EV Nickel, Inc. (TSE:EVNI)
:EVNI
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EV Nickel, Inc.
(EVNI)
Select Model
Select Model
Rating:43Neutral
Price Target:
C$0.22
▲(0.91% Upside)
Action:ReiteratedDate:03/26/26
The score is primarily weighed down by weak financial performance driven by a pre-revenue model, ongoing net losses, and significant cash burn. Technical indicators add a mildly negative bias with soft momentum signals. Valuation does not provide support due to a negative P/E and no dividend yield.
Positive Factors
Low leverage (zero debt)
The company carries no reported debt, which materially reduces bankruptcy and interest-rate risk for a pre-revenue firm. A debt-free capital structure gives management durable flexibility to prioritize development or negotiate financings, improving resilience over the next several months.
Negative Factors
Pre-revenue business model
With no reported revenue, the firm lacks commercial cash inflows and remains dependent on external funding to sustain operations. This structural uncertainty around product-market fit and commercialization increases execution risk over the coming months and makes financial outcomes highly binary.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage (zero debt)
The company carries no reported debt, which materially reduces bankruptcy and interest-rate risk for a pre-revenue firm. A debt-free capital structure gives management durable flexibility to prioritize development or negotiate financings, improving resilience over the next several months.
Read all positive factors
EV Nickel, Inc. (EVNI) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$26.48M
Dividend YieldN/A
Average Volume (3M)28.34K
Price to Earnings (P/E)―
Beta (1Y)1.68
Revenue GrowthN/A
EPS Growth21.31%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding129,176,420
10 Day Avg. Volume25,867
30 Day Avg. Volume28,345
Financial Highlights & Ratios
PEG Ratio-0.72
Price to Book (P/B)9.87
Price to Sales (P/S)0.00
P/FCF Ratio-4.70
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
EV Nickel, Inc. Business Overview & Revenue Model
Company Description
EV Nickel Inc., a mineral exploration company, engages in the acquisition, evaluation, and exploration for mineral properties in Canada. It holds interests in the Langmuir nickel project that comprises 212 claims located in Timmins, Ontario; and t...
How the Company Makes Money
null...
EV Nickel, Inc. Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
14
Very Negative
| Breakdown | TTM | Sep 2024 | Sep 2023 | Sep 2022 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -15.52K | -16.58K | -23.97K | -27.87K | -13.67K | -351.00 |
| EBITDA | -2.21M | -3.18M | -2.77M | -4.12M | -5.22M | -2.97M |
| Net Income | -2.72M | -3.15M | -2.79M | -4.15M | -5.23M | -2.97M |
Balance Sheet | ||||||
| Total Assets | 4.10M | 2.70M | 6.53M | 478.35K | 2.51M | 1.67M |
| Cash, Cash Equivalents and Short-Term Investments | 3.67M | 2.28M | 6.11M | 142.75K | 1.53M | 1.37M |
| Total Debt | 0.00 | 0.00 | 0.00 | 3.63K | 10.10K | 0.00 |
| Total Liabilities | 190.62K | 675.21K | 1.79M | 1.11M | 1.52M | 191.45K |
| Stockholders Equity | 3.91M | 2.02M | 4.74M | -634.65K | 998.75K | 1.48M |
Cash Flow | ||||||
| Free Cash Flow | -4.96M | -4.25M | -2.92M | -4.30M | -4.07M | -646.26K |
| Operating Cash Flow | -4.96M | -4.25M | -2.92M | -4.30M | -4.03M | -621.02K |
| Investing Cash Flow | -956.65K | 3.22M | -5.05M | 0.00 | -42.32K | -25.24K |
| Financing Cash Flow | 2.93M | 390.50K | 8.81M | 2.91M | 4.22M | 2.02M |
EV Nickel, Inc. Technical Analysis
Negative
0.22
Price Trends
0.22
Negative
0.22
Negative
0.21
Negative
Market Momentum
>-0.01
Negative
47.06
Neutral
60.61
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:EVNI, the sentiment is Negative. The current price of 0.22 is above the 20-day moving average (MA) of 0.21, above the 50-day MA of 0.22, and above the 200-day MA of 0.21, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 47.06 is Neutral, neither overbought nor oversold. The STOCH value of 60.61 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:EVNI.
