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Trojan Gold, Inc.
(TGII)
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Rating:49Neutral
Price Target:
C$0.05
▲(50.00% Upside)
Action:Reiterated
Date:09/22/26
The score is held back primarily by weak financial performance: no revenue, recurring losses, and ongoing (and rising) cash burn that increases financing risk. Technical indicators are moderately supportive with price trading above major moving averages and positive momentum, but valuation remains constrained by negative earnings and the lack of a dividend.
Positive Factors
Low Financial Leverage
The very modest debt load limits fixed financial obligations and reduces immediate solvency risk. A lightly leveraged balance sheet preserves more flexibility to manage exploration spending, respond to setbacks, and seek funding without carrying substantial interest or repayment burdens.
Negative Factors
No Revenue Base
A six-year absence of revenue means the company has not yet demonstrated customer demand, commercial execution, or a repeatable operating model. Until sales begin, growth cannot be assessed through revenue trends and the business remains dependent on funding to advance its activities.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Financial Leverage
The very modest debt load limits fixed financial obligations and reduces immediate solvency risk. A lightly leveraged balance sheet preserves more flexibility to manage exploration spending, respond to setbacks, and seek funding without carrying substantial interest or repayment burdens.
Read all positive factors
Trojan Gold, Inc. (TGII) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$2.21M
Dividend YieldN/A
Average Volume (3M)18.27K
Price to Earnings (P/E)―
Beta (1Y)1.52
Revenue GrowthN/A
EPS Growth-169.23%
CountryCA
Employees2
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding49,155,273
10 Day Avg. Volume27,768
30 Day Avg. Volume18,272
Financial Highlights & Ratios
PEG Ratio-0.09
Price to Book (P/B)2.33
Price to Sales (P/S)0.00
P/FCF Ratio-4.58
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
Trojan Gold, Inc. Business Overview & Revenue Model
Company Description
Trojan Gold Inc. is a junior exploration firm focused on securing, exploring, and advancing properties rich in precious metals within Canada and the Dominican Republic. Its primary asset is a 50% ownership stake in the Hemlo South property, which ...
How the Company Makes Money
null...
Trojan Gold, Inc. Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
22
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 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -187.47K | -163.66K | -122.00K | -479.78K | -482.56K | -266.90K |
| Net Income | -187.47K | -231.72K | -122.00K | -479.78K | -468.80K | -170.66K |
Balance Sheet | ||||||
| Total Assets | 1.25M | 1.22M | 1.31M | 734.82K | 1.01M | 1.39M |
| Cash, Cash Equivalents and Short-Term Investments | 207.13K | 194.24K | 283.42K | 345.00 | 299.30K | 790.47K |
| Total Debt | 13.00K | 13.00K | 178.00K | 5.00K | 5.00K | 5.00K |
| Total Liabilities | 697.44K | 534.58K | 520.31K | 299.56K | 101.60K | 51.70K |
| Stockholders Equity | 549.31K | 686.64K | 785.77K | 435.25K | 908.03K | 1.34M |
Cash Flow | ||||||
| Free Cash Flow | -253.87K | -349.01K | -169.09K | -104.27K | -521.96K | -410.36K |
| Operating Cash Flow | -253.87K | -349.01K | -161.21K | -88.79K | -364.85K | -359.69K |
| Investing Cash Flow | -2.55K | 0.00 | -7.88K | -15.48K | -157.11K | -50.67K |
| Financing Cash Flow | 269.31K | 163.59K | 355.92K | 94.05K | 30.79K | 595.89K |
Trojan Gold, Inc. Technical Analysis
Positive
0.03
Price Trends
0.03
Positive
0.03
Positive
0.04
Positive
Market Momentum
<0.01
Positive
54.41
Neutral
77.78
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:TGII, the sentiment is Positive. The current price of 0.03 is below the 20-day moving average (MA) of 0.04, below the 50-day MA of 0.03, and below the 200-day MA of 0.04, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 54.41 is Neutral, neither overbought nor oversold. The STOCH value of 77.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:TGII.
Trojan Gold, Inc. Peers Comparison
UnderperformOutperform
Sector (61)
TSE:TGII
Trojan Gold, Inc.
0.04
0.00
0.00%
TSE:AVG
Avidian Gold Corp
0.13
<0.01
8.70%
TSE:AIS
AIS Resources
0.13
0.10
293.94%
TSE:EGR
EGR Exploration
0.03
0.00
0.00%
TSE:AORO
Aloro Mining
0.02
>-0.01
-25.00%
TSE:ADP
Adelphi Metals Inc.
0.13
0.05
62.50%
Trojan Gold, Inc. Corporate Events
Business Operations and StrategyExecutive/Board ChangesM&A Transactions
Trojan Gold Names New CEO as It Advances Tashota-Strike Copper Deal
Positive
Aug 9, 2026
Trojan Gold Inc. has appointed director Jason Bagg as its new chief executive officer, succeeding Charles Elbourne, who will remain on the board to support a smooth transition as part of the company’s succession planning. The board expects t...
Business Operations and StrategyExecutive/Board ChangesM&A Transactions
Trojan Gold Shifts Leadership as It Advances Three-Way Mining Merger
Positive
Aug 7, 2026
Trojan Gold Inc. has announced a leadership transition, with director Jason Bagg stepping in as Chief Executive Officer while former CEO Charles Elbourne remains on the board to support continuity as the company advances its proposed business comb...
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.