Nordic Nickel Limited (AU:NNL)
ASX:NNL
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Nordic Nickel Limited
(Sydney:NNL)
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Rating:48Neutral
Price Target:
AU$0.18
▼(-3.68% Downside)
Action:ReiteratedDate:04/22/26
The score is held down primarily by weak financial performance (pre-revenue, ongoing losses and cash burn) despite a low-debt balance sheet. Technicals provide moderate support with price above key moving averages, but valuation remains constrained by negative earnings and no dividend yield data.
Positive Factors
Balance sheet strength / Low leverage
Minimal or zero debt and materially higher equity (to ~A$21.0m in 2025 from ~A$11.9m in 2024) provides durable financial flexibility. This lowers refinancing risk, preserves optionality for farm-outs or joint ventures and supports sustained exploration expenditure without heavy leverage.
Negative Factors
Pre-revenue status and persistent losses
The company remains pre-revenue with recurring operating and net losses, meaning long lead times to commercialization and high execution risk. Sustainable value hinges on discovery and development success, not current operations, which raises structural uncertainty for returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength / Low leverage
Minimal or zero debt and materially higher equity (to ~A$21.0m in 2025 from ~A$11.9m in 2024) provides durable financial flexibility. This lowers refinancing risk, preserves optionality for farm-outs or joint ventures and supports sustained exploration expenditure without heavy leverage.
Read all positive factors
Nordic Nickel Limited (NNL) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$67.69M
Dividend YieldN/A
Average Volume (3M)953.65K
Price to Earnings (P/E)―
Beta (1Y)0.02
Revenue GrowthN/A
EPS Growth25.21%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)0.00
Shares Outstanding376,047,970
10 Day Avg. Volume1,208,752
30 Day Avg. Volume953,654
Financial Highlights & Ratios
PEG Ratio0.20
Price to Book (P/B)0.55
Price to Sales (P/S)0.00
P/FCF Ratio-3.78
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Nordic Nickel Limited Business Overview & Revenue Model
Company Description
Nordic Nickel Limited engages in the exploration of nickel sulphides and battery minerals. Its flagship project is the Pulju project, which comprises of one granted exploration license (EL), seven EL applications, and one exploration reservation g...
How the Company Makes Money
NNL does not have publicly available information indicating recurring operating revenue from the sale of products or services (e.g., nickel production) at this stage; null. For an exploration-stage mining company, potential ways it may ultimately ...
Nordic Nickel Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
64
Positive
Cash Flow
22
Negative
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 14.64K | 726.37K | 0.00 | 0.00 |
| Gross Profit | 0.00 | 14.64K | 726.37K | 0.00 | 0.00 |
| EBITDA | 0.00 | 0.00 | -2.44M | -1.64M | 0.00 |
| Net Income | -1.27M | -1.88M | -1.41M | -1.64M | -293.43K |
Balance Sheet | |||||
| Total Assets | 21.11M | 12.27M | 13.71M | 12.09M | 1.85M |
| Cash, Cash Equivalents and Short-Term Investments | 1.82M | 1.13M | 5.39M | 10.75M | 850.22K |
| Total Debt | 0.00 | 110.67K | 0.00 | 0.00 | 31.65K |
| Total Liabilities | 162.66K | 379.62K | 2.05M | 73.94K | 136.30K |
| Stockholders Equity | 20.95M | 11.89M | 11.66M | 12.02M | 1.71M |
Cash Flow | |||||
| Free Cash Flow | -3.07M | -4.67M | -5.03M | -452.28K | -1.79M |
| Operating Cash Flow | -902.25K | -1.54M | -528.69K | -1.40M | -63.17K |
| Investing Cash Flow | -2.17M | -4.67M | -5.03M | -452.28K | -1.71M |
| Financing Cash Flow | 3.76M | 1.97M | 0.00 | 11.75M | 3.81M |
Nordic Nickel Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
50 Neutral | AU$55.22M | -1.48 | -25.04% | ― | ― | 80.64% | |
48 Neutral | AU$67.69M | -9.13 | -4.91% | ― | ― | 25.21% | |
46 Neutral | AU$90.39M | -2.12 | -16.67% | ― | ― | 42.00% | |
44 Neutral | AU$32.22M | -1.90 | -12.11% | ― | ― | 45.35% | |
42 Neutral | AU$20.58M | -2.74 | -19.15% | ― | ― | 93.90% | |
41 Neutral | AU$35.06M | -25.46 | -107.26% | ― | ― | 71.99% |
* Basic Materials Sector Average
AU:NNL
Nordic Nickel Limited
0.18
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200.00%
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Nordic Nickel Limited Corporate Events
Nordic Resources Resumes Drilling at 1.23Moz Gold-Equivalent Kopsa Project in Finland
Apr 15, 2026
Nordic Resources Limited has highlighted its 1.23 million ounce gold-equivalent resource at the Kopsa project in Finland, emphasising the asset’s location in a Tier-1 jurisdiction and its development optionality. The company reports that dri...
Nordic Resources Files Interim Financial Report for December 2025 Half-Year
Mar 16, 2026
Nordic Resources Ltd has released its interim financial report for the half-year ended 31 December 2025, detailing its consolidated financial performance, position, cash flows and changes in equity. The report, supported by an independent auditor&...
Nordic Resources Extends Kopsa Gold-Copper Mineralisation in Finland
Mar 8, 2026
Nordic Resources has reported final assay results from its 2025 maiden drill program at the Kopsa gold-copper project in Finland, with three of four new diamond holes extending mineralisation beyond the current resource boundary to the west and so...
Nordic Resources Restarts Drilling to Grow Finnish Gold Resources
Mar 2, 2026
Nordic Resources has restarted diamond drilling at its Kopsa and Kiimala Trend gold projects in Finland, launching a 3,000-metre program aimed at expanding resources and refining mine planning. The campaign follows encouraging 2025 results at Kops...
Nordic Resources Extends Gold‑Copper Mineralisation North of Kopsa Resource in Finland
Feb 23, 2026
Nordic Resources has reported a sixth batch of assay results from its maiden diamond drilling program at the Kopsa gold‑copper project in Finland, covering six holes totalling 1,278 metres. All six holes intersected significant gold‑co...
Nordic Resources updates director interests after Northgold asset deal
Feb 19, 2026
Nordic Resources Limited has disclosed a change in director Robert Wrixon’s indirect interest following a corporate transaction involving Northgold AB. His spouse, Kimberly Wrixon, received 2,764,034 fully paid ordinary shares in Nordic Reso...
Nordic Resources Uncovers New High-Grade Gold Zone North of Kopsa Deposit
Jan 26, 2026
Nordic Resources has intersected a new, previously unknown higher-grade gold-copper zone on the northern side of its Kopsa deposit in central Finland, with three maiden drillholes in the sparsely drilled northern zone all returning significant min...
Nordic Resources Extends Kopsa Gold-Copper Mineralisation and Bolsters Finnish Growth Strategy
Jan 23, 2026
Nordic Resources has completed an expanded 27-hole, 5,971m diamond drilling program at its Kopsa gold-copper project in Finland, after strong early results from 12 reported holes prompted an increase from the original 4,500m program and confirmed ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.