Helium Evolution Incorporated (HEVI) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: N/A
• Average Volume (3M): 62.31K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.53
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: CA
• Employees: 4
• Sector: Energy
• Sector Strength: 59
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): N/A
• Shares Outstanding: 96,033,970
• 10 Day Avg. Volume: 67,142
• 30 Day Avg. Volume: 62,306
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): -41.30
• 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

The overall score is heavily impacted by Helium Evolution's financial challenges, with no revenue and negative cash flow. While technical indicators show some positive momentum, the stock's valuation remains unattractive due to the absence of earnings and dividends. Any positive corporate developments are encouraging, but they are not yet reflected in the financial performance.

Helium Evolution Incorporated Business Overview & Revenue Model

Company Description

Helium Evolution Incorporated (HEVI) is a resource exploration and development company focused on the extraction and commercialization of helium. Operating in the energy sector, HEVI is dedicated to identifying and developing helium-rich properties, primarily in North America, to meet the growing demand for this critical gas, which is used in various high-tech applications, including medical imaging, electronics manufacturing, and aerospace.

How the Company Makes Money

Helium Evolution Incorporated generates revenue primarily through the exploration, extraction, and sale of helium gas. The company identifies helium-rich regions and invests in the necessary technology and infrastructure to extract helium from natural gas deposits. Revenue is primarily derived from selling the extracted helium to industrial clients across sectors such as healthcare, electronics, and aerospace. Additionally, HEVI may engage in strategic partnerships with other energy companies or technology firms to enhance its extraction capabilities and expand its market reach. These partnerships can provide additional revenue streams through joint ventures or technology licensing agreements. The company’s earnings are influenced by market demand for helium, the efficiency of its extraction processes, and its ability to secure and maintain productive helium reserves.

Helium Evolution Incorporated Financial Statement Overview

Summary

Helium Evolution Incorporated faces significant financial challenges, with persistent losses and no revenue generation. While the company maintains a robust equity position, its operational and cash flow inefficiencies pose risks. Strategic measures to improve revenue and cash flow will be crucial for long-term sustainability.

Income Statement

Helium Evolution Incorporated has faced consistent challenges with revenue generation, as indicated by zero revenue over successive periods. The EBIT and net income have been consistently negative, suggesting ongoing operational inefficiencies and profitability challenges. However, the reduction in net loss from 2022 to 2023 shows some improvement in cost management.

Balance Sheet

The company maintains a strong equity position, with stockholders' equity significantly exceeding total liabilities, resulting in a very low debt-to-equity ratio. However, the declining total assets and cash reserves are potential concerns for future liquidity and operational flexibility.

Cash Flow

Helium Evolution's cash flow statement shows negative operating cash flow and free cash flow, indicating reliance on external financing or reserves to fund operations. The free cash flow has shown some improvement, but the overall cash burn remains a concern, highlighting a need for better cash management.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00
	Gross Profit
-25.00K	0.00	-51.00K	-10.00K	0.00
	EBIT
-1.50M	-3.18M	-5.03M	178.30K	-139.78K
	EBITDA
-1.51M	-3.18M	-6.22M	-1.40M	-139.78K
	Net Income Common Stockholders
-2.78M	-2.95M	-7.36M	170.40K	-170.87K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
5.30M	6.40M	9.13M	229.00	830.00
	Total Assets
11.29M	11.64M	13.02M	6.30K	219.60K
	Total Debt
42.00K	43.00K	29.00K	33.00K	256.41K
	Net Debt
-5.26M	-6.29M	-9.10M	32.77K	255.58K
	Total Liabilities
668.00K	872.00K	226.00K	111.15K	494.85K
	Stockholders Equity
10.63M	10.77M	12.80M	-104.85K	-275.25K
Cash Flow		Free Cash Flow
-3.09M	-3.23M	-8.56M	-623.41K	-2.27K
	Operating Cash Flow
-1.09M	-346.00K	-1.44M	-24.41K	-2.27K
	Investing Cash Flow
-2.58M	-2.43M	-7.08M	-601.00K	0.00
	Financing Cash Flow
17.58M	-20.00K	17.48M	23.81K	0.00

Helium Evolution Incorporated Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.18
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:HEVI, the sentiment is Negative. The current price of 0.18 is below the 20-day moving average (MA) of 0.18, below the 50-day MA of 0.18, and above the 200-day MA of 0.14, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 59.02 is Neutral, neither overbought nor oversold. The STOCH value of 72.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:HEVI.

