Goldshore Resources Inc
Gold X2 Mining Inc., engages in the exploration and development of gold in Canada. It holds 100% in the Moss Gold Project located in Ontario, Canada. The company was formerly known as Goldshore Resources Inc. and changed its name to Gold X2 Mining Inc. in September 2025. The company is headquartered in Vancouver, Canada.
Goldshore Resources Inc (GSHRF) - Cash Flow Conversion Efficiency
Latest cash flow conversion efficiency as of September 2025: -0.010x
Based on the latest financial reports, Goldshore Resources Inc (GSHRF) has a cash flow conversion efficiency ratio of -0.010x as of September 2025.
Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow ($-1.28 Million) by net assets ($124.65 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Goldshore Resources Inc - Cash Flow Conversion Efficiency Trend (2019–2024)
This chart illustrates how Goldshore Resources Inc's cash flow conversion efficiency has evolved over time, based on yearly financial data. Explore and compare other companies by cash flow conversion efficiency.
Goldshore Resources Inc Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Goldshore Resources Inc ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Kewal Kiran Clothing Limited
NSE:KKCL
|
0.054x |
|
Sonaecom S.G.P.S. S.A
STU:XOA1
|
-0.002x |
|
Accsys Technologies PLC
PINK:ACSYF
|
0.058x |
|
Prairie Operating Co. Common Stock
OTCQB:PROP
|
-0.077x |
|
Everest Textile Co Ltd
TW:1460
|
-0.004x |
|
Western Investment Company of Canada Limited
V:WI
|
0.074x |
|
CLS HLDGS PLC LS-025
F:838
|
N/A |
|
Harbin Bank Co. Ltd
F:5H6
|
-1.253x |
Annual Cash Flow Conversion Efficiency for Goldshore Resources Inc (2019–2024)
The table below shows the annual cash flow conversion efficiency of Goldshore Resources Inc from 2019 to 2024.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2024-12-31 | $92.67 Million | $-2.52 Million | -0.027x | +24.27% |
| 2022-12-31 | $73.82 Million | $-2.65 Million | -0.036x | +38.22% |
| 2021-12-31 | $64.57 Million | $-3.75 Million | -0.058x | +97.34% |
| 2020-12-31 | $668.66K | $-1.46 Million | -2.186x | -753.49% |
| 2019-12-31 | $-467.00K | $-156.25K | 0.335x | -- |