EV Nickel, Inc. 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% | |
53 Neutral | C$8.05M | -6.51 | -4.80% | ― | ― | 50.00% | |
49 Neutral | C$23.66M | -16.75 | -58.92% | ― | ― | 29.85% | |
46 Neutral | C$12.48M | -6.86 | -11.70% | ― | ― | -17.47% | |
43 Neutral | C$26.48M | -12.53 | -83.99% | ― | ― | 21.31% | |
43 Neutral | C$26.67M | -4.42 | 82.92% | ― | ― | 37.82% | |
43 Neutral | C$20.24M | -11.07 | -237.82% | ― | ― | 10.17% |
* Basic Materials Sector Average
TSE:EVNI
EV Nickel, Inc.
0.21
-0.08
-26.79%
TSE:MN
Manganese X Energy Corp
0.11
0.03
37.50%
TSE:GIGA
Giga Metals Corporation
0.10
>-0.01
-5.00%
TSE:NICO
Class 1 Nickel & Technologies
0.15
-0.05
-23.68%
TSE:SPC
SPC Nickel
0.06
0.03
150.00%
TSE:FNI
Fathom Nickel
0.04
0.01
33.33%
EV Nickel, Inc. Corporate Events
Business Operations and Strategy
EV Nickel Unveils New Gold Discovery at Shaw Dome’s Gemini North Zone
Positive
Mar 26, 2026
EV Nickel Inc. has reported a new gold discovery associated with the Gemini North Nickel Zone at its Shaw Dome Project near Timmins, where 21 of 28 holes from the 2025 drill program returned gold above background levels. Ten holes intersected high...
Business Operations and Strategy
EV Nickel Unveils New Gold Discovery at Shaw Dome’s Gemini North Zone
Positive
Mar 26, 2026
EV Nickel Inc. has reported a new gold discovery associated with the Gemini North Nickel Zone at its Shaw Dome Project in Timmins, Ontario, expanding the project’s commodity potential beyond nickel. Results from the 2025 diamond drilling cam...
Business Operations and Strategy
EV Nickel Unveils Maiden Resource at Gemini North, Bolstering CarLang Nickel Potential
Positive
Mar 13, 2026
EV Nickel Inc. has reported a maiden mineral resource estimate for the Gemini North Nickel Zone within its CarLang area at the Shaw Dome Project, outlining 93.5 million tonnes grading 0.23% nickel. The resource includes 9.5 million tonnes of indic...
Business Operations and Strategy
EV Nickel Unveils Maiden Resource for Gemini North Zone at Shaw Dome
Positive
Feb 27, 2026
EV Nickel Inc. has delivered a maiden mineral resource estimate for the Gemini North nickel zone at its Shaw Dome Project, outlining 9.5 million tonnes of indicated resources at 0.27% nickel and 84.0 million tonnes of inferred resources at 0.22% n...
Business Operations and Strategy
EV Nickel’s Pilot Bioleach Plant Hits Over 90% Nickel Recovery at W4 Project
Positive
Feb 3, 2026
EV Nickel has reported strong results from a continuous pilot-scale bioleaching and metals recovery program on flotation concentrates from its W4 Nickel Project, achieving over 90% nickel and nearly 90% cobalt extraction within six days, more than...
Business Operations and Strategy
EV Nickel Extends Gemini North Mineralization and Prepares First Resource Estimate
Positive
Jan 20, 2026
EV Nickel reported assay results from 15 diamond drill holes completed in its 2025 program at the Shaw Dome Project, confirming nickel mineralization in 14 holes across the Gemini North and CarLang C areas, with notable intercepts such as 0.36% ni...
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.