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Athena Resources Limited
(Sydney:AHN)
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Rating:43Neutral
Price Target:
AU$0.05
▲(1125.00% Upside)
Action:Reiterated
Date:07/17/26
The score is primarily constrained by weak financial performance (no revenue, recurring losses, and consistently negative operating/free cash flow), partially offset by a low-leverage balance sheet with a meaningful equity base. Valuation is also a headwind given the provided P/E of 40.0 and no dividend yield. Technical analysis could not be assessed due to missing indicator data, so it contributes neutrally.
Positive Factors
Low leverage / strong equity base
A sizable equity base with virtually no debt provides enduring financial flexibility and lower default risk. Over the next several months this cushion supports continued operations, financing optionality and the ability to fund development or exploration without immediate pressure from creditors.
Negative Factors
Pre-revenue status
Absence of revenue means the business cannot self-fund operations and must rely on external capital or equity, raising execution risk. Over the coming months this structural lack of commercial receipts keeps profitability uncertain and limits reinvestment without fresh funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong equity base
A sizable equity base with virtually no debt provides enduring financial flexibility and lower default risk. Over the next several months this cushion supports continued operations, financing optionality and the ability to fund development or exploration without immediate pressure from creditors.
Read all positive factors
Athena Resources Limited (AHN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$10.68M
Dividend YieldN/A
Average Volume (3M)N/A
Price to Earnings (P/E)―
Beta (1Y)0.81
Revenue GrowthN/A
EPS Growth18.97%
CountryAU
Employees350
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)<0.01
Shares Outstanding157,048,020
10 Day Avg. VolumeN/A
30 Day Avg. VolumeN/A
Financial Highlights & Ratios
PEG Ratio0.56
Price to Book (P/B)0.81
Price to Sales (P/S)0.00
P/FCF Ratio-8.79
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
Athena Resources Limited Business Overview & Revenue Model
Company Description
Athena Resources Limited is an Australian-based company specializing in the search for various mineral resources across the continent. Their exploration efforts target key metallic deposits, including iron ore, anomalous copper, nickel, platinum g...
How the Company Makes Money
null...
Athena Resources Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
24
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -1.13K | -1.73K | -1.07K | -48.00 | 0.00 | -1.27K |
| EBITDA | -976.86K | -684.12K | -651.22K | -680.93K | -506.18K | 13.29K |
| Net Income | -1.02M | -804.76K | -696.23K | -680.98K | -547.72K | 343.00 |
Balance Sheet | ||||||
| Total Assets | 15.02M | 15.67M | 13.19M | 13.74M | 11.86M | 9.45M |
| Cash, Cash Equivalents and Short-Term Investments | 574.79K | 1.76M | 18.94K | 1.44M | 663.31K | 130.03K |
| Total Debt | 0.00 | 0.00 | 320.00K | 0.00 | 0.00 | 40.00K |
| Total Liabilities | 117.32K | 191.63K | 460.95K | 317.83K | 577.16K | 352.52K |
| Stockholders Equity | 14.90M | 15.48M | 12.73M | 13.42M | 11.28M | 9.10M |
Cash Flow | ||||||
| Free Cash Flow | -1.96M | -1.43M | -1.74M | -2.05M | -2.16M | -916.96K |
| Operating Cash Flow | -955.60K | -759.95K | -770.48K | -643.92K | -816.32K | -291.76K |
| Investing Cash Flow | -988.67K | -668.14K | -966.60K | -1.40M | -1.35M | -625.20K |
| Financing Cash Flow | 1.45M | 3.17M | 320.00K | 2.82M | 2.70M | 1.03M |
Athena Resources Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | AU$9.77M | 2.02 | 34.93% | ― | ― | ― | |
51 Neutral | AU$11.16M | 1.87 | 38.60% | ― | ― | 7000.00% | |
44 Neutral | AU$10.11M | -3.48 | -14.17% | ― | 3.74% | 4.17% | |
44 Neutral | AU$12.97M | -8.18 | -5.59% | ― | ― | 85.16% | |
44 Neutral | AU$10.22M | -15.71 | -4.21% | ― | ― | 80.00% | |
43 Neutral | AU$10.68M | -4.36 | -6.75% | ― | ― | 18.97% |
* Basic Materials Sector Average
AU:AHN
Athena Resources Limited
0.06
-0.01
-15.28%
AU:BNR
Bulletin Resources Limited
0.04
>-0.01
-16.67%
AU:NAG
Nagambie Resources Limited
0.01
>-0.01
-28.57%
AU:RAG
Ragnar Metals Limited
0.02
0.00
0.00%
AU:MEG
Megado Gold Ltd.
