PetroCorp Group (FLM) AI Stock Analysis

• Market Cap: C$11.45M
• Dividend Yield: N/A
• Average Volume (3M): 100.97K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.97
• Revenue Growth: N/A
• EPS Growth: 31.94%
• Country: CA
• Employees: 350
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 95,442,790
• 10 Day Avg. Volume: 60,245
• 30 Day Avg. Volume: 100,965
• PEG Ratio: 0.08
• Price to Book (P/B): 2.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -4.39
• 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: 51 Neutral
• Price Target: C$0.11 ▲(17.78% Upside)

The score is held down primarily by weak financial performance (ongoing losses, cash burn, and declining equity), despite a currently improved leverage profile. Technicals provide meaningful support as the stock trades above key moving averages with positive momentum, while valuation remains unfavorable/less interpretable due to negative earnings and no dividend data.

Positive Factors

Improved leverage profile

A positive equity base and low reported debt reduce near-term refinancing pressure and provide the company with more strategic optionality. Over the coming months this stronger capital structure improves resilience to shocks and lengthens runway for restructuring or growth initiatives.

Narrowing losses trend

Material reduction in reported losses over multiple years signals durable cost control or elimination of one-time drains. Sustained improvement in operating losses reduces future financing needs and increases the probability management can reach breakeven within a multi‑quarter horizon.

Operating capacity

A workforce of 350 indicates retained operational capability and human capital to execute projects, maintain assets, and restart revenue initiatives. This tangible capacity supports faster operational recovery once commercial activity resumes, limiting rebuild time and execution risk.

Negative Factors

Persistent cash burn

Consistent negative operating and free cash flow means the business cannot self-fund operations and will require external financing. Persisting cash burn depletes liquidity, raises dilution or refinancing risk, and constrains investment in growth or margin-improving initiatives over months.

No reported revenue

A multi-year absence of revenue is a fundamental structural concern: without sales the business lacks market validation and cannot generate sustainable margins. This elevates execution risk and implies long-term dependence on external funding until commercial operations are established.

Eroding equity base

Significant decline in shareholders' equity over recent years reflects cumulative losses that weaken the capital buffer. A reduced equity base limits borrowing capacity, increases vulnerability to adverse shocks, and lowers the margin of safety for creditors and shareholders over the medium term.

PetroCorp Group Business Overview & Revenue Model

Company Description

First Lithium Minerals Corp. operates as a mineral exploration and development company in Chile and Canada. The company primarily explores for lithium and alkali metals. It holds 100% interests in the OCA Salar de Ascotan project that covers an area of approximately 1,800 hectares of mineral exploration concessions located in the salar Ascotan in the Antofagasta Region of northern Chile; and the Lidstone project, which covers an area of approximately 17,300 hectares located at the north of the City of Thunder Bay along highway 527, Ontario. The company was founded in 2017 and is headquartered in Toronto, Canada.

How the Company Makes Money

PetroCorp Group generates revenue primarily through its integrated operations in the oil and gas industry. The key revenue streams include the extraction and sale of crude oil and natural gas from its upstream activities, which involve exploration and production. Additionally, the company earns income from its midstream operations by transporting and storing petroleum products. In the downstream segment, PetroCorp refines crude oil into various end products like gasoline, diesel, and jet fuel, which are then distributed and sold to consumers and industrial clients. Strategic partnerships with other energy companies and technological advancements in extraction and refining processes also contribute to enhancing the company's profitability and market position.

PetroCorp Group Financial Statement Overview

Summary

Overall fundamentals are weak: persistent net losses (e.g., -1.36M in 2024) and negative operating/free cash flow (OCF about -1.00M and FCF about -1.08M in 2024) indicate the business is not self-funding. The balance sheet is comparatively better today with positive equity (~2.38M) and modest debt (~0.24M), but equity has declined materially since 2022 (~5.03M), reflecting ongoing financial pressure.

Income Statement

Profitability is very weak across the period: net losses persist every year, including -1.36M in 2024 and -2.25M in 2023, with operating losses also continuing. Revenue is reported as zero across all years, which makes margin and growth indicators uninformative and suggests the business is not currently generating meaningful sales. A modest positive is that losses narrowed materially from 2022 (-3.99M) to 2024 (-1.36M), indicating some cost reduction or one-time items rolling off, but the company remains structurally unprofitable.

Balance Sheet

The balance sheet has improved versus earlier years: stockholders’ equity is positive and sizable in 2024 (~2.38M) and total debt is relatively low (~0.24M), implying modest leverage at present. However, equity has declined notably from 2022 (~5.03M) to 2024 (~2.38M), consistent with ongoing losses eroding the capital base. Historical volatility is also a concern—2021 shows extremely high leverage (debt far exceeding equity), highlighting that capital structure stability has been an issue even if it looks better today.

Cash Flow

Cash generation is consistently negative: operating cash flow is negative in 2021–2024 (including about -1.00M in 2024), and free cash flow is also negative each of those years (about -1.08M in 2024). While free cash flow deterioration appears to be slowing (2024 is slightly worse than 2023), the company is still consuming cash rather than funding itself internally, which raises ongoing financing risk if losses persist.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	0.00	0.00	0.00	-260.48K	-90.98K	0.00
EBITDA	-1.38M	-973.31K	-1.70M	-3.82M	-43.13K	-47.30K
Net Income	-1.38M	-1.36M	-2.25M	-3.99M	-43.70K	-47.52K
Balance Sheet
Total Assets	2.14M	2.78M	4.06M	5.24M	232.82K	193.06K
Cash, Cash Equivalents and Short-Term Investments	1.26M	1.92M	2.85M	3.82M	35.40K	4.46K
Total Debt	0.00	235.47K	0.00	0.00	2.84M	0.00
Total Liabilities	531.58K	406.54K	346.19K	202.68K	224.05K	200.59K
Stockholders Equity	1.61M	2.38M	3.71M	5.03M	8.77K	-7.53K
Cash Flow
Free Cash Flow	-1.13M	-1.08M	-1.03M	-1.87M	-60.41K	-13.14K
Operating Cash Flow	-1.13M	-996.22K	-881.76K	-1.82M	-23.02K	-13.14K
Investing Cash Flow	-81.93K	-87.62K	-150.92K	-12.29K	-6.03K	13.00K
Financing Cash Flow	250.86K	150.73K	68.08K	5.62M	60.00K	0.00

PetroCorp Group Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.09
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:FLM, the sentiment is Positive. The current price of 0.09 is below the 20-day moving average (MA) of 0.11, above the 50-day MA of 0.08, and above the 200-day MA of 0.06, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 62.65 is Neutral, neither overbought nor oversold. The STOCH value of 43.65 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:FLM.

PetroCorp Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
FLM	51 Neutral	C$11.45M	-8.16	-60.95%	―	―	31.94%
FRI	49 Neutral	C$37.97M	-11.11	-96.31%	―	―	47.85%
HAR	49 Neutral	C$6.16M	-2.39	-19.36%	―	―	7.28%
PRR	49 Neutral	C$10.11M	-3.21	-44.07%	―	―	44.75%
SUR	33 Underperform	C$10.68M	-2.43	-6.71%	―	―	61.93%
TEX	29 Underperform	C$14.11M	-2.70	-234.48%	―	―	72.19%