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Home CompaniesAwale Resources Ltd

Awale Resources Ltd

Basic Materials Gold
PortfolioPortfolio WatchlistWatchlist
Company price
0.7 CAD 0.04 ( 6.06%)
Last update at 2026-11-04T19:49:00Z
VOLUME
52325
Market Cap
94.94M

Momentum Score

…

Awalé Resources Limited engages in the acquisition, exploration, and development of mineral properties in Côte d'Ivoire. It primarily explores for gold, copper, and other precious metals. The company's flagship project is the Odienné Project which covers approximately 2,346 square kilometers located in the northwest Denguèlé Region of Côte d'Ivoire. The company was formerly known as Spada Gold Limited and changed its name to Awalé Resources Limited in December 2017. Awalé Resources Limited was incorporated in 2015 and is headquartered in Toronto, Canada.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
0.67
Low
0.70
High
52 Week Price Range
0.43
Low
1.18
High

Momentum Score

…
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Awale Resources Ltd is a TSX Venture-listed junior mineral exploration company that focuses on identifying and advancing early-stage mineral projects. Its long-term growth drivers include successful exploration outcomes, favourable commodity markets, strategic partnerships and capital access, which could support resource delineation and project advancement and may provide upside from discovery-driven valuation.
The most important investment risks are high exploration and execution risk with an early-stage asset base, frequent need for external financing, sensitivity to commodity-price swings and potential permitting or jurisdictional uncertainties that investors should monitor.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
0.66
Dividend Yield
-
Revenue TTM
0.14M
Revenue Per Share
0.00
Gross Profit TTM
0.14M
Debt / Equity
-
ROE
-12.76%
Net Debt
-
ROCE
-23.14%
Diluted EPS TTM
-0.03

Insight Announcement

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Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Type yearly yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Income before tax -2.75M -1.05M -8.48M -1.70M -0.79M
Minority interest - - - - 0.01M
Net income -2.75M -1.05M -8.48M -1.70M -0.79M
Selling general administrative 1.55M 0.82M 0.89M 1.18M 0.76M
Gross profit -0.01M -0.01M -0.02M -0.03M -0.04M
Reconciled depreciation 0.03M 0.02M 0.02M 0.03M 0.04M
Ebit - - -8.48M -1.58M -0.75M
Ebitda - - -0.97M -1.18M -0.76M
Operating income -2.81M -1.06M -0.98M -1.20M -0.79M
Interest expense - - - 0.00M 0.00M
Tax provision - 0.00M 0.00M 0.00M 0.00M
Interest income 0.10M 0.01M 0.01M 0.00M 0.00M
Net interest income 0.10M 0.01M 0.01M 0.00M 0.00M
Total revenue 0.00M 0.00M 0.00M 0.00M 0.00M
Total operating expenses 2.81M 1.06M 0.98M 1.20M 0.79M
Cost of revenue 0.01M 0.01M 0.02M 0.03M 0.04M
Total other income expense net -0.04M 0.01M -7.50M -0.49M 0.00M
Net income from continuing ops -2.75M -1.05M -8.48M -1.70M -0.79M
Net income applicable to common shares - - - - -0.79M
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Type yearly yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Total assets 13.02M 6.92M 5.82M 12.38M 11.19M
Other current assets 0.15M 0.11M 0.03M - -
Total liab 0.86M 1.39M 2.26M 1.17M 1.36M
Total stockholder equity 12.12M 5.54M 3.56M 11.21M 9.83M
Other current liab - - 0.14M 0.00M 0.01M
Common stock - - - - 7.37M
Capital stock 20.06M 12.69M 10.79M 9.78M 7.37M
Retained earnings -16.98M -14.22M -13.18M -4.69M -3.00M
Other assets - - - - 0.01M
Cash 6.97M 1.00M 0.26M 0.06M 0.65M
Total current liabilities 0.86M 1.39M 2.23M 1.14M 1.32M
Other stockholder equity - - - - 5.46M
Property plant equipment - - 5.32M 12.27M 10.42M
Total current assets 7.37M 1.50M 0.49M 0.10M 0.76M
Net tangible assets - - 3.56M 11.21M 9.83M
Net receivables - - - - 0.02M
Long term debt - - 0.03M 0.03M 0.03M
Accounts payable 0.43M 1.08M 1.47M 0.69M 1.03M
Non current assets total 5.65M 5.42M 5.33M 12.28M 10.43M
Capital lease obligations - - - 0.00M 0.00M
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Type yearly yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Investments -0.62M 0.07M -0.18M -3.08M -2.66M
Change to liabilities - - 0.50M 0.21M 0.05M
Total cashflows from investing activities - - - - -2.66M
Net borrowings -0.01M -0.02M - - 0.01M
Total cash from financing activities 8.64M 1.91M 1.00M 2.77M 2.45M
Change to operating activities - - -0.00M 0.02M 0.01M
Net income -2.75M -1.05M -8.48M -1.70M -0.79M
Change in cash 5.82M 0.72M 0.20M -0.66M -0.70M
Begin period cash flow 1.00M 0.26M 0.06M 0.65M 1.35M
End period cash flow 6.97M 1.00M 0.26M 0.06M 0.65M
Total cash from operating activities -2.20M -1.26M -0.62M -0.35M -0.42M
Issuance of capital stock 9.46M 2.45M 1.01M 2.84M 2.45M
Depreciation 0.03M 0.02M 7.29M 0.51M 0.03M
Other cashflows from investing activities - - - - -0.00M
Change to account receivables - - -0.11M 0.00M 0.02M
Other cashflows from financing activities - - - - -0.00M
Change to netincome - - - - 0.26M
Capital expenditures 0.43M 0.02M 0.01M 0.03M 2.66M
Change in working capital -0.31M -0.50M 0.39M 0.22M 0.07M
Stock based compensation 0.79M 0.28M 0.20M 0.61M 0.26M
Other non cash items - - -0.01M - -
Free cash flow -2.63M -1.29M -0.63M -0.38M -0.47M

