cash Equivalents and Short-Term Investments2.99M417.58K2.42M3.15M3.06M554.50K
Total Debt000000
Total Liabilities198.77K182.62K214.19K146.75K122.99K49.06K
Stockholders Equity3.80M923.28K4.95M8.46M6.23M902.20K
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 Flow3.56M554.26K03.03M4.65M1.06M

Monumental Gold Technical Analysis

Technical Analysis SentimentNegative
Last Price0.07

Price Trends

50DMA0.08Negative
100DMA0.08Negative
200DMA0.08Negative

Market Momentum

MACD-0.00Negative
RSI42.82Neutral
STOCH66.67Neutral

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 0.07 is below the 20-day moving average (MA) of 0.07, below the 50-day MA of 0.08, and below the 200-day MA of 0.08, indicating a bearish trend. The MACD of -0.00 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

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

TSE:MNRG against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
TSE:ASHLTSE:ASHL48NeutralCAD 6.09M-20.69-18.09%―――
TSE:NSJTSE:NSJ45NeutralCAD 19.55M-12.25-1497.93%――-254.78%
TSE:WBGDTSE:WBGD44NeutralCAD 21.48M-1.03-3311.26%――-229.81%
TSE:NEVTSE:NEV40UnderperformCAD 4.84M-2.19-147.06%――-1857.14%
TSE:MNRGTSE:MNRG39UnderperformCAD 7.89M-1.17-213.49%――27.99%

* General Sector Average

Performance Comparison

0%200%400%TSE:MNRGTSE:NEVTSE:WBGDTSE:NSJTSE:ASHLDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
TSE:MNRG and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TSE:MNRGMonumental Gold Corp.0.070.0355.56%
TSE:NEVNevada Sunrise Gold0.03-0.01-25.00%
TSE:WBGDWaraba Gold Limited0.390.24175.00%
TSE:NSJNsj Gold Corp.0.500.35233.33%
TSE:ASHLAshley 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 sand...

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 condensate...

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 securities...

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 and o...

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...

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.

Date of analysis: Oct 20, 2026