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Home CompaniesMagnetic North Acquisition Corp

Magnetic North Acquisition Corp

Financial Services Capital Markets
PortfolioPortfolio WatchlistWatchlist
Company price
None CAD 0.00(0%)
Last update at 2026-11-04T19:00:23.421192Z
Market Cap
4.43M

Momentum Score

…

Magnetic North Acquisition Corp. engages in the merchant banking business in Canada. The company provides strategic and financial advice and services to companies in the clean power technology, consumer products, manufacturing, and information technology sectors. It also focuses on investing in various industries, such as clean power technology, oilfield services, consumer products, and software and hardware technology. The company was formerly known as Black Bull Resources Inc. and changed its name to Magnetic North Acquisition Corp. Magnetic North Acquisition Corp. was incorporated in 1997 and is headquartered in Calgary, Canada.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

52 Week Price Range
0.07
Low
0.15
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

Magnetic North Acquisition Corp is a special purpose acquisition company listed on the TSX Venture Exchange under ticker MNC.V that seeks to complete a business combination with a private operating company. Its long-term outlook depends on the attributes of any acquisition target, while potential growth could benefit from sponsor expertise, access to public capital and the ability to scale post-combination. Investors may find exposure to deal-driven upside and a defined merger timeline appealing.

Key investment risks include high execution and valuation risk around completing a suitable business combination, sponsor quality and potential dilution from promote and follow-on financing, plus regulatory or market factors that could delay or prevent a transaction.

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
0.07
Dividend Yield
-
Revenue TTM
0.24M
Revenue Per Share
0.00
Gross Profit TTM
0.24M
Debt / Equity
-
ROE
-9.43%
Net Debt
13.57M
ROCE
77.00%
Diluted EPS TTM
-0.05

