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NuEnergy Gas Limited (NGY) AI Stock Analysis

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AU:NGY

NuEnergy Gas Limited

(ASX:NGY)

Select Model
Rating:38Underperform
Price Target:AUD 0.02â–¼(-5.00% Downside)
Action:downgraded
Date:10/24/26

The low score is driven primarily by the company’s pre-revenue status, persistent losses, negative cash flow, and weak valuation profile. Bearish technical momentum reinforces the downside risk, while the relatively solid balance sheet and oversold indicators provide only limited support.

Positive Factors
Modest LeverageModest leverage gives NuEnergy greater financial flexibility than a highly indebted explorer. Lower debt obligations can reduce refinancing pressure and preserve capacity to fund technical studies, permitting, and project development while assets are advanced.
Negative Factors
No Reported RevenueZero reported revenue shows that NuEnergy has not yet established an operating revenue base from its gas and energy activities. This leaves the company dependent on project advancement, asset transactions, or external funding until commercial monetization is achieved.

NuEnergy Gas Limited (NGY) vs. iShares MSCI Australia ETF (EWA)

-50%0%50%100%150%200%250%300%AU:NGY-20.00%EWA+17.02%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
AUD 40.00M
Dividend Yield
―
Average Volume (3M)
613.11K
Price to Earnings (P/E)
-100.0
Beta (1Y)
-0.02
Revenue Growth
―
EPS Growth
33.33%
Country
Australia
Employees
2
Sector
Energy
Sector Strength
65
Industry
Oil & Gas Exploration & Production

NuEnergy Gas Limited Business Overview & Revenue Model

Company Description

NuEnergy Gas Limited is an independent firm in the clean energy sector, concentrating its efforts on identifying, exploring, and bringing to production coal bed methane (CBM) ventures across Indonesia. The company manages six agreements for unconvent...

NuEnergy Gas Limited Financial Statement Overview

Summary

Financial performance is weak: the company remains pre-revenue with recurring losses, negative operating cash flow, and sharply negative free cash flow in 2026. Moderate leverage and growing equity provide some support, but do not offset the lack of profitability and cash generation.

Income Statement

25Negative

Balance Sheet

62Positive

Cash Flow

20Very Negative
Financial statement breakdown
BreakdownTTMJun 2026Jun 2025Jun 2024Jun 2023Jun 2022
Income Statement
Total Revenue000000
Gross Profit000000
EBITDA-887.42K-863.56K025.87K-642.00K-1.23M
Net Income-730.86K-730.86K-941.12K-807.00K-1.04M-1.91M
Balance Sheet
Total Assets48.85M48.85M48.84M42.43M43.51M42.69M
Cash, Cash Equivalents and Short-Term Investments552.51K552.51K2.43M145.79K2.04M4.13M
Total Debt5.24M5.24M5.28M4.86M4.56M4.15M
Total Liabilities16.28M16.28M16.90M16.15M16.15M15.52M
Stockholders Equity32.14M32.14M31.52M25.86M26.94M26.75M
Cash Flow
Free Cash Flow-5.21M-5.21M-3,029-1.66M-2.07M-1.47M
Operating Cash Flow-224.74K-224.74K-603-234.87K-700.26K-276.27K
Investing Cash Flow-5.08M-5.08M-3,053-1.06M-1.37M2.04M
Financing Cash Flow3.43M3.43M5,94402.06M-1.76M

NuEnergy Gas Limited Technical Analysis

Technical Analysis SentimentNeutral
Last Price0.02

Price Trends

50DMA0.02Negative
100DMA0.03Negative
200DMA0.03Negative

Market Momentum

MACD-0.00Negative
RSI42.69Neutral
STOCH28.57Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:NGY, the sentiment is Neutral. The current price of 0.02 is above the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and below the 200-day MA of 0.03, indicating a neutral trend. The MACD of -0.00 indicates Negative momentum. The RSI at 42.69 is Neutral, neither overbought nor oversold. The STOCH value of 28.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:NGY.

NuEnergy Gas Limited Peers Comparison

Overall Rating

UnderperformOutperform
Sector (65)

Financial Indicators

AU:NGY against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
AU:PVEAU:PVE72OutperformAUD 91.56M24.2611.69%1.09%-4.85%-29.79%
AU:ECHAU:ECH67NeutralAUD 69.42M4.9613.95%3.67%-45.07%297.79%
Sector *65Neutral$15.17B7.614.09%5.20%3.87%-62.32%
AU:CUEAU:CUE65NeutralAUD 66.10M15.167.48%5.32%-8.38%-31.11%
AU:CTPAU:CTP50NeutralAUD 36.03M-7.27-13.43%―2.57%-163.46%
AU:NGYAU:NGY38UnderperformAUD 40.00M-100.00-2.22%――33.33%
AU:KKOAU:KKO34UnderperformAUD 46.39M-9.67-6.22%――23.08%

