Ardea Resources (ARL) AI Stock Analysis

• Market Cap: AU$125.20M
• Dividend Yield: N/A
• Average Volume (3M): 186.08K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.40
• Revenue Growth: N/A
• EPS Growth: 58.54%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): <0.01
• Shares Outstanding: 210,412,920
• 10 Day Avg. Volume: 158,451
• 30 Day Avg. Volume: 186,081
• PEG Ratio: 0.42
• Price to Book (P/B): 1.21
• Price to Sales (P/S): 22.29
• P/FCF Ratio: -1.54
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$0.89
• Price Target Upside: 47.77% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 56 Neutral
• Price Target: AU$0.50 ▼(-16.67% Downside)

The overall stock score is primarily influenced by strong technical momentum, despite weak financial performance and poor valuation metrics. The lack of earnings call data and corporate events means these factors do not impact the score.

Ardea Resources Business Overview & Revenue Model

Company Description

Ardea Resources (ARL) is an Australian mineral exploration and development company focused on the discovery and development of high-quality mineral resources, particularly in the nickel, cobalt, and gold sectors. The company primarily operates in Western Australia and is dedicated to sustainable mining practices, aiming to create value through the responsible extraction of its core products, which include nickel and cobalt, essential materials for battery production and various industrial applications.

How the Company Makes Money

Ardea Resources generates revenue through the exploration, development, and potential sale of its mineral resources. The company’s primary revenue streams come from the mining of nickel and cobalt, which are in high demand due to their use in electric vehicle batteries and renewable energy technologies. Additionally, Ardea may enter into joint ventures or partnerships with other mining firms to leverage expertise and share costs, further enhancing its revenue potential. The company's strategic focus on sustainability and responsible mining practices also positions it favorably in the marketplace, attracting investment and potential buyers for its resources.

Ardea Resources Financial Statement Overview

Summary

Ardea Resources shows strong revenue growth but faces significant profitability and cash flow challenges. The balance sheet is stable with manageable debt, but negative return on equity and cash flow inefficiencies are concerning.

Income Statement

Ardea Resources has shown significant revenue growth, with a 4371.21% increase in the latest year, indicating strong top-line expansion. However, the company is struggling with profitability, as evidenced by negative EBIT and EBITDA margins, and a net loss. The gross profit margin is positive, but the net profit margin remains negative, highlighting ongoing operational challenges.

Balance Sheet

The balance sheet shows a moderate debt-to-equity ratio, indicating manageable leverage. The equity ratio is healthy, suggesting a strong capital structure. However, the return on equity is negative, reflecting the company's inability to generate profit from shareholders' equity, which is a concern for investors.

Cash Flow

The cash flow statement reveals a significant increase in free cash flow, but it remains negative, indicating cash flow challenges. The operating cash flow to net income ratio is negative, suggesting inefficiencies in converting income into cash. The free cash flow to net income ratio is also negative, highlighting ongoing cash flow issues.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	3.68M	3.68M	322.36K	75.12K	22.24K	146.85K
Gross Profit	3.68M	3.68M	322.36K	-163.20K	-118.52K	54.76K
EBITDA	-3.35M	-3.35M	-7.45M	-4.00M	-5.19M	-2.21M
Net Income	-3.26M	-3.26M	-7.71M	-4.24M	-5.33M	-2.30M
Balance Sheet
Total Assets	125.37M	125.37M	59.78M	47.78M	50.60M	36.10M
Cash, Cash Equivalents and Short-Term Investments	14.68M	14.68M	14.85M	10.65M	22.02M	5.69M
Total Debt	49.72M	49.72M	1.24M	153.60K	280.29K	51.79K
Total Liabilities	57.74M	57.74M	4.61M	1.92M	1.59M	812.07K
Stockholders Equity	67.63M	67.63M	55.17M	45.87M	49.01M	35.29M
Cash Flow
Free Cash Flow	-54.63M	-53.39M	-11.63M	-13.31M	-10.34M	-10.14M
Operating Cash Flow	-6.12M	-6.12M	-4.14M	-1.37M	-2.07M	-554.67K
Investing Cash Flow	-46.98M	-46.98M	-7.49M	-10.00M	-7.28M	-8.40M
Financing Cash Flow	52.93M	52.93M	15.83M	-5.00K	25.68M	4.64M

Ardea Resources Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.60
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ARL, the sentiment is Neutral. The current price of 0.6 is below the 20-day moving average (MA) of 0.62, above the 50-day MA of 0.56, and above the 200-day MA of 0.45, indicating a neutral trend. The MACD of 0.01 indicates Positive momentum. The RSI at 49.31 is Neutral, neither overbought nor oversold. The STOCH value of 18.46 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:ARL.

