Newfoundland Discovery Corp (NEWD) AI Stock Analysis

• Market Cap: C$605.97K
• Dividend Yield: N/A
• Average Volume (3M): 32.19K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.21
• Revenue Growth: N/A
• EPS Growth: -219.47%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 63
• Industry: Gold
• EPS (TTM): -0.01
• Shares Outstanding: 9,322,647
• 10 Day Avg. Volume: 50,650
• 30 Day Avg. Volume: 32,187
• PEG Ratio: 0.78
• Price to Book (P/B): 7.73
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -102.88
• 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: 36 Underperform
• Price Target: ―

Newfoundland Discovery Corp's stock score is primarily impacted by its poor financial performance with continuous losses, no revenue, and negative cash flow. Technical indicators show some positive momentum, but the overbought condition signals caution. The valuation metrics, with a negative P/E and no dividend, further weigh on the stock's attractiveness.

Newfoundland Discovery Corp Business Overview & Revenue Model

Company Description

Newfoundland Discovery Corp (NEWD) is a company engaged in the exploration and development of mineral properties. It operates primarily in the mining sector, focusing on identifying and developing high-potential mineral resources. The company aims to create value through strategic exploration and development initiatives, leveraging advanced technologies and methodologies to maximize resource discovery and extraction.

How the Company Makes Money

Newfoundland Discovery Corp makes money through the exploration and potential development of mineral properties. Its revenue model is primarily based on identifying promising mineral resources, which can be capitalized upon through partnerships, joint ventures, or sales of mineral rights to larger mining companies. Additionally, NEWD may generate income from selling extracted minerals if they move into production phases. The company's earnings are significantly influenced by the success of its exploration activities, market demand for the minerals it discovers, and strategic partnerships that enable further development and commercialization of its resources.

Newfoundland Discovery Corp Financial Statement Overview

Summary

Newfoundland Discovery Corp faces significant financial challenges, with no revenue and continuous losses impacting its income statement. While the balance sheet shows zero debt, the decline in equity and assets is concerning. The cash flow statement reflects ongoing difficulties in generating positive cash flow, indicating a need for strategic changes to improve financial health.

Income Statement

Newfoundland Discovery Corp has consistently reported zero revenue over the periods analyzed, leading to negative EBIT and net income. The absence of revenue growth is a significant concern, and the continuous losses indicate a challenging financial position in generating profits.

Balance Sheet

The company shows no debt, which is a positive aspect, and maintains a relatively low level of liabilities compared to equity. However, the diminishing stockholders' equity and assets over time reflect a weakening financial position. The equity ratio remains high, suggesting reliance on equity financing, which could be a risk if equity continues to decline.

Cash Flow

Operating cash flow is consistently negative, indicating challenges in generating cash from core operations. The free cash flow is also negative, and there is no significant improvement in cash flow metrics. The inability to generate positive free cash flow raises concerns about the company's financial sustainability.

Breakdown	TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	0.00	0.00	―	0.00	―	0.00
EBITDA	-8.67M	-570.00K	-281.00K	-964.00K	-2.11M	-281.00K
Net Income	-11.64M	-12.98M	-2.30M	-1.09M	-2.11M	-405.00K
Balance Sheet
Total Assets	642.33K	1.08M	14.10M	12.26M	9.71M	4.22M
Cash, Cash Equivalents and Short-Term Investments	38.89K	272.67K	805.87K	1.58M	3.44M	55.05K
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	376.98K	540.92K	571.01K	483.99K	895.66K	483.70K
Stockholders Equity	265.35K	542.88K	13.53M	11.77M	8.81M	3.74M
Cash Flow
Free Cash Flow	-317.05K	-744.05K	-2.24M	-2.64M	-3.33M	-422.56K
Operating Cash Flow	-284.00K	-727.00K	-223.21K	-903.91K	-2.15M	-329.32K
Investing Cash Flow	177.81K	193.81K	-1.24M	-1.73M	-1.03M	-93.25K
Financing Cash Flow	0.00	0.00	686.15K	780.12K	5.01M	1.96M

Newfoundland Discovery Corp Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.06
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NEWD, the sentiment is Neutral. 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 below the 200-day MA of 0.08, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 51.35 is Neutral, neither overbought nor oversold. The STOCH value of 55.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:NEWD.

Newfoundland Discovery Corp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	44 Neutral	C$953.01M	-6.70	-13.31%	2.79%	17.55%	-32.28%
NEWD	36 Underperform	C$605.97K	―	-205.13%	―	―	-219.47%
KLM	31 Underperform	C$893.43K	―	-182.40%	―	―	42.28%
GRAY	25 Underperform	$352.20K	―	78.47%	―	―	70.80%
GMR	24 Underperform	C$470.89K	―	-387.55%	―	―	-335.14%

Newfoundland Discovery Corp Corporate Events

Newfoundland Discovery Plans Share Consolidation Move

Newfoundland Discovery Corp. is set to implement a 1-for-10 share consolidation, which will take effect on November 6, 2024, when the shares begin trading on the Canadian Securities Exchange on a consolidated basis. The company’s focus remains on exploring and developing mineral assets in Canadian mining districts, including lithium and precious metals projects.

Newfoundland Discovery Corp. Announces Share Consolidation

Newfoundland Discovery Corp. has announced a consolidation of its common shares, exchanging twenty pre-consolidated shares for one post-consolidated share, resulting in 4,661,333 shares outstanding. The company’s name and stock symbol will remain unchanged, pending approval from the Canadian Securities Exchange.