TSX-V

BULGOLD Inc.

ZLTO.V•Basic Materials•Gold
Current Price
$0.05
Today's Change
+0.00%
Market Cap
$3.63M
Volume
101.00K
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Commodity Exposure

Gold

Current Price
$4,018.20/oz
-1.04% 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 23, 2026, 03:00 PM

💡 Quick Take

BULGOLD Inc. is a gold exploration company focused on developing epithermal gold projects in Eastern and Central Europe. The company has a low market cap of $3.63M and shows concerning financial health with negative ROE and ROA, indicating inefficiency in generating profits. Additionally, a current ratio of 0.39 raises liquidity concerns, though it has no debt, suggesting a conservative leverage position. Overall, while the lack of debt is a strength, the financial metrics indicate significant challenges that could hinder growth and operational stability.

Based on 21 data points⚠️Not financial advice

📊 Key Metrics

52 Week High$0.10
52 Week Low$0.03
Avg Volume43.57K
Beta1.40
Shares Outstanding72.63M

🔥 Valuation

Market Cap$3.63M
Enterprise Value$2.81M
P/E RatioN/A
EV/EBITDA ⚠️N/A
Dividend Yield0.00%

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🚩 Red Flags

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Limited Cash Runway

Company is burning $86K per quarter with $220K in cash. Approximately 2.6 quarters of runway at current burn rate.

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Significant Losses

Company posted a loss of $-585K over the last year, representing Infinity% of revenue.

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Persistent Cash Burn

Operating cash flow has been negative for 3 consecutive quarters, burning $344K over the last year.

🌟 Opportunities

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Debt-free balance sheet with a solid cash position, providing significant financial flexibility.

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