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CoJax Oil and Gas Corporation

CJAX
24
Oil & Gas Exploration & Production · Energy
Price
$3.55
+0.00 (+0.00%)
Market Cap
$50.3M
Winston Score
24
Winston is worried
Weak fundamentals across most pillars.

Share count rising — dilution

+144.4% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 5.8M (2021) → 14.1M (2025)

CoJax Oil and Gas Corporation is a small American energy company focused on finding and producing oil and natural gas. It operates in the exploration and production (E&P) segment of the energy industry, meaning it looks for underground oil and gas deposits and tries to bring them to the surface to sell. The company targets domestic U.S. energy markets and sells its output to energy buyers and distributors.

CoJax earns revenue by selling the oil and natural gas it produces, but the company is currently very early-stage and has generated little to no meaningful revenue. It is a micro-cap company with a market value around $100 million, and its deeply negative operating margins show it is spending far more than it earns. CoJax has no clear competitive moat given its size and limited production history, and the primary risk it faces is running out of capital before it can develop enough producing assets to become financially self-sustaining.

Winston Score History

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-66.9% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-94.2% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

0.0% of revenue

Below sector average (1%)

Research and development spending

Insider Activity

59.3%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

$91,056 cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

CoJax Oil and Gas Corporation's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

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Quality

Gross Margin
0.0%
Thin — 0.0% gross margin
Operating Margin
-236.9%
Losing money on operations — -236.9%
ROCE
-3.4%
Weak — -3.4% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY
+85318.2%
Fast-growing sales (85318.2% YoY)
EPS YoY
N/A
Data not available
EPS Consistency
0/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion
N/A
Data not available
FCF Margin
4.2%
Thin free cash flow (4.2%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

Debt / Equity
0.01
Conservative — low debt load (0.01)
Interest Cover
N/A
Data not available

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Valuation

P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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