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Nordic Nickel Limited
(Sydney:NNL)
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Rating:43Neutral
Price Target:
AU$0.17
▼(-8.42% Downside)
Action:Reiterated
Date:10/16/26
The score is primarily held down by weak financial performance (minimal revenue, expanding losses, and ongoing cash burn) and bearish technicals (price below all key moving averages with negative MACD and low RSI). A low-debt balance sheet provides some stability, but negative earnings (reflected in a negative P/E) and no indicated dividend support keep the overall rating in the low range.
Positive Factors
Low Leverage
Debt is effectively zero in most years and debt-to-equity is very low, reducing fixed financial obligations while the company advances its projects. This conservative leverage profile can preserve flexibility to fund exploration and development without substantial interest or refinancing pressure.
Negative Factors
Pre-Revenue Profile
The company has not established a recurring revenue stream, leaving its operations dependent on advancing projects before commercial production begins. This pre-revenue profile limits internal funding capacity and means near-term financial performance remains highly exposed to development execution and project economics.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Debt is effectively zero in most years and debt-to-equity is very low, reducing fixed financial obligations while the company advances its projects. This conservative leverage profile can preserve flexibility to fund exploration and development without substantial interest or refinancing pressure.
Read all positive factors
Nordic Nickel Limited (NNL) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$62.93M
Dividend YieldN/A
Average Volume (3M)278.29K
Price to Earnings (P/E)―
Beta (1Y)0.29
Revenue GrowthN/A
EPS Growth1.22%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.01
Shares Outstanding381,397,980
10 Day Avg. Volume264,979
30 Day Avg. Volume278,292
Financial Highlights & Ratios
PEG Ratio7.27
Price to Book (P/B)2.36
Price to Sales (P/S)0.00
P/FCF Ratio-79.25
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
Nordic Nickel Limited Business Overview & Revenue Model
Company Description
Nordic Nickel Limited is dedicated to the exploration and discovery of nickel sulphides and vital battery minerals. Its leading initiative, the Pulju project, is situated in Finland and encompasses a granted exploration license, seven additional l...
Nordic Nickel Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
64
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 | 14.64K | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 14.64K | 726.37K | 0.00 |
| EBITDA | -3.06M | 0.00 | 0.00 | 0.00 | -1.64M |
| Net Income | -2.83M | -1.27M | -1.88M | -1.41M | -1.64M |
Balance Sheet | |||||
| Total Assets | 32.43M | 21.11M | 12.27M | 13.71M | 12.09M |
| Cash, Cash Equivalents and Short-Term Investments | 8.48M | 1.82M | 1.13M | 5.39M | 10.75M |
| Total Debt | 0.00 | 0.00 | 110.67K | 0.00 | 0.00 |
| Total Liabilities | 500.44K | 162.66K | 379.62K | 2.05M | 73.94K |
| Stockholders Equity | 31.93M | 20.95M | 11.89M | 11.66M | 12.02M |
Cash Flow | |||||
| Free Cash Flow | -949.21K | -3.07M | -1.54M | -622.74K | -1.85M |
| Operating Cash Flow | -949.21K | -902.25K | -1.54M | -528.69K | -1.40M |
| Investing Cash Flow | -5.72M | -2.17M | -4.67M | -5.03M | -452.28K |
| Financing Cash Flow | 13.32M | 3.76M | 1.97M | 0.00 | 11.75M |
Nordic Nickel Limited Technical Analysis
Negative
0.19
Price Trends
0.19
Negative
0.19
Negative
0.19
Negative
Market Momentum
>-0.01
Positive
40.19
Neutral
22.22
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:NNL, the sentiment is Negative. The current price of 0.19 is above the 20-day moving average (MA) of 0.18, above the 50-day MA of 0.19, and above the 200-day MA of 0.19, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 40.19 is Neutral, neither overbought nor oversold. The STOCH value of 22.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:NNL.
