CSE

Nine Mile Metals Ltd.

NINE.CN•Basic Materials•Other Industrial Metals & Mining
Current Price
$0.12
Today's Change
-11.11%
Market Cap
$26.32M
Volume
666.96K
⛏️

Commodity Exposure

Diversified Mining

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Industry Context

Diversified miners balance commodity exposure. Operating margins vary significantly by commodity mix.

💡 Quick Take

Nine Mile Metals Ltd. focuses on the acquisition, development, and exploration of mineral properties in Canada, targeting lead, zinc, copper, silver, and gold. The company faces concerns with a low financial health score of 50, negative returns on equity and assets, and a current ratio of 0.29, indicating liquidity issues. However, it has no debt, which is a strength. The stock's recent decline of 11.11% may reflect market apprehension about its financial stability and growth prospects. Overall, while the lack of debt is positive, the liquidity and profitability challenges warrant caution.

Based on 22 data points⚠️Not financial advice

📊 Key Metrics

52 Week High$0.28
52 Week Low$0.01
Avg Volume639.76K
Beta1.37
Shares Outstanding194.96M

🔥 Valuation

Market Cap$26.32M
Enterprise Value$22.38M
P/E Ratio-4.19
EV/EBITDA ⚠️-2.43x
Dividend Yield0.00%

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🚩 Red Flags

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Cash Runway Critical

Company has $2K in cash but burned $276K last quarter. At this burn rate, only 0.0 quarters of runway remain without additional financing.

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Significant Losses

Company posted a loss of $-1.3M over the last year, representing Infinity% of revenue.

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Persistent Cash Burn

Operating cash flow has been negative for 3 consecutive quarters, burning $1.1M over the last year.

🌟 Opportunities

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Debt-free balance sheet with a solid cash position, providing significant financial flexibility.

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