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Perpetual Resources (PEC) AI Stock Analysis
Perpetual Resources
(ASX:PEC)
The score is dominated by very weak fundamentals: zero revenue, a deepening FY2026 loss of about A$3.0 million, persistent operating and free cash outflows, and a shrinking asset base that leaves the company dependent on dilutive equity raisings. A debt-free balance sheet and a modest, controlled cost base provide some cushion but cannot offset the absence of any earnings or cash generation. Technicals reinforce the caution, with the price below all key moving averages and negative MACD momentum, while a negative P/E and no dividend leave valuation unsupportive. This is a high-risk, project-outcome-driven speculative situation rather than a fundamentally supported investment. Note: the raw weighted calculation falls below the minimum floor, so the score is reported at the lowest permitted level of 37.
Perpetual Resources (PEC) vs. iShares MSCI Australia ETF (EWA)
- Market Cap
- AUD 10.84M
- Dividend Yield
- ―
- Average Volume (3M)
- 1.52M
- Price to Earnings (P/E)
- -3.3
- Beta (1Y)
- 0.77
- Revenue Growth
- ―
- EPS Growth
- -172.73%
- Country
- Australia
- Employees
- 0
- Sector
- General
- Sector Strength
- 55
- Industry
- Industrial Materials
Perpetual Resources Business Overview & Revenue Model
Company Description
Perpetual Resources Limited primarily focuses on discovering and developing silica sand deposits, with the ultimate goal of extracting silica throughout the Oceania geographical area. The company's key project is the Beharra Silica Sands venture, whi...
Perpetual Resources Financial Statement Overview
Summary
Perpetual Resources is a pre-revenue exploration company with no sales, a widening FY2026 net loss of roughly A$3.0 million (versus A$0.9 million in FY2025), and negative free cash flow of about A$1.4 million. The income statement (9) and cash flow (13) are very weak, with cash burn in every year shown and return on equity near -62%. The balance sheet (55) is the clear offset: zero debt, equity of about A$4.8 million funding nearly all of a A$5.0 million asset base. However, the asset base has shrunk from A$9.3 million in FY2021, and equity gains stem from share issuance rather than earnings, implying ongoing dilution and continued reliance on external funding.
Income Statement
9Very NegativeBalance Sheet
55NeutralCash Flow
13Very Negative| Breakdown | TTM | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0 | 0 | 0 | 15.26K | 0 | 0 |
| Gross Profit | -14.76K | -14.76K | -10.53K | -5,863 | 0 | 0 |
| EBITDA | -1.59M | -1.59M | -893.05K | -5.59M | -956.75K | 414 |
| Net Income | -2.97M | -2.97M | -903.59K | -5.44M | -4.84M | -1.68M |
Balance Sheet | ||||||
| Total Assets | 4.99M | 4.99M | 3.98M | 2.72M | 5.27M | 8.59M |
| Cash, Cash Equivalents and Short-Term Investments | 2.34M | 2.34M | 826.29K | 909.62K | 1.30M | 1.13M |
| Total Debt | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 178.62K | 178.62K | 130.59K | 492.39K | 356.50K | 343.56K |
| Stockholders Equity | 4.81M | 4.81M | 3.84M | 2.23M | 4.91M | 8.25M |
Cash Flow | ||||||
| Free Cash Flow | -1.39M | -1.39M | -1.14M | -2.01M | -1.30M | -2.28M |
| Operating Cash Flow | -1.21M | -1.21M | -1.11M | -758.12K | -591.33K | -892.46K |
| Investing Cash Flow | -1.02M | -1.02M | -1.30M | -1.25M | -707.70K | -1.39M |
| Financing Cash Flow | 3.76M | 3.76M | 2.35M | 1.62M | 1.47M | -9,858 |
Perpetual Resources Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:PEC, the sentiment is Negative. The current price of 0.01 is below the 20-day moving average (MA) of 0.01, below the 50-day MA of 0.01, and below the 200-day MA of 0.01, indicating a bearish trend. The MACD of -0.00 indicates Positive momentum. The RSI at 39.32 is Neutral, neither overbought nor oversold. The STOCH value of -0.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:PEC.
Perpetual Resources Peers Comparison
Overall Rating
AU:PAT42Neutral
AU:CZN40Underperform
AU:GRE39Underperform
AU:IG639Underperform
AU:VR833Underperform- AU:PEC30Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| AU:PAT | 42Neutral | AUD 13.95M | -1.77 | -56.79% | ― | ― | 26.38% |
| AU:CZN | 40Underperform | AUD 20.56M | -0.69 | -39.70% | ― | ― | -88.48% |
| AU:GRE | 39Underperform | AUD 12.03M | -1.42 | -26.48% | ― | ― | 79.00% |
| AU:IG6 | 39Underperform | AUD 11.67M | -2.50 | -23.31% | ― | -100.00% | -18.40% |
| AU:VR8 | 33Underperform | AUD 17.52M | 83.33 | -0.13% | ― | ― | 97.78% |
| AU:PEC | 30Underperform | AUD 10.84M | -3.33 | -72.11% | ― | ― | -172.73% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| AU:PEC | Perpetual Resources Ltd. | 0.01 | 0.00 | 0.00% | |
| AU:VR8 | Vanadium Resources Ltd. | 0.03 | -0.00 | -13.79% | |
| AU:CZN | Corazon Mining Limited | 0.09 | -0.09 | -50.86% | |
| AU:GRE | Greentech Metals Ltd. | 0.03 | -0.03 | -48.39% | |
| AU:IG6 | International Graphite Limited | 0.04 | -0.04 | -53.16% | |
| AU:PAT | Patriot Lithium Ltd. | 0.04 | -0.01 | -23.08% |
Perpetual Resources Corporate Events
Perpetual Resources Unveils High-Grade Tungsten Hits at Nevada Scheelite
Perpetual Resources has reported exceptionally high-grade tungsten assay results from maiden modern sampling at its Nevada Scheelite project, including underground samples grading up to 12.03% WO₃ and multiple results above 4%. Surface rock chi...
