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Aspire Mining
(Sydney:AKM)
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Rating:48Neutral
Price Target:
AU$0.22
▼(-19.26% Downside)
Action:Reiterated
Date:09/17/26
The score is held down primarily by weak financial performance (loss-making operations and persistent negative operating/free cash flow), partially offset by a strong low-debt balance sheet. Technical indicators provide moderate near-term support with price above key moving averages and positive MACD, but valuation remains challenging due to negative earnings and no dividend data.
Positive Factors
Low Leverage
An essentially debt-free balance sheet reduces solvency and refinancing pressure while preserving flexibility to fund project advancement. Sizable equity provides a stronger financial base than a highly leveraged developer, although value creation still depends on converting assets into operating cash flow.
Negative Factors
No Current Revenue
Zero recent revenue and sizeable operating losses show that the core business has not yet reached a dependable commercial operating stage. Without recurring sales, future value remains dependent on development progress and funding, while losses can continue consuming capital before production begins.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
An essentially debt-free balance sheet reduces solvency and refinancing pressure while preserving flexibility to fund project advancement. Sizable equity provides a stronger financial base than a highly leveraged developer, although value creation still depends on converting assets into operating cash flow.
Read all positive factors
Aspire Mining (AKM) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$111.68M
Dividend YieldN/A
Average Volume (3M)38.98K
Price to Earnings (P/E)―
Beta (1Y)0.44
Revenue GrowthN/A
EPS Growth-8.89%
CountryAU
Employees130
SectorBasic Materials
Sector Strength58
IndustryCoal
Share Statistics
EPS (TTM)-0.03
Shares Outstanding507,637,000
10 Day Avg. Volume21,914
30 Day Avg. Volume38,975
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)3.20
Price to Sales (P/S)0.00
P/FCF Ratio-17.12
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
Aspire Mining Business Overview & Revenue Model
Company Description
Aspire Mining Limited, an entity established in Perth, Australia, in 2006, concentrates its efforts on discovering and advancing metallurgical coal deposits across Mongolia. The company boasts full ownership (100%) of the Ovoot coking coal project...
How the Company Makes Money
Aspire Mining’s business model is typical of an early-stage mining developer: it seeks to create value by advancing coal assets from exploration through development toward production, and ultimately monetising those assets. Revenue is generally ex...
Aspire Mining Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Dec 2025 | Dec 2025 | Dec 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 46.77K | 28.17K | 764.99K | 0.00 |
| Gross Profit | -29.64K | 0.00 | 46.77K | -102.80K | 647.25K | -205.97K |
| EBITDA | -2.90M | -2.64M | -2.73M | -2.00M | -418.00K | -2.18M |
| Net Income | -12.86M | -12.85M | 6.66M | -1.98M | -557.00K | 428.43K |
Balance Sheet | ||||||
| Total Assets | 40.00M | 39.97M | 68.35M | 45.16M | 68.66M | 70.50M |
| Cash, Cash Equivalents and Short-Term Investments | 5.04M | 5.04M | 22.17M | 15.98M | 28.02M | 31.99M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 859.00 |
| Total Liabilities | 679.08K | 678.63K | 711.68K | 212.27K | 206.04K | 378.52K |
| Stockholders Equity | 39.71M | 39.69M | 68.27M | 45.33M | 68.98M | 70.65M |
Cash Flow | ||||||
| Free Cash Flow | -8.49M | -7.41M | -1.45M | -847.70K | -5.12M | -4.86M |
| Operating Cash Flow | -2.47M | -2.57M | -1.44M | -843.34K | -2.16M | -1.95M |
| Investing Cash Flow | 2.65M | 2.99M | -782.14K | -707.78K | -17.77M | -2.90M |
| Financing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -53.49K |
Aspire Mining Technical Analysis
Negative
0.27
Price Trends
0.22
Positive
0.22
Positive
0.24
Negative
Market Momentum
<0.01
Positive
45.62
Neutral
72.62
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:AKM, the sentiment is Negative. The current price of 0.27 is above the 20-day moving average (MA) of 0.23, above the 50-day MA of 0.22, and above the 200-day MA of 0.24, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 45.62 is Neutral, neither overbought nor oversold. The STOCH value of 72.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:AKM.
Aspire Mining Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Neutral | AU$2.33B | -40.40 | -2.42% | 4.51% | -6.27% | -1593.02% | |
68 Neutral | AU$7.54B | 25.62 | 3.26% | 3.36% | -1.15% | -69.35% | |
64 Neutral | AU$6.19B | 16.03 | 6.64% | 1.32% | -7.39% | -39.72% | |
62 Neutral | AU$4.92B | 29.99 | 6.17% | 7.72% | 0.19% | -63.33% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
48 Neutral | AU$111.68M | -6.05 | -32.36% | ― | ― | -8.89% | |
47 Neutral | AU$285.00M | -0.29 | -135.56% | 2.97% | -7.35% | -115.78% |
* Basic Materials Sector Average
AU:AKM
Aspire Mining
0.22
-0.04
-15.38%
AU:NHC
New Hope Corporation Limited
5.83
2.18
59.90%
AU:WHC
Whitehaven Coal Limited
7.59
0.97
14.67%
AU:YAL
Yancoal Australia
5.71
0.61
12.05%
AU:SMR
Stanmore Resources Ltd
2.59
0.45
20.86%
AU:CRN
Coronado Global Resources Inc. Shs Chess Depository Interests Repr 10 Sh
0.17
-0.15
-46.88%
Aspire Mining Corporate Events
Aspire Mining Updates Corporate Details in Interim 2026 Filing
Sep 11, 2026
Aspire Mining Limited released its interim financial report for the period ended 30 June 2026, accompanied by updated corporate directory information for its Australian and Mongolian operations. The disclosure reinforces its dual-jurisdiction foot...
Aspire Mining Taps Mongolian OTC Market With Ovoot Bond to Fund Coking Coal Project
Sep 11, 2026
Aspire Mining’s Mongolian subsidiary has launched the Ovoot Bond on Mongolia’s regulated OTC securities market, raising US$9.56 million so far under an approved US$60 million program to fund development of the Ovoot Coking Coal Project...
Aspire Mining Reaffirms Ovoot Coal Reserves and Strengthens Project Economics
Sep 11, 2026
Aspire Mining has reaffirmed the coal reserve base at its Ovoot Coking Coal Project in Mongolia, with total coal reserves of 130.1 million tonnes and marketable reserves of 97.9 million tonnes unchanged from prior estimates. The reserves remain co...
Aspire Mining Appoints Chen Li as Director With No Initial Shareholding
Aug 26, 2026
Aspire Mining Limited has announced the appointment of Chen Li as a director of the company, effective 24 August 2026. The filing with the ASX confirms that, at the time of appointment, Chen Li holds no relevant interests in Aspire Mining securiti...
Aspire Mining strengthens board with appointment of Chen Li
Aug 24, 2026
Aspire Mining has appointed Chen Li as an Independent Non-Executive Director, effective immediately, strengthening its board as it progresses the Ovoot Coking Coal Project. Li brings more than 15 years of experience in IPO advisory, capital market...
Aspire Mining advances Ovoot project development and funding plans in June quarter
Jul 31, 2026
Aspire Mining reported steady progress on core development work at the Ovoot Coking Coal Project during the June quarter of 2026. The company ended the period with about US$2.5 million in cash and no debt, while advancing detailed design for its c...
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.