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2023-09-30 2022-09-30 2021-09-30 2020-09-30 2019-09-30
Type yearly yearly yearly yearly yearly
Date 2023-09-30 2022-09-30 2021-09-30 2020-09-30 2019-09-30
Income before tax -1.41M -5.85M -3.11M -0.70M -1.47M
Net income -1.41M -5.85M -3.11M -0.70M -1.47M
Selling general administrative 0.99M 1.21M 1.90M 2.07M 0.20M
Gross profit 0.60M -0.28M -0.28M - -0.02M
Reconciled depreciation 0.00M 0.00M 0.00M 0.00M 0.00M
Ebit - -5.86M -3.11M -1.55M -0.22M
Ebitda - - -2.20M -2.00M -0.22M
Operating income -0.93M -1.60M -2.20M -2.00M -0.22M
Interest expense - - 0.00M 0.00M 0.00M
Interest income 0.01M 0.01M 0.00M 0.05M 0.01M
Net interest income -0.48M 0.01M 0.00M 0.05M 0.01M
Total revenue 0.88M 0.00M 0.00M 0.09M 0.00M
Total operating expenses 1.81M 1.60M 2.20M 2.09M 0.22M
Cost of revenue 0.28M 0.28M 0.28M - 0.02M
Total other income expense net - -4.26M -0.91M 1.25M -1.25M
Net income from continuing ops -1.41M -5.85M -3.11M -0.70M -1.47M
Net income applicable to common shares - -5.85M -3.11M -0.70M -1.47M
Breakdown 2023-09-30 2022-09-30 2021-09-30 2020-09-30 2019-09-30
Type yearly yearly yearly yearly yearly
Date 2023-09-30 2022-09-30 2021-09-30 2020-09-30 2019-09-30
Total assets 14.02M 0.55M 5.24M 13.85M 2.19M
Other current assets 0.26M 0.19M 0.63M 0.70M 0.41M
Total liab 15.89M 19.02M 18.33M 0.53M 0.62M
Total stockholder equity -1.87M -18.47M -13.09M 13.32M 1.57M
Other current liab - 0.44M 0.32M 0.27M 0.27M
Common stock - 29.08M 29.08M 29.05M 25.26M
Capital stock 45.55M 29.08M 29.08M 39.10M 27.08M
Retained earnings -52.71M -52.20M -46.35M -28.43M -27.58M
Other liab - 0.19M 0.18M 0.19M 0.27M
Other assets - 0.31M 0.31M 0.30M 0.30M
Cash 0.01M 0.01M 0.00M 0.14M 0.20M
Total current liabilities 15.23M 1.42M 1.10M 0.53M 0.35M
Net debt 13.57M 0.16M 0.18M - -
Short long term debt 13.57M 0.18M 0.18M - 0.04M
Other stockholder equity - 1.09M 0.89M 0.16M -
Property plant equipment - 0.00M 0.00M 0.00M 0.00M
Total current assets 13.69M 0.24M 0.67M 2.09M 1.89M
Long term investments 0.00M 0.00M 4.26M 11.75M -
Net tangible assets - -18.47M -13.09M 3.27M -0.25M
Short term investments 0.03M 0.03M 0.03M - -
Net receivables 0.00M 0.03M 0.02M 1.21M 0.02M
Inventory - - - 2.04M -
Accounts payable 0.66M 0.39M 0.41M 0.22M 0.11M
Non currrent assets other 0.33M 0.31M 0.31M - -
Non current assets total 0.33M 0.31M 4.57M 11.75M 0.00M
Breakdown 2023-09-30 2022-09-30 2021-09-30 2020-09-30 2019-09-30
Type yearly yearly yearly yearly yearly
Date 2023-09-30 2022-09-30 2021-09-30 2020-09-30 2019-09-30
Investments 0.00M 0.36M -0.58M -2.45M -1.25M
Change to liabilities - 0.32M 0.51M -0.06M 0.19M
Total cashflows from investing activities - 0.36M -0.58M -2.45M -1.26M
Net borrowings 13.45M - - -0.04M 0.05M
Total cash from financing activities 14.27M 0.35M 1.02M 2.54M 3.11M
Change to operating activities - 0.02M 0.01M 0.22M -0.39M
Net income -1.41M -5.85M -3.11M -0.70M -1.47M
Change in cash 13.22M 0.01M -0.03M -1.31M 1.42M
Begin period cash flow 0.01M 0.00M 0.14M 1.45M 0.03M
End period cash flow 13.23M 0.01M 0.00M 0.14M 1.45M
Total cash from operating activities -1.05M -0.70M -0.47M -1.40M -0.43M
Issuance of capital stock 0.00M 0.36M 1.00M 4.07M 3.10M
Depreciation 0.00M 0.00M 0.00M 0.00M 0.01M
Other cashflows from investing activities - - - - -0.01M
Dividends paid - - - 0.15M 0.15M
Change to account receivables 0.03M -0.01M 0.11M -0.22M -0.01M
Other cashflows from financing activities - -0.01M -0.02M -1.34M -0.05M
Change to netincome - 4.82M 2.01M -0.64M 1.25M
Capital expenditures 0.00M 0.00M 0.00M 0.00M 0.00M
Change in working capital -0.71M 0.33M 0.63M -0.06M -0.22M
Stock based compensation 0.09M 0.48M 1.11M 0.58M -
Other non cash items 0.63M 0.01M -0.01M 0.00M 0.00M
Free cash flow -1.05M -0.70M -0.47M -1.40M -0.43M

Peer Comparison*

Sector: Financial Services Industry: Capital Markets

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)
NDA
Neptune Digital Assets Corp		 -0.02
3.92%		 0.49 - 78.74 71.60 2.25 81.07 83.90
DMGI
Dmg Blockchain Solutions Inc		 -0.01
1.30%		 0.38 - 5.29 1.28 0.64 1.68 9.44
HFC
Hampton Financial Corp		 -
-%		 0.24 - - 3.65 58.45 5.57 -19.75
BTCW
Bitcoin Well Inc		 -
-%		 0.04 - - 0.19 2.18 0.28 12.91

Profile*

Magnetic North Acquisition Corp

Magnetic North Acquisition Corp. engages in the merchant banking business in Canada. The company provides strategic and financial advice and services to companies in the clean power technology, consumer products, manufacturing, and information technology sectors. It also focuses on investing in various industries, such as clean power technology, oilfield services, consumer products, and software and hardware technology. The company was formerly known as Black Bull Resources Inc. and changed its name to Magnetic North Acquisition Corp. Magnetic North Acquisition Corp. was incorporated in 1997 and is headquartered in Calgary, Canada.

250 2nd Street SW, Calgary, AB, Canada, T2P 0C1

https://www.magneticnac.com

Name Title Year Born
Mr. Andrew Emil Osis B.Comm. Co-CEO & Director 1971
Mr. Kevin Spall Co-CEO & Director NA
Cindy Davis Chief Financial Officer NA
Mr. Stephen McCormick VP Capital Markets NA
Mr. Lance McIntosh Chief Financial Officer NA

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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