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E2Gold Inc., a junior exploration company, engages in the acquisition, exploration, evaluation, and development of mineral properties in Canada. The company explores for gold, precious metals, and other minerals and metals. Its flagship project is the Hawkins Gold Property that consist of 3,310 claims covering an area of approximately 701 square kilometers located in the north central Ontario, Canada. The company was formerly known as 5003754 Ontario Inc. and changed its name to E2Gold Inc. in February 2020. The company was incorporated in 2018 and is headquartered in Toronto, Canada.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Public information on E2Gold Inc. (ETU.V) is limited; available disclosures indicate it is a junior mineral exploration company focused on gold projects. Its long-term growth drivers may include successful exploration results, resource delineation and supportive gold-market trends, which could support project development and create discovery-driven value that some investors find attractive.
Major risks are high exploration and geological uncertainty, probable lack of operating revenue, recurrent financing and dilution risk, gold price volatility and permitting or regulatory delays.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2024-07-31 | 2023-07-31 | 2022-07-31 | 2021-07-31 | 2020-07-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2024-07-31 | 2023-07-31 | 2022-07-31 | 2021-07-31 | 2020-07-31 |
| Income before tax | -1.55M | -3.41M | -7.45M | -2.84M | -0.36M |
| Net income | -1.55M | -3.41M | -7.45M | -2.84M | -0.36M |
| Selling general administrative | 0.83M | 1.19M | 3.18M | 0.92M | 0.06M |
| Gross profit | -0.02M | -0.02M | -0.01M | -0.00M | 0.00M |
| Reconciled depreciation | 0.03M | 0.03M | 0.02M | 0.01M | - |
| Ebit | - | - | -7.16M | -3.01M | -0.36M |
| Ebitda | - | - | -8.00M | -3.23M | -0.36M |
| Operating income | -1.73M | -3.77M | -8.02M | -3.23M | -0.36M |
| Interest expense | 0.03M | 0.01M | - | 0.00M | 0.00M |
| Interest income | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Net interest income | -0.02M | -0.01M | 0.00M | 0.00M | 0.00M |
| Total revenue | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Total operating expenses | 1.73M | 3.77M | 8.02M | 3.23M | 0.36M |
| Cost of revenue | 0.02M | 0.02M | 0.01M | 0.00M | 0.00M |
| Total other income expense net | 0.21M | 0.37M | 0.56M | 0.39M | - |
| Net income from continuing ops | -1.55M | -3.41M | -7.45M | -2.84M | -0.36M |
| Net income applicable to common shares | - | - | -7.45M | -2.84M | -0.36M |
| Breakdown | 2024-07-31 | 2023-07-31 | 2022-07-31 | 2021-07-31 | 2020-07-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2024-07-31 | 2023-07-31 | 2022-07-31 | 2021-07-31 | 2020-07-31 |
| Total assets | 0.19M | 0.40M | 2.73M | 6.26M | 0.18M |
| Total liab | 1.38M | 1.23M | 0.76M | 1.29M | 0.10M |
| Total stockholder equity | -1.19M | -0.83M | 1.97M | 4.97M | 0.08M |
| Other current liab | - | 0.21M | 0.64M | 1.23M | 0.05M |
| Common stock | - | - | 7.57M | 4.44M | 0.44M |
| Capital stock | 8.73M | 7.87M | 7.57M | 4.44M | 0.44M |
| Retained earnings | -11.05M | -11.15M | -10.65M | -3.20M | -0.36M |
| Cash | 0.05M | 0.06M | 2.25M | 5.85M | 0.13M |
| Total current liabilities | 1.38M | 1.23M | 0.76M | 1.29M | 0.10M |
| Net debt | 0.18M | 0.15M | - | - | - |
| Short long term debt | 0.23M | 0.21M | - | - | 0.05M |
| Other stockholder equity | - | - | 5.05M | 3.73M | - |
| Property plant equipment | - | - | 0.05M | 0.05M | - |
| Total current assets | 0.19M | 0.37M | 2.68M | 6.20M | 0.18M |
