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First Helium Inc.
(HELI)
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Rating:41Neutral
Price Target:
C$0.03
▼(-27.50% Downside)
Action:Reiterated
Date:09/06/26
The score is primarily held down by very weak financial performance (zero TTM revenue, material losses, and ongoing cash burn). Technical indicators add only limited support given negative MACD and price below longer-term moving averages, and valuation is constrained by a negative P/E and no dividend yield.
Positive Factors
Minimal Financial Leverage
An effectively debt-free balance sheet reduces interest obligations and refinancing exposure, preserving financial flexibility while the company advances its resource assets. This gives management more capacity to direct available capital toward exploration, development, and commercialization rather than debt servicing.
Negative Factors
Zero Current Revenue and Deep Losses
The absence of current revenue while the company continues to incur substantial losses shows that its commercialization model has not yet produced operating scale. Continued losses increase execution pressure and make future financial performance highly dependent on successfully restoring production and sales.
Read all positive and negative factors
Positive Factors
Negative Factors
Minimal Financial Leverage
An effectively debt-free balance sheet reduces interest obligations and refinancing exposure, preserving financial flexibility while the company advances its resource assets. This gives management more capacity to direct available capital toward exploration, development, and commercialization rather than debt servicing.
Read all positive factors
First Helium Inc. (HELI) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$7.96M
Dividend YieldN/A
Average Volume (3M)78.85K
Price to Earnings (P/E)―
Beta (1Y)-0.88
Revenue Growth-100.00%
EPS Growth22.47%
CountryCA
Employees4
SectorGeneral
Sector StrengthN/A
IndustryChemicals
Share Statistics
EPS (TTM)-0.02
Shares Outstanding265,489,000
10 Day Avg. Volume40,070
30 Day Avg. Volume78,846
Financial Highlights & Ratios
PEG Ratio0.06
Price to Book (P/B)1.46
Price to Sales (P/S)0.00
P/FCF Ratio-12.69
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
First Helium Inc. Business Overview & Revenue Model
Company Description
First Helium Inc. primarily focuses on identifying, securing, and assessing potential helium resource sites throughout Alberta, Canada. The company maintains full ownership of both the Worsley Property and the broader Worsley Trend, which are situ...
How the Company Makes Money
First Helium makes money by commercializing production from its resource assets and monetizing those volumes through commodity sales. Its core revenue model is (1) selling produced natural gas and/or associated liquids (e.g., condensate) into appl...
First Helium Inc. Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
24
Negative
| Breakdown | Jun 2026 | Jun 2024 | Jun 2023 | Jun 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 293.00K | 8.22M | 3.57M | 0.00 |
| Gross Profit | -1.06M | -46.95K | 5.75M | 1.30M | -1.43K |
| EBITDA | -1.57M | -2.20M | -2.90M | -396.19K | -356.31K |
| Net Income | -5.22M | -6.75M | -6.93M | -465.84K | -523.68K |
Balance Sheet | |||||
| Total Assets | 11.99M | 16.65M | 17.07M | 20.31M | 15.79M |
| Cash, Cash Equivalents and Short-Term Investments | 191.00 | 834.20K | 165.27K | 5.53M | 3.47M |
| Total Debt | 0.00 | 0.00 | 140.99K | 0.00 | 2.49M |
| Total Liabilities | 4.67M | 5.13M | 2.79M | 3.55M | 3.89M |
| Stockholders Equity | 7.32M | 11.52M | 14.28M | 16.76M | 11.90M |
Cash Flow | |||||
| Free Cash Flow | -842.66K | -2.16M | -1.43M | -3.04M | -2.00M |
| Operating Cash Flow | -842.66K | -2.13M | 2.82M | -493.64K | -450.11K |
| Investing Cash Flow | -1.02M | -1.43M | -12.15M | -6.55M | -1.55M |
| Financing Cash Flow | 1.02M | 4.23M | 3.96M | 2.04M | 12.53M |
First Helium Inc. Technical Analysis
Neutral
0.04
Price Trends
0.03
Positive
0.03
Negative
0.03
Negative
Market Momentum
>-0.01
Negative
51.09
Neutral
66.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:HELI, the sentiment is Neutral. The current price of 0.04 is above the 20-day moving average (MA) of 0.03, above the 50-day MA of 0.03, and above the 200-day MA of 0.03, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 51.09 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:HELI.
First Helium Inc. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | C$1.64B | 11.02 | 19.27% | 4.85% | 12.36% | 20.53% | |
63 Neutral | C$6.75B | 56.18 | 3.54% | 1.17% | 18.11% | -70.04% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | C$43.48M | -9.55 | -112.16% | ― | 439.89% | 42.91% | |
41 Neutral | C$7.96M | -1.22 | -54.43% | ― | -100.00% | 22.47% | |
39 Underperform | C$248.64M | -19.08 | -11.76% | ― | -15.00% | -25.13% |
* General Sector Average
TSE:HELI
First Helium Inc.
0.03
<0.01
20.00%
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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.