SPC Nickel (TSE:SPC)
:SPC
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SPC Nickel
(SPC)
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Rating:44Neutral
Price Target:
C$0.07
▼(-8.75% Downside)
Action:ReiteratedDate:05/02/26
The score is primarily held down by weak financial performance (no revenue, ongoing losses, and continued cash burn with declining equity). Technical indicators are mixed/neutral and provide only modest support, while valuation remains unattractive due to negative earnings and no dividend.
Positive Factors
Low leverage / Solvency
Minimal debt and low leverage materially reduce near-term solvency pressure and creditor risk. That financial flexibility is a durable advantage while the company executes any turnaround or seeks financing, as it can avoid distress from high interest burdens over the next several months.
Negative Factors
No revenue
The absence of any TTM revenue is a material structural weakness: the business lacks proven product-market traction and cannot self-fund operations. Over the medium term this forces reliance on external capital and raises execution risk until revenue appears.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / Solvency
Minimal debt and low leverage materially reduce near-term solvency pressure and creditor risk. That financial flexibility is a durable advantage while the company executes any turnaround or seeks financing, as it can avoid distress from high interest burdens over the next several months.
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)1.45
Revenue GrowthN/A
EPS Growth-22.22%
CountryCA
Employees1
SectorGeneral
Sector StrengthN/A
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding368,053,830
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. 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 Worth...
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 | -3.56K | -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
Negative
0.08
Price Trends
0.07
Negative
0.07
Negative
0.05
Negative
Market Momentum
>-0.01
Negative
38.78
Neutral
100.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SPC, the sentiment is Negative. The current price of 0.08 is above the 20-day moving average (MA) of 0.06, above the 50-day MA of 0.07, and above the 200-day MA of 0.05, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 38.78 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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$12.46M | -5.07 | -9.69% | ― | ― | -153.33% | |
45 Neutral | C$13.14M | 18.77 | -11.70% | ― | ― | 58.45% | |
44 Neutral | C$25.90M | -10.62 | -237.82% | ― | ― | -22.22% | |
44 Neutral | C$37.99M | 2,878.60 | -7.40% | ― | ― | 74.78% | |
43 Neutral | C$27.59M | -10.08 | 82.92% | ― | ― | 28.37% | |
43 Neutral | C$23.25M | -12.53 | -83.99% | ― | ― | 20.76% |
* General Sector Average
TSE:SPC
SPC Nickel
0.07
0.05
218.18%
TSE:SX
St-Georges Platinum and Base Metals
0.04
-0.02
-33.33%
TSE:TN
Tartisan Nickel Corp
0.29
0.13
87.10%
TSE:GIGA
Giga Metals Corporation
0.10
0.00
0.00%
TSE:NICO
Class 1 Nickel & Technologies
0.15
<0.01
7.14%
TSE:EVNI
EV Nickel, Inc.
0.18
-0.02
-10.00%
SPC Nickel Corporate Events
Business Operations and Strategy
SPC Nickel Extends Vale Agreement Timeline for West Graham Project
Positive
Apr 1, 2026
SPC Nickel has amended its cooperation agreement with Vale Canada for the West Graham nickel-copper project in the Sudbury Basin, extending the deadline to complete a feasibility study by one year to June 30, 2027. The extension also pushes back a...
Business Operations and StrategyPrivate Placements and Financing
SPC Nickel Launches $6.6 Million Private Placement to Advance Critical Minerals Exploration
Positive
Mar 6, 2026
SPC Nickel Corp. has announced a non-brokered private placement to raise up to $6.6 million through the issuance of common share units and charity flow-through units, each bundled with half-warrants exercisable over 18 months. The company may also...
Business Operations and Strategy
SPC Nickel Metallurgical Tests De-Risk West Graham Project in Sudbury
Positive
Feb 27, 2026
SPC Nickel has reported positive metallurgical results from its 2025 study on the West Graham Nickel-Copper Project in Sudbury, Ontario, demonstrating that the disseminated sulphide mineralization responds well to conventional Sudbury flotation fl...
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.