Pennine Petroleum (PNN) AI Stock Analysis

• Market Cap: C$1.64M
• Dividend Yield: N/A
• Average Volume (3M): 12.14K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.35
• Revenue Growth: N/A
• EPS Growth: -118.12%
• Country: CA
• Employees: N/A
• Sector: Energy
• Sector Strength: 46
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): -0.06
• Shares Outstanding: 54,798,360
• 10 Day Avg. Volume: 9,706
• 30 Day Avg. Volume: 12,137
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• 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

The overall stock score reflects significant financial distress, with negative profitability and cash flow issues being the most critical factors. The bearish technical outlook and poor valuation further contribute to a low score. The absence of earnings call data and corporate events means these areas have no impact on the assessment.

Pennine Petroleum Business Overview & Revenue Model

Company Description

Pennine Petroleum (PNN) is a company operating within the energy sector, primarily focusing on the exploration, development, and production of oil and natural gas resources. The company engages in activities that encompass the entire lifecycle of petroleum extraction, from identifying potential reserves to drilling and production. Pennine Petroleum aims to leverage advanced technologies and sustainable practices to optimize its operations and meet the growing demand for energy.

How the Company Makes Money

Pennine Petroleum makes money through the exploration and production of oil and natural gas, which are sold to various markets including domestic and international buyers. The company's revenue streams are primarily derived from the sale of crude oil, natural gas, and related by-products. Additionally, Pennine Petroleum may engage in strategic partnerships and joint ventures with other industry players to enhance its exploration and production capabilities, thereby increasing its revenue potential. Factors such as global oil prices, production efficiency, and operational costs significantly impact the company's earnings.

Pennine Petroleum Financial Statement Overview

Summary

Pennine Petroleum is facing severe financial difficulties, reflected in its negative margins, equity, and cash flows. The company's financial health is weak with high leverage and an inability to generate positive cash flow or profit, posing substantial viability risks.

Income Statement

Pennine Petroleum has consistently reported negative net income and EBIT, leading to negative profit margins. The TTM (Trailing-Twelve-Months) data shows a gross profit margin of -90.0%. Revenue growth is absent, with fluctuations in revenue figures across the years, indicating instability.

Balance Sheet

The company has a negative stockholders' equity, resulting in a debt-to-equity ratio that cannot be calculated in a conventional manner, indicating financial distress. The equity ratio is also negative due to accumulated losses surpassing assets. This balance sheet structure signals high financial risk.

Cash Flow

Operating and free cash flows have been consistently negative, pointing towards cash flow challenges. The operating cash flow to net income ratio is negative, showing inefficiency in converting sales into cash flows. Despite financing activities providing cash inflow, it is insufficient to cover operational needs.

Breakdown
Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
0.00	0.00	279.00	14.75K	97.67K
	Gross Profit
-64.86K	-61.02K	266.00	13.75K	93.70K
	EBIT
-691.84K	-654.87K	-328.08K	-449.74K	-382.88K
	EBITDA
-692.38K	-645.61K	-38.50K	-270.81K	-371.99K
	Net Income Common Stockholders
-1.18M	-813.01K	-82.41K	-393.56K	-465.13K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.69K	12.47K	1.96K	928.00	1.86K
	Total Assets
40.46K	402.08K	4.22K	2.70K	45.16K
	Total Debt
731.52K	1.13M	640.84K	552.25K	512.25K
	Net Debt
729.84K	1.12M	638.88K	551.32K	510.39K
	Total Liabilities
1.74M	1.85M	1.26M	1.96M	1.61M
	Stockholders Equity
-1.70M	-1.44M	-1.26M	-1.95M	-1.56M
Cash Flow		Free Cash Flow
-380.59K	-523.95K	-69.13K	-40.93K	-173.08K
	Operating Cash Flow
-357.42K	-228.47K	-69.13K	-40.93K	-173.08K
	Investing Cash Flow
-23.17K	-293.45K	0.00	0.00	0.00
	Financing Cash Flow
369.81K	532.44K	70.16K	40.00K	168.75K

Pennine Petroleum Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.03
• 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:PNN, the sentiment is Negative. The current price of 0.03 is below the 20-day moving average (MA) of 0.04, below the 50-day MA of 0.04, and below the 200-day MA of 0.06, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 32.05 is Neutral, neither overbought nor oversold. The STOCH value of 25.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:PNN.

Pennine Petroleum Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
VLE	78 Outperform	C$798.14M	2.39	59.16%	―	97.41%	-60.04%
SOIL	72 Outperform	$317.56M	8.45	7.74%	―	29.16%	-93.72%
Sector *	56 Neutral	$7.00B	3.42	-4.37%	5.89%	-0.12%	-48.35%
CEI	55 Neutral	C$452.37M	―	-5.23%	―	113.34%	-11.26%
PNN	27 Underperform	C$1.64M	―	597.18%	―	―	-118.12%

Pennine Petroleum Corporate Events

Pambili Reports Promising Gold Mineralization at Zimbabwe Mine

Pambili Natural Resources Corporation has reported promising results from its ongoing drilling program at the Golden Valley Mine in Zimbabwe. The assays reveal a significant extension of gold mineralization, with notable intersections indicating potentially economic grades, which could enhance the company’s operational prospects and strengthen its position within the mining sector.

Pambili Finds High-Grade Gold Vein at Golden Valley

Pambili Natural Resources has discovered a new high-grade gold vein at its Golden Valley Project in Zimbabwe, with promising initial sample results showing high gold content. The company is focusing on developing this site for near-term revenue while increasing security measures and continuing exploration.

Pambili Secures Option for Zimbabwe Gold Mines

Pambili Natural Resources Corporation has secured a 12-month option to acquire the London Wall group of gold mines in Zimbabwe, which includes historical mines and potential extensions. The agreement allows Pambili to start gold production at the London Wall site, with possible underground mining in the future.

Pambili Petroleum Advances Drilling at Golden Valley

Pambili Natural Resources is advancing its underground drilling program at Zimbabwe’s Golden Valley Mine, aiming to swiftly identify a gold resource for production. Having completed two drill holes and progressing on a third, Pambili is exploring potential gold-bearing structures parallel to previously mined areas.

Pambili Petroleum Converts Debt to Shares

Pambili Natural Resources Corporation is converting C$596,660 of debt into shares to improve its financial position and attract further investment for its gold projects in Zimbabwe. The company plans to issue 4,261,905 new shares, pending approval from the TSX Venture Exchange, which will increase its total shares to 59,060,263.