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SPC Nickel
(SPC)
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Rating:48Neutral
Price Target:
C$0.07
▼(-7.50% Downside)
Action:Reiterated
Date:06/13/26
The score is primarily held down by weak financial performance (no revenue, sustained losses, and continued cash burn), despite low leverage. Technicals are a partial offset with the stock trading above major moving averages and positive MACD, but valuation remains challenged due to negative earnings and no dividend support.
Positive Factors
Low Leverage / Balance Sheet Flexibility
Minimal debt and very low debt-to-equity reduce solvency risk and provide structural financial flexibility. Over a multi-month horizon this lowers bankruptcy probability, eases interest burden, and gives management optionality to raise capital or fund projects without heavy leverage constraints.
Negative Factors
No Reported Revenue
The absence of revenue is a fundamental structural risk: without operating sales the company depends on financing or asset monetization to fund operations. Over a 2-6 month horizon this limits ability to achieve sustainable margins and makes business model viability contingent on external funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage / Balance Sheet Flexibility
Minimal debt and very low debt-to-equity reduce solvency risk and provide structural financial flexibility. Over a multi-month horizon this lowers bankruptcy probability, eases interest burden, and gives management optionality to raise capital or fund projects without heavy leverage constraints.
Read all positive factors
SPC Nickel (SPC) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$25.90M
Dividend YieldN/A
Average Volume (3M)451.44K
Price to Earnings (P/E)―
Beta (1Y)1.74
Revenue GrowthN/A
EPS Growth-22.22%
CountryCA
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding370,053,830
10 Day Avg. Volume431,545
30 Day Avg. Volume451,443
Financial Highlights & Ratios
PEG Ratio-0.33
Price to Book (P/B)3.33
Price to Sales (P/S)0.00
P/FCF Ratio-2.88
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
SPC Nickel Business Overview & Revenue Model
Company Description
SPC Nickel Corp. is a Canadian firm engaged in the procurement, exploration, and advancement of mineral properties throughout the country. The company primarily targets deposits rich in nickel, copper, and platinum group elements for its explorati...
How the Company Makes Money
null...
SPC Nickel Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
46
Neutral
Cash Flow
12
Very Negative
| Breakdown | TTM | Nov 2025 | Nov 2024 | Nov 2023 | Nov 2022 | Nov 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -37.39K | -38.59K | -42.05K | -32.91K | -32.02K | -21.12K |
| EBITDA | -3.54M | -2.98M | -2.45M | -4.32M | -4.48M | -4.61M |
| Net Income | -3.68M | -3.02M | -2.19M | -4.35M | -4.50M | -4.31M |
Balance Sheet | ||||||
| Total Assets | 1.16M | 3.18M | 2.34M | 2.73M | 4.20M | 6.08M |
| Cash, Cash Equivalents and Short-Term Investments | 996.89K | 2.91M | 2.03M | 2.08M | 3.81M | 5.36M |
| Total Debt | 0.00 | 19.55K | 55.00K | 86.28K | 113.74K | 137.80K |
| Total Liabilities | 109.75K | 987.10K | 518.17K | 857.46K | 396.67K | 1.30M |
| Stockholders Equity | 1.05M | 2.19M | 1.82M | 1.87M | 3.81M | 4.78M |
Cash Flow | ||||||
| Free Cash Flow | -3.46M | -2.53M | -1.97M | -3.90M | -4.47M | -3.53M |
| Operating Cash Flow | -3.46M | -2.53M | -1.97M | -3.90M | -4.47M | -3.43M |
| Investing Cash Flow | -4.74K | -4.74K | -1.68K | 20.74K | 20.84K | -180.27K |
| Financing Cash Flow | 3.31M | 3.31M | 1.92M | 2.15M | 2.92M | 7.16M |
SPC Nickel Technical Analysis
Positive
0.08
Price Trends
0.07
Positive
0.07
Positive
0.07
Positive
Market Momentum
<0.01
Positive
56.72
Neutral
33.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SPC, the sentiment is Positive. The current price of 0.08 is above the 20-day moving average (MA) of 0.08, above the 50-day MA of 0.07, and above the 200-day MA of 0.07, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 56.72 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:SPC.
SPC Nickel Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
49 Neutral | C$6.23M | -6.10 | -9.69% | ― | ― | -153.33% | |
48 Neutral | C$25.90M | -6.82 | -269.19% | ― | ― | -22.22% | |
46 Neutral | C$33.50M | -20.12 | 82.92% | ― | ― | 25.45% | |
44 Neutral | C$16.37M | -22.03 | -7.40% | ― | ― | 74.78% | |
44 Neutral | C$11.86M | -11.19 | -11.70% | ― | ― | 67.94% | |
43 Neutral | C$18.08M | -8.97 | -83.99% | ― | ― | 52.15% |
* General Sector Average
TSE:SPC
SPC Nickel
0.08
0.05
226.09%
TSE:SX
St-Georges Platinum and Base Metals
0.03
-0.03
-58.33%
TSE:TN
Tartisan Nickel Corp
0.13
0.04
36.84%
TSE:GIGA
Giga Metals Corporation
0.08
-0.02
-16.67%
TSE:NICO
Class 1 Nickel & Technologies
0.17
0.04
26.92%
TSE:EVNI
EV Nickel, Inc.
0.14
-0.04
-22.22%
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.