Risk factor
Very poor trading liquidity
Profitability factor
Very low or no dividends
About
Nickel 28 Capital Corp. is a Toronto, Canada-based enterprise, incorporated in 2019, specializing in base metals. The company maintains an 8.56% joint venture interest in the Ramu Nickel-Cobalt operation, located in Papua New Guinea. Furthermore, its assets include a collection of 13 royalty agreements pertaining to nickel and cobalt exploration and development ventures across Canada, Australia, and Papua New Guinea. Looking ahead, Nickel 28 aims to strategically expand its holdings by acquiring streams, royalties, and direct interests in mineral properties focused on battery metals. The firm adopted its current name in March 2021, having formerly been recognized as Conic Metals Corp.
Company Valuation
Based on key historical and expected multiples, the stock is slightly undervalued relative to its peers. Specifically, the stock is fairly valued on P/E, overvalued on EV