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Gold Hydrogen Ltd.
(Sydney:GHY)
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Rating:56Neutral
Price Target:
AU$0.53
▼(-1.85% Downside)
Action:Reiterated
Date:09/23/26
The score is held back primarily by pre-revenue operations, persistent losses, and ongoing cash burn despite some improvement versus earlier years. This is partly offset by a strong, low-leverage balance sheet and moderately positive technical trends (price above key moving averages with neutral-to-positive momentum). Valuation support is limited because earnings are negative and no dividend yield is available.
Positive Factors
Very low leverage
Extremely low leverage reduces financial risk and preserves flexibility while the company advances exploration. A lightly indebted balance sheet should require less cash for interest and debt servicing, allowing more capital to remain available for drilling, appraisal, and development work.
Negative Factors
No commercial revenue
The absence of revenue means the business has not yet demonstrated commercial scale or recurring customer demand. Progress therefore depends on exploration success and eventual development, leaving the company without an operating revenue base to fund its activities over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
Extremely low leverage reduces financial risk and preserves flexibility while the company advances exploration. A lightly indebted balance sheet should require less cash for interest and debt servicing, allowing more capital to remain available for drilling, appraisal, and development work.
Read all positive factors
Gold Hydrogen Ltd. (GHY) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$88.42M
Dividend YieldN/A
Average Volume (3M)330.32K
Price to Earnings (P/E)―
Beta (1Y)0.65
Revenue GrowthN/A
EPS Growth1.43%
CountryAU
Employees13
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)-0.01
Shares Outstanding180,454,280
10 Day Avg. Volume222,983
30 Day Avg. Volume330,325
Financial Highlights & Ratios
PEG Ratio18.77
Price to Book (P/B)1.49
Price to Sales (P/S)0.00
P/FCF Ratio-30.61
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
Gold Hydrogen Ltd. Business Overview & Revenue Model
Company Description
Gold Hydrogen Limited is primarily involved in the search for potential natural hydrogen deposits throughout Australia. Its most significant undertaking, the Ramsay Project, spans an expansive area of approximately 7,820 square kilometers. This ke...
How the Company Makes Money
null...
Gold Hydrogen Ltd. Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
73
Positive
Cash Flow
28
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 | -109.17K | -98.04K | -62.00K | -54.22K | 0.00 |
| EBITDA | -2.74M | -2.27M | -1.79M | -3.20M | -711.20K |
| Net Income | -2.48M | -2.24M | -1.86M | -5.19M | -1.16M |
Balance Sheet | |||||
| Total Assets | 47.27M | 34.49M | 37.39M | 23.64M | 24.63M |
| Cash, Cash Equivalents and Short-Term Investments | 9.42M | 11.48M | 14.72M | 16.24M | 20.12M |
| Total Debt | 103.91K | 129.55K | 110.41K | 108.63K | 3.98M |
| Total Liabilities | 2.69M | 1.13M | 1.90M | 510.68K | 475.81K |
| Stockholders Equity | 44.57M | 33.36M | 35.49M | 23.13M | 24.16M |
Cash Flow | |||||
| Free Cash Flow | -2.17M | -3.20M | -14.53M | -6.83M | -1.01M |
| Operating Cash Flow | -2.16M | -1.83M | -1.76M | -2.43M | -448.15K |
| Investing Cash Flow | -13.49M | 8.64M | -12.62M | -15.40M | -588.60K |
| Financing Cash Flow | 13.59M | -42.63K | 13.86M | 18.81M | 5.29M |
Gold Hydrogen Ltd. Technical Analysis
Neutral
0.54
Price Trends
0.51
Negative
0.46
Positive
0.41
Positive
Market Momentum
<0.01
Positive
45.55
Neutral
7.22
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:GHY, the sentiment is Neutral. The current price of 0.54 is above the 20-day moving average (MA) of 0.52, above the 50-day MA of 0.51, and above the 200-day MA of 0.41, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 45.55 is Neutral, neither overbought nor oversold. The STOCH value of 7.22 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:GHY.
Gold Hydrogen Ltd. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
56 Neutral | AU$88.42M | -36.01 | -5.48% | ― | ― | 1.43% | |
46 Neutral | AU$12.05M | -9.51 | -1.65% | ― | ― | 37.50% | |
45 Neutral | AU$11.67M | 40.00 | 2.01% | ― | ― | ― | |
44 Neutral | AU$5.98M | -1.14 | -481.65% | ― | ― | -18.92% | |
43 Neutral | AU$6.75M | -0.55 | -55.47% | ― | ― | ― | |
42 Neutral | AU$19.46M | 4.48 | 16.49% | ― | ― | ― |
* Energy Sector Average
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Gold Hydrogen Ltd. Corporate Events
Gold Hydrogen lodges ASX corporate governance statement and Appendix 4G
Sep 21, 2026
Gold Hydrogen Limited has lodged its corporate governance statement for the year ended 30 June 2026 with the ASX, providing it via a dedicated URL on its investor relations website and confirming board approval as of 21 September 2026. The filing,...
