Patriot Battery Metals (TSX:PMET) - Stock Price, News & Analysis

PMET Stock Overview

Patriot Battery Metals Inc. engages in the identification, evaluation, acquisition, and exploration of mineral properties.

About the company

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

Rewards

Became profitable this year

Analysts in good agreement that stock price will rise by 127.2%

Risk Analysis

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

Earnings are forecast to decline by an average of 51.6% per year for the next 3 years

High level of non-cash earnings

Shareholders have been diluted in the past year

Patriot Battery Metals Inc. Competitors

Altius Minerals

TSX:ALS

CA$981.5m

Lithium Americas (Argentina)

TSX:LAAC

CA$1.1b

Major Drilling Group International

TSX:MDI

CA$757.3m

Solaris Resources

TSX:SLS

CA$745.0m

Price History & Performance

Summary of all time highs, changes and price drops for Patriot Battery Metals
Historical stock prices
Current Share Price	CA$7.14
52 Week High	CA$17.74
52 Week Low	CA$5.77
Beta	1.19
1 Month Change	-17.84%
3 Month Change	-6.79%
1 Year Change	-43.15%
3 Year Change	2,875.00%
5 Year Change	164.44%
Change since IPO	-96.98%

Recent updates

Shareholder Returns

	PMET	CA Metals and Mining	CA Market
7D	-14.1%	0.7%	-2.2%
1Y	-43.2%	-7.3%	3.9%

Return vs Industry: PMET underperformed the Canadian Metals and Mining industry which returned -5.8% over the past year.

Return vs Market: PMET underperformed the Canadian Market which returned 4.7% over the past year.

Price Volatility

Is PMET's price volatile compared to industry and market?
PMET volatility
PMET Average Weekly Movement	12.4%
Metals and Mining Industry Average Movement	11.5%
Market Average Movement	9.2%
10% most volatile stocks in CA Market	18.3%
10% least volatile stocks in CA Market	3.2%

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

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

About the Company

Founded	Employees	CEO	Website
2007	9	Ken Brindsen	patriotbatterymetals.com

Patriot Battery Metals Inc. engages in the identification, evaluation, acquisition, and exploration of mineral properties. The company primarily explores for gold, copper, silver, platinum, and lithium deposits. Its flagship properties include Corvette- FCI project comprising 417 claims totaling 21,357 hectares located in Quebec.

Patriot Battery Metals Inc. Fundamentals Summary

How do Patriot Battery Metals's earnings and revenue compare to its market cap?
PMET fundamental statistics
Market cap	CA$995.65m
Earnings (TTM)	CA$228.00k
Revenue (TTM)	n/a

4,248x

P/E Ratio

0.0x

P/S Ratio

Is PMET overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
PMET income statement (TTM)
Revenue	CA$0
Cost of Revenue	CA$0
Gross Profit	CA$0
Other Expenses	-CA$228.00k
Earnings	CA$228.00k

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	0.0017
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0%

How did PMET perform over the long term?

See historical performance and comparison

PMET Stock Overview

Rewards

Risk Analysis

Patriot Battery Metals Inc. Competitors

TSX:ALS

CA$981.5m

TSX:LAAC

CA$1.1b

TSX:MDI

CA$757.3m

TSX:SLS

CA$745.0m

Price History & Performance

Recent News & Updates

Patriot Battery Metals Inc. Discovers New Spodumene-Pegmatite Occurrence (CV14) at Corvette, Quebec, Canada

New major risk - Revenue and earnings growth

Price target decreased by 9.5% to CA$16.60

New major risk - Revenue and earnings growth

Patriot Battery Metals Inc. Extends Strike of the CV5 Pegmatite, Drills 34.2 m at 1.06% Li2O in Step-Out Hole and 11.6 M at 3.25% Li2O in Infill Hole, Quebec, Canada

Patriot Battery Metals Inc. Announces Additional Drill Results from the 2023 Program Completed At the CV13 Spodumene Pegmatite At the Corvette Property

Recent updates

Patriot Battery Metals Inc. Discovers New Spodumene-Pegmatite Occurrence (CV14) at Corvette, Quebec, Canada

New major risk - Revenue and earnings growth

Price target decreased by 9.5% to CA$16.60

New major risk - Revenue and earnings growth

Patriot Battery Metals Inc. Extends Strike of the CV5 Pegmatite, Drills 34.2 m at 1.06% Li2O in Step-Out Hole and 11.6 M at 3.25% Li2O in Infill Hole, Quebec, Canada

Patriot Battery Metals Inc. Announces Additional Drill Results from the 2023 Program Completed At the CV13 Spodumene Pegmatite At the Corvette Property

Patriot Drills 56.6 M At 1.37% Li2O in Step-Out Hole and Completes Final Hole of 2023 Program At the CV5 Pegmatite, Quebec, Canada

Patriot Battery Metals Inc. Announces Corvette Project Approvals Process Commences with Submission of the Preliminary Information Statement

Patriot Battery Metals Inc. Makes New Discovery at the Corvette Property as It Intercepts 100 M of Spodumene Bearing Pegmatite at CV9, Quebec, Canada

Vice President of Exploration exercised options and sold CA$461k worth of stock

Patriot Battery Metals Inc. (TSXV:PMET) acquired Two Proximal Claim Blocks in the Eeyou Istchee James Bay Region, Quebec for CAD 1.7 million.