Nordic Nickel 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% | |
45 Neutral | AU$22.77M | -3.08 | -43.52% | 26.19% | ― | 76.51% | |
44 Neutral | AU$32.31M | -3.06 | -24.22% | ― | ― | -28.87% | |
43 Neutral | AU$62.93M | -13.52 | -8.65% | ― | ― | 1.22% | |
43 Neutral | AU$37.54M | -2.79 | -16.19% | ― | ― | 46.91% | |
43 Neutral | AU$18.04M | -3.89 | -21.01% | ― | ― | 93.65% | |
43 Neutral | AU$23.63M | -2.97 | -11.28% | ― | ― | 45.59% |
* Basic Materials Sector Average
AU:NNL
Nordic Nickel Limited
0.16
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0.03
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Widgie Nickel Limited
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0.01
>-0.01
-35.29%
Nordic Nickel Limited Corporate Events
Nordic Resources boosts Kopsa gold resource and metallurgical performance in Finland
Oct 21, 2026
Nordic Resources has lifted the interim mineral resource estimate at its Kopsa gold-copper-silver deposit in central Finland to 44.0Mt at 1.07g/t AuEq for 1.52Moz AuEq within an optimised pit shell, with 86% of the resource now in the Measured and...
Nordic Resources Adds High-Grade Jukulainen Project in Finland’s Gold Belt
Oct 19, 2026
Nordic Resources Ltd has expanded its footprint in Finland’s Middle Ostrobothnia Gold Belt by acquiring the Jukulainen gold project from Timalfi Partners Ay. The earlier-stage Jukulainen licence sits near Nordic’s three existing gold p...
Nordic Resources Issues New Performance Rights and Unquoted Options Under Incentive Scheme
Oct 8, 2026
Nordic Resources Ltd has notified the ASX of the issue of 2,000,000 performance rights and a total of 3,750,000 unquoted options under its employee incentive scheme. These securities are unquoted and were issued on 8 October 2026, with new option ...
Nordic Resources Sets AGM Date and Director Nomination Deadline
Oct 2, 2026
Nordic Resources Ltd has scheduled its Annual General Meeting for Wednesday, 25 November 2026, and will release a formal notice and proxy form to shareholders ahead of the event. The meeting will include the election of directors, with nominations...
Nordic Resources Files 2026 Annual Report with ASX
Sep 25, 2026
Nordic Resources Ltd, listed on the Australian Securities Exchange as NNL and headquartered in Perth, operates within the mining and resources sector under a standard ASX-listed corporate framework. Its board comprises a non-executive chairman, an...
Nordic Resources Lodges Updated ASX Corporate Governance Statement
Sep 25, 2026
Nordic Resources Limited has filed its corporate governance statement for the year to 30 June 2026 with the ASX, confirming compliance with the exchange’s reporting requirements. The statement is made available on the company’s website...
Nordic Resources lifts Kopsa outlook with strong metallurgical results
Sep 23, 2026
Nordic Resources reported strong metallurgical results from its first test program on eleven mineralised samples from the Kopsa gold-copper project in Finland, confirming high recoveries of gold, copper and silver using a conventional grinding, fl...
Nordic Resources to Brief Investors Ahead of Kopsa Resource Update
Sep 20, 2026
Nordic Resources Limited, an ASX-listed mineral exploration company, focuses on advancing its Kopsa gold-copper project in Finland within the broader Nordic mining region. Operating from Perth, the company targets investors interested in precious ...
Nordic Resources to Update Investors on Finnish Gold-Copper Growth at RRS Conference
Sep 7, 2026
Nordic Resources Limited will showcase its latest operational developments and strategic outlook at the Resources Rising Stars Gold Coast Investor Conference in September 2026. Managing Director Robert Wrixon is set to provide investors with an up...
Nordic Resources Issues New Shares Following Option Conversions
Aug 26, 2026
Nordic Resources Ltd has issued 4,350,000 fully paid ordinary shares following the conversion of unlisted options, with the securities being offered without a prospectus under the disclosure exemptions in the Corporations Act 2001. The company has...
Nordic Resources Seeks ASX Quotation for 4.35 Million New Shares
Aug 26, 2026
Nordic Resources Ltd has applied for quotation of 4,350,000 ordinary fully paid shares on the ASX, with an issue date of August 26, 2026. The new securities arise from the exercise or conversion of existing options or other convertible instruments...
Nordic Resources Ramps Up Finland Gold Drilling to Expand Key Resources
Aug 3, 2026
Nordic Resources has restarted diamond drilling at its Kopsa gold-copper project in central Finland as part of a 12,000-metre program across its Finnish gold assets in the second half of 2026. A second rig will be added later, and the program is e...
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.