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Nex Metals Explorations Ltd
(Sydney:NME)
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Rating:44Neutral
Price Target:
AU$0.01
▼(-45.00% Downside)
Action:Reiterated
Date:06/17/26
The score is primarily constrained by weak financial performance (minimal revenue, large losses, ongoing cash burn, and negative equity), which elevates financing and dilution risk. Technicals also lean bearish with the price below key moving averages, while valuation offers limited support given negative earnings and no dividend yield.
Positive Factors
Deleveraging
Meaningful deleveraging from ~A$1.5M to ~A$0.14M materially lowers interest and fixed obligations, improving financial flexibility. This structural reduction in debt reduces near-term default risk and gives management more optionality when raising capital or funding exploration.
Negative Factors
Negative shareholder equity
Persistently negative shareholder equity (~-1.43M) is a chronic capital-structure weakness. It raises long-term financing risk, constrains access to debt, forces equity issuance, and undermines balance-sheet resilience needed to support sustained exploration or future development.
Read all positive and negative factors
Positive Factors
Negative Factors
Deleveraging
Meaningful deleveraging from ~A$1.5M to ~A$0.14M materially lowers interest and fixed obligations, improving financial flexibility. This structural reduction in debt reduces near-term default risk and gives management more optionality when raising capital or funding exploration.
Read all positive factors
Nex Metals Explorations Ltd (NME) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$4.78M
Dividend YieldN/A
Average Volume (3M)81.44K
Price to Earnings (P/E)―
Beta (1Y)0.26
Revenue GrowthN/A
EPS Growth-237.50%
CountryAU
Employees4
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding341,783,660
10 Day Avg. Volume177,573
30 Day Avg. Volume81,437
Financial Highlights & Ratios
PEG Ratio-0.01
Price to Book (P/B)-4.24
Price to Sales (P/S)1209.56
P/FCF Ratio-12.36
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
Nex Metals Explorations Ltd Business Overview & Revenue Model
Company Description
Nex Metals Explorations Limited, an Australian enterprise, specializes in the prospecting and development of mineral resources across the continent. The company's primary focus lies in identifying and extracting gold, copper, and nickel ores. Its ...
Nex Metals Explorations Ltd Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
18
Very Negative
Cash Flow
22
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 5.00K | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -31.27K | 5.00K | -9.28K | -12.10K | -15.70K | -12.32K |
| EBITDA | -1.76M | -1.84M | -786.90K | -1.03M | -2.32M | -1.43M |
| Net Income | -1.80M | -1.84M | -579.11K | -1.04M | -1.79M | -1.45M |
Balance Sheet | ||||||
| Total Assets | 2.85M | 763.45K | 909.68K | 1.44M | 1.71M | 1.48M |
| Cash, Cash Equivalents and Short-Term Investments | 16.50K | 150.91K | 292.29K | 270.26K | 15.78K | 490.93K |
| Total Debt | 419.29K | 137.84K | 517.66K | 257.90K | 806.67K | 343.78K |
| Total Liabilities | 4.56M | 2.19M | 2.23M | 1.83M | 5.27M | 3.25M |
| Stockholders Equity | -1.71M | -1.43M | -1.32M | -390.13K | -3.55M | -1.77M |
Cash Flow | ||||||
| Free Cash Flow | -407.02K | -489.19K | -438.24K | -97.79K | -938.04K | -2.26M |
| Operating Cash Flow | -407.02K | -489.19K | -423.64K | -71.93K | -773.01K | -1.43M |
| Investing Cash Flow | -831.94K | -831.94K | -14.60K | -25.86K | -165.02K | -824.97K |
| Financing Cash Flow | 782.64K | 1.18M | 460.27K | 352.27K | 462.89K | 2.18M |
Nex Metals Explorations Ltd Technical Analysis
Negative
0.02
Price Trends
0.01
Negative
0.02
Negative
0.02
Negative
Market Momentum
>-0.01
Positive
28.81
Positive
-48.89
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:NME, the sentiment is Negative. The current price of 0.02 is above the 20-day moving average (MA) of 0.02, above the 50-day MA of 0.01, and above the 200-day MA of 0.02, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 28.81 is Positive, neither overbought nor oversold. The STOCH value of -48.89 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:NME.
