Waraba Gold Limited (WBGD) AI Stock Analysis

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Waraba Gold Limited

(CNQX:WBGD)

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Rating:47Neutral

Price Target:CAD 0.31▲(5.17% Upside)

Action:reiterated

Date:07/03/26

Weak financial performance with no revenue and ongoing losses drives the low score, compounded by challenging valuation; mixed technical indicators provide some stability but do not offset core financial risks.

Positive Factors

Low Leverage and Positive TTM EquityThe latest balance sheet provides some financial flexibility because debt is modest relative to positive equity. This may help the company fund development and absorb volatility, although the prior negative-equity position shows that this strength has not been consistently maintained.

Negative Factors

Pre-Revenue Business ModelThe absence of revenue means the company has not yet demonstrated commercial production, customer demand, or a recurring source of operating cash. Until revenue begins and scales, funding requirements and execution risk remain structurally high.

Waraba Gold Limited (WBGD) vs. iShares MSCI Canada ETF (EWC)

Market Cap: CAD 16.18M
Dividend Yield: ―
Average Volume (3M): 62.03K
Price to Earnings (P/E): -0.8
Beta (1Y): 0.66
Revenue Growth: ―
EPS Growth: -229.81%
Country: Canada
Employees: 0
Sector: Basic Materials
Sector Strength: 61
Industry: Other Precious Metals

Waraba Gold Limited Business Overview & Revenue Model

Company Description

Waraba Gold Limited engages in the acquisition and exploration of mineral properties in Canada and Mali. The company’s flagship prospective gold exploration project is the Fokolore project located in West Mali. The company was formerly known as Zenit...

How the Company Makes Money

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Waraba Gold Limited Financial Statement Overview

Summary

Low scores across income (15), balance sheet (20), and cash flow (18) reflect no revenue, consistent losses, negative equity periods, and cash burn, indicating high risks for this exploration-stage company despite low debt.

Income Statement

15Very Negative

Balance Sheet

20Very Negative

Cash Flow

18Very Negative

Financial statement breakdown
Breakdown	TTM	Oct 2025	Oct 2024	Oct 2023	Oct 2022	Oct 2021
Income Statement
Total Revenue	0	0	0	0	0	0
Gross Profit	-11.57K	-50.60K	-68.55K	-76.45K	-74.85K	-4,789
EBITDA	-5.68M	-2.79M	-1.42M	-1.15M	-2.46M	-13.23M
Net Income	-5.79M	-2.76M	-1.31M	-1.11M	-2.30M	-13.65M
Balance Sheet
Total Assets	3.47M	19.01K	533.91K	748.51K	896.18K	3.30M
Cash, Cash Equivalents and Short-Term Investments	2.95M	3,763	434.19K	561.17K	648.46K	3.04M
Total Debt	50.11K	631.32K	0	0	177.14K	344.27K
Total Liabilities	2.15M	1.70M	455.73K	249.95K	665.57K	539.73K
Stockholders Equity	2.11M	-895.95K	784.07K	1.03M	642.83K	2.94M
Cash Flow
Free Cash Flow	-3.74M	-1.04M	-1.19M	-1.39M	-2.39M	-3.95M
Operating Cash Flow	-3.74M	-1.04M	-1.19M	-1.37M	-2.34M	-3.70M
Investing Cash Flow	426.13K	0	0	-15.28K	-48.39K	-157.10K
Financing Cash Flow	6.18M	606.07K	1.07M	1.30M	0	6.81M

Waraba Gold Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price0.29

Price Trends

50DMA0.38Negative

100DMA0.36Negative

200DMA0.43Negative

Market Momentum

MACD-0.03Positive

RSI39.83Neutral

STOCH8.70Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:WBGD, the sentiment is Negative. The current price of 0.29 is below the 20-day moving average (MA) of 0.36, below the 50-day MA of 0.38, and below the 200-day MA of 0.43, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 39.83 is Neutral, neither overbought nor oversold. The STOCH value of 8.70 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:WBGD.

Waraba Gold Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

TSE:WBGD against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
TSE:WBGD	47Neutral	CAD 16.18M	-0.76	-3311.26%	―	―	-229.81%
TSE:NEV	40Underperform	CAD 4.84M	-2.19	-147.06%	―	―	-1857.14%
TSE:NSJ	40Underperform	CAD 17.66M	-10.66	-1497.93%	―	―	-254.78%
TSE:GOH	31Underperform	CAD 7.21M	-5.58	-17.20%	―	―	93.97%

* Basic Materials Sector Average

Performance Comparison

TSE:WBGD and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TSE:WBGD	Waraba Gold Limited	0.29	0.20	222.22%
TSE:NEV	Nevada Sunrise Gold	0.03	-0.03	-50.00%
TSE:GOH	Goldhaven Resources Corp	0.14	0.03	26.09%
TSE:SAO	South Atlantic Gold, Inc.	0.06	0.01	37.50%
TSE:NSJ	Nsj Gold Corp.	0.43	0.23	117.50%

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.

Date of analysis: Jul 03, 2026

Waraba Gold Limited AI Stock Analysis