Minnova (MCI) AI Stock Analysis

• Market Cap: C$4.23M
• Dividend Yield: N/A
• Average Volume (3M): 153.87K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.65
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: CA
• Employees: N/A
• Sector: Real Estate
• Sector Strength: 78
• Industry: Gold
• EPS (TTM): >-0.01
• Shares Outstanding: 70,440,180
• 10 Day Avg. Volume: 83,673
• 30 Day Avg. Volume: 153,874
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): N/A
• P/FCF Ratio: 26.30
• 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 stock score reflects significant financial instability with no revenue, negative equity, and consistent losses. Technical indicators show stable but stagnant price trends, with some short-term momentum. The negative P/E ratio and lack of dividend yield highlight valuation challenges. Immediate strategic changes are essential to improve the company's outlook.

Minnova Business Overview & Revenue Model

Company Description

Minnova Corp (MCI) is a Canadian-based mining company focused on the exploration and development of precious and base metal projects. The company is primarily engaged in the development of its flagship PL Gold Mine in Manitoba, Canada. Minnova is dedicated to advancing its mining operations and expanding its asset portfolio through strategic acquisitions and partnerships in the mining sector.

How the Company Makes Money

Minnova makes money through the extraction and sale of mineral resources, primarily gold, from its mining operations. Revenue is generated by selling extracted metals to refineries and other buyers in the commodities market. The company's earnings are influenced by the market prices of these metals, operational efficiency, and production volume. Strategic partnerships and joint ventures with other mining entities may also contribute to its revenue by sharing resources and reducing operational costs.

Minnova Financial Statement Overview

Summary

Minnova is facing significant financial challenges with no revenue generation, negative equity, and substantial losses. The lack of revenue, coupled with high liabilities and negative cash flow, poses severe risks to the company's financial health. Urgent restructuring or strategic pivot may be required to improve financial stability.

Income Statement

The company reported zero revenue over the periods analyzed, which is a significant concern. Net profit margins are negative, indicating consistent losses. Despite some EBIT improvements in the TTM period, the overall income statement shows weak performance with no revenue growth and high net losses.

Balance Sheet

The balance sheet reveals negative stockholders' equity, indicating financial distress. The debt-to-equity ratio is not meaningful due to negative equity, and the company has a high level of liabilities compared to its assets, suggesting poor financial stability.

Cash Flow

Operating cash flow remains negative, reflecting ongoing operational challenges. Free cash flow is also negative, but there is a slight improvement in the TTM period. The cash flow situation underscores liquidity issues, with negative ratios to net income.

Breakdown
TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
-3.22K	0.00	-103.30K	-18.41K	-21.04K	-24.21K
	EBIT
20.67K	-612.30K	-1.77M	-1.14M	167.57K	124.18K
	EBITDA
-444.29K	-239.16K	-1.66M	-775.45K	-565.40K	-348.47K
	Net Income Common Stockholders
-451.12K	-374.98K	-1.77M	401.28K	-1.17M	-413.54K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
2.92K	1.38K	129.73K	138.04K	131.45K	21.04K
	Total Assets
230.74K	222.10K	383.14K	21.19M	20.94M	19.39M
	Total Debt
170.27K	117.16K	88.00K	0.00	0.00	0.00
	Net Debt
167.35K	115.78K	-41.73K	-138.04K	-131.45K	-21.04K
	Total Liabilities
5.42M	4.60M	4.43M	3.68M	4.71M	5.22M
	Stockholders Equity
-5.19M	-4.38M	-4.04M	17.51M	16.23M	14.16M
Cash Flow		Free Cash Flow
-57.99K	-154.05K	-736.46K	294.38K	-1.68M	-12.93K
	Operating Cash Flow
-57.99K	-154.05K	-736.46K	294.38K	80.23K	285.53K
	Investing Cash Flow
0.00	0.00	0.00	-950.70K	-1.76M	-298.47K
	Financing Cash Flow
-7.50K	25.70K	728.15K	662.91K	1.79M	0.00

Minnova Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.06
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MCI, the sentiment is Positive. The current price of 0.06 is above the 20-day moving average (MA) of 0.04, above the 50-day MA of 0.05, and above the 200-day MA of 0.05, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 64.71 is Neutral, neither overbought nor oversold. The STOCH value of 86.11 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:MCI.

Minnova Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
OR	71 Outperform	$6.02B	274.83	1.33%	0.79%	6.02%	―
Sector *	60 Neutral	$3.00B	12.40	0.61%	9872.56%	7.62%	-2.59%
ELR	45 Neutral	C$25.31M	27.27	-15.98%	―	-40.62%	-184.20%
MCI	27 Underperform	C$4.23M	―		―	―	―

Minnova Corporate Events

Minnova Corp. Plans Major Debt Settlement via Shares

Minnova Corp. plans to settle $800,000 of debt by issuing nearly 16 million common shares at $0.05 each, pending shareholder and regulatory approvals. This settlement includes converting over $700,000 of debt owed to the company’s CEO into shares, which would make him a significant shareholder with over 22% ownership.