(NKL) Nickel 28 Capital - Ratings and Ratios

Nickel 28 Capital Corp. (V:NKL) is a Canada-based base metals company specializing in nickel and cobalt assets. The company holds a significant interest in the Ramu Nickel-Cobalt operation in Papua New Guinea, a Tier 1 nickel-cobalt mine with proven reserves. Additionally, Nickel 28 manages a diversified portfolio of nickel and cobalt royalties across projects in Canada, Australia, and Papua New Guinea. Key assets include a 1.75% NSR royalty on the Dumont nickel project in Quebec, one of the largest undeveloped nickel reserves globally, and a 1.5% NSR royalty on the Turnagain nickel project in British Columbia. The company, rebranded from Conic Metals Corp. in March 2021, is strategically positioned to capitalize on the growing demand for nickel and cobalt in the electric vehicle (EV) battery supply chain. Headquartered in Vancouver, Nickel 28 operates with a focus on generating cash flow through its royalty portfolio while maintaining exposure to operational assets.

From a technical standpoint, NKL is currently trading at CAD 0.78 with a 20-day SMA of 0.81 and a 50-day SMA of 0.79, indicating recent price consolidation. The 200-day SMA of 0.75 suggests long-term stability. The ATR of 0.02 reflects low volatility. On the fundamental side, the company has a market cap of 63.60M CAD, a P/B ratio of 0.59, and a forward P/E of 2.23, signaling undervaluation relative to book value with reasonable growth expectations. However, the negative RoE of -6.98 highlights current profitability challenges. With a strong portfolio of Tier 1 assets and increasing demand for nickel in EV batteries, Nickel 28 is well-positioned for future growth.