How does NIX's PB Ratio compare to its peers?

NIX is good value based on its Price-To-Book Ratio (0.1x) compared to the peer average (2.1x).

How does NIX's PB Ratio compare vs other companies in the CA Metals and Mining Industry?

NIX is good value based on its Price-To-Book Ratio (0.1x) compared to the Canadian Metals and Mining industry average (1.4x).

What is NIX's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate NIX's Price-To-Book Fair Ratio for valuation analysis.

What is the Fair Price of NIX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Insufficient data to calculate NIX's fair value for valuation analysis.

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

NorthX Nickel (CNSX:NIX) - Stock Price, News & Analysis

NIX Stock Overview

Engages in the identification, acquisition, evaluation, and exploration of mineral properties. More details

NIX fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	4/6
Dividends	0/6

Risk Analysis

Has less than 1 year of cash runway

Makes less than USD$1m in revenue (CA$0)

Earnings have declined by 31.8% per year over past 5 years

Does not have a meaningful market cap (CA$3M)

+ 2 more risks

NorthX Nickel Corp. Competitors

Marvel Discovery

TSXV:MARV

CA$3.1m

Green Mining Innovation

TSXV:GMI

CA$3.0m

Sorrento Resources

CNSX:SRS

CA$3.2m

Wildsky Resources

TSXV:WSK

CA$3.1m

Price History & Performance

Summary of all time highs, changes and price drops for NorthX Nickel
Historical stock prices
Current Share Price	CA$0.11
52 Week High	CA$0.72
52 Week Low	CA$0.09
Beta	6.93
11 Month Change	-15.38%
3 Month Change	-31.25%
1 Year Change	-79.63%
33 Year Change	-99.28%
5 Year Change	n/a
Change since IPO	-88.36%

Recent updates

Shareholder Returns

	NIX	CA Metals and Mining	CA Market
7D	10.0%	6.6%	2.2%
1Y	-79.6%	32.2%	23.4%

Return vs Industry: NIX underperformed the Canadian Metals and Mining industry which returned 32.1% over the past year.

Return vs Market: NIX underperformed the Canadian Market which returned 23.4% over the past year.

Price Volatility

Is NIX's price volatile compared to industry and market?
NIX volatility
NIX Average Weekly Movement	15.7%
Metals and Mining Industry Average Movement	10.4%
Market Average Movement	8.3%
10% most volatile stocks in CA Market	17.7%
10% least volatile stocks in CA Market	2.9%

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

Volatility Over Time: NIX's weekly volatility (16%) has been stable over the past year, but is still higher than 75% of Canadian stocks.

About the Company

Founded	Employees	CEO	Website
2018	6	Tom Meyer	northxnickel.com

NorthX Nickel Corp. engages in the identification, acquisition, evaluation, and exploration of mineral properties. The company primarily explores for nickel deposits. Its flagship asset is the Grasset nickel sulphide project that consists of 153 claims blocks covering an area of 81.81 square kilometers located in the Quebec, Canada.

NorthX Nickel Corp. Fundamentals Summary

How do NorthX Nickel's earnings and revenue compare to its market cap?
NIX fundamental statistics
Market cap	CA$3.14m
Earnings (TTM)	-CA$3.72m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-0.8x

P/E Ratio

Is NIX overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NIX income statement (TTM)
Revenue	CA$0
Cost of Revenue	CA$0
Gross Profit	CA$0
Other Expenses	CA$3.72m
Earnings	-CA$3.72m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.13
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0%

How did NIX perform over the long term?

See historical performance and comparison

NIX Stock Overview

Risk Analysis

NorthX Nickel Corp. Competitors

TSXV:MARV

CA$3.1m

TSXV:GMI

CA$3.0m

CNSX:SRS

CA$3.2m

TSXV:WSK

CA$3.1m

Price History & Performance

Recent News & Updates

New major risk - Financial position

High number of new and inexperienced directors

New major risk - Shareholder dilution

NorthX Nickel Corp. announced that it has received CAD 2.275 million in funding from Wallbridge Mining Company Limited, Mason Resources Inc.

NorthX Nickel Corp. announced that it has received CAD 2.275 million in funding

Archer Exploration Corp., Annual General Meeting, Jun 25, 2024

Recent updates

New major risk - Financial position

High number of new and inexperienced directors

New major risk - Shareholder dilution

NorthX Nickel Corp. announced that it has received CAD 2.275 million in funding from Wallbridge Mining Company Limited, Mason Resources Inc.

NorthX Nickel Corp. announced that it has received CAD 2.275 million in funding

Archer Exploration Corp., Annual General Meeting, Jun 25, 2024

Archer Exploration Corp. Announces Drilling Commences for 2024 Winter Exploration Program at 100% Owned Grasset Nickel Project in Abitibi Greenstone Belt of Quebec, Canada

Archer Exploration Corp. Extends Mineralization to Depth in H1 Discovery Zone of Grasset Nickel Project

Archer Exploration Corp. announced that it has received CAD 2.03803 million in funding

New minor risk - Shareholder dilution

Archer Exploration Corp. announced that it has received CAD 2.03803 million in funding

New minor risk - Share price stability

Archer Exploration Corp. announced that it expects to receive CAD 1.5 million in funding

High number of new and inexperienced directors

Archer Exploration Down Hole EM Surveys Yield Strong Conductors At Grasset

Archer Exploration Corp. Resumes Drilling At Grasset

New major risk - Market cap size

Archer Exploration Temporarily Suspends Activity At Grasset Due to Forest Fire Risk

Archer Exploration Launches Near-Resource Drill Program at Grasset Ni-Cu-PGE Deposit

Archer Exploration Corp. Commences 2023 Winter Drilling Program at Grasset Nickel Project

Archer Exploration Corp., Annual General Meeting, Feb 24, 2023

Archer Exploration Forms Technical Advisory Committee

Less than half of directors are independent

Archer Exploration Corp. announced that it has received CAD 10.1825 million in funding

Archer Exploration Corp. Appoints Tom Meyer as Chief Executive Officer

Archer Exploration Corp. agreed to acquired 100% stake of Montclair Mining Ltd./ Nicellco Metals Limited.

Archer Exploration Corp. (CNSX:RCHR) has entered into a definitive asset purchase agreement with Wallbridge Mining Company Limited to acquire All of the nickel assets, rights and obligations of Wallbridge located in Quebec and Ontario. for CAD 53.6 million.

Less than half of directors are independent

Less than half of directors are independent

Archer Exploration Corp. Announces Board Changes

Less than half of directors are independent

No independent directors

No independent directors

Less than half of directors are independent

Archer Exploration Corp. announced that it expects to receive CAD 1.5 million in funding

Less than half of directors are independent

Archer Exploration Corp. (CNSX:RCHR) entered into a non-binding letter of intent to acquire Zanzui Nickel Project in Tanzania.

Less than half of directors are independent

Archer Exploration Corp. announced that it expects to receive CAD 1 million in funding

Shareholder Returns

Price Volatility

About the Company

NorthX Nickel Corp. Fundamentals Summary

0.0x

-0.8x

Earnings & Revenue