Canadian North Resources, Inc. (CNRI) AI Stock Analysis

• Market Cap: C$57.16M
• Dividend Yield: N/A
• Average Volume (3M): 4.08K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.23
• Revenue Growth: N/A
• EPS Growth: 88.42%
• Country: CA
• Employees: N/A
• Sector: Energy
• Sector Strength: 52
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 114,325,320
• 10 Day Avg. Volume: 3,583
• 30 Day Avg. Volume: 4,081
• PEG Ratio: 0.84
• Price to Book (P/B): 2.53
• Price to Sales (P/S): 18250.30
• P/FCF Ratio: -36.41
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: C$0.52 ▲(3.80% Upside)

The score is held down primarily by very weak operating fundamentals (minimal revenue, large losses) and continued cash burn, despite a strong debt-free balance sheet. Technicals also lean negative with the stock below key moving averages and a negative MACD. Positive project-related bioleaching developments help, but do not yet outweigh the current lack of earnings and cash flow support.

Positive Factors

Debt-Free Balance Sheet

A debt-free balance sheet provides financial flexibility and reduces financial risk, allowing the company to invest in growth opportunities without the burden of interest payments.

Innovative Bioleaching Technology

The innovative bioleaching technology could lower operational costs and enhance sustainability, positioning the company as a leader in environmentally friendly mining processes.

Equity Base

A strong equity base provides a buffer against operational losses and supports future capital needs, enhancing the company's ability to weather financial challenges.

Negative Factors

Minimal Revenue

Minimal revenue indicates limited market penetration and challenges in scaling operations, which could hinder long-term growth and profitability.

Negative Cash Flow

Consistently negative cash flow suggests ongoing funding needs and operational inefficiencies, potentially limiting the company's ability to invest in growth initiatives.

Deeply Negative Profitability

Deeply negative profitability reflects operational challenges and inefficiencies, which could erode investor confidence and limit access to capital markets.

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 mining property comprising 10 contiguous mining leases covering an area of 9,686 hectares located in the Kivalliq Region of Nunavut, Canada. The company was formerly known as Canadian North Resources and Development Corp. and changed its name to Canadian North Resources Inc. in November 2020. Canadian North Resources Inc. was incorporated in 2013 and is headquartered in Mississauga, Canada.

How the Company Makes Money

CNRI makes money through the exploration and development of mineral deposits, which are then either sold to larger mining companies or taken into production. The company's revenue streams primarily include the sale of mineral rights, royalties from developed properties, and potential profits from the direct sale of extracted minerals. CNRI may also form strategic partnerships or joint ventures with other mining companies to share the costs and profits associated with the exploration and development of mineral resources. Factors such as fluctuating commodity prices, exploration success, and efficient project management significantly influence its earnings.

Canadian North Resources, Inc. Financial Statement Overview

Summary

Canadian North Resources, Inc. faces severe financial challenges with no revenue generation and consistent net losses. Although the balance sheet shows strong equity, assets are shrinking, and liabilities are increasing. Cash flow issues emphasize operational inefficiencies and high capital expenditures without corresponding cash inflows.

Income Statement

The company has reported no revenue over the periods observed, indicating a lack of sales activity. The TTM shows a gross profit margin of -100% due to negative gross profit. Net income has consistently been negative, resulting in a net profit margin of -100%. This reflects ongoing operational challenges and an inability to generate profits.

Balance Sheet

The company maintains a relatively low debt-to-equity ratio due to low total debt levels. Despite the lack of revenue, stockholders' equity remains positive, contributing to an equity ratio of 92.1% in TTM, showing strong capitalization. However, the company's assets are declining, and liabilities are increasing, which could pose future financial risks.

Cash Flow

The company has negative operating and free cash flows, indicating a lack of cash generation from its core operations. The operating cash flow to net income ratio is negative, showing inefficiency in converting income to cash. Free cash flow is largely negative, reflecting high capital expenditures relative to cash generated.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	6.00K	6.00K	0.00	0.00	0.00	0.00
Gross Profit	34.40K	6.00K	-991.99K	-65.95K	-25.11K	-25.29K
EBITDA	-1.13M	-2.23M	-3.17M	-3.92M	-1.42M	-278.91K
Net Income	-696.43K	-1.89M	-6.40M	-3.80M	-1.45M	-304.20K
Balance Sheet
Total Assets	45.85M	47.05M	50.18M	34.64M	25.31M	4.25M
Cash, Cash Equivalents and Short-Term Investments	27.95K	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	2.98M	3.70M	5.17M	3.51M	2.27M	1.66M
Stockholders Equity	42.87M	43.36M	45.00M	31.13M	23.04M	2.59M
Cash Flow
Free Cash Flow	-2.07M	-3.01M	-21.35M	-17.21M	-5.35M	-355.06K
Operating Cash Flow	-1.09M	-1.38M	-2.80M	-1.83M	-1.72M	-161.75K
Investing Cash Flow	-743.06K	-1.46M	-18.18M	-15.38M	-3.63M	-193.31K
Financing Cash Flow	-1.00M	-1.06M	15.45M	9.25M	22.82M	1.91M

Canadian North Resources, Inc. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.50
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CNRI, the sentiment is Negative. The current price of 0.5 is below the 20-day moving average (MA) of 0.51, below the 50-day MA of 0.52, and below the 200-day MA of 0.73, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 41.32 is Neutral, neither overbought nor oversold. The STOCH value of 11.11 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:CNRI.

Canadian North Resources, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
GMX	61 Neutral	C$138.61M	25.52	15.11%	―	-73.34%	16.21%
OCO	53 Neutral	C$137.18M	-41.09	-3.75%	―	―	29.51%
LI	52 Neutral	C$242.49M	-15.29	-7.81%	―	―	59.70%
FURY	50 Neutral	$182.87M	-1.43	-82.29%	―	―	-683.46%
CDB	47 Neutral	C$68.47M	-3.61	-309.54%	―	―	-8.78%
CNRI	46 Neutral	C$57.16M	-87.30	-1.60%	―	―	88.42%

Canadian North Resources, Inc. Corporate Events

Canadian North Resources Advances Bioleaching at Ferguson Lake Project

Canadian North Resources Inc. reported its third-quarter operational and financial results, highlighting advancements in its bioleaching programs at the Ferguson Lake project. The company achieved high extraction rates for nickel, cobalt, and copper at low temperatures without external heat or acid, indicating potential for a simplified and energy-efficient metallurgical process. These developments could significantly impact the company’s operations by reducing costs and enhancing sustainability, while ongoing communication with investors and local communities aims to support further project development.