Nickel 28 Capital (TSXV:NKL) - Stock Price, News & Analysis

NKL Stock Overview

Operates as a base metals company. More details

NKL fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	1/6
Dividends	0/6

Risk Analysis

Debt is not well covered by operating cash flow

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

Earnings have declined by 8.5% per year over past 5 years

Does not have a meaningful market cap (CA$63M)

Nickel 28 Capital Corp. Competitors

Wallbridge Mining

TSX:WM

CA$61.0m

Power Metals

TSXV:PWM

CA$56.4m

Hannan Metals

TSXV:HAN

CA$59.0m

Atlas Salt

TSXV:SALT

CA$59.7m

Price History & Performance

Summary of all time highs, changes and price drops for Nickel 28 Capital
Historical stock prices
Current Share Price	CA$0.70
52 Week High	CA$0.96
52 Week Low	CA$0.52
Beta	1.21
11 Month Change	-12.50%
3 Month Change	0%
1 Year Change	-22.22%
33 Year Change	-22.22%
5 Year Change	60.92%
Change since IPO	79.49%

Recent updates

Nickel 28 Capital (CVE:NKL) Has Debt But No Earnings; Should You Worry?

Jul 01

Shareholder Returns

	NKL	CA Metals and Mining	CA Market
7D	-4.1%	5.6%	1.3%
1Y	-22.2%	31.8%	23.1%

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

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

Price Volatility

Is NKL's price volatile compared to industry and market?
NKL volatility
NKL Average Weekly Movement	7.4%
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: NKL has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: NKL's weekly volatility (7%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2019	n/a	Chris Wallace	www.nickel28.com

Nickel 28 Capital Corp. operates as a base metals company. The company holds interest in the Ramu Nickel-Cobalt operation located in Papua New Guinea. It also manages a portfolio of nickel and cobalt royalties on projects in Canada, Australia, and Papua New Guinea, including NSR royalty in the Dumont nickel project located in Quebec; and in the Turnagain nickel project located in British Columbia.

Nickel 28 Capital Corp. Fundamentals Summary

How do Nickel 28 Capital's earnings and revenue compare to its market cap?
NKL fundamental statistics
Market cap	CA$63.48m
Earnings (TTM)	-CA$9.69m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-6.5x

P/E Ratio

Is NKL overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NKL income statement (TTM)
Revenue	US$0
Cost of Revenue	US$0
Gross Profit	US$0
Other Expenses	US$6.94m
Earnings	-US$6.94m

Last Reported Earnings

Jul 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.078
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	52.7%

How did NKL perform over the long term?

See historical performance and comparison

NKL Stock Overview

Risk Analysis

Nickel 28 Capital Corp. Competitors

TSX:WM

CA$61.0m

TSXV:PWM

CA$56.4m

TSXV:HAN

CA$59.0m

TSXV:SALT

CA$59.7m

Price History & Performance

Recent News & Updates

Justin Cochrane Commences Lawsuit Against Nickel 28 and Current Board Members for over USD 30 Million

New major risk - Revenue and earnings growth

High number of new and inexperienced directors

Nickel 28 Capital Corp., Annual General Meeting, Aug 29, 2024

New major risk - Financial position

New minor risk - Shareholder dilution

Recent updates

Justin Cochrane Commences Lawsuit Against Nickel 28 and Current Board Members for over USD 30 Million

New major risk - Revenue and earnings growth

High number of new and inexperienced directors

Nickel 28 Capital Corp., Annual General Meeting, Aug 29, 2024

New major risk - Financial position

New minor risk - Shareholder dilution

Nickel 28 Capital (CVE:NKL) Has Debt But No Earnings; Should You Worry?

Nickel 28 and China Metallurgical Group Corporation Announces Update on Ramu Mineral Resources and Mineral Reserves

Nickel 28 Capital Corp. Announces Termination of Conor Kearns as CFO

Less than half of directors are independent

Nickel 28 Capital Corp. Provides Production Guidance for the Year 2024

Nickel 28 Capital Corp. Announces Resumes Full Production Levels At the Ramu Mine's Basumuk HPAL Plant

Nickel 28 Capital Corp. Announces Ramu Pauses Operations Following Earthquake in Madang Province

Nickel 28 Capital Corp. Announces Ramu Pauses Operations Following Earthquake in Madang Province

New minor risk - Shareholder dilution

Price target decreased by 17% to CA$1.50

Less than half of directors are independent

Nickel 28 Capital Corp. Announces Reconstitution of Board of Directors

New major risk - Revenue and earnings growth

Nickel 28 Capital Corp. Appoints C. Ian Ross as Independent Director, Member of the Nominating and Corporate Governance Committee and Compensation Committee

Pelham Investment Partners, LP managed by PART V Capital Management, LLC acquired an additional 2.2% stake in Nickel 28 Capital Corp. (TSXV:NKL) for CAD 3.4 million.

Price target increased by 13% to CA$1.80

Investor sentiment improves as stock rises 16%

Non-Executive Chairman recently bought CA$574k worth of stock

Investor sentiment improves as stock rises 25%

Non-Executive Chairman recently bought CA$53k worth of stock

Non-Executive Chairman recently bought CA$147k worth of stock

Nickel 28 Appoints Lance C. Frericks to the Board of Directors

Insufficient new directors

Price target increased to CA$1.65

Investor sentiment improved over the past week

Nickel 28 Capital Corp. Provides an Update on its 2.0% Net Smelter Return Royalty from Giga Metal’s Turnagain Nickel/Cobalt Deposit

Investor sentiment improved over the past week

Nickel 28 Capital Corp., Annual General Meeting, Aug 15, 2022

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Price target increased to CA$1.65

CFO & Corporate Secretary recently bought CA$264k worth of stock

Investor sentiment improved over the past week

Investor sentiment improved over the past week

President exercised options to buy CA$698k worth of stock.

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Price target raised to CA$1.30

New 90-day high: CA$0.83

Conic Metals Corp. Completes Independent Analysis on Greenhouse Gas Intensity for the Ramu Nickel-Cobalt Operation

New 90-day high: CA$0.53

Conic Metals Corp. Provides Production Update

New 90-day high: CA$0.49

Executive VP & Head of Strategy recently bought CA$155k worth of stock

New 90-day high: CA$0.34

Executive VP & Head of Strategy exercised options to buy CA$121k worth of stock.

New 90-day low: CA$0.23

An unknown buyer acquired 7.2% stake in Giga Metals Corporation (TSXV:GIGA) from Conic Metals Corp. (TSXV:NKL) for CAD 6.9 million.

New 90-day high - CA$0.32

New 90-day high - CA$0.24

An unknown buyer agreed to acquire Highland Pacific Resources Limited from Conic Metals Corp. (TSXV:NKL) for $5 million.

Shareholder Returns

Price Volatility