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Nickel 28 Capital Corp (NKL) Stock Price & Analysis
NKL Stock Chart & Stats
- Day’s Range
- CAD 0.98 - CAD 1.02
- 52-Week Range
- CAD 0.68 - CAD 1.29
- Previous Close
- CAD 1.00
- Volume
- N/A
- Average Volume (3M)
- 28.74K
- Market Cap
- CAD 83.50M
- Enterprise Value
- CAD 130.53M
- Total Cash (Recent Filing)
- CAD 9.23M
- Total Debt (Recent Filing)
- CAD 32.73M
- Price to Earnings (P/E)
- 12.6
- Beta
- 1.07
- Next Earnings
- Dec 17, 2026 (Est.)
- EPS Estimate
- N/A
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- N/A
Bulls Say, Bears Say
Bulls Say
Royalty And Streaming Model
The royalty and streaming model provides contractual exposure to battery-metal production while avoiding direct mine operation. This structure can support portfolio scalability and recurring participation in metal output, although results still depend on asset and operator performance.
Improving Leverage
Material deleveraging has strengthened the capital structure and reduced balance-sheet pressure. Debt is now modest relative to equity, which should improve financial resilience and preserve greater flexibility for sustaining investments or managing variability in royalty and streaming receipts.
Positive Recent Cash Generation
The return to positive operating and free cash flow in the latest trailing period is a constructive sign for financial self-sufficiency. If maintained, cash generation could provide more support for corporate needs and reduce reliance on additional financing despite prior volatility.
Bears Say
Negative Core Operating Profit
Negative EBIT indicates that reported net income is not currently supported by profitable core operations. The repeated swings between annual profits and losses make earnings quality less dependable and complicate forecasting of sustainable returns over the next several periods.
Weak Cash Conversion
Cash generation is substantially below reported net income, showing that accounting earnings are not converting into cash at the same pace. Continued weak conversion could constrain reinvestment capacity and make future distributions or portfolio expansion more dependent on external funding.
Dependence On Third-party Mine Operators
Because the company does not operate the underlying mines, its receipts depend on third parties maintaining production and operational continuity. This limits direct control over volume and execution, leaving results exposed to asset-level performance even when contractual rights remain in place.
Nickel 28 Capital Corp News
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Company Description
Nickel 28 Capital Corp
Nickel 28 Capital Corp. is a Toronto, Canada-based enterprise, incorporated in 2019, specializing in base metals. The company maintains an 8.56% joint venture interest in the Ramu Nickel-Cobalt operation, located in Papua New Guinea. Furthermore, its assets include a collection of 13 royalty agreements pertaining to nickel and cobalt exploration and development ventures across Canada, Australia, and Papua New Guinea. Looking ahead, Nickel 28 aims to strategically expand its holdings by acquiring streams, royalties, and direct interests in mineral properties focused on battery metals. The firm adopted its current name in March 2021, having formerly been recognized as Conic Metals Corp.
- Sector
- Basicmaterials
- Industry
- Industrial Materials
- CEO
- Craig T. Lennon
- Employees
- 7
- Website
- www.nickel28.com
- Address
- 666 Burrard Street, Vancouver, BC, V6C 2X8, CA
Nickel 28 Capital Corp (NKL) Earnings & Revenues
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 3 | 5 | 14 |
| Technical Analysis | 3 | 5 | 2 |
| Moving Averages | 0 | 0 | 12 |








