Can U.S. Gold (NASDAQ:USAU) Afford To Invest In Growth? [Yahoo! Finance]
U.S. Gold Corp. (USAU)
US:NASDAQ Investor Relations:
usgoldcorp.gold
Company Research
Source: Yahoo! Finance
listing, if you had bought and held the shares since 1999, you would have made a fortune. Nonetheless, only a fool would ignore the risk that a loss making company burns through its cash too quickly. Given this risk, we thought we'd take a look at whether U.S. Gold NASDAQ:USAU ) shareholders should be worried about its cash burn. In this report, we will consider the company's annual negative free cash flow, henceforth referring to it as the 'cash burn'. First, we'll determine its cash runway by comparing its cash burn with its cash reserves. See our latest analysis for U.S. Gold How Long Is U.S. Gold's Cash Runway? A company's cash runway is the amount of time it would take to burn through its cash reserves at its current cash burn rate. When U.S. Gold last reported its balance sheet in October 2023, it had zero debt and cash worth US$4.0m. Looking at the last year, the company burnt through US$7.8m. That means it had a cash runway of around 6 months as of October 2023. To be
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USAU
News
- U.S. Gold Corp. to Present at SME's 9th Current Trends in Mining Finance Conference in New York [Yahoo! Finance]Yahoo! Finance
- U.S. Gold Corp. to Present at SME's 9th Current Trends in Mining Finance Conference in New YorkPR Newswire
- U.S. Gold Corp. Announces Results of its 2023 Annual General Meeting of Shareholders [Yahoo! Finance]Yahoo! Finance
- U.S. Gold Corp. Announces Results of its 2023 Annual General Meeting of ShareholdersPR Newswire
- U.S. Gold Corp. Closes $4.9 Million Non-Brokered Registered Direct Offering [Yahoo! Finance]Yahoo! Finance
USAU
Analyst Actions
- 3/1/24 - HC Wainwright
USAU
Sec Filings
- 4/29/24 - Form 8-K
- 4/23/24 - Form DEFA14A
- 4/23/24 - Form SCHEDULE
- USAU's page on the SEC website