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Haranga Resources Limited
(Sydney:HAR)
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Rating:45Neutral
Price Target:
AU$0.08
▼(-2.50% Downside)
Action:Reiterated
Date:06/26/26
The score is primarily held down by weak financial fundamentals (pre-revenue profile, persistent losses, and worsening free cash flow) and bearish technical momentum (below major moving averages with negative MACD). A relatively low-leverage balance sheet provides some support, but valuation is constrained by negative earnings and no dividend data.
Positive Factors
Low Leverage
Very low leverage gives HAR greater financial flexibility than a highly indebted explorer, allowing more capacity to manage exploration commitments and absorb project setbacks. The equity-heavy structure also reduces current interest burden, although it does not eliminate the need for future funding.
Negative Factors
Pre-Revenue Profile
The absence of meaningful operating revenue means HAR currently lacks a self-funding commercial engine. Its ability to create shareholder value therefore depends on exploration progress, asset transactions, or future financing rather than recurring sales, making the business model structurally dependent on project success.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Very low leverage gives HAR greater financial flexibility than a highly indebted explorer, allowing more capacity to manage exploration commitments and absorb project setbacks. The equity-heavy structure also reduces current interest burden, although it does not eliminate the need for future funding.
Read all positive factors
Haranga Resources Limited (HAR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$36.24M
Dividend YieldN/A
Average Volume (3M)660.82K
Price to Earnings (P/E)―
Beta (1Y)1.82
Revenue GrowthN/A
EPS Growth-13.94%
CountryAU
Employees17
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.03
Shares Outstanding453,037,000
10 Day Avg. Volume537,339
30 Day Avg. Volume660,821
Financial Highlights & Ratios
PEG Ratio-0.41
Price to Book (P/B)1.16
Price to Sales (P/S)0.00
P/FCF Ratio-7.23
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
Haranga Resources Limited Business Overview & Revenue Model
Company Description
Operating out of Victoria Park, Australia, Haranga Resources Limited focuses on the exploration and development of gold and uranium assets throughout West Africa. The company's portfolio features multiple gold projects in Cote d'Ivoire and Burkina...
How the Company Makes Money
HAR is primarily an exploration-stage company, so its typical value creation is through acquiring, exploring, and advancing mineral tenements rather than generating recurring revenue from commodity production. Publicly available information confir...
Haranga Resources Limited Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
58
Neutral
Cash Flow
12
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 6.59K | 9.71K | 0.00 | 0.00 |
| Gross Profit | -51.34K | 6.59K | 9.71K | 0.00 | 0.00 |
| EBITDA | -7.11M | -2.89M | 407.31K | -3.97M | -1.47M |
| Net Income | -6.93M | -2.58M | -3.42M | -7.59M | -1.19M |
Balance Sheet | |||||
| Total Assets | 36.58M | 2.27M | 4.49M | 4.46M | 7.00M |
| Cash, Cash Equivalents and Short-Term Investments | 12.39M | 10.07K | 1.96M | 2.29M | 6.32M |
| Total Debt | 1.99M | 350.00K | 0.00 | 0.00 | 500.00K |
| Total Liabilities | 4.12M | 745.07K | 175.65K | 1.07M | 8.35M |
| Stockholders Equity | 33.00M | 1.89M | 4.39M | 3.26M | -1.35M |
Cash Flow | |||||
| Free Cash Flow | -5.29M | -2.27M | -3.02M | -3.27M | -483.20K |
| Operating Cash Flow | -5.22M | -2.27M | -3.02M | -3.19M | -483.20K |
| Investing Cash Flow | -61.87K | 0.00 | 0.00 | -22.73K | 0.00 |
| Financing Cash Flow | 17.69M | 327.00K | 2.67M | -811.00K | 6.71M |
Haranga Resources Limited Technical Analysis
Negative
0.08
Price Trends
0.08
Negative
0.11
Negative
0.12
Negative
Market Momentum
>-0.01
Negative
43.98
Neutral
25.83
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:HAR, the sentiment is Negative. The current price of 0.08 is below the 20-day moving average (MA) of 0.08, below the 50-day MA of 0.08, and below the 200-day MA of 0.12, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 43.98 is Neutral, neither overbought nor oversold. The STOCH value of 25.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:HAR.
Haranga 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% | |
50 Neutral | AU$54.81M | -8.99 | -12.73% | ― | ― | 39.20% | |
47 Neutral | AU$45.81M | -16.00 | -8.12% | 118.18% | ― | -17.65% | |
46 Neutral | AU$35.99M | -6.00 | -26.87% | ― | ― | -100.00% | |
45 Neutral | AU$36.24M | -2.45 | -35.24% | ― | ― | -13.94% | |
45 Neutral | AU$42.90M | -3.62 | -42.31% | ― | ― | -173.46% | |
42 Neutral | AU$39.35M | -52.50 | -25.64% | ― | ― | 41.18% |
* Basic Materials Sector Average
AU:HAR
Haranga Resources Limited
0.08
>-0.01
-6.98%
AU:ODE
Odessa Minerals Limited
0.02
<0.01
61.54%
AU:QML
QMines Ltd.
