First Helium Inc. (HELI) AI Stock Analysis

First Helium Inc.

(TSXV:HELI)

Select Model

Rating:44Neutral

Price Target:CAD 0.02▼(-20.00% Downside)

Action:upgraded

Date:09/06/26

Weak financial performance driven by revenue collapse and cash burn is the dominant factor; neutral technical indicators and unattractive valuation from negative earnings add further pressure.

Positive Factors

Minimal financial leverageAn effectively debt-free balance sheet gives First Helium greater flexibility than a highly leveraged resource developer. Positive equity provides some support for ongoing asset development and reduces interest and refinancing pressure, although continued losses could still erode this cushion.

Negative Factors

No current revenueZero trailing revenue means the company is not currently demonstrating commercial scale from its resource portfolio. Until production and sales resume, fixed costs and development spending remain unsupported by operating inflows, creating substantial execution and viability risk.

First Helium Inc. (HELI) vs. iShares MSCI Canada ETF (EWC)

Market Cap: CAD 6.42M
Dividend Yield: ―
Average Volume (3M): 82.69K
Price to Earnings (P/E): -1.2
Beta (1Y): -0.75
Revenue Growth: -100.00%
EPS Growth: 22.47%
Country: Canada
Employees: 4
Sector: General
Sector Strength: 55
Industry: Chemicals

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 situate...

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 applica...

First Helium Inc. Financial Statement Overview

Summary

Dramatic revenue collapse to zero, sustained net losses, and negative operating cash flow signal severe operational weakness, partially offset by a debt-free balance sheet.

Income Statement

12Very Negative

Balance Sheet

52Neutral

Cash Flow

18Very Negative

Financial statement breakdown
Breakdown	TTM	Jun 2026	Jun 2025	Jun 2024	Jun 2023	Jun 2022
Income Statement
Total Revenue	0	0	293.00K	1.13M	8.22M	3.57M
Gross Profit	-1.06M	-1.06M	-46.95K	-220.74K	5.75M	1.30M
EBITDA	-1.57M	-1.57M	-2.45M	-1.83M	-2.88M	-396.19K
Net Income	-5.22M	-5.22M	-6.75M	-3.20M	-6.93M	-465.84K
Balance Sheet
Total Assets	11.99M	11.99M	16.65M	16.22M	17.07M	20.31M
Cash, Cash Equivalents and Short-Term Investments	191	191	834.20K	157.79K	165.27K	5.53M
Total Debt	0	0	0	60.63K	140.99K	0
Total Liabilities	4.67M	4.67M	5.13M	2.59M	2.79M	3.55M
Stockholders Equity	7.32M	7.32M	11.52M	13.63M	14.28M	16.76M
Cash Flow
Free Cash Flow	-314.18K	-842.66K	-2.16M	-2.32M	-1.43M	-3.04M
Operating Cash Flow	-842.66K	-842.66K	-2.13M	-2.02M	2.82M	-493.64K
Investing Cash Flow	-1.02M	-1.02M	-1.43M	-252.47K	-12.15M	-6.55M
Financing Cash Flow	1.02M	1.02M	4.23M	2.27M	3.96M	2.04M

First Helium Inc. Technical Analysis

Technical Analysis SentimentPositive

Last Price0.03

Price Trends

50DMA0.03Positive

100DMA0.03Positive

200DMA0.03Negative

Market Momentum

MACD0.00Negative

RSI56.93Neutral

STOCH-0.00Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:HELI, the sentiment is Positive. The current price of 0.03 is above the 20-day moving average (MA) of 0.03, above the 50-day MA of 0.03, and below the 200-day MA of 0.03, indicating a neutral trend. The MACD of 0.00 indicates Negative momentum. The RSI at 56.93 is Neutral, neither overbought nor oversold. The STOCH value of -0.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:HELI.

First Helium Inc. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TSE:HELI against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TSE:CHE.UN	78Outperform	CAD 1.64B	10.99	19.27%	4.89%	12.36%	20.53%
TSE:MX	75Outperform	CAD 7.72B	15.31	14.07%	1.03%	31.38%	44.50%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TSE:CH	46Neutral	CAD 33.34M	-7.64	-112.16%	―	439.89%	42.91%
TSE:GRA	44Neutral	CAD 232.30M	-19.13	-10.72%	―	-9.03%	-18.20%
TSE:HELI	44Neutral	CAD 7.96M	-1.22	-54.43%	―	-100.00%	22.47%

* General Sector Average

Performance Comparison

TSE:HELI and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TSE:HELI	First Helium Inc.	0.03	0.00	0.00%
TSE:MX	Methanex	99.85	49.94	100.04%
TSE:CHE.UN	Chemtrade Logistcs	14.62	1.95	15.38%
TSE:GRA	Nanoxplore	1.28	-1.08	-45.76%
TSE:CH	Charbone Hydrogen Corporation	0.12	-0.04	-28.13%
TSE:SWAN	Black Swan Graphene Inc	0.65	-0.46	-41.44%

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.

Date of analysis: Sep 06, 2026

First Helium Inc. AI Stock Analysis