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Nickel North Exploration
(NNX)
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Rating:42Neutral
Price Target:
C$0.02
▲(20.00% Upside)
Action:Upgraded
Date:09/06/26
The score is constrained primarily by weak financial performance (pre-revenue, ongoing losses, and negative free cash flow) alongside elevated leverage for a company without operating cash inflows. Technicals are also unfavorable due to a longer-term downtrend and bearish MACD, partially offset by oversold RSI levels. Valuation does not provide support because earnings are negative and no dividend yield is available.
Positive Factors
Balance Sheet Repair
The return to positive equity indicates a meaningful balance-sheet repair or recapitalization, improving the company’s financial foundation compared with prior years. Although leverage remains high, this change may provide greater capacity to continue exploration and manage obligations over the next several quarters.
Negative Factors
Pre-Revenue Business
With no reported revenue, Nickel North lacks operating inflows to fund exploration, corporate costs, or debt obligations. This keeps the business dependent on external capital while projects are developed, making financial outcomes more uncertain and limiting visibility into sustainable future earnings.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Repair
The return to positive equity indicates a meaningful balance-sheet repair or recapitalization, improving the company’s financial foundation compared with prior years. Although leverage remains high, this change may provide greater capacity to continue exploration and manage obligations over the next several quarters.
Read all positive factors
Nickel North Exploration (NNX) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$4.38M
Dividend YieldN/A
Average Volume (3M)32.55K
Price to Earnings (P/E)―
Beta (1Y)-0.67
Revenue GrowthN/A
EPS Growth-8.16%
CountryCA
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding175,071,870
10 Day Avg. Volume22,706
30 Day Avg. Volume32,549
Financial Highlights & Ratios
PEG Ratio0.30
Price to Book (P/B)-2.91
Price to Sales (P/S)0.00
P/FCF Ratio-11.60
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
Nickel North Exploration Business Overview & Revenue Model
Company Description
Operating as an exploration-phase enterprise, Nickel North Exploration Corp. is dedicated to the acquisition, prospecting, and assessment of mineral claims throughout Canada. The company's primary focus is on discovering deposits of copper, nickel...
How the Company Makes Money
null...
Nickel North Exploration Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
24
Negative
Cash Flow
15
Very Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
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 | -5.50K |
| EBITDA | -850.48K | -359.08K | -288.65K | -35.45K | -765.07K | -87.84K |
| Net Income | -846.55K | -441.69K | -508.70K | -621.84K | -935.24K | -241.37K |
Balance Sheet | ||||||
| Total Assets | 4.67M | 1.42M | 30.41K | 46.22K | 142.74K | 10.82M |
| Cash, Cash Equivalents and Short-Term Investments | 4.61M | 1.37M | 15.05K | 26.58K | 35.31K | 10.12K |
| Total Debt | 2.17M | 2.14M | 2.43M | 2.11M | 1.80M | 1.53M |
| Total Liabilities | 2.75M | 2.64M | 2.84M | 2.35M | 1.87M | 1.80M |
| Stockholders Equity | 1.92M | -1.22M | -2.81M | -2.30M | -1.73M | 9.02M |
Cash Flow | ||||||
| Free Cash Flow | -397.79K | -305.87K | -109.17K | -137.48K | -838.88K | -161.78K |
| Operating Cash Flow | -397.79K | -305.87K | -109.17K | -137.48K | -838.88K | -146.44K |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 28.75K | 0.00 | -15.34K |
| Financing Cash Flow | 4.92M | 1.66M | 97.64K | 100.00K | 864.07K | 120.00K |
Nickel North Exploration Technical Analysis
Negative
0.02
Price Trends
0.03
Negative
0.04
Negative
0.04
Negative
Market Momentum
>-0.01
Negative
27.30
Positive
>-0.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NNX, the sentiment is Negative. The current price of 0.02 is equal to the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.03, and below the 200-day MA of 0.04, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 27.30 is Positive, neither overbought nor oversold. The STOCH value of >-0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:NNX.
Nickel North Exploration 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% | |
49 Neutral | C$16.11M | -5.85 | -30.86% | ― | ― | 81.67% | |
42 Neutral | C$4.38M | -6.10 | 107.00% | ― | ― | -8.16% | |
41 Neutral | C$3.34M | -4.81 | 16.65% | ― | ― | 22.22% | |
34 Underperform | C$5.09M | -1.18 | -32.69% | ― | ― | 74.63% |
* General Sector Average
TSE:NNX
Nickel North Exploration
0.03
-0.02
-37.50%
TSE:RXM
Rockex Mining
0.03
<0.01
25.00%
TSE:ADDY
Spearmint Resources Inc
0.07
0.02
27.27%
TSE:VRR
VR Resources
0.41
0.21
103.52%
TSE:TRAC
Traction Exploration
1.00
0.07
7.53%
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.