0.07
0.02
29.09%
AU:CAE
Cannindah Resources Limited
0.03
-0.01
-23.81%
AU:RIM
Rimfire Pacific Mining Limited
0.01
0.00
0.00%
AU:DES
Desoto Resources Ltd.
0.16
-0.05
-22.50%
Haranga Resources Limited Corporate Events
Haranga Resources Names New Director and Discloses Initial Shareholding
Sep 1, 2026
Haranga Resources Limited has announced the appointment of Patrick Mutz as a director, effective 1 September 2026, and disclosed his initial interest in the company’s securities in line with ASX listing requirements. The filing shows that Mu...
Haranga appoints new CEO to fast-track high-grade Lincoln Gold Project
Aug 31, 2026
Haranga Resources has appointed seasoned mining executive Patrick Mutz as its new Managing Director and CEO, effective 1 September 2026, as it accelerates work on the Lincoln Gold Project in California. Mutz brings more than two decades of leaders...
Haranga expands Lincoln Gold footprint with strategic Mother Lode land deal
Aug 17, 2026
Haranga Resources has moved to expand and consolidate its Lincoln Gold Project in California’s Mother Lode region by acquiring 100% of the surface and mineral rights to two contiguous properties totaling 60 acres adjacent to the project. The...
Haranga advances drilling and rapid restart plans at Lincoln Gold Project
Aug 6, 2026
Haranga Resources is advancing dewatering and infrastructure upgrades at the Lincoln Gold Project, with the Stringbean Alley decline nearly drained and a new underground power centre set for installation in mid-August to restore services. A Phase ...
Haranga boosts Lincoln gold resource and advances rapid restart strategy
Jul 31, 2026
Haranga Resources has delivered a maiden JORC-compliant mineral resource at its Lincoln Gold Project in California, outlining 2.46 million tonnes at 5.1 grams per tonne gold for 402,000 ounces in indicated and inferred categories. The estimate exc...
Haranga’s Ibel South drilling confirms shallow high-grade gold and broader mineralised corridor
Jul 12, 2026
Haranga Resources reported assay results from its Phase 3 reverse circulation drilling at the Ibel South Gold Project in Senegal, confirming shallow high-grade gold mineralisation and extending previously identified shoots. The program targeted vi...
Haranga Resources Director Increases Equity Stake via Performance Rights Conversion
Jul 3, 2026
Haranga Resources has disclosed a change in director Bruce Alexander McCracken’s interests following the conversion of performance rights into equity. The company reported that McCracken’s Class A and Class B performance rights vested ...
Haranga Resources Director Boosts Shareholding Through Performance Rights Conversion
Jul 3, 2026
Haranga Resources Limited has disclosed a change in director Jeremy King’s interests following the conversion of performance rights into ordinary shares. The update reflects the company’s use of equity-based incentives to reward the ac...
Haranga Resources Director Boosts Indirect Shareholding via Performance Rights Conversion
Jul 3, 2026
Haranga Resources Limited has reported a change in the indirect interests of director Michael Davy following the conversion of performance rights and the vesting of Milestone A and B incentives. The update, lodged under ASX listing rule requiremen...
Haranga Resources Expands Share Capital Through Performance Rights Conversion
Jun 30, 2026
Haranga Resources Limited has issued 6,183,500 fully paid ordinary shares following the conversion of multiple performance rights with nominal exercise prices and expiry dates in 2028 and 2029. The transactions adjust the company’s equity ba...
Haranga Resources to Quote New Employee Incentive Shares on ASX
Jun 30, 2026
Haranga Resources Limited has applied to the ASX for quotation of 417,200 new ordinary fully paid shares. These securities have been issued under an employee incentive scheme and are scheduled for quotation on June 30, 2026, expanding the company&...
Haranga Resources Seeks ASX Quotation for 5.77 Million New Shares
Jun 30, 2026
Haranga Resources Limited has applied for quotation on the ASX of 5,766,300 new ordinary fully paid shares, with an issue date of June 30, 2026. The application under Appendix 2A reflects the company’s move to expand its quoted capital base,...
Haranga Releases Escrowed Shares and Ceases to Be Substantial Holder
Jun 29, 2026
Haranga Resources Limited has disclosed that it has ceased to be a substantial holder of its own voting securities following the release of 63,202,439 ordinary shares from voluntary escrow arrangements. The change, effective 1 May 2026, reduced th...
Haranga Resources Issues New Performance Rights Under Employee Incentive Plan
Jun 22, 2026
Haranga Resources Limited has issued 8,940,000 unquoted performance rights under its employee incentive scheme, with the new securities classified as Performance Rights (ESIP). The performance rights, which are not intended to be quoted on the ASX...
Haranga Resources Cuts 4 Million Lapsed Performance Rights From Capital Structure
Jun 16, 2026
Haranga Resources Limited has reported the lapse of 4,000,000 performance rights, identified under the ASX code HARAX, following the non-satisfaction or incapability of satisfying the conditions attached to those rights. The cessation, effective 1...
Haranga Resources Updates Market on Departure and Holdings of Director Peter Batten
Jun 10, 2026
Haranga Resources Limited has advised that director Peter Batten ceased to be a director of the company on 4 June 2026, in a filing made under ASX listing rule 3.19A.3. The notice records that upon his departure, Batten retained holdings of 3,492,...
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.