Canadian North Resources, Inc. (TSE:CNRI)
:CNRI
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Canadian North Resources, Inc.
(CNRI)
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Rating:44Neutral
Price Target:
C$0.29
▼(-41.80% Downside)
Action:ReiteratedDate:05/01/26
The score is driven primarily by weak operating performance and continued cash burn (near-zero TTM revenue, ongoing losses, negative operating and free cash flow). A low-debt, equity-supported balance sheet helps limit solvency risk, but technicals remain in a broader downtrend and valuation lacks support due to losses and no dividend.
Positive Factors
Conservative balance sheet and very low leverage
A sizable equity base and essentially zero reported debt materially reduce solvency and refinancing risk over the medium term. This capital structure provides durable runway to fund operations or strategic initiatives while management repairs operations, lowering bankruptcy risk during extended cash burn.
Negative Factors
Effectively zero trailing revenue
Near-zero trailing revenue is a fundamental weakness: without recurring sales the business lacks a sustainable cash engine. Over months this limits ability to absorb fixed costs, undermines scalability, and forces reliance on external financing or asset monetization to remain viable.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet and very low leverage
A sizable equity base and essentially zero reported debt materially reduce solvency and refinancing risk over the medium term. This capital structure provides durable runway to fund operations or strategic initiatives while management repairs operations, lowering bankruptcy risk during extended cash burn.
Read all positive factors
Canadian North Resources, Inc. (CNRI) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$34.30M
Dividend YieldN/A
Average Volume (3M)4.08K
Price to Earnings (P/E)―
Beta (1Y)1.07
Revenue GrowthN/A
EPS Growth63.10%
CountryCA
Employees10
SectorEnergy
Sector Strength52
IndustryIndustrial Materials
Share Statistics
EPS (TTM)N/A
Shares Outstanding114,325,320
10 Day Avg. Volume3,583
30 Day Avg. Volume4,081
Financial Highlights & Ratios
PEG Ratio0.84
Price to Book (P/B)2.53
Price to Sales (P/S)18250.30
P/FCF Ratio-36.41
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
Canadian North Resources, Inc. Business Overview & Revenue Model
Company Description
Canadian North Resources Inc. operates as a mining exploration and development company in Canada. The company primarily explores for nickel, copper, cobalt, palladium, platinum, and rhodium deposits. It owns 100% interest in the Ferguson Lake mini...
How the Company Makes Money
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Canadian North Resources, Inc. Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
56
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 6.00K | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -24.21K | 6.00K | -991.99K | -65.95K | -25.11K | -25.29K |
| EBITDA | -998.51K | -2.23M | -3.17M | -3.92M | -1.42M | -278.91K |
| Net Income | -711.86K | -1.89M | -6.40M | -3.80M | -1.45M | -304.20K |
Balance Sheet | ||||||
| Total Assets | 45.93M | 47.05M | 50.18M | 34.64M | 25.31M | 4.25M |
| Cash, Cash Equivalents and Short-Term Investments | 12.05K | 1.65M | 5.54M | 11.07M | 19.03M | 1.55M |
| Total Debt | 0.00 | 964.12K | 1.92M | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 3.30M | 3.70M | 5.17M | 3.51M | 2.27M | 1.66M |
| Stockholders Equity | 42.63M | 43.36M | 45.00M | 31.13M | 23.04M | 2.59M |
Cash Flow | ||||||
| Free Cash Flow | -1.28M | -3.01M | -21.35M | -17.21M | -5.35M | -355.06K |
| Operating Cash Flow | -414.00K | -1.38M | -2.80M | -1.83M | -1.72M | -161.75K |
| Investing Cash Flow | -624.01K | -1.46M | -18.18M | -15.38M | -3.63M | -193.31K |
| Financing Cash Flow | -596.17K | -1.06M | 15.45M | 9.25M | 22.82M | 1.91M |
Canadian North Resources, Inc. Technical Analysis
Neutral
0.50
Price Trends
0.36
Negative
0.43
Negative
0.56
Negative
Market Momentum
-0.01
Negative
47.57
Neutral
77.78
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CNRI, the sentiment is Neutral. The current price of 0.5 is above the 20-day moving average (MA) of 0.29, above the 50-day MA of 0.36, and below the 200-day MA of 0.56, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 47.57 is Neutral, neither overbought nor oversold. The STOCH value of 77.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:CNRI.
Canadian North Resources, Inc. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
47 Neutral | C$39.53M | -23.40 | -14.62% | ― | ― | 9.37% | |
45 Neutral | C$31.77M | -6.93 | -1.50% | ― | ― | ― | |
44 Neutral | C$34.30M | -128.63 | -1.60% | ― | ― | 63.10% | |
40 Underperform | C$40.52M | -10.21 | 59.40% | ― | ― | 9.47% |
* Energy Sector Average
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Canadian North Resources, Inc. Corporate Events
Business Operations and StrategyRegulatory Filings and Compliance
Canadian North Resources Switches to Semi-Annual Financial Reporting
Neutral
Apr 15, 2026
Canadian North Resources Inc., a Canadian venture-listed resource company with annual revenues below $10 million, operates under the regulatory framework for smaller issuers on the TSX Venture Exchange and other markets. Its modest revenue profile...
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.