Tartisan Nickel Corp (TSE:TN)
:TN
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Tartisan Nickel Corp
(TN)
Select Model
Select Model
Rating:44Neutral
Price Target:
C$0.32
▼(-1.56% Downside)
Action:ReiteratedDate:03/06/26
The score is primarily weighed down by weak financial performance driven by a pre-revenue model with ongoing losses and sustained cash burn, despite a low-debt balance sheet. Technicals also lean negative with price below key moving averages and a negative MACD, and valuation is pressured by an extremely high P/E with no dividend support.
Positive Factors
Low leverage
The company's extremely low debt burden and conservative balance sheet reduce insolvency and interest-rate risk for an exploration firm. This structural financial flexibility lengthens runway between financings and improves resilience during multi-year project advancement or permitting timelines.
Negative Factors
Pre-revenue profile
Being pre-revenue means long-term value depends on exploration success or transactional outcomes rather than operating cash flow. This elevates execution risk, extends the time to commercialization, and makes future financing and project milestones central to realizing shareholder value.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
The company's extremely low debt burden and conservative balance sheet reduce insolvency and interest-rate risk for an exploration firm. This structural financial flexibility lengthens runway between financings and improves resilience during multi-year project advancement or permitting timelines.
Read all positive factors
Tartisan Nickel Corp (TN) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$42.57M
Dividend YieldN/A
Average Volume (3M)107.51K
Price to Earnings (P/E)2878.6
Beta (1Y)0.98
Revenue GrowthN/A
EPS Growth74.27%
CountryCA
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryIndustrial Materials
Share Statistics
EPS (TTM)0.00
Shares Outstanding130,996,780
10 Day Avg. Volume83,924
30 Day Avg. Volume107,509
Financial Highlights & Ratios
PEG Ratio0.21
Price to Book (P/B)1.58
Price to Sales (P/S)0.00
P/FCF Ratio-8.05
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$0.60Price Target Upside87.50% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Tartisan Nickel Corp Business Overview & Revenue Model
Company Description
Tartisan Nickel Corp. engages in the acquisition, exploration, and development of mineral properties in Canada and Peru. The company primarily explores for nickel, copper, and cobalt deposits. Its flagship property is the 100% owned Kenbridge nick...
How the Company Makes Money
Tartisan Nickel Corp’s ability to generate revenue is not clearly evidenced through publicly available information indicating ongoing commercial production or commodity sales; therefore, a detailed, confirmed revenue model cannot be stated. null...
Tartisan Nickel Corp Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
27
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 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 | -3.29K |
| EBITDA | -1.04M | -742.88K | -1.40M | -6.53M | -1.85M | -1.95M |
| Net Income | -755.17K | -2.17M | -3.30M | -5.95M | -1.10M | 11.26M |
Balance Sheet | ||||||
| Total Assets | 15.82M | 13.21M | 13.54M | 14.97M | 20.02M | 17.65M |
| Cash, Cash Equivalents and Short-Term Investments | 1.38M | 1.78K | 2.15M | 3.56M | 11.30M | 14.30M |
| Total Debt | 17.00K | 22.00K | 3.29K | 5.04K | 0.00 | 71.74K |
| Total Liabilities | 1.32M | 1.37M | 1.18M | 427.50K | 1.08M | 721.74K |
| Stockholders Equity | 14.49M | 11.83M | 12.36M | 14.54M | 18.94M | 16.93M |
Cash Flow | ||||||
| Free Cash Flow | -3.43M | -2.33M | -1.80M | -3.48M | -5.75M | -1.41M |
| Operating Cash Flow | -1.83M | -808.93K | -906.66K | -1.07M | -1.00M | -858.27K |
| Investing Cash Flow | -1.61M | -776.98K | 235.26K | -567.87K | -280.55K | 24.49K |
| Financing Cash Flow | 4.63M | 1.59M | 667.60K | 1.26M | 1.65M | 854.07K |
Tartisan Nickel Corp Technical Analysis
Neutral
0.32
Price Trends
0.34
Negative
0.27
Positive
0.18
Positive
Market Momentum
<0.01
Negative
49.84
Neutral
56.88
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:TN, the sentiment is Neutral. The current price of 0.32 is above the 20-day moving average (MA) of 0.31, below the 50-day MA of 0.34, and above the 200-day MA of 0.18, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 49.84 is Neutral, neither overbought nor oversold. The STOCH value of 56.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:TN.
Tartisan Nickel Corp 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$15.57M | -5.07 | -9.69% | ― | ― | ― | |
46 Neutral | C$12.48M | -6.86 | -11.70% | ― | ― | -17.47% | |
44 Neutral | C$42.57M | 2,878.60 | -7.40% | ― | ― | 74.27% | |
43 Neutral | C$26.67M | -4.42 | 82.92% | ― | ― | 37.82% | |
43 Neutral | C$20.24M | -11.07 | -237.82% | ― | ― | 10.17% | |
43 Neutral | C$26.48M | -12.53 | -83.99% | ― | ― | 21.31% |
* General Sector Average
TSE:TN
Tartisan Nickel Corp
0.33
0.19
132.14%
TSE:SX
St-Georges Platinum and Base Metals
0.05
>-0.01
-16.67%
TSE:GIGA
Giga Metals Corporation
0.10
>-0.01
-5.00%
TSE:NICO
Class 1 Nickel & Technologies
0.15
-0.05
-23.68%
TSE:SPC
SPC Nickel
0.06
0.03
150.00%
TSE:EVNI
EV Nickel, Inc.
