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

• Market Cap: C$86.92M
• Dividend Yield: N/A
• Average Volume (3M): 711.00
• Price to Earnings (P/E): ―
• Beta (1Y): -0.15
• Revenue Growth: N/A
• EPS Growth: 70.47%
• Country: CA
• Employees: N/A
• Sector: Energy
• Sector Strength: 42
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 102,259,490
• 10 Day Avg. Volume: 1,600
• 30 Day Avg. Volume: 711
• PEG Ratio: -1.04
• Price to Book (P/B): 2.65
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -17.48
• 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

• Rating: 39 Underperform
• Price Target: ―

Canadian North Resources, Inc. struggles with poor financial performance due to no revenue and increasing losses, significantly impacting its overall stock score. Despite these challenges, recent corporate events such as share repurchases and advancements in sustainable practices offer some positive prospects. Technical analysis does not indicate a strong trend, and valuation concerns remain due to the negative P/E ratio, leading to a score close to the lower end of the spectrum.

Canadian North Resources, Inc. Business Overview & Revenue Model

Company Description

Canadian North Resources, Inc. (CNRI) is a mining exploration and development company based in Canada. The company primarily focuses on the exploration and development of mineral properties, with an emphasis on nickel, copper, cobalt, platinum, palladium, and gold. CNRI aims to discover and develop significant mineral resources that can contribute to the supply of critical metals necessary for various industrial applications and technological advancements.

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 significant financial challenges with no revenue generation and persistent losses. While the balance sheet shows low leverage, the inability to produce positive cash flow from operations and the reliance on external financing highlight financial instability. The company must address its revenue and profit generation strategies to improve its financial health.

Income Statement

Canadian North Resources, Inc. has consistently reported zero revenue and negative net income across the evaluated periods, indicating an inability to generate sales or profits. The absence of revenue growth, coupled with increasing losses, raises concerns about the company's operational viability.

Balance Sheet

The company's balance sheet shows a strong equity position with low debt levels, as indicated by a consistently low debt-to-equity ratio. However, the lack of revenue generation and continuous losses could erode equity over time, posing a risk to financial stability.

Cash Flow

Canadian North Resources, Inc. exhibits negative free cash flow across all periods, indicating challenges in generating cash from operations. The reliance on financing activities to sustain operations poses a risk to liquidity in the absence of revenue growth.

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
-37.60K	-991.99K	-65.95K	-25.11K	-25.29K	-13.41K
	EBIT
-3.83M	-6.87M	-3.99M	-1.47M	-304.20K	-86.80K
	EBITDA
-3.78M	-3.17M	-3.92M	-1.42M	-278.91K	-73.39K
	Net Income Common Stockholders
-3.78M	-6.40M	-3.80M	-1.45M	-304.20K	-86.80K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
4.75M	5.54M	11.07M	19.03M	1.55M	3.12K
	Total Assets
49.35M	50.18M	34.64M	25.31M	4.25M	2.53M
	Total Debt
1.69M	1.92M	0.00	0.00	0.00	0.00
	Net Debt
-3.06M	-3.62M	-11.07M	-19.03M	-1.55M	-3.12K
	Total Liabilities
4.68M	5.17M	3.51M	2.27M	1.66M	3.13M
	Stockholders Equity
44.67M	45.00M	31.13M	23.04M	2.59M	-604.37K
Cash Flow		Free Cash Flow
-11.55M	-21.35M	-17.21M	-5.35M	-355.06K	-175.69K
	Operating Cash Flow
-1.39M	-2.80M	-1.83M	-1.72M	-161.75K	-27.43K
	Investing Cash Flow
-10.16M	-18.18M	-15.38M	-3.63M	-193.31K	-148.25K
	Financing Cash Flow
6.00M	15.45M	9.25M	22.82M	1.91M	172.13K

