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GoldSpot Discoveries
(SPOT)
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Rating:61Neutral
Price Target:
C$0.33
▲(3.75% Upside)
Action:Reiterated
Date:08/27/26
The score is held back primarily by weak operating quality and negative cash flow despite a strong, low-debt balance sheet. Technically, the setup is mildly constructive (positive MACD and above shorter-term averages) but with near-term overbought risk. A very low P/E supports the score, though the sustainability of earnings is uncertain given negative operating profit.
Positive Factors
Low Leverage
Minimal debt reduces refinancing and interest burdens, preserving financial flexibility for technology development, client delivery, and exploration interests while limiting balance-sheet risk during uneven operating periods.
Negative Factors
Persistent Cash Burn
Repeated operating and free-cash-flow deficits show that reported earnings have not consistently converted into cash, increasing reliance on reserves or future financing and limiting the company’s ability to fund growth internally.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Minimal debt reduces refinancing and interest burdens, preserving financial flexibility for technology development, client delivery, and exploration interests while limiting balance-sheet risk during uneven operating periods.
Read all positive factors
GoldSpot Discoveries (SPOT) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$45.85M
Dividend YieldN/A
Average Volume (3M)111.81K
Price to Earnings (P/E)1.5
Beta (1Y)1.44
Revenue Growth53.53%
EPS GrowthN/A
CountryCA
Employees32
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)0.22
Shares Outstanding141,082,430
10 Day Avg. Volume76,225
30 Day Avg. Volume111,809
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.65
Price to Sales (P/S)4.75
P/FCF Ratio-31.93
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
GoldSpot Discoveries Business Overview & Revenue Model
Company Description
EarthLabs Inc., based in Toronto, Canada, is a technology services provider primarily serving the mineral exploration industry. The company's operations are divided into two distinct segments: Exploration Technology and Financial Technology. The E...
How the Company Makes Money
GoldSpot primarily makes money by providing technology-enabled mineral targeting and exploration services to mining and mineral exploration clients. Revenue is generated through client contracts for services such as data compilation and integratio...
GoldSpot Discoveries Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
82
Very Positive
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.04M | 9.89M | 7.52M | 1.93M | -6.84M | 16.12M |
| Gross Profit | 11.70M | 9.55M | 7.00M | 686.28K | -8.01M | 15.82M |
| EBITDA | 19.30M | -6.29M | -5.55M | -17.43M | -24.19M | 3.13M |
| Net Income | 29.94M | 33.99M | -6.19M | -16.62M | -6.85M | 11.04M |
Balance Sheet | ||||||
| Total Assets | 84.87M | 85.47M | 44.93M | 49.25M | 63.27M | 73.13M |
| Cash, Cash Equivalents and Short-Term Investments | 78.72M | 79.34M | 38.82M | 42.46M | 49.37M | 49.73M |
| Total Debt | 185.69K | 889.55K | 1.76M | 2.14M | 139.51K | 226.74K |
| Total Liabilities | 11.00M | 13.41M | 7.11M | 5.59M | 5.18M | 12.11M |
| Stockholders Equity | 73.87M | 72.05M | 37.83M | 43.66M | 58.10M | 61.02M |
Cash Flow | ||||||
| Free Cash Flow | -2.01M | -1.47M | -3.25M | -17.67M | 18.65M | -10.74M |
| Operating Cash Flow | -1.96M | -1.43M | -3.15M | -17.24M | 18.66M | -9.44M |
| Investing Cash Flow | -49.79K | -45.31K | -96.02K | -2.94M | 206.11K | -8.39M |
| Financing Cash Flow | -558.34K | -832.66K | -198.38K | 56.30K | -74.22K | 19.91M |
GoldSpot Discoveries Technical Analysis
Positive
0.32
Price Trends
0.29
Positive
0.31
Positive
0.34
Negative
Market Momentum
0.01
Negative
57.25
Neutral
66.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SPOT, the sentiment is Positive. The current price of 0.32 is above the 20-day moving average (MA) of 0.31, above the 50-day MA of 0.29, and below the 200-day MA of 0.34, indicating a neutral trend. The MACD of 0.01 indicates Negative momentum. The RSI at 57.25 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:SPOT.
GoldSpot Discoveries Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | C$45.85M | 1.48 | 42.45% | ― | 53.53% | ― | |
48 Neutral | C$104.58M | -0.57 | -58.44% | ― | -3.81% | -275.71% | |
47 Neutral | C$5.17M | -6.52 | 191.65% | ― | 12.49% | 30.43% | |
44 Neutral | C$3.23M | -1.42 | 17.72% | ― | -17.49% | -40.49% | |
43 Neutral | C$4.58M | -0.22 | -532.72% | ― | 15.20% | 18.72% |
* Technology Sector Average
TSE:SPOT
GoldSpot Discoveries
0.33
0.12
54.76%
TSE:KNR
Kontrol Technologies
2.50
0.00
0.00%
TSE:VIS
Visionstate
0.02
>-0.01
-25.00%
TSE:DM
Datametrex AI
0.03
-0.06
-64.71%
TSE:DCSI
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1.30
-1.36
-51.13%
GoldSpot Discoveries Corporate Events
Business Operations and StrategyFinancial Disclosures
EarthLabs Q2 Results Highlight Operating Growth Amid Lower Investment Gains
Positive
Aug 25, 2026
EarthLabs reported strong growth in its operating revenues for the second quarter of 2026, with advertising and sponsorships up 61.7% and subscription revenue rising 11.8% year over year. Despite a sharp decline in net investment gains versus the ...
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.