Nation Gold Corp. (NATN) AI Stock Analysis

Nation Gold Corp.

(CNQX:NATN)

Select Model

Rating:40Underperform

Price Target:CAD 0.06▼(-5.00% Downside)

Action:reiterated

Date:10/15/26

The score is driven primarily by severely weak profitability and cash generation, despite a debt-free balance sheet. Weak valuation and below-trend technical conditions further limit the outlook; positive MACD and the equity cushion provide only modest offsetting support.

Positive Factors

Zero DebtA debt-free balance sheet reduces financial risk and avoids interest obligations while the company remains pre-revenue. This gives management greater flexibility to preserve cash, fund development, or respond to operating needs without immediate lender constraints.

Negative Factors

Pre-Revenue BusinessA continuing absence of revenue means the business has not yet demonstrated commercial traction or a proven monetization model. Without an established revenue base, near-term financial performance remains dependent on future project progress and the ability to convert activity into sales.

Nation Gold Corp. (NATN) vs. iShares MSCI Canada ETF (EWC)

Market Cap: CAD 979.79K
Dividend Yield: ―
Average Volume (3M): 75.33K
Price to Earnings (P/E): -2.8
Beta (1Y): 1.44
Revenue Growth: ―
EPS Growth: ―
Country: Canada
Employees: 0
Sector: Basic Materials
Sector Strength: 61
Industry: Gold

Nation Gold Corp. Business Overview & Revenue Model

Company Description

Nation Gold Corp. is involved in the identification, acquisition, and development of mineral resource properties, with a particular focus on locating gold and silver deposits. Its portfolio includes the wholly-owned Cattle Creek property. This asset,...

Nation Gold Corp. Financial Statement Overview

Summary

Very weak overall financial performance: revenue and gross profit were zero, EBIT, EBITDA, and net income were negative, and operating and free cash flow remained negative. The debt-free balance sheet and substantial equity cushion provide limited support.

Income Statement

5Very Negative

Balance Sheet

75Positive

Cash Flow

20Very Negative

Financial statement breakdown
Breakdown	TTM	Apr 2026	Apr 2025	Apr 2024	Apr 2023	Apr 2022
Income Statement
Total Revenue	0	0	0	0	0	0
Gross Profit	0	0	0	0	0	0
EBITDA	-199.38K	-505.18K	0	0	-151.65K	-225.57K
Net Income	-770.12K	-493.13K	-61.88K	-82.15K	-165.79K	-263.87K
Balance Sheet
Total Assets	5.03M	5.17M	891.48K	956.65K	1.04M	1.14M
Cash, Cash Equivalents and Short-Term Investments	1.89M	2.06M	692.74K	779.85K	857.28K	980.63K
Total Debt	0	0	0	0	0	0
Total Liabilities	116.01K	136.61K	1,052	4,339	3,198	3,675
Stockholders Equity	4.91M	5.04M	890.43K	952.31K	1.03M	1.14M
Cash Flow
Free Cash Flow	-896.90K	-735.59K	-87.11K	-77.44K	-123.34K	-559.27K
Operating Cash Flow	-455.10K	-359.22K	-65.05K	-57.53K	-106.36K	-559.27K
Investing Cash Flow	-441.80K	-376.36K	-22.07K	-19.91K	-16.98K	0
Financing Cash Flow	2.11M	2.11M	0	0	0	1.10M

Nation Gold Corp. Technical Analysis

Technical Analysis SentimentNegative

Last Price0.06

Price Trends

50DMA0.07Negative

100DMA0.10Negative

200DMA0.14Negative

Market Momentum

MACD-0.01Positive

RSI27.39Positive

STOCH38.89Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NATN, the sentiment is Negative. The current price of 0.06 is below the 20-day moving average (MA) of 0.07, below the 50-day MA of 0.07, and below the 200-day MA of 0.14, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 27.39 is Positive, neither overbought nor oversold. The STOCH value of 38.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:NATN.

Nation Gold Corp. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

TSE:NATN against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
TSE:KGC	44Neutral	CAD 2.72M	-4.81	-56.16%	―	―	-126.09%
TSE:STW	43Neutral	CAD 1.08M	-3.18	-10.56%	―	―	-655.81%
TSE:NATN	40Underperform	CAD 2.50M	-2.84	-25.30%	―	―	―
TSE:NUG	40Underperform	CAD 665.87K	-4.75	-385.66%	―	―	99.73%
TSE:LP	34Underperform	CAD 1.24M	-0.88	-68.75%	―	―	―

* Basic Materials Sector Average

Performance Comparison

TSE:NATN and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TSE:NATN	Nation Gold Corp.	0.06	-0.12	-66.67%
TSE:NUG	Nulegacy Gold Corporation	0.23	-0.21	-47.73%
TSE:BRON	Damara Gold	0.04	-0.01	-25.00%
TSE:KGC	Kestrel Gold	0.03	-0.03	-50.00%
TSE:STW	Stockworks Gold Inc.	0.06	-0.18	-75.00%
TSE:LP	Leopard Lake Gold Corp.	0.03	0.00	0.00%

Nation Gold Corp. Corporate Events

Business Operations and StrategyRegulatory Filings and Compliance

Nation Gold Accelerates Exploration and Drill Permitting at Bonito Gold-Silver Project in New Mexico

Positive

Oct 19, 2026

Nation Gold Corp. is advancing exploration and permitting at its Bonito Gold-Silver Project in New Mexico, a 100%-owned property in a historically productive Nogal-Bonito Mining District. The company is deploying geological mapping, extensive rock-ch...

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 15, 2026

Nation Gold Corp. AI Stock Analysis