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BULGOLD Inc.

Company price
0.04 CAD 0.00(0%)
Last update at 2026-11-04T19:13:00Z
VOLUME
65666
Market Cap
3.19M

Momentum Score

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BULGOLD Inc., a gold exploration company, engages in the exploration and development of epithermal gold projects in Eastern and Central Europe. Its principal projects are the 100% owned Lutila Gold Project located in the northeast of the capital city of the Slovak Republic, Bratislava; the Kostilkovo Gold Project located in Sofia, Bulgaria; and the Kutel Gold Project located in the Eastern Rhodope, in the south-east of Bulgari. The company is headquartered in Toronto, Canada.

Source: TradingView
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Day Price Range
0.04
Low
0.04
High
52 Week Price Range
0.02
Low
0.12
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

Public information on Bulgold Inc. (ZLTO.V) is limited and formal disclosures are sparse; it is a TSX Venture–listed junior resource issuer. Long-term growth drivers would typically include successful advancement of its mineral projects, access to capital to fund development, and supportive commodity prices; these factors may benefit investors seeking high-upside small-cap exposure.
Key risks include high operational and execution risk common to junior explorers, low stock liquidity and marketability, potential share dilution from additional financings, and exposure to regulatory, environmental and geopolitical uncertainties.

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
0.04
Dividend Yield
-
Revenue TTM
0.00M
Revenue Per Share
-
Gross Profit TTM
0.00M
Debt / Equity
-
ROE
-23.78%
Net Debt
-
ROCE
-21.20%
Diluted EPS TTM
-0.01

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Type yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Income before tax -0.59M -0.67M -1.87M -0.41M
Net income -0.59M -0.67M -1.87M -0.41M
Selling general administrative 0.48M 0.60M 1.02M 0.38M
Gross profit 0.00M -0.00M -0.00M 0.00M
Reconciled depreciation 0.00M 0.00M 0.00M -0.00M
Operating income -0.60M -0.71M -1.91M -0.38M
Interest income 0.01M 0.04M 0.04M 0.03M
Net interest income 0.01M 0.04M 0.04M -0.03M
Total revenue 0.00M 0.00M 0.00M 0.00M
Total operating expenses 0.60M 0.71M 1.91M 0.38M
Cost of revenue 0.00M 0.00M 0.00M -0.00M
Net income from continuing ops -0.59M -0.67M -1.87M -0.41M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 3.54M 2.77M 3.27M 0.62M 0.39M
Total liab 0.73M 0.63M 0.62M 0.69M 0.02M
Total stockholder equity 2.81M 2.14M 2.65M -0.07M 0.37M
Capital stock 5.21M 4.23M 4.23M 0.48M 0.37M
Retained earnings -3.69M -3.10M -2.43M -0.56M -0.00M
Cash 0.26M 0.31M 2.00M 0.08M 0.32M
Total current liabilities 0.73M 0.62M 0.62M 0.14M 0.02M
Total current assets 0.33M 0.37M 2.10M 0.14M 0.39M
Accounts payable 0.52M 0.52M 0.21M 0.04M -
Non current assets total 3.21M 2.39M 1.17M 0.48M 0.00M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Type yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total cash from financing activities 0.99M 0.00M 1.81M 0.58M
Net income -0.59M -0.67M -1.87M -0.41M
Change in cash -0.01M -1.70M 1.96M 0.13M
Begin period cash flow 0.31M 1.98M 0.08M 0.05M
End period cash flow 0.26M 0.31M 2.02M 0.08M
Total cash from operating activities -0.37M -0.47M -0.94M -0.36M
Issuance of capital stock 1.08M 0.00M 2.21M 0.48M
Depreciation 0.00M 0.00M 0.00M -0.00M
Change to account receivables - - -0.01M -0.00M
Capital expenditures 0.64M 1.24M 0.70M 0.09M
Change in working capital 0.10M 0.06M -0.01M -0.08M
Stock based compensation 0.12M 0.14M 0.19M 0.00M
Other non cash items - - 0.76M 0.13M
Free cash flow -1.01M -1.71M -1.64M -0.45M

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)
ZLTO
BULGOLD Inc.
-
-%
0.04 - - - 1.14 0.24
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*

BULGOLD Inc.

BULGOLD Inc., a gold exploration company, engages in the exploration and development of epithermal gold projects in Eastern and Central Europe. Its principal projects are the 100% owned Lutila Gold Project located in the northeast of the capital city of the Slovak Republic, Bratislava; the Kostilkovo Gold Project located in Sofia, Bulgaria; and the Kutel Gold Project located in the Eastern Rhodope, in the south-east of Bulgari. The company is headquartered in Toronto, Canada.

82 Richmond Street East, Toronto, ON, Canada, M5C 1P1

416 848 6869

Name Title Year Born
Mr. James Arnott Crombie B.Sc. Executive Chairman 1958
Mr. Sean M. Hasson CEO, President & Director 1973
Mr. Jeffrey Allen Pennock Chief Financial Officer 1960
Mr. Danko Zhelev Chief Geologist NA
Dr. Demetrios Constantinides MSc Geology, Ph.D. Managing Director of Slovakia 1945
Mr. Andrew Newbury CPA Corporate Secretary 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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