Nex Metals Explorations Ltd 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% | |
44 Neutral | AU$4.78M | -2.59 | 114.73% | ― | ― | -237.50% | |
43 Neutral | AU$3.48M | -1.24 | -153.71% | ― | ― | 39.82% | |
43 Neutral | AU$6.40M | 0.39 | 114.86% | ― | ― | ― | |
42 Neutral | AU$9.20M | -1.27 | -95.14% | ― | ― | 94.20% | |
40 Underperform | AU$10.85M | -4.04 | -561.82% | ― | ― | 36.45% |
* Basic Materials Sector Average
AU:NME
Nex Metals Explorations Ltd
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Nex Metals Explorations Ltd Corporate Events
Nex Metals JV Targets West Point as First Gold-Copper Project
Jul 31, 2026
Nex Metals Explorations Ltd has identified the West Point Gold-Copper Project in Western Australia as the maiden acquisition for its joint venture with the Wangkatja Tjungula Aboriginal Corporation. The project, secured at minimal cost, sits withi...
Nex Metals Deepens WTAC JV and Advances Gold Projects in WA and Egypt
Jul 31, 2026
Nex Metals’ Q4 FY26 report details a binding joint venture with Wangkatja Tjungula Aboriginal Corporation, expanding their collaboration beyond the existing Kookynie Gold Tailings profit-sharing arrangements. WTAC will fund the venture via u...
Nex Metals Confirms Gold Grades and Eyes Tungsten Byproduct at Kookynie Tailings
Jul 27, 2026
Nex Metals Explorations has reported metallurgical test work results from its Kookynie Tailings Project that confirm gold grades of about 1 gram per tonne, in line with earlier drilling data. Two 50-kilogram bulk samples from the Cosmopolitan tail...
Nex Metals issues 6.5 million shares under cleansing notice to support gold expansion
Jun 9, 2026
Nex Metals Explorations Ltd has issued 6,501,385 new shares following shareholder approval, allocating 5,834,594 shares to Dato Dr Chua Hock Hoo and 666,791 shares to a nominee of Reign Advisory Pty Ltd. The company confirmed the issuances were ma...
Nex Metals Director Converts Historical Fees into Equity Stake
Jun 9, 2026
Nex Metals Explorations has reported a change in the holdings of director Hock Hoo Chua following an equity-based settlement of long-term fees. The director received 5,834,594 fully paid ordinary shares, taking his total holding to 6,694,594 share...
Nex Metals Seeks ASX Quotation for 6.5 Million New Shares
Jun 9, 2026
Nex Metals Exploration Ltd has applied to the ASX for quotation of 6,501,385 new ordinary fully paid shares. The securities, issued as outlined in a prior notice of meeting, are scheduled to be quoted from June 9, 2026, expanding the company’...
Nex Metals Options Lapse, Streamlining Capital Structure
Jun 9, 2026
Nex Metals Exploration Ltd has reported the expiry of 1,082,477 listed options, which carried a strike price of $0.10 and were due to expire on 31 October 2025, without being exercised or converted into ordinary shares. The lapse of these options ...
Nex Metals Confirms Kookynie Gold Grades and Flags Tungsten Byproduct Opportunity
Jun 8, 2026
Nex Metals Explorations reported metallurgical test work results from its Kookynie Tailings Project, confirming gold grades of about 1 gram per tonne in two 50-kilogram bulk samples, consistent with prior drilling. The tests defined an optimal pro...
Nex Metals Unlocks Value with Arika JV Exit to Refocus on Core Gold Projects
Jun 4, 2026
Nex Metals Explorations has completed the sale of its remaining 20% stake in the Yundamindra and Kookynie Gold Projects to Arika Resources, crystallising value at a time of strong gold prices and converting its joint venture interest into A$0.5 mi...
Nex Metals Confirms 5km Gold Vein System at Egypt’s North Henai Project
May 27, 2026
Nex Metals Explorations has confirmed a five-kilometre zone of extensive quartz veining and alteration at the North Henai Gold Project in Egypt’s Eastern Desert, indicating significant potential for a large-scale gold system. Geological reco...
Nex Metals and Wangkatja Tjungula Seal Funded Gold Exploration Joint Venture
May 21, 2026
Nex Metals Explorations Ltd has entered into a binding joint venture with the Wangkatja Tjungula Aboriginal Corporation to pursue gold exploration and mining projects, initially in Western Australia. Under the structure, WTAC will hold 60% of the ...
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.