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Canadian North Resources, Inc.
(CNRI)
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Rating:43Neutral
Price Target:
C$0.15
▼(-16.67% Downside)
Action:Reiterated
Date:09/12/26
The score is held down primarily by weak operating performance (no meaningful TTM revenue, persistent losses) and ongoing negative cash generation. Technicals add further pressure given the clear downtrend and negative momentum signals. The low-debt, equity-supported balance sheet is a stabilizing factor, but it is not yet reflected in profitability or cash flow.
Positive Factors
Low leverage
A nearly debt-free capital structure reduces near-term solvency and refinancing risk, preserving flexibility while the company advances its exploration and development activities. Low leverage also limits interest burdens and provides more capacity to respond to operational setbacks.
Negative Factors
No meaningful revenue
The absence of meaningful trailing revenue shows that the company has not yet established a producing or commercially scaled revenue base. This leaves future funding and value creation dependent on advancing its activities before dependable sales can absorb ongoing costs.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
A nearly debt-free capital structure reduces near-term solvency and refinancing risk, preserving flexibility while the company advances its exploration and development activities. Low leverage also limits interest burdens and provides more capacity to respond to operational setbacks.
Read all positive factors
Canadian North Resources, Inc. (CNRI) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$17.72M
Dividend YieldN/A
Average Volume (3M)33.32K
Price to Earnings (P/E)―
Beta (1Y)1.04
Revenue GrowthN/A
EPS Growth63.10%
CountryCA
Employees10
SectorGeneral
Sector StrengthN/A
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding114,320,320
10 Day Avg. Volume49,725
30 Day Avg. Volume33,324
Financial Highlights & Ratios
PEG Ratio1.33
Price to Book (P/B)1.48
Price to Sales (P/S)0.00
P/FCF Ratio-60.58
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
Canadian North Resources, Inc. Business Overview & Revenue Model
Company Description
Canadian North Resources Inc. is a Canadian company focused on the exploration and development of mineral resources. It primarily seeks deposits containing critical minerals such as nickel, copper, and cobalt, alongside precious group metals like ...
Canadian North Resources, Inc. Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
56
Neutral
Cash Flow
18
Very Negative
| Breakdown | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 6.00K | 0.00 | 0.00 | 0.00 |
| Gross Profit | -24.21K | 6.00K | -991.99K | -65.95K | -25.11K |
| EBITDA | -1.01M | -2.23M | -3.17M | -3.92M | -1.42M |
| Net Income | -711.87K | -1.89M | -6.40M | -3.80M | -1.45M |
Balance Sheet | |||||
| Total Assets | 45.93M | 47.05M | 50.18M | 34.64M | 25.31M |
| Cash, Cash Equivalents and Short-Term Investments | 12.05K | 1.65M | 5.54M | 11.07M | 19.03M |
| Total Debt | 0.00 | 964.12K | 1.92M | 0.00 | 0.00 |
| Total Liabilities | 3.30M | 3.70M | 5.17M | 3.51M | 2.27M |
| Stockholders Equity | 42.63M | 43.36M | 45.00M | 31.13M | 23.04M |
Cash Flow | |||||
| Free Cash Flow | -1.04M | -3.01M | -21.35M | -17.21M | -5.35M |
| Operating Cash Flow | -414.00K | -1.38M | -2.80M | -1.83M | -1.72M |
| Investing Cash Flow | -624.01K | -1.46M | -18.18M | -15.38M | -3.63M |
| Financing Cash Flow | -596.17K | -1.06M | 15.45M | 9.25M | 22.82M |
Canadian North Resources, Inc. Technical Analysis
Negative
0.18
Price Trends
0.19
Negative
0.22
Negative
0.33
Negative
Market Momentum
>-0.01
Negative
19.42
Positive
8.33
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CNRI, the sentiment is Negative. The current price of 0.18 is above the 20-day moving average (MA) of 0.17, below the 50-day MA of 0.19, and below the 200-day MA of 0.33, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 19.42 is Positive, neither overbought nor oversold. The STOCH value of 8.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:CNRI.
Canadian North Resources, Inc. 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% | |
54 Neutral | C$65.45M | -27.82 | -9.80% | ― | ― | 11.97% | |
43 Neutral | C$17.72M | -24.60 | -1.67% | ― | ― | 63.10% | |
43 Neutral | C$23.83M | -177.27 | -5.67% | ― | ― | 96.51% | |
42 Neutral | C$36.33M | -6.00 | 91.69% | ― | ― | -22.59% | |
41 Neutral | C$29.58M | -7.07 | -8.65% | ― | ― | -13.30% |
* General Sector Average
TSE:CNRI
Canadian North Resources, Inc.
0.16
-0.43
-73.73%
TSE:COR
Camino Minerals
0.39
0.09
30.00%
TSE:WHY
West High Yield Resources
0.29
-0.18
-38.30%
TSE:AZT
Aztec Minerals
0.35
0.10
43.75%
TSE:JUGR
Juggernaut Exploration
0.59
-0.49
-45.37%
TSE:DLP
DLP Resources
0.38
0.06
18.75%
Canadian North Resources, Inc. Corporate Events
Business Operations and StrategyFinancial DisclosuresPrivate Placements and FinancingRegulatory Filings and ComplianceShareholder Meetings
Canadian North Resources Advances Bioleaching Strategy and Secures Financing for Ferguson Lake
Positive
Aug 31, 2026
Canadian North Resources reported operational and financial results for the first half of 2026, highlighting progress on bioleaching technologies for the Ferguson Lake project that achieve high extraction rates for nickel, cobalt, copper and PGEs ...
Business Operations and StrategyPrivate Placements and Financing
Canadian North Resources Launches $2 Million Convertible Note Financing
Positive
Aug 26, 2026
Canadian North Resources Inc. has authorized the issuance of Series 1 Convertible Promissory Notes for up to $2 million, bearing interest at 10% per annum and maturing on July 31, 2027. The notes are convertible into common shares at $0.25 per sha...
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.