Basin Uranium Corp (NCLR) AI Stock Analysis

• Market Cap: C$2.99M
• Dividend Yield: N/A
• Average Volume (3M): 14.08K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.94
• Revenue Growth: N/A
• EPS Growth: -336.95%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): -0.01
• Shares Outstanding: 27,150,305
• 10 Day Avg. Volume: 2,391
• 30 Day Avg. Volume: 14,077
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 34 Underperform
• Price Target: ―

Basin Uranium Corp faces significant challenges, with zero revenue, increasing losses, and reliance on external financing. The technical analysis suggests bearish sentiment, and the negative P/E ratio reflects unattractive valuation. Without revenue growth, the long-term viability is concerning.

Basin Uranium Corp Business Overview & Revenue Model

Company Description

Basin Uranium Corp., a junior exploration company, engages in the mineral exploration and development activities in Canada and the United States. Its flagship project is the Mann Lake Uranium project covering 8,582 acres located in the eastern Athabasca Basin in northern Saskatchewan. The company was formerly known as Black Shield Metals Corp. and changed its name to Basin Uranium Corp. in October 2021. Basin Uranium Corp. was incorporated in 2017 and is based in Vancouver, Canada.

How the Company Makes Money

Basin Uranium Corp generates revenue primarily through the exploration and potential future production of uranium. The company capitalizes on the rising demand for clean energy sources by developing uranium projects, which are essential for nuclear power generation. While the company is currently in the exploration phase, its future revenue streams will likely include the sale of uranium resources to utility companies and other entities involved in nuclear energy production. Additionally, strategic partnerships and joint ventures with other mining companies or energy firms could provide further financial opportunities.

Basin Uranium Corp Financial Statement Overview

Summary

Basin Uranium Corp's financial performance is weak due to zero revenue, increasing net losses, and reliance on financing activities. Despite being debt-free, the deterioration of equity and negative cash flows are major concerns.

Income Statement

The company has consistently reported zero revenue across all periods, which is a significant concern. Net losses are increasing, with no indication of operational revenue generation. Margins such as gross profit margin and net profit margin cannot be calculated due to the absence of revenue.

Balance Sheet

The company has no debt, which is a positive sign, but the equity has decreased significantly over the years. The equity ratio is relatively stable given the limited liabilities, but the erosion of equity value is concerning.

Cash Flow

Operating cash flow remains negative, and free cash flow is deteriorating, suggesting operational inefficiencies. The company relies heavily on financing activities to support cash flow needs, which is unsustainable without revenue generation.

Breakdown	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00
Gross Profit	0.00	0.00	0.00	0.00	0.00
EBITDA	-1.91M	-1.02M	-2.11M	-232.27K	-52.72K
Net Income	-7.14M	-1.20M	-3.32M	-232.27K	-52.72K
Balance Sheet
Total Assets	2.64M	7.62M	6.74M	456.01K	98.06K
Cash, Cash Equivalents and Short-Term Investments	468.20K	729.54K	2.33M	376.76K	68.05K
Total Debt	0.00	0.00	0.00	0.00	0.00
Total Liabilities	134.58K	109.21K	124.31K	121.63K	52.52K
Stockholders Equity	2.51M	7.51M	6.62M	334.38K	45.53K
Cash Flow
Free Cash Flow	-2.08M	-3.20M	-4.10M	-181.59K	-30.20K
Operating Cash Flow	-1.44M	-904.43K	-2.16M	-181.59K	-10.20K
Investing Cash Flow	-640.68K	-2.29M	-1.94M	0.00	-20.00K
Financing Cash Flow	1.82M	―	6.05M	490.29K	98.25K

Basin Uranium Corp Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.11
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NCLR, the sentiment is Negative. The current price of 0.11 is below the 20-day moving average (MA) of 0.12, below the 50-day MA of 0.13, and below the 200-day MA of 0.18, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 38.31 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:NCLR.

Basin Uranium Corp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	44 Neutral	AU$1.51B	-7.20	-27.95%	4.55%	-2.91%	-36.73%
NCLR	34 Underperform	C$2.99M	―	-129.59%	―	―	-336.95%
NULGF	―	$1.16M	―	-201.17%	―	―	―
EDGM	42 Neutral	C$4.97M	―	-6.29%	―	―	4.82%
NBRK	36 Underperform	C$4.54M	―	-148.31%	―	―	25.60%
LOT	30 Underperform	C$4.80M	―		―	―	79.88%
RFR	21 Underperform	C$7.71M	―	-638.22%	―	―	62.12%

Basin Uranium Corp Corporate Events

Basin Uranium Corp Successfully Closes $699,749 Private Placement

Basin Uranium Corp has successfully closed a non-brokered private placement, raising $699,749.85 through the issuance of 4,664,999 units. Each unit includes a common share and a purchase warrant, with proceeds allocated towards advancing its U.S. property portfolio and general corporate purposes. The transaction involves related parties and includes finder fees, with securities subjected to a statutory hold period. This strategic financing aims to bolster Basin Uranium’s operations as it enhances its project development in the uranium sector.