Class 1 Nickel & Technologies (NICO) AI Stock Analysis

• Market Cap: $29.43M
• Dividend Yield: N/A
• Average Volume (3M): 26.36K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.42
• Revenue Growth: N/A
• EPS Growth: 8.44%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 71
• Industry: Industrial Materials
• EPS (TTM): N/A
• Shares Outstanding: 183,938,350
• 10 Day Avg. Volume: 45,279
• 30 Day Avg. Volume: 26,359
• PEG Ratio: 0.05
• Price to Book (P/B): -13.06
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -3.24
• 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: 18 Underperform
• Price Target: ―

Class 1 Nickel & Technologies faces significant financial challenges, including persistent losses and negative cash flow, severely impacting its financial health. The technical analysis suggests a bearish trend, although the stock appears oversold, which might limit further declines. Positive corporate events like geophysical surveys and resource estimates offer some future potential, but the lack of profitability and poor valuation metrics weigh heavily on the overall score.

Class 1 Nickel & Technologies Business Overview & Revenue Model

Company Description

Class 1 Nickel and Technologies Limited engages in the exploration and development of minerals and base metals in Canada. The company explores for nickel, copper, and cobalt sulphide deposits. It primarily holds a 100% interest in the Alexo-Dundonald project, comprising 95 Boundary Cell Mining Claims, Single Cell Mining Claims, Leased Claims, and Patented Claims, which covers an approximately 1,895 hectares located to the northeast of Timmins, Ontario. It also holds option to acquire 100% interest in the Somanike Project located in the Abitibi Region of Quebec, and 100% interest in the River Valley PGE Project located to northeastern Ontario, Canada. The company was formerly known as Legendary Ore Mining Corporation and changed its name to Class 1 Nickel and Technologies Limited in September 2019. Class 1 Nickel and Technologies Limited was incorporated in 1989 and is headquartered in Toronto, Canada.

How the Company Makes Money

Class 1 Nickel & Technologies generates revenue primarily through the exploration and potential development of its mining assets. The company aims to identify and develop economically viable mineral deposits, which can be either sold to or partnered with larger mining companies for further development and eventual production. Revenue streams include the sale of mineral rights, joint venture agreements, and potential royalties from production. Success in generating income depends significantly on exploration outcomes, market conditions for nickel and related minerals, and strategic partnerships with other mining entities.

Class 1 Nickel & Technologies Financial Statement Overview

Summary

Class 1 Nickel & Technologies is facing significant financial distress, evidenced by persistent losses, negative equity, and cash flow challenges. The absence of revenue generation further exacerbates these issues, posing substantial risks to financial health and sustainability.

Income Statement

Class 1 Nickel & Technologies has reported zero revenue over multiple periods, indicating a lack of sales activity. The company consistently reports negative net income and EBIT, reflecting ongoing operational losses without any revenue inflow. This severely impacts profitability and indicates a challenging financial position.

Balance Sheet

The company's balance sheet reveals significant challenges, with negative stockholders' equity and a high debt load, reflected in the substantial debt-to-equity ratio. The equity ratio is also negative, highlighting financial instability and risk, which could affect future operations.

Cash Flow

The cash flow statement shows negative free cash flow and operating cash flow, indicating cash outflows from operations without any revenue generation. Financing activities have provided some cash inflow, but this may not be sustainable long-term. The company faces cash management challenges, impacting liquidity.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 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	8.95K
EBITDA	-1.77M	-158.17K	0.00	0.00	0.00
Net Income	-2.04M	-2.02M	-5.34M	-15.35M	-1.73M
Balance Sheet
Total Assets	1.57M	546.20K	854.48K	2.70M	4.02M
Cash, Cash Equivalents and Short-Term Investments	1.48M	82.40K	106.46K	2.15M	3.86M
Total Debt	2.46M	1.97M	1.05M	0.00	―
Total Liabilities	3.25M	2.48M	2.33M	1.55M	518.84K
Stockholders Equity	-1.68M	-1.93M	-1.48M	1.15M	3.50M
Cash Flow
Free Cash Flow	-1.05M	-2.26M	-5.97M	-6.75M	-1.55M
Operating Cash Flow	-1.05M	-2.26M	-5.97M	-6.75M	-1.55M
Investing Cash Flow	0.00	0.00	0.00	0.00	0.00
Financing Cash Flow	2.44M	2.24M	3.92M	5.04M	5.24M

Class 1 Nickel & Technologies Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.16
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NICO, the sentiment is Negative. The current price of 0.16 is below the 20-day moving average (MA) of 0.19, below the 50-day MA of 0.19, and below the 200-day MA of 0.19, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 29.89 is Positive, neither overbought nor oversold. The STOCH value of 38.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:NICO.

Class 1 Nickel & Technologies Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EMM	48 Neutral	C$20.57M	―	-43.82%	―	―	-55.00%
Sector *	44 Neutral	C$982.42M	-6.71	-13.24%	2.54%	17.20%	-32.72%
EVNI	39 Underperform	C$20.02M	―	-92.05%	―	―	51.18%
TN	37 Underperform	C$14.41M	―	-22.48%	―	―	6.12%
ELBM	34 Underperform	C$27.12M	―	-46.87%	―	―	60.76%
NICO	18 Underperform	$29.43M	―		―	―	8.44%
NMI		C$15.25M	―	-2.11%	―	―	―

Class 1 Nickel & Technologies Corporate Events

Class 1 Nickel Completes Geophysical Survey at River Valley Project

Class 1 Nickel and Technologies Limited has completed an airborne geophysical survey over its River Valley PGE-Cu-Ni Project in Ontario. This survey, conducted by Geotech Ltd, marks the first use of VTEM™ Plus technology in the area, aiming to identify new exploration targets by testing the extent of sulphide-hosted mineralization. The results of this survey could significantly impact the company’s exploration strategy and provide insights into potential new resources, enhancing its positioning in the mineral exploration industry.

Spark’s Take on TSE:NICO Stock

According to Spark, TipRanks’ AI Analyst, TSE:NICO is a Underperform.

Class 1 Nickel & Technologies faces significant financial challenges, including persistent losses and negative cash flow, severely impacting its financial health. The technical analysis suggests a bearish trend, although the stock appears oversold, which might limit further declines. The lack of profitability and dividend yield further detracts from its investment appeal.

To see Spark’s full report on TSE:NICO stock, click here.

Class 1 Nickel Reveals Enhanced Resource Estimate for Dundonald North Deposit

Class 1 Nickel & Technologies Ltd. has announced an updated mineral resource estimate for the Dundonald North Nickel Sulphide Deposit, revealing significant increases in tonnage and contained metals. The updated estimate shows a 31.4% increase in total tonnes, with notable rises in contained nickel, copper, and cobalt. This development highlights the potential for further exploration and resource expansion, positioning the company favorably within the nickel mining sector and offering promising opportunities for future drilling and development.

Class 1 Nickel Launches Geophysical Survey at River Valley Project

Class 1 Nickel & Technologies has initiated an airborne geophysical survey at its River Valley PGE Project in Sudbury, Ontario, utilizing Geotech Ltd.’s VTEM™ Plus technology. This survey aims to explore sulphide-hosted PGE-Cu-Ni mineralization, potentially identifying new exploration targets. The project is strategically located near advanced infrastructure and neighboring projects, enhancing its potential impact on the company’s exploration portfolio and market positioning.