Gold
Mining companies typically trade at 5-9x EV/EBITDA due to commodity price volatility. Gold price movements significantly impact profitability.
Abcourt Mines Inc. is a Canadian company focused on discovering and developing gold mining sites. The company faces significant financial challenges, evidenced by a gross margin of -118.6% and a net margin of -168.9%, indicating operational inefficiencies. However, it maintains a reasonable liquidity position with a current ratio of 1.41. The low stock price of $0.06 reflects investor concerns about its profitability and overall financial health, despite its potential in the gold sector.
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Company has $1.6M in cash but burned $9.3M last quarter. At this burn rate, only 0.2 quarters of runway remain without additional financing.
Company posted a loss of $-28.1M over the last year, representing 168.9% of revenue.
Debt of $37.3M is 23.6x the company's cash position of $1.6M.
Operating cash flow has been negative for 3 consecutive quarters, burning $37.1M over the last year.
No significant opportunities identified
Based on current financial metrics
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Based on 2026-FY (June 30, 2026)