Want to see TSE:FNI full AI Analyst Report?
Top Page
Fathom Nickel
(FNI)
Select Model
Select Model
Rating:42Neutral
Price Target:
C$0.02
▼(-5.00% Downside)
Action:Reiterated
Date:09/06/26
The score is primarily held down by weak financial performance (pre-revenue losses and rising cash burn), with only partial support from a debt-free balance sheet. Technicals also lean negative with the stock trading below key moving averages and a negative MACD. Valuation provides limited help because the negative P/E reflects unprofitable operations and no dividend yield is available.
Positive Factors
Debt-free balance sheet
A debt-free balance sheet reduces financial risk and avoids interest obligations while the company advances its exploration portfolio. This gives management greater flexibility to allocate capital toward geological work and technical studies without servicing leverage.
Negative Factors
Pre-revenue business model
The absence of revenue means Fathom Nickel has not yet demonstrated commercial monetization of its mineral properties. Near-term financial performance therefore depends on exploration progress and access to capital rather than recurring operating income, increasing execution uncertainty.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A debt-free balance sheet reduces financial risk and avoids interest obligations while the company advances its exploration portfolio. This gives management greater flexibility to allocate capital toward geological work and technical studies without servicing leverage.
Read all positive factors
Fathom Nickel (FNI) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$4.03M
Dividend YieldN/A
Average Volume (3M)337.57K
Price to Earnings (P/E)―
Beta (1Y)-0.34
Revenue GrowthN/A
EPS Growth28.13%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding201,336,690
10 Day Avg. Volume421,610
30 Day Avg. Volume337,575
Financial Highlights & Ratios
PEG Ratio0.17
Price to Book (P/B)0.24
Price to Sales (P/S)0.00
P/FCF Ratio-4.98
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
Fathom Nickel Business Overview & Revenue Model
Company Description
Fathom Nickel Inc. operates as a resource company dedicated to the exploration and development of mineral deposits. Its primary objective is to identify, acquire, and assess base and precious metals for their vital role in the rapidly expanding el...
Fathom Nickel Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Dec 2023 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -2.91K | -4.51K | -4.10K | -29.60K | -47.93K | -4.67K |
| EBITDA | -1.07M | -979.59K | -852.10K | -1.26M | -1.08M | -2.08M |
| Net Income | -1.10M | -944.54K | -1.00M | -2.05M | -1.15M | -4.76M |
Balance Sheet | ||||||
| Total Assets | 22.30M | 19.20M | 18.81M | 18.30M | 14.17M | 14.39M |
| Cash, Cash Equivalents and Short-Term Investments | 899.35K | 11.26K | 314.97K | 3.75M | 2.96M | 8.09M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 269.55K | 273.56K |
| Total Liabilities | 173.30K | 434.55K | 618.98K | 698.72K | 661.63K | 1.51M |
| Stockholders Equity | 22.12M | 18.77M | 18.19M | 17.61M | 13.50M | 12.88M |
Cash Flow | ||||||
| Free Cash Flow | -1.21M | -923.23K | -905.76K | -1.99M | -6.67M | -6.20M |
| Operating Cash Flow | -1.21M | -921.85K | -903.71K | -1.99M | -1.91M | -2.16M |
| Investing Cash Flow | -2.35M | -746.67K | -3.52M | -3.73M | -4.72M | -3.95M |
| Financing Cash Flow | 3.86M | 1.36M | 1.45M | 6.06M | 1.49M | 14.19M |
Fathom Nickel Technical Analysis
Negative
0.02
Price Trends
0.02
Negative
0.03
Negative
0.03
Negative
Market Momentum
>-0.01
Positive
45.98
Neutral
>-0.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:FNI, the sentiment is Negative. The current price of 0.02 is below the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and below the 200-day MA of 0.03, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 45.98 is Neutral, neither overbought nor oversold. The STOCH value of >-0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:FNI.
Fathom Nickel Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
46 Neutral | C$19.36M | -1.93 | -162.70% | ― | ― | 68.78% | |
44 Neutral | C$8.32M | -0.38 | -72.92% | ― | -25.32% | -5282.64% | |
42 Neutral | C$4.03M | -4.35 | -5.33% | ― | ― | 28.13% | |
42 Neutral | C$4.38M | -4.90 | 107.00% | ― | ― | -8.16% | |
40 Underperform | C$3.87M | -1.05 | -62.37% | ― | ― | 9.43% |
* Basic Materials Sector Average
TSE:FNI
Fathom Nickel
0.02
>-0.01
-33.33%
TSE:FCI
Green Battery Minerals Inc
0.43
0.21
93.18%
TSE:NNX
Nickel North Exploration
0.03
>-0.01
-16.67%
TSE:PE
Pure Energy Minerals
0.25
0.10
63.33%
TSE:CELL
Grid Battery Metals
0.02
-0.02
-57.14%
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.