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NV Gold (NVX) AI Stock Analysis

TSE:NVX

NV Gold

(TSXV:NVX)

Select Model
Rating:46Neutral
Price Target:CAD 1.50â–²(66.67% Upside)
Action:reiterated
Date:09/29/26

The overall score reflects a highly speculative gold exploration company with no revenue, persistent losses, and negative cash flows, only partially mitigated by a low-leverage balance sheet, combined with a sharply appreciated, technically overbought share price and a valuation grounded in negative earnings and no dividend, which together point to elevated risk and limited fundamental support for the current price.

Positive Factors
Debt-free balance sheetThe absence of TTM debt reduces interest obligations and near-term refinancing pressure, while the sizable equity base provides some financial capacity for exploration. This gives NV Gold more flexibility than a similarly unprofitable explorer carrying substantial leverage.
Negative Factors
No meaningful revenueThe absence of meaningful revenue leaves NV Gold without a demonstrated operating income stream to fund exploration and corporate costs. Until projects generate transaction proceeds, royalties, or production revenue, financial performance remains dependent on asset monetization and external capital.

NV Gold (NVX) vs. iShares MSCI Canada ETF (EWC)

-100%0%100%200%300%400%500%600%700%TSE:NVX+400.00%EWC+21.27%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
CAD 29.16M
Dividend Yield
―
Average Volume (3M)
36.16K
Price to Earnings (P/E)
-10.4
Beta (1Y)
-0.66
Revenue Growth
―
EPS Growth
-123.20%
Country
Canada
Employees
0
Sector
General
Sector Strength
55
Industry
Gold

NV Gold Business Overview & Revenue Model

Company Description

NV Gold Corporation identifies, acquires, and explores for mineral properties in the United States of America and Switzerland. The company explores for gold, and precious metal deposits. NV Gold Corporation is based in Vancouver, Canada.

How the Company Makes Money

NV Gold is an exploration-stage company; specific, recurring operating revenue streams are not publicly identifiable from the information available here, so detailed revenue figures or named commercial partnerships cannot be provided (null). In gener...

NV Gold Financial Statement Overview

Summary

Financial performance is very weak: NV Gold has no revenue, recurring net losses around $1.6 million TTM, and persistently negative operating and free cash flows, partly offset by a largely unlevered balance sheet funded mostly by shareholders’ equity.

Income Statement

8Very Negative

Balance Sheet

40Negative

Cash Flow

18Very Negative
Financial statement breakdown
BreakdownTTMNov 2025Aug 2024Nov 2023Nov 2022Nov 2021
Income Statement
Total Revenue0000201.43K153.00K
Gross Profit00-56.33K-119.36K00
EBITDA-1.59M-1.38M-472.69K-1.11M-877.32K-1.81M
Net Income-1.59M-1.42M-584.42K-2.74M-1.25M-5.55M
Balance Sheet
Total Assets4.58M3.10M3.60M3.68M5.49M6.69M
Cash, Cash Equivalents and Short-Term Investments1.11M41.16K31.20K56.81K1.29M3.51M
Total Debt0194.12K601.38K323.48K00
Total Liabilities111.91K325.58K740.09K364.54K65.50K181.03K
Stockholders Equity4.47M2.78M2.86M3.31M5.42M6.51M
Cash Flow
Free Cash Flow-500.18K-201.08K-269.55K-1.99M-2.16M-3.49M
Operating Cash Flow-368.08K-201.08K-41.71K-915.86K-457.95K-1.29M
Investing Cash Flow-763.93K-378.04K-227.84K-1.06M-1.74M-2.16M
Financing Cash Flow2.23M589.07K243.94K742.15K-11.94K3.62M

NV Gold Technical Analysis

Technical Analysis SentimentNeutral
Last Price0.90

Price Trends

50DMA0.92Negative
100DMA0.61Positive
200DMA0.44Positive

Market Momentum

MACD-0.00Positive
RSI39.55Neutral
STOCH27.64Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NVX, the sentiment is Neutral. The current price of 0.90 is below the 20-day moving average (MA) of 1.14, below the 50-day MA of 0.92, and above the 200-day MA of 0.44, indicating a neutral trend. The MACD of -0.00 indicates Positive momentum. The RSI at 39.55 is Neutral, neither overbought nor oversold. The STOCH value of 27.64 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:NVX.

