Nickel North Exploration Corp (TSE:NNX)
:NNX
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Nickel North Exploration
(NNX)
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Rating:45Neutral
Price Target:
C$0.04
▲(120.00% Upside)
Action:ReiteratedDate:01/24/26
The score is held down primarily by very weak financial performance (pre-revenue, ongoing losses, negative free cash flow, and deeply negative equity with debt). Technicals are a partial offset with strong trend indicators, but overbought signals increase downside risk. Valuation remains unattractive/unclear due to negative earnings and no dividend.
Positive Factors
Reduced cash burn trend
Trailing-12-month operating cash flow improved materially to -$148K from -$839K in 2022. A sustained reduction in cash burn extends runway, lowers near-term financing pressure and reflects durable improvements in cost control or staging of activities that support longer-term project progression.
Negative Factors
Pre-revenue status
The company reports zero revenue across annual periods and TTM, meaning it is pre-revenue and lacks organic cash inflows. This structural absence of top-line revenue makes the business entirely dependent on external financing until commercial operations or resource monetization materialize, raising execution and dilution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Reduced cash burn trend
Trailing-12-month operating cash flow improved materially to -$148K from -$839K in 2022. A sustained reduction in cash burn extends runway, lowers near-term financing pressure and reflects durable improvements in cost control or staging of activities that support longer-term project progression.
Read all positive factors
Nickel North Exploration (NNX) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$5.80M
Dividend YieldN/A
Average Volume (3M)78.54K
Price to Earnings (P/E)―
Beta (1Y)-0.18
Revenue GrowthN/A
EPS Growth14.29%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding105,435,490
10 Day Avg. Volume148,997
30 Day Avg. Volume78,542
Financial Highlights & Ratios
PEG Ratio0.22
Price to Book (P/B)-0.71
Price to Sales (P/S)0.00
P/FCF Ratio-18.40
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Nickel North Exploration Business Overview & Revenue Model
Company Description
Nickel North Exploration Corp., an exploration stage company, engages in the acquisition, exploration, and evaluation of mineral property interests in Canada. The company explores for copper, nickel, and platinum group metals resources. It holds a...
How the Company Makes Money
Nickel North Exploration generates revenue through the exploration and development of its mineral properties. The company makes money by increasing the value of its exploration assets through exploration activities, such as drilling and geological...
Nickel North Exploration Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
7
Very Negative
Cash Flow
18
Very Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
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 | -5.50K | -609.00 |
| EBITDA | -289.33K | -288.65K | -35.45K | -765.07K | -87.84K | -198.77K |
| Net Income | -484.65K | -508.70K | -621.84K | -935.24K | -241.37K | -230.37K |
Balance Sheet | ||||||
| Total Assets | 71.07K | 30.41K | 46.22K | 142.74K | 10.82M | 10.85M |
| Cash, Cash Equivalents and Short-Term Investments | 44.68K | 15.05K | 26.58K | 35.31K | 10.12K | 51.89K |
| Total Debt | 2.55M | 2.43M | 2.11M | 1.80M | 1.53M | 1.30M |
| Total Liabilities | 3.05M | 2.84M | 2.35M | 1.87M | 1.80M | 1.70M |
| Stockholders Equity | -2.98M | -2.81M | -2.30M | -1.73M | 9.02M | 9.14M |
Cash Flow | ||||||
| Free Cash Flow | -147.79K | -109.17K | -137.48K | -838.88K | -161.78K | -70.48K |
| Operating Cash Flow | -147.79K | -109.17K | -137.48K | -838.88K | -146.44K | -70.13K |
| Investing Cash Flow | 0.00 | 0.00 | 28.75K | 0.00 | -15.34K | -350.00 |
| Financing Cash Flow | 178.72K | 97.64K | 100.00K | 864.07K | 120.00K | 90.00K |
Nickel North Exploration Technical Analysis
Positive
0.02
Price Trends
0.05
Positive
0.04
Positive
0.03
Positive
Market Momentum
<0.01
Negative
59.29
Neutral
166.67
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NNX, the sentiment is Positive. The current price of 0.02 is below the 20-day moving average (MA) of 0.05, below the 50-day MA of 0.05, and below the 200-day MA of 0.03, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 59.29 is Neutral, neither overbought nor oversold. The STOCH value of 166.67 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:NNX.
Nickel North Exploration Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | C$9.70M | -3.43 | -27.93% | ― | ― | 84.01% | |
51 Neutral | C$4.68M | -15.66 | 20.51% | ― | ― | 43.81% | |
45 Neutral | C$5.80M | -8.31 | 16.97% | ― | ― | 14.29% | |
| ― | C$5.31M | -1.13 | -32.69% | ― | ― | -54.44% |
* Basic Materials Sector Average
TSE:NNX
Nickel North Exploration
0.06
0.04
175.00%
TSE:RXM
Rockex Mining
0.04
0.03
250.00%
TSE:ADDY
Spearmint Resources Inc
0.08
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-50.00%
TSE:VRR
VR Resources
0.28
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TSE:TRAC
Traction Exploration
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-58.97%
Nickel North Exploration Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Nickel North Launches $3 Million Private Placement to Advance Quebec Critical Minerals Project
Positive
Jan 30, 2026
Nickel North Exploration Corp. has announced a non-brokered private placement of up to 60 million units at $0.05 per unit, for gross proceeds of up to $3 million, with each unit consisting of one common share and one-half warrant exercisable at $0...
Business Operations and Strategy
Nickel North Uncovers Strong Scandium Anomalies at Hawk Ridge, Boosting Critical Metals Potential
Positive
Jan 26, 2026
Nickel North Exploration has identified strong scandium and vanadium anomalies in soil, rock and historical core samples at its Hawk Ridge copper-nickel-PGE project in Northern Quebec, with assays returning scandium values up to 83 ppm and vanadiu...
Business Operations and StrategyExecutive/Board Changes
Nickel North Expands Board, Adds International Minerals Executive as Director
Positive
Jan 24, 2026
Nickel North Exploration Corp. has expanded its board of directors from four to five members and appointed Rujia (Edward) Gu as a new director. Gu brings a decade of international mineral trading experience in Nigeria, including lead, zinc, and co...
Business Operations and Strategy
Nickel North Awards 8.6 Million Stock Options to Advance Quebec Critical Minerals Project
Positive
Jan 19, 2026
Nickel North Exploration Corp. has granted a total of 8.6 million stock options under its 2025 Stock Option Plan to directors, officers, employees and consultants, with 8.1 million options vesting immediately and expiring five years from the grant...
Business Operations and Strategy
Nickel North Confirms Strong Cu-Ni-PGE-Au Soil Anomalies at Hawk Ridge Project
Positive
Jan 8, 2026
Nickel North Exploration has received final laboratory assay results from 205 soil samples at its Hawk Ridge project in northern Québec, confirming strong copper, nickel and precious metal anomalies and validating earlier handheld XRF reading...
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Nickel North Exploration Announces Successful 2025 AGM Results
Positive
Nov 21, 2025
Nickel North Exploration Corp. announced the successful results of its 2025 annual general meeting, where shareholders approved all proposed items, including the election of four directors and the appointment of MNP LLP as the company’s audi...
Business Operations and Strategy
Nickel North to Assay Soil Samples for Enhanced Exploration at Hawk Ridge
Positive
Nov 21, 2025
Nickel North Exploration Inc. announced the recovery and planned assay of 205 soil samples from its Hawk Ridge Project, following the discovery of strong cobalt, nickel, and copper anomalies through previous XRF analysis. The company aims to use I...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.