Nine Mile Metals Ltd (NINE) AI Stock Analysis

• Market Cap: C$1.27M
• Dividend Yield: N/A
• Average Volume (3M): 72.29K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.45
• Revenue Growth: N/A
• EPS Growth: 31.50%
• Country: CA
• Employees: 1
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): N/A
• Shares Outstanding: 84,636,340
• 10 Day Avg. Volume: 29,561
• 30 Day Avg. Volume: 72,289
• PEG Ratio: -0.05
• Price to Book (P/B): 0.19
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -0.44
• 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

Nine Mile Metals Ltd faces critical financial difficulties, with no revenue and ongoing losses resulting in low financial performance. The technical analysis shows a bearish outlook, compounded by poor valuation metrics. However, recent corporate actions, such as financing and leadership changes, provide a glimmer of hope for improved future performance. Overall, the stock carries significant risk due to its current financial instability.

Nine Mile Metals Ltd Business Overview & Revenue Model

Company Description

Nine Mile Metals Ltd (NINE) is a company engaged in the exploration and development of mineral properties. The company primarily focuses on the acquisition and exploration of mining properties with the potential for discovering valuable minerals. Their operations are centered around identifying, acquiring, and developing mining assets to create value for stakeholders.

How the Company Makes Money

Nine Mile Metals Ltd makes money by engaging in the exploration and development of mineral resources. The company's revenue model is centered around the discovery and subsequent development of mineral deposits. Once a viable deposit is found, Nine Mile Metals can either develop the site into a producing mine or sell the rights to larger mining companies for development. Revenue is generated through the sale of mineral rights, royalties, or the extracted minerals themselves once production commences. Key revenue streams include exploration partnerships, joint ventures, and strategic alliances with other mining firms, which can provide financial backing or technical expertise. The company's earnings are significantly influenced by market demand for the minerals they explore and the effectiveness of their exploration activities.

Nine Mile Metals Ltd Financial Statement Overview

Summary

Nine Mile Metals Ltd is facing significant financial challenges, primarily due to a lack of revenue generation and consistent operational losses. While the low level of debt is a positive aspect, the company's reliance on equity and external financing raises concerns about long-term sustainability. The absence of positive cash flows from operations further exacerbates these challenges.

Income Statement

The company has consistently reported zero revenue, indicating a lack of sales activity. The net income has been negative, reflecting ongoing losses. EBIT and EBITDA margins are also negative, further highlighting the company's struggle to manage costs effectively or generate profits.

Balance Sheet

The company maintains a relatively low level of debt, which is a positive aspect. However, the equity has been decreasing over time, and the overall asset base is shrinking, which could be a concern for future stability. The equity ratio is high, suggesting reliance on equity financing.

Cash Flow

Negative operating cash flow indicates difficulty in generating cash from operations, while free cash flow remains consistently negative. The company relies heavily on financing activities to fund operations, posing a risk if external funding becomes unavailable.

Breakdown
TTM	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
-3.92K	―	0.00	0.00	0.00	0.00
	EBIT
-1.52M	-2.22M	-2.29M	-1.73M	-1.14M	-604.96K
	EBITDA
-2.02M	-2.12M	-410.24K	3.60M	-1.14M	-635.37K
	Net Income Common Stockholders
-2.09M	-2.17M	-2.70M	-1.70M	-6.27M	-804.05K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
184.62K	387.47K	446.00K	1.07M	947.36K	258.60K
	Total Assets
4.90M	5.10M	4.95M	5.25M	982.40K	281.65K
	Total Debt
226.11K	220.85K	0.00	0.00	50.37K	0.00
	Net Debt
41.49K	-166.62K	-446.00K	-1.07M	-896.99K	-258.60K
	Total Liabilities
671.15K	622.11K	170.48K	22.00K	75.69K	29.50K
	Stockholders Equity
4.23M	4.48M	4.78M	5.23M	906.71K	252.15K
Cash Flow		Free Cash Flow
-1.93M	-1.89M	-2.37M	-1.42M	-1.08M	-494.27K
	Operating Cash Flow
-1.93M	-1.84M	-2.29M	-1.33M	-1.07M	-460.40K
	Investing Cash Flow
0.00	-50.00K	-80.00K	-85.00K	11.20K	-53.26K
	Financing Cash Flow
815.67K	1.83M	1.74M	1.54M	1.75M	0.00

Nine Mile Metals Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.02
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NINE, the sentiment is Negative. The current price of 0.02 is above the 20-day moving average (MA) of 0.02, above the 50-day MA of 0.02, and below the 200-day MA of 0.03, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 47.55 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:NINE.

Nine Mile Metals Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KNT	75 Outperform	C$3.04B	12.09	39.28%	―	105.06%	481.75%
Sector *	50 Neutral	$1.98B	-1.06	-21.29%	3.61%	1.95%	-30.60%
NFG	43 Neutral	$335.02M	―	-75.61%	―	―	41.94%
BMK	37 Underperform	$4.15M	―	25.02%	―	―	84.51%
NRM	37 Underperform	C$10.11M	―	-42.96%	―	―	72.76%
NINE	30 Underperform	C$1.27M	―	-44.00%	―	―	31.50%

Nine Mile Metals Ltd Corporate Events

Nine Mile Metals Appoints Jonathan Holmes to Board of Directors

Nine Mile Metals Ltd. has appointed Jonathan Holmes to its Board of Directors, effective April 16, 2025. Holmes brings over 25 years of experience in venture capital, investor relations, and strategic marketing, with a significant background in corporate growth and market positioning. His expertise is expected to enhance Nine Mile’s strategic direction and investor awareness as the company navigates challenging market conditions.

Spark’s Take on TSE:NINE Stock

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

Nine Mile Metals Ltd faces critical financial difficulties, with no revenue and ongoing losses resulting in low financial performance. The technical analysis shows a bearish outlook, compounded by poor valuation metrics. However, recent corporate actions, such as financing and leadership changes, provide a glimmer of hope for improved future performance. Overall, the stock carries significant risk due to its current financial instability.

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

Nine Mile Metals Completes Private Placement Amid Market Challenges

Nine Mile Metals Ltd. has successfully completed the second tranche of its private placement, raising a total of $388,653. The funds will be used for general and administrative purposes, with no new insider or control person resulting from the issuance. The closure of this funding round, despite challenging market conditions, positions the company to continue its exploration activities in 2025, potentially impacting its operations and market positioning positively.

Spark’s Take on TSE:NINE Stock

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

Nine Mile Metals Ltd is struggling with severe financial difficulties, notably lacking revenue and facing continuous losses. Despite some positive corporate events like new leadership and financing efforts, these are not yet reflected in the financial performance. Technical indicators point to a bearish market sentiment. Overall, the stock is facing significant risks due to its financial instability and poor valuation metrics.

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

Nine Mile Metals Strengthens Leadership Team and Financial Services

Nine Mile Metals Ltd has announced key management and board changes, appointing Mr. Jimmy Jeon as the new Chief Financial Officer and Mr. Brett Wallace to the Board of Directors. The company has also engaged Marrelli Support Services Inc. to provide comprehensive financial services, aiming to enhance operational efficiency and streamline financial processes. These strategic appointments and partnerships are expected to bolster Nine Mile Metals’ financial management and governance, potentially strengthening its position within the mining industry.