NV Gold Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

TSE:NVX 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:NVXTSE:NVX46NeutralCAD 29.16M-10.39-41.73%――-123.20%
TSE:FGTSE:FG45NeutralCAD 1.83M-1.1862.66%――-1.59%
TSE:ARQTSE:ARQ44NeutralCAD 6.58M-9.98-76.35%―-32.20%-311.67%
TSE:GCNTSE:GCN41NeutralCAD 2.02M-6.41-51.35%――25.49%
TSE:XIMTSE:XIM38UnderperformCAD 2.30M-0.9082.95%――30.55%

* General Sector Average

Performance Comparison

0%200%400%600%TSE:NVXTSE:ARQTSE:FGTSE:XIMTSE:GCNDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
TSE:NVX and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TSE:NVXNV Gold0.900.73414.29%
TSE:ARQArgo Gold0.090.0238.46%
TSE:FGFalcon Gold0.03-0.01-31.82%
TSE:XIMXimen Mining0.04-0.06-57.89%
TSE:GCNGoldcliff Resource0.03-0.03-54.55%

NV Gold Corporate Events

Business Operations and StrategyPrivate Placements and Financing

NV Gold Raises $1.4 Million in Two-Tranche Private Placement to Advance Nevada Exploration

Positive
Sep 25, 2026

NV Gold Corporation has closed the final tranche of its non-brokered private placement, issuing 1,740,948 units at $0.40 each for gross proceeds of about $696,000. Combined with the first tranche completed in August, the financing totals approximatel...

Business Operations and Strategy

NV Gold Uncovers New Awakening Gold Zone at Slumber Project

Positive
Sep 24, 2026

NV Gold has identified a significant new gold zone, dubbed the Awakening Zone, at its Slumber Gold Project roughly 2 kilometers northeast of the previously drilled Slumber Zone. The new zone lies across the boundary between existing claims and recent...

Business Operations and StrategyPrivate Placements and Financing

NV Gold Closes First Tranche of Private Placement to Fund Nevada Drilling

Positive
Aug 31, 2026

NV Gold Corporation has closed the first tranche of a non-brokered private placement, issuing 1,759,052 units at $0.40 per unit for gross proceeds of about $703,621, with each unit comprising one common share and half of a warrant exercisable at $0.8...

Business Operations and Strategy

NV Gold launches major 2026 drill program at Nevada’s Slumber Gold Project

Positive
Aug 26, 2026

NV Gold Corporation has launched its 2026 drill program at the 100%-controlled Slumber Gold Project in Humboldt County, Nevada, marking the start of what it calls its busiest exploration year. The campaign follows the acquisition of several hundred a...

Business Operations and StrategyExecutive/Board Changes

NV Gold Grants Stock Options to Key Personnel Ahead of Active Exploration Year

Positive
Aug 17, 2026

NV Gold Corporation has granted 575,000 stock options to certain directors, officers and consultants at an exercise price of $0.60 per share for a five-year term under its stock option plan, subject to regulatory approval. The awards refresh equity-b...

Business Operations and StrategyPrivate Placements and Financing

NV Gold Launches C$1.4 Million Private Placement to Fund Nevada Exploration

Positive
Aug 11, 2026

NV Gold Corporation has launched a non-brokered private placement to raise up to C$1.4 million through the issuance of up to 3.5 million units priced at C$0.40, each comprising one common share and half a transferable warrant exercisable at C$0.80 fo...

Business Operations and Strategy

NV Gold Expands Slumber Holdings and Launches Major Drill Program in Nevada

Positive
Aug 6, 2026

NV Gold Corporation has expanded its land position and advanced exploration plans at its 100%-owned Slumber Gold Project in Humboldt County, Nevada. The company completed a mining and exploration lease over roughly 1,500 acres of adjacent private lan...

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: Sep 29, 2026