Manganese X Energy Corp (TSE:MN)
:MN
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Manganese X Energy Corp
(MN)
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Rating:49Neutral
Price Target:
C$0.11
▼(-12.31% Downside)
Action:ReiteratedDate:01/24/26
The score is held down primarily by weak financial performance (no revenue, ongoing losses, and negative free cash flow), partially offset by a low-leverage balance sheet (no debt) and improving loss/cash-burn trends. Technicals are moderately supportive with the price trading above key moving averages and neutral-to-positive momentum, while valuation remains constrained by negative earnings and no dividend data.
Positive Factors
Low financial leverage (no debt)
Reported zero total debt across reported years reduces solvency risk and preserves financial flexibility. For a pre-commercial miner this lowers near-term default risk, makes future project financing easier to structure, and lengthens runway while development milestones are pursued.
Negative Factors
Pre-commercial company with no revenue
Absence of revenue across multiple years confirms the company remains pre-commercial; its ability to generate sustainable cash flows depends entirely on successful project development and commodity offtake. This creates execution risk and uncertain timing to realize operating margins.
Read all positive and negative factors
Positive Factors
Negative Factors
Low financial leverage (no debt)
Reported zero total debt across reported years reduces solvency risk and preserves financial flexibility. For a pre-commercial miner this lowers near-term default risk, makes future project financing easier to structure, and lengthens runway while development milestones are pursued.
Read all positive factors
Manganese X Energy Corp (MN) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$24.73M
Dividend YieldN/A
Average Volume (3M)181.54K
Price to Earnings (P/E)―
Beta (1Y)0.09
Revenue GrowthN/A
EPS Growth29.85%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding215,072,430
10 Day Avg. Volume361,241
30 Day Avg. Volume181,537
Financial Highlights & Ratios
PEG Ratio0.23
Price to Book (P/B)4.50
Price to Sales (P/S)0.00
P/FCF Ratio-7.87
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
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...
How the Company Makes Money
null...
Manganese X Energy Corp Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
46
Neutral
Cash Flow
18
Very Negative
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | -15.00K | -15.00K | -15.00K | -15.00K |
| EBITDA | -1.70M | -2.19M | -2.81M | -4.25M | -4.85M |
| Net Income | -1.57M | -2.28M | -2.83M | -4.27M | -4.88M |
Balance Sheet | |||||
| Total Assets | 3.10M | 2.37M | 3.95M | 4.05M | 5.98M |
| Cash, Cash Equivalents and Short-Term Investments | 2.86M | 2.20M | 3.32M | 3.51M | 5.56M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 77.46K | 179.24K | 106.85K | 128.43K | 243.51K |
| Stockholders Equity | 3.03M | 2.19M | 3.84M | 3.93M | 5.74M |
Cash Flow | |||||
| Free Cash Flow | -1.73M | -1.93M | -2.74M | -2.10M | -2.91M |
| Operating Cash Flow | -1.73M | -1.93M | -2.74M | -2.10M | -2.91M |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 41.81K |
| Financing Cash Flow | 2.40M | 804.13K | 2.55M | 46.13K | 7.90M |
Manganese X Energy Corp Technical Analysis
Positive
0.13
Price Trends
0.13
Negative
0.13
Negative
0.10
Positive
Market Momentum
>-0.01
Negative
49.20
Neutral
66.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MN, the sentiment is Positive. The current price of 0.13 is above the 20-day moving average (MA) of 0.12, above the 50-day MA of 0.13, and above the 200-day MA of 0.10, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 49.20 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 Positive sentiment for TSE:MN.
Manganese X Energy Corp Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
49 Neutral | C$24.73M | -16.75 | -58.92% | ― | ― | 29.85% | |
| ― | C$22.01M | -21.55 | -5.19% | ― | ― | 93.75% | |
51 Neutral | C$29.74M | 76.05 | 0.62% | ― | ― | ― | |
49 Neutral | C$25.15M | -2.15 | -27.31% | ― | ― | 41.07% | |
45 Neutral | C$42.21M | -1.93 | -130.81% | ― | ― | ― | |
40 Underperform | C$20.73M | -1.62 | -749.50% | ― | 36.37% | 21.97% |
* Basic Materials Sector Average
TSE:MN
Manganese X Energy Corp
0.12
0.03
27.78%
TSE:AMY
RecycLiCo Battery Materials
0.09
0.04
70.00%
TSE:SMN
Sun Summit Minerals Corp.
0.14
0.06
68.75%
TSE:VUL
Vulcan Minerals
0.23
0.14
155.56%
TSE:EMM
Giyani Gold
0.08
<0.01
7.14%
TSE:EMN
Euro Manganese
0.15
-0.25
-62.82%
Manganese X Energy Corp Corporate Events
Business Operations and StrategyExecutive/Board Changes
Manganese X Energy Names Interim CFO as Battery Hill Project Advances
Positive
Mar 6, 2026
Manganese X Energy Corp. has appointed former Controller Andrew Gainsbury as acting Chief Financial Officer on an interim basis, bringing more than 16 years of financial management and consulting experience in Canada and Brazil, including roles wi...
Business Operations and Strategy
Manganese X Advances Battery Hill Pre-Feasibility Work and Steps Up Industry Outreach
Positive
Feb 27, 2026
Manganese X Energy Corp. has advanced its pre-feasibility study for the Battery Hill project, launching a targeted geotechnical drilling program and ongoing metallurgical process optimization to refine mine design and processing. Working with ABH ...
Business Operations and Strategy
Manganese X Wins South African Patent for High-Purity Battery-Grade Manganese Process
Positive
Feb 10, 2026
Manganese X Energy Corp. has secured a patent from the South African Patent Office for its proprietary process to produce high-purity manganese sulfate, a key input for lithium-ion batteries used in electric vehicles and stationary energy storage....
Business Operations and Strategy
Manganese X Backs G7 Critical Minerals Buyer’s Club as Battery Hill Gains Strategic Relevance
Positive
Jan 26, 2026
Manganese X Energy Corp. has thrown its support behind a proposed G7 critical minerals buyer’s club strategy, outlined at the World Economic Forum in Davos, which is intended to aggregate demand, secure long-term offtake agreements and de-ri...
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.