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Operations: The company generates revenue of CA$10.65 million from its oil and gas exploration and production activities.

Market Cap: CA$424.21M

Coelacanth Energy Inc., with a market cap of CA$424.21 million, remains unprofitable but has demonstrated significant revenue growth, reporting CA$7.31 million for the nine months ended September 30, 2024. The company is debt-free and its short-term assets significantly exceed both short-term and long-term liabilities, indicating a stable financial position despite having less than a year of cash runway based on current free cash flow trends. Recent operational progress includes successful testing of new wells at the Two Rivers East Project, which exceeded expectations in oil production rates, enhancing future potential output capabilities.

• Click here to discover the nuances of Coelacanth Energy with our detailed analytical financial health report.

• Gain insights into Coelacanth Energy's past trends and performance with our report on the company's historical track record.

Thor Explorations

Simply Wall St Financial Health Rating: ★★★★☆☆

Overview: Thor Explorations Ltd., along with its subsidiaries, operates as a gold producer and explorer, with a market capitalization of CA$226.69 million.

Operations: The company's revenue is primarily generated from the Segilola Mine Project, which contributed $150.41 million.

Market Cap: CA$226.69M

Thor Explorations Ltd., with a market cap of CA$226.69 million, has shown robust financial performance, primarily driven by its Segilola Mine Project, generating US$150.41 million in revenue. The company has reported strong earnings growth over the past five years and maintains high-quality earnings with a net profit margin of 33.2%. Despite short-term liabilities exceeding short-term assets, Thor's debt is well-covered by operating cash flow. Recent drilling results at Segilola have been promising, indicating potential resource expansion and supporting continued exploration efforts to extend the mine's life and production capacity further.

• Get an in-depth perspective on Thor Explorations' performance by reading our balance sheet health report here.

• Gain insights into Thor Explorations' outlook and expected performance with our report on the company's earnings estimates.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include TSX:GRA TSXV:CEI and TSXV:THX.

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