SPC Nickel (SPC) AI Stock Analysis

• Market Cap: C$5.79M
• Dividend Yield: N/A
• Average Volume (3M): 212.72K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.05
• Revenue Growth: N/A
• EPS Growth: 67.53%
• Country: CA
• Employees: 1
• Sector: Basic Materials
• Sector Strength: 66
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 193,053,820
• 10 Day Avg. Volume: 326,111
• 30 Day Avg. Volume: 212,722
• PEG Ratio: 0.05
• Price to Book (P/B): 3.56
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -3.30
• 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

• Rating: 40 Neutral
• Price Target: ―

SPC Nickel's stock score is significantly impacted by its financial struggles, characterized by no revenue, consistent losses, and declining equity. Despite a strong cash position, the lack of positive earnings and negative valuation metrics weigh heavily. Technical indicators show neutral momentum, but overall, the financial challenges are the most significant factor affecting the stock.

SPC Nickel Business Overview & Revenue Model

Company Description

SPC Nickel Corp. engages in the acquisition, exploration and development of mineral properties in Canada. It primarily explores for nickel, copper, and platinum group metals. The company holds interest in the Aer-Kidd property located on the Worthington Offset Dyke in the Sudbury mining district; and the Lockerby East and West Graham exploration properties located in the Sudbury district. It also holds an option agreement to acquire a 100% interest in the Janes property situated in northeast Sudbury. The company was formerly known as Sudbury Platinum Corporation and changed its name to SPC Nickel Corp. in December 2020. SPC Nickel Corp. was incorporated in 2013 and is based in Toronto, Canada.

How the Company Makes Money

SPC Nickel makes money primarily through the exploration and development of nickel deposits, which are then sold to industrial clients or larger mining companies. The company's revenue model is based on the successful identification and extraction of nickel ores, which can then be processed and sold in the commodities markets. Revenue streams may include proceeds from the sale of nickel and other base metals extracted from their sites, as well as potential partnerships or joint ventures with larger mining entities who have the capacity to further develop and process the ores. Key factors contributing to its earnings include the global demand for nickel, commodity price fluctuations, and the company's ability to efficiently manage exploration and extraction operations.

SPC Nickel Financial Statement Overview

Summary

SPC Nickel is facing significant financial challenges with no revenue and consistent losses. The company maintains a strong cash position relative to its debt, providing some financial stability. However, persistent negative cash flows and declining equity raise concerns for its financial sustainability.

Income Statement

SPC Nickel shows a consistent pattern of negative net income and EBIT over the years, with no revenue generation. The company operates in a challenging phase with losses widening, as indicated by growing negative EBIT and net income figures. The absence of revenue growth further highlights the operational challenges faced by the company.

Balance Sheet

The balance sheet shows a strong cash position relative to its total debt, suggesting low leverage. However, declining total assets and equity over time indicate potential risks and operational challenges. The debt-to-equity ratio remains low, but the continuous decrease in stockholders' equity presents a concern for financial stability.

Cash Flow

The company experiences negative free cash flow, reflecting operational struggles. Despite negative operating cash flows, SPC Nickel has maintained financing activities that help support its cash position. The operating cash flow to net income ratio is negative, indicating inefficiencies in converting income into cash flow.

Breakdown
TTM	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
-26.02K	0.00	-32.91K	-32.02K	-21.12K	0.00
	EBIT
-1.00M	-2.42M	-4.43M	-4.51M	-4.63M	-1.13M
	EBITDA
-984.00K	-2.45M	-4.32M	-4.48M	-4.61M	-1.13M
	Net Income Common Stockholders
-891.38K	-2.19M	-4.35M	-4.50M	-4.31M	-932.43K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
3.61M	2.03M	2.08M	3.81M	5.36M	1.78M
	Total Assets
4.14M	2.34M	2.73M	4.20M	6.08M	1.83M
	Total Debt
132.00K	55.00K	86.28K	113.74K	137.80K	0.00
	Net Debt
-3.45M	-1.98M	-1.99M	-3.70M	-5.20M	-1.78M
	Total Liabilities
533.93K	518.17K	857.46K	396.67K	1.30M	144.73K
	Stockholders Equity
3.61M	1.82M	1.87M	3.81M	4.78M	1.68M
Cash Flow		Free Cash Flow
-853.32K	-1.97M	-3.90M	-4.47M	-3.53M	-1.11M
	Operating Cash Flow
-853.32K	-1.97M	-3.90M	-4.47M	-3.43M	-1.11M
	Investing Cash Flow
-2.35K	-1.68K	20.74K	20.84K	-180.27K	-76.00
	Financing Cash Flow
-16.85K	1.92M	2.15M	2.92M	7.16M	2.05M

SPC Nickel Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.03
• 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:SPC, the sentiment is Positive. The current price of 0.03 is above the 20-day moving average (MA) of 0.02, above the 50-day MA of 0.02, and above the 200-day MA of 0.03, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 69.61 is Neutral, neither overbought nor oversold. The STOCH value of 77.78 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	51 Neutral	$2.03B	-1.27	-21.09%	3.98%	2.91%	-30.50%
VZZ	44 Neutral	C$4.66M	―	-8.47%	―	22.12%	-466.04%
SPC	40 Neutral	C$5.79M	―	-175.26%	―	―	67.53%
QMC	39 Underperform	C$5.20M	―	-9.80%	―	―	-9.09%
MUR	33 Underperform	C$3.28M	―	-128.43%	―	―	34.82%
STXPF		$3.93M	―	-6.81%	―	―	―
FNICF		$6.19M	―	-4.11%	―	―	―

SPC Nickel Corporate Events

SPC Nickel Announces Meeting Results and Strategic Developments

SPC Nickel Corp. held its Annual and Special General Meeting on February 11, 2025, where shareholders re-elected several directors and approved the company’s Omnibus Equity Incentive Compensation Plan. McGovern Hurley LLP was re-appointed as the auditor for the upcoming fiscal year. The meeting’s outcomes reinforce SPC Nickel’s governance and strategic planning, potentially impacting its operational focus and financial oversight in the mining sector.