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Bulletin Resources Limited
(Sydney:BNR)
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Rating:46Neutral
Price Target:
AU$0.03
▼(-56.67% Downside)
Action:Reiterated
Date:09/27/26
The score is mainly held back by weak and volatile financial performance, including revenue falling to zero and ongoing cash burn. Technical indicators add modest pressure with the stock below key longer-term moving averages and a negative MACD. A debt-free balance sheet and a low P/E provide some support, but not enough to offset the operational and cash flow risks.
Positive Factors
Debt-free balance sheet
A debt-free balance sheet reduces financial risk and avoids interest obligations while the company advances its exploration portfolio. This provides greater flexibility to allocate available capital toward technical work and project evaluation without the added pressure of leverage or refinancing.
Negative Factors
Revenue has fallen to zero
Revenue falling to zero demonstrates that the company has not yet established a repeatable operating revenue stream. This weakens visibility on internally funded growth and means future progress remains dependent on successful project advancement and access to funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A debt-free balance sheet reduces financial risk and avoids interest obligations while the company advances its exploration portfolio. This provides greater flexibility to allocate available capital toward technical work and project evaluation without the added pressure of leverage or refinancing.
Read all positive factors
Bulletin Resources Limited (BNR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$8.81M
Dividend YieldN/A
Average Volume (3M)279.18K
Price to Earnings (P/E)―
Beta (1Y)-0.72
Revenue GrowthN/A
EPS Growth-132.20%
CountryAU
Employees3
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding293,613,300
10 Day Avg. Volume214,756
30 Day Avg. Volume279,178
Financial Highlights & Ratios
PEG Ratio0.16
Price to Book (P/B)0.88
Price to Sales (P/S)0.00
P/FCF Ratio-9.49
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
Bulletin Resources Limited Business Overview & Revenue Model
Company Description
Bulletin Resources Limited is an Australian company primarily engaged in mineral exploration, focusing on identifying deposits of gold, lithium, and nickel. The company's portfolio includes several key projects: the Lake Rebecca gold project, loca...
How the Company Makes Money
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Bulletin Resources Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
22
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 73.18K | 211.30K | 3.11M | 357.83K |
| Gross Profit | -13.68K | -14.29K | 211.30K | 3.10M | 353.97K |
| EBITDA | -1.42M | 2.51M | -2.19M | 185.86K | -1.43M |
| Net Income | -569.63K | 1.75M | -647.20K | 563.58K | 462.69K |
Balance Sheet | |||||
| Total Assets | 13.85M | 15.12M | 12.48M | 12.76M | 10.76M |
| Cash, Cash Equivalents and Short-Term Investments | 13.50M | 14.76M | 10.92M | 11.17M | 8.21M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 526.90K | 1.23M | 525.01K | 856.10K | 344.78K |
| Stockholders Equity | 13.32M | 13.89M | 11.96M | 11.90M | 10.41M |
Cash Flow | |||||
| Free Cash Flow | -1.24M | -1.18M | -1.56M | 1.41M | -1.90M |
| Operating Cash Flow | -1.22M | -1.18M | -1.56M | 1.41M | -1.84M |
| Investing Cash Flow | 504.56K | 1.04M | 1.02M | 43.86K | 3.78M |
| Financing Cash Flow | 0.00 | 183.59K | 2.22K | 0.00 | 4.37M |
Bulletin Resources Limited Technical Analysis
Neutral
0.06
Price Trends
0.03
Negative
0.04
Negative
0.04
Negative
Market Momentum
>-0.01
Negative
50.60
Neutral
33.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:BNR, the sentiment is Neutral. The current price of 0.06 is above the 20-day moving average (MA) of 0.03, above the 50-day MA of 0.03, and above the 200-day MA of 0.04, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 50.60 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:BNR.
Bulletin 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% | |
52 Neutral | AU$8.58M | -9.76 | -12.64% | ― | ― | -28.00% | |
46 Neutral | AU$8.81M | -15.79 | -3.57% | ― | ― | -132.20% | |
46 Neutral | AU$15.89M | -2.79 | -33.13% | ― | ― | -345.45% | |
45 Neutral | AU$6.96M | -10.00 | -24.46% | ― | ― | ― | |
42 Neutral | AU$6.47M | -0.64 | -171.60% | ― | ― | 22.92% | |
38 Underperform | AU$9.46M | -6.01 | -4.80% | ― | ― | 66.67% |
* Basic Materials Sector Average
AU:BNR
Bulletin Resources Limited
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Nelson Resources Ltd.
―
―
―
AU:FNR
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Bulletin Resources Limited Corporate Events
Bulletin Resources Sets Date and Director Nomination Deadline for 2026 AGM
Sep 22, 2026
Bulletin Resources Limited has announced it will hold its Annual General Meeting on Thursday, 26 November 2026, providing formal notice to shareholders and the market. The company has also set Wednesday, 30 September 2026 as the deadline for recei...
Bulletin Resources Updates ASX Corporate Governance Disclosures
Sep 21, 2026
Bulletin Resources Limited has lodged its Appendix 4G and confirmed that its corporate governance statement for the year to 30 June 2026 is current as of 21 September 2026 and approved by the board. The statement, accessible on the company’s...
Bulletin Resources Details Governance Framework in 2026 Annual Report
Sep 21, 2026
Bulletin Resources Limited, listed on the Australian Securities Exchange under the ticker BNR, operates from Perth with a non-executive board and a company secretary overseeing governance. The company relies on established firms for audit, banking...
Bulletin Resources Director Robert Martin Increases Indirect Shareholding
Jul 12, 2026
Bulletin Resources Limited has disclosed a change in director Robert Martin’s indirect interest in the company’s securities, following on-market purchases in early July 2026. Through investment entities in which he is a director and be...
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.