MetalQuest Mining (MQM) AI Stock Analysis

• Market Cap: C$1.48M
• Dividend Yield: N/A
• Average Volume (3M): 5.24K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.87
• Revenue Growth: N/A
• EPS Growth: 94.54%
• Country: CA
• Employees: N/A
• Sector: Real Estate
• Sector Strength: 80
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 26,914,783
• 10 Day Avg. Volume: 9,033
• 30 Day Avg. Volume: 5,244
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• 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: C$0.72
• Price Target Upside: 1100.00% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

El Nino Ventures has a challenging financial position with no revenue and persistent losses, which significantly weigh down the overall score. The technical analysis provides a slightly positive outlook with upward momentum, but the valuation remains unappealing due to negative earnings. Improvements in financial performance and clearer revenue generation strategies are needed to enhance the stock's attractiveness.

MetalQuest Mining Business Overview & Revenue Model

Company Description

MetalQuest Mining Inc., an exploration stage company, acquires, explores, and develops mineral properties in Canada. The company explores for iron, zinc, lead, copper, silver, and gold deposits. It holds a 100% interest in the Lac Otelnuk Iron Ore project, which include 306 claims located in Nunavik, Quebec; and 28.33% interest in the Murray Brook Project located to the west of Bathurst, New Brunswick. The company was formerly known as El Nino Ventures Inc. and changed its name to MetalQuest Mining Inc. in December 2022. MetalQuest Mining Inc. was incorporated in 1988 and is based in Vancouver, Canada.

How the Company Makes Money

El Nino Ventures generates revenue through its mineral exploration activities. The company primarily earns money by acquiring exploration rights to mineral-rich properties and then conducting exploration activities to identify viable mineral deposits. If a significant deposit is discovered, the company may either develop the project further, sell the rights to other mining companies, or enter into joint ventures with larger mining companies. These partnerships or sales provide El Nino Ventures with cash flow or equity stakes in developed mining operations. Additionally, the company may also raise capital through the issuance of shares or other financial instruments to fund its exploration projects.

MetalQuest Mining Financial Statement Overview

Summary

El Nino Ventures faces significant financial challenges with no revenue generation, substantial operational losses, and negative cash flows. The company's strong equity position is a positive aspect, but the declining asset base and inability to generate cash from operations indicate a need for strategic adjustments to improve financial health.

Income Statement

El Nino Ventures has consistently reported zero revenue, indicating a lack of sales or operational income. The company is operating at a loss, with negative EBIT and net income figures, highlighting significant operational challenges. The lack of revenue growth and persistent negative profitability margins are major concerns.

Balance Sheet

The company's balance sheet reflects a strong equity position, with zero debt, resulting in a debt-to-equity ratio of zero. However, the consistent decline in stockholders' equity and total assets over recent periods signals potential financial instability. The equity ratio remains relatively high, providing a cushion against liabilities.

Cash Flow

Free cash flow and operating cash flow are both negative, indicating cash consumption rather than generation. The company has not been able to cover its net income with operating cash flow, signaling liquidity issues. The lack of positive cash flow growth further exacerbates the financial challenges.

Breakdown
Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00
	Gross Profit
0.00	0.00	-4.76K	-5.95K	-5.95K
	EBIT
-676.27K	-330.95K	-323.67K	-464.54K	-333.71K
	EBITDA
-721.11K	-299.11K	-299.87K	-445.33K	-299.00K
	Net Income Common Stockholders
-64.60K	-478.87K	-122.17K	-412.01K	-305.12K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
724.21K	510.96K	1.02M	819.54K	1.14M
	Total Assets
843.94K	594.56K	1.02M	841.60K	1.17M
	Total Debt
0.00	0.00	0.00	0.00	0.00
	Net Debt
-276.00K	-426.70K	-785.27K	-641.29K	-931.48K
	Total Liabilities
98.43K	67.57K	23.00K	37.98K	27.03K
	Stockholders Equity
745.51K	526.99K	997.22K	803.63K	1.15M
Cash Flow		Free Cash Flow
-434.24K	-358.58K	-306.87K	-373.04K	-503.21K
	Operating Cash Flow
-434.24K	-292.46K	-303.83K	-373.04K	-484.76K
	Investing Cash Flow
283.54K	-66.11K	164.06K	82.85K	-9.36K
	Financing Cash Flow
0.00	0.00	283.75K	0.00	0.00

MetalQuest Mining 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:MQM, the sentiment is Positive. The current price of 0.06 is above the 20-day moving average (MA) of 0.06, above the 50-day MA of 0.06, and above the 200-day MA of 0.05, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 60.26 is Neutral, neither overbought nor oversold. The STOCH value of 83.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:MQM.

MetalQuest Mining Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MND	82 Outperform	C$478.05M	7.17	22.34%	―	37.39%	516.99%
Sector *	60 Neutral	$2.78B	11.39	0.16%	8531.54%	5.92%	-14.67%
FOM	46 Neutral	C$1.43B	―	-3.01%	―	―	8.92%
MQM	40 Underperform	C$1.48M	―	-6.88%	―	―	94.54%

MetalQuest Mining Corporate Events

MetalQuest Mining Releases 2023 ESG/Sustainability Report

MetalQuest Mining has released its second ESG/Sustainability Report for 2023, emphasizing its commitment to environmental, social, and governance practices, particularly in its Lac Otelnuk Iron Ore Project in Quebec. The report aligns with TCFD and SASB frameworks, showcasing the company’s dedication to transparency and stakeholder engagement, including agreements with local First Nations, which is crucial for long-term project sustainability and industry compliance.

MetalQuest Mining Updates on AGM and Stock Options

MetalQuest Mining has announced a delay in the distribution of their annual general meeting materials due to a postal strike in Canada, urging shareholders to access materials online. Additionally, the company is granting stock options to key personnel and continues its development plans for the significant Lac Otelnuk Iron Ore Project in Quebec.