* Energy Sector Average

Performance Comparison

0%100%200%AU:NGYAU:CUEAU:ECHAU:PVEAU:CTPAU:KKODec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
AU:NGY and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
AU:NGYNuEnergy Gas Limited0.02-0.00-16.67%
AU:CUECue Energy Resources Limited0.09-0.02-18.26%
AU:ECHNew Zealand Oil & Gas Limited0.31-0.04-11.68%
AU:PVEPo Valley Energy Limited0.080.0236.21%
AU:CTPCentral Petroleum Limited0.05-0.01-22.58%
AU:KKOKinetiko Energy Ltd.0.03-0.04-57.35%

NuEnergy Gas Limited Corporate Events

NuEnergy Speeds Tanjung Enim Build-Out as Indonesia Grants Strategic Status

Oct 28, 2026

NuEnergy Gas Limited advanced development of its Tanjung Enim POD 1 during the September quarter, initiating major construction activities in August 2026. The work centers on early production facilities owned by NuEnergy and a compressed natural gas...

NuEnergy Gas Outlines Governance Practices and ASX Compliance

Sep 29, 2026

NuEnergy Gas Limited has detailed its corporate governance framework for the 2026 financial year, confirming compliance with the fourth edition of the ASX Corporate Governance Council’s Principles and Recommendations. The Board has formalised its res...

NuEnergy Gas Releases 2026 Annual Financial Report

Sep 29, 2026

NuEnergy Gas Limited has released its 2026 annual financial report, detailing its corporate governance framework, board composition, and audited financial statements. The report, prepared by KPMG as independent auditor, outlines the company’s profit...

NuEnergy Gas Sets AGM Date and Director Nomination Deadline

Sep 22, 2026

NuEnergy Gas Limited has scheduled its Annual General Meeting for 16 November 2026, confirming the key date for shareholders to review performance, vote on resolutions and engage with the board on corporate strategy. The meeting timing aligns with AS...

NuEnergy Gas Issues 80.8 Million New Shares and Files Cleansing Notice

Sep 11, 2026

NuEnergy Gas Limited has issued 80,768,445 fully paid ordinary shares at $0.038 each to sophisticated and professional investors, including a small tranche granted for nil consideration to an advisory firm, as part of a capital raising completed on 1...

NuEnergy Gas Issues Over 56 Million Unlisted Options in New Equity Class

Sep 11, 2026

NuEnergy Gas Limited has notified the ASX of the issue of 56,169,491 unlisted options, creating a new class of unquoted securities that are not intended to be listed. The move expands the company’s pool of equity-linked instruments, potentially suppo...

NuEnergy Gas Seeks ASX Quotation for 80.8 Million New Shares

Sep 11, 2026

NuEnergy Gas Limited has applied to the ASX for quotation of 80,768,445 new ordinary fully paid shares under its existing ticker NGY, with an issue date of 11 September 2026. The securities are being brought onto the market in line with prior capital...

NuEnergy Sets Terms for New Investor Options

Sep 11, 2026

NuEnergy Gas Limited has detailed the terms for options issued to sophisticated and professional investors, with each option allowing subscription for one share at an exercise price of $0.06. The options may be exercised at any time until their expir...

NuEnergy Gas Raises $3.05m to Advance Indonesian CBM Development

Sep 11, 2026

NuEnergy Gas Limited has completed an institutional placement, issuing 80,242,129 shares at $0.038 each to raise $3.05 million, along with additional shares to its corporate adviser. In total, 80,768,445 new shares were created, bolstering the compan...

NuEnergy Gas Disputes Former CEO’s $1.1m Remuneration Claim

Sep 10, 2026

NuEnergy Gas Limited, an ASX-listed Australian gas exploration and development company, has disclosed that it operates under remuneration arrangements which include deferred and waived payments to key executives and directors. These structures have b...

NuEnergy Gas outlines Indonesian CBM ambitions with detailed investor disclaimers

Sep 7, 2026

NuEnergy Gas Limited has released a corporate presentation outlining its strategy to become a leading domestic gas producer in Indonesia through the development of its coal bed methane assets. The presentation emphasizes that the material is for back...

NuEnergy Gas Plans Major Share and Option Issue on ASX

Sep 7, 2026

NuEnergy Gas Limited has lodged a notice with the ASX for a proposed issue of securities via a placement or similar mechanism. The company plans to issue up to 80,768,445 new ordinary fully paid shares and 56,169,491 unlisted options, with the issue...

NuEnergy Raises A$3.05m to Accelerate Indonesian Gas Commercialisation

Sep 7, 2026

NuEnergy Gas Limited has secured firm commitments to raise approximately A$3.05 million via a placement of about 80.2 million new ordinary shares at A$0.038 per share, accompanied by 40.1 million free attaching options exercisable at A$0.06. The capi...

NuEnergy Starts Key Gas Infrastructure Build for Indonesia’s First CBM Project

Aug 23, 2026

NuEnergy Gas Limited has begun on-site construction of key gas infrastructure for its Tanjung Enim Plan of Development 1 in South Sumatra, marking a significant step toward first commercial coal bed methane production in Indonesia. Initial works cove...

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.

Date of analysis: Oct 24, 2026