Xtra-Gold Resources Corp.
TSX:XTG Stock Report
Xtra-Gold Resources Balance Sheet Health
Financial Health criteria checks 6/6 Xtra-Gold Resources has a total shareholder equity of $13.3M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $15.3M and $2.0M respectively. Xtra-Gold Resources's EBIT is $2.6M making its interest coverage ratio -6.4. It has cash and short-term investments of $13.4M.
Key information Interest coverage ratio -6.4x Cash US$13.42m Equity US$13.28m Total liabilities US$2.04m Total assets US$15.32m
Recent financial health updates
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Now 23% undervalued Oct 18
Xtra-Gold Announces Updated Mineral Resource Estimate for Its Kibi Gold Project in Ghana, West Africa Oct 18
Now 20% overvalued Jul 15
Xtra-Gold Resources Corp. Announces Further Positive Assay Results for an Additional 17 Diamond Core Boles Totaling 5,469.5 Metres from Its Current Exploration Drilling Program on Kibi Gold Project Jun 13
Xtra-Gold Resources Corp., Annual General Meeting, Jun 14, 2024 Apr 10
Investor sentiment improves as stock rises 20% Dec 25
Xtra-Gold Resources Corp. Expands Boomerang Gold System at Depth with High-Grade Drill Intercept Grading Dec 21
Now 21% undervalued after recent price drop Oct 11
New major risk - Revenue and earnings growth Oct 01
Xtra-Gold Resources Corp. Announces Further Positive Assay Results for an Additional 30 Diamond Core Boles Totaling 7,309 Metres from its Current Exploration Drilling Program on Kibi Gold Project Sep 09
Now 21% undervalued after recent price drop Aug 09
Xtra-Gold Resources Corp. Announces CFO Exchanges Aug 03
Xtra-Gold Resources Corp. Continues to Expand Boomerang East Gold System Dec 22
Insufficient new directors Nov 17
Xtra-Gold Intersects Announces Assay Results for Additional 13 Diamond Core Boreholes At Boomerang East Sep 28
Xtra-Gold Intersects 1.59 G/T Gold over 77.0 Metres, Including 3.23 G/T Gold over 31.0 Metres, At the Newly Defined Boomerang East Zone, Kibi Gold Project, Ghana Jun 24
Insufficient new directors Apr 27
Xtra-Gold Resources Corp., Annual General Meeting, Jun 30, 2022 Apr 26
Investor sentiment improved over the past week Mar 08
Xtra-Gold Resources Corp. Exploration Drilling Further Confirms Resource Expansion Potential Along Southwest Extension of Zone 2 - Zone 3 Fold Structure, Kibi Gold Project, Ghana Feb 19
Investor sentiment improved over the past week Sep 01
Xtra-Gold Resources Corp. Defines New Gold Zone 300 Metres NW of Double 19 and Expands Boomerang Zone, Kibi Gold Project, Ghana Aug 12
Investor sentiment improved over the past week Jun 01
Investor sentiment deteriorated over the past week Mar 09
Xtra-Gold Keeps Hitting Strong Gold Mineralization on Nw Fold-Limb Expansion Drilling At Double 19, Kibi Gold Project, Ghana Feb 18
New 90-day high: CA$1.49 Feb 18
New 90-day high: CA$1.42 Jan 05
Investor sentiment improved over the past week Dec 19
Xtra-Gold Resources Corp. Announces Assay Results for an Additional 20 Drill Holes from Its Current Resource Expansion Target Generation Program Within the Zone 2 - Zone 3 Maiden Mineral Resource Footprint Area, on the Kibi Gold Project, Ghana Dec 18
Market bids up stock over the past week Oct 22
The previous shareholders of Advertain On-Line Canada Inc. acquired Advertain On-Line Canada Inc. from Advertain On-Line Inc. Sep 25
New 90-day high: CA$1.27 Sep 25
New 90-day high - CA$1.15 Sep 01
New 90-day high - CA$1.05 Aug 06
Financial Position Analysis
Short Term Liabilities: XTG's short term assets ($13.8M) exceed its short term liabilities ($2.0M).
Long Term Liabilities: XTG has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: XTG is debt free.
Reducing Debt: XTG has not had any debt for past 5 years.
Debt Coverage: XTG has no debt, therefore it does not need to be covered by operating cash flow .
Interest Coverage: XTG has no debt, therefore coverage of interest payments is not a concern.
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