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Haranga Resources Limited
(Sydney:HAR)
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Rating:46Neutral
Price Target:
AU$0.06
▼(-28.75% Downside)
Action:Reiterated
Date:10/30/26
The score is primarily constrained by weak financial performance—near-zero revenue, ongoing losses, and worsening cash burn—despite a low-leverage balance sheet. Technicals add modest pressure as the stock trades below key moving averages, while valuation is limited by a negative P/E and no dividend yield data.
Positive Factors
Low leverage
The low-debt capital structure provides greater financial flexibility than a highly leveraged exploration balance sheet. A substantial equity base relative to debt can support continued project evaluation and reduce near-term pressure from interest obligations, although operating losses remain a constraint.
Negative Factors
Pre-revenue business
The absence of meaningful revenue leaves the company dependent on future project progress rather than an established operating base. Persistent losses against near-zero sales indicate that current activities do not yet support the cost structure, making profitability highly contingent on successful exploration outcomes.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
The low-debt capital structure provides greater financial flexibility than a highly leveraged exploration balance sheet. A substantial equity base relative to debt can support continued project evaluation and reduce near-term pressure from interest obligations, although operating losses remain a constraint.
Read all positive factors
Haranga Resources Limited (HAR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$26.28M
Dividend YieldN/A
Average Volume (3M)813.27K
Price to Earnings (P/E)―
Beta (1Y)1.79
Revenue GrowthN/A
EPS Growth-34.87%
CountryAU
Employees17
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.03
Shares Outstanding453,037,000
10 Day Avg. Volume1,324,665
30 Day Avg. Volume813,274
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...
Haranga Resources Limited Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
58
Neutral
Cash Flow
12
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 6.59K | 9.71K | 0.00 | 0.00 |
| Gross Profit | -224.50K | -51.34K | 6.59K | 9.71K | 0.00 | 0.00 |
| EBITDA | -11.11M | -7.11M | -253.00 | 925.47K | -3.96M | 57.00 |
| Net Income | -11.52M | -6.93M | -2.58M | -2.90M | -7.59M | -1.19M |
Balance Sheet | ||||||
| Total Assets | 29.09M | 36.58M | 2.27M | 4.49M | 4.46M | 7.00M |
| Cash, Cash Equivalents and Short-Term Investments | 6.23M | 12.39M | 10.07K | 1.96M | 2.29M | 6.32M |
| Total Debt | 1.02M | 1.99M | 350.00K | 0.00 | 0.00 | 500.00K |
| Total Liabilities | 2.94M | 4.12M | 745.07K | 175.65K | 1.07M | 8.35M |
| Stockholders Equity | 27.12M | 33.00M | 1.89M | 4.39M | 3.26M | -1.35M |
Cash Flow | ||||||
| Free Cash Flow | -9.56M | -5.29M | -2.27M | -3.02M | -3.27M | -483.20K |
| Operating Cash Flow | -8.98M | -5.22M | -2.27M | -3.02M | -3.19M | -483.20K |
| Investing Cash Flow | -587.30K | -61.87K | 0.00 | 0.00 | -22.73K | 0.00 |
| Financing Cash Flow | 11.86M | 17.69M | 327.00K | 2.67M | -811.00K | 6.71M |
Haranga Resources Limited Technical Analysis
Negative
0.08
Price Trends
0.07
Negative
0.08
Negative
0.11
Negative
Market Momentum
<0.01
Positive
45.48
Neutral
16.67
Positive
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 above the 20-day moving average (MA) of 0.06, above the 50-day MA of 0.07, and below the 200-day MA of 0.11, indicating a bearish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 45.48 is Neutral, neither overbought nor oversold. The STOCH value of 16.67 is Positive, 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$46.32M | -8.11 | -12.51% | ― | ― | 11.90% | |
46 Neutral | AU$26.28M | -1.74 | -38.32% | ― | ― | -34.87% | |
45 Neutral | AU$30.91M | -7.27 | -69.67% | ― | ― | -30.00% | |
45 Neutral | AU$33.21M | -2.00 | -86.76% | ― | ― | -119.78% | |
43 Neutral | AU$26.99M | -18.00 | -11.48% | ― | ― | 63.64% | |
42 Neutral | AU$32.93M | -13.06 | -5.89% | 118.18% | ― | -38.46% |
* Basic Materials Sector Average
AU:HAR
Haranga Resources Limited
0.05
-0.09
-62.86%
AU:ODE
Odessa Minerals Limited
0.02
<0.01
23.08%
AU:QML
QMines Ltd.
0.06
<0.01
9.09%
AU:CAE
Cannindah Resources Limited
0.02
-0.03
-60.71%
AU:RIM
Rimfire Pacific Mining Limited
0.01
>-0.01
-28.57%
AU:DES
Desoto Resources Ltd.
0.12
-0.06
-33.33%
Haranga Resources Limited Corporate Events
Haranga advances Lincoln redevelopment, hits high-grade gold and reshapes strategy
Oct 30, 2026
Haranga Resources advanced redevelopment planning at its Lincoln Gold Project in California during the September quarter, progressing mine design, plant retrofit options, and tailings strategies that will feed into a new Pre-Feasibility Study. Pha...
Haranga Resources details corporate structure in June 2026 interim report
Sep 10, 2026
Haranga Resources Limited has released its interim report for the period ended 30 June 2026, outlining its current corporate structure and governance arrangements. The report highlights the company’s ASX listing, key board and management app...
Haranga Launches Phase 2 Underground Drilling at Lincoln Gold Project
Sep 8, 2026
Haranga Resources has initiated Phase 2 underground drilling at its Lincoln Gold Project, with a Swick diamond drill rig set to arrive on site and a 16-hole, 1,500-metre HQ program ready to commence from existing underground crosscuts. The campaig...
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...
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.