Canadian North Resources (TSXV:CNRI) - Stock Price, News & Analysis

CNRI Stock Overview

Engages in the exploration and development of mineral properties in Canada. More details

CNRI fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	0/6
Financial Health	4/6
Dividends	0/6

Risk Analysis

Earnings have declined by 54.8% per year over past 5 years

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

Has less than 1 year of cash runway

Shareholders have been diluted in the past year

+ 1 more risk

Canadian North Resources Inc. Competitors

Blackrock Silver

TSXV:BRC

CA$120.1m

Nevada King Gold

TSXV:NKG

CA$113.4m

Rock Tech Lithium

TSXV:RCK

CA$112.4m

Luca Mining

TSXV:LUCA

CA$105.1m

Price History & Performance

Summary of all time highs, changes and price drops for Canadian North Resources
Historical stock prices
Current Share Price	CA$0.95
52 Week High	CA$2.05
52 Week Low	CA$0.85
Beta	-1.8
11 Month Change	-7.77%
3 Month Change	-8.65%
1 Year Change	-51.78%
33 Year Change	n/a
5 Year Change	n/a
Change since IPO	-42.42%

Recent updates

We're Keeping An Eye On Canadian North Resources' (CVE:CNRI) Cash Burn Rate

Nov 03

We're Not Very Worried About Canadian North Resources' (CVE:CNRI) Cash Burn Rate

Jul 07

Shareholder Returns

	CNRI	CA Metals and Mining	CA Market
7D	-4.0%	5.6%	1.3%
1Y	-51.8%	31.8%	23.1%

Return vs Industry: CNRI underperformed the Canadian Metals and Mining industry which returned 30% over the past year.

Return vs Market: CNRI underperformed the Canadian Market which returned 21.7% over the past year.

Price Volatility

Is CNRI's price volatile compared to industry and market?
CNRI volatility
CNRI Average Weekly Movement	12.0%
Metals and Mining Industry Average Movement	10.5%
Market Average Movement	8.3%
10% most volatile stocks in CA Market	17.8%
10% least volatile stocks in CA Market	2.9%

Stable Share Price: CNRI has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: CNRI's weekly volatility (12%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2013	n/a	Kaihui Yang	cnresources.com

Canadian North Resources Inc. engages in the exploration and development of mineral properties in Canada. The company primarily explores for nickel, copper, cobalt, palladium, platinum, and rhodium deposits. Its flagship property is in the Ferguson Lake property comprising 10 contiguous mining leases covering an area of 9,686 hectares located in the Kivalliq Region of Nunavut, Canada.

Canadian North Resources Inc. Fundamentals Summary

How do Canadian North Resources's earnings and revenue compare to its market cap?
CNRI fundamental statistics
Market cap	CA$119.11m
Earnings (TTM)	-CA$6.46m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-16.9x

P/E Ratio

Is CNRI overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CNRI income statement (TTM)
Revenue	CA$0
Cost of Revenue	CA$0
Gross Profit	CA$0
Other Expenses	CA$6.46m
Earnings	-CA$6.46m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.056
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0%

How did CNRI perform over the long term?

See historical performance and comparison

CNRI Stock Overview

Risk Analysis

Canadian North Resources Inc. Competitors

TSXV:BRC

CA$120.1m

TSXV:NKG

CA$113.4m

TSXV:RCK

CA$112.4m

TSXV:LUCA

CA$105.1m

Price History & Performance

Recent News & Updates

Canadian North Resources Inc. Announces the Appointment of Henderson Tse to its Board of Directors

Canadian North Resources Inc. Announces Resignation of Rick Brown as A Director

Canadian North Resources Provides Update of Technical Programs for the Ferguson Lake Project

Canadian North Resources Inc. Continues Receives the DIG Grant Awarded for its Successful Exploration Programs at Ferguson Lake Project

Canadian North Resources Files Ni 43-101 Technical Report on the Updated Mineral Resource Estimate for the Ferguson Lake Project in Nunavut, Canada

Canadian North Resources Inc. Provides an Update on Its Metallurgical Testing Programs At the Ferguson Lake Project

