Nickel North Exploration (NNX) AI Stock Analysis

• Market Cap: C$3.16M
• Dividend Yield: N/A
• Average Volume (3M): 78.54K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.24
• Revenue Growth: N/A
• EPS Growth: 14.29%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 105,435,490
• 10 Day Avg. Volume: 148,997
• 30 Day Avg. Volume: 78,542
• PEG Ratio: 0.22
• Price to Book (P/B): -0.71
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -18.40
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 47 Neutral
• Price Target: C$0.03 ▲(50.00% Upside)

The score is held down primarily by very weak fundamentals (no revenue, ongoing losses/cash burn, and a highly stressed balance sheet with negative equity and debt). Technicals provide only modest support (price above key moving averages but negative MACD), while corporate events are a partial offset due to improved funding and exploration progress; valuation remains unfavorable/unclear due to negative earnings and no dividend.

Positive Factors

Strategic Positioning

Extending the Hawk Ridge option agreement enhances Nickel North's strategic positioning in the critical minerals sector, aligning with Quebec's development plans. This move could strengthen the company's long-term prospects in the high-demand nickel market.

Project Expansion

The potential acquisition of a full interest in the Hawk Ridge Project could significantly boost Nickel North's asset base, providing a pathway to increased resource control and potential profitability in the growing nickel market.

Funding Strategy

By shifting its funding strategy to offering units, Nickel North aims to raise capital more effectively, enhancing financial flexibility and supporting ongoing operations, which is crucial for sustaining exploration activities.

Negative Factors

Financial Instability

The negative stockholders' equity and high leverage indicate financial instability, posing risks to long-term viability. This financial position limits the company's ability to invest in growth and weather economic downturns.

Lack of Revenue

The absence of revenue highlights operational challenges and a lack of income generation, which undermines the company's ability to achieve profitability and sustain its business model in the long term.

Negative Cash Flow

Persistent negative cash flow from operations indicates reliance on external financing, which can be unsustainable. This cash flow issue limits the company's ability to fund exploration and development activities internally.

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 100% interest in the Hawk Ridge property consisting of 624 contiguous mineral claims covering an area of approximately 26,868.94 hectares located in Ungava Bay, Northern Quebec. The company was formerly known as Orient Venture Capital Inc. and changed its name to Nickel North Exploration Corp. in July 2012. Nickel North Exploration Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada.

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 surveys, which can lead to the discovery of economically viable nickel and base metal deposits. Once a deposit is identified and proven economically feasible, Nickel North can either develop the mine to extract and sell the minerals or enter into joint ventures or partnerships with larger mining companies to share the cost and profit. Additionally, the company may earn income by selling or optioning its exploration properties to other mining companies seeking to expand their resource bases. Key revenue streams include the sale of minerals, joint venture agreements, and property transactions. Strategic partnerships and favorable market conditions for nickel, driven by demand from the electric vehicle and renewable energy sectors, significantly contribute to the company's earnings.

Nickel North Exploration Financial Statement Overview

Summary

Nickel North Exploration is facing severe financial challenges with no revenue, consistent losses, high leverage, and negative cash flows. The company's reliance on external financing to support operations increases its financial risk.

Income Statement

Nickel North Exploration has reported no revenue over the analyzed periods, indicating a lack of operational income. Consistent net losses and negative EBIT and EBITDA margins reflect ongoing operational challenges and a significant lack of profitability.

Balance Sheet

The company has a negative stockholders' equity, indicating liabilities exceed assets significantly, which is a risky financial position. The high debt-to-equity ratio reflects substantial leverage, and the equity ratio is negative, further emphasizing financial instability.

Cash Flow

Operating cash flow is consistently negative, indicating cash outflow from operations. However, there is some financing activity, suggesting reliance on external funding. The free cash flow is also negative, showing challenges in generating cash after capital expenditures.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 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	-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

• Technical Analysis Sentiment: Positive
• Last Price: 0.02
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: 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 0.02, below the 50-day MA of 0.03, and below the 200-day MA of 0.02, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 59.57 is Neutral, neither overbought nor oversold. The STOCH value of 44.44 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
NNX	47 Neutral	C$3.16M	-6.25	―	―	―	14.29%
VRR	46 Neutral	C$2.00M	-1.74	-27.93%	―	―	84.01%
RXM	45 Neutral	C$4.68M	-5.93	―	―	―	43.81%
HVW	42 Neutral	C$3.63M	-2.57	-33.31%	―	―	37.21%
ADDY	34 Underperform	C$6.37M	-1.36	-63.42%	―	―	-54.44%

Nickel North Exploration Corporate Events

Nickel North Confirms Strong Cu-Ni-PGE-Au Soil Anomalies at Hawk Ridge Project

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 readings. The high-precision analyses identified significant palladium, platinum and gold values, verified high-grade copper and anomalous nickel, and revealed a strong correlation between copper and palladium that the company plans to use as a pathfinder for high-grade sulphide mineralization. The assays refine and expand targets across key zones such as Falco 7, Gamma, Hope Advance, Pio and Lucille, support the geological model of extensive sulphide saturation, and will be integrated with existing geological and geophysical data to update mineralization models and delineate priority targets for upcoming drilling and field programs at Hawk Ridge.

The most recent analyst rating on (TSE:NNX) stock is a Hold with a C$0.03 price target. To see the full list of analyst forecasts on Nickel North Exploration stock, see the TSE:NNX Stock Forecast page.

Nickel North Exploration Announces Successful 2025 AGM Results

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 auditor. The approval of the company’s Stock Option Plan was also secured, pending approval from the TSX Venture Exchange. These developments are expected to strengthen Nickel North’s governance and operational framework, supporting its strategic objectives in the exploration of critical minerals in Quebec.

Nickel North to Assay Soil Samples for Enhanced Exploration at Hawk Ridge

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 ICP-MS analysis to further study these samples, integrating them with other data to develop new exploration and drilling targets for the 2026 season. This initiative highlights the potential for high-grade sulfide mineralization in the Lucille and Falco 7 zones, reinforcing the project’s significance and potentially enhancing Nickel North’s market positioning.