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First Helium Inc. (TSE:HELI)
:HELI
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First Helium Inc. (HELI) AI Stock Analysis

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TSE:HELI

First Helium Inc.

(HELI)

Rating:44Neutral
Price Target:
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. (HELI) vs. iShares MSCI Canada ETF (EWC)

First Helium Inc. Business Overview & Revenue Model

Company DescriptionFirst Helium Inc. engages in the acquisition, exploration, and evaluation of helium property interests in Alberta, Canada. It holds 100% interest in the Worsley Trend and Worsley Property located in the Worsley Trend, Northern Alberta. First Helium Inc. was incorporated in 2016 and is headquartered in Vancouver, Canada.
How the Company Makes MoneyFirst 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, with a negative growth trajectory in revenue and negative profit margins. The balance sheet shows a strong equity base with no debt but highlights potential liquidity risks due to high liabilities. Cash flow management is problematic, with negative operating and free cash flows offset by external financing.
Income Statement
45
Neutral
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
58
Neutral
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
50
Neutral
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.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue293.00K1.13M8.22M3.57M0.00
Gross Profit-46.95K-220.74K5.75M2.55M-1.43K
EBITDA-2.20M-1.87M1.25M-396.19K-356.31K
Net Income-6.75M-3.20M-6.93M-465.84K-523.68K
Balance Sheet
Total Assets16.65M16.22M17.07M20.31M15.79M
Cash, Cash Equivalents and Short-Term Investments834.20K157.79K165.27K5.53M3.47M
Total Debt0.0060.63K140.99K0.002.49M
Total Liabilities5.13M2.59M2.79M3.55M3.89M
Stockholders Equity11.52M13.63M14.28M16.76M11.90M
Cash Flow
Free Cash Flow-2.16M-2.32M-1.43M-3.04M-2.00M
Operating Cash Flow-2.13M-2.02M2.82M-493.64K-450.11K
Investing Cash Flow-1.43M-252.47K-12.15M-6.55M-1.55M
Financing Cash Flow4.23M2.27M3.96M2.04M12.53M

First Helium Inc. Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.02
Price Trends
50DMA
0.02
Negative
100DMA
0.02
Negative
200DMA
0.03
Negative
Market Momentum
MACD
<0.01
Negative
RSI
46.23
Neutral
STOCH
<0.01
Positive
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 0.02 is below the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and below the 200-day MA of 0.03, indicating a bearish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 46.23 is Neutral, neither overbought nor oversold. The STOCH value of <0.01 is Positive, 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

Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
65
Neutral
$15.01B7.393.19%5.33%4.10%-61.80%
55
Neutral
C$534.00M-9.30%8.13%13.57%
47
Neutral
C$9.63M142.15%-49.80%22.32%
44
Neutral
C$5.35M-51.50%-81.35%-0.32%
42
Neutral
C$54.82M-10.79%59.62%
C$4.39M
C$63.01M-39.87%
* Energy Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:HELI
First Helium Inc.
0.02
-0.03
-60.00%
TSE:FAT
Foremost Lithium Resource & Technology Ltd
4.50
0.24
5.63%
TSE:GRA
NanoXplore Inc
3.10
0.84
37.17%
TSE:CH
Charbone Hydrogen Corporation
0.06
0.00
0.00%
TSE:FRXI.H
FRX Innovations Inc
0.05
0.00
0.00%
TSE:SWAN
Black Swan Graphene Inc
1.45
0.57
64.77%

First Helium Inc. Corporate Events

Business Operations and Strategy
First Helium Unveils Major Discoveries at Worsley Project
Positive
Mar 20, 2025

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.

Business Operations and Strategy
First Helium Advances Worsley Property Drilling Operations
Positive
Feb 13, 2025

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.

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.Date of analysis: Apr 22, 2025