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Manganese X Energy Corp
(MN)
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Rating:44Neutral
Price Target:
C$0.09
▼(-8.00% Downside)
Action:Reiterated
Date:09/30/26
The score is primarily weighed down by weak financial performance—zero revenue, recurring losses, and ongoing cash burn—despite the benefit of no reported debt. Technical indicators are neutral-to-slightly bearish, offering limited support, and valuation signals are constrained by negative earnings and no dividend yield data.
Positive Factors
Debt-Free Balance Sheet
The absence of reported debt reduces interest obligations and refinancing exposure, giving the company greater flexibility while it advances its mineral projects. Although the business is not yet profitable, a debt-free balance sheet provides more room to manage development spending and respond to financing needs.
Negative Factors
No Operating Revenue
With no reported revenue from commercial production, the company has not yet demonstrated a recurring operating business or internally funded growth model. Its financial performance therefore depends on advancing projects toward future monetization while continuing to cover exploration and corporate expenses.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-Free Balance Sheet
The absence of reported debt reduces interest obligations and refinancing exposure, giving the company greater flexibility while it advances its mineral projects. Although the business is not yet profitable, a debt-free balance sheet provides more room to manage development spending and respond to financing needs.
Read all positive factors
Manganese X Energy Corp (MN) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$23.16M
Dividend YieldN/A
Average Volume (3M)61.50K
Price to Earnings (P/E)―
Beta (1Y)0.36
Revenue GrowthN/A
EPS Growth3.00%
CountryCA
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryOther Precious Metals
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding243,793,870
10 Day Avg. Volume95,840
30 Day Avg. Volume61,504
Financial Highlights & Ratios
PEG Ratio0.81
Price to Book (P/B)20.05
Price to Sales (P/S)0.00
P/FCF Ratio-17.33
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
Manganese X Energy Corp Business Overview & Revenue Model
Company Description
Manganese X Energy Corp. (MN.V) is dedicated to acquiring and developing mineral sites across Canada, with a primary focus on locating and evaluating copper, nickel, and cobalt deposits. A cornerstone of its portfolio is the Battery Hill manganese...
How the Company Makes Money
Manganese X Energy Corp. does not have publicly available, company-specific evidence of recurring operating revenue from commercial production in the information provided here; therefore, a detailed breakdown of realized revenue streams is not ava...
Manganese X Energy Corp Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
19
Very Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | -15.00K | -15.00K | -15.00K |
| EBITDA | -1.93M | -1.70M | -2.19M | -2.81M | -4.25M |
| Net Income | -1.88M | -1.57M | -2.28M | -2.83M | -4.27M |
Balance Sheet | |||||
| Total Assets | 1.81M | 3.10M | 2.37M | 3.95M | 4.05M |
| Cash, Cash Equivalents and Short-Term Investments | 1.53M | 2.86M | 2.20M | 3.32M | 3.51M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 628.40K | 77.46K | 179.24K | 106.85K | 128.43K |
| Stockholders Equity | 1.18M | 3.03M | 2.19M | 3.84M | 3.93M |
Cash Flow | |||||
| Free Cash Flow | -1.36M | -1.73M | -1.93M | -2.74M | -2.10M |
| Operating Cash Flow | -1.36M | -1.73M | -1.93M | -2.74M | -2.10M |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | 32.56K | 2.40M | 804.13K | 2.55M | 46.13K |
Manganese X Energy Corp Technical Analysis
Negative
0.10
Price Trends
0.10
Positive
0.10
Negative
0.11
Negative
Market Momentum
>-0.01
Positive
48.96
Neutral
61.11
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MN, the sentiment is Negative. The current price of 0.1 is below the 20-day moving average (MA) of 0.10, above the 50-day MA of 0.10, and below the 200-day MA of 0.11, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 48.96 is Neutral, neither overbought nor oversold. The STOCH value of 61.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:MN.
Manganese X Energy Corp 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% | |
50 Neutral | C$44.45M | -3.13 | -114.02% | ― | ― | 32.13% | |
48 Neutral | C$12.87M | -0.74 | 567.30% | ― | 5.88% | 41.47% | |
44 Neutral | C$23.16M | -9.79 | -103.03% | ― | ― | 3.00% | |
44 Neutral | C$44.82M | -13.67 | -8.43% | ― | ― | -821.43% | |
43 Neutral | C$11.65M | -18.75 | -4.15% | ― | ― | 86.05% | |
43 Neutral | C$21.03M | -0.87 | -219.99% | ― | ― | -210.31% |
* General Sector Average
TSE:MN
Manganese X Energy Corp
0.10
0.04
58.33%
TSE:AMY
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TSE:SMN
Sun Summit Minerals Corp.
0.14
-0.07
-32.50%
TSE:VUL
Vulcan Minerals
0.35
0.18
112.12%
TSE:EMM
Giyani Gold
0.06
>-0.01
-10.00%
TSE:EMN
Euro Manganese
0.09
-0.07
-43.75%
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.