Yahoo Finance

Operations: The company has not reported any revenue segments.

Market Cap: CA$85.49M

Chesapeake Gold Corp., with a market cap of CA$85.49 million, is pre-revenue and currently unprofitable. The company has seen its losses increase annually by 25.7% over the past five years, reflecting challenges in achieving profitability. Despite this, it maintains a strong financial position with no debt and short-term assets of CA$14.3 million exceeding both short- and long-term liabilities. The management team is relatively new, averaging 1.8 years in tenure, which might impact strategic continuity. Recently dropped from the S&P/TSX Venture Composite Index, Chesapeake continues to navigate its development phase amidst financial volatility.

• Dive into the specifics of Chesapeake Gold here with our thorough balance sheet health report.

• Gain insights into Chesapeake Gold's past trends and performance with our report on the company's historical track record.

New Found Gold

Simply Wall St Financial Health Rating: ★★★★☆☆

Overview: New Found Gold Corp. is a mineral exploration company focused on identifying, evaluating, acquiring, and exploring mineral properties in Newfoundland and Labrador and Ontario, with a market cap of approximately CA$489.31 million.

Operations: New Found Gold Corp. does not report any revenue segments as it is focused on mineral exploration activities in Newfoundland and Labrador and Ontario.

Market Cap: CA$489.31M

New Found Gold Corp., with a market cap of CA$489.31 million, is pre-revenue and unprofitable, reflecting its focus on mineral exploration in Newfoundland and Labrador and Ontario. The company has no debt, with short-term assets of CA$46.6 million exceeding liabilities, yet it faces a cash runway of less than a year based on current free cash flow trends. Recent executive changes include the appointment of Keith Boyle as CEO, bringing extensive industry experience that could influence future project developments. Despite losses narrowing to CA$36.86 million for the first nine months of 2024, profitability remains elusive amidst ongoing exploration activities.

• Jump into the full analysis health report here for a deeper understanding of New Found Gold.

• Learn about New Found Gold's future growth trajectory here.

Make It Happen

• Navigate through the entire inventory of 938 TSX Penny Stocks here.

• Invested in any of these stocks? Simplify your portfolio management with Simply Wall St and stay ahead with our alerts for any critical updates on your stocks.

• Invest smarter with the free Simply Wall St app providing detailed insights into every stock market around the globe.

Ready To Venture Into Other Investment Styles?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.

• Jump on the AI train with fast growing tech companies forging a new era of innovation.

• Find companies with promising cash flow potential yet trading below their fair value.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include TSX:LABS TSXV:CKG and TSXV:NFG.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com