Class 1 Nickel & Technologies (NICO) AI Stock Analysis

• Market Cap: C$35.69M
• Dividend Yield: N/A
• Average Volume (3M): 6.04K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.39
• Revenue Growth: N/A
• EPS Growth: 56.67%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 60
• Industry: Industrial Materials
• EPS (TTM): -0.01
• Shares Outstanding: 178,438,350
• 10 Day Avg. Volume: 9,821
• 30 Day Avg. Volume: 6,045
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): 161.60
• P/FCF Ratio: 134.40
• 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

Class 1 Nickel & Technologies faces significant financial challenges, including persistent losses and negative cash flow, severely impacting its financial health. The technical analysis suggests a bearish trend, although the stock appears oversold, which might limit further declines. The lack of profitability and dividend yield further detracts from its investment appeal.

Class 1 Nickel & Technologies Business Overview & Revenue Model

Company Description

Class 1 Nickel & Technologies (NICO) is a Canadian mining exploration company focused on the acquisition, exploration, and development of high-quality nickel-cobalt-copper deposits. The company operates primarily in the mining sector, targeting class 1 nickel sulfide projects that are essential for the production of electric vehicle batteries and other advanced technologies. Its main project is located in Timmins, Ontario, where it seeks to leverage its expertise to develop sustainable and economically viable mining operations.

How the Company Makes Money

Class 1 Nickel & Technologies makes money through the exploration and development of valuable mineral resources, primarily class 1 nickel sulfide deposits. The company's revenue model centers on the sale of extracted minerals, particularly nickel, which is in high demand due to its critical role in the production of batteries for electric vehicles and other technologies. Additionally, the company may enter into strategic partnerships and joint ventures with other mining companies or investors to enhance its exploration efforts and share risks and rewards. By advancing its projects to the production stage, Class 1 Nickel & Technologies aims to generate significant revenue from the sale of nickel and associated minerals.

Class 1 Nickel & Technologies Financial Statement Overview

Summary

Class 1 Nickel & Technologies is facing significant financial distress, evidenced by persistent losses, negative equity, and cash flow challenges. The absence of revenue generation further exacerbates these issues, posing substantial risks to financial health and sustainability.

Income Statement

Class 1 Nickel & Technologies has reported zero revenue over multiple periods, indicating a lack of sales activity. The company consistently reports negative net income and EBIT, reflecting ongoing operational losses without any revenue inflow. This severely impacts profitability and indicates a challenging financial position.

Balance Sheet

The company's balance sheet reveals significant challenges, with negative stockholders' equity and a high debt load, reflected in the substantial debt-to-equity ratio. The equity ratio is also negative, highlighting financial instability and risk, which could affect future operations.

Cash Flow

The cash flow statement shows negative free cash flow and operating cash flow, indicating cash outflows from operations without any revenue generation. Financing activities have provided some cash inflow, but this may not be sustainable long-term. The company faces cash management challenges, impacting liquidity.

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
0.00	0.00	0.00	0.00	8.95K	26.22K
	EBIT
-2.00M	-1.60M	-5.86M	-15.39M	-1.74M	-1.59M
	EBITDA
-775.48K	-158.17K	0.00	0.00	0.00	-189.78K
	Net Income Common Stockholders
-2.21M	-2.02M	-5.34M	-15.35M	-1.73M	-1.54M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
174.21K	82.40K	106.46K	2.15M	3.86M	174.21K
	Total Assets
199.51K	546.20K	854.48K	2.70M	4.02M	199.51K
	Total Debt
22.01K	1.97M	1.05M	0.00	―	22.01K
	Net Debt
-152.20K	1.89M	940.84K	-2.15M	―	-152.20K
	Total Liabilities
70.06K	2.48M	2.33M	1.55M	518.84K	70.06K
	Stockholders Equity
129.46K	-1.93M	-1.48M	1.15M	3.50M	129.46K
Cash Flow		Free Cash Flow
-1.05M	-2.26M	-5.97M	-6.75M	-1.55M	-175.79K
	Operating Cash Flow
-1.05M	-2.26M	-5.97M	-6.75M	-1.55M	-175.79K
	Investing Cash Flow
0.00	0.00	0.00	0.00	0.00	0.00
	Financing Cash Flow
907.42K	2.24M	3.92M	5.04M	5.24M	―

Class 1 Nickel & Technologies Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.20
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NICO, the sentiment is Neutral. The current price of 0.2 is below the 20-day moving average (MA) of 0.21, above the 50-day MA of 0.20, and above the 200-day MA of 0.19, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 47.41 is Neutral, neither overbought nor oversold. The STOCH value of 26.39 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:NICO.

Class 1 Nickel & Technologies Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PGE	53 Neutral	C$41.92M	―	-79.38%	―	―	34.27%
Sector *	49 Neutral	$1.95B	-1.59	-21.99%	3.77%	0.61%	-27.45%
CNC	47 Neutral	$184.83M	―	-0.58%	―	―	91.44%
NICU	45 Neutral	C$267.03M	―	-76.77%	―	―	-53.43%
FPX	42 Neutral	C$77.16M	―	-4.25%	―	―	48.82%
KNC	35 Underperform	$1.31M	―	-189.81%	―	―	-199.66%
NICO	24 Underperform	C$35.69M	―		―	―	56.67%

Class 1 Nickel & Technologies Corporate Events

Class 1 Nickel Advances Exploration in Timmins

Class 1 Nickel & Technologies is advancing its Alexo-Dundonald Nickel Sulphide Project in Timmins, Canada by updating its mineral resource estimates across several deposits. The company is focusing on both high-grade nickel sulphide development and identifying large-tonnage, low-grade deposits to unlock the project’s full potential.

Green Panda to Merge and Rebrand as Thistle Resources

Green Panda Capital Corp. is set to merge with Thistle Resources Corp., pending regulatory approval, and rebrand as Thistle Resources Inc., trading under a new symbol on the TSX Venture Exchange. The company plans a significant share consolidation and a private placement to raise up to $3 million. Trading of the company’s shares is currently halted until the transaction is finalized.

Class 1 Nickel Updates Mineral Resources in Ontario

Class 1 Nickel & Technologies has announced an updated mineral resource estimate for its Dundonald South Nickel Sulphide Deposit, part of the Alexo-Dundonald Nickel Sulphide Project in Ontario. With significant increases in the indicated resources, the company is optimistic about the economic potential of these deposits and plans further exploration and drilling in 2025. This development underscores the promising future for nickel-copper-PGE sulphide resources at the project.