Callinex Mines (CNX) AI Stock Analysis

• Market Cap: C$14.31M
• Dividend Yield: N/A
• Average Volume (3M): 12.21K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.82
• Revenue Growth: N/A
• EPS Growth: 5.16%
• Country: CA
• Employees: 2
• Sector: Basic Materials
• Sector Strength: 60
• Industry: Industrial Materials
• EPS (TTM): N/A
• Shares Outstanding: 19,077,390
• 10 Day Avg. Volume: 22,180
• 30 Day Avg. Volume: 12,205
• PEG Ratio: 3.33
• Price to Book (P/B): 0.37
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -5.04
• 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

Callinex Mines' overall score is significantly impacted by its substantial financial challenges, including persistent losses and negative cash flows. While the company's low leverage is a positive factor, the lack of profitability and liquidity concerns are critical issues. On the technical front, neutral indicators suggest no strong directional bias. The valuation is unattractive due to negative earnings metrics. Despite positive corporate events indicating potential upside, the financial instability remains a key concern.

Callinex Mines Business Overview & Revenue Model

Company Description

Callinex Mines Inc. (CNX) is a Canadian mineral exploration company focused on the discovery and development of base and precious metals in Canada. With a strong portfolio of projects located in mining-friendly jurisdictions, the company primarily targets zinc, copper, gold, and silver. Callinex Mines is committed to advancing its projects through strategic exploration and development activities, aiming to identify and develop high-quality mineral resources.

How the Company Makes Money

Callinex Mines makes money primarily through the discovery and development of mineral resources, which can be monetized by selling or partnering on viable projects with larger mining companies. The company's revenue model involves advancing exploration efforts to increase the attractiveness and value of its asset portfolio, with the potential to sell or joint venture these properties at a premium as resources are proven viable. Key revenue streams include proceeds from asset sales, option agreements, and potential future royalties or production-based payments if mining operations commence. Strategic partnerships with larger mining entities or financial investors can also provide funding and enhance the development potential of Callinex's projects.

Callinex Mines Financial Statement Overview

Summary

Callinex Mines faces significant financial challenges, with zero revenue, negative EBIT and EBITDA, and persistent net income losses indicating ongoing operational difficulties. Despite low leverage, the company’s decreasing equity and negative cash flow underscore liquidity concerns and the need for strategic shifts or funding injections.

Income Statement

Callinex Mines has consistently reported zero revenue over the years, indicating no operational income generation. The company has experienced negative EBIT and EBITDA, with TTM figures showing increasing losses. The persistent negative net income highlights ongoing operational challenges and lack of profitability.

Balance Sheet

The company's balance sheet shows a relatively low level of debt compared to equity, with a Debt-to-Equity Ratio of approximately 0.001 in the most recent TTM period. This suggests low leverage, which is a positive factor. However, equity has been consistently decreasing, and total assets have not shown significant growth, indicating limited asset expansion.

Cash Flow

Callinex Mines has shown negative operating and free cash flows, indicating cash consumption rather than generation. Although the company has managed to secure financing, free cash flow remains negative, posing risks to financial sustainability. The lack of positive cash flow trends highlights potential liquidity concerns.

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
-13.79K	0.00	-64.29K	-65.83K	-69.12K	-66.74K
	EBIT
-788.89K	-1.52M	-2.73M	602.75K	-760.01K	-1.10M
	EBITDA
-1.01M	-1.53M	-696.88K	1.66M	-811.14K	-1.03M
	Net Income Common Stockholders
-1.06M	-1.00M	-1.28M	41.05K	-1.15M	-1.13M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
247.30K	1.40M	2.15M	994.54K	2.81M	675.84K
	Total Assets
43.24M	43.74M	42.10M	35.65M	30.41M	22.24M
	Total Debt
40.00K	40.00K	45.21K	101.48K	147.45K	181.54K
	Net Debt
-207.30K	-1.36M	-2.11M	-893.06K	-2.67M	-494.30K
	Total Liabilities
3.25M	3.71M	3.24M	2.55M	1.98M	710.39K
	Stockholders Equity
39.99M	40.03M	38.86M	33.11M	28.44M	21.53M
Cash Flow		Free Cash Flow
-2.95M	-3.36M	-8.00M	-8.72M	-7.17M	-2.85M
	Operating Cash Flow
-1.11M	-1.46M	-2.08M	-1.47M	-1.59M	-842.70K
	Investing Cash Flow
-1.47M	-1.52M	-5.68M	-6.25M	-5.29M	-1.99M
	Financing Cash Flow
2.24M	2.23M	8.91M	5.90M	9.01M	632.90K

