TipRanks
Go Ultimate55% OFF

Elevate Uranium Ltd (EL8) AI Stock Analysis

AU:EL8

Elevate Uranium Ltd

(ASX:EL8)

Select Model
Rating:55Neutral
Price Target:AUD 0.22â–²(4.88% Upside)
Action:reiterated
Date:09/26/26

The overall score reflects a strong, low‑leverage balance sheet and growing resource-backed asset base, weighed down by the absence of recurring revenue, steadily increasing losses, and heavy cash burn that create funding and dilution risk. Technical indicators point to a weak, volatile downtrend with only modest signs of being oversold, while traditional valuation metrics are unattractive due to negative earnings and no dividend, which is typical for an early-stage explorer but still limits downside protection.

Positive Factors
Low LeverageVery low leverage limits mandatory financing costs and reduces solvency pressure while the company advances its projects. The predominantly equity-funded structure provides greater flexibility to allocate capital toward exploration and development without carrying a heavy debt burden.
Negative Factors
Negligible and Volatile RevenueThe absence of meaningful recurring revenue shows that Elevate Uranium has not yet established an operating income base. Volatile, negligible revenue limits internal funding capacity and leaves future progress dependent on successful project advancement rather than established commercial cash generation.

Elevate Uranium Ltd (EL8) vs. iShares MSCI Australia ETF (EWA)

-40%-20%0%20%40%60%80%AU:EL8-29.31%EWA+14.93%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
AUD 94.32M
Dividend Yield
―
Average Volume (3M)
765.17K
Price to Earnings (P/E)
-5.9
Beta (1Y)
2.34
Revenue Growth
―
EPS Growth
2.23%
Country
Australia
Employees
20
Sector
Energy
Sector Strength
65
Industry
Uranium

Elevate Uranium Ltd Business Overview & Revenue Model

Company Description

Headquartered in West Perth, Australia, Elevate Uranium Ltd focuses on the exploration and evaluation of uranium reserves, a business it has pursued since its incorporation in 1978. The company's key operations are distributed across two main regions...

Elevate Uranium Ltd Financial Statement Overview

Summary

Financial performance is mixed: a very strong, low‑debt balance sheet and growing asset/equity base are offset by no recurring revenue, widening losses, and heavily negative operating and free cash flows that imply continued reliance on external funding.

Income Statement

25Negative

Balance Sheet

78Positive

Cash Flow

32Negative
Financial statement breakdown
BreakdownTTMJun 2026Jun 2025Jun 2024Jun 2023Jun 2022
Income Statement
Total Revenue00768.50K18200
Gross Profit-272.97K-272.97K768.50K-121.67K-117.68K-85.52K
EBITDA-16.15M-16.15M-11.85M-10.62M-8.51M-5.68M
Net Income-15.44M-15.44M-12.32M-10.75M-8.63M-5.73M
Balance Sheet
Total Assets37.32M37.32M25.46M13.26M12.54M19.33M
Cash, Cash Equivalents and Short-Term Investments28.82M28.82M21.71M10.83M10.06M15.81M
Total Debt322.22K322.22K432.41K74.21K146.03K177.27K
Total Liabilities2.22M2.22M1.57M1.48M1.02M838.59K
Stockholders Equity35.29M35.29M23.89M11.78M11.52M18.49M
Cash Flow
Free Cash Flow-13.30M-13.30M-11.71M-9.31M-5.90M-4.49M
Operating Cash Flow-12.70M-12.70M-11.62M-9.24M-5.83M-4.38M
Investing Cash Flow-3.35M-3.35M-714.24K-73.79K-74.52K-137.62K
Financing Cash Flow23.13M23.13M23.22M10.09M158.86K13.67M

Elevate Uranium Ltd Technical Analysis

Technical Analysis SentimentNegative
Last Price0.20

Price Trends

50DMA0.23Negative
100DMA0.24Negative
200DMA0.27Negative

Market Momentum

MACD-0.01Negative
RSI43.48Neutral
STOCH62.50Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:EL8, the sentiment is Negative. The current price of 0.20 is below the 20-day moving average (MA) of 0.21, below the 50-day MA of 0.23, and below the 200-day MA of 0.27, indicating a bearish trend. The MACD of -0.01 indicates Negative momentum. The RSI at 43.48 is Neutral, neither overbought nor oversold. The STOCH value of 62.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:EL8.

Elevate Uranium Ltd Peers Comparison

Overall Rating

UnderperformOutperform
Sector (65)

Financial Indicators

AU:EL8 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *65Neutral$15.17B7.614.09%5.20%3.87%-62.32%
AU:PDNAU:PDN63NeutralAUD 3.36B437.720.46%―――
AU:EL8AU:EL855NeutralAUD 100.23M-5.93-38.89%――2.23%
AU:BMNAU:BMN45NeutralAUD 805.46M-88.16-3.00%――-61.38%
AU:AEEAU:AEE40UnderperformAUD 75.29M-5.63-17.73%――32.77%
AU:DYLAU:DYL40UnderperformAUD 696.72M52.702.05%――85.14%
AU:PENAU:PEN40UnderperformAUD 105.74M-0.77-39.57%――-158.48%

* Energy Sector Average

Performance Comparison

-50%0%50%AU:EL8AU:PDNAU:AEEAU:BMNAU:DYLAU:PENDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
AU:EL8 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
AU:EL8Elevate Uranium Ltd0.20-0.12-35.94%
AU:PDNPaladin Energy Ltd7.58-1.71-18.41%
AU:AEEAura Energy Limited0.07-0.14-67.44%
AU:BMNBannerman Energy Ltd3.550.123.50%
AU:DYLDeep Yellow Limited0.73-0.92-55.59%
AU:PENPeninsula Energy Limited0.18-0.38-67.57%

Elevate Uranium Ltd Corporate Events

Elevate Uranium Lifts Marenica Project Stake to 90% With Share Issue

Oct 30, 2026

Elevate Uranium has issued 5,683,067 fully paid ordinary shares as consideration to acquire an additional 5% stake in Marenica Minerals, lifting its ownership of the Marenica Uranium Project in Namibia to 90%. The share issue, made without a prospect...

