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Home CompaniesTrue North Gems Inc

True North Gems Inc

Basic Materials Other Precious Metals & Mining
PortfolioPortfolio WatchlistWatchlist
Company price
0.5 CAD 0.00(0%)
Last update at 2026-11-03T14:30:00Z
Market Cap
2.07M

Momentum Score

…

TGX Energy & Resources Inc. engages in the exploration and evaluation of natural resource properties in Canada. It owns interests in the True Blue Property that consists of 303 mining claims located in the Watson Lake Mining District; and Nabikok Property, which consists of 155 claims located in the Abitibi region of northwestern Quebec. The company was formerly known as True North Gems Inc. and changed its name to TGX Energy & Resources Inc. in August 2024. The company was incorporated in 2001 and is based in Vancouver, 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
0.50
Low
0.50
High
52 Week Price Range
0.12
Low
0.25
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

True North Gems Inc is a publicly listed company on the TSX Venture Exchange that identifies as a gem-focused exploration and development company; public disclosure on assets and operations is limited. Its long-term growth may be driven by successful exploration or development of gemstone deposits and broader demand for colored gemstones, which could support value if projects advance and financing is secured.
Primary investment risks include early-stage and exploration execution risk, limited public information and liquidity, the need for ongoing financing, and commodity and regulatory exposure.

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
0.50
Dividend Yield
-
Revenue TTM
0.00M
Revenue Per Share
-
Gross Profit TTM
0.03M
Debt / Equity
-
ROE
-
Net Debt
6.90M
ROCE
-1060.19%
Diluted EPS TTM
-0.03

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 -0.29M -0.20M -0.89M 0.17M -0.20M
Net income -0.36M -0.28M -0.96M -0.46M -1.62M
Selling general administrative 0.19M 0.16M 0.17M 0.17M 0.21M
Ebit - - -0.83M - -0.19M
Ebitda - - -0.84M -0.15M -0.20M
Operating income -0.20M -0.14M -0.84M -0.15M -0.20M
Interest expense 0.06M 0.05M 0.05M 0.00M 0.00M
Tax provision - - - 0.00M 0.00M
Interest income 0.00M 0.00M - - 0.00M
Net interest income -0.06M -0.05M -0.05M - 0.00M
Income tax expense - - - - 0.00M
Total revenue 0.00M 0.00M 0.00M 0.00M 0.00M
Total operating expenses 0.20M 0.14M 0.84M 0.15M 0.20M
Total other income expense net -0.03M -0.01M -0.00M 0.32M 0.00M
Discontinued operations - - -0.08M -0.08M -1.42M
Net income from continuing ops -0.29M -0.20M -0.89M 0.17M -0.20M
Net income applicable to common shares - - -0.96M -0.96M -1.62M
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 0.11M 0.09M 0.16M 0.78M 0.62M
Total liab 6.97M 6.80M 6.54M 6.25M 6.60M
Total stockholder equity -6.87M -6.71M -6.38M -5.46M -5.98M
Common stock - - 50.57M - 49.34M
Capital stock 50.78M 50.51M 50.57M 50.51M 49.34M
Retained earnings -74.38M -74.02M -73.74M -72.78M -72.32M
Cash 0.00M 0.02M 0.00M 0.72M 0.60M
Total current liabilities 0.09M 0.03M 0.08M 0.04M 6.60M
Net debt 6.90M 6.75M 6.45M 5.49M 4.83M
Short long term debt 0.01M - - - 5.44M
Other stockholder equity - - 16.79M 0.42M 0.61M
Property plant equipment - - 0.08M - -
Total current assets 0.11M 0.09M 0.08M 0.78M 0.62M
Net tangible assets - - -6.38M - -5.98M
Short term investments 0.07M 0.07M 0.05M 0.07M 0.02M
Net receivables 0.02M 0.00M 0.03M 0.00M 0.00M
Long term debt 6.89M 6.77M 6.46M 6.21M -
Accounts payable - - 0.08M - 0.36M
Non current assets total 0.00M 0.00M 0.08M 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 -0.03M 0.00M -0.01M - -
Change to liabilities - - 0.00M 0.11M 0.15M
Total cashflows from investing activities - - -0.01M -0.01M -0.01M
Net borrowings -0.18M 0.00M 0.13M 0.13M 0.13M
Total cash from financing activities 0.01M 0.00M 0.13M 0.13M 0.59M
Change to operating activities - - 0.02M 0.00M 0.01M
Net income -0.36M -0.28M -0.96M -0.46M -1.62M
Change in cash -0.02M 0.02M -0.71M 0.11M 0.54M
Begin period cash flow 0.02M 0.00M 0.72M 0.60M 0.06M
End period cash flow 0.00M 0.02M 0.00M 0.72M 0.60M
Total cash from operating activities -0.01M 0.02M -0.83M -0.83M -0.05M
Change to account receivables -0.02M 0.02M -0.02M 0.00M -0.00M
Other cashflows from financing activities - - - - -0.01M
Change to netincome - - 0.12M 0.29M 1.41M
Capital expenditures 0.00M 0.00M 0.01M 0.01M 0.01M
Change in working capital 0.20M 0.16M 0.02M 0.11M 0.16M
Other non cash items 0.06M 0.05M 0.04M -0.02M 1.11M
Free cash flow -0.01M 0.02M -0.83M -0.06M -0.05M

Peer Comparison*

Sector: Basic Materials Industry: Other Precious Metals & Mining

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)
TGX
True North Gems Inc		 -
-%		 0.50 - - - 0.05 -36.23
ARTG
Artemis Gold Inc		 4.38
12.49%		 39.51 26.36 15.55 9.89 8.93 15.40
MTA
Metalla Royalty & Streaming Ltd		 0.97
9.70%		 10.97 - 36.10 72.68 2.54 399.21
ITR
Integra Resources Corp		 0.24
8.72%		 3.06 - 5.51 3.41 3.44 15.52
GSKR
Goldsky Resources Corp.		 0.18
7.26%		 2.66 - - - 4.47 -25.01

Profile*

True North Gems Inc

TGX Energy & Resources Inc. engages in the exploration and evaluation of natural resource properties in Canada. It owns interests in the True Blue Property that consists of 303 mining claims located in the Watson Lake Mining District; and Nabikok Property, which consists of 155 claims located in the Abitibi region of northwestern Quebec. The company was formerly known as True North Gems Inc. and changed its name to TGX Energy & Resources Inc. in August 2024. The company was incorporated in 2001 and is based in Vancouver, Canada.

409 Granville Street, Vancouver, BC, Canada, V6C 1T2

604 687 8055

https://www.truenorthgems.com

Name Title Year Born
Ms. Jacqueline M. Tucker F.C.A., FCPA Chief Financial Officer 1956
Mr. Owen King CEO & Director NA
Ms. Sherry Siu Sec. 1968
Mr. Andrew Fagan Project Mang. NA
Mr. M. Bilal Bhamji C.M.A., CPA CEO & 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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