Nickel Creek Platinum Corp (NCP) AI Stock Analysis

• Market Cap: C$2.87M
• Dividend Yield: N/A
• Average Volume (3M): 684.00
• Price to Earnings (P/E): ―
• Beta (1Y): 0.79
• Revenue Growth: N/A
• EPS Growth: 21.28%
• Country: CA
• Employees: 3
• Sector: Basic Materials
• Sector Strength: 60
• Industry: Mining
• EPS (TTM): -0.30
• Shares Outstanding: 5,627,968
• 10 Day Avg. Volume: 1,064
• 30 Day Avg. Volume: 684
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): -4.50
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Nickel Creek Platinum Corp shows significant weaknesses in financial performance due to zero revenue and persistent losses. The technical analysis indicates a bearish trend, and the valuation remains unattractive with a negative P/E ratio. The strong equity position is a positive factor, but operational improvements are needed for a better outlook.

Nickel Creek Platinum Corp Business Overview & Revenue Model

Company Description

Nickel Creek Platinum Corp (NCP) is a mining exploration and development company focused on acquiring, exploring, and developing nickel, copper, and platinum group metals (PGM) assets. The company's flagship project is the Nickel Shäw Project, located in the Yukon Territory of Canada, which is a significant source of nickel, copper, cobalt, and PGMs. Nickel Creek Platinum aims to advance this project from exploration through to production to meet the growing demand for these critical metals.

How the Company Makes Money

Nickel Creek Platinum Corp primarily generates revenue through the exploration and potential development of its mineral resources. The company's revenue model is centered on increasing the value of its flagship Nickel Shäw Project by enhancing its resource estimates through extensive exploration activities, thereby attracting investment and partnerships with larger mining companies. Revenue is anticipated to be generated from future mining operations through the sale of extracted nickel, copper, cobalt, and PGMs. Significant factors contributing to the company's earnings include fluctuations in global metal prices, successful partnerships or joint ventures with established mining firms, and advancements in project development that increase the project's feasibility and attractiveness to investors.

Nickel Creek Platinum Corp Financial Statement Overview

Summary

Nickel Creek Platinum Corp faces significant financial challenges, primarily due to zero revenue generation and persistent losses. The strong equity position provides a cushion, but negative cash flows and reliance on financing highlight potential risks. Strategic improvements in operational performance are crucial for financial stability.

Income Statement

The company has consistently reported zero revenue, indicating a lack of operational income. The absence of revenue growth and persistent negative EBIT and net income reflect ongoing operational challenges and profitability issues.

Balance Sheet

The balance sheet shows strong equity, with a healthy equity ratio of approximately 97%. The debt-to-equity ratio is low, indicating minimal leverage, which suggests financial stability. However, the total liabilities slightly increased over the periods, which demands cautious monitoring.

Cash Flow

The company experiences negative operating and free cash flows, indicating insufficient cash generation from operations. Despite positive financing cash flow, the reliance on external funding could pose risks if not managed carefully. The lack of positive cash flow growth is concerning.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
-58.56K	-113.60K	-122.79K	-143.02K	-211.17K	-306.66K
	EBIT
-1.65M	-2.43M	-1.86M	-2.21M	-2.34M	-3.31M
	EBITDA
-1.57M	-2.27M	-1.52M	-1.57M	-2.08M	-2.95M
	Net Income Common Stockholders
-1.64M	-2.39M	-1.65M	-1.76M	-2.36M	-3.34M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
668.13K	468.08K	1.82M	2.67M	1.46M	1.02M
	Total Assets
34.29M	34.09M	34.51M	32.22M	29.43M	27.98M
	Total Debt
59.46K	38.84K	118.94K	203.19K	135.61K	157.43K
	Net Debt
-608.67K	-429.25K	-1.70M	-2.00M	-1.32M	-858.08K
	Total Liabilities
853.84K	903.72K	1.00M	1.09M	976.48K	1.00M
	Stockholders Equity
33.44M	33.19M	33.50M	31.14M	28.46M	26.98M
Cash Flow		Free Cash Flow
-1.27M	―	-4.46M	-2.83M	-3.06M	-2.94M
	Operating Cash Flow
-1.10M	―	-1.24M	-1.44M	-1.92M	-2.37M
	Investing Cash Flow
-181.75K	-1.16M	-2.55M	-1.39M	-1.14M	-520.58K
	Financing Cash Flow
1.01M	1.25M	3.40M	3.57M	3.51M	1.11M

Nickel Creek Platinum Corp Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.52
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NCP, the sentiment is Negative. The current price of 0.52 is above the 20-day moving average (MA) of 0.52, below the 50-day MA of 0.53, and below the 200-day MA of 0.85, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 49.47 is Neutral, neither overbought nor oversold. The STOCH value of 53.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:NCP.

Nickel Creek Platinum Corp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LUN	64 Neutral	$10.25B	25.63	0.24%	3.13%	-2.71%	-188.94%
Sector *	47 Neutral	$2.64B	-3.21	-21.68%	3.30%	4.19%	-30.23%
IVN	47 Neutral	$17.80B	55.82	5.25%	―	―	-33.54%
WM	40 Underperform	C$60.49M	―	-3.48%	―	―	9.09%
PTM	37 Underperform	C$179.78M	―	-19.17%	―	―	13.68%
FPX	37 Underperform	C$72.46M	―	-4.25%	―	―	48.82%
NCP	36 Underperform	C$2.87M	―	-9.39%	―	―	21.28%

Nickel Creek Platinum Corp Corporate Events

Nickel Creek Shifts to TSX Venture Listing

Nickel Creek Platinum Corp. is set to transition its stock listing from the Toronto Stock Exchange to the TSX Venture Exchange, a move aimed at focusing on its exploration potential and cost efficiency. The company will maintain its trading symbol and remains committed to its Nickel Shäw Project, emphasizing its nickel and copper prospects. Additionally, the company announced the departure of long-serving board member Michele Darling.