Patriot Discovers New High-Grade Zone At the Cv13 Spodumene Pegmatite, Corvette Property, Quebec, Canada

Patriot Battery Metals Inc. Announces Appointment of Olivier Caza-Lapointe as Head of Investor Relations

Vice President of Environment recently bought CA$124k worth of stock

Patriot Battery Metals Inc. Extends Strike Length to 4.35 Km At the Cv5 Spodumene Pegmatite, Corvette Property, Quebec, Canada

High number of new and inexperienced directors

Patriot Battery Metals Inc. Provides Drill Program Update at its Corvette Property, Quebec, Canada

Patriot Battery Metals Inc. Provides Operations Update for its Corvette Property, Quebec, Canada

Patriot Battery Metals Inc. announced that it has received CAD 108.992334 million in funding from Albemarle Corporation

Osisko Gold Royalties Ltd. Congratulates Patriot Battery Metals Inc. on Its Maiden Mineral Resource Estimate At Corvette & Subsequent Strategic Investment by Albemarle Corporation

Patriot Battery Metals Inc. announced that it has received CAD 108.992334 million in funding from Albemarle Corporation

Patriot Battery Metals Inc. announced that it has received CAD 108.992334 million in funding from Albemarle Corporation

Patriot Provides Operational Update for the Corvette Property, Quebec, Canada

Patriot Battery Metals Inc., Annual General Meeting, Sep 19, 2023

Patriot Battery Metals Inc. Announces Final Core Assay Results from its 2023 Winter Drill Program at the CV5 Pegmatite, Corvette Property, Quebec, Canada

Patriot Battery Metals Inc. Announces the Results of Preliminary Heavy Liquid Separation Testwork on CV13 Pegmatite Core Samples

Patriot Battery Metals Reportedly Taps Macquarie Capital for A Deal

Patriot Battery Metals Inc. Provides Operational Update on the Work Programs At the Corvette Property, Quebec, Canada

Patriot Battery Metals Inc. Announces Core Assays for the Next Series of Drill Holes Completed as Part of the 2023 Winter Drill Program

Patriot Battery Metals Inc. Announces Board Changes

Patriot Battery Metals Inc. Provides Operational Update on the Work Programs At the Corvette Property, Quebec, Canada

Patriot Provides Operational Update on the Work Programs At the Corvette Property, Quebec, Canada

Price target increased by 8.2% to CA$17.71

Patriot Battery Metals Inc. Announces Additional High-Grade Nova Zone, at the CV5 Pegmatite, Corvette Property, Quebec, Canada

Chief Financial Officer recently bought CA$198k worth of stock

Price target increased by 16% to CA$16.21

Patriot Battery Metals Inc. Announces Assay Results from Its 2022 Drill and Surface Exploration Programs over the CV13 Pegmatite Cluster At Its Corvette Property

Patriot Battery Metals Inc. Provides an Update on the 2023 Drill Campaign

Less than half of directors are independent

Patriot Battery Metals Announces Core Assay Results for the Final Ten Drill Holes Completed At the Cv5 Pegmatite from Its 2022 Drill Campaign At Its Wholly Owned Corvette Property, Located in the James Bay Region of Quebec

Vice President Environment recently bought CA$87k worth of stock

Patriot Battery Metals Inc. Announces Board Changes

Patriot Battery Metals Inc. Announces CFO Changes

Price target increased by 12% to CA$10.34

Patriot Battery Metals Inc. Drills Highest Grade Lithium Drill Intercept to Date – 156.9 M Interval of 2.12% Li2o, Including 25.0 M of 5.04% Li2o – At the Cv5 Pegmatite, Quebec, Canada

Patriot Battery Metals Inc. Commences Quebec’s Large 2023 Lithium Focused Drill Campaign at the Corvette Property

Patriot Battery Metals Inc. Announces Results of Preliminary Dense Media Separation Testwork on Drill Core Material Collected from CV5 Spodumene Pegmatite at Corvette Property, Quebec

Patriot Battery Metals Inc. Announces Core Assay Results for Twelve Additional Drill Holes from its 2022 Drill Campaign at its Wholly Owned Corvette Property, Located in James Bay Region of Quebec

Patriot Battery Metals Inc. Appoints Ken Brinsden as Director

High number of new and inexperienced directors

Independent Non-Executive Chairman recently bought CA$88k worth of stock

Patriot Battery Metals Inc. Provides Exploration Update

Patriot Drills 104.5 m of 0.97% Li2O and 61.9 m of 1.42% Li2O, and Extends Strike Length of Mineralization to 2.2 km at the CV5 Pegmatite, Corvette Property, Quebec

Patriot Battery Metals Inc. announced that it has received CAD 20.000146 million in funding

Patriot Battery Metals Inc., Annual General Meeting, Nov 21, 2022

Patriot Battery Metals Inc. Provides an Update on the 2022 Drill Campaign At Its Wholly Owned Corvette Property, Located in the James Bay Region of Quebec

Patriot Battery Metals Inc. announced that it expects to receive CAD 20.000146 million in funding

Patriot Battery Metals Inc. announced that it expects to receive CAD 20.000146 million in funding from PearTree Securities Inc.

Patriot Battery Metals Inc. (TSXV:PMET) acquired Pontois West Property in James Bay Region of Quebec for CAD 1.6 million.