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Diablo Resources Limited
(Sydney:DBO)
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Rating:47Neutral
Price Target:
AU$0.02
â–¼(-20.00% Downside)
Action:Reiterated
Date:09/26/26
The score is primarily held back by weak financial performance—no revenue, continuing losses, and persistent negative free cash flow—despite the benefit of having no debt and positive equity. Technicals are also a drag with negative MACD and price below key moving averages, while valuation provides limited support due to a negative P/E and no dividend yield data.
Positive Factors
Debt-free balance sheet
A debt-free balance sheet reduces interest obligations and financial distress risk while preserving flexibility to direct available capital toward exploration. Positive equity also provides a stronger base for funding operations than a highly leveraged structure, supporting resilience over the next several quarters.
Negative Factors
No operating revenue
No revenue over multiple reporting years confirms that the company remains pre-revenue and has not yet converted exploration activity into an operating income stream. This leaves the business dependent on future exploration outcomes rather than established customer demand to create self-funded growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A debt-free balance sheet reduces interest obligations and financial distress risk while preserving flexibility to direct available capital toward exploration. Positive equity also provides a stronger base for funding operations than a highly leveraged structure, supporting resilience over the next several quarters.
Read all positive factors
Diablo Resources Limited (DBO) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$8.12M
Dividend YieldN/A
Average Volume (3M)1.13M
Price to Earnings (P/E)―
Beta (1Y)1.85
Revenue GrowthN/A
EPS Growth22.39%
CountryAU
Employees4
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding541,073,000
10 Day Avg. Volume1,026,444
30 Day Avg. Volume1,130,774
Financial Highlights & Ratios
PEG Ratio0.11
Price to Book (P/B)0.90
Price to Sales (P/S)0.00
P/FCF Ratio-3.33
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
Diablo Resources Limited Business Overview & Revenue Model
Company Description
Diablo Resources Limited, an entity established in 2021 and headquartered in West Perth, Australia, specializes in the acquisition and exploration of mineral properties throughout the United States. Its current portfolio includes a 100% ownership ...
How the Company Makes Money
null...
Diablo Resources Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
24
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 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -1.19M | -762.53K | -9.77M | -517.09K | -806.27K |
| Net Income | -1.17M | -762.53K | -9.77M | -4.15M | -806.27K |
Balance Sheet | |||||
| Total Assets | 3.41M | 764.64K | 821.63K | 10.04M | 13.66M |
| Cash, Cash Equivalents and Short-Term Investments | 1.25M | 180.33K | 556.58K | 2.52M | 4.24M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 162.66K | 236.11K | 114.77K | 530.99K | 64.38K |
| Stockholders Equity | 3.24M | 528.53K | 706.86K | 9.51M | 13.59M |
Cash Flow | |||||
| Free Cash Flow | -876.64K | -563.90K | -491.20K | -1.38M | -1.76M |
| Operating Cash Flow | -876.64K | -563.90K | -491.20K | -390.08K | -323.40K |
| Investing Cash Flow | -1.61M | -355.02K | -2.43M | -1.17M | -1.58M |
| Financing Cash Flow | 3.54M | 542.67K | 958.47K | 0.00 | 6.00M |
Diablo Resources Limited Technical Analysis
Positive
0.02
Price Trends
0.02
Positive
0.02
Positive
0.02
Positive
Market Momentum
<0.01
Negative
55.61
Neutral
175.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:DBO, the sentiment is Positive. The current price of 0.02 is above the 20-day moving average (MA) of 0.02, above the 50-day MA of 0.02, and above the 200-day MA of 0.02, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 55.61 is Neutral, neither overbought nor oversold. The STOCH value of 175.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:DBO.
Diablo 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$16.49M | -19.30 | -13.41% | ― | ― | 76.01% | |
47 Neutral | AU$8.12M | -2.88 | -40.61% | ― | ― | 22.39% | |
44 Neutral | AU$6.65M | -2.33 | -23.50% | ― | ― | 21.51% | |
44 Neutral | AU$5.86M | -1.13 | -114.26% | ― | ― | 42.86% | |
43 Neutral | AU$4.88M | 0.31 | 114.86% | ― | ― | ― | |
39 Underperform | AU$14.09M | -0.87 | -396.83% | ― | ― | -38.78% |
* Basic Materials Sector Average
AU:DBO
Diablo Resources Limited
0.02
-0.04
-71.15%
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Aruma Resources Limited
0.01
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AU:A8G
Australasian Metals Limited
0.24
0.15
172.73%
AU:KTA
Krakatoa Resources Ltd.
0.01
0.00
0.00%
AU:WC1
West Cobar Metals Ltd.
0.02
>-0.01
-19.05%
AU:NPM
NewPeak Metals Ltd.
