Nickel North Exploration Corp (TSE:NNX)
:NNX
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Nickel North Exploration
(NNX)
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Rating:42Neutral
Price Target:
C$0.05
▲(140.00% Upside)
Action:Reiterated
Date:05/08/26
The score is driven primarily by weak financial fundamentals (no revenue, ongoing losses, negative cash flow, and negative equity with debt). Technical indicators also reflect weak momentum, and valuation metrics are not meaningfully supportive due to negative earnings and no dividend data.
Positive Factors
Improving cash burn
Operating cash burn showed a material improvement in 2025, which, if sustained, reduces near-term financing pressure and extends runway. That trend points to tighter cost control or project sequencing improvements, helping the company pursue exploration milestones with less immediate dilution risk.
Negative Factors
Pre-revenue model
Being pre-revenue is a structural constraint: without commercial cash inflows the business must continually access external capital to fund exploration. This reliance increases dilution and financing risk and means long-term value hinges on successful resource development rather than current cash generation.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving cash burn
Operating cash burn showed a material improvement in 2025, which, if sustained, reduces near-term financing pressure and extends runway. That trend points to tighter cost control or project sequencing improvements, helping the company pursue exploration milestones with less immediate dilution risk.
Read all positive factors
Nickel North Exploration (NNX) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$5.27M
Dividend YieldN/A
Average Volume (3M)78.54K
Price to Earnings (P/E)―
Beta (1Y)-0.45
Revenue GrowthN/A
EPS Growth21.57%
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 Ratio0.29
Price to Book (P/B)-2.91
Price to Sales (P/S)0.00
P/FCF Ratio-11.60
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
null...
Nickel North Exploration Financial Statement Overview
Summary
Income Statement
10
Very Negative
Balance Sheet
7
Very Negative
Cash Flow
12
Very Negative
| Breakdown | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | -5.50K |
| EBITDA | -359.08K | -288.65K | -35.45K | -765.07K | -87.84K |
| Net Income | -441.69K | -508.70K | -621.84K | -935.24K | -241.37K |
Balance Sheet | |||||
| Total Assets | 1.42M | 30.41K | 46.22K | 142.74K | 10.82M |
| Cash, Cash Equivalents and Short-Term Investments | 1.37M | 15.05K | 26.58K | 35.31K | 10.12K |
| Total Debt | 2.14M | 2.43M | 2.11M | 1.80M | 1.53M |
| Total Liabilities | 2.64M | 2.84M | 2.35M | 1.87M | 1.80M |
| Stockholders Equity | -1.22M | -2.81M | -2.30M | -1.73M | 9.02M |
Cash Flow | |||||
| Free Cash Flow | -305.87K | -109.17K | -137.48K | -838.88K | -161.78K |
| Operating Cash Flow | -305.87K | -109.17K | -137.48K | -838.88K | -146.44K |
| Investing Cash Flow | 0.00 | 0.00 | 28.75K | 0.00 | -15.34K |
| Financing Cash Flow | 1.66M | 97.64K | 100.00K | 864.07K | 120.00K |
Nickel North Exploration Technical Analysis
Positive
0.02
Price Trends
0.05
Negative
0.05
Positive
0.04
Positive
Market Momentum
>-0.01
Negative
59.49
Neutral
66.67
Neutral
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 0.04, below the 50-day MA of 0.05, and below the 200-day MA of 0.04, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 59.49 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, 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% | |
46 Neutral | C$4.68M | -6.78 | 20.51% | ― | ― | -32.73% | |
43 Neutral | C$5.37M | -3.43 | -27.93% | ― | ― | 89.91% | |
42 Neutral | C$5.27M | -8.04 | 16.97% | ― | ― | 21.57% | |
| ― | C$6.02M | -1.13 | -32.69% | ― | ― | -54.44% |
* Basic Materials Sector Average
TSE:NNX
Nickel North Exploration
0.05
0.03
150.00%
TSE:RXM
Rockex Mining
0.04
0.03
250.00%
TSE:ADDY
Spearmint Resources Inc
0.08
-0.08
-50.00%
TSE:VRR
VR Resources
0.15
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TSE:TRAC
Traction Exploration
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170.18%
Nickel North Exploration Corporate Events
Private Placements and Financing
Nickel North Raises $500,000 in Flow-Through Private Placement for Hawk Ridge Exploration
Positive
Mar 25, 2026
Nickel North Exploration has closed a flow-through, non-brokered private placement, issuing 9,090,910 flow-through common shares at $0.055 per share for gross proceeds of $500,000. The company paid a finder’s fee in shares equal to 6% of the...
Business Operations and StrategyPrivate Placements and Financing
Nickel North Launches $500,000 Flow-Through Financing for Hawk Ridge Exploration
Positive
Mar 16, 2026
Nickel North Exploration has announced a non-brokered flow-through private placement of up to 9,090,909 common shares at $0.055 per share, aiming to raise as much as $500,000 in additional gross proceeds. The financing, which follows a previously ...
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.