skip to content
  1. Home
  2. >
  3. Questions
  4. >
  5. GQ: Is there new life from the ashes? [Great Quest Gold Ltd.]
You can view 2 more answers this month. Sign up for a free trial for unlimited access.

Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: Is there new life from the ashes?
Asked by Denis on June 19, 2024
5i Research Answer:

GQ is up 400% this year, but market cap is still only $4.2M and we would not endorse anything so small. It needs to be considered a lottery ticket at best. It was halted a long time while regulators considered its acquisition of Belmont Exploration. It has little cash, has never had revenue, has never made money and has never had positive cash flow. A 5-cent stock can swing wildly of course, but there are always gamblers on such exploration companies. But we do not know it and would not suggest it in any way.