This company listing is no longer active

This company may still be operating, however this listing is no longer active. Find out why through their latest events.

Signal Gold (Y8B) Stock Overview

Operates as a gold development and exploration company in Canada. More details

Y8B fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	0/6
Financial Health	3/6
Dividends	0/6

Risk Analysis

Earnings have declined by 68.9% per year over past 5 years

Makes less than USD$1m in revenue (CA$0)

Highly volatile share price over the past 3 months compared to the German market

Does not have a meaningful market cap (€23M)

+ 1 more risk

Y8B Community Fair Values

Create Narrative

See what others think this stock is worth. Follow their fair value or set your own to get alerts.

NEW439,321 members

Join community and earn perks

Gain real feedbackFrom our editorial team, personally. Not silence.

Grow your followingReal investors. The kind who actually invest, not scroll past.

Unlock free accessFree premium subscription for consistent and quality authors.

Learn more Create Narrative

439,321 investors already sharing narratives

View all narratives

Signal Gold Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Signal Gold
Historical stock prices
Current Share Price	CA$0.054
52 Week High	CA$0.099
52 Week Low	CA$0.042
Beta	1.4
1 Month Change	13.68%
3 Month Change	5.88%
1 Year Change	-34.94%
3 Year Change	-85.86%
5 Year Change	-57.14%
Change since IPO	-97.45%

Recent updates

Shareholder Returns

	Y8B	DE Metals and Mining	DE Market
7D	20.0%	-0.9%	-1.8%
1Y	-34.9%	64.6%	4.2%

Return vs Industry: Y8B underperformed the German Metals and Mining industry which returned -17.4% over the past year.

Return vs Market: Y8B underperformed the German Market which returned 9.6% over the past year.

Price Volatility

Is Y8B's price volatile compared to industry and market?
Y8B volatility
Y8B Average Weekly Movement	18.0%
Metals and Mining Industry Average Movement	8.1%
Market Average Movement	5.0%
10% most volatile stocks in DE Market	12.6%
10% least volatile stocks in DE Market	2.5%

Stable Share Price: Y8B's share price has been volatile over the past 3 months compared to the German market.

Volatility Over Time: Y8B's weekly volatility (18%) has been stable over the past year, but is still higher than 75% of German stocks.

About the Company

Founded	Employees	CEO	Website
1994	16	Kevin Bullock	www.signalgold.com

Signal Gold Inc. operates as a gold development and exploration company in Canada. The company holds a 100% interest in the Goldboro Gold project covering an area of 27, 200 hectares situated to the 175 kilometers northeast of Halifax, Nova Scotia. It also owns a Tilt Cove Gold and copper project that covers an area of approximately 19, 450 hectares located within the Baie Verte Mining District, Newfoundland.

Signal Gold Inc. Fundamentals Summary

How do Signal Gold's earnings and revenue compare to its market cap?
Y8B fundamental statistics
Market cap	€15.36m
Earnings (TTM)	-€29.62m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-0.5x

P/E Ratio

Is Y8B overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
Y8B income statement (TTM)
Revenue	CA$0
Cost of Revenue	CA$0
Gross Profit	CA$0
Other Expenses	CA$44.26m
Earnings	-CA$44.26m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.17
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	105.9%

How did Y8B perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/13 09:53
End of Day Share Price	2024/12/13 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Signal Gold Inc. is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Brandon Gaspar	SCP Resource Finance LP
Paul O'Brien	Velocity Trade Capital Ltd

This company listing is no longer active

Signal Gold (Y8B) Stock Overview

Risk Analysis

Join community and earn perks

Signal Gold Inc. Competitors

Pearl Gold

Scorpio Gold

Gold Mountain

Novo Resources

Price History & Performance

Recent News & Updates

NeXGold Mining Corp. (TSXV:NEXG) completed the acquisition of Signal Gold Inc. (TSX:SGNL).

New major risk - Shareholder dilution

FireFly Metals Ltd (ASX:FFM) completed the acquisition of Tilt Cove Gold Corp from Signal Gold Inc. (TSX:SGNL) for CAD 4.35 million.

FireFly Metals Ltd (ASX:FFM) entered into an agreement to acquire Tilt Cove Gold Corp from Signal Gold Inc. (TSX:SGNL) for CAD 4.35 million.

NeXGold Mining Corp. and Signal Gold Inc. Appoints CFO for the Combined Company

Signal Gold Inc. announced that it expects to receive CAD 6.5 million in funding

Recent updates

NeXGold Mining Corp. (TSXV:NEXG) completed the acquisition of Signal Gold Inc. (TSX:SGNL).

New major risk - Shareholder dilution

FireFly Metals Ltd (ASX:FFM) completed the acquisition of Tilt Cove Gold Corp from Signal Gold Inc. (TSX:SGNL) for CAD 4.35 million.

FireFly Metals Ltd (ASX:FFM) entered into an agreement to acquire Tilt Cove Gold Corp from Signal Gold Inc. (TSX:SGNL) for CAD 4.35 million.