Peer Comparison*

Sector: Basic Materials Industry: Gold

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to EBITDA (x)
ARIC
Awale Resources Ltd		 0.04
6.06%		 0.70 - - 666.41 4.01 -7.81
OMG
Omai Gold Mines Corp		 0.18
12.08%		 1.67 - - - 62.63 -4.09
ASE
Asante Gold Corporation		 0.07
12.07%		 0.65 - 6.57 2.23 269.42 49.52
THX
Thor Explorations Ltd.		 0.06
6.98%		 0.92 3.41 2.77 2.87 1.88 2.44
MKO
Mako Mining Corp		 0.80
7.86%		 10.98 18.47 2.34 6.21 4.73 10.00

Profile*

Awale Resources Ltd

Awalé Resources Limited engages in the acquisition, exploration, and development of mineral properties in Côte d'Ivoire. It primarily explores for gold, copper, and other precious metals. The company's flagship project is the Odienné Project which covers approximately 2,346 square kilometers located in the northwest Denguèlé Region of Côte d'Ivoire. The company was formerly known as Spada Gold Limited and changed its name to Awalé Resources Limited in December 2017. Awalé Resources Limited was incorporated in 2015 and is headquartered in Toronto, Canada.

141 Adelaide Street W, Toronto, ON, Canada

604 314 6270

https://awaleresources.ca

Name Title Year Born
Mr. Glen William Parsons B.Com (Hons), B.Com., C.A., CA (SA) CEO & Non-Exec. Director 1966
Ms. Sharon Cooper BA, CA Chief Financial Officer 1974
Mr. Andrew Chubb Chief Operating Officer NA
Ms. Kathryn Witter Corp. Sec. 1963
Ms. Karen Davies Head of Investor Relations NA
Mr. Andrew Chubb CEO & Director NA
Mr. Ardem Keshishian C.F.A., M.B.A. Vice President of Corporate Development & IR NA
Mr. Andrew Smith Vice President of Exploration NA
Ms. Kathryn Witter Corporate Secretary 1963
Mr. Karl Akueson Founder & Director NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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