0.21
-0.08
-26.79%
Tartisan Nickel Corp Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Tartisan Nickel Plans $1 Million Flow-Through Financing to Advance Kenbridge Project
Positive
Apr 1, 2026
Tartisan Nickel Corp. has announced a proposed non-brokered flow-through financing of up to $1 million, issuing flow-through common shares at $0.38 per share. The offering, which may include finders’ fees and broker warrants, remains subject...
Business Operations and StrategyPrivate Placements and Financing
Tartisan Nickel Raises $1 Million to Advance Kenbridge Critical Minerals Project
Positive
Mar 16, 2026
Tartisan Nickel Corp. has closed a $1 million flow-through financing, issuing flow-through common shares at $0.38 and paying a 6% commission in shares and broker warrants to eligible agents. The company plans to use the proceeds for Canadian Explo...
Business Operations and StrategyPrivate Placements and Financing
Tartisan Nickel Plans $1 Million Flow-Through Financing for Kenbridge Project
Positive
Mar 12, 2026
Tartisan Nickel Corp. has proposed a non-brokered flow-through financing of up to $1,000,000, issuing flow-through common shares at $0.38 each to fund exploration. The company may pay finders’ fees in cash or broker warrants, and the financi...
Business Operations and Strategy
Tartisan Nickel Reports High-Grade Intercept at Kenbridge Nickel-Copper-Cobalt Project
Positive
Mar 12, 2026
Tartisan Nickel Corp. reported encouraging Phase 1 drill results from hole KB26-210 at its Kenbridge Nickel-Copper-Cobalt Project in Sioux Narrows, Ontario. The hole intersected 24.6 metres grading 0.71% nickel and 0.56% copper, including higher-g...
Business Operations and Strategy
Tartisan Nickel Expands Turtle Pond Footprint Near Kenbridge Deposit
Positive
Mar 11, 2026
Tartisan Nickel Corp. has expanded its Turtle Pond Project in Northwestern Ontario by acquiring four additional nickel-copper claims, bringing the property to 165 staked units over 3,454 hectares held through its subsidiary Canadian Arrow Mines. T...
Business Operations and Strategy
Tartisan Nickel Reports High-Grade Hit in Ongoing Drilling at Kenbridge Project
Positive
Feb 24, 2026
Tartisan Nickel Corp. has reported new drilling results from its Phase 1 program at the Kenbridge nickel-copper-cobalt project in northwestern Ontario, where it is targeting extensions of existing sulphide mineralization. The company has completed...
Business Operations and Strategy
Tartisan Nickel Expands Turtle Pond Claims to Bolster Kenbridge Hub Strategy
Positive
Feb 10, 2026
Tartisan Nickel Corp., a Canadian critical minerals explorer and developer with key nickel, copper, cobalt and silver projects in Ontario, has expanded its land position at the Turtle Pond area near Dryden by acquiring eleven additional nickel-cop...
Business Operations and Strategy
Tartisan Nickel Expands Turtle Pond Holdings to Bolster Kenbridge-Centred Growth Plan
Positive
Feb 10, 2026
Tartisan Nickel Corp. has expanded its land position at the Turtle Pond area in northwestern Ontario by acquiring eleven additional nickel-copper claims, bringing the total property package to 161 claims covering 3,375 hectares. The claims are hel...
Business Operations and StrategyExecutive/Board Changes
Tartisan Nickel Adds Medal of Honor Recipient Jack Jacobs to Advisory Board
Positive
Feb 5, 2026
Tartisan Nickel Corp. has appointed retired U.S. Army Colonel and Congressional Medal of Honor recipient Jack Jacobs to its Board of Advisors, bringing in a high-profile leader with extensive military, academic, and financial sector experience. Ja...
Business Operations and Strategy
Tartisan Hits High-Grade Nickel-Copper Intercepts at Kenbridge as 2026 Drill Program Advances
Positive
Feb 3, 2026
Tartisan Nickel Corp. reported encouraging assay results from the first infill drill hole of its 2026 Phase 1 drill program at the Kenbridge Nickel-Copper-Cobalt Project in northwestern Ontario, confirming significant nickel and copper mineralizat...
Business Operations and Strategy
Tartisan Nickel Moves to Reactivate Historic Sill Lake Silver Project in Ontario
Positive
Jan 20, 2026
Tartisan Nickel Corp. is moving to reactivate its 100%-owned Sill Lake Silver Project, a 970-hectare former silver-lead producer located north of Sault Ste. Marie, Ontario, by advancing renewed exploration and development efforts. The property hos...
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.