Nio Strategic Metals Inc., a development stage company, engages in the exploration and development of mineral properties. It explores for uranium, niobium, and iron ores deposits. The company holds interest in the Oka mining property comprising 56 claims covering an area of approximately 5,409 acres located in Quebec. It holds interest in the Great Whale Iron property consists of 27 claims covering an area of approximately 3,032 acres located in the Hudson Bay territory; and the Fafnir project comprising 129 claims covering approximately 18,860 hectares located near the northwest of Mont Laurier. The company was formerly known as Niocan Inc. and changed its name to Nio Strategic Metals Inc. in June 2022. The company was incorporated in 1995 and is headquartered in Montreal, Canada.
Research context
Niocan Inc appears in PyInvesting’s TSX Venture Stock catalogue. The price history above describes this recorded instrument; it does not by itself identify a company’s business or establish a continuous investment return.
- Currency
- CAD
- Sector
- Basic Materials
- Industry
- Other Industrial Metals & Mining
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5 years, 6 months ago
Niocan Inc is currently in a long term downtrend where the price is trading 12.9% below its 200 day moving average.
From a valuation standpoint, the stock is 38.2% cheaper than other stocks from the Basic Materials sector with a price to sales ratio of 301.1.
Niocan Inc's total revenue rose by 47.6% to $2K since the same quarter in the previous year.
Its net income has increased by 1.3% to $-105K since the same quarter in the previous year.
Finally, its free cash flow fell by 4.1% to $-54K since the same quarter in the previous year.
Based on the above factors, Niocan Inc gets an overall score of 3/5.