Gold Hydrogen Details Governance in 2026 Annual Financial Report
Sep 21, 2026
Gold Hydrogen Limited has released its annual financial report for the year ended 30 June 2026, accompanied by a corporate directory detailing its board, key officers, and professional service providers. The disclosure reinforces its status as an ...
Gold Hydrogen’s Ramsay 3 Delivers Strong Early Flow as Testing Advances
Sep 14, 2026
Gold Hydrogen has reported strong early results from initial flow testing at its Ramsay 3 well on the Yorke Peninsula, with a Productivity Index of about 40 bbl/day/psi, the highest yet at the Ramsay Project. The larger 7-inch cased, cemented and ...
Japanese Partners Deepen Role in Gold Hydrogen’s Ramsay Project
Sep 7, 2026
Gold Hydrogen’s three Japanese strategic partners, Mitsubishi Gas Chemical, ENEOS Xplora and Toyota, are intensifying their direct involvement in the Ramsay natural hydrogen and helium project in South Australia through senior-level site vis...
Gold Hydrogen Advances Ramsay 3 Testing to Unlock Natural Hydrogen and Helium Potential
Sep 1, 2026
Gold Hydrogen has begun the next stage of flow testing at its Ramsay 3 well, designed with a larger 7-inch casing and high-capacity electric submersible pump to maximise natural hydrogen and helium production potential. The well follows successful...
Gold Hydrogen Confirms World-Class Helium Reservoir at Ramsay Project
Aug 25, 2026
Gold Hydrogen has confirmed world-class helium purities from its Ramsay 2 flow test, with air-corrected concentrations reaching up to 20 percent and matching the 19 percent recorded at Ramsay 1. Testing also showed strong formation connectivity, w...
Gold Hydrogen to Begin Flow Testing at Ramsay 2 Well
Aug 10, 2026
Gold Hydrogen has mobilised a workover rig to its Ramsay 2 wellsite and begun installing an electrical submersible pump in preparation for a key flow testing program. Company staff and contractors are on site, and initial flow from the Ramsay 2 we...
Gold Hydrogen’s Ramsay 1 Well Delivers High-Purity Helium and World-Class Reservoir Performance
Aug 4, 2026
Gold Hydrogen has reported outstanding interim results from appraisal flow testing at its Ramsay 1 well, where helium was successfully brought to surface, purified onsite using Quantum Technology equipment, and bottled in what is believed to be th...
Gold Hydrogen Achieves First Onshore Helium Recovery in Australia Since 2023
Jul 29, 2026
Gold Hydrogen has reported that helium has successfully flowed to surface, been separated, purified and captured at its Ramsay 1 well on South Australia’s Yorke Peninsula, using a system supplied by Quantum Technology Corp. The campaign has ...
Gold Hydrogen to Begin Helium Testing at Ramsay 1 After Short Delay
Jul 22, 2026
Gold Hydrogen Limited has confirmed that flow testing at its Ramsay 1 well is set to commence imminently, following the repair and installation of equipment that was damaged during transport to the site. The testing program, supported by SWS Rig 0...
Gold Hydrogen Begins Flow-Testing Preparations at Ramsay Project
Jul 8, 2026
Gold Hydrogen has commenced a key operational phase at its Ramsay Project, with the SWS Rig 04 now on site to re-enter and condition the Ramsay 1 and Ramsay 2 wells ahead of a flow-testing campaign. Company staff and contractors are in place, and ...
Gold Hydrogen advances Ramsay testing and outlines helium, hydrogen commercialisation plans
Jul 2, 2026
Gold Hydrogen reported that site preparation and equipment mobilisation for its 2026 Ramsay flow test campaign are well advanced, with testing of natural hydrogen and helium flow from the Ramsay 1, 2 and 3 wells expected to start shortly. Previous...
Gold Hydrogen set to launch 2026 Ramsay helium and hydrogen flow tests
Jul 2, 2026
Gold Hydrogen is preparing to begin its 2026 Ramsay flow testing campaign across the Ramsay 1, 2 and 3 wells, aiming to evaluate the potential to produce natural hydrogen and helium to surface. Early civil works, site preparation and mobilisation ...
Gold Hydrogen and Mitsubishi Gas Chemical to Study Green Methanol Plant in South Australia
Jun 28, 2026
Gold Hydrogen has signed a non-binding memorandum of understanding with Mitsubishi Gas Chemical to study a green methanol production facility on South Australia’s Yorke Peninsula, using natural hydrogen from its Ramsay Project. Mitsubishi Ga...
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.