Callinex Mines Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.78
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CNX, the sentiment is Negative. The current price of 0.78 is below the 20-day moving average (MA) of 0.83, below the 50-day MA of 0.83, and below the 200-day MA of 0.90, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 39.30 is Neutral, neither overbought nor oversold. The STOCH value of 54.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:CNX.

Callinex Mines Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	50 Neutral	$1.97B	-1.14	-21.33%	3.61%	1.59%	-30.68%
TK	43 Neutral	C$14.30M	―	-1.26%	―	―	35.14%
CCE	42 Neutral	C$13.78M	―	-45.75%	―	―	-1014.38%
CNX	39 Underperform	C$14.31M	―	-2.69%	―	―	5.16%
ELEC	39 Underperform	C$14.60M	―	-53.94%	―	-81.22%	-0.48%
DAU	34 Underperform	C$18.85M	―	-1371.51%	―	―	-38.46%

Callinex Mines Corporate Events

Callinex Mines to Advance Point Leamington Gold-Rich Deposit

Callinex Mines Inc. has announced plans to advance its Point Leamington Deposit in Newfoundland, which is a volcanogenic massive sulphide deposit rich in gold, copper, zinc, and silver. The company aims to expand the high-grade mineralization through an exploration campaign and conduct metallurgical test work to refine recovery processes. This initiative is expected to enhance the intrinsic value of the deposit, especially given the rise in metal prices, and strengthen Callinex’s position in the mining industry.

Spark’s Take on TSE:CNX Stock

According to Spark, TipRanks’ AI Analyst, TSE:CNX is a Underperform.

Callinex Mines’ overall score reflects its significant financial challenges, characterized by persistent losses and cash flow deficits. While technical indicators show some neutral momentum, the company’s valuation is unattractive due to ongoing losses. However, positive corporate events provide a potential upside with strategic initiatives in exploration and resource expansion.

To see Spark’s full report on TSE:CNX stock, click here.

Callinex Mines Targets Expansion of High-Grade Copper and Gold Deposits in Manitoba

Callinex Mines has announced its 2025 exploration program targeting high-grade copper and gold deposits at its Pine Bay Camp in Manitoba. The program aims to expand known deposits and discover new Volcanogenic Massive Sulphide (VMS) systems using modern exploration techniques. This initiative could enhance Callinex’s resource base and strengthen its position in the mining sector, potentially benefiting stakeholders through increased resource estimates and future production opportunities.

Callinex Mines Advances with Exploration Permit for Rainbow Deposit

Callinex Mines Inc. has submitted an application for an Advanced Exploration Permit for the Rainbow deposit at its Pine Bay Camp in Manitoba, marking a significant step towards project development and future production. This permit will facilitate a 10,000 tonne bulk sample for metallurgical testing, aiding in the expansion of high-grade copper resources and positioning Callinex for further exploration and potential production, impacting its operations and stakeholder interests positively.

Callinex Mines Reports Promising Exploration Results at Pine Bay Camp

Callinex Mines Inc. has announced promising results from its 2024 exploration drilling campaign at the Pine Bay Camp in Manitoba. The campaign, which tested three target areas, revealed significant mineralization at the newly acquired Blueberry target area, indicating potential for a high-grade VMS deposit. The company plans to focus future drilling efforts on Blueberry and other nearby shallow high-priority targets, aiming to expand its mineral resource base and strengthen its position in the mining sector.