Phenom Resources Corp (PHNM) AI Stock Analysis

• Market Cap: C$34.11M
• Dividend Yield: N/A
• Average Volume (3M): 72.41K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.31
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: CA
• Employees: N/A
• Sector: General
• Sector Strength: N/A
• Industry: Gold
• EPS (TTM): >-0.01
• Shares Outstanding: 117,605,670
• 10 Day Avg. Volume: 85,560
• 30 Day Avg. Volume: 72,408
• PEG Ratio: 0.77
• Price to Book (P/B): 1.94
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -42.23
• 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: 54 Neutral
• Price Target: C$0.26 ▲(2.00% Upside)

The score is primarily constrained by weak financial performance (no revenue, ongoing losses, and negative cash flow) despite a strong, low-debt balance sheet. Technicals are moderately supportive with improving trend signals, while valuation is pressured by loss-making metrics and the absence of dividend support.

Phenom Resources Corp Business Overview & Revenue Model

Company Description

Phenom Resources Corp. engages in the acquisition, exploration, evaluation, and development of mineral properties in Canada and the United States. It holds an option to earn a 100% interest in the Carlin gold-vanadium project and Section 22 property located in Elko County, Nevada. It also owns interests in the West Jerome copper property located in Arizona. The company was formerly known as First Vanadium Corp. and changed its name to Phenom Resources Corp. in July 2021. Phenom Resources Corp. was incorporated in 2006 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Phenom Resources Corp Financial Statement Overview

Summary

Balance sheet strength (effectively zero debt and rising equity) supports financial flexibility, but the operating profile is weak with no revenue, persistent net losses, and ongoing negative operating/free cash flow indicating continued funding needs.

Income Statement

Across 2020–2024 (annual), the company reports no revenue and persistent operating losses, consistent with an early-stage/resource exploration profile. Net losses remain sizable (about -$1.2M in 2024 vs. -$1.9M in 2023), showing some improvement year over year, but profitability is still structurally negative with no visible top-line traction in the provided data. Overall, earnings quality is weak given ongoing losses and lack of gross profit generation.

Balance Sheet

The balance sheet is a clear strength: total debt is effectively zero in recent years (and minimal even in 2020), resulting in very low leverage and good financial flexibility. Stockholders’ equity has grown meaningfully from about $9.4M (2020) to about $19.9M (2024), supporting the asset base (assets ~ $20.2M in 2024). The key weakness is negative returns on equity each year due to continued net losses, which pressures long-term value creation if losses persist.

Cash Flow

Cash generation is weak: operating cash flow is negative every year and roughly stable around a ~$(0.9–1.5)M burn, indicating ongoing funding needs. Free cash flow is also negative across the period, with particularly heavy outflows in 2021–2022, improving to about -$0.9M in 2023–2024; however, 2024 free cash flow declined versus 2023 (negative growth). A positive point is that free cash flow tracks net income closely in 2023–2024 (both negative), suggesting limited non-cash earnings distortion, but cash burn remains the central risk.

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	-129.38K	-159.29K	0.00	0.00	-19.63K	-65.34K
EBITDA	-909.95K	-1.19M	-948.00K	-326.00K	-2.17M	-1.08M
Net Income	-1.17M	-1.19M	-1.87M	-2.03M	-2.77M	-1.15M
Balance Sheet
Total Assets	21.64M	20.19M	19.15M	18.72M	16.52M	10.24M
Cash, Cash Equivalents and Short-Term Investments	1.16M	385.09K	403.68K	573.65K	1.44M	1.69M
Total Debt	0.00	0.00	0.00	0.00	0.00	5.70K
Total Liabilities	310.08K	265.35K	836.94K	520.18K	1.27M	809.15K
Stockholders Equity	21.33M	19.93M	18.31M	18.20M	15.24M	9.43M
Cash Flow
Free Cash Flow	-1.30M	-915.46K	-914.01K	-5.85M	-6.85M	-2.05M
Operating Cash Flow	-1.30M	-915.46K	-914.01K	-1.08M	-1.45M	-611.65K
Investing Cash Flow	-1.01M	-1.53M	-783.95K	-4.78M	-5.56M	-1.50M
Financing Cash Flow	3.30M	2.43M	1.53M	4.99M	6.76M	2.53M

Phenom Resources Corp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
PHNM	54 Neutral	C$34.11M	-28.71	-5.76%	―	―	―
ICM	50 Neutral	C$36.54M	-26.11	-59.85%	―	―	87.74%
KALO	49 Neutral	C$27.29M	-2.54	-201.31%	―	―	-58.16%
AUOZ	48 Neutral	C$27.77M	-12.75	-15.89%	―	―	47.41%
DLTA	46 Neutral	C$24.44M	-5.34	-331.35%	―	―	44.39%
BARU	44 Neutral	C$22.02M	-5.45	―	―	―	5.41%

Phenom Resources Corp Corporate Events

Phenom Resources Unveils Major Rare Earth and Critical Metals Discovery in Nevada

Phenom Resources Corp. has announced the discovery of a significant near-surface rare earth element and critical metals deposit on its Crescent Valley property in Nevada, characterized as an Iron Oxide Copper Gold–type breccia body enriched in rubidium, hafnium, scandium, neodymium and other U.S.-listed critical metals. Early geophysical and drilling data suggest substantial dimensions and continuity of mineralization, prompting the company to more than quadruple its land position at the site and indicating potentially high in-situ rock values that could materially enhance Phenom’s critical metals portfolio and strategic relevance in North American supply chains as further exploration refines the deposit’s size and economics.

The most recent analyst rating on (TSE:PHNM) stock is a Hold with a C$0.25 price target. To see the full list of analyst forecasts on Phenom Resources Corp stock, see the TSE:PHNM Stock Forecast page.