| Net tangible assets | - | - | 1.97M | 4.97M | 0.08M |
| Short term investments | 0.04M | 0.06M | 0.06M | 0.04M | 0.00M |
| Net receivables | - | - | 0.08M | 0.12M | 0.01M |
| Accounts payable | - | - | - | 0.75M | - |
| Non current assets total | 0.01M | 0.03M | 0.05M | 0.05M | 0.00M |
| Breakdown | 2024-07-31 | 2023-07-31 | 2022-07-31 | 2021-07-31 | 2020-07-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2024-07-31 | 2023-07-31 | 2022-07-31 | 2021-07-31 | 2020-07-31 |
| Investments | 0.02M | -0.01M | -0.02M | -0.04M | -0.04M |
| Change to liabilities | - | - | -0.45M | 0.70M | 0.06M |
| Total cashflows from investing activities | - | - | -0.04M | -0.10M | -0.10M |
| Net borrowings | -0.01M | 0.20M | - | - | 0.05M |
| Total cash from financing activities | 0.86M | 0.78M | 3.63M | 8.46M | 0.38M |
| Change to operating activities | - | - | -0.05M | -0.25M | -0.06M |
| Net income | -1.55M | -3.41M | -7.45M | -2.84M | -0.36M |
| Change in cash | -0.01M | -2.19M | -3.60M | 5.73M | 0.13M |
| Begin period cash flow | 0.06M | 2.25M | 5.85M | 0.13M | 0.00M |
| End period cash flow | 0.05M | 0.06M | 2.25M | 5.85M | 0.13M |
| Total cash from operating activities | -0.89M | -2.97M | -7.19M | -2.63M | -0.25M |
| Issuance of capital stock | 0.94M | 0.61M | 3.75M | 9.64M | 0.35M |
| Depreciation | 0.03M | 0.03M | 0.02M | 0.01M | 0.01M |
| Other cashflows from financing activities | - | - | -0.14M | -1.18M | -0.01M |
| Change to netincome | - | - | 0.75M | -0.24M | 0.10M |
| Capital expenditures | 0.00M | 0.01M | 0.02M | 0.06M | 0.06M |
| Change in working capital | 0.50M | 0.61M | -0.50M | 0.44M | 0.00M |
| Stock based compensation | 0.11M | 0.16M | 0.90M | 0.03M | - |
| Other non cash items | 0.02M | -0.36M | -0.16M | -0.37M | 0.01M |
| Free cash flow | -0.89M | -2.97M | -7.21M | -2.69M | -0.25M |
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) |
|---|---|---|---|---|---|---|---|
| ETU E2Gold Inc |
- -% |
0.01 | - | - | - | 5.27 | -1.83 |
| OMG Omai Gold Mines Corp |
0.05 2.96% |
1.74 | - | - | - | 62.63 | -4.09 |
| ASE Asante Gold Corporation |
- -% |
0.66 | - | 6.57 | 2.23 | 269.42 | 49.52 |
| THX Thor Explorations Ltd. |
0.09 9.78% |
1.01 | 3.41 | 2.77 | 2.87 | 1.88 | 2.44 |
| MKO Mako Mining Corp |
0.20 1.81% |
11.25 | 18.47 | 2.34 | 6.21 | 4.73 | 10.00 |
E2Gold Inc., a junior exploration company, engages in the acquisition, exploration, evaluation, and development of mineral properties in Canada. The company explores for gold, precious metals, and other minerals and metals. Its flagship project is the Hawkins Gold Property that consist of 3,310 claims covering an area of approximately 701 square kilometers located in the north central Ontario, Canada. The company was formerly known as 5003754 Ontario Inc. and changed its name to E2Gold Inc. in February 2020. The company was incorporated in 2018 and is headquartered in Toronto, Canada.
| Name | Title | Year Born |
|---|---|---|
| Dr. Eric O. Owens M.Sc., P.Geo. | CEO & Director | 1956 |
| Ms. Ellie Owens J.D., M.Sc. | Co-Founder, Pres & In House Gen. Counsel | NA |
| Mr. Carmelo Marrelli ACIS, B.Comm., CA, CGA, CPA | Chief Financial Officer | 1971 |
| Ms. Jennifer Campbell B.A., L.L.B., L.L.M. | Corp. Counsel | NA |
| Mr. Kyle Nazareth | Chief Financial Officer | 1991 |
| Ms. Jennifer Campbell B.A., L.L.B., L.L.M. | Corporate Counsel | NA |
| Dr. Eric O. Owens M.Sc., P.Geo., Ph.D. | Interim CFO, CEO & Director | 1956 |
| Mr. Jeffrey W. Pritchard B.Sc. | VP of Corporate Development & Independent Director | 1959 |
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