Magna Mining (TSXV:NICU) - Stock Price, News & Analysis

NICU Stock Overview

Magna Mining Inc. engages in the acquisition, exploration, and development of mineral properties in Canada.

NICU fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	0/6
Financial Health	3/6
Dividends	0/6

Rewards

Risk Analysis

Has less than 1 year of cash runway

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

Currently unprofitable and not forecast to become profitable over the next 3 years

Shareholders have been diluted in the past year

+ 1 more risk

Magna Mining Inc. Competitors

Li-FT Power

TSXV:LIFT

CA$132.5m

Rock Tech Lithium

TSXV:RCK

CA$116.4m

Trilogy Metals

TSX:TMQ

CA$86.5m

Century Lithium

TSXV:LCE

CA$116.7m

Price History & Performance

Summary of all time highs, changes and price drops for Magna Mining
Historical stock prices
Current Share Price	CA$0.78
52 Week High	CA$0.97
52 Week Low	CA$0.37
Beta	2.48
1 Month Change	50.00%
3 Month Change	90.24%
1 Year Change	-15.22%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	36.84%

Recent updates

Shareholder Returns

	NICU	CA Metals and Mining	CA Market
7D	13.0%	-1.8%	0.7%
1Y	-15.2%	-6.2%	5.5%

Price Volatility

Is NICU's price volatile compared to industry and market?
NICU volatility
NICU Average Weekly Movement	11.3%
Metals and Mining Industry Average Movement	11.4%
Market Average Movement	9.1%
10% most volatile stocks in CA Market	18.2%
10% least volatile stocks in CA Market	3.0%

Stable Share Price: NICU's share price has been volatile over the past 3 months.

Volatility Over Time: NICU's weekly volatility (11%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2016	n/a	Jason Jessup	magnamining.com

Magna Mining Inc. engages in the acquisition, exploration, and development of mineral properties in Canada. The company primarily explores for nickel, copper, and platinum group metal deposits. Its flagship property is 100% owned the Shakespeare Mine consisting of 29 patented claims, 3 leased claims, and 787 mining claims covering an area of 18074.94 hectares located in Sudbury, Canada.

Magna Mining Inc. Fundamentals Summary

How do Magna Mining's earnings and revenue compare to its market cap?
NICU fundamental statistics
Market cap	CA$117.63m
Earnings (TTM)	-CA$25.64m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-5.0x

P/E Ratio

Is NICU overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NICU income statement (TTM)
Revenue	CA$0
Cost of Revenue	CA$409.77k
Gross Profit	-CA$409.77k
Other Expenses	CA$25.23m
Earnings	-CA$25.64m

Last Reported Earnings

Sep 30, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	-0.16
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0.3%

How did NICU perform over the long term?

See historical performance and comparison

NICU Stock Overview

Rewards

Risk Analysis

Magna Mining Inc. Competitors

TSXV:LIFT

CA$132.5m

TSXV:RCK

CA$116.4m

TSX:TMQ

CA$86.5m

TSXV:LCE

CA$116.7m

Price History & Performance

Recent News & Updates

Magna Mining Inc., Annual General Meeting, Jun 20, 2024

Magna Mining Inc. Provides Additional Drilling Results from the 2024 Exploration Program at Crean Hill

New minor risk - Profitability

Magna Mining Inc. Provides an Update on the 2024 Exploration Activities

Magna Mining Inc. Appoints Jeff Huffman as Chief Operating Officer

Independent Director exercised options to buy CA$80k worth of stock.

Recent updates

Magna Mining Inc., Annual General Meeting, Jun 20, 2024

Magna Mining Inc. Provides Additional Drilling Results from the 2024 Exploration Program at Crean Hill

New minor risk - Profitability

Magna Mining Inc. Provides an Update on the 2024 Exploration Activities

Magna Mining Inc. Appoints Jeff Huffman as Chief Operating Officer

Independent Director exercised options to buy CA$80k worth of stock.

Forecast to breakeven in 2025

Independent Director exercised options to buy CA$68k worth of stock.

