Pacific Nickel Mines (ASX:PNM) - Stock Price, News & Analysis

PNM Stock Overview

Explores for and develops nickel deposits in Solomon Islands. More details

PNM fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	0/6
Dividends	0/6

Risk Analysis

Does not have a meaningful market cap (A$10M)

Has less than 1 year of cash runway

Earnings have declined by 6.9% per year over past 5 years

Shares are highly illiquid

Pacific Nickel Mines Limited Competitors

Equus Mining

ASX:EQE

AU$10.8m

Ragnar Metals

ASX:RAG

AU$9.5m

Nimy Resources

ASX:NIM

AU$7.3m

Alara Resources

ASX:AUQ

AU$24.4m

Price History & Performance

Summary of all time highs, changes and price drops for Pacific Nickel Mines
Historical stock prices
Current Share Price	AU$0.024
52 Week High	AU$0.11
52 Week Low	AU$0.021
Beta	-0.85
11 Month Change	0%
3 Month Change	14.29%
1 Year Change	-73.03%
33 Year Change	-70.73%
5 Year Change	-76.00%
Change since IPO	-99.82%

Recent updates

Here's Why Pacific Nickel Mines (ASX:PNM) Can Afford Some Debt

Oct 02

It's Unlikely That The CEO Of Pacific Nickel Mines Limited (ASX:PNM) Will See A Huge Pay Rise This Year

Nov 19

Does Pacific Nickel Mines' (ASX:PNM) CEO Salary Compare Well With The Performance Of The Company?

Jan 18

Shareholder Returns

	PNM	AU Metals and Mining	AU Market
7D	0%	-1.3%	1.4%
1Y	-73.0%	-12.4%	17.7%

Return vs Industry: PNM underperformed the Australian Metals and Mining industry which returned -1.3% over the past year.

Return vs Market: PNM underperformed the Australian Market which returned 16% over the past year.

Price Volatility

Is PNM's price volatile compared to industry and market?
PNM volatility
PNM Average Weekly Movement	n/a
Metals and Mining Industry Average Movement	11.0%
Market Average Movement	8.6%
10% most volatile stocks in AU Market	17.3%
10% least volatile stocks in AU Market	3.4%

Stable Share Price: PNM's share price has been volatile over the past 3 months compared to the Australian market.

Volatility Over Time: Insufficient data to determine PNM's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1996	n/a	Geoff Hiller	pacificnickel.com

Pacific Nickel Mines Limited explores for and develops nickel deposits in Solomon Islands. Its principal properties include the Jejevo and Kolosori nickel projects located on Santa Isabel Island. The company was formerly known as Malachite Resources Limited and changed its name to Pacific Nickel Mines Limited in November 2020.

Pacific Nickel Mines Limited Fundamentals Summary

How do Pacific Nickel Mines's earnings and revenue compare to its market cap?
PNM fundamental statistics
Market cap	AU$10.10m
Earnings (TTM)	-AU$14.37m
Revenue (TTM)	AU$11.87m

0.9x

P/S Ratio

-0.7x

P/E Ratio

Is PNM overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
PNM income statement (TTM)
Revenue	AU$11.87m
Cost of Revenue	AU$18.27m
Gross Profit	-AU$6.40m
Other Expenses	AU$7.97m
Earnings	-AU$14.37m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.034
Gross Margin	-53.94%
Net Profit Margin	-121.06%
Debt/Equity Ratio	1,037.0%

How did PNM perform over the long term?

See historical performance and comparison

PNM Stock Overview

Risk Analysis

Pacific Nickel Mines Limited Competitors

ASX:EQE

AU$10.8m

ASX:RAG

AU$9.5m

ASX:NIM

AU$7.3m

ASX:AUQ

AU$24.4m

Price History & Performance

Recent News & Updates

Pacific Nickel Mines Limited Announces Resignation of Geoff Hiller as Chief Executive Officer

Pacific Nickel Mines Limited, Annual General Meeting, Nov 29, 2024

Pacific Nickel Mines Limited Announces Change of Company Secretary

Greg Foulis Resigns as Director of Pacific Nickel Mines Limited

New minor risk - Share price stability

New minor risk - Share price stability

Recent updates

Pacific Nickel Mines Limited Announces Resignation of Geoff Hiller as Chief Executive Officer

Pacific Nickel Mines Limited, Annual General Meeting, Nov 29, 2024

Pacific Nickel Mines Limited Announces Change of Company Secretary

Greg Foulis Resigns as Director of Pacific Nickel Mines Limited

New minor risk - Share price stability

New minor risk - Share price stability

Technical Director & Director exercised options to buy AU$90k worth of stock.

