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Piche Resources Limited
(Sydney:PR2)
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Rating:47Neutral
Price Target:
AU$0.05
▼(-62.14% Downside)
Action:Upgraded
Date:10/02/26
The score is primarily weighed down by weak financial performance (no revenue, widening losses, and accelerating cash burn), despite the benefit of zero debt. Technical indicators are mixed-to-neutral with only modest signs of improving momentum, and valuation support is limited due to negative earnings and no dividend yield.
Positive Factors
Debt-free balance sheet
The absence of debt removes scheduled principal repayments and interest expense, giving the company greater flexibility than a similarly loss-making business with leverage. This provides some capacity to manage financial stress, although it does not offset ongoing cash consumption.
Negative Factors
No reported revenue
The absence of revenue across four reporting years indicates that the business has not yet demonstrated commercialization or customer demand through financial results. Without an operating top line, funding must support the company before revenue can contribute to costs, liquidity, or sustainable growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
The absence of debt removes scheduled principal repayments and interest expense, giving the company greater flexibility than a similarly loss-making business with leverage. This provides some capacity to manage financial stress, although it does not offset ongoing cash consumption.
Read all positive factors
Piche Resources Limited (PR2) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$17.53M
Dividend YieldN/A
Average Volume (3M)908.74K
Price to Earnings (P/E)―
Beta (1Y)1.83
Revenue GrowthN/A
EPS Growth9.34%
CountryAU
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.04
Shares Outstanding343,633,580
10 Day Avg. Volume184,125
30 Day Avg. Volume908,741
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)2.25
Price to Sales (P/S)0.00
P/FCF Ratio-0.63
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
Piche Resources Limited Business Overview & Revenue Model
Company Description
Piche Resources Ltd. operates as a nascent exploration and mining company, primarily focused on identifying and developing mineral deposits across Western Australia and Argentina. Its exploration endeavors target a broad spectrum of valuable resou...
How the Company Makes Money
null...
Piche Resources Limited Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
34
Negative
Cash Flow
12
Very Negative
| Breakdown | Jun 2025 | Jun 2025 | Jun 2024 | Jun 2023 |
|---|---|---|---|---|
Income Statement | ||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -17.85K | -16.38K | -7.33K | 0.00 |
| EBITDA | -5.69M | -5.27M | -3.06M | -1.22M |
| Net Income | -5.27M | -5.29M | -3.07M | -1.20M |
Balance Sheet | ||||
| Total Assets | 1.62M | 5.29M | 2.25M | 1.05M |
| Cash, Cash Equivalents and Short-Term Investments | 1.49M | 5.10M | 967.53K | 1.03M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 152.88K | 512.67K | 1.75M | 224.07K |
| Stockholders Equity | 1.47M | 4.78M | 493.54K | 823.27K |
Cash Flow | ||||
| Free Cash Flow | -5.23M | -4.82M | -2.18M | -1.00M |
| Operating Cash Flow | -5.22M | -4.80M | -2.11M | -1.00M |
| Investing Cash Flow | -9.10K | -13.01K | -68.60K | 0.00 |
| Financing Cash Flow | 1.87M | 9.14M | 2.06M | 2.03M |
Piche Resources Limited Technical Analysis
Neutral
0.14
Price Trends
0.04
Positive
0.03
Positive
0.06
Negative
Market Momentum
<0.01
Positive
45.16
Neutral
3.92
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:PR2, the sentiment is Neutral. The current price of 0.14 is above the 20-day moving average (MA) of 0.06, above the 50-day MA of 0.04, and above the 200-day MA of 0.06, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 45.16 is Neutral, neither overbought nor oversold. The STOCH value of 3.92 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:PR2.
Piche Resources Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | AU$4.16M | 12.00 | 6.51% | ― | ― | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
47 Neutral | AU$17.53M | -1.37 | -184.07% | ― | ― | 9.34% | |
46 Neutral | AU$3.95M | -0.49 | >-0.01% | ― | ― | 44.59% | |
43 Neutral | AU$3.84M | -0.61 | -24.07% | ― | ― | 93.84% | |
43 Neutral | AU$3.30M | -7.97 | -18.57% | ― | ― | 71.13% | |
42 Neutral | AU$3.62M | -1.67 | -37.96% | ― | ― | -37.80% |
* General Sector Average
AU:PR2
Piche Resources Limited
0.05
-0.09
-65.96%
AU:DTM
Dart Mining NL
0.01
-0.06
-85.33%
AU:CMO
Cosmo Metals Limited
0.01
-0.01
-50.00%
AU:PBL
Parabellum Resources Ltd.
0.06
-0.02
-30.38%
AU:CUL
Cullen Resources Limited
0.01
0.00
0.00%
AU:SRN
Surefire Resources NL
0.02
>-0.01
-29.63%
Piche Resources Limited Corporate Events
Piche Resources Director Increases Option Holdings Through Sub-Underwriting Issue
Oct 1, 2026
Piche Resources Limited has disclosed a change in the indirect interests of director Gerard O’Donovan, held through the O’Donovan Family Account. The filing reports that his position remains a combination of ordinary shares and options...
Piche Resources Expands Share Base with New Issue Under Disclosure Exemption
Oct 1, 2026
Piche Resources Limited (ASX: PR2) is a resources-sector company focused on mineral exploration and development, offering investors exposure to the mining industry through its ASX-listed securities. Operating under Australia’s corporate and ...
