Morien Resources (MOX) AI Stock Analysis

• Market Cap: C$12.31M
• Dividend Yield: N/A
• Average Volume (3M): 34.46K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.28
• Revenue Growth: -79.75%
• EPS Growth: 33.53%
• Country: CA
• Employees: 6
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Coal
• EPS (TTM): >-0.01
• Shares Outstanding: 51,292,000
• 10 Day Avg. Volume: 38,400
• 30 Day Avg. Volume: 34,463
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 47 Neutral
• Price Target: ―

Morien Resources faces significant financial challenges, with declining revenues, consistent losses, and negative cash flows. Despite a strong equity position and no debt, these issues heavily weigh down the stock's appeal. The technical analysis shows mixed signals, offering some short-term optimism but no clear direction. Valuation metrics further underscore financial struggles, with a negative P/E ratio and no dividend yield. However, the company's future prospects could improve due to favorable government policies promoting resource development.

Positive Factors

Strong Equity Position

A strong equity position with zero debt provides financial stability and flexibility, allowing the company to weather financial challenges and invest in growth opportunities without the burden of interest expenses.

Government Support

Supportive government policies can expedite project approvals and foster growth in the resource sector, potentially enhancing the company's ability to develop its assets and increase revenue streams.

Strategic Partnerships

Strategic partnerships allow Morien to leverage expertise and resources from operating partners, optimizing its investment portfolio and expanding its asset base without incurring significant operational costs.

Negative Factors

Declining Revenues

Consistently declining revenues indicate challenges in maintaining market share and demand for the company's products, which could hinder long-term growth and profitability.

Negative Cash Flows

Negative cash flows from operations highlight operational inefficiencies and liquidity concerns, limiting the company's ability to invest in growth initiatives and meet financial obligations.

Operational Inefficiencies

Negative EBIT and EBITDA margins reflect operational inefficiencies, suggesting the company struggles to generate sufficient income from its core operations, impacting long-term financial health.

Morien Resources Business Overview & Revenue Model

Company Description

Morien Resources Corp., a mining development company, engages in the identification and purchase of mineral projects in Canada. The company holds royalty interests in the Donkin coal mine located in Cape Breton, Nova Scotia; and the Black Point aggregate project, a granite deposit located in Guysborough County, Nova Scotia. Morien Resources Corp. is headquartered in Halifax, Canada.

How the Company Makes Money

Morien Resources generates revenue through royalty interests and the development of its mineral properties. The company's key revenue streams include royalties from the production of its coal assets, notably the Donkin Coal Project in Nova Scotia. Morien earns a production royalty from this project, which provides a percentage of the revenue generated from coal sales. Additionally, the company benefits from strategic partnerships and agreements with operating partners who manage the day-to-day mining operations, allowing Morien to focus on optimizing its investment portfolio and expanding its asset base.

Morien Resources Financial Statement Overview

Summary

Morien Resources is facing financial challenges, with declining revenues and consistent losses over recent years. While the company has no debt and maintains a strong equity position, ongoing net losses and negative cash flows highlight operational inefficiencies and liquidity concerns.

Income Statement

Morien Resources has faced declining revenues and continuous losses over the years, with a significant drop in revenue from 2023 to 2024. The gross profit margin remained consistent at 100% due to the absence of cost of goods sold, but the net profit margin was deeply negative in recent years, indicating ongoing financial struggles. The EBIT and EBITDA margins are also negative, reflecting operational inefficiencies.

Balance Sheet

The company maintains a strong equity position with no debt, leading to a debt-to-equity ratio of zero. However, the return on equity is negative due to net losses. The equity ratio is moderately high, indicating a reliance on equity financing. Despite a shrinking asset base, the company has managed to maintain a stable balance sheet relative to liabilities.

Cash Flow

The cash flow statements show negative operating cash flows in recent years, with significant fluctuations in free cash flow. The free cash flow to net income ratio is negative, reflecting the company's inability to generate positive cash flow from operations. Despite a cash infusion from investing activities in 2024, the overall cash flow situation remains strained.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	45.53K	82.37K	962.28K	173.25K	60.78K	249.24K
Gross Profit	45.53K	82.37K	962.28K	173.25K	60.78K	249.24K
EBITDA	-788.74K	-878.29K	-375.82K	0.00	0.00	0.00
Net Income	-611.51K	-613.20K	-307.69K	-545.12K	-364.87K	-560.83K
Balance Sheet
Total Assets	1.01M	1.21M	1.47M	1.48M	2.36M	2.72M
Cash, Cash Equivalents and Short-Term Investments	920.36K	1.07M	1.38M	1.26M	2.32M	2.65M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	1.09M	946.72K	815.07K	697.20K	566.36K	452.63K
Stockholders Equity	-87.48K	267.70K	651.25K	787.25K	1.79M	2.27M
Cash Flow
Free Cash Flow	-398.50K	-487.64K	391.06K	-694.25K	-396.44K	-35.45K
Operating Cash Flow	-398.50K	-487.64K	391.06K	-694.25K	-396.44K	-35.45K
Investing Cash Flow	543.17K	590.93K	20.29K	132.84K	157.00	-867.66K
Financing Cash Flow	4.43K	0.00	-313.85K	-456.38K	-118.58K	-563.17K

Morien Resources Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.20
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MOX, the sentiment is Negative. The current price of 0.2 is below the 20-day moving average (MA) of 0.23, below the 50-day MA of 0.24, and below the 200-day MA of 0.28, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 37.71 is Neutral, neither overbought nor oversold. The STOCH value of 12.09 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:MOX.

Morien Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
REVV	59 Neutral	C$12.89M	-3.19	-69.20%	―	-31.40%	-354.49%
MOX	47 Neutral	C$12.31M	-20.17	-1509.04%	―	-79.75%	33.53%
SME	40 Underperform	C$12.10M	2.59	-53.52%	―	―	-294.04%
CAD	39 Underperform	C$368.06M	-177.19	-9.97%	―	―	76.49%
PTU	38 Underperform	C$47.90M	-10.07	-197.16%	―	―	32.83%

Morien Resources Corporate Events

Morien Resources Applauds Nova Scotia’s Pro-Resource Agenda

Morien Resources Corp. has expressed approval of the Nova Scotia Government’s renewed commitment to the natural resource sector, as detailed in Premier Tim Houston’s recent letter outlining his second-term governance strategy. The Premier aims to enhance self-reliance by exploiting opportunities in energy and minerals, emphasizing a need to expedite project approvals and reverse outright bans, which is expected to benefit companies like Morien in the resource-rich province.