Helium Evolution Incorporated Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GXE	73 Outperform	$126.53M	10.41	4.97%	13.15%	<0.01%	-72.31%
Sector *	57 Neutral	$7.70B	4.18	-3.52%	8.32%	0.35%	-64.68%
HELI	51 Neutral	C$6.42M	―	-19.36%	―	-71.68%	78.98%
DME	48 Neutral	C$19.41M	―	-8.81%	―	-81.44%	59.09%
NGC	44 Neutral	C$13.77M	―	-329.25%	―	31.19%	-46.99%
HEVI	40 Underperform		―		―	―	―
RHC.H	37 Underperform	$7.55M	―	-34.75%	―	―	-63.19%

Helium Evolution Incorporated Corporate Events

Helium Evolution Advances Drilling Efforts in Saskatchewan

Helium Evolution Incorporated announced that its partner, North American Helium Inc., has successfully completed drilling operations at the 10-36 Well in Saskatchewan. This development is expected to advance Helium Evolution’s efforts toward commercial helium production, with several upcoming milestones planned in their drilling program.

Helium Evolution Reports Promising 10-1 Well Results and Expands Drilling Efforts

Helium Evolution Incorporated announced promising results from their 10-1 Well in southern Saskatchewan, which successfully flow tested at 9.5 million standard cubic feet per day. The post-flow pressure transient analysis indicated a potentially large and productive reservoir, with supportive findings on gas composition and pressure communication between wells, thereby enhancing the company’s confidence in its expansion efforts. Helium Evolution is also set to participate in additional drilling activities in partnership with North American Helium Inc., including the upcoming 12-29 Well, to further develop its helium assets.

Helium Evolution Advances Exploration with New Well Spudding in Mankota

Helium Evolution Incorporated has announced the spudding of the 10-36-3-9W3 well along the Mankota helium fairway in partnership with North American Helium Inc. This well is an offset to their recent helium discovery wells, demonstrating significant helium potential. The company holds a 20% working interest in these wells and is also participating in other upcoming wells in the area. This development marks a critical step in the company’s strategy to expand its helium exploration and production capabilities, positioning it for continued growth in the helium industry.

Helium Evolution Reports Promising Well Test Results

Helium Evolution Incorporated has announced promising preliminary results from their 10-1 helium well in Saskatchewan, which shows a helium content significantly above the commercial viability threshold. The company is moving forward with plans to further develop the helium pool, including drilling a new well and considering the installation of processing facilities.

Helium Evolution Advances Joint Exploration in Saskatchewan

Helium Evolution Incorporated has made progress in its joint helium exploration efforts with North American Helium Inc. in southern Saskatchewan, as the partners prepare to complete and test a promising well. This development is part of a larger plan to drill multiple wells in the Mankota area, potentially boosting the company’s position in the helium market.

Helium Evolution Reports Q3 Results and Drilling Progress

Helium Evolution Incorporated has filed its Q3 2024 financial results, reporting a strategic focus on developing helium assets in southern Saskatchewan and maintaining a strong financial position. The company has discovered three helium sites and continues to advance its drilling operations with a new joint well project. This ongoing development aims to generate cash flow and enhance shareholder value.

Helium Evolution Expands Exploration with New Joint Well

Helium Evolution Incorporated announces promising exploration activities with a new joint well set to be drilled in the Mankota area, reinforcing its commitment to expanding its presence in the helium market. The company holds a 20% interest in the new well, supported by a robust financial position, highlighting its strategic growth plans in a sector with significant potential.