Waraba Gold Limited (WBGD) AI Stock Analysis

• Market Cap: C$2.44M
• Dividend Yield: N/A
• Average Volume (3M): 50.40K
• Price to Earnings (P/E): ―
• Beta (1Y): -4.21
• Revenue Growth: N/A
• EPS Growth: 42.36%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 67
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 162,403,340
• 10 Day Avg. Volume: 60,200
• 30 Day Avg. Volume: 50,396
• PEG Ratio: -0.14
• Price to Book (P/B): 6.01
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -1.48
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 28 Underperform
• Price Target: ―

Waraba Gold Limited faces significant financial challenges with no revenue and persistent losses, severely impacting its stock score. While technical indicators provide a slightly neutral outlook, and corporate events show potential for future growth, the overall financial distress overshadows these aspects, leading to a low score.

Waraba Gold Limited Business Overview & Revenue Model

Company Description

Waraba Gold Limited acquires and evaluates gold properties in Mali, West Africa. Its flagship prospective gold exploration project is the Fokolore project located in West Mali. The company was formerly known as Zenith Exploration Inc. and changed its name to Waraba Gold Limited in October 2020. Waraba Gold Limited was incorporated in 2015 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Waraba Gold Limited generates revenue primarily through the exploration, development, and eventual production of gold from its mining properties. The company invests in early-stage exploration projects with the potential for high-grade gold deposits. Once a viable resource is identified, Waraba Gold advances the project through feasibility studies, permitting, and ultimately, to production. Revenue streams are generated from the sale of extracted gold, either through direct sales or long-term supply agreements with refiners and other buyers. Strategic partnerships with local mining companies and international investors may also provide financial and operational support, contributing to the company's earnings.

Waraba Gold Limited Financial Statement Overview

Summary

Waraba Gold Limited's financial performance is concerning due to zero revenue, persistent losses, and negative cash flows. Despite having no debt, the reliance on external financing highlights liquidity issues, and the deteriorating equity ratio raises sustainability concerns.

Income Statement

Waraba Gold Limited has consistently reported zero revenue over the periods analyzed, indicating a lack of sales or operational income. The company shows significant net losses, with negative EBIT and EBITDA margins, reflecting poor profitability and operational challenges.

Balance Sheet

The company has a relatively low debt level, with a debt-to-equity ratio of 0 due to no reported debt. However, the equity has been decreasing, and the equity ratio has deteriorated over time. The absence of revenue generation poses significant risks to the financial stability of the company.

Cash Flow

Waraba Gold Limited has negative operating and free cash flows, indicating cash outflow issues. There is no growth in free cash flow, and the operating cash flow to net income ratio is negative. The company relies on financing activities to support its cash needs.

Breakdown
TTM	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
-55.58K	-68.55K	-76.45K	-74.85K	-4.79K	0.00
	EBIT
-1.38M	-1.51M	-1.17M	-2.53M	-13.38M	-116.14K
	EBITDA
-1.33M	-1.42M	-1.15M	-2.46M	-13.23M	-104.37K
	Net Income Common Stockholders
-1.27M	-1.31M	-1.11M	-2.31M	-14.03M	-100.84K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
176.30K	434.19K	561.17K	648.46K	3.04M	106.79K
	Total Assets
274.18K	533.91K	748.51K	896.18K	3.30M	540.55K
	Total Debt
0.00	0.00	0.00	177.14K	344.27K	0.00
	Net Debt
-176.30K	-434.19K	-561.17K	-471.32K	-2.69M	-106.79K
	Total Liabilities
492.90K	455.73K	249.95K	665.57K	539.73K	13.12K
	Stockholders Equity
519.28K	784.07K	1.03M	642.83K	2.94M	527.43K
Cash Flow		Free Cash Flow
-1.09M	-1.19M	-1.39M	-2.39M	-3.95M	-206.66K
	Operating Cash Flow
-1.09M	-1.19M	-1.37M	-2.34M	-3.70M	-156.89K
	Investing Cash Flow
0.00	0.00	-15.28K	-48.39K	-157.10K	-49.77K
	Financing Cash Flow
1.00M	1.07M	1.30M	0.00	6.81M	195.74K

Waraba Gold Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.02
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:WBGD, the sentiment is Positive. The current price of 0.02 is above the 20-day moving average (MA) of 0.01, above the 50-day MA of 0.01, and above the 200-day MA of 0.01, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 83.73 is Negative, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:WBGD.

Waraba Gold Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	51 Neutral	$2.03B	-1.13	-21.36%	3.65%	2.87%	-30.54%
SKYG	40 Underperform	C$1.65M	―	-110.55%	―	―	93.79%
NSJ	35 Underperform	C$950.36K	―	-47.52%	―	―	7.03%
GOR	34 Underperform	C$1.73M	―	76.80%	―	―	25.81%
WBGD	28 Underperform	C$2.44M	―	-313.90%	―	―	42.36%
JLRRF		$2.01M	―	-21.30%	―	―	―
LIDA		C$1.05M	―		―	―	―

Waraba Gold Limited Corporate Events

Waraba Gold Limited Corrects Release on Ivory Coast Earn-In Agreement

Waraba Gold Limited announced a correction to its previous release regarding an earn-in agreement with Somaco in Ivory Coast. The company aims to acquire up to 80% of Somaco over four years by making payments totaling $2 million and fulfilling exploration commitments worth $5 million. Somaco holds two prospective gold licenses, the Sirasso and Tengrela Licenses, which are strategically located in mineral-rich regions. This agreement positions Waraba to expand its exploration footprint in a promising area, potentially enhancing its market position.

Waraba Gold Expands in Ivory Coast Amid Mali Suspension

Waraba Gold Limited has announced a strategic move to acquire up to 80% of Somaco Global Resources SARL in Ivory Coast, which holds two prospective gold license applications. This acquisition, alongside the appointment of two experienced geologists to its board, aims to enhance Waraba’s technical competence and expand its exploration footprint in West Africa. Additionally, Waraba plans to raise US$500,000 through non-convertible unsecured debentures to fund its initial commitments under the earn-in term sheet. Meanwhile, operations in Mali have been suspended due to security concerns, but Waraba remains committed to the Fokolore Gold Project, awaiting a stable operating environment to resume activities.