Want to see AU:BMR full AI Analyst Report?
Top Page
Ballymore Resources Limited
(Sydney:BMR)
Select Model
Select Model
Rating:43Neutral
Price Target:
AU$0.12
▼(-13.57% Downside)
Action:Reiterated
Date:10/03/26
The score is primarily constrained by weak financial performance (pre-revenue profile, persistent losses, and ongoing cash burn with rising debt). Technicals add a modestly negative tilt (below the 200-day average and negative MACD). Valuation provides limited support because earnings are negative and there is no dividend yield provided.
Positive Factors
Equity Cushion
A meaningful equity base relative to assets provides Ballymore with some balance-sheet resilience while it remains an early-stage explorer. This cushion can help absorb operating losses and support continued activity, although it does not eliminate the need for future funding.
Negative Factors
Pre-Revenue Loss Profile
The absence of meaningful revenue combined with persistent losses shows that Ballymore has not yet demonstrated a self-funding commercial operation. Continued reliance on exploration outcomes makes earnings visibility weak and leaves future profitability dependent on achieving a successful development or production inflection.
Read all positive and negative factors
Positive Factors
Negative Factors
Equity Cushion
A meaningful equity base relative to assets provides Ballymore with some balance-sheet resilience while it remains an early-stage explorer. This cushion can help absorb operating losses and support continued activity, although it does not eliminate the need for future funding.
Read all positive factors
Ballymore Resources Limited (BMR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$31.21M
Dividend YieldN/A
Average Volume (3M)80.81K
Price to Earnings (P/E)―
Beta (1Y)2.07
Revenue GrowthN/A
EPS Growth-5.38%
CountryAU
Employees2
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.01
Shares Outstanding249,706,090
10 Day Avg. Volume74,217
30 Day Avg. Volume80,808
Financial Highlights & Ratios
PEG Ratio-0.51
Price to Book (P/B)1.21
Price to Sales (P/S)0.00
P/FCF Ratio-14.13
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
Ballymore Resources Limited Business Overview & Revenue Model
Company Description
Ballymore Resources Limited operates as an exploration and development company, focusing on discovering and extracting gold, copper, silver, lead, zinc, and various other metals. The firm holds complete ownership of several significant projects ac...
How the Company Makes Money
null...
Ballymore Resources Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
48
Neutral
Cash Flow
20
Very Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 60.60K | 0.00 | 0.00 | 0.00 |
| Gross Profit | -81.44K | 60.60K | -56.70K | -49.90K | -49.03K |
| EBITDA | -1.42M | -786.50K | -1.71M | -853.61K | -684.67K |
| Net Income | -3.10M | -2.32M | -1.90M | -878.02K | -733.70K |
Balance Sheet | |||||
| Total Assets | 30.97M | 22.98M | 23.61M | 13.19M | 10.37M |
| Cash, Cash Equivalents and Short-Term Investments | 4.44M | 2.30M | 7.94M | 1.47M | 2.54M |
| Total Debt | 10.96M | 9.34M | 33.26K | 56.56K | 0.00 |
| Total Liabilities | 12.32M | 10.28M | 8.60M | 467.83K | 370.74K |
| Stockholders Equity | 18.65M | 12.69M | 15.02M | 12.72M | 10.00M |
Cash Flow | |||||
| Free Cash Flow | -1.60M | -5.64M | -4.58M | -4.53M | -4.26M |
| Operating Cash Flow | -913.37K | -723.38K | -1.02M | -658.75K | -667.52K |
| Investing Cash Flow | -5.71M | -4.91M | -3.55M | -3.87M | -3.60M |
| Financing Cash Flow | 8.76M | 0.00 | 11.04M | 3.47M | 6.58M |
Ballymore Resources Limited Technical Analysis
Negative
0.14
Price Trends
0.13
Negative
0.13
Negative
0.18
Negative
Market Momentum
>-0.01
Positive
43.67
Neutral
25.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:BMR, the sentiment is Negative. The current price of 0.14 is above the 20-day moving average (MA) of 0.13, above the 50-day MA of 0.13, and below the 200-day MA of 0.18, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 43.67 is Neutral, neither overbought nor oversold. The STOCH value of 25.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:BMR.
Ballymore 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% | |
50 Neutral | AU$61.76M | -10.00 | -12.51% | ― | ― | 11.90% | |
45 Neutral | AU$35.60M | -7.73 | -69.67% | ― | ― | -30.00% | |
45 Neutral | AU$33.21M | -2.00 | -86.76% | ― | ― | -119.78% | |
43 Neutral | AU$31.21M | -8.70 | -18.09% | ― | ― | -5.38% | |
43 Neutral | AU$32.99M | -24.00 | -11.48% | ― | ― | 63.64% | |
43 Neutral | AU$24.92M | -1.96 | -38.32% | ― | ― | -34.87% |
* Basic Materials Sector Average
AU:BMR
Ballymore Resources Limited
0.12
-0.02
-16.08%
AU:ODE
Odessa Minerals Limited
0.02
<0.01
30.77%
AU:QML
QMines Ltd.
0.08
0.02
31.03%
AU:RIM
Rimfire Pacific Mining Limited
0.01
>-0.01
-36.84%
AU:HAR
Haranga Resources Limited
0.06
-0.13
-67.37%
AU:DES
Desoto Resources Ltd.