Ardea Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
ARL	56 Neutral	AU$125.20M	-36.06	-5.35%	―	―	58.54%
ASM	49 Neutral	AU$234.54M	-6.46	-12.73%	―	2.00%	8.82%
EQR	45 Neutral	AU$150.13M	-2.48	-84.61%	―	149.43%	1.20%
MTH	41 Neutral	AU$93.93M	-16.40	―	―	―	54.26%
PSC	36 Underperform	AU$137.21M	-13.93	-20.60%	―	―	7.28%
AVL	35 Underperform	AU$103.96M	-8.57	-8.61%	―	―	41.67%

Ardea Resources Corporate Events

Ardea Resources Advances Goongarrie Project with Positive Economic Potential

Ardea Resources has announced the completion of the Pre-Feasibility Study phase for its Goongarrie Project, which is part of the larger Kalgoorlie Nickel Project. The project has now moved into the Definitive Feasibility Study phase, indicating positive economic potential. This development positions Ardea Resources to strengthen its role in the global battery value chains, potentially impacting stakeholders by enhancing the company’s operational capabilities and market positioning.

Ardea Resources Advances Goongarrie Hub with Japanese Consortium Partnership

Ardea Resources announced that a Japanese Consortium, including Sumitomo Metal Mining and Mitsubishi Corporation, has earned a 17.5% interest in the Kalgoorlie Nickel Project’s Goongarrie Hub by reaching a 50% milestone in the Definitive Feasibility Study (DFS) budget. This development marks a significant step towards the project’s advancement and positions Ardea as a key player in the nickel-cobalt industry, potentially benefiting the local and national economies through a major Critical Minerals collaboration between Australia and Japan.

The most recent analyst rating on (AU:ARL) stock is a Buy with a A$1.12 price target. To see the full list of analyst forecasts on Ardea Resources stock, see the AU:ARL Stock Forecast page.

Ardea Resources Advances Nickel-Cobalt Production with Successful Drilling Results

Ardea Resources has completed an infill drilling program at its Highway nickel-cobalt deposit, part of the larger Kalgoorlie Nickel Project – Goongarrie Hub. The drilling results reveal thick, high-grade nickel and cobalt mineralization, which is expected to enhance the project’s early production years. The company is advancing its Definitive Feasibility Study (DFS) with updated Mineral Resource Estimates and plans for detailed mine optimization. This progress is crucial for Ardea’s strategic positioning as a significant nickel-cobalt producer, aligning with high ESG standards and supported by major industry partners.

The most recent analyst rating on (AU:ARL) stock is a Buy with a A$1.12 price target. To see the full list of analyst forecasts on Ardea Resources stock, see the AU:ARL Stock Forecast page.

Ardea Resources Advances Kalgoorlie Nickel Project with Key Milestones Achieved

Ardea Resources Limited has announced significant progress in the Definitive Feasibility Study (DFS) for its Kalgoorlie Nickel Project – Goongarrie Hub, with the completion of an infill drilling program designed to enhance resource categorization. The project, managed by subsidiary Kalgoorlie Nickel Pty Ltd and funded by Sumitomo Metal Mining Co., Ltd and Mitsubishi Corporation, is on track to become a major nickel-cobalt producer. The company has achieved key milestones, including zero lost time injuries over the past year, and has made strategic management appointments to strengthen the project team. The ongoing stakeholder engagement and technical excellence demonstrated by the KNPL team are pivotal as the project advances toward production, aligning with high ESG standards expected in Australia and Japan.

The most recent analyst rating on (AU:ARL) stock is a Buy with a A$1.12 price target. To see the full list of analyst forecasts on Ardea Resources stock, see the AU:ARL Stock Forecast page.

Ardea Resources Advances Goongarrie Project with Positive Economic Outlook

Ardea Resources has announced the progression of its Goongarrie Project, a significant nickel-cobalt development in Australia. The project has completed its Pre-Feasibility Study phase and is moving into the Definitive Feasibility Study phase, indicating positive economic potential. This advancement positions the company strategically within the nickel-cobalt industry, potentially impacting its market presence and offering promising prospects for stakeholders.

The most recent analyst rating on (AU:ARL) stock is a Buy with a A$1.12 price target. To see the full list of analyst forecasts on Ardea Resources stock, see the AU:ARL Stock Forecast page.

Ardea Resources Secures $1.2 Million R&D Tax Rebate for Innovative Nickel Project

Ardea Resources Limited has received a $1.2 million R&D Tax Incentive Rebate from the Australian Tax Office for its innovative processing research at the Kalgoorlie Nickel Project. This rebate, alongside a recent strategic placement, strengthens Ardea’s financial position, supporting its ongoing research and development efforts. The company’s focus on maximizing the value of the Goongarrie deposits is highlighted by its Mineralised Neutraliser process, which has led to an international patent application. This development underscores Ardea’s commitment to advancing its globally significant Critical Minerals project and enhancing its industry positioning.

The most recent analyst rating on (AU:ARL) stock is a Buy with a A$1.12 price target. To see the full list of analyst forecasts on Ardea Resources stock, see the AU:ARL Stock Forecast page.