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Dixie Gold
(SPAR)
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Rating:43Neutral
Price Target:
C$0.17
▲(12.67% Upside)
Action:Reiterated
Date:10/20/26
The score is primarily pressured by weak financial performance (pre-revenue, ongoing losses, and continued cash burn with shrinking equity/assets). Technical signals are mixed and do not show strong positive momentum, and valuation provides limited support due to a negative P/E and no dividend yield data.
Positive Factors
Debt-Free Balance Sheet
The absence of reported debt limits interest obligations and direct leverage pressure, giving the company a cleaner capital structure than a similarly loss-making peer. This could preserve strategic flexibility if management secures funding or advances the business toward commercialization.
Negative Factors
Pre-Revenue Business
The absence of reported revenue indicates that the company has not yet reached commercial operating scale. Without an established revenue base, funding remains dependent on advancing the business before monetization, while the lack of sales limits visibility into recurring demand and future operating leverage.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-Free Balance Sheet
The absence of reported debt limits interest obligations and direct leverage pressure, giving the company a cleaner capital structure than a similarly loss-making peer. This could preserve strategic flexibility if management secures funding or advances the business toward commercialization.
Read all positive factors
Dixie Gold (SPAR) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$1.39M
Dividend YieldN/A
Average Volume (3M)19.86K
Price to Earnings (P/E)―
Beta (1Y)-1.09
Revenue GrowthN/A
EPS Growth23.69%
CountryCA
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.08
Shares Outstanding7,934,297
10 Day Avg. Volume14,355
30 Day Avg. Volume19,865
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)2.52
Price to Sales (P/S)0.00
P/FCF Ratio-1.11
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
Dixie Gold Business Overview & Revenue Model
Company Description
Spartacus Metals Inc. is an exploration and development company. Its projects include Red Lake, Preston Uranium, Isko Gold, Torp Lithium, and Phoenix Lithium. The company was founded by Ryan Kalt in 2011 and is headquartered in Vancouver, Canada....
How the Company Makes Money
null...
Dixie Gold Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
38
Negative
Cash Flow
22
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -260.48K | -382.15K | -291.00K | -87.04K | 58.96K |
| Net Income | -711.68K | -942.00K | -25.39K | -285.00K | -139.00K |
Balance Sheet | |||||
| Total Assets | 175.56K | 897.51K | 1.46M | 1.48M | 1.89M |
| Cash, Cash Equivalents and Short-Term Investments | 153.02K | 410.29K | 271.15K | 244.88K | 739.39K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 18.17K | 28.44K | 21.10K | 17.61K | 137.19K |
| Stockholders Equity | 157.39K | 869.07K | 1.44M | 1.47M | 1.75M |
Cash Flow | |||||
| Free Cash Flow | -357.27K | -260.86K | 26.27K | -494.52K | -381.69K |
| Operating Cash Flow | -265.16K | -243.97K | 49.74K | -446.94K | -171.49K |
| Investing Cash Flow | 7.90K | 83.11K | -23.47K | -47.58K | 236.08K |
| Financing Cash Flow | 0.00 | 300.00K | 0.00 | 0.00 | 0.00 |
Dixie Gold Technical Analysis
Negative
0.15
Price Trends
0.20
Negative
0.18
Positive
0.19
Negative
Market Momentum
>-0.01
Positive
40.00
Neutral
5.56
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SPAR, the sentiment is Negative. The current price of 0.15 is below the 20-day moving average (MA) of 0.21, below the 50-day MA of 0.20, and below the 200-day MA of 0.19, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 40.00 is Neutral, neither overbought nor oversold. The STOCH value of 5.56 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:SPAR.
Dixie Gold 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% | |
46 Neutral | C$1.65M | -0.74 | 143.37% | ― | ― | 58.36% | |
43 Neutral | C$1.39M | -2.14 | -155.06% | ― | ― | 23.69% | |
41 Neutral | C$1.88M | -7.50 | -45.72% | ― | ― | -439.68% | |
40 Underperform | C$1.31M | -0.74 | -179.27% | ― | ― | 71.78% |
* General Sector Average
TSE:SPAR
Dixie Gold
0.18
-0.07
-27.08%
TSE:AWR
Aurwest Resources
0.15
0.05
51.52%
TSE:FTJ
Fort St James Nickel
0.03
>-0.01
-5.71%
TSE:LEXT
Lexston Life Sciences Corp.
0.05
-0.20
-80.00%
TSE:RFLX
Freedom Battery Metals, Inc.
0.16
-0.07
-30.43%
Dixie Gold Corporate Events
Business Operations and StrategyExecutive/Board ChangesPrivate Placements and Financing
Spartacus Metals Raises $831,000 and Reshapes Board for Lithium-Focused Growth
Positive
Sep 29, 2026
Spartacus Metals Inc. has closed a non-brokered private placement of 7,914,283 units at $0.105 per unit, raising approximately $831,000 in gross proceeds. Each unit includes one common share and a three-year warrant exercisable at $0.15, with the ...
Business Operations and StrategyShareholder Meetings
Spartacus Metals Confirms Shareholder Backing at 2026 AGM
Positive
Sep 4, 2026
Spartacus Metals Inc., a Vancouver-based junior mining and exploration company listed on the TSX Venture Exchange, is engaged in mineral resource development and related activities in the metals sector. Its operations place it within the speculati...
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.