Quebec Nickel Corp (QNI) AI Stock Analysis

• Market Cap: C$2.57M
• Dividend Yield: N/A
• Average Volume (3M): 8.20K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.27
• Revenue Growth: N/A
• EPS Growth: -1500.15%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 13,534,420
• 10 Day Avg. Volume: 2,177
• 30 Day Avg. Volume: 8,203
• PEG Ratio: <0.01
• Price to Book (P/B): 0.93
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -3.20
• 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$0.14 ▼(-13.75% Downside)

The score is held down primarily by very weak financial performance (no revenue, ongoing losses, and cash burn) and limited valuation support (negative P/E, no dividend). Technicals are comparatively stronger with an uptrend and positive momentum, but indicators look somewhat stretched, tempering the benefit.

Positive Factors

Low Leverage (Zero Debt)

Zero reported debt materially reduces bankruptcy and refinancing risk for an exploration company. This structural balance-sheet strength provides strategic flexibility to time capital raises around exploration results and commodity cycles, supporting longer runway for project advancement.

Focused Nickel Asset Strategy

A clear, concentrated business model targeting nickel in a single jurisdiction enables operational focus and local permitting know-how. Durable strategic clarity helps allocate scarce exploration capital efficiently and can accelerate value creation if drilling delineates economic mineralization.

Active Exploration Program

Ongoing geological mapping, geophysics and drilling are durable, value-driving activities for juniors: successful programs can convert prospectivity into defined resources. Consistent technical work increases the chance of discovery and de-risks projects over the medium term for potential JV or sale.

Negative Factors

No Revenue and Persistent Losses

Absence of operating revenue and repeated operating losses mean the company cannot self-fund exploration long-term. This structural profile implies ongoing reliance on external capital, raising dilution and execution risk until a clear discovery or cash-generative pathway emerges.

Weak Cash Generation / Cash Burn

Consistent negative operating and free cash flows indicate structural cash burn, necessitating periodic financings. Reliance on external funding increases dilution risk and can compress management’s optionality, slowing project timelines or forcing asset sales in adverse markets.

Shrinking Equity and Asset Base

Material declines in equity and assets reduce the company’s financial cushion against exploration setbacks. A smaller asset/equity base limits borrowing or JV leverage and raises the probability that negative results will trigger larger dilutive financings or strategic repricing of assets.

Quebec Nickel Corp Business Overview & Revenue Model

Company Description

Quebec Nickel Corp. engages in the acquisition, exploration, and development of mineral resource properties. The company explores for nickel, copper, and platinum group element deposits. It holds 100% in the Ducros property that comprises 280 contiguous mining claims covering an area of 15,147 hectares located in the Val d'Or area of Quebec, Canada. The company was incorporated in 2020 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Quebec Nickel Corp makes money through the exploration and potential future extraction and sale of nickel, copper, and platinum group elements from its mineral properties. The company generates revenue by discovering and proving the existence of economically viable mineral deposits and then either developing these deposits into operational mines or partnering with or selling the rights to larger mining companies. Additionally, the company may seek joint ventures or strategic partnerships to fund exploration activities and share the financial and operational risks associated with developing mineral resources. Key revenue streams include royalties, sale of extracted minerals, and proceeds from any partnerships or joint ventures.

Quebec Nickel Corp Financial Statement Overview

Summary

Quebec Nickel Corp exhibits strengths in maintaining a strong balance sheet with no debt and a solid equity position. However, the consistent lack of revenue generation and negative operating margins are significant weaknesses. While there are improvements in cash flows recently, the sustainability of these improvements is uncertain without revenue growth.

Income Statement

Quebec Nickel Corp has reported zero revenue consistently, which is a significant concern in terms of income generation. The company has managed to turn a net income in the TTM period, but this is primarily due to non-operational factors, as indicated by negative EBIT and EBITDA margins. The lack of revenue growth and operational profitability is a major weakness.

