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NICO Resources Limited
(Sydney:NC1)
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Rating:45Neutral
Price Target:
AU$0.09
▼(-37.86% Downside)
Action:Reiterated
Date:09/26/26
The score is weighed down primarily by very weak financial performance (negligible revenue, ongoing losses, and persistent negative operating/free cash flow). Technicals add further pressure as the stock trades below key moving averages with negative MACD. Valuation is only modestly supportive because the negative P/E reflects unprofitable operations and there is no dividend yield data.
Positive Factors
Minimal leverage
Near-zero debt and an overwhelmingly equity-funded asset base provide financial flexibility while the company advances its resource projects. This reduces interest burden and refinancing exposure, allowing more capital to remain available for exploration and development activity.
Negative Factors
No established revenue base
Effectively zero revenue means the company has not yet demonstrated a repeatable commercial income stream from its resource activities. Until projects progress into revenue generation, operating funding depends on capital resources rather than internally generated business proceeds.
Read all positive and negative factors
Positive Factors
Negative Factors
Minimal leverage
Near-zero debt and an overwhelmingly equity-funded asset base provide financial flexibility while the company advances its resource projects. This reduces interest burden and refinancing exposure, allowing more capital to remain available for exploration and development activity.
Read all positive factors
NICO Resources Limited (NC1) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$12.17M
Dividend YieldN/A
Average Volume (3M)91.80K
Price to Earnings (P/E)―
Beta (1Y)1.83
Revenue GrowthN/A
EPS Growth-33.93%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding136,794,310
10 Day Avg. Volume27,692
30 Day Avg. Volume91,804
Financial Highlights & Ratios
PEG Ratio-3.83
Price to Book (P/B)0.82
Price to Sales (P/S)0.00
P/FCF Ratio-15.66
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
NICO Resources Limited Business Overview & Revenue Model
Company Description
NICO Resources Limited is an Australian firm dedicated to the exploration, development, and extraction of mineral resources across the country. The company possesses full ownership of both the Wingellina Nickel-Cobalt project and the Claude Hills ...
NICO Resources Limited Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
62
Positive
Cash Flow
18
Very 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 | -17.90K | -20.77K | -181.91K | -197.82K | -29.99K |
| EBITDA | -2.29M | 98.66K | -3.77M | -3.60M | -1.75M |
| Net Income | -989.30K | -702.66K | -3.62M | -3.82M | -6.87M |
Balance Sheet | |||||
| Total Assets | 21.31M | 18.42M | 18.33M | 14.04M | 16.46M |
| Cash, Cash Equivalents and Short-Term Investments | 4.86M | 3.51M | 4.76M | 4.61M | 10.11M |
| Total Debt | 19.56K | 18.78K | 0.00 | 158.41K | 322.57K |
| Total Liabilities | 386.81K | 344.98K | 712.50K | 818.50K | 604.35K |
| Stockholders Equity | 20.92M | 18.07M | 17.62M | 13.22M | 15.85M |
Cash Flow | |||||
| Free Cash Flow | -1.09M | -2.16M | -6.55M | -5.46M | -2.40M |
| Operating Cash Flow | -1.03M | -573.93K | -2.33M | -2.19M | -981.71K |
| Investing Cash Flow | -4.11M | -2.68M | -4.23M | 6.11M | -1.11M |
| Financing Cash Flow | 3.57M | 1.03M | 6.71M | -166.38K | 12.19M |
NICO Resources Limited Technical Analysis
Negative
0.14
Price Trends
0.11
Negative
0.11
Negative
0.16
Negative
Market Momentum
>-0.01
Negative
41.41
Neutral
36.36
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:NC1, the sentiment is Negative. The current price of 0.14 is above the 20-day moving average (MA) of 0.09, above the 50-day MA of 0.11, and below the 200-day MA of 0.16, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 41.41 is Neutral, neither overbought nor oversold. The STOCH value of 36.36 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:NC1.
NICO 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% | |
46 Neutral | AU$13.71M | -3.00 | -42.15% | ― | -11.28% | 41.18% | |
45 Neutral | AU$12.17M | -11.87 | -5.09% | ― | ― | -33.93% | |
45 Neutral | AU$23.65M | -2.97 | -43.52% | 26.19% | ― | 76.51% | |
43 Neutral | AU$16.32M | -3.52 | -21.01% | ― | ― | 93.65% | |
43 Neutral | AU$23.63M | -2.97 | -11.28% | ― | ― | 45.59% | |
42 Neutral | AU$5.52M | -0.95 | -192.77% | ― | ― | 65.85% |
* Basic Materials Sector Average
AU:NC1
NICO Resources Limited
0.09
-0.06
-38.62%
AU:LIT
Lithium Australia NL
0.01
>-0.01
-9.09%
AU:NMT
Neometals Ltd
0.03
-0.03
-55.00%
AU:AM5
NickelSearch Ltd.
0.01
0.00
0.00%
AU:WIN
Widgie Nickel Limited
0.02
-0.03
-58.70%
AU:BKT
Black Rock Mining Limited
0.01
>-0.01
-35.29%
NICO Resources Limited Corporate Events
Nico Resources Advances Wingellina Drilling and Metallurgical Work Amid Softer Nickel, Cobalt Prices
Oct 27, 2026
Nico Resources has reported quarterly progress at its Wingellina nickel-cobalt project, where infill drilling of roughly 6,000 metres is underway to upgrade resources from Indicated to Measured status. The program also aims to gather more samples ...
NICO Resources Sets November Date for Digitally Focused AGM
Oct 21, 2026
NICO Resources has called its Annual General Meeting of shareholders for 20 November 2026 at its Perth premises, setting out the time, location and procedural details for investor participation. The company emphasizes the importance of the Notice ...
NICO Resources Sets November 2026 Date for Perth AGM and Proxy Voting
Oct 21, 2026
NICO Resources Limited has called a physical Annual General Meeting for shareholders to be held at 11:00 a.m. WST on Friday, 20 November 2026, at a Perth boardroom venue, with all resolutions to be decided by poll in line with ASX guidelines. The ...
NICO Resources Files ASX Corporate Governance Statement and Appendix 4G
Sep 25, 2026
NICO Resources Limited is an ASX-listed entity that has formalised its corporate governance framework in line with the ASX Corporate Governance Council Principles and Recommendations. The company discloses key governance documents, such as its boa...
Nico Resources Sets Date for 2026 AGM and Director Nomination Deadline
Sep 22, 2026
Nico Resources has scheduled its next Annual General Meeting for 20 November 2026, with a formal notice to be sent to shareholders in mid to late October 2025. The timing confirms the company’s adherence to ASX corporate governance requireme...
Nico Resources Starts Infill Drilling to Upgrade Wingellina Nickel-Cobalt Resources
Aug 30, 2026
Nico Resources has commenced a 6,000-metre reverse circulation infill drilling program at its Wingellina Nickel-Cobalt Project in Western Australia. The campaign covers 94 holes and is designed to improve orebody knowledge and support upgrades of ...
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.