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

• Market Cap: C$104.04M
• Dividend Yield: N/A
• Average Volume (3M): 824.00
• Price to Earnings (P/E): ―
• Beta (1Y): -0.11
• Revenue Growth: N/A
• EPS Growth: 70.47%
• Country: CA
• Employees: N/A
• Sector: Energy
• Sector Strength: 67
• Industry: Industrial Materials
• EPS (TTM): 0.00
• Shares Outstanding: 114,325,320
• 10 Day Avg. Volume: 822
• 30 Day Avg. Volume: 824
• PEG Ratio: -0.36
• Price to Book (P/B): 7.78
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -14.07
• 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 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
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00
	Gross Profit
-24.21K	-991.99K	-65.95K	-25.11K	-25.29K
	EBIT
-2.40M	-6.87M	-3.99M	-1.47M	-304.20K
	EBITDA
-2.23M	-3.17M	-3.92M	-1.42M	-278.91K
	Net Income Common Stockholders
-1.89M	-6.40M	-3.80M	-1.45M	-304.20K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.65M	5.54M	11.07M	19.03M	1.55M
	Total Assets
47.05M	50.18M	34.64M	25.31M	4.25M
	Total Debt
964.12K	1.92M	0.00	0.00	0.00
	Net Debt
-682.11K	-3.62M	-11.07M	-19.03M	-1.55M
	Total Liabilities
3.70M	5.17M	3.51M	2.27M	1.66M
	Stockholders Equity
43.36M	45.00M	31.13M	23.04M	2.59M
Cash Flow		Free Cash Flow
-3.01M	-21.35M	-17.21M	-5.35M	-355.06K
	Operating Cash Flow
-1.38M	-2.80M	-1.83M	-1.72M	-161.75K
	Investing Cash Flow
-1.46M	-18.18M	-15.38M	-3.63M	-193.31K
	Financing Cash Flow
-1.06M	15.45M	9.25M	22.82M	1.91M

Canadian North Resources, Inc. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.94
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• 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 0.94 is above the 20-day moving average (MA) of 0.89, above the 50-day MA of 0.93, and below the 200-day MA of 0.99, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 50.46 is Neutral, neither overbought nor oversold. The STOCH value of 76.67 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	77 Outperform	$5.27B	29.02	14.62%	―	23.61%	―
BTO	76 Outperform	C$6.75B	―	-17.61%	2.15%	5.97%	-1677.31%
LUN	75 Outperform	C$11.92B	25.63	2.66%	0.79%	-8.36%	-200.42%
IVN	69 Neutral	$13.37B	22.40	9.67%	―	―	137.28%
GOOS	67 Neutral	$1.45B	15.33	19.34%	―	4.64%	41.68%
Sector *	58 Neutral	$7.57B	3.50	-4.45%	10.15%	0.79%	-49.51%
CNRI	39 Underperform	C$104.04M	―	-2.39%	―	―	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.