0.12
-0.06
-33.33%
Ballymore Resources Limited Corporate Events
Ballymore Resources lodges ASX governance disclosures for 2026
Sep 29, 2026
Ballymore Resources Limited has confirmed that its corporate governance statement for the year to 30 June 2026 is available on its website, in line with ASX Listing Rule 4.10.3. The statement, current as at 29 September 2026 and approved by the bo...
Ballymore Resources Tightens Governance Framework as Operations Grow
Sep 29, 2026
Ballymore Resources Limited has outlined its corporate governance practices for the year ended 30 June 2026, affirming its commitment to high standards aligned with the ASX Corporate Governance Council’s principles and recommendations. The b...
Ballymore Builds Momentum as Dittmer and Torpy’s Drive FY2027 Strategy
Sep 29, 2026
Ballymore enters FY2027 with strong operational momentum following a year of exploration success and project advancement. The company is prioritising the Dittmer project through resource definition, trial mining and development evaluation, signall...
Ballymore extends shallow high-grade polymetallic mineralisation at Torpy’s
Sep 24, 2026
Ballymore Resources has reported further high-grade silver-lead-zinc-indium assay results from the Torpy’s prospect at its Ruddygore Project in North Queensland, with recent drilling extending mineralisation about 30 metres up-dip and closer...
Ballymore Extends High-Grade Silver-Lead-Zinc Mineralisation at Torpy’s Discovery
Sep 8, 2026
Ballymore Resources has reported further high-grade silver, lead, zinc and indium assay results from drilling at the Torpy’s discovery within its Ruddygore Project in North Queensland. New shallow intersections, including 2m grading 580.4g/t...
Ballymore Director Boosts Stake Via Entitlement Offer
Aug 20, 2026
Ballymore Resources director Andrew Greville has increased his direct and indirect holdings in the company through participation in a recent entitlement offer approved by shareholders. His interests are held via family and superannuation accounts ...
Ballymore Resources Issues 940,409 Unquoted Long-Dated Options
Aug 20, 2026
Ballymore Resources Limited has notified the market of the issue of 940,409 unquoted options, exercisable at $0.22 and expiring on December 31, 2028. The options, designated under ASX code BMRAL, form part of previously announced transactions and ...
Ballymore Resources Bolsters Capital Base With New Share Issue
Aug 20, 2026
Ballymore Resources Limited has issued 1,880,819 new ordinary shares, notifying the market under section 708A of the Corporations Act that the placement was completed without a full disclosure document. The company confirmed it is compliant with k...
Ballymore Resources Seeks ASX Quotation for 1.88m New Shares
Aug 20, 2026
Ballymore Resources Limited has applied for quotation on the ASX of 1,880,819 new ordinary fully paid shares, to be issued on August 20, 2026. The securities form part of previously announced transactions, indicating a continuation of the company&...
Ballymore Clears All Resolutions at General Meeting as Queensland Projects Advance
Aug 20, 2026
Ballymore Resources Limited reported that all resolutions put to shareholders at its general meeting on 20 August 2026 were passed by poll. The board’s approval of the meeting results removes potential governance hurdles as the company advan...
Ballymore extends high-grade silver-lead-zinc mineralisation at Torpy’s discovery
Aug 3, 2026
Ballymore Resources has reported further broad zones of massive sulphide mineralisation at its Torpy’s discovery within the Ruddygore Project in North Queensland, confirming high-grade silver-lead-zinc-indium mineralisation closer to surface...
Ballymore Advances Dittmer Underground Works and Bolsters Funding Base
Jul 30, 2026
Ballymore Resources reported solid progress at its Dittmer gold project in Queensland for the quarter ended 30 June 2026, advancing underground development to upgrade 4 Level access and a southern exploration drive. This new infrastructure is desi...
Ballymore ramps up Dittmer copper-gold and high-grade gold programs
Jul 7, 2026
Ballymore Resources has launched a deep ground magnetotelluric survey at its Dittmer Project in Queensland to target a potentially concealed porphyry copper-gold system beneath the historic high-grade gold mine. The government-funded program will ...
Ballymore Resources Issues 4 Million Shares to Support Queensland Exploration Push
Jul 3, 2026
Ballymore Resources Limited has issued 4,000,000 ordinary shares, notifying the market under section 708A of the Corporations Act that the placement was made without a disclosure document. The company confirms it is compliant with relevant continu...
Ballymore Resources Seeks ASX Quotation for Additional Shares
Jul 3, 2026
Ballymore Resources Limited has applied to the ASX for quotation of 100,000 new fully paid ordinary shares, to be issued on July 3, 2026. The modest size of this issuance suggests routine capital management activity, incrementally increasing the c...
Ballymore Resources Issues New Unquoted Options on ASX
Jul 3, 2026
Ballymore Resources Limited has notified the market of the issue of 250,000 unquoted options, exercisable at $0.22 and expiring on December 31, 2028. The options were issued on July 3, 2026, as detailed in an Appendix 3G filing with the ASX.The mo...
Ballymore Resources Issues 2 Million Unquoted Options Expiring in 2028
Jul 3, 2026
Ballymore Resources Limited has issued 2,000,000 unquoted options with an exercise price of $0.22, expiring on 31 December 2028, under its existing Appendix 3B framework. The new options are not intended to be quoted on the ASX and form part of th...
Ballymore Resources Seeks ASX Quotation for 4 Million New Shares
Jul 3, 2026
Ballymore Resources Limited has applied for quotation of 4,000,000 ordinary fully paid shares on the ASX, with an issue date of 3 July 2026. The new securities, linked to previously announced transactions, expand the company’s listed capital...
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.