Elevate Uranium Lifts Marenica Stake to 90% in Namibia

Oct 30, 2026

Elevate Uranium has increased its ownership of Marenica Minerals to 90%, consolidating control of the Marenica Uranium Project in Namibia’s Erongo Region. The transaction simplifies the project’s ownership structure and boosts Elevate&#82...

Elevate Uranium Grants New Unquoted Equity Under Incentive Schemes

Oct 26, 2026

Elevate Uranium Ltd has issued a series of new unquoted equity securities under its employee incentive schemes, including long-term incentive performance rights, long-term incentive options, and short-term incentive performance rights. The grant of t...

Elevate Uranium Grants New Employee Incentive Securities Under 2026 Plan

Oct 26, 2026

Elevate Uranium Ltd has granted a package of unlisted securities under its 2026 Incentives Award Plan to eligible employees, comprising long-term incentive performance rights, options and short-term incentive performance rights. The awards are struct...

Elevate Uranium Plans New Director Options and Performance Rights Issue

Oct 23, 2026

Elevate Uranium Ltd has notified the ASX of a proposed issue of securities comprising director service options and short- and long-term incentive performance rights. The instruments, scheduled for issue in late November 2026, are structured as a plac...

Elevate Uranium Sets 2026 AGM and Moves to Digital Meeting Materials

Oct 23, 2026

Elevate Uranium has scheduled its 2026 Annual General Meeting of shareholders for 25 November in West Perth, outlining arrangements for investor participation and governance oversight. The company is shifting to electronic distribution of meeting mat...

Elevate Uranium Sets 2026 AGM, Moves to Digital Meeting Materials

Oct 23, 2026

Elevate Uranium Ltd operates in the Australian resources sector with a focus on uranium exploration and development, aiming to grow its portfolio of projects and deliver returns to shareholders under the framework of domestic corporate regulation.The...

Elevate Uranium Extends Deadline to Lift Marenica Stake to 90%

Sep 30, 2026

Elevate Uranium Ltd has granted a further extension to the closing date for acquiring the remaining 5% stake in Marenica Minerals, owner of the Marenica Uranium Project in Namibia, moving the deadline from 30 September 2026 to 30 October 2026. The co...

Elevate Uranium Releases 2026 Annual Financial Report and Confirms Corporate Structure

Sep 25, 2026

Elevate Uranium Ltd has released its annual financial report for the year ended 30 June 2026, providing updated corporate information and confirming its current governance and administrative structure. The report underscores the company’s estab...

Elevate Uranium Updates Director Murray Hill’s Equity Holdings

Sep 11, 2026

Elevate Uranium Limited has reported a change in the securities interests of director Murray Hill, reflecting adjustments in both his direct and indirect holdings through personal accounts and a family superannuation fund. The update details modifica...

Elevate Uranium Clears Trading of New Employee Incentive Shares

Sep 11, 2026

Elevate Uranium Ltd has issued 910,890 fully paid ordinary shares following the conversion of an equivalent number of 2025 short-term employee incentive rights, expanding its share capital through equity-based staff compensation.The company has lodge...

Elevate Uranium Seeks ASX Quotation for Additional Shares

Sep 11, 2026

Elevate Uranium Ltd has applied to the ASX for quotation of 910,890 ordinary fully paid shares. The new securities result from the exercise or conversion of existing options or other convertible instruments, modestly increasing the company’s fr...

Elevate Uranium Builds Critical Mass With 181Mlb Global Resource Base

Sep 8, 2026

Elevate Uranium Ltd is a uranium exploration and development specialist listed on the ASX, OTCQX and NSX, building a dedicated portfolio in two Tier-1 jurisdictions. The company is leveraging its proprietary U-pgrade processing technology to advance...

Elevate Uranium Options Lapse Without Exercise, Simplifying Capital Structure

Sep 2, 2026

Elevate Uranium Ltd has notified the market of the cessation of certain listed options after they reached their expiry date without being exercised or converted. The company reported that 300,000 Class B options and 100,000 Class A options, each with...

Elevate Uranium Reports Expiry of Unlisted Options

Sep 2, 2026

Elevate Uranium Ltd has announced that 100,000 Class EL8AN unlisted options and 300,000 Class EL8AO unlisted options, each exercisable at $0.70, expired on 28 August 2026. This expiry slightly reduces the company’s potential future share diluti...

Elevate Uranium’s U-pgrade Pilot Plant Delivers Strong Early Results at Marenica

Aug 30, 2026

Elevate Uranium has reported successful interim results from its U-pgrade pilot plant in Namibia, which is treating ore from the Marenica Uranium Project. The first four stages of the five-stage process are operating to design, with ongoing optimisat...

Elevate Uranium Delays Final Tranche in Marenica Share Purchase

Aug 7, 2026

Elevate Uranium has updated the market on its proposed issue of securities linked to the staged acquisition of shares in Marenica Minerals Pty Ltd. The company confirmed that settlement of the remaining 5% interest in Marenica has had its closing dat...

Elevate Uranium Extends Deadline to Lift Marenica Project Stake to 90%

Aug 7, 2026

Elevate Uranium has extended the deadline to 30 September 2026 to complete the acquisition of a remaining 5% stake in Marenica Minerals, which owns the Marenica Uranium Project in Namibia. The company recently closed a separate deal to lift its holdi...

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.

Date of analysis: Sep 26, 2026