Price target decreased by 7.8% to CA$1.76

Magna Mining Inc. Intersects 5% Nickel Equivalent over 7 Metres in the 105 Footwall Zone at Crean Hill

Price target decreased by 12% to CA$1.97

Magna Mining Completes Preliminary Economic Assessment on the Crean Hill Project

Magna Mining Inc. Releases Additional Assay Results from the Ongoing 2023 Diamond Drilling Program

New major risk - Financial position

Magna Mining Inc. Announces That Derrick Weyrauch Did Not Stand for Re-Election as A Director of the Company

Magna Mining Announces High-Grade Intercepts Near Surface in the 109 Footwall Zone

Magna Mining Inc. Reports New Assay Results from Crean Hill

Magna Mining Inc. announced that it has received CAD 17.949998 million in funding from Dundee Resources Limited

Magna Mining Inc. announced that it expects to receive CAD 15.999998 million in funding

Mineralization Intersects over 98M Including 3.7% Ni, 2.8% Cu and 20.2 G/T Pt+Pd+Au over 7.1M

Magna Mining Inc Announces Additional Assays Received from the November 2022 Drill Program at Crean Hill

Magna Mining Inc. Intersects 3.8% Nickel, 1.8% Copper, & 0.5 g/t PT+PD+AU over 10.8 Metres, Including 6.0% Nickel, 0.3% Copper, & 0.7 g/t Pt+PD+AU over 5.8 Metres

Magna Mining Inc. (TSXV:NICU) acquired Shining Tree Nickel Project in Ontario.

Magna Mining Inc. Announces That Drilling Has Commenced At the Crean Hill Mine, Part of the Denison Project

Price target increased to CA$1.50

Less than half of directors are independent

Magna Mining Announces Initial Mineral Resource Estimate on the Denison Project Containing A Total Indicated Mineral Resource of over 31 Million Tonnes

Magna Mining Inc. announced that it has received CAD 20.014792 million in funding

Magna Mining Inc. Announces the Assay Results from Recent Drilling At the Shakespeare Mine

Magna Mining Inc. announced that it has received CAD 20.014792 million in funding from Hawke's Point Holdings II Limited and others

Magna Mining Inc. announced that it expects to receive CAD 20 million in funding

Price target decreased to CA$1.00

Less than half of directors are independent

Magna Mining Inc. (TSXV:NICU) entered into a definitive share purchase agreement to acquire 100% of Lonmin Canada Inc. from Sibanye UK Limited, Wallbridge Mining Company Limited (TSX:WM) and certain other minority shareholders of Loncan for $16 million.

Magna Mining Inc. (TSXV:NICU) entered into a definitive share purchase agreement to acquire 100% of Lonmin Canada Inc. from Sibanye UK Limited, Wallbridge Mining Company Limited (TSX:WM) and certain other minority shareholders of Loncan for $16 million.

Less than half of directors are independent

Magna Mining Inc. Announces the Appointment of Jonathan Goodman to its Board of Directors

Magna Mining Inc., Annual General Meeting, May 30, 2022

Magna Mining Inc.'s Shakespeare Nickel Project Feasibility Study Demonstrates Positive Economics and Carbon Neutral Nickel Mining Operation

Magna Mining Inc's Shakespeare Nickel Project Feasibility Study Demonstrates Positive Economics and Carbon Neutral Nickel Mining Operation

Magna Mining Inc. Announces the Assay Results from Nine Holes Drilled At the Shakespeare Mine During the 2021 Drilling Program

Magna Mining Inc. Reports New Nickel - Copper - PGM Discovery at the Shakespeare Project, Ontario, Canada

Magna Mining Reports High Grade Surface Samples on the Baldwin Patents Portion of the Shakespeare Ni-Cu-PGM Project, Ontario, Canada

Magna Mining Inc. Updates on Exploration Activities At the Shakespeare Nickel-Copper-Pgm Project

Magna Mining's Initial 2021 Drilling Intersects 33.8 Metres of Ni-Cu-PGM Mineralization in the Gap Zone at the Shakespeare Project, Ontario, Canada

Magna Mining Inc. (TSXV:NICU) agreed to acquire 50% stake in Eight Patented claims in Baldwin Township for CAD 0.08 million

Magna Mining Corp. Commences the Planned 9,000 Metre, Phase I Drilling Program At Its Shakespeare Project, Located Near Sudbury, Ontario

Shareholder Returns

Price Volatility

About the Company

Magna Mining Inc. Fundamentals Summary

0.0x

-5.0x

Earnings & Revenue