Golden Goliath Resources Ltd., a junior exploration company, engages in the acquisition and exploration of resource properties.
Adequate balance sheet with weak fundamentals.
Share Price & News
How has Golden Goliath Resources's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GNG's share price has been volatile over the past 3 months.
7 Day Return
CA Metals and Mining
1 Year Return
CA Metals and Mining
Return vs Industry: GNG exceeded the Canadian Metals and Mining industry which returned 2.2% over the past year.
Return vs Market: GNG exceeded the Canadian Market which returned -2% over the past year.
Price Volatility Vs. Market
How volatile is Golden Goliath Resources's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 months ago | Simply Wall StWe Think Golden Goliath Resources (CVE:GNG) Needs To Drive Business Growth Carefully
7 months ago | Simply Wall StShould Golden Goliath Resources (CVE:GNG) Be Disappointed With Their 50% Profit?
1 year ago | Simply Wall StShould You Worry About Golden Goliath Resources Ltd's (CVE:GNG) CEO Salary Level?
Is Golden Goliath Resources undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate GNG's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate GNG's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: GNG is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.
PE vs Market: GNG is unprofitable, so we can't compare its PE Ratio to the Canadian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate GNG's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: GNG is overvalued based on its PB Ratio (4.1x) compared to the CA Metals and Mining industry average (1.5x).
How is Golden Goliath Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Materials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Golden Goliath Resources has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Examine Golden Goliath Resources's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Golden Goliath Resources competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
How has Golden Goliath Resources performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GNG is currently unprofitable.
Growing Profit Margin: GNG is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: GNG is unprofitable, but has reduced losses over the past 5 years at a rate of 55.8% per year.
Accelerating Growth: Unable to compare GNG's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: GNG is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (11.8%).
Return on Equity
High ROE: GNG has a negative Return on Equity (-31.27%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
How is Golden Goliath Resources's financial position?
Financial Position Analysis
Short Term Liabilities: GNG's short term assets (CA$1.2M) exceed its short term liabilities (CA$135.2K).
Long Term Liabilities: GNG has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: GNG is debt free.
Reducing Debt: GNG had no debt 5 years ago.
Inventory Level: GNG has a high level of physical assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if GNG's debt is covered by short term assets.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: GNG has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: GNG has less than a year of cash runway if free cash flow continues to reduce at historical rates of -2.3% each year
What is Golden Goliath Resources's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate GNG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate GNG's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if GNG's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if GNG's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of GNG's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
J. Sorbara (66yo)
Mr. J. Paul Sorbara, M.Sc., P.Geo. has been Member of Advisory Board at VanadiumCorp Resource Inc. since March 2019. Mr. Sorbara has been the President of Minera Delta S.A. de C.V, a wholly owned subsidiar ...
CEO Compensation Analysis
Compensation vs Market: J.'s total compensation ($USD89.81K) is below average for companies of similar size in the Canadian market ($USD157.16K).
Compensation vs Earnings: J.'s compensation has been consistent with company performance over the past year.
|CFO, Corporate Secretary & Director||14.1yrs||CA$24.00k||0.074% CA$5.6k|
|Manager of Mexico & Director||23.1yrs||CA$24.00k||0.99% CA$74.7k|
|Independent Director||23.1yrs||CA$24.00k||0.34% CA$25.3k|
|Independent Director||6yrs||CA$24.00k||no data|
|Member of Advisory Board||0yrs||no data||no data|
|Member of Advisory Board||0.2yrs||no data||no data|
Experienced Board: GNG's board of directors are seasoned and experienced ( 18.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Golden Goliath Resources Ltd.'s company bio, employee growth, exchange listings and data sources
- Name: Golden Goliath Resources Ltd.
- Ticker: GNG
- Exchange: TSXV
- Founded: 1996
- Industry: Gold
- Sector: Materials
- Market Cap: CA$7.536m
- Shares outstanding: 107.66m
- Website: https://www.goldengoliath.com
- Golden Goliath Resources Ltd.
- 675 West Hastings Street
- Suite 711
- British Columbia
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|GNG||TSXV (TSX Venture Exchange)||Yes||Common Shares||CA||CAD||Oct 2000|
|GGZ||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Oct 2000|
|GGTH.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Oct 2000|
|0UY9||LSE (London Stock Exchange)||Yes||Common Shares||GB||CAD||Oct 2000|
Golden Goliath Resources Ltd., a junior exploration company, engages in the acquisition and exploration of resource properties. The company primarily explores and develops gold and silver properties located in the Red Lake District of Ontario, Canada. It also holds a 100% interest in the San Timoteo property, which is located in the Sierra Madre Occidental Mountains of northwestern Mexico; and the La Cruz property located in the central part of Chihuahua. Golden Goliath Resources Ltd. was incorporated in 1996 and is based in Vancouver, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/28 00:09|
|End of Day Share Price||2020/02/27 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.