Nickel North Exploration (NNX) AI Stock Analysis

• Market Cap: C$1.51M
• Dividend Yield: N/A
• Average Volume (3M): 1.04K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.17
• Revenue Growth: N/A
• EPS Growth: 37.78%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 60
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 100,435,490
• 10 Day Avg. Volume: 1,100
• 30 Day Avg. Volume: 1,038
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): -7.30
• P/FCF Ratio: 8.20
• 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 North Exploration's overall score is heavily impacted by its poor financial performance, characterized by no revenue, high leverage, and negative cash flows. The technical analysis suggests potential weakness, and the valuation score is low due to ongoing losses and no dividends. These factors contribute to a low overall stock score.

Nickel North Exploration Business Overview & Revenue Model

Company Description

Nickel North Exploration (NNX) is a junior mining company focused on the exploration and development of nickel and other base metal deposits. The company operates primarily within the mining and metals sector, with its core activities centered on identifying, acquiring, and advancing exploration projects in Canada. Nickel North Exploration aims to capitalize on the growing demand for nickel, driven by the electric vehicle industry and other industrial applications, by positioning itself as a key player in the supply chain for this critical metal.

How the Company Makes Money

Nickel North Exploration generates revenue through the exploration and development of its mineral properties. The company makes money by increasing the value of its exploration assets through exploration activities, such as drilling and geological surveys, which can lead to the discovery of economically viable nickel and base metal deposits. Once a deposit is identified and proven economically feasible, Nickel North can either develop the mine to extract and sell the minerals or enter into joint ventures or partnerships with larger mining companies to share the cost and profit. Additionally, the company may earn income by selling or optioning its exploration properties to other mining companies seeking to expand their resource bases. Key revenue streams include the sale of minerals, joint venture agreements, and property transactions. Strategic partnerships and favorable market conditions for nickel, driven by demand from the electric vehicle and renewable energy sectors, significantly contribute to the company's earnings.

Nickel North Exploration Financial Statement Overview

Summary

Nickel North Exploration is facing severe financial challenges with no revenue, consistent losses, high leverage, and negative cash flows. The company's reliance on external financing to support operations increases its financial risk.

Income Statement

Nickel North Exploration has reported no revenue over the analyzed periods, indicating a lack of operational income. Consistent net losses and negative EBIT and EBITDA margins reflect ongoing operational challenges and a significant lack of profitability.

Balance Sheet

The company has a negative stockholders' equity, indicating liabilities exceed assets significantly, which is a risky financial position. The high debt-to-equity ratio reflects substantial leverage, and the equity ratio is negative, further emphasizing financial instability.

Cash Flow

Operating cash flow is consistently negative, indicating cash outflow from operations. However, there is some financing activity, suggesting reliance on external funding. The free cash flow is also negative, showing challenges in generating cash after capital expenditures.

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	-5.50K	-609.00	-860.00
	EBIT
-260.82K	-395.88K	-791.84K	-143.97K	-199.38K	-272.35K
	EBITDA
-286.15K	-35.45K	-791.84K	-87.84K	-198.77K	-298.77K
	Net Income Common Stockholders
-558.34K	-621.84K	-935.24K	-226.03K	-230.37K	-301.39K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
53.89K	26.58K	35.31K	10.12K	51.89K	32.37K
	Total Assets
10.86M	46.22K	142.74K	10.82M	10.85M	10.83M
	Total Debt
893.47K	2.11M	1.80M	1.53M	1.30M	1.09M
	Net Debt
839.58K	2.09M	1.76M	1.52M	1.25M	1.06M
	Total Liabilities
1.19M	2.35M	1.87M	1.80M	1.70M	1.45M
	Stockholders Equity
9.68M	-2.30M	-1.73M	9.02M	9.14M	9.37M
Cash Flow		Free Cash Flow
-114.48K	-137.48K	-838.88K	-161.78K	-70.48K	-121.52K
	Operating Cash Flow
-114.48K	-137.48K	-838.88K	-146.44K	-70.13K	-108.08K
	Investing Cash Flow
0.00	28.75K	0.00	-15.34K	-350.00	-13.43K
	Financing Cash Flow
71.25K	100.00K	864.07K	120.00K	90.00K	100.00K

Nickel North Exploration Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.02
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NNX, the sentiment is Positive. The current price of 0.02 is below the 20-day moving average (MA) of 0.02, above the 50-day MA of 0.02, and above the 200-day MA of 0.02, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 52.89 is Neutral, neither overbought nor oversold. The STOCH value of <0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:NNX.

Nickel North Exploration Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CNC	53 Neutral	$188.68M	―	-0.58%	―	―	91.44%
Sector *	47 Neutral	$2.43B	-3.11	-22.65%	3.59%	4.02%	-28.96%
FPX	42 Neutral	C$78.76M	―	-4.25%	―	―	48.82%
WM	38 Underperform	C$54.99M	―	-3.48%	―	―	9.09%
NCX	33 Underperform	C$177.48M	―	-73.59%	―	―	-62.76%
NNX	24 Underperform	C$1.51M	―	20.69%	―	―	37.78%

Nickel North Exploration Corporate Events

Nickel North Extends Option Agreement for Hawk Ridge Project

Nickel North Exploration Corp. has announced an extension of its option agreement with 1844 Resources Inc. concerning the Hawk Ridge nickel/copper project in northeastern Quebec. The amendment extends the deadline from January 25, 2025, to February 28, 2025, while maintaining the original terms and conditions, pending Exchange Approval. This extension allows the company more time to explore and potentially enhance its strategic positioning in the critical minerals sector, reflecting its importance in Quebec’s plan for the development of critical and strategic metals.

Nickel North Changes Private Placement Strategy

Nickel North Exploration is shifting its private placement strategy from convertible debentures to offering units, aiming to raise $250,000 by issuing 6,250,000 units at $0.04 each. This move involves issuing common shares and warrants, with insiders potentially participating under specific exemptions. The funds are intended for general working capital, with no significant portion earmarked for investor relations or related parties.

Nickel North Options Hawk Ridge Project in Quebec

Nickel North Exploration has entered into an agreement with 1844 Resources to potentially acquire a 100% interest in the high-grade Hawk Ridge copper/nickel project in Quebec. The agreement includes a non-refundable cash payment and the issuance of 5 million common shares to Nickel North, with additional payments required for 1844 to earn an 80% interest.

Nickel North Exploration Announces New Private Placement

Nickel North Exploration has announced a non-brokered private placement of up to $200,000 in convertible debentures with a 5% interest rate and a 12-month maturity. The proceeds will be used for general working capital, and insiders may participate, constituting a related party transaction under Canadian regulations.