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Adavale Resources Limited
(Sydney:ADD)
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Rating:45Neutral
Price Target:
AU$0.04
â–¼(-10.00% Downside)
Action:Reiterated
Date:10/01/26
The score is held down primarily by weak financial performance—persistent losses and sustained negative operating cash flow—implying ongoing dependence on external financing despite a recently improved balance sheet. Technical indicators are broadly neutral (mid-range RSI and slightly positive MACD), offering limited support, while valuation is constrained by a negative P/E and no dividend yield.
Positive Factors
Improved Balance Sheet
The return to positive equity and relatively low debt improve financial stability compared with prior years. This gives Adavale more flexibility to advance exploration projects and manage obligations, although the benefit remains tempered by its history of negative equity and ongoing cash needs.
Negative Factors
Persistent Net Losses
Persistent and widening losses indicate that the current business model has not yet reached economic self-sufficiency. Continued negative earnings reduce internal funding capacity, constrain project advancement, and make future improvement dependent on successful exploration outcomes or additional financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Balance Sheet
The return to positive equity and relatively low debt improve financial stability compared with prior years. This gives Adavale more flexibility to advance exploration projects and manage obligations, although the benefit remains tempered by its history of negative equity and ongoing cash needs.
Read all positive factors
Adavale Resources Limited (ADD) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$14.64M
Dividend Yield18.25%
Average Volume (3M)851.74K
Price to Earnings (P/E)―
Beta (1Y)2.42
Revenue Growth14.17%
EPS Growth47.06%
CountryAU
Employees20
SectorEnergy
Sector Strength52
IndustryUranium
Share Statistics
EPS (TTM)-0.03
Shares Outstanding395,799,960
10 Day Avg. Volume1,604,269
30 Day Avg. Volume851,741
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)10.55
Price to Sales (P/S)200.92
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Adavale Resources Limited Business Overview & Revenue Model
Company Description
Adavale Resources Limited specializes in the exploration of mineral properties, with operations spanning Australia and Tanzania. The company boasts full ownership of the Kabanga Jirani Nickel project, an expansive 1,267 square kilometer site locat...
How the Company Makes Money
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Adavale Resources Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
38
Negative
Cash Flow
15
Very Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 50.00K | 43.80K | 103.64K | 0.00 | 0.00 |
| Gross Profit | 30.52K | 43.80K | 103.64K | -27.71K | -27.15K |
| EBITDA | -6.99M | -3.95M | -4.57M | -4.55M | -4.64M |
| Net Income | -7.04M | -4.05M | -4.70M | -4.95M | -4.67M |
Balance Sheet | |||||
| Total Assets | 2.30M | 286.52K | 360.69K | 1.07M | 505.74K |
| Cash, Cash Equivalents and Short-Term Investments | 1.94M | 200.79K | 280.30K | 893.47K | 391.39K |
| Total Debt | 150.26K | 0.00 | 0.00 | 1.94M | 0.00 |
| Total Liabilities | 1.35M | 325.04K | 72.52K | 2.13M | 294.76K |
| Stockholders Equity | 952.30K | -38.51K | 288.17K | -1.06M | 210.97K |
Cash Flow | |||||
| Free Cash Flow | 0.00 | -1.81M | -4.38M | -4.36M | -4.35M |
| Operating Cash Flow | -4.95M | -1.81M | -4.38M | -4.35M | -4.26M |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | -2.48K | -89.05K |
| Financing Cash Flow | 6.70M | 1.73M | 3.77M | 4.85M | 3.28M |
Adavale Resources Limited Technical Analysis
Neutral
0.04
Price Trends
0.04
Negative
0.04
Negative
0.04
Negative
Market Momentum
<0.01
Positive
52.39
Neutral
23.48
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ADD, the sentiment is Neutral. The current price of 0.04 is below the 20-day moving average (MA) of 0.04, below the 50-day MA of 0.04, and below the 200-day MA of 0.04, indicating a bearish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 52.39 is Neutral, neither overbought nor oversold. The STOCH value of 23.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:ADD.
Adavale Resources Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
52 Neutral | AU$18.24M | -27.19 | -1.38% | ― | ― | -45.45% | |
45 Neutral | AU$14.64M | -1.50 | -721.44% | 18.25% | 14.17% | 47.06% | |
45 Neutral | AU$96.67M | -6.14 | -38.89% | ― | ― | 2.23% | |
45 Neutral | AU$10.03M | 11.52 | 39.18% | ― | ― | -10400.00% | |
44 Neutral | AU$6.35M | -2.20 | -12.25% | ― | ― | 20.66% | |
44 Neutral | AU$5.93M | -2.06 | -15.23% | ― | ― | 55.98% |
* Energy Sector Average
AU:ADD
Adavale Resources Limited
0.04
>-0.01
-2.56%
AU:EL8
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Energy Metals Ltd
0.09
>-0.01
-7.45%
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0.05
-0.06
-53.91%
AU:T92
Terra Uranium Limited
0.04
-0.05
-54.55%
AU:BSN
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0.03
-0.03
-53.45%
Adavale Resources Limited Corporate Events
Adavale Fast-Tracks Belt-Scale Gold Resources in NSW Tier 1 Jurisdiction
Sep 30, 2026
Adavale Resources has outlined a rapid build-up of gold resources to 383,000 ounces over 20 months at its belt-scale project in New South Wales, supported by updated and upgraded mineral resource estimates. The company is positioning the project f...
Adavale details partial alignment with ASX governance principles amid lean structure
Sep 28, 2026
Adavale Resources has released its corporate governance statement for the year to 30 June 2026, outlining the extent of its compliance with the ASX Corporate Governance Council’s fourth edition principles and recommendations. The company con...
