Freegold Ventures Ltd Stock
Freegold Ventures Ltd Stock
Pros and Cons of Freegold Ventures Ltd in the next few years
Pros
Cons
Performance of Freegold Ventures Ltd vs. its peers
| Security | Change(%) | 1w | 1m | 1y | YTD | 3y | 5y |
|---|---|---|---|---|---|---|---|
| Freegold Ventures Ltd | 1.970% | -4.505% | 19.101% | 0.000% | -4.217% | -30.385% | 960.000% |
| Nevada Sunrise Metals Corp. | - | 0.000% | -14.286% | -65.909% | -25.000% | -40.000% | 11.111% |
| Monument Mining Ltd | 6.310% | 0.870% | 11.538% | 69.343% | 17.172% | 18.974% | 222.222% |
| Sarama Resources Ltd. | - | 0.000% | 0.000% | -98.969% | 0.000% | -99.731% | -99.561% |
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The analysis provided is generated by an artificial intelligence system and is provided for informational purposes only. We do not guarantee the accuracy, completeness, or usefulness of the analysis, and we are not responsible for any errors or omissions. Use of the analysis is at your own risk.Diving into the world of Metals & Mining, it's clear that Freegold's financials offer a fascinating study. On the surface, the numbers present a mixed bag, one that would likely yield heated discussions in financial circles. They are neither the hallmark of stability nor a red flag signaling imminent peril—an enigmatic middle ground ripe for dissection.
General Impressions: Freegold's balance sheets over the years consistently show a robust asset base, with total assets increasing from $73,966,595 in 2020 to $77,400,293 by the end of 2022. Notably, the bulk of these assets are tied up in property, plant, and equipment, reflective of significant capital allocation to tangible assets—a common trait for companies within the metals and mining sector.
However, a deeper analysis brings to light several areas of concern. The company's net income has stayed in the red, and retained earnings are negative across all reported years, raising questions about its profitability over time. Additionally, the cash and cash equivalents have taken a rather alarming plunge from $29,652,808 in 2020 to a mere $693,235 by the end of 2022. This decline is evidently reflected in the plummeting change in cash on the cash flow statements.