Recent updates

Canadian North Resources Inc. Announces the Appointment of Henderson Tse to its Board of Directors

Canadian North Resources Inc. Announces Resignation of Rick Brown as A Director

Canadian North Resources Provides Update of Technical Programs for the Ferguson Lake Project

Canadian North Resources Inc. Continues Receives the DIG Grant Awarded for its Successful Exploration Programs at Ferguson Lake Project

Canadian North Resources Files Ni 43-101 Technical Report on the Updated Mineral Resource Estimate for the Ferguson Lake Project in Nunavut, Canada

Canadian North Resources Inc. Provides an Update on Its Metallurgical Testing Programs At the Ferguson Lake Project

Insufficient new directors

New minor risk - Market cap size

Chairman recently bought CA$184k worth of stock

New major risk - Financial position

Canadian North Resources Inc. Further Extends Three Copper-Nickel-Cobalt-PGM Sulphide Mineralized Zones and Continues Unveiling Growth Potential at the Ferguson Lake Project in Canada

Chairman recently bought CA$200k worth of stock

Canadian North Resources Inc. Undertakes Upgrading NI43-101 Mineral Resources Report for the Ferguson Lake Nickel, Copper, Cobalt, Palladium and Platinum Project

Canadian North Resources Inc. Reports Initial Assay Results from Summer Drilling Program at Ferguson Lake Project in Nunavut, Canada

Canadian North Resources Announces the Completion of 21,126 Meter Diamond Drilling on Its 100% Owned Ferguson Lake Project in Canada

Canadian North Resources Inc. Receives an Additional $125,000 Grant Via DIG Program

Canadian North Resources Inc. announced that it expects to receive CAD 5.272451 million in funding

Canadian North Resources Inc. announced that it has received CAD 2.784848 million in funding

Canadian North Resources Inc. Reports Assay Results from the Spring Drilling Program Lake Project in Nunavut, Canada

Chairman recently bought CA$110k worth of stock

Chairman recently bought CA$221k worth of stock

Canadian North Resources Inc. Starts the Summer Phase of its 20,000-Meter Drill Program at the Ferguson Lake Nickel, Copper, Cobalt, Palladium and Platinum Project in Nunavut, Canada

Canadian North Resources Inc. Surface Sampling Identifies New Nickel-Copper-Cobalt-Palladium-Platinum Mineralized Areas At Its Ferguson Lake Project and Gold-Copper Mineralization At the Mac Island and Quartzite Lake Prospects

Canadian North Resources Inc. announced that it expects to receive CAD 9.996963 million in funding

High number of new and inexperienced directors

We're Keeping An Eye On Canadian North Resources' (CVE:CNRI) Cash Burn Rate

Canadian North Resources Inc. Completes 18,144 Meters Drilling At Its Ferguson Lake Nickel, Copper, Cobalt, Palladium and Platinum Project in Canada

Canadian North Resources Inc. Reports Assay Results for First 28 Holes Totalling 7,594 Metres of Drilling Program at its 100% Owned Ferguson Lake Property

Canadian North Resources Inc., Annual General Meeting, Oct 27, 2022

We're Not Very Worried About Canadian North Resources' (CVE:CNRI) Cash Burn Rate

Canadian North Resources Inc. Provides an Update on Ferguson Lake Base Metal and Platinum Group Metal Project in Nunavut, Canada

Canadian North Resources Inc. Announces Updated Mineral Resources for Its 100% Owned Ferguson Lake Project in Canada

Canadian North Resources Inc. Confirms High-Grade Nickel-Copper Massive Sulfides and High-Grade Palladium-Platinum Low-Sulfide Mineralization Zones at Ferguson Lake Project

No independent directors

Canadian North Resources Inc. Announces $11 Million Exploration Plan for the Ferguson Lake Nickel, Copper, Cobalt, Palladium and Platinum Project

Canadian North Resources Inc. Starts 15,000-meter Drill Program at the Ferguson Lake Nickel, Copper, Cobalt, Palladium and Platinum Project in Canada

Canadian North Resources Inc. to start NI43-101 resource estimation at the Ferguson Lake Nickel, Copper, Cobalt, Palladium and Platinum project in Canada