PMET Stock Fair Value Calculator – Patriot Battery Metals Shares Dip 2.1% After Market Close.
February 20, 2023
Trending News ☀️
Shares of Patriot Battery Metals ($TSXV:PMET) (PAT) closed 2.1% lower today. This marks the second consecutive day that PAT’s stock has trended downwards on the market. Patriot Battery Metals is a company that focuses on the development of battery metals such as cobalt and nickel, which are increasingly being used in lithium-ion batteries used in electric vehicles and other products. These batteries require a large amount of cobalt and nickel, two metals that are difficult and expensive to acquire. Patriot Battery Metals’ core mission is to acquire these metals in order to give the electric car industry access to these materials in a reliable and affordable way. This would be beneficial for both the industry, as it would make them more cost-effective, and for Patriot Battery Metals, who could reap the profits from the sale of these materials. Despite its potential, Patriot Battery Metals’ share price has been steadily declining since Monday, reaching a low of 2.1% today. Analysts attribute this to the global economic downturn, which has made investment in electric vehicle stocks less attractive.
However, it is unknown if Patriot Battery Metals will continue to dip or if its stock will recover in coming days.
Price History
At market open, the stock price for PATRIOT BATTERY METALS was CA$13.0 and closed at CA$14.3, an increase of 10.3% from the previous closing price. It is yet to be seen whether this was a fluke or further growth is expected from the company in the upcoming days. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for PMET. More…
| Total Revenues | Net Income | Net Margin |
| 0 | -8.52 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for PMET. More…
| Operations | Investing | Financing |
| -4.94 | -20.63 | 32.86 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for PMET. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 54.04 | 10.36 | 0.47 |
Key Ratios Snapshot
Some of the financial key ratios for PMET are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 0.0% | – | – |
| FCF Margin | ROE | ROA |
| – | -20.5% | -13.9% |
Analysis – PMET Stock Fair Value Calculator
We at GoodWhale have conducted an in-depth analysis of the fundamentals of PATRIOT BATTERY METALS. Through our proprietary Valuation Line Methodology, we’ve calculated that the intrinsic value of PATRIOT BATTERY METALS’ share is around CA$2.0. At present, PATRIOT BATTERY METALS’ stock is traded at CA$14.3 – this is a significant overvaluation of 620.8%. We advise potential investors to take into account the current market conditions and exercise caution when considering investing in PATRIOT BATTERY METALS. More…
Peers
Patriot Battery Metals Inc is a company that produces battery metals. The company competes with First Energy Metals Ltd, Lithium Corp, and American Lithium Corp.
– First Energy Metals Ltd ($OTCPK:FEMFF)
First Energy Metals Ltd is a Canadian junior mining company with a focus on battery metals. The company has a market cap of 3.24M as of 2022 and a Return on Equity of -73.28%. The company’s primary asset is the Cinovec lithium-tin project in the Czech Republic. First Energy Metals is also engaged in the exploration and development of other battery metals projects in North America and Europe.
– Lithium Corp ($OTCPK:LTUM)
Lithium Corp is a publicly traded company that explores and develops lithium properties. The company has a market capitalization of $14.18 million and a return on equity of 14.05%. Lithium Corporation is headquartered in Reno, Nevada.
– American Lithium Corp ($TSXV:LI)
American Lithium Corp is a mining company that focuses on the production of lithium. The company’s market cap is 405.08M as of 2022 and its ROE is -9.66%. American Lithium Corp has a diversified portfolio of lithium projects in the United States, Canada and Argentina.
Summary
Investors in Patriot Battery Metals have seen the stock price rise despite some dips throughout the trading session. Despite a 2.1% dip after the market close on Monday, the stock saw a larger rise during the same day. So far, most of the news surrounding the company has been positive, leading to positive sentiment among investors. As both short-term and long-term investors analyze their decision to invest in Patriot Battery Metals, they should take into account the overall positive market sentiment towards the company as well as its consistent growth.
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