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Ongold Resources Ltd (ONAU) AI Stock Analysis
Ongold Resources Ltd
(TSXV:ONAU)
The score is held down primarily by weak financial performance (pre-revenue, sizable losses, and worsening cash burn), reinforced by bearish technical signals (below key moving averages with negative MACD and low RSI/Stoch). Valuation is difficult to justify with negative earnings and no dividend yield data, offering limited support.
Ongold Resources Ltd (ONAU) vs. iShares MSCI Canada ETF (EWC)
- Market Cap
- CAD 12.70M
- Dividend Yield
- ―
- Average Volume (3M)
- 113.89K
- Price to Earnings (P/E)
- -3.1
- Beta (1Y)
- 1.28
- Revenue Growth
- ―
- EPS Growth
- 46.67%
- Country
- Canada
- Employees
- 0
- Sector
- General
- Sector Strength
- 55
- Industry
- Gold
Ongold Resources Ltd Business Overview & Revenue Model
Company Description
ONgold Resources Ltd. primarily focuses on the development of mineral exploration assets located in Northern Ontario. The firm maintains significant interests in two notable ventures: the TPK and October Gold projects. Incorporated on February 17, 20...
Ongold Resources Ltd Financial Statement Overview
Summary
Income statement and cash flow are the main drags: the company is pre-revenue with materially larger losses (net loss worsening from about -0.1M in 2023 to about -11.3M in 2024 and still about -7.6M in 2025) and accelerating operating cash burn (about -6.7M in 2025 vs. -2.6M in 2024). Balance sheet risk is partially mitigated by zero reported debt and improved equity/asset base, but continued losses imply ongoing funding needs.
Income Statement
12Very NegativeBalance Sheet
54NeutralCash Flow
22Negative| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|---|
Income Statement | ||||
| Total Revenue | 0 | 0 | 0 | 0 |
| Gross Profit | 0 | 0 | 0 | 0 |
| EBITDA | -11.79M | -8.41M | -11.27M | -149.03K |
| Net Income | -10.14M | -7.65M | -11.27M | -149.03K |
Balance Sheet | ||||
| Total Assets | 4.83M | 7.88M | 6.14M | 3.04M |
| Cash, Cash Equivalents and Short-Term Investments | 4.40M | 7.64M | 5.88M | 3,743 |
| Total Debt | 0 | 0 | 0 | 0 |
| Total Liabilities | 2.49M | 2.49M | 913.18K | 3.07M |
| Stockholders Equity | 2.35M | 5.39M | 5.23M | -29.73K |
Cash Flow | ||||
| Free Cash Flow | -8.27M | -6.73M | -2.59M | -124.87K |
| Operating Cash Flow | -8.27M | -6.73M | -2.59M | -124.87K |
| Investing Cash Flow | 0 | 0 | 2.99M | 0 |
| Financing Cash Flow | 8.53M | 8.49M | 5.47M | 3.09M |
Ongold Resources Ltd Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ONAU, the sentiment is Negative. The current price of 0.47 is below the 20-day moving average (MA) of 0.53, below the 50-day MA of 0.65, and below the 200-day MA of 0.80, indicating a bearish trend. The MACD of -0.03 indicates Negative momentum. The RSI at 35.42 is Neutral, neither overbought nor oversold. The STOCH value of 30.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:ONAU.
Ongold Resources Ltd Peers Comparison
Overall Rating
TSE:OPHR48Neutral- TSE:ONAU44Neutral
TSE:STW43Neutral
TSE:GGM42Neutral
TSE:NUG40Underperform
TSE:LP34.4Underperform
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:OPHR | 48Neutral | CAD 3.00M | -4.17 | -18.89% | ― | ― | 68.44% |
| TSE:ONAU | 44Neutral | CAD 26.77M | -3.12 | -346.25% | ― | ― | 46.67% |
| TSE:STW | 43Neutral | CAD 1.08M | -3.18 | -10.56% | ― | ― | -655.81% |
| TSE:GGM | 42Neutral | CAD 5.68M | -2.31 | 12.64% | ― | ― | ― |
| TSE:NUG | 40Underperform | CAD 665.87K | -4.75 | -385.66% | ― | ― | 99.73% |
| TSE:LP | 34Underperform | CAD 1.24M | -0.88 | -68.75% | ― | ― | ― |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TSE:ONAU | Ongold Resources Ltd | 0.47 | -0.41 | -46.59% | |
| TSE:NUG | Nulegacy Gold Corporation | 0.23 | -0.21 | -47.73% | |
| TSE:GGM | Granada Gold Mine Inc | 0.03 | -0.02 | -44.44% | |
| TSE:OPHR | Ophir Gold Corp. | 0.03 | 0.00 | 0.00% | |
| TSE:STW | Stockworks Gold Inc. | 0.06 | -0.18 | -75.00% | |
| TSE:LP | Leopard Lake Gold Corp. | 0.03 | 0.00 | 0.00% |
Ongold Resources Ltd Corporate Events
ONGold to Court Global Investors at Gentile Mining Forum in London
PositiveONGold Resources Ltd. will showcase its portfolio alongside more than 20 other Michael Gentile-backed mining companies at the inaugural Gentile Mining Investor Forum in London on October 19, 2026. The full-day event targets up to 150 investors, famil...
ONGold Targets AZ Zone at Monument Bay as Manitoba Backs Drill Program and Training
PositiveONGold Resources plans a diamond drill program of up to 2,500 metres starting in November 2026, focusing on the AZ Zone near its Monument Bay Gold Deposit in Manitoba. The zone lies within the South Limb Deformation Zone and has returned promising hi...
ONGold flags high-grade gold hits as TPK drill program readies for fall
PositiveONGold Resources has completed its 2026 Phase 1 field exploration program at the TPK Project, combining helicopter-supported mapping, prospecting, soil sampling and 32.8 line-km of ground geophysical surveys over key targets such as Gold Ridge and Di...
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 06, 2026