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Scorpio Gold
(SGN)
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Rating:50Neutral
Price Target:
C$0.38
▲(5.56% Upside)
Action:Reiterated
Date:08/29/26
The score is held down primarily by weak financial performance—minimal revenue base, ongoing operating losses, and persistent negative operating/free cash flow—despite an improved, low-leverage balance sheet. Technical indicators provide a moderate offset with improving shorter-term trend and positive MACD, while valuation appears reasonable on P/E but is less compelling given questions about earnings quality and no dividend support.
Positive Factors
Low Leverage and Rebuilt Equity
Current leverage is a meaningful resilience factor: no TTM debt and minimal 2025 debt-to-equity reduce interest burden and refinancing exposure. Rebuilt equity also gives Scorpio more flexibility to advance projects or withstand periods without operating revenue.
Negative Factors
Minimal Revenue and Negative Gross Profit
Effectively zero revenue means the company currently lacks a meaningful operating sales base to fund corporate activities or project investment. Negative gross profit further indicates that any present operations are not generating an economic contribution before broader operating expenses.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage and Rebuilt Equity
Current leverage is a meaningful resilience factor: no TTM debt and minimal 2025 debt-to-equity reduce interest burden and refinancing exposure. Rebuilt equity also gives Scorpio more flexibility to advance projects or withstand periods without operating revenue.
Read all positive factors
Scorpio Gold (SGN) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$131.54M
Dividend YieldN/A
Average Volume (3M)909.79K
Price to Earnings (P/E)17.9
Beta (1Y)3.25
Revenue GrowthN/A
EPS GrowthN/A
CountryCA
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryGold
Share Statistics
EPS (TTM)0.01
Shares Outstanding346,164,180
10 Day Avg. Volume2,254,711
30 Day Avg. Volume909,792
Financial Highlights & Ratios
PEG Ratio-0.16
Price to Book (P/B)2.76
Price to Sales (P/S)0.00
P/FCF Ratio-4.65
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
Scorpio Gold Business Overview & Revenue Model
Company Description
Scorpio Gold Corporation, along with its associated companies, operates within the United States, focusing on the identification, extraction, and advancement of mineral resources. The firm primarily concentrates its efforts on prospecting for gold...
How the Company Makes Money
Scorpio Gold’s primary economic model is to create value from gold mineral properties through exploration and, when in operation, gold production. When mining operations are active, the company generates revenue mainly from the sale of produced pr...
Scorpio Gold Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
16
Very Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.24M |
| Gross Profit | -205.88K | -318.66K | -316.61K | 0.00 | 0.00 | -1.79M |
| EBITDA | -6.65M | -5.87M | -4.36M | -2.20M | -2.95M | -3.42M |
| Net Income | 2.38M | 3.11M | -15.25M | -2.27M | -2.21M | -4.68M |
Balance Sheet | ||||||
| Total Assets | 23.95M | 22.19M | 17.13M | 14.69M | 14.45M | 13.79M |
| Cash, Cash Equivalents and Short-Term Investments | 2.58M | 8.34M | 0.00 | 294.85K | 331.90K | 278.98K |
| Total Debt | 0.00 | 507.60K | 1.02M | 4.47M | 3.05M | 450.00K |
| Total Liabilities | 3.08M | 2.87M | 16.78M | 11.92M | 9.62M | 7.33M |
| Stockholders Equity | 20.87M | 19.32M | 349.09K | 2.77M | 4.83M | 6.46M |
Cash Flow | ||||||
| Free Cash Flow | -8.98M | -11.46M | -5.45M | -1.51M | -2.55M | -4.27M |
| Operating Cash Flow | -4.01M | -5.29M | -4.36M | -1.44M | -1.69M | -2.60M |
| Investing Cash Flow | -6.08M | -331.47K | -2.30M | 130.52K | -687.56K | -1.72M |
| Financing Cash Flow | 12.22M | 13.79M | 6.37M | 1.27M | 2.43M | 450.00K |
Scorpio Gold Technical Analysis
Positive
0.36
Price Trends
0.30
Positive
0.32
Positive
0.36
Positive
Market Momentum
0.03
Negative
56.04
Neutral
34.34
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SGN, the sentiment is Positive. The current price of 0.36 is above the 20-day moving average (MA) of 0.35, above the 50-day MA of 0.30, and above the 200-day MA of 0.36, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 56.04 is Neutral, neither overbought nor oversold. The STOCH value of 34.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:SGN.
Scorpio Gold Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
56 Neutral | C$236.21M | -14.44 | -38.04% | ― | ― | -35.45% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | C$138.31M | -79.49 | -5.12% | ― | ― | 87.43% | |
53 Neutral | C$71.51M | -7.77 | -48.06% | ― | ― | 0.24% | |
50 Neutral | C$131.54M | 17.95 | 11.95% | ― | ― | ― | |
46 Neutral | C$92.51M | -21.84 | -20.85% | ― | ― | 13.27% |
* General Sector Average
TSE:SGN
Scorpio Gold
0.38
-0.12
-24.00%
TSE:ECR
Cartier Resources
0.31
0.14
82.35%
TSE:GWM
Galway Metals
0.66
0.00
0.00%
TSE:BLLG
Blue Lagoon Resources
0.64
0.00
0.00%
TSE:AE
American Eagle Gold
1.17
0.64
120.75%
Scorpio Gold Corporate Events
Business Operations and StrategyDelistings and Listing Changes
Scorpio Gold Wins NASDAQ Listing as It Targets U.S. Investors and Expands Marketing Push
Positive
Aug 27, 2026
Scorpio Gold has secured approval to list its American Depositary Shares on the NASDAQ Capital Market under the symbol SGLD, with trading set to begin September 1, 2026, while its common shares will continue to trade in Canada, also under SGLD. Th...
Business Operations and Strategy
Scorpio Gold Extends High-Grade Mineralization at Nevada’s Manhattan Project
Positive
Aug 10, 2026
Scorpio Gold reported strong assay results from four step-out drill holes at its Manhattan District Project in Nevada, highlighted by hole 26MN-109 at the Goldwedge target, which intersected 3.38 g/t gold over 33.31 metres within volcanic and sedi...
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.