One-glance verdict
Not enough data
Fair value unavailable
Not enough cash-flow history to value this one with our method.
Fundamentals snapshot
Freegold Limited
FGOVF · OQX · Basic Materials · Other Industrial Metals & Mining
Current price
$0.60
52-week range
$0.55 - $1.41
Market cap
$346.69M
Balance sheet
Healthy
-60.40x Concerning
Net cash $42.37M. Interest coverage shows how many times profit covers the interest bill.
What stands out
0 Rewards
1 Risk
0 rewards · 1 risks
View details ↓What this company does
Freegold Limited
Freegold Limited is a company that explores for gold and other metals in places like Alaska. Right now, their main activity is looking for valuable mineral deposits on their land claims, which is how they hope to make money in the future. This matters because if they find a good deposit, it could become a mine that generates significant revenue.
How the company got here
Freegold Limited, originally incorporated in 1985 and formerly known as Freegold Ventures Limited, is a company focused on finding valuable metal deposits. It has spent decades acquiring and exploring land in the United States and Canada, hoping to discover significant amounts of gold and other metals. The company officially changed its name to Freegold Limited in July 2026, signaling a new chapter in its long history of exploration. Its primary focus has been on properties like the Golden Summit in Alaska, a large area with numerous claims where it hopes to uncover profitable mineral resources.
What it actually does
Freegold Limited is an exploration-stage company, meaning its main activity is searching for and evaluating potential mineral deposits, rather than mining and selling them. Think of it like a treasure hunter, but instead of looking for buried chests, they are using geological surveys and drilling to find areas rich in gold and other metals. The company holds rights to large tracts of land, such as its Golden Summit property in Alaska, where it conducts its search. If successful, the goal is to eventually develop these discoveries into mines, but for now, the focus is purely on exploration and proving the existence of valuable resources.
Golden Summit Property
The Golden Summit Property represents Freegold Limited's most significant asset and is the primary focus of its exploration efforts. Located in the Fairbanks Mining District of Alaska, this property spans a vast area encompassing patented claims, federal claims, and state claims. Freegold is actively exploring this land to identify and assess potential gold deposits. The success of this exploration is crucial for the company's future, as it represents the potential for a major discovery that could form the basis of a future mining operation.
Shorty Creek Project
The Shorty Creek Project is another key area where Freegold Limited is conducting its exploration activities. While details are less extensive than for Golden Summit, this project is part of the company's broader strategy to identify and evaluate precious and base metal properties. It represents an additional opportunity for Freegold to discover valuable mineral resources. The company's investment in projects like Shorty Creek demonstrates its commitment to a diversified exploration approach, seeking potential riches across multiple promising locations.
What management is betting on now
Freegold Limited's management is betting on the potential for significant discoveries within its extensive land holdings, particularly at the Golden Summit property. Their strategy revolves around diligent exploration, using geological data and drilling to prove the economic viability of the gold deposits they believe exist. The company's future hinges on successfully identifying and delineating these resources to attract further investment or develop them into producing mines. This focused approach on exploration is their primary path to creating value for shareholders.
Price history
How the share price has moved
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Is it cheap or expensive?
Fair value — vs current price $0.60
We couldn't calculate a fair value right now.
Is it drowning in debt?
Healthy
Net cash $42.4M - more cash than debt. Interest coverage -60.4x.
Net debt
$-42.37M
Interest coverage
-60.40x
Freegold Limited's profit covers its interest bill about 0.0 times over. which is weaker than most peers shown here and 4 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Healthy
Worse cushion
Baseline
Better cushion
FGOVF
BASELINE
Freegold Limited
Total debt $11.11K Interest coverage -60.40x This is the baseline the peer rows are being compared against.
Total debt $0.00 Interest coverage -61.40x Neither company has much profit cushion over interest right now.
Total debt $0.00 Interest coverage -16.22x Neither company has much profit cushion over interest right now.
Total debt $81.90K Interest coverage -67.65x Neither company has much profit cushion over interest right now.
Total debt $11.80M Interest coverage -4.92x Neither company has much profit cushion over interest right now.
What you should know
The case for and against FGOVF
0 Rewards
1 Risk
Rewards
Risks
-
Return on equity was -4.8% last year — the company lost money on shareholders' equity.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
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Forward P/E
—
P/B
2.11x
P/S
—
EV/EBITDA
-261.42x
PEG ratio
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Profitability
How much profit each dollar creates
Gross margin
0.0%
Operating margin
0.0%
Net margin
0.0%
ROE
-4.8%
ROA
-3.2%
Health
Liquidity and balance-sheet strength
Debt / equity
0.00x
Current ratio
15.58x
Quick ratio
15.50x
Total debt
$11.11K
Total cash
$42.38M
Growth
How the business has been compounding
Revenue TTM
$0.00
Revenue 5Y CAGR
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EPS TTM
-0.01
EPS 5Y CAGR
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Cash flow
How much cash the business throws off
Operating CF TTM
$-825.48K
Free CF TTM
$-1.42M
FCF margin
—
Dividend
Shareholder payout
Yield
0.0%
Payout ratio
0.0%
Last ex-div date
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