Balance Sheet

Quebec Nickel Corp maintains a strong balance sheet with no debt, resulting in a favorable debt-to-equity ratio and a high equity ratio of approximately 89.5%. This indicates a stable financial structure with low leverage. However, the company's total assets have been declining, which might impact future growth potential.

Cash Flow

The company's cash flow analysis shows improvement in operating cash flow and free cash flow in the TTM period, indicating better cash management. However, the free cash flow remains negative over longer periods, which raises concerns about the sustainability of cash generation from operations.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 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	0.00	0.00
EBITDA	-472.77K	-14.40M	-1.13M	-1.27M	-1.64M	-104.52K
Net Income	-12.50M	-12.50M	1.30M	-1.89M	-2.87M	-104.52K
Balance Sheet
Total Assets	1.37M	1.37M	15.60M	17.68M	9.22M	1.42M
Cash, Cash Equivalents and Short-Term Investments	1.31M	1.31M	1.43M	5.32M	7.15M	1.08M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	51.34K	51.34K	1.71M	5.11M	1.80M	8.00K
Stockholders Equity	1.32M	1.32M	13.88M	12.57M	7.42M	1.41M
Cash Flow
Free Cash Flow	-439.09K	-384.50K	-3.87M	-10.44M	-1.76M	-192.87K
Operating Cash Flow	-384.50K	-384.50K	-1.26M	-1.64M	-897.35K	-58.05K
Investing Cash Flow	18.60K	18.60K	-2.61M	-8.81M	-858.74K	-134.82K
Financing Cash Flow	246.54K	246.54K	-17.07K	8.61M	7.82M	1.28M

Quebec Nickel Corp Technical Analysis

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

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:QNI, the sentiment is Positive. The current price of 0.16 is above the 20-day moving average (MA) of 0.16, above the 50-day MA of 0.15, and above the 200-day MA of 0.13, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 78.66 is Negative, neither overbought nor oversold. The STOCH value of 97.62 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:QNI.

Quebec Nickel Corp 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%
QNI	47 Neutral	C$2.57M	-0.21	-166.29%	―	―	-1500.15%
NNX	47 Neutral	C$3.69M	-7.29	―	―	―	14.29%
GEMC	45 Neutral	C$2.70M	-3.65	-15.45%	―	―	38.06%
QBAT	43 Neutral	C$2.38M	-2.41	-14.59%	―	―	-36.33%
COS	39 Underperform	C$1.97M	―	―	―	―	―

Quebec Nickel Corp Corporate Events

Québec Nickel Fully Allocates $500,000 Private Placement

Québec Nickel Corp. has fully allocated its previously announced non-brokered private placement, raising gross proceeds of $500,000, with participation from both existing and new shareholders. The financing, which remains subject to Canadian Securities Exchange approval and will carry a standard four‑month-plus-one‑day hold period on issued securities, modestly strengthens the company’s balance sheet as it advances its critical metals exploration portfolio, underscoring continued investor interest in its North American assets despite a challenging junior mining capital markets environment.

Québec Nickel Moves Into Nevada Gold With Ecru Property Deal and Board Expansion

Québec Nickel Corp. has signed a non-binding letter of intent with Orogen Royalties Inc. to acquire a 100% interest in the Ecru Property in Nevada’s prolific Cortez/Battle Mountain gold trend for total consideration of $505,000 in cash and shares, plus a 2.0% net smelter return royalty. The Ecru project, which covers 112 lode claims adjacent to Nevada Gold Mines’ Robertson deposit, comes with historical drilling and geophysical work that outline multiple untested targets with potential for both intrusive-related and Carlin-type gold mineralization, and Québec Nickel plans systematic technical review and exploration, including a NI 43-101 report, if the deal closes. The company also strengthened its board with the appointment of experienced geologist and Antares Metals CEO Johan Lambrechts, and announced plans for a non-brokered private placement of up to $500,000, underscoring its strategy to build a disciplined, technically driven portfolio of exploration assets in tier-one mining jurisdictions.