Manganese X Energy Corp (MN) AI Stock Analysis

• Market Cap: C$12.37M
• Dividend Yield: N/A
• Average Volume (3M): 59.70K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.04
• Revenue Growth: N/A
• EPS Growth: 48.31%
• Country: CA
• Employees: N/A
• Sector: Energy
• Sector Strength: 61
• Industry: Industrial Materials
• EPS (TTM): -0.01
• Shares Outstanding: 154,593,870
• 10 Day Avg. Volume: 71,394
• 30 Day Avg. Volume: 59,698
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): -32.60
• 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 reflects the substantial financial challenges faced by Manganese X Energy Corp, including no revenue and negative cash flows. However, recent strategic investments and project advancements provide a potential pathway for improvement, with some technical indicators showing a neutral-to-positive trend. Valuation remains a concern given the company's financial instability.

Manganese X Energy Corp Business Overview & Revenue Model

Company Description

Manganese X Energy Corp. engages in the acquisition and development of mineral properties in Canada. The company primarily explores for copper, nickel, and cobalt deposits. Its principal project is the Battery Hill manganese property that comprise 55 claims covering an area of approximately 1,228 hectares located in Carlton County, south western New Brunswick. It also develops heating, ventilation, and air conditioning air purification delivery system. The company was formerly known as Sunset Cove Mining Inc. and changed its name to Manganese X Energy Corp. in December 2016. Manganese X Energy Corp. is headquartered in Saint-Laurent, Canada.

How the Company Makes Money

Manganese X Energy Corp generates revenue through the exploration and development of manganese mining projects, with a particular focus on producing high-grade manganese for the battery industry. The company aims to establish itself as a key supplier of manganese for lithium-ion batteries, which are increasingly in demand due to the growth of electric vehicles and renewable energy storage systems. Revenue streams for Manganese X Energy include the sale of manganese ore and concentrates, partnerships or off-take agreements with battery manufacturers and other industrial consumers, and potentially licensing or joint ventures with other mining companies. The success of their revenue model heavily relies on the successful development of their mining projects, market demand for manganese in battery production, and their ability to secure strategic partnerships and investment to fund project advancement.

Manganese X Energy Corp Financial Statement Overview

Summary

Manganese X Energy Corp's financial performance is weak, characterized by no revenue, ongoing losses, negative cash flow, and deteriorating equity. The company's finances raise concerns about its ability to sustain operations without significant strategic changes or additional funding.

Income Statement

Manganese X Energy Corp has consistently generated no revenue, resulting in negative EBIT and net income over the periods, indicating a lack of operational profitability. The company shows a concerning trend of growing losses, which is a major challenge for future financial stability.

Balance Sheet

The company maintains a debt-free balance sheet, which is a positive aspect, but the equity has been decreasing significantly due to ongoing losses. The equity ratio remains relatively high, yet the shrinking asset base and declining stockholders' equity highlight potential financial instability.

Cash Flow

Cash flows are heavily negative, with no signs of improvement in operating or free cash flow generation. Capital expenditures are minimal, but the negative operating cash flow surpasses any financing gains, indicating insufficient cash management.

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
-3.75K	-15.00K	-15.00K	-15.00K	-15.00K	0.00
	EBIT
-492.02K	-2.11M	-2.82M	-4.26M	-4.87M	-912.32K
	EBITDA
-1.60M	-2.19M	-2.81M	-4.25M	-4.85M	-912.32K
	Net Income Common Stockholders
-1.54M	-2.28M	-2.83M	-4.27M	-4.88M	-922.62K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.30M	2.20M	3.32M	3.48M	1.83M	534.54K
	Total Assets
1.45M	2.37M	3.95M	4.05M	5.98M	1.07M
	Total Debt
0.00	0.00	0.00	0.00	0.00	0.00
	Net Debt
-1.30M	-2.20M	-3.32M	-3.48M	-1.83M	-534.54K
	Total Liabilities
33.34K	179.24K	106.85K	128.43K	243.51K	128.80K
	Stockholders Equity
1.41M	2.19M	3.84M	3.93M	5.74M	945.54K
Cash Flow		Free Cash Flow
-1.65M	-1.93M	-2.74M	-2.10M	-2.91M	-950.81K
	Operating Cash Flow
-1.65M	-1.93M	-2.74M	-2.10M	-2.91M	-950.81K
	Investing Cash Flow
0.00	0.00	0.00	0.00	41.81K	0.00
	Financing Cash Flow
-37.80K	804.13K	2.55M	46.13K	7.90M	657.80K

Manganese X Energy Corp Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.07
• 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:MN, the sentiment is Negative. The current price of 0.07 is below the 20-day moving average (MA) of 0.08, below the 50-day MA of 0.08, and above the 200-day MA of 0.06, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 65.73 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:MN.

Manganese X Energy Corp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	57 Neutral	$7.70B	4.18	-3.52%	8.32%	0.35%	-64.68%
GMA	55 Neutral	C$12.91M	―	-58.91%	―	-83.85%	-24.32%
TLO	52 Neutral	C$88.80M	―	-0.96%	―	―	7.41%
MN	50 Neutral	C$12.37M	―	-75.82%	―	―	48.31%
NOU	39 Underperform	C$290.82M	―	-70.44%	―	―	-13.44%

Manganese X Energy Corp Corporate Events

Manganese X Energy Corp. Reports Promising Ore Sorting Study Results

Manganese X Energy Corp. announced positive results from an initial ore sorting study conducted by ABH Engineering Inc. on its Battery Hill manganese deposit in New Brunswick, Canada. These promising results, which showed over 95% effectiveness in sorting valuable rocks from waste, pave the way for a more extensive Phase 2 study and the upcoming Pre-Feasibility Study. The successful implementation of this sorting technology could lead to numerous benefits, including improved project economics, reduced resource consumption, and increased mine life, positioning the company advantageously in the manganese mining industry.

Manganese X Energy Corp. Secures Major Investment, Accelerates Battery Hill Project

Manganese X Energy Corp. has announced significant progress on its Battery Hill manganese project, emphasizing a $2,000,000 investment from Eric Sprott, which positions him as a Control Person of the company. This investment strengthens the company’s financial stability and accelerates its pre-feasibility study, aligning with its strategy to address the anticipated shortage of high-purity manganese by 2030, thus leading in the North American EV and energy storage markets. The company plans to initiate a pre-feasibility study in Q2 2025 to fast-track development and permitting, conduct various studies to support this, and continue engaging with First Nations communities.

Manganese X Energy Secures $2.1 Million Funding with Strategic Investment

Manganese X Energy Corp announced the closure of a $2.1 million non-brokered private placement, with significant investment from Eric Sprott, who will become a major shareholder pending necessary approvals. The funds are earmarked primarily for advancing the Battery Hill Project, reflecting the company’s strategic focus on enhancing its position in the energy storage market.

Manganese X Energy Secures Major Investment

Manganese X Energy Corp. announces a $2.1 million private placement, with a significant $2 million investment from Eric Sprott, potentially making him a new control person in the company. The funds will support the development of the Battery Hill project in New Brunswick, with a portion allocated for general working capital.