NeXGold Mining Corp. and Signal Gold Inc. Appoints CFO for the Combined Company

Signal Gold Inc. announced that it expects to receive CAD 6.5 million in funding

Signal Gold Inc. Announces Additional Assay Results from Its Goldboro Project in Nova Scotia

Signal Gold Inc. Intersects Further High-Grade Gold At the Western Extension of Goldboro, Including 17.97 Gold over 2.5 Metres And19.00 g/t over 2.4 Metres

Signal Gold Inc. Announces Initial Assay Results from Exploration Drilling Program At the Western Extension of the Goldboro Deposit

Signal Gold Inc. Begins Drilling at the Western Extension of Goldboro, Targeting Increased Mineral Resources

Signal Gold Inc. Commences Exploration Work At the Hurricane and Armstrong Growth Targets Located West and Southwest, Both, of the Goldboro Deposit and Planned Mine and Mill Infrastructure At the Goldboro Project in Nova Scotia, Canada

Signal Gold Inc. to Commence Exploration At the High Priority Stewart Target North of the Goldboro Deposit

Signal Gold Inc. to Commence Exploration at the Fowler Target, Directly Along Strike to the East of the Goldboro Deposit

Signal Gold Inc. Completes Airborne Geophysical Survey and Identifies Multiple Exploration Targets in the Goldboro Gold District

Signal Gold Inc. Initiates Further Drilling at the Western Extension of Goldboro, Targeting Increased Mineral Resources

Signal Gold Inc., Annual General Meeting, May 23, 2024

New major risk - Revenue and earnings growth

Signal Gold Inc. Announces Final Drill Results of Growth Exploration Program, Including 76.31 g/t Over 0.5 Metres and 12.88 g/t Over 0.6 Metres

Signal Gold Inc. Outlines Near-Term 2024 Priorities, Building on Recent Success At the Goldboro Project

Signal Gold Further Consolidates the Goldboro Gold District, Acquires Prospective Land Contiguous to Goldboro

Signal Gold Inc. Continues to Intersect Gold West of the Goldboro Deposit, Extends Mineralization over One Kilometre Along Strike

Signal Gold Inc. Reports Step-Out Drill Results Demonstrating Gold Mineralization Up to 450 Metres West of the Goldboro Deposit

New major risk - Financial position

New major risk - Share price stability

Signal Gold Continues to Demonstrate Permitting Progress At the Goldboro Project

Signal Gold Identifies Further Growth Targets to Expand the Potential of the Goldboro Gold District

Signal Gold Inc. Intersects Further High-Grade Gold At the Goldboro Project During Geotechnical Drilling, Including 23.85 g/t Gold over 6.0 Metres

Signal Gold Inc. Provides Permitting and Project Update for the Goldboro Gold Project

Signal Gold Inc. Initiates Airborne Geophysical Survey over Its Extended Land Position in the Goldboro Gold District

Signal Gold Inc. Announces Diamond Drill Results from the Growth Exploration Program at its Goldboro Project in Nova Scotia

Signal Gold Identifies Significant Growth Potential West of the Goldboro Deposit, Initiates Drilling at the Past Producing Dolliver Mountain Gold Mine

New minor risk - Profitability

New minor risk - Profitability

New major risk - Financial position

Second quarter 2023 earnings released

Signal Gold Consolidates the Goldboro Gold District and Provides A Goldboro Project Update

Signal Gold Inc. Announces Board Changes

New major risk - Share price stability

Maritime Resources Corp. signed an agreement to acquire Point Rousse Project from Signal Gold Inc.

Signal Gold Mobilizes Second Diamond Drill At Goldboro and Intiates A Further 10,000-Metre Growth Exploration Program

Signal Gold Inc. announced that it has received CAD 6.6888 million in funding

Signal Gold Inc. Announces the Continuation of A 50-Line Kilometre Induced Polarization Geophysical Survey At the Goldboro Project in Nova Scotia

First quarter 2023 earnings released: CA$0.014 loss per share (vs CA$0.02 loss in 1Q 2022)

Signal Gold Inc. announced that it expects to receive CAD 7 million in funding

Full year 2022 earnings released: CA$0.064 loss per share (vs CA$0.041 loss in FY 2021)

Third quarter 2022 earnings released: CA$0.006 loss per share (vs CA$0.006 loss in 3Q 2021)

Second quarter 2022 earnings released: CA$0.002 loss per share (vs CA$0.013 loss in 2Q 2021)

Signal Gold Receives Environmental Assessment Approval for its Goldboro Gold Project, Nova Scotia

Signal Gold Inc. Gold Intersects 0.94 G/T Gold over 17 Metres and Identifies Exploration Targets Near Point Rousse in Newfoundland

Signal Gold Inc. Announces Drill Results and Identifies New Drill Targets at the Tilt Cove Gold Project, Newfoundland

Signal Gold Inc. Announces Results from a Recent Drill Program at its 100%-Owned Goldboro Gold Project in Nova Scotia