CSE

Argo Gold Inc.

ARQ.CN•Basic Materials•Gold
Current Price
$0.10
Today's Change
+0.00%
Market Cap
$7.31M
Volume
12.00K
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Commodity Exposure

Gold

Current Price
$4,076.10/oz
-1.78% today
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Industry Context

Mining companies typically trade at 5-9x EV/EBITDA due to commodity price volatility. Gold price movements significantly impact profitability.

Price updated: Oct 22, 2026, 03:00 PM

💡 Quick Take

Argo Gold Inc. is an early-stage mining company focused on exploring and developing gold and other mineral resources in northwestern Ontario. The company shows strong profitability with high gross (74.9%) and EBITDA margins (40.0%), indicating effective cost management. However, concerns arise from its low liquidity ratios (current and quick ratios at 0.17) and a relatively high debt-to-equity ratio of 1.41, which could impact financial stability. Despite solid margins, the low market cap of $7.31M suggests potential undervaluation or market skepticism regarding its growth prospects.

Based on 27 data points⚠️Not financial advice

📊 Key Metrics

52 Week High$0.14
52 Week Low$0.05
Avg Volume41.64K
Beta-0.53
Shares Outstanding72.09M

🔥 Valuation

Market Cap$7.31M
Enterprise Value$8.29M
P/E Ratio-10.00
EV/EBITDA ⚠️10.15x
Dividend Yield0.00%

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🚩 Red Flags

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Revenue Declining

Revenue fell 25.4% year-over-year from $2.1M to $1.5M. The decline has persisted for multiple quarters.

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Significant Losses

Company posted a loss of $-653K over the last year, representing 42.1% of revenue.

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High Debt Load

Debt of $1.1M is 8.7x the company's cash position of $127K.

🌟 Opportunities

📊

No significant opportunities identified

Based on current financial metrics

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