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49 North Resources Inc

Company price
0.025 CAD -0.01 ( 16.67%)
Last update at 2026-11-04T19:27:00Z
VOLUME
3110
Market Cap
4.99M

Momentum Score

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49 North Resources Inc. is a venture capital firm specializing in seed capital and early stage investments. The firm typically invests in a diversified portfolio of common shares and other securities of resource issuers including all sectors of mineral exploration as well as oil and gas exploration and production around the globe. It focuses on resource issuers with exploration programs in Saskatchewan. The firm also seeks to co-invest. 49 North Resources Inc. was founded in 2005 and is based in Saskatoon, Canada.

Source: TradingView
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Day Price Range
0.02
Low
0.03
High
52 Week Price Range
0.02
Low
0.05
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Publicly available information on 49 North Resources Inc. (FNR.V) is limited, with company filings the primary source for its business description. If the company holds exploration or development assets, investors may be attracted by early-stage upside tied to successful asset advancement or favorable commodity markets.
Material risks include limited disclosure, small-cap and early-stage company attributes—notably financing and dilution risk—illiquid TSXV trading and operational or regulatory uncertainty.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
0.03
Dividend Yield
-
Revenue TTM
0.87M
Revenue Per Share
0.01
Gross Profit TTM
0.82M
Debt / Equity
0.69
ROE
1.10%
Net Debt
5.38M
ROCE
6.58%
Diluted EPS TTM
-

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Type yearly yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Income before tax 0.48M -2.82M -8.19M -6.59M 16.03M
Net income 0.48M -2.82M -8.19M -6.59M 16.03M
Selling general administrative 0.72M 0.71M 1.10M 1.04M 1.10M
Selling and marketing expenses - 0.06M 0.07M 0.09M 0.08M
Gross profit 0.07M 0.72M 0.72M -6.19M -4.48M
Reconciled depreciation 0.05M 0.05M 0.05M 0.06M 0.06M
Ebit - -2.71M -8.18M -6.35M 16.69M
Ebitda - -2.66M -8.12M -6.29M 16.74M
Depreciation and amortization - 0.05M 0.05M 0.06M 0.06M
Operating income 0.60M -2.31M -8.18M -6.35M 16.69M
Other operating expenses - 3.48M 8.95M 0.24M 21.15M
Interest expense 0.10M 0.11M 0.11M 0.19M 0.49M
Net interest income -0.10M -0.11M -0.11M -0.19M -0.49M
Income tax expense - 0.11M 0.11M 0.19M 0.49M
Total revenue 0.12M 0.77M 0.77M -6.11M -4.46M
Total operating expenses -0.49M 3.43M 8.90M 0.16M -21.16M
Cost of revenue 0.04M 0.04M 0.04M 0.08M 0.01M
Total other income expense net -0.03M -0.00M 0.10M -0.05M -0.16M
Net income from continuing ops 0.48M -2.82M -8.19M -6.59M 16.03M
Net income applicable to common shares - - - -6.59M 16.03M
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Type yearly yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Total assets 17.91M 16.83M 19.13M 26.46M 31.79M
Other current assets - 0.85M - - -
Total liab 9.40M 8.80M 8.29M 7.73M 8.08M
Total stockholder equity 8.50M 8.03M 10.84M 18.73M 23.71M
Other current liab - 0.07M - 0.06M 0.00M
Common stock - 71.91M - 71.89M 70.88M
Capital stock 74.56M 74.55M 74.55M 74.55M 73.53M
Retained earnings -74.27M -74.75M -71.93M -63.74M -57.15M
Other assets - - - 9.33M 8.45M
Cash 0.06M 0.06M 0.04M 0.33M 0.05M
Total current liabilities 8.71M 8.11M 7.54M 6.93M 7.24M
Current deferred revenue - -0.07M - - -
Net debt 5.38M 5.44M 5.40M 5.11M 5.40M
Short term debt - 5.51M - - -
Short long term debt 5.44M 5.44M 5.44M 5.44M 5.45M
Short long term debt total - 5.51M - - -
Other stockholder equity - 8.22M - - -
Property plant equipment - - - 0.17M 0.22M
Total current assets 7.28M 7.19M 9.50M 16.97M 23.13M
Net tangible assets - - - 16.08M 21.05M
Short term investments 6.26M 6.22M 8.70M 15.91M 22.60M
Net receivables 0.05M 0.90M 0.03M 0.73M 0.48M
Inventory - 0.00M - - -
Accounts payable - 2.60M - 1.41M 0.94M
Accumulated other comprehensive income - 0.00M - - -
Non currrent assets other - 9.58M - - -
Non current assets total 10.62M 9.64M 9.63M 9.50M 8.67M
Capital lease obligations 0.00M 0.07M 0.13M 0.18M 0.22M
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Type yearly yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Investments 0.07M 0.18M 0.01M 0.47M 0.32M
Change to liabilities - - - 0.00M 0.00M
Total cashflows from investing activities - - - 0.47M 0.32M
Total cash from financing activities - 0.00M 0.00M 1.61M 1.61M
Change to operating activities - - - -0.41M 0.65M
Net income 0.48M -2.82M -8.19M -6.59M 16.03M
Change in cash -0.01M 0.02M -0.29M 0.29M -0.00M
Begin period cash flow 0.06M 0.04M 0.33M 0.05M 0.05M
End period cash flow 0.06M 0.06M 0.04M 0.33M 0.05M
Total cash from operating activities -0.07M -0.16M -0.30M -1.79M -0.33M
Issuance of capital stock - 0.00M 0.00M 1.66M -
Depreciation 0.05M 0.05M 0.05M 0.06M 0.06M
Other cashflows from investing activities - - - 0.73M -0.07M
Change to account receivables -0.00M -0.02M 0.02M -0.02M -0.00M
Other cashflows from financing activities - 0.18M 0.01M -0.06M 0.32M
Change to netincome - - - 5.16M -17.07M
Capital expenditures 0.00M 0.00M 0.00M 0.00M 0.00M
Change in working capital 0.58M 0.48M 0.54M -0.41M 0.65M
Stock based compensation - 0.00M 0.30M 0.00M 0.00M
Other non cash items -0.70M -0.66M -0.69M 5.16M -17.07M
Free cash flow -0.07M -0.16M -0.30M -1.79M -0.33M