0.02
-0.01
-41.94%
AU:REZ
Resources & Energy Group Limited
0.01
>-0.01
-35.29%
Athena Resources Limited Corporate Events
Athena Resources Director Boosts Stake Through Share Placement
Jul 14, 2026
Athena Resources Limited, an Australian resources company listed on the ASX, engages in mineral exploration and uses equity placements as a key tool in its capital structure. Director shareholdings are an important element of its governance framew...
Athena Resources Completes Second Tranche of Narryer Project Capital Raising
Jul 13, 2026
Athena Resources Limited has completed the second tranche of its previously announced $3.5 million capital raising to advance the Narryer Project in Western Australia. The company raised $1,064,100 before costs through the issue of 266,025,000 ful...
Athena Resources Seeks ASX Quotation for 266 Million New Shares
Jul 13, 2026
Athena Resources Limited has applied to the ASX for quotation of 266,025,000 new ordinary fully paid shares under code AHN, with an issue date of 13 July 2026. The substantial share listing, arising from previously announced transactions, signals ...
Athena shareholders back share placements and capital consolidation
Jun 29, 2026
Athena Resources Limited reported that shareholders at its 29 June 2026 general meeting approved all resolutions related to recent and planned capital raisings. Investors ratified the first tranche of placement shares, endorsed the issue of a seco...
Athena launches Narryer drilling to underpin maiden magnetite resource
Jun 28, 2026
Athena Resources has commenced a multi-phase drilling campaign at the Narryer magnetite deposit within its Byro Magnetite Project in Western Australia’s Midwest. The program, involving about 35 reverse circulation and diamond drill holes for...
Athena Resources Plans Share Consolidation Ahead of July 2026 Timetable
May 22, 2026
Athena Resources Limited has notified the market of a proposed consolidation of its ordinary fully paid shares and performance rights, signalling a restructuring of its capital base. The reorganisation is subject to shareholder approval, with key ...
Athena Resources Calls 2026 General Meeting and Urges Early Proxy Voting
May 21, 2026
Athena Resources Limited has called a general meeting of shareholders to be held in Perth, Western Australia, on 29 June 2026 at 11:00am AWST, providing details for in-person attendance and online access to meeting documentation. Shareholders are ...
Athena Resources completes first tranche of $3.5m placement for Narryer Project
May 11, 2026
Athena Resources has completed the first tranche of a $3.5 million capital raising, issuing 566,475,000 fully paid ordinary shares to institutional and sophisticated investors under its existing placement capacity to fund work at its Narryer Proje...
Athena Resources Seeks ASX Quotation for 566 Million New Shares
May 11, 2026
Athena Resources Limited has applied for quotation of 566,475,000 ordinary fully paid shares on the Australian Securities Exchange, with an issue date of 11 May 2026. The large issuance, linked to previously announced transactions, significantly e...
Athena Resources plans major equity placement to fund growth
May 3, 2026
Athena Resources Limited has notified the ASX of a proposed securities issue, outlining plans for a sizeable placement of up to 875,000,000 new fully paid ordinary shares. The company has set 7 May 2026 as the proposed issue date, signalling a sig...
Athena Resources Seeks Trading Halt Ahead of Capital Raising Announcement
Apr 30, 2026
Athena Resources Limited has requested and been granted a trading halt on its securities by the ASX, effective from 30 April 2026, ahead of a planned capital raising announcement. The halt will remain in place until either the release of the capit...
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.