Class 1 Nickel & Technologies (NICO) AI Stock Analysis

• Market Cap: $31.27M
• Dividend Yield: N/A
• Average Volume (3M): 7.53K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.55
• Revenue Growth: N/A
• EPS Growth: 8.44%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 63
• Industry: Industrial Materials
• EPS (TTM): N/A
• Shares Outstanding: 183,938,350
• 10 Day Avg. Volume: 9,051
• 30 Day Avg. Volume: 7,530
• PEG Ratio: -5.16
• Price to Book (P/B): -11.11
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -30.61
• 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

• Rating: 18 Underperform
• Price Target: ―

Class 1 Nickel & Technologies faces significant financial challenges, including persistent losses and negative cash flow, severely impacting its financial health. The technical analysis suggests a bearish trend, although the stock appears oversold, which might limit further declines. Positive corporate events like geophysical surveys and resource estimates offer some future potential, but the lack of profitability and poor valuation metrics weigh heavily on the overall score.

Class 1 Nickel & Technologies Business Overview & Revenue Model

Company Description

Class 1 Nickel & Technologies (NICO) is a mining exploration company focused on the acquisition, exploration, and development of high-quality nickel-copper-cobalt sulphide projects. Operating primarily in Canada, the company aims to advance its portfolio of assets to leverage the growing demand for nickel, which is essential for electric vehicle batteries and various industrial applications.

How the Company Makes Money

Class 1 Nickel & Technologies generates revenue primarily through the exploration and potential development of its mining assets. The company aims to identify and develop economically viable mineral deposits, which can be either sold to or partnered with larger mining companies for further development and eventual production. Revenue streams include the sale of mineral rights, joint venture agreements, and potential royalties from production. Success in generating income depends significantly on exploration outcomes, market conditions for nickel and related minerals, and strategic partnerships with other mining entities.

Class 1 Nickel & Technologies Financial Statement Overview

Summary

Class 1 Nickel & Technologies is facing significant financial distress, evidenced by persistent losses, negative equity, and cash flow challenges. The absence of revenue generation further exacerbates these issues, posing substantial risks to financial health and sustainability.

Income Statement

Class 1 Nickel & Technologies has reported zero revenue over multiple periods, indicating a lack of sales activity. The company consistently reports negative net income and EBIT, reflecting ongoing operational losses without any revenue inflow. This severely impacts profitability and indicates a challenging financial position.

Balance Sheet

The company's balance sheet reveals significant challenges, with negative stockholders' equity and a high debt load, reflected in the substantial debt-to-equity ratio. The equity ratio is also negative, highlighting financial instability and risk, which could affect future operations.

Cash Flow

The cash flow statement shows negative free cash flow and operating cash flow, indicating cash outflows from operations without any revenue generation. Financing activities have provided some cash inflow, but this may not be sustainable long-term. The company faces cash management challenges, impacting liquidity.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
0.00	0.00	0.00	0.00	8.95K	26.22K
	EBIT
-2.00M	-1.60M	-5.86M	-15.39M	-1.74M	-1.59M
	EBITDA
-775.48K	-158.17K	0.00	0.00	0.00	-189.78K
	Net Income Common Stockholders
-2.21M	-2.02M	-5.34M	-15.35M	-1.73M	-1.54M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
174.21K	82.40K	106.46K	2.15M	3.86M	174.21K
	Total Assets
199.51K	546.20K	854.48K	2.70M	4.02M	199.51K
	Total Debt
22.01K	1.97M	1.05M	0.00	―	22.01K
	Net Debt
-152.20K	1.89M	940.84K	-2.15M	―	-152.20K
	Total Liabilities
70.06K	2.48M	2.33M	1.55M	518.84K	70.06K
	Stockholders Equity
129.46K	-1.93M	-1.48M	1.15M	3.50M	129.46K
Cash Flow		Free Cash Flow
-1.05M	-2.26M	-5.97M	-6.75M	-1.55M	-175.79K
	Operating Cash Flow
-1.05M	-2.26M	-5.97M	-6.75M	-1.55M	-175.79K
	Investing Cash Flow
0.00	0.00	0.00	0.00	0.00	0.00
	Financing Cash Flow
907.42K	2.24M	3.92M	5.04M	5.24M	―

Class 1 Nickel & Technologies Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.19
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NICO, the sentiment is Positive. The current price of 0.19 is above the 20-day moving average (MA) of 0.17, above the 50-day MA of 0.19, and below the 200-day MA of 0.19, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 58.50 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:NICO.

Class 1 Nickel & Technologies Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CNC	54 Neutral	$175.21M	―	-0.58%	―	―	91.44%
PGE	53 Neutral	C$61.72M	―	-79.38%	―	―	34.27%
Sector *	50 Neutral	$1.98B	-1.07	-21.34%	3.71%	2.03%	-30.65%
NICU	40 Underperform	C$267.03M	―	-76.77%	―	―	-53.43%
FPX	40 Underperform	C$74.01M	―	-4.19%	―	―	48.82%
KNC	36 Underperform	$1.07M	―	-184.40%	―	―	-277.94%
NICO	18 Underperform	$31.27M	―		―	―	8.44%

Class 1 Nickel & Technologies Corporate Events

Class 1 Nickel Completes Geophysical Survey at River Valley Project

Class 1 Nickel and Technologies Limited has completed an airborne geophysical survey over its River Valley PGE-Cu-Ni Project in Ontario. This survey, conducted by Geotech Ltd, marks the first use of VTEM™ Plus technology in the area, aiming to identify new exploration targets by testing the extent of sulphide-hosted mineralization. The results of this survey could significantly impact the company’s exploration strategy and provide insights into potential new resources, enhancing its positioning in the mineral exploration industry.

Spark’s Take on TSE:NICO Stock

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

Class 1 Nickel & Technologies faces significant financial challenges, including persistent losses and negative cash flow, severely impacting its financial health. The technical analysis suggests a bearish trend, although the stock appears oversold, which might limit further declines. The lack of profitability and dividend yield further detracts from its investment appeal.

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

Class 1 Nickel Reveals Enhanced Resource Estimate for Dundonald North Deposit

Class 1 Nickel & Technologies Ltd. has announced an updated mineral resource estimate for the Dundonald North Nickel Sulphide Deposit, revealing significant increases in tonnage and contained metals. The updated estimate shows a 31.4% increase in total tonnes, with notable rises in contained nickel, copper, and cobalt. This development highlights the potential for further exploration and resource expansion, positioning the company favorably within the nickel mining sector and offering promising opportunities for future drilling and development.

Class 1 Nickel Launches Geophysical Survey at River Valley Project

Class 1 Nickel & Technologies has initiated an airborne geophysical survey at its River Valley PGE Project in Sudbury, Ontario, utilizing Geotech Ltd.’s VTEM™ Plus technology. This survey aims to explore sulphide-hosted PGE-Cu-Ni mineralization, potentially identifying new exploration targets. The project is strategically located near advanced infrastructure and neighboring projects, enhancing its potential impact on the company’s exploration portfolio and market positioning.