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Equatorial Resources Limited (EQX) AI Stock Analysis
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Equatorial Resources Limited
(ASX:EQX)
The extremely low score is primarily driven by persistent unprofitability, zero revenue generation, and sustained cash burn. Compounding these fundamental weaknesses is severe bearish technical momentum across all moving averages and speculative valuation metrics. The only mitigating factor is a debt-free balance sheet, which temporarily delays immediate insolvency risks.
Equatorial Resources Limited (EQX) vs. iShares MSCI Australia ETF (EWA)
- Market Cap
- AUD 13.80M
- Dividend Yield
- ―
- Average Volume (3M)
- 71.48K
- Price to Earnings (P/E)
- -14.4
- Beta (1Y)
- 0.48
- Revenue Growth
- ―
- EPS Growth
- 77.40%
- Country
- Australia
- Employees
- 15
- Sector
- Basic Materials
- Sector Strength
- 61
- Industry
- Steel
Equatorial Resources Limited Business Overview & Revenue Model
Company Description
Equatorial Resources Limited, an Australian company established in 1986 and based in Perth, concentrates its efforts on the discovery and advancement of iron ore deposits located within the Republic of Congo.
Equatorial Resources Limited Financial Statement Overview
Summary
Pre-revenue status and persistent operational cash burn severely strain the financial profile. However, a completely debt-free balance sheet provides a temporary safety net against immediate insolvency.
Income Statement
12Very NegativeBalance Sheet
60NeutralCash Flow
15Very Negative| Breakdown | TTM | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0 | 0 | 571.25K | 0 | 0 | 0 |
| Gross Profit | 0 | 0 | 571.25K | 0 | 0 | 0 |
| EBITDA | -95.42K | -1.09M | -696.85K | -726.39K | -2.42M | 138.76K |
| Net Income | -964.49K | -964.49K | -4.25M | -1.76M | -4.19M | -17.26M |
Balance Sheet | ||||||
| Total Assets | 7.13M | 7.13M | 9.66M | 15.90M | 16.69M | 18.50M |
| Cash, Cash Equivalents and Short-Term Investments | 7.09M | 7.09M | 9.60M | 13.82M | 16.66M | 18.45M |
| Total Debt | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 142.85K | 142.85K | 190.21K | 1.85M | 2.49M | 297.11K |
| Stockholders Equity | 10.29M | 10.29M | 11.17M | 15.31M | 15.90M | 19.90M |
Cash Flow | ||||||
| Free Cash Flow | -2,511 | -2.51M | -4.22M | -2.83M | -1.79M | -1.51M |
| Operating Cash Flow | -2,511 | -2.51M | -4.22M | -2.83M | -1.79M | -1.51M |
| Investing Cash Flow | 0 | 0 | 0 | -7,624 | 0 | 0 |
| Financing Cash Flow | 0 | 0 | 0 | -6,431 | 0 | 0 |
Equatorial Resources Limited Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:EQX, the sentiment is Negative. The current price of 0.10 is below the 20-day moving average (MA) of 0.12, below the 50-day MA of 0.13, and below the 200-day MA of 0.16, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 24.01 is Positive, neither overbought nor oversold. The STOCH value of 0.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:EQX.
Equatorial Resources Limited Peers Comparison
Overall Rating
AU:GRR60Neutral
AU:MGX45Neutral
AU:M4M44Neutral
AU:IRD43Neutral- AU:EQX39Underperform
AU:PLG26Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 61Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
| AU:GRR | 60Neutral | AUD 121.52M | -0.24 | -60.80% | ― | 1.83% | -1210.61% |
| AU:MGX | 45Neutral | AUD 354.13M | -11.67 | -7.06% | ― | -42.65% | 62.24% |
| AU:M4M | 44Neutral | AUD 32.51M | -20.00 | -47.84% | ― | 12132.73% | 55.56% |
| AU:IRD | 43Neutral | AUD 5.88M | -0.06 | -248.65% | ― | ― | -2044.26% |
| AU:EQX | 39Underperform | AUD 13.80M | -14.38 | -10.87% | ― | ― | 77.40% |
| AU:PLG | 26Underperform | AUD 6.34M | 3.23 | 67.39% | ― | ― | ― |
* Basic Materials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| AU:EQX | Equatorial Resources Limited | 0.10 | -0.12 | -52.27% | |
| AU:GRR | Grange Resources Limited | 0.10 | -0.16 | -60.38% | |
| AU:IRD | Iron Road Ltd | 0.01 | -0.04 | -78.72% | |
| AU:MGX | Mount Gibson Iron Limited | 0.30 | -0.05 | -15.49% | |
| AU:PLG | Pearl Gull Iron Ltd | 0.03 | 0.01 | 29.17% | |
| AU:M4M | Kogi Iron Ltd. | 0.01 | 0.00 | 0.00% |
Equatorial Resources Limited Corporate Events
Equatorial Resources Sets November Date for AGM and Shifts to Digital Meeting Materials
Equatorial Resources Limited has scheduled its Annual General Meeting for 18 November 2026 at 9:00 a.m. AWST, to be held as a physical gathering at its Perth premises, with any changes to the format or arrangements to be communicated via ASX announce...
Equatorial Resources Releases 2026 Annual Report and Governance Overview
Equatorial Resources Limited is an Australian-listed company in the resources sector, trading on the ASX under the code EQX. Based in Perth, Western Australia, it maintains a corporate structure typical of exploration and development companies, with...
Equatorial Resources Files Updated Corporate Governance Statement with ASX
Equatorial Resources Limited has confirmed that its corporate governance framework for the year to 30 June 2026 aligns with ASX Corporate Governance Council principles and recommendations, with a board-approved governance statement accessible via its...
Equatorial Resources Sets AGM Date and Deadline for Director Nominations
Equatorial Resources Limited has scheduled its Annual General Meeting for 18 November 2026, in line with ASX Listing Rule 3.13.1, with the agenda to include the re-election of directors. The company has set 30 September 2026 as the deadline for share...
Equatorial Resources Nears Congo Arbitration Award While Bolstering Cash and Legal Strategy
Equatorial Resources has completed all post-hearing submissions in its ICSID arbitration against the Republic of Congo over alleged unlawful expropriation of its Badondo and Mayoko-Moussondji iron ore investments. The company is seeking substantial d...
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: Oct 28, 2026