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Class 1 Nickel & Technologies
(NICO)
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Rating:44Neutral
Price Target:
C$0.14
▼(-15.00% Downside)
Action:Reiterated
Date:08/17/26
The score is primarily held down by weak financial performance (pre-revenue operations, ongoing losses, negative equity, and continued cash burn), despite some improvement in losses and debt. Technical indicators are neutral-to-slightly weak and do not offset the fundamental risk, while valuation is constrained by negative earnings and no dividend yield data.
Positive Factors
Narrowing Net Losses
The substantial reduction in net losses indicates improving cost control and lowers the scale of annual funding needs. Although the company remains unprofitable and pre-revenue, continued progress could improve financial resilience if exploration and development milestones are achieved.
Negative Factors
Pre-Revenue Business
The absence of commercial revenue means the company has not yet demonstrated a recurring economic engine. Its ability to fund exploration, convert resources into a producing asset, and eventually generate sustainable earnings remains dependent on successful development and external capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Narrowing Net Losses
The substantial reduction in net losses indicates improving cost control and lowers the scale of annual funding needs. Although the company remains unprofitable and pre-revenue, continued progress could improve financial resilience if exploration and development milestones are achieved.
Read all positive factors
Class 1 Nickel & Technologies (NICO) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$30.48M
Dividend YieldN/A
Average Volume (3M)4.64K
Price to Earnings (P/E)―
Beta (1Y)-1.38
Revenue GrowthN/A
EPS Growth45.30%
CountryCA
Employees5
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding203,193,250
10 Day Avg. Volume2,115
30 Day Avg. Volume4,641
Financial Highlights & Ratios
PEG Ratio0.43
Price to Book (P/B)-6.19
Price to Sales (P/S)0.00
P/FCF Ratio-19.16
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
Class 1 Nickel & Technologies Business Overview & Revenue Model
Company Description
Class 1 Nickel and Technologies Limited engages in the mining, exploration, and development of minerals and base metals in Canada. The company primarily explores for nickel, copper, and cobalt sulphide deposits. Its flagship project is the Alexo-D...
Class 1 Nickel & Technologies Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
10
Very Negative
Cash Flow
7
Very Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|---|
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 | 0.00 | 0.00 |
| EBITDA | -864.32K | -1.46M | -1.77M | -158.17K | -5.60M | -15.35M |
| Net Income | -993.14K | -1.59M | -2.04M | -2.02M | -5.60M | -15.35M |
Balance Sheet | ||||||
| Total Assets | 292.37K | 475.13K | 1.57M | 546.20K | 854.48K | 2.70M |
| Cash, Cash Equivalents and Short-Term Investments | 255.61K | 422.69K | 1.48M | 82.40K | 106.46K | 2.15M |
| Total Debt | 145.04K | 2.73M | 2.46M | 1.97M | 1.05M | 0.00 |
| Total Liabilities | 889.91K | 3.75M | 3.25M | 2.48M | 2.33M | 1.55M |
| Stockholders Equity | -597.54K | -3.27M | -1.68M | -1.93M | -1.48M | 1.15M |
Cash Flow | ||||||
| Free Cash Flow | -840.11K | -1.06M | -1.05M | -2.26M | -5.97M | -6.75M |
| Operating Cash Flow | -840.11K | -1.06M | -1.05M | -2.26M | -5.97M | -6.75M |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | 298.41K | 0.00 | 2.44M | 2.24M | 3.92M | 5.04M |
Class 1 Nickel & Technologies 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% | |
48 Neutral | C$35.79M | -8.25 | -154.32% | ― | ― | 6.73% | |
44 Neutral | C$30.48M | -23.44 | 45.30% | ― | ― | 45.30% | |
44 Neutral | C$17.40M | -19.30 | -5.65% | ― | ― | 37.78% | |
43 Neutral | C$14.24M | -22.92 | -4.15% | ― | ― | 86.05% | |
43 Neutral | C$18.08M | -9.29 | -59.81% | ― | ― | 52.15% |
* Basic Materials Sector Average
TSE:NICO
Class 1 Nickel & Technologies
0.15
0.11
233.33%
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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.