Rankings Commodities & uranium Colonial Coal
Colonial Coal
51
15070100
A view of the same findings, not a new score. How it works
A good business with a real question mark: the price, a crack, or both.
Biggest deductions
- Price vs history and net asset value−10
- Project quality and studies−9
- Margin−8
Strengths
- Net cash and low burn+2
How the score is built
From 100 to 51, step by step: points off for the business, the price and the cracks, back for documented strengths, then three data adjustments.
Start
Score
Hover or select a step to see what drove it. Steps with findings open them below.
Key numbers
As of 2 Nov 2026. Analyst targets tend to be optimistic; read upside as a hint, not a forecast.
- Price
- 2.47 CAD
- Median analyst target
- –
- Upside to median
- –
- Analysts
- none
- Target range
- –
- 52-week change
- +67%
- P/E (trailing)
- n/a
- Forward P/E
- n/a
- PEG
- n/a
Findings
Every deduction and every plus, with its source. Open a step to read them.
Business
Is the company getting stronger, not just bigger? · 3 findings−20 of −30
- −8MarginNo revenue; operating loss of CAD 4.0m TTM and ROIC −11.6%. Spending is low (operating cash flow −1.8m), but no value is created without a transaction. The loss is counted only here.
- −9Project quality and studiesOnly outdated PEAs: Huguenot as an open-pit mine (Dec 2019) requires USD 303-510m in capex and gives an IRR of only 15% at USD 137/t; strip ratio 10.5:1. No PFS, FS or mine permit.
- −3Capital allocationFor many years the strategy has been to wait for a buyer rather than develop the projects; there is no progress in studies or permits, only administrative costs.
Price
Today's multiples against the company's own history and its peers. · 1 finding−10 of −35
- −10Price vs history and net asset valueEV CAD 373m vs 145-599m in 2021-2025, and P/B 16.7 for a project with no recent studies; the price (+35% in a year) prices in a takeover that has not yet happened.
Cracks
Cash flow, customers, debt, insiders, guidance and what sits behind the headline numbers. · 3 findings−15 of −35
- −7The sales processCitigroup has been an adviser since the end of 2025, but as of July 2026 there were no formal bids; the deal depends on coking coal prices stabilising and Asian buyers bidding.
- −6Coal, permits and financingNew coal mines in British Columbia require a lengthy environmental assessment and agreements with First Nations, and fewer and fewer banks and investors will finance coal. That limits the pool of buyers and the price.
- −2Liquidity and ownership concentrationInsiders own 21.7% and institutions only 0.17%; daily volume is approx. 76,000 shares, so the price can swing violently on news.
Plus
Only documented strengths. · 1 finding+2 of +15
- +2Net cash and low burnCash of CAD 6.9m at 30/4-2026, practically no debt and annual spending of only approx. 1.8m; dilution has been approx. 0.5% a year.
Caveats
What the score does not capture, or where the data is weak.
Penny deep dive (the price is above DKK 3). Explorer with two coking coal projects (Huguenot and Flatbed) in the Peace River coalfield in northeastern British Columbia, about 700m tonnes of resource. Price CAD 2.05 and 185.28m shares (market cap about CAD 380m) from stockanalysis 2/10-2026; Nordnet showed DKK 1,625m. The latest economic studies are PEAs from 2019–2020 and are outdated; I have not found an updated PEA, PFS or an ongoing environmental assessment. The sale process with Citigroup is known only from a German article (21/7-2026). Latest financial statements are Q3 FY26 (as of 30/4-2026). Options, the largest owners and management incentives have not been investigated in detail. No analyst coverage.
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