Want to see AU:AHN full AI Analyst Report?
Top Page
Athena Resources Limited
(Sydney:AHN)
Select Model
Select Model
Rating:43Neutral
Price Target:
AU$0.05
▲(1175.00% Upside)
Action:Reiterated
Date:10/04/26
The score is held down primarily by very weak financial performance—no meaningful revenue, persistent losses, and sustained negative operating/free cash flow. Technicals also lean bearish with the price below key short-term averages and a negative MACD. Valuation is also constrained because the company is loss-making (negative P/E) and there is no dividend yield data to provide income support.
Positive Factors
Minimal Leverage
Minimal borrowing reduces interest and refinancing pressure, preserving financial flexibility while the company remains economically challenged. A largely unlevered structure gives management more time to pursue operational improvement without the additional constraint of substantial debt service.
Negative Factors
No Meaningful Revenue Base
Essentially no revenue means the company has not demonstrated product-market monetisation or a repeatable commercial engine. Without a meaningful top line, operating costs cannot be absorbed through scale, margins cannot be assessed reliably, and sustainable earnings remain unproven.
Read all positive and negative factors
Positive Factors
Negative Factors
Minimal Leverage
Minimal borrowing reduces interest and refinancing pressure, preserving financial flexibility while the company remains economically challenged. A largely unlevered structure gives management more time to pursue operational improvement without the additional constraint of substantial debt service.
Read all positive factors
Athena Resources Limited (AHN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$8.32M
Dividend YieldN/A
Average Volume (3M)28.48K
Price to Earnings (P/E)―
Beta (1Y)0.66
Revenue GrowthN/A
EPS Growth7.84%
CountryAU
Employees350
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)<0.01
Shares Outstanding157,048,020
10 Day Avg. Volume19,442
30 Day Avg. Volume28,475
Financial Highlights & Ratios
PEG Ratio1.06
Price to Book (P/B)0.42
Price to Sales (P/S)0.00
P/FCF Ratio-7.20
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
18
Very Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | -1.73K | -1.07K | -48.00 | 0.00 |
| EBITDA | -1.09M | -684.12K | -651.22K | -680.93K | -504.91K |
| Net Income | -1.11M | -804.76K | -696.23K | -680.98K | -547.72K |
Balance Sheet | |||||
| Total Assets | 17.29M | 15.67M | 13.19M | 13.74M | 11.86M |
| Cash, Cash Equivalents and Short-Term Investments | 1.75M | 1.76M | 18.94K | 1.44M | 663.31K |
| Total Debt | 0.00 | 0.00 | 320.00K | 0.00 | 0.00 |
| Total Liabilities | 362.60K | 191.63K | 460.95K | 317.83K | 577.16K |
| Stockholders Equity | 16.93M | 15.48M | 12.73M | 13.42M | 11.28M |
Cash Flow | |||||
| Free Cash Flow | -976.51K | -1.43M | -1.74M | -2.05M | -2.16M |
| Operating Cash Flow | -976.51K | -759.95K | -770.48K | -643.92K | -816.32K |
| Investing Cash Flow | -1.57M | -668.14K | -966.60K | -1.40M | -1.35M |
| Financing Cash Flow | 2.54M | 3.17M | 320.00K | 2.82M | 2.70M |
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% | |
51 Neutral | AU$20.23M | -10.00 | -10.90% | ― | -2.10% | 21.74% | |
49 Neutral | AU$9.28M | -190.00 | -0.40% | ― | ― | 83.33% | |
46 Neutral | AU$8.22M | -13.68 | -3.57% | ― | ― | -132.20% | |
44 Neutral | AU$6.50M | 80.00 | -4.33% | ― | -100.00% | 84.38% | |
43 Neutral | AU$8.32M | -3.73 | -6.98% | ― | ― | 7.84% | |
41 Neutral | AU$7.21M | -4.55 | -15.37% | ― | ― | 86.08% |
* Basic Materials Sector Average
AU:AHN
Athena Resources Limited
0.05
-0.02
-26.39%
AU:BNR
Bulletin Resources Limited
0.03
-0.03
-54.39%
AU:NAG
Nagambie Resources Limited
0.02
<0.01
26.67%
AU:RAG
Ragnar Metals Limited
0.02
-0.01
-34.48%
AU:MEG
Megado Gold Ltd.
0.01
-0.02
-70.59%
AU:REZ
Resources & Energy Group Limited
0.01
-0.01
-56.52%
Athena Resources Limited Corporate Events
Athena Resources Sets November Date and Nomination Deadline for 2026 AGM
Oct 4, 2026
Athena Resources Limited has scheduled its Annual General Meeting for 26 November 2026, with key business to include the election of directors. The company will issue a formal AGM notice to shareholders later in October, outlining detailed resolut...
Athena Resources Files Updated Governance Statement with ASX
Sep 29, 2026
Athena Resources Limited has lodged its updated corporate governance statement and Appendix 4G with the ASX for the financial year ended 30 June 2026, confirming board approval and compliance with key governance disclosure rules. The statement is ...
Athena Resources Details Alignment With ASX Governance Standards
Sep 29, 2026
Athena Resources Limited operates in the resources sector under a Board-led governance framework that closely references ASX Corporate Governance Council principles. Its policies and charters are regularly updated to reflect the company’s gr...
Athena Resources Finalises Second Tranche of Capital Raising for Narryer Project
Jul 28, 2026
Athena Resources Limited has completed the second and final tranche of its previously announced $3.5 million capital raising to advance the Narryer Project, issuing 2,125,000 fully paid ordinary shares to a sophisticated investor to raise $170,000...
Athena Resources Seeks ASX Quotation for Additional Ordinary Shares
Jul 28, 2026
Athena Resources Limited has applied for quotation on the ASX of 2,125,000 new ordinary fully paid shares under its ticker AHN. The new securities, issued on July 28, 2026, form part of a previously announced transaction, modestly expanding the co...
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 ...
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.