Canadian North Resources, Inc. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.85
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 0.85 is below the 20-day moving average (MA) of 0.91, below the 50-day MA of 0.96, and below the 200-day MA of 1.01, indicating a bearish trend. The MACD of -0.04 indicates Positive momentum. The RSI at 41.83 is Neutral, neither overbought nor oversold. The STOCH value of 44.44 is Neutral, 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
NGD	72 Outperform	C$4.68B	25.60	14.62%	―	23.61%	―
BTO	70 Outperform	$5.90B	―	-17.61%	4.26%	5.97%	-1677.31%
LUN	70 Outperform	$10.72B	25.63	2.66%	2.85%	-8.36%	-200.42%
IVN	69 Neutral	$17.64B	29.56	9.67%	―	―	137.28%
GOOS	67 Neutral	$1.57B	16.60	19.34%	―	4.64%	41.68%
Sector *	57 Neutral	$7.06B	3.07	-3.45%	5.82%	0.59%	-50.58%
CNRI	39 Underperform	C$86.92M	―	-4.28%	―	―	70.47%

Canadian North Resources, Inc. Corporate Events

Canadian North Resources to Repurchase 5% of Common Shares

Canadian North Resources Inc. has announced its intention to repurchase up to 5% of its common shares over the next year, as the board believes the current market price undervalues the shares. This move is part of a Normal Course Issuer Bid and aims to optimize the company’s use of funds, potentially enhancing shareholder value by canceling the repurchased shares.

Spark’s Take on TSE:CNRI Stock

According to Spark, TipRanks’ AI Analyst, TSE:CNRI is a Underperform.

Canadian North Resources, Inc. is facing significant challenges with no revenue and persistent financial losses. Despite a strong balance sheet with low leverage, the company’s inability to generate positive cash flow is a significant concern. Technical analysis provides a neutral outlook, while the lack of profitability heavily impacts valuation. However, recent corporate events, including advancements in sustainable mining and share repurchase activities, provide some positive momentum.

To see Spark’s full report on TSE:CNRI stock, click here.

Canadian North Resources Reports 2024 Achievements and Advances in Sustainable Mining

Canadian North Resources Inc. has announced significant operational and financial achievements for the year ending December 31, 2024, particularly at its Ferguson Lake Project. The company completed a new National Instrument 43-101 Technical Report, highlighting the project’s large and high-grade mineral resources, with 80% of the indicated resource being open pit. The introduction of bioleaching technology has shown promising results, with high metal extraction rates for nickel and cobalt, potentially increasing the value of the mineral resources and reducing costs. This advancement supports the company’s commitment to sustainable mining practices and positions it favorably in the industry.

Spark’s Take on TSE:CNRI Stock

According to Spark, TipRanks’ AI Analyst, TSE:CNRI is a Underperform.

Canadian North Resources, Inc. struggles with poor financial performance due to no revenue and increasing losses. Although the balance sheet shows low leverage, the company’s inability to generate positive cash flow and reliance on external financing are significant concerns. Technical indicators suggest a neutral to slightly overbought condition, and the negative P/E ratio reflects unprofitability, further impacting the stock’s attractiveness.

To see Spark’s full report on TSE:CNRI stock, click here.

Canadian North Resources Expands Bio-Leaching Program at Ferguson Lake

Canadian North Resources Inc. has announced the expansion of its metallurgical programs at the Ferguson Lake project, utilizing low-carbon bio-leaching technology. This initiative aims to enhance the extraction rates of nickel, cobalt, copper, and PGE metals, potentially increasing the project’s resource value and reducing operational costs. The company is conducting extensive bio-leaching tests to develop a mineral processing flowsheet that bypasses traditional smelting and refining processes, thereby minimizing capital expenditures and environmental impact. This advancement positions Canadian North as a leader in sustainable mining practices, with significant implications for stakeholders in terms of resource efficiency and environmental responsibility.

Canadian North Resources Updates on Share Repurchase Progress

Canadian North Resources Inc. has repurchased 162,500 common shares at an average price of $0.97 under its Normal Course Issuer Bid, aiming to acquire up to 5% of its shares by April 2025. This share repurchase demonstrates the company’s commitment to optimizing its capital structure and returning value to shareholders, with purchases continuing on the TSX Venture Exchange under current market conditions.