Peer Comparison*

Sector: Financial Services Industry: Asset Management

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
FNR
49 North Resources Inc
-0.01
16.67%
0.03 - - 5.75 0.96 85.18 41.25
PVF-UN
Partners Value Investments LP
0.49
3.16%
16.00 175.06 - 5.81 - - -
CTH
CoTec Holdings Corp.
-
-%
1.05 - 0.14 368.93 3.34 36.25 23.26
PTF
Pender Growth Fund VCC Inc
-
-%
14.51 - - 5.35 0.90 6.32 29.18
SQG
Spackman Equit
0.01
4.17%
0.12 - - 6.86 2.68 4.06 -1.45

Profile*

49 North Resources Inc

49 North Resources Inc. is a venture capital firm specializing in seed capital and early stage investments. The firm typically invests in a diversified portfolio of common shares and other securities of resource issuers including all sectors of mineral exploration as well as oil and gas exploration and production around the globe. It focuses on resource issuers with exploration programs in Saskatchewan. The firm also seeks to co-invest. 49 North Resources Inc. was founded in 2005 and is based in Saskatoon, Canada.

Suite 602 ? 224 4th Avenue South, Saskatoon, SK, Canada, S7K 5M5

306 653 2692

Name Title Year Born
Mr. Thomas M. MacNeill BA (Econ), C.F.A., C.P.A., CFA, CGA, CPA Founder, Chairman, CEO & Pres 1966
Mr. Andrew B. Davidson B.Comm, C.A., CPA, CA CFO, Corp. Sec. & Director 1979
Mr. Dean Nawata Head of Bus. Devel. 1961
Mr. Thomas M. MacNeill BA (Econ), C.F.A., C.P.A., CFA, CGA, CPA Founder, Chairman, CEO, President & Director 1966
Mr. Andrew B. Davidson B.Comm, C.A., CPA, CA CFO, Corporate Secretary & Director 1980
Mr. Dean Nawata Head of Business Development 1961
Mr. Andrew B. Davidson B.Comm, C.A., CPA, CA CFO, Corporate Secretary & Director 1979
Mr. Thomas M. MacNeill BA (Econ), C.F.A., C.P.A., CGA Founder, Chairman, CEO, President & Director 1966
Mr. Andrew B. Davidson B.Comm, C.A., CPA CFO, Corporate Secretary & Director 1979

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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