Perpetual advances U.S. funding push for Nevada tungsten project
Perpetual Resources has reported substantial progress in its strategy to secure U.S. Government support for the Nevada Scheelite Tungsten Project since appointing Washington, D.C.-based advisor GreenMet in August 2026. Initial engagement with governm...
Perpetual Resources Updates Registered Office Address in Subiaco
Perpetual Resources Ltd has announced an immediate change to its registered office and principal place of business, relocating to Suite 15B, 531 Hay Street in Subiaco, Western Australia. The move updates the company’s formal corporate address w...
Perpetual Resources lodges governance statement and sets AGM date
Perpetual Resources has released its updated corporate governance statement and lodged an accompanying Appendix 4G for the financial year ended 30 June 2026, confirming compliance with ASX corporate governance disclosure rules. The documents, approve...
Perpetual Resources boosts director’s performance rights holding
Perpetual Resources has disclosed a change in director Julian Babarczy’s indirect interests, reflecting the issue of an additional 12.5 million performance rights to an entity associated with him. These new rights, which carry no cash considera...
Perpetual Resources Issues 27.5 Million Performance Rights Under Incentive Scheme
Perpetual Resources has notified the market of the issue of 27,500,000 unquoted performance rights under its employee incentive scheme, with an issue date of 18 September 2026. The large grant of performance rights underscores the company’s con...
Perpetual Resources Multiplies Footprint at Historic Nevada Tungsten Project
Perpetual Resources has significantly expanded its Nevada Scheelite Tungsten Project in Mineral County, Nevada, by physically staking 62 new lode mining claims surrounding the historic Nevada Scheelite mine. The new ground adds 1,272 acres, increasin...
Perpetual Resources Mobilises 1,500m Diamond Drilling at Brazilian Lithium Project
Perpetual Resources has commenced mobilisation for an approximately 1,500m diamond drilling campaign at its Igrejinha Lithium Project in Brazil, following the execution of a contract with ServDrill Brazil. The program will focus on the Mauricio and M...
Perpetual Resources launches diamond drilling at Brazilian Igrejinha lithium project
Perpetual Resources has contracted Brazilian firm ServDrill Brazil to undertake a 1,500-metre diamond drilling program at the Mauricio and Morro Grande prospects within its Igrejinha Lithium Project in Minas Gerais. The campaign, set to begin in Sept...
Perpetual Advances Nevada Scheelite Tungsten Project with High-Grade Historical Data Review
Perpetual Resources has completed an initial review of historical drilling and technical data from the Nevada Scheelite Tungsten Project, identifying 22 drill holes with reported tungsten intercepts at or above 0.2% WO₃ from a 42‑hole sub...
Perpetual Resources Launches 3D LiDAR Survey at Nevada Scheelite Project
Perpetual Resources has begun an underground 3D LiDAR survey at its Nevada Scheelite Tungsten Project, capturing high-resolution spatial data from historic Leonard Mine workings. The survey will create a modern georeferenced framework to align histor...
Perpetual Resources Secures Shareholder Backing for Capital Moves and Director Incentives
Perpetual Resources Ltd has reported that all resolutions put to shareholders at its 21 August 2026 general meeting were approved by poll, including ratifications of prior share and option placements under various listing rule capacities. These resul...
Perpetual hires U.S. adviser GreenMet to boost Nevada tungsten project
Perpetual Resources has appointed Washington D.C.-based strategic advisory firm GreenMet Mineral Holdings to spearhead its engagement with the U.S. Government and key stakeholders for the Nevada Scheelite Tungsten Project. The move is designed to emb...
Perpetual Resources Issues New Shares Under Cleansing Notice
Perpetual Resources has issued 4,228,664 fully paid ordinary shares as part of its ongoing capital management activities. The new shares were issued to investors without a prospectus under an exemption in the Corporations Act, relying on a cleansing...
Perpetual Resources Begins Underground Reconnaissance at Nevada Tungsten Project
Perpetual Resources has mobilised its U.S.-based technical team to the Nevada Scheelite Tungsten Project to launch its first underground reconnaissance program aimed at modernising exploration and refining drill targeting. Working with Burgex Mining...
Perpetual Resources Seeks ASX Quotation for Over 4.2 Million New Shares
Perpetual Resources Limited has applied for quotation of 4,228,664 new ordinary fully paid shares on the ASX, with an issue date of July 29, 2026. The application under Appendix 2A follows previously announced transactions, signaling an expansion of...
Perpetual Resources Expands Critical Minerals Portfolio with Nevada Tungsten Acquisition and Brazilian Lithium Progress
Perpetual Resources has agreed to acquire a 100% interest in the historic Nevada Scheelite tungsten mine in Mineral County, Nevada, securing four patented mining claims with private mineral and surface rights over the high-grade core. The brownfield...
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 22, 2026