First Helium Inc. (HELI) AI Stock Analysis

• Market Cap: C$6.42M
• Dividend Yield: N/A
• Average Volume (3M): 266.28K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.59
• Revenue Growth: -71.68%
• EPS Growth: 78.98%
• Country: CA
• Employees: N/A
• Sector: Energy
• Sector Strength: 51
• Industry: Chemicals
• EPS (TTM): -0.02
• Shares Outstanding: 213,899,020
• 10 Day Avg. Volume: 98,371
• 30 Day Avg. Volume: 266,278
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 15.16
• Price to Cash Flow (P/CF): -1.90
• P/FCF Ratio: 0.00
• 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

First Helium Inc.'s overall stock score reflects substantial financial difficulties, including declining revenues and poor profitability. Technical analysis supports the bearish outlook, with negative momentum indicators. Valuation metrics indicate a lack of attractiveness due to negative earnings. While recent positive corporate events present future opportunities, they have yet to materially impact the company's challenging financial status.

First Helium Inc. Business Overview & Revenue Model

Company Description

First Helium Inc. (HELI) is a Canadian exploration and development company focused on identifying, acquiring, and developing helium-rich assets in North America. The company operates within the natural resources sector, concentrating on the discovery and production of helium, a critical and scarce resource used in various high-tech and industrial applications, including medical imaging, electronics manufacturing, and scientific research.

How the Company Makes Money

First Helium Inc. generates revenue through the exploration and development of helium-rich properties, primarily by extracting and selling helium gas to industrial and commercial customers. The company's revenue model is based on the successful identification and commercialization of helium reserves. Key revenue streams include the sale of helium produced from its wells and potential joint ventures or partnerships with other resource developers to leverage infrastructure and market access. Factors contributing to its earnings include the global demand for helium, advancements in extraction technology, and strategic partnerships that enhance operational efficiency and market reach.

First Helium Inc. Financial Statement Overview

Summary

First Helium Inc. faces significant financial challenges, particularly in achieving profitability and maintaining positive cash flows. While the balance sheet shows a strong equity base and no current debt, the company must address revenue declines and operational inefficiencies to improve its financial health. Continued reliance on external financing poses risks if not managed carefully.

Income Statement

The company's income statement shows significant volatility. Revenue has decreased sharply in recent periods, with a negative growth trajectory. Gross profit and net profit margins are negative, indicating ongoing profitability challenges. EBIT and EBITDA margins are also negative, reflecting operational inefficiencies.

Balance Sheet

The balance sheet reflects a relatively strong equity position with no total debt in the latest period, resulting in a low debt-to-equity ratio. However, there are concerns about asset efficiency and potential liquidity risks given the high liabilities relative to cash and cash equivalents.

Cash Flow

The cash flow statement reveals negative operating and free cash flows, highlighting cash management issues. The ratio of operating cash flow to net income is not applicable due to consistent net losses. Financing activities have provided substantial cash inflows, mitigating some cash flow concerns temporarily.

Breakdown
Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement		Total Revenue
1.13M	8.22M	3.57M	0.00	0.00
	Gross Profit
-220.74K	5.75M	2.55M	-1.43K	-2.17K
	EBIT
-3.00M	1.45M	-405.96K	-376.02K	-498.75K
	EBITDA
-1.87M	1.25M	-396.19K	-356.31K	-487.57K
	Net Income Common Stockholders
-3.20M	-6.93M	-465.84K	-523.68K	-560.30K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
157.79K	165.27K	5.53M	3.47M	1.92K
	Total Assets
16.22M	17.07M	20.31M	15.79M	2.16M
	Total Debt
60.63K	140.99K	0.00	2.49M	1.05M
	Net Debt
-97.16K	-24.29K	-5.53M	-974.54K	1.05M
	Total Liabilities
2.59M	2.79M	3.55M	3.89M	1.49M
	Stockholders Equity
13.63M	14.28M	16.76M	11.90M	663.48K
Cash Flow		Free Cash Flow
-2.32M	-1.43M	-3.04M	-2.00M	-869.14K
	Operating Cash Flow
-2.02M	2.82M	-493.64K	-450.11K	-377.14K
	Investing Cash Flow
-252.47K	-12.15M	-6.55M	-1.55M	-492.01K
	Financing Cash Flow
2.27M	3.96M	2.04M	12.53M	871.06K

First Helium Inc. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.03
• 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:HELI, the sentiment is Negative. The current price of 0.03 is above the 20-day moving average (MA) of 0.03, below the 50-day MA of 0.04, and below the 200-day MA of 0.05, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 40.69 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:HELI.

First Helium Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PSI	76 Outperform	C$897.57M	7.40	26.63%	4.60%	12.14%	26.17%
NVA	74 Outperform	$2.45B	8.21	13.72%	―	-15.57%	-12.73%
PEY	74 Outperform	C$3.52B	12.49	10.37%	7.48%	-9.52%	-11.68%
Sector *	55 Neutral	$7.10B	3.56	-6.61%	5.99%	-0.03%	-51.71%
FEC	53 Neutral	C$380.29M	4.28	-1.37%	5.11%	-1.54%	-113.55%
HELI	44 Neutral	C$6.42M	―	-19.36%	―	-71.68%	78.98%

First Helium Inc. Corporate Events

First Helium Unveils Major Discoveries at Worsley Project

First Helium Inc. announced significant discoveries at its Worsley Project, including a shallow heavy oil find and the extension of a helium-enriched natural gas play. The shallow heavy oil discovery, confirmed through the 7-30 and 7-15 wells, presents a large, repeatable development opportunity with attractive economic returns, prompting the company to prepare a development plan. Additionally, the extension of the Blue Ridge helium-enriched natural gas play to the eastern part of the Worsley land base enhances the potential for large-scale development, making it appealing to potential partners.

First Helium Advances Worsley Property Drilling Operations

First Helium Inc. announced the successful drilling and casing of its 7-15 exploration well at the Worsley Property in Northern Alberta, planning to complete and test both the 7-15 and 7-30 wells. This development is significant as the proximity of the two wells allows for efficient operations, and completion before spring break up could strategically position the company for systematic development of its land holdings, potentially enhancing its market presence and operations.

First Helium Begins Drilling High Impact Exploration Well in Northern Alberta

First Helium Inc. has commenced drilling its 7-15 exploration well at the Worsley Property in Northern Alberta, targeting the Leduc light oil formation. This well, identified through proprietary 3D seismic data, aims to de-risk the Leduc Play, where the company has identified additional primary locations. The success of this venture could lead to further development opportunities and increased shareholder value, as the company plans to evaluate multi-zone potential for oil, natural gas, and helium across its 100% owned land base.

First Helium Advances Drilling Operations at Worsley Property

First Helium Inc. has successfully drilled and cased its 7-30 well at the Worsley Property, encountering several promising zones for oil, natural gas, and helium. The company is now moving its rig to the 7-15 location for further drilling, with potential results expected to de-risk their Leduc Play and provide immediate financial benefits. The proximity of the drilling sites allows for cost-efficient operations, and preparations are in place to complete and equip the wells before spring restrictions.