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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:10/06/26
The score is held down primarily by very weak financial performance (negligible revenue, persistent operating losses, ongoing cash burn, and negative equity), with technical indicators also bearish (price below key moving averages and negative MACD). Valuation appears low on P/E, but it is not enough to offset the high fundamental risk and lack of proven operating improvement.
Positive Factors
Mineral exploration portfolio
A portfolio-based exploration model gives NME multiple geological targets to evaluate rather than relying on one prospect. Systematic mapping, sampling, geophysics, and drilling can progressively identify deposits that may advance toward development by NME or third parties, although commercial viability is not yet demonstrated.
Negative Factors
Negligible revenue and persistent losses
NME has not established a sustainable revenue base or operating profit, leaving its financial performance dependent on exploration outcomes rather than recurring business income. Persistent EBIT losses reduce internal funding capacity and make future progress more reliant on external financing or asset transactions.
Read all positive and negative factors
Positive Factors
Negative Factors
Mineral exploration portfolio
A portfolio-based exploration model gives NME multiple geological targets to evaluate rather than relying on one prospect. Systematic mapping, sampling, geophysics, and drilling can progressively identify deposits that may advance toward development by NME or third parties, although commercial viability is not yet demonstrated.
Read all positive factors
Nex Metals Explorations Ltd (NME) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$3.76M
Dividend YieldN/A
Average Volume (3M)74.82K
Price to Earnings (P/E)3.4
Beta (1Y)0.18
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
Employees4
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)<0.01
Shares Outstanding341,783,660
10 Day Avg. Volume18,670
30 Day Avg. Volume74,821
Financial Highlights & Ratios
PEG Ratio-0.03
Price to Book (P/B)-8.55
Price to Sales (P/S)0.00
P/FCF Ratio-9.68
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 | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 5.00K | 0.00 | 0.00 | 0.00 |
| Gross Profit | -54.62K | 5.00K | -9.28K | -12.10K | -15.70K |
| EBITDA | -651.40K | -1.84M | -786.90K | -1.03M | -2.32M |
| Net Income | 1.05M | -1.84M | -579.11K | -1.04M | -1.79M |
Balance Sheet | |||||
| Total Assets | 1.92M | 763.45K | 909.68K | 1.44M | 1.71M |
| Cash, Cash Equivalents and Short-Term Investments | 422.45K | 150.91K | 292.29K | 270.26K | 15.78K |
| Total Debt | 485.64K | 137.84K | 517.66K | 257.90K | 806.67K |
| Total Liabilities | 2.39M | 2.19M | 2.23M | 1.83M | 5.27M |
| Stockholders Equity | -471.23K | -1.43M | -1.32M | -390.13K | -3.55M |
Cash Flow | |||||
| Free Cash Flow | -416.09K | -489.19K | -438.24K | -97.79K | -938.04K |
| Operating Cash Flow | -416.09K | -489.19K | -423.64K | -71.93K | -773.01K |
| Investing Cash Flow | 585.50K | -831.94K | -14.60K | -25.86K | -165.02K |
| Financing Cash Flow | 102.14K | 1.18M | 460.27K | 352.27K | 462.89K |
Nex Metals Explorations Ltd Technical Analysis
Negative
0.02
Price Trends
0.01
Negative
0.01
Negative
0.02
Negative
Market Momentum
>-0.01
Positive
32.57
Neutral
-6.67
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 0.01, 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 32.57 is Neutral, neither overbought nor oversold. The STOCH value of -6.67 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% | |
51 Neutral | AU$4.88M | 0.60 | 44.41% | ― | ― | ― | |
47 Neutral | AU$3.48M | -4.03 | -62.56% | ― | ― | 70.75% | |
47 Neutral | AU$7.03M | -2.69 | -40.61% | ― | ― | 22.39% | |
46 Neutral | AU$22.54M | -5.88 | -561.82% | ― | ― | 36.45% | |
44 Neutral | AU$3.76M | 3.44 | -96.55% | ― | ― | ― |
* Basic Materials Sector Average
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Nex Metals Explorations Ltd Corporate Events
Nex Metals Updates Board as It Pursues Capital-Light Gold Expansion
Sep 29, 2026
Nex Metals Explorations Ltd, an ASX-listed gold explorer and developer, is pursuing a capital-light path to become a cash-generative gold producer through Western Australian projects like the Kookynie Gold Tailings Project and a joint venture with...
Nex Metals expands Eastern Goldfields footprint with major Keith–Kilkenny licence push
Sep 28, 2026
Nex Metals Explorations, via its Nex Wongatha joint venture, has lodged 12 new exploration licence applications covering about 1,947 km² along the Keith–Kilkenny Trend in Western Australia’s Eastern Goldfields, significantly expan...
Nex Metals JV Moves to Vastly Expand East Scotia Gold Project in WA
Sep 2, 2026
Nex Metals Explorations Ltd has significantly expanded its East Scotia Gold Project in Western Australia through its Nex Wongatha joint venture, lodging four new exploration licence applications. The project now comprises three granted exploration...
Nex Metals Moves Kookynie Tailings Closer to Development With New Lease Bid
Aug 25, 2026
Nex Metals Explorations Ltd has lodged an application for a 100-hectare General Purpose Lease about 10 kilometres east of the Kookynie Tailings Project, identifying the site as its preferred location for new processing infrastructure jointly owned...
Nex Metals Details Arika Escrow Changes as Voting Power Falls Below Substantial Holder Threshold
Aug 21, 2026
Nex Metals Explorations Ltd has updated the market on changes to its shareholding in Arika Resources, where it holds a significant stake linked to gold projects at Yundamindra and Kookynie. Arika has confirmed that 14,705,883 Nex Metals-held share...
Nex Metals Retracts Historic Data, Advances West Point JV Gold-Copper Project
Aug 19, 2026
Nex Metals Explorations Ltd has retracted previously disclosed historical exploration results for the West Point Gold-Copper Project, the maiden asset in its joint venture with Wangkatja Tjungula Aboriginal Corporation, after confirming these data...
Nex Metals JV Acquires East Scotia Gold Project in WA’s Eastern Goldfields
Aug 13, 2026
Nex Metals Explorations and the Wangkatja Tjungula Aboriginal Corporation joint venture have agreed to acquire the East Scotia Gold Project in Western Australia’s Eastern Goldfields, marking the JV’s second project. The package compris...
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...
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.