0.01
>-0.01
-41.18%
Diablo Resources Limited Corporate Events
Diablo Resources Files Appendix 4G, Confirms ASX Governance Compliance
Sep 22, 2026
Diablo Resources Limited has lodged its Appendix 4G with the ASX, confirming that its corporate governance statement for the year to 30 June 2026 is available on its website and has been approved by the board as of 22 September 2026. The filing de...
Diablo Resources Highlights Governance Framework in 2026 Financial Report
Sep 22, 2026
Diablo Resources Limited released its financial report for the year ended 30 June 2026, highlighting its established corporate governance framework and ASX listing under code DBO. The report underscores the company’s structured oversight thr...
Diablo Resources Reaffirms Utah Critical Minerals Project Assumptions
Sep 13, 2026
Diablo Resources has released a project acquisition update outlining its regional critical minerals opportunity in Utah, U.S. The presentation reinforces previously disclosed exploration results and confirms that no new information or data materia...
Diablo Resources Plans Investor Webinar to Update on Exploration Activities
Sep 9, 2026
Diablo Resources Limited will host an investor webinar on Monday, 14 September 2026, offering shareholders and potential investors a detailed company update. Chief Executive Officer Lyle Thorne and Chairman Paul Lloyd will outline current explorat...
Diablo Resources Consolidates Horn Silver Claims and Ramps Up Utah Exploration
Sep 7, 2026
Diablo Resources has exercised an option over 101 patented claims at the Horn Silver Project in Beaver County, Utah, consolidating control over 202 patented and unpatented claims spanning 13.2 square kilometers. The package includes the historic H...
Diablo Resources Launches Maiden Drilling at High-Grade North Star Prospect in Utah
Sep 1, 2026
Diablo Resources has commenced its maiden diamond drilling program at the North Star Prospect within the Star Range Project in Utah, marking a shift from surface exploration to subsurface testing. The initial 1,000m program across five diamond hol...
Diablo Resources Advances Utah Critical Minerals Drilling at Star Range and Horn Silver
Aug 23, 2026
Diablo Resources has completed earthworks at the North Star Prospect within its Star Range Project in Utah, establishing access and drill pads for an initial diamond drilling campaign. The program, comprising five holes for about 1,000 metres, is ...
Diablo Resources Names New Director, Details Indirect Shareholdings
Aug 17, 2026
Diablo Resources Limited has appointed Patrick Say as a director effective 14 August 2026, marking a further evolution of its boardroom line-up in the resources sector. The company disclosed that Say holds no Diablo shares directly, but has signif...
Diablo Resources Issues Shares to Secure 80% Stake in Utah Horn Silver Project
Aug 17, 2026
Diablo Resources has issued 36 million fully paid ordinary shares as consideration to acquire an 80% interest in Antler Resources LLC, which holds 101 unpatented mining lode claims and an option over 101 patented claims comprising the Horn Silver ...
Diablo Resources Boosts Director Equity Stake With New Performance Rights
Jul 14, 2026
Diablo Resources has disclosed a change in director Paul Lloyd’s interests following the issue of 13 million performance rights, approved by shareholders at a general meeting on 29 June 2026. The new allocation, received for no cash consider...
Diablo Resources Issues 36 Million Unquoted Performance Rights Under Incentive Plan
Jul 14, 2026
Diablo Resources Limited has notified the market of the issue of 36,000,000 unquoted performance rights under its employee incentive scheme, effective 14 July 2026. The securities are subject to transfer restrictions and will not be quoted on the ...
Diablo Resources Seeks ASX Quotation for Over 210 Million New Shares
Jul 5, 2026
Diablo Resources Limited has applied for quotation on the ASX of 210,430,769 ordinary fully paid shares under the code DBO, with an issue date of 6 July 2026. The large volume of securities coming to market signals a significant capital-related tr...
Diablo Resources completes second tranche of $3.5m share placement
Jul 5, 2026
Diablo Resources Limited has completed the second tranche of a share placement, issuing 210,430,769 fully paid ordinary shares at $0.013 each to raise approximately $2.74 million from institutional, sophisticated and existing shareholders. This br...
Diablo Wins Shareholder Backing for Transformational Horn Silver Deal
Jul 1, 2026
Diablo Resources has secured shareholder approval to acquire an 80% interest in the high-grade Horn Silver Project in Utah, a historic mine district that produced significant silver and gold and is considered a transformational asset for the compa...
Diablo Resources Shareholders Back Acquisition and Incentive Plan Resolutions
Jun 29, 2026
Diablo Resources reported that all resolutions put to its 29 June general meeting were passed by shareholders on a poll, including approvals related to an acquisition and associated share issues. The strong support for issuing consideration and mi...
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.