First Helium Inc. (TSE:HELI)
:HELI
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First Helium Inc.
(HELI)
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Rating:45Neutral
Price Target:
C$0.04
▲(30.00% Upside)
Action:ReiteratedDate:04/30/26
The score is held down primarily by a steep revenue collapse to near-zero levels and persistent losses with ongoing negative operating and free cash flow. Technicals are only neutral with limited momentum, and valuation is difficult to support due to negative earnings and no dividend. The key positive is minimal leverage (no reported debt), which reduces refinancing risk but does not resolve the operating and cash-burn challenges.
Positive Factors
Low Leverage
A zero-debt balance sheet materially reduces near-term refinancing and interest-rate risk, giving management time and optionality to rebuild operations or secure equity financing without immediate maturities. This structural cushion improves survivability during prolonged cash burn.
Negative Factors
Revenue Collapse
A complete collapse of reported revenue is a fundamental business failure: it erodes core profitability, undermines economies of scale, and removes the operational cash engine. Restoring sustainable revenue is a multi-month structural challenge tied to drilling, offtake, or asset monetization.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
A zero-debt balance sheet materially reduces near-term refinancing and interest-rate risk, giving management time and optionality to rebuild operations or secure equity financing without immediate maturities. This structural cushion improves survivability during prolonged cash burn.
Read all positive factors
First Helium Inc. (HELI) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$8.56M
Dividend YieldN/A
Average Volume (3M)217.41K
Price to Earnings (P/E)―
Beta (1Y)-1.19
Revenue Growth-100.00%
EPS Growth-23.35%
CountryCA
Employees4
SectorEnergy
Sector Strength52
IndustryChemicals
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding213,899,020
10 Day Avg. Volume128,760
30 Day Avg. Volume217,409
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)0.68
Price to Sales (P/S)8.18
P/FCF Ratio-3.99
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
First Helium Inc. Business Overview & Revenue Model
Company Description
First 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 Heliu...
How the Company Makes Money
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First Helium Inc. Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
63
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 293.00K | 8.22M | 3.57M | 0.00 | 0.00 |
| Gross Profit | -909.78K | -46.95K | 5.75M | 1.30M | -1.43K | -2.17K |
| EBITDA | -5.95M | -2.20M | -2.90M | -396.19K | -356.31K | -487.57K |
| Net Income | -6.00M | -6.75M | -6.93M | -465.84K | -523.68K | -560.30K |
Balance Sheet | ||||||
| Total Assets | 15.65M | 16.65M | 17.07M | 20.31M | 15.79M | 2.16M |
| Cash, Cash Equivalents and Short-Term Investments | 1.75K | 834.20K | 165.27K | 5.53M | 3.47M | 1.92K |
| Total Debt | 0.00 | 0.00 | 140.99K | 0.00 | 2.49M | 1.05M |
| Total Liabilities | 4.44M | 5.13M | 2.79M | 3.55M | 3.89M | 1.49M |
| Stockholders Equity | 11.22M | 11.52M | 14.28M | 16.76M | 11.90M | 663.48K |
Cash Flow | ||||||
| Free Cash Flow | -671.24K | -2.16M | -1.43M | -3.04M | -2.00M | -869.14K |
| Operating Cash Flow | -925.85K | -2.13M | 2.82M | -493.64K | -450.11K | -377.14K |
| Investing Cash Flow | -2.71M | -1.43M | -12.15M | -6.55M | -1.55M | -492.01K |
| Financing Cash Flow | 936.70K | 4.23M | 3.96M | 2.04M | 12.53M | 871.06K |
First Helium Inc. Technical Analysis
Positive
0.03
Price Trends
0.03
Positive
0.03
Positive
0.03
Positive
Market Momentum
<0.01
Positive
48.64
Neutral
8.33
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:HELI, the sentiment is Positive. The current price of 0.03 is below the 20-day moving average (MA) of 0.05, below the 50-day MA of 0.03, and above the 200-day MA of 0.03, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 48.64 is Neutral, neither overbought nor oversold. The STOCH value of 8.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:HELI.
First Helium Inc. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
63 Neutral | C$6.70B | 35.38 | 3.23% | 1.87% | -1.55% | -41.24% | |
63 Neutral | C$1.87B | 11.01 | 18.28% | 4.73% | 11.79% | 13.26% | |
45 Neutral | C$8.56M | -3.64 | -52.71% | ― | -100.00% | -23.35% | |
43 Neutral | C$395.51M | -29.68 | -11.28% | ― | -18.46% | -3.37% | |
43 Neutral | C$32.53M | -2.68 | 247.72% | ― | -65.20% | 12.85% |
* Energy Sector Average
TSE:HELI
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First Helium Inc. Corporate Events
Business Operations and Strategy
First Helium Advances Alberta Oil and Helium Assets as Global Supply Risks Rise
Positive
Apr 1, 2026
First Helium is advancing its Charlie Lake Shallow Heavy Oil project at Worsley, where internal assessments support commercial development and more than 30 potential horizontal drilling locations have been mapped, backed by existing company-owned ...
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.