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NICO Resources Limited
(Sydney:NC1)
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Rating:45Neutral
Price Target:
AU$0.10
▼(-30.00% 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 equity-funded capital structure reduce interest obligations and refinancing exposure. This gives NICO greater financial flexibility to preserve cash, pursue development priorities, and withstand operating volatility while it works toward establishing a sustainable business model.
Negative Factors
No Revenue Base
Effectively zero revenue across several years indicates that NICO has not yet demonstrated commercial traction or a repeatable source of operating income. This leaves future growth dependent on successfully establishing revenue generation, making the business model unproven over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Minimal Leverage
Near-zero debt and an equity-funded capital structure reduce interest obligations and refinancing exposure. This gives NICO greater financial flexibility to preserve cash, pursue development priorities, and withstand operating volatility while it works toward establishing a sustainable business model.
Read all positive factors
NICO Resources Limited (NC1) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$13.68M
Dividend YieldN/A
Average Volume (3M)219.49K
Price to Earnings (P/E)―
Beta (1Y)1.96
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. Volume100,220
30 Day Avg. Volume219,493
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 ...
How the Company Makes Money
null...
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
0.13
Negative
0.17
Negative
Market Momentum
>-0.01
Positive
34.95
Neutral
>-0.01
Positive
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 0.11, above the 50-day MA of 0.11, and below the 200-day MA of 0.17, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 34.95 is Neutral, neither overbought nor oversold. The STOCH value of >-0.01 is Positive, 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% | |
47 Neutral | AU$5.35M | -1.43 | -192.77% | ― | ― | 65.85% | |
46 Neutral | AU$15.91M | -3.50 | -42.15% | ― | -11.28% | 41.18% | |
45 Neutral | AU$13.68M | -14.00 | -5.09% | ― | ― | -33.93% | |
45 Neutral | AU$24.53M | -3.19 | -43.52% | 26.19% | ― | 76.51% | |
45 Neutral | AU$18.04M | -3.70 | -21.01% | ― | ― | 93.65% | |
44 Neutral | AU$23.63M | -2.97 | -11.28% | ― | ― | 45.59% |
* Basic Materials Sector Average
AU:NC1
NICO Resources Limited
0.11
-0.04
-27.59%
AU:LIT
Lithium Australia NL
0.01
>-0.01
-28.57%
AU:NMT
Neometals Ltd
0.03
-0.02
-46.30%
AU:AM5
NickelSearch Ltd.
0.01
0.00
0.00%
AU:WIN
Widgie Nickel Limited
0.02
-0.02
-54.55%
AU:BKT
Black Rock Mining Limited
0.01
>-0.01
-45.00%
NICO Resources Limited Corporate Events
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 ...
Nico Advances Wingellina Drilling and Refining Strategy Amid Nickel Market Shifts
Jul 22, 2026
Nico Resources reported that final planning and preparation for an RC infill drilling program at its Wingellina nickel-cobalt project were completed in the June quarter, with drilling scheduled to start in the September quarter to enhance geometal...
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.