Pacific Nickel Mines Limited Commences Mining of Nickel Ore

Here's Why Pacific Nickel Mines (ASX:PNM) Can Afford Some Debt

Full year 2023 earnings released: AU$0.002 loss per share (vs AU$0.003 loss in FY 2022)

Pacific Nickel Mines Limited, Annual General Meeting, Nov 29, 2023

Pacific Nickel Mines Limited Announces Board Changes

First half 2023 earnings released: AU$0.001 loss per share (vs AU$0.002 loss in 1H 2022)

Pacific Nickel Mines Limited Provides an Update on Its Two Direct Shipping Ore Nickel Projects in the Solomon Islands

Pacific Nickel Mines Limited has completed a Follow-on Equity Offering in the amount of AUD 5.275 million.

Pacific Nickel Mines Limited Updates Kolosori Resource Estimate Delivers Increased Nickel

Pacific Nickel Mines Limited Provides an Update on Activities at its Kolosori Direct Shipping Nickel Ore Project in the Solomon Islands

Less than half of directors are independent

Full year 2022 earnings released: AU$0.003 loss per share (vs AU$0.017 loss in FY 2021)

Pacific Nickel Mines Limited, Annual General Meeting, Nov 29, 2022

Pacific Nickel Mines Limited Provides Kolosori Nickel Project Update

Pacific Nickel Consolidates Coverage of Additional Lateritic Nickel Deposits and Kolosori Project Update

Less than half of directors are independent

Pacific Nickel Mines Limited Provides Kolosori Nickel Project Update

First half 2022 earnings: Revenues and EPS in line with analyst expectations

Pacific Nickel Mines Limited Provides Update on Early Works Program to Advance the Kolosori Nickel Project on Isabel Island, Solomon Islands

Pacific Nickel Mines Limited Provides an Update on the Early Works Program to Advance the Kolosori Nickel Project on Isabel Island, Solomon Islands

Pacific Nickel Mines Limited Provides an Update on the Early Works Program to Advance the Kolosori Nickel Project on Isabel Island, Solomon Islands

Pacific Nickel Mines Limited Announces Development Consent for the Kolosori Nickel Project

It's Unlikely That The CEO Of Pacific Nickel Mines Limited (ASX:PNM) Will See A Huge Pay Rise This Year

Pacific Nickel Mines Limited Completes Initial JORC (2012) Mineral Resource Estimate for Prospecting Licence PL 01/18 (Jejevo Tenement) on Isabel Island

Full year 2021 earnings released: AU$0.016 loss per share (vs AU$0.23 loss in FY 2020)

Pacific Nickel Mines Limited Announces Assay Results from the 26 Holes Drilled at the Jejevo Nickel Dso (Direct Shipping Ore) Project Earlier This Year

Pacific Nickel Mines Limited Releases A New Announcement

Pacific Nickel Mines Limited Commences Drilling at Kolosori Nickel Project

Pacific Nickel Mines Limited completed the acquisition of 80% stake in Kolosori Nickel Limited.

Pacific Nickel Mines Limited Provides an Update on Its Nickel Laterite DSO (Direct Shipping Ore) Projects in the Solomon Islands

First half 2021 earnings released: AU$0.014 loss per share (vs AU$0.05 loss in 1H 2020)

Pacific Nickel Mines Limited Commences Engineering Studies on the Kolosori Nickel DSO Project

Pacific Nickel Mines Limited Announces Kolosori Nickel Project - Planned Drilling & 2021 Pre-Development Activities Update

Pacific Nickel Mines Limited Announces Jejevo Nickel Project Drilling Update

Does Pacific Nickel Mines' (ASX:PNM) CEO Salary Compare Well With The Performance Of The Company?

Lorena Gold Mine Pty Ltd completed the acquisition of Volga Elderberry Pty. Limited from Malachite Resources Limited (ASX:MAR).

Malachite Resources Limited Announces to Provide an Update on Activities At the Jejevo Nickel Project in the Solomon Islands

Malachite Resources Limited Provides Initial Resource Estimate at Kolosori Project, Solomon Islands

Malachite Resources Limited (ASX:MAR) completed the acquisition of remaining 85% stake in Sunshine Minerals Limited.

Malachite Resources Limited to Commence Drilling at Solomon Islands Nickel Project

Full year earnings released

Malachite Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.611 million.

Malachite Resources Limited (ASX : MAR) has signed a Term Sheet to acquire 80% stake in Kolosori Nickel Limited for AUD2 million.

Malachite Resources Limited announced that it has received AUD 0.625 million in funding

Malachite Resources Limited announced that it expects to receive AUD 0.725 million in funding

Lorena Gold Mine Pty Ltd entered into a share sale agreement to acquire Volga Elderberry Pty. Limited from Malachite Resources Limited (ASX:MAR) for AUD 0.18 million.

Malachite Resources Limited (ASX:MAR) entered into a term sheet to acquire remaining 85% stake in Sunshine Minerals Limited for $2.3 million.

Shareholder Returns

Price Volatility

About the Company

Pacific Nickel Mines Limited Fundamentals Summary

0.9x

-0.7x