Piche Resources Seeks ASX Quotation for 2.78 Million New Shares
Oct 1, 2026
Piche Resources Limited, listed on the ASX under ticker PR2, has applied to quote an additional tranche of ordinary fully paid shares, expanding its listed equity base. The company lodged an Appendix 2A with the ASX to seek quotation for 2,777,777...
Piche Resources Seeks ASX Quotation for 55.6 Million New Shares
Oct 1, 2026
Piche Resources Limited has applied to the ASX for quotation of 55,555,555 new ordinary fully paid shares, issued on October 1, 2026, under its ticker PR2. The sizeable issuance, tied to a previously flagged transaction, expands the company’...
Piche Resources Seeks ASX Quotation for 609,780 New Shares
Oct 1, 2026
Piche Resources Limited has applied to the Australian Securities Exchange for quotation of additional ordinary fully paid shares under its existing PR2 ticker. The company’s latest filing records the issuance of 609,780 new shares, expanding...
Piche Resources Flags Boardroom Changes in 2026 Annual Report
Sep 30, 2026
Piche Resources Limited is an Australian resources-sector company listed on the ASX under the codes PR2, PR2O and PR2OA and based on St Georges Terrace in Perth. Its corporate affairs, including governance disclosures and shareholder services, are...
Piche Resources lodges ASX corporate governance disclosures for 2026
Sep 30, 2026
Piche Resources Limited has lodged its corporate governance statement and Appendix 4G with the ASX for the financial year ended 30 June 2026, and made these disclosures available via its website. The governance statement, current as of 30 Septembe...
Piche Resources Plans New ASX-Listed Option Issue to Bolster Funding
Sep 24, 2026
Piche Resources Limited has notified the ASX of a proposed issue of additional securities as part of its ongoing capital management strategy. The company plans to issue up to 1,848,149 PR2OA options, each expiring on 28 August 2029, under a placem...
Piche Resources Plans Medium-Term Option Placement on ASX
Sep 24, 2026
Piche Resources Limited has notified the ASX of a proposed issue of options as part of a placement or similar capital markets transaction. The options, carrying the ASX security code PR2OA, are structured to expire on 28 August 2029, aligning the ...
Piche Resources Plans Major Share Placement to Bolster Capital Base
Sep 24, 2026
Piche Resources Limited, listed on the ASX under code PR2, operates in the resources sector and relies on public equity markets to fund its business. The company issues ordinary fully paid shares, supporting its ongoing corporate activities and pr...
Piche Resources secures $1.1m placement to fund growth and strategic review
Sep 24, 2026
Piche Resources Limited has secured firm commitments from sophisticated and other investors to raise $1.1 million via a share placement priced at $0.018 per share, accompanied by quoted options on a one-for-three basis. The capital injection lifts...
Piche Resources Wins Strong Shareholder Backing for Capital-Raising Resolutions
Sep 22, 2026
Piche Resources Limited shareholders overwhelmingly backed a suite of capital markets resolutions at the company’s 22 September 2026 general meeting, with all motions passed by poll. The approvals cover the issue of sub-underwriter options t...
Piche Resources Seeks Trading Halt Ahead of Capital Raising
Sep 21, 2026
Piche Resources Limited has requested a trading halt in its securities on the ASX as it prepares to announce a capital raising. The halt, granted under ASX Listing Rule 17.1, will remain in place until the earlier of normal trading resuming on Thu...
Piche Resources Launches Strategic Portfolio Review and CEO Search After Capital Raising
Sep 7, 2026
Piche Resources has launched a strategic review of its project portfolio and potential new acquisitions following the completion of a fully underwritten rights issue and a planned top-up placement, aiming to strengthen and grow its asset base. Sup...
Piche Resources Appoints New Director with Significant Indirect Stake
Sep 1, 2026
Piche Resources Limited has appointed Gerard O’Donovan as a director effective 1 September 2026, according to an initial director’s interest notice lodged with the ASX. The filing notes that he holds no securities directly in his own n...
Piche Resources Strengthens Board With Appointment of Veteran Mining Executive
Aug 31, 2026
Piche Resources Limited has appointed experienced resource executive Gerard O’Donovan as a non-executive director, strengthening its board with leadership spanning exploration, development and operations across key commodities. O’Donov...
Piche Resources Director Increases Indirect Stake via Entitlement Offer
Aug 31, 2026
Piche Resources Limited has reported a change in director Stephen Mann’s indirect interests following an entitlement offering on the ASX. The interests are held via his spouse, Tracy Sophia Mann, whose participation in the offer resulted in ...
Piche Resources PR2OA Securities Cleared to Resume Trading on ASX
Aug 28, 2026
Piche Resources Limited will have its PR2OA securities reinstated to quotation on the Australian Securities Exchange from the commencement of trade on 31 August 2026, following confirmation of compliance with ASX Listing Rule 2.5. The reinstatemen...
Piche Resources Reveals Highly Concentrated PR2OAWC Options Register
Aug 28, 2026
Piche Resources Limited has disclosed the current distribution of holdings in its PR2OAWC options, which are exercisable at $0.027 and recently priced at $0.0240 per security. The options structure shows a concentrated register, with a small numbe...
Piche Resources Reveals Concentrated Ownership of Long-Dated Options
Aug 28, 2026
Piche Resources Limited has disclosed the top 20 holders of its PR2OAWC options, exercisable at $0.027 and expiring on 28 August 2029. The report shows a relatively concentrated register, with the largest individual holder, Gerard Fachtna O’...
Piche Resources Seeks ASX Quotation for New Shares and Options
Aug 28, 2026
Piche Resources Limited has applied to the ASX for quotation of 140,678,568 ordinary fully paid shares and