Should I sell MN.V stock or will the company increase in value?

Manganese is going to play a huge role in this decade because it is one of the three major components in EV batteries. With the rise of EV and more production of the EV battery, the value of manganese, as well as MN.V, are going to increase. With that in mind, it would be better not to sell MN.V stock right now.

First, let's look at the fundamentals of manganese.

Manganese is a critical steel, battery, electric vehicle (EV) metal, and component for green technology. Tesla, for example, has stated that it plans to transition away from Cobalt and begin incorporating manganese into its batteries, with the company predicting that it will consume 30 million tons.

Moreover, manganese is a safer, easier, and cheaper element to mine and produce. This is why industry experts say there will be greater output amid the predicted 400% increase in demand over the next nine years.

Suffice it to say, there will be more competitors in this sphere.

Now, where does this leave Manganese X Energy Corp. (MN.V)?

Company growth has been essentially non-existent, with earnings collapsing for four consecutive years. On a quarter-over-quarter basis, the firm has seen its earnings decline since the second quarter of 2020.

Moreover, the business has been burning through cash because it has failed to generate profits in this time span.

Overall, even using the most sophisticated stock analysis tool does not offer investors much optimism in its long-term prospects.

That said, based on the latest movement in share price, there is a lot of speculation in this company, with the share price climbing close to 13% year-to-date to $0.31. Of course, this is still way below the 52-week high of $1.11 a share.

You are better off investing in some of the larger value/growth stock miners that possess a greater market share in manganese mining, such as Vale SA (VALE), which pays a dividend of 8.88%.

Who knows? At its price, MN.V might turn into a lottery stock and generate big returns, so perhaps a small position will pay off. At this point, it is unlikely that it will return to its all-time high of $14 in March 2011.