Adavale Resources Publishes 2026 Annual Report Detailing Operations and Financials
Sep 28, 2026
Adavale Resources Limited has released its annual report for the year ended 30 June 2026, outlining a comprehensive review of operations, directors’ commentary, and consolidated financial statements for the group and its controlled entities....
Adavale issues new shares to settle fees and preserve cash
Sep 18, 2026
Adavale Resources Limited has applied for quotation on the ASX of 1,778,813 fully paid ordinary shares issued on 18 September 2026. The new shares were issued as payment in satisfaction of outstanding fees in lieu of cash, reflecting the company&#...
Adavale Strikes High-Grade Gold Outside London-Victoria Resource
Aug 17, 2026
Adavale Resources has reported standout assay results from five additional drillholes at its London-Victoria gold project, including a notable intercept of 19 meters at 4.0 grams per tonne gold with a very high-grade 1-meter interval at 52.6 grams...
Adavale Resources Shifts Share Registry as Parkes Gold Project Advances
Aug 14, 2026
Adavale Resources Limited will change its shareholder registry service provider from Computershare Investor Services Pty Ltd to Automic Pty Ltd, effective 17 August 2026. The new arrangement gives shareholders access to Automic’s secure onli...
Orpheus Uranium Expands Marree Footprint with Strategic Tenement Deal
Aug 13, 2026
Orpheus Uranium has signed a sale agreement with Adavale Resources to acquire up to seven exploration licences covering about 2,513 square kilometres that adjoin its existing Marree Uranium Project in South Australia. The deal will see Orpheus or ...
Adavale Sells Marree Uranium Assets to Refocus on NSW Gold-Copper Project
Aug 13, 2026
Adavale Resources has executed a sale agreement with Orpheus Uranium for its Marree Embayment uranium portfolio, comprising seven granted exploration licences in exchange for $650,000 in cash and 5 million Orpheus shares. The transaction allows Ad...
Adavale Drilling Underpins Imminent London-Victoria Resource Upgrade
Aug 13, 2026
Adavale Resources has reported assay results from five additional reverse circulation drill holes totalling 1,110 metres at its London-Victoria Gold Mine, all of which intersected broad zones of gold mineralisation beneath the existing 1.5-kilomet...
Adavale Director Allan Ritchie Granted Additional Performance Rights
Aug 3, 2026
Adavale Resources has disclosed a change in the securities interests of director Allan Ritchie, reflecting an update to his indirect holdings in the company. The notice details his existing share and option positions and records the allocation of ...
Adavale Confirms Compliance for Recent Securities Issue Under Section 708A
Aug 3, 2026
Adavale Resources Limited has issued a notice under section 708A of the Corporations Act, confirming that recent securities were issued without a prospectus in reliance on disclosure exemptions. The company states it is up to date with its financi...
Adavale issues new shares and options to settle obligations
Aug 3, 2026
Adavale Resources Limited has applied for quotation on the ASX of 2.5 million new ordinary fully paid shares and 1.5 million options expiring on December 31, 2027, issued on August 3, 2026. The securities were issued as consideration for services ...
Adavale Issues 45 Million Long-Dated Unquoted Options
Aug 3, 2026
Adavale Resources Limited has issued 45 million unquoted options in two new classes, each expiring on 31 December 2029, with exercise prices of $0.10 and $0.20 respectively. The options, which are not intended to be quoted on the ASX, form part of...
Adavale seeks ASX quotation for 22.5 million new shares
Aug 3, 2026
Adavale Resources Limited has applied to the ASX for quotation of 22.5 million new ordinary fully paid shares, with an issue date of 3 August 2026. The additional securities, which follow previously announced transactions, will expand the company&...
Adavale boosts gold resources and consolidates Parkes belt as London-Victoria drilling advances
Jul 31, 2026
Adavale Resources reported a highly active June quarter centred on an 88-hole, 18,000-metre systematic infill drilling program at the London-Victoria gold mine, where assay results continue to extend mineralisation below the historic open pit. The...
Adavale Finds Multiple High-Grade Gold Intercepts Near London-Victoria Mine
Jul 21, 2026
Adavale Resources has identified multiple shallow high-grade gold intercepts at six additional prospects located along strike and adjacent to its London-Victoria Gold Mine within the Parkes Thrust Project. These prospects, including Drapers, Nibbl...
Adavale Adds Resolution to Correct Terms of Performance Rights
Jul 7, 2026
Adavale Resources Limited has issued an addendum to its notice of general meeting scheduled for 17 July 2026, adding a new Resolution 7 to the agenda. The board proposes to correct the terms and conditions of the Class C and Class D performance ri...
Adavale Drilling Extends Gold Mineralisation at London-Victoria Ahead of Resource Update
Jul 6, 2026
Assay results from 14 additional reverse circulation holes at the London-Victoria open pit confirm extensions of gold mineralisation beneath the historic workings. The new intercepts, including multi-metre intervals above 1 gram per tonne gold, re...
Adavale Director Reshapes Indirect Equity Holdings Through Rights Conversion and Share Acquisition
Jul 6, 2026
Adavale Resources Limited has disclosed changes to the indirect holdings of director Allan Ritchie, reflecting a reconfiguration of his interests across shares, options and performance rights. The notice details that several beneficiary entities a...
Adavale Resources Expands ASX-Quoted Securities With New Shares and Options
Jul 2, 2026
Adavale Resources Limited has applied for the quotation of 3,360,000 new ordinary fully paid shares and 11,930,000 options expiring on 31 December 2027 on the ASX. The issuance of these securities, tied to previously announced transactions, expand...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.