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Market Cap: CA$32.54M

Mene Inc., with a market cap of CA$32.54 million, reported Q3 2024 sales of CA$5.39 million, showing growth from the previous year. The company is debt-free and has a cash runway exceeding three years due to positive free cash flow, despite being unprofitable. Its short-term assets comfortably cover both short and long-term liabilities, indicating solid financial health. However, Mene's share price remains highly volatile compared to other Canadian stocks. The management team is relatively new with an average tenure of 1.4 years, while the board is more experienced at 6.2 years on average.

• Click to explore a detailed breakdown of our findings in Mene's financial health report.

• Explore historical data to track Mene's performance over time in our past results report.

XXIX Metal

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

Overview: XXIX Metal Corp. is involved in the exploration, development, and production of mineral properties in Canada with a market cap of CA$20.05 million.

Operations: XXIX Metal Corp. currently does not report any specific revenue segments.

Market Cap: CA$20.05M

XXIX Metal Corp., with a market cap of CA$20.05 million, is pre-revenue and focuses on mineral exploration in Canada, notably at the Opemiska Project. Recent announcements highlight a 20-hole drill program at the Saddle Zone to expand high-grade mineralization, potentially enhancing resource estimates by converting waste into ore. The company has no long-term liabilities and maintains a cash runway exceeding three years despite being unprofitable. Its short-term assets significantly outweigh its liabilities, indicating financial stability. Management and board members are experienced with average tenures of 4.1 and 6.8 years respectively, providing seasoned oversight amidst ongoing exploration efforts.

• Navigate through the intricacies of XXIX Metal with our comprehensive balance sheet health report here.

• Evaluate XXIX Metal's historical performance by accessing our past performance report.

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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 TSXV:GRSL TSXV:MENE and TSXV:XXIX.

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