Is U.S. Gold Corp. overvalued or undervalued?

As of 30 July 2018, the valuation grade for U.S. Gold Corp. has moved from risky to does not qualify, indicating a deterioration in its financial standing. The company is currently considered overvalued given its significant losses reflected in key ratios such as a Price to Book Value of 10.25, an EV to EBIT of -15.30, and an ROCE of -132.72%. These figures suggest that the company is not generating returns on capital and is struggling financially.
In comparison to its peers, U.S. Gold Corp. shows a stark contrast with companies like Caledonia Mining Corp. Plc, which has a fair valuation with a P/E ratio of 10.86, and Idaho Strategic Resources, Inc., also fairly valued with a P/E of 24.58. The negative EV to EBITDA of -15.46 further emphasizes the challenges U.S. Gold Corp. faces compared to its competitors. Although the company has outperformed the S&P 500 with a year-to-date return of 100.82%, the underlying financial metrics suggest it remains overvalued in the current market context.