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Ongold Resources Ltd
(ONAU)
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Rating:44Neutral
Price Target:
C$0.46
▼(-25.25% Downside)
Action:Reiterated
Date:10/06/26
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.
Positive Factors
Zero Debt
Reported total debt is zero across all periods, reducing interest burden and leverage-related financial risk. This gives the company more flexibility to direct available capital toward exploration and project advancement, although it does not remove the need to fund ongoing losses.
Negative Factors
Pre-Revenue Model
Revenue and gross profit remain zero across the periods provided, leaving no operating revenue base to absorb exploration and corporate costs. Until commercialization or asset monetization begins, the business has limited demonstrated earnings visibility and remains dependent on external funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Zero Debt
Reported total debt is zero across all periods, reducing interest burden and leverage-related financial risk. This gives the company more flexibility to direct available capital toward exploration and project advancement, although it does not remove the need to fund ongoing losses.
Read all positive factors
Ongold Resources Ltd (ONAU) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$26.77M
Dividend YieldN/A
Average Volume (3M)105.07K
Price to Earnings (P/E)―
Beta (1Y)1.28
Revenue GrowthN/A
EPS Growth46.67%
CountryCA
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryGold
Share Statistics
EPS (TTM)-0.15
Shares Outstanding56,956,814
10 Day Avg. Volume54,102
30 Day Avg. Volume105,070
Financial Highlights & Ratios
PEG Ratio0.25
Price to Book (P/B)12.22
Price to Sales (P/S)0.00
P/FCF Ratio-9.80
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
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,...
Ongold Resources Ltd Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
54
Neutral
Cash Flow
22
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|---|
Income Statement | ||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 | 3.74K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 | 0.00 | 0.00 | 2.99M | 0.00 |
| Financing Cash Flow | 8.53M | 8.49M | 5.47M | 3.09M |
Ongold Resources Ltd Technical Analysis
Negative
0.61
Price Trends
0.65
Negative
0.60
Negative
0.80
Negative
Market Momentum
-0.03
Negative
35.42
Neutral
30.56
Neutral
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 0.61 is above 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
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% | |
50 Neutral | C$3.00M | -4.17 | -18.29% | ― | ― | 69.36% | |
44 Neutral | C$26.77M | -3.12 | -346.25% | ― | ― | 46.67% | |
43 Neutral | C$1.08M | -3.18 | -10.56% | ― | ― | -655.81% | |
42 Neutral | C$665.87K | -4.75 | -385.66% | ― | ― | 99.73% | |
42 Neutral | C$5.68M | -2.31 | 12.64% | 14.10% | ― | ― | |
34 Underperform | C$1.24M | -0.88 | -68.75% | ― | ― | ― |
* General Sector Average
TSE:ONAU
Ongold Resources Ltd
0.47
-0.41
-46.59%
TSE:NUG
NuLegacy Gold
0.23
-0.21
-47.73%
TSE:GGM
Granada Gold Mine Inc
0.03
-0.02
-44.44%
TSE:OPHR
Ophir Gold
0.03
0.00
0.00%
TSE:STW
Stockworks Gold
0.06
-0.18
-75.00%
TSE:LP
Leopard Lake Gold Corp.
0.03
0.00
0.00%
Ongold Resources Ltd Corporate Events
Business Operations and Strategy
ONGold to Court Global Investors at Gentile Mining Forum in London
Positive
Sep 18, 2026
ONGold 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, fa...
Business Operations and Strategy
ONGold Targets AZ Zone at Monument Bay as Manitoba Backs Drill Program and Training
Positive
Sep 16, 2026
ONGold 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...
Business Operations and Strategy
ONGold flags high-grade gold hits as TPK drill program readies for fall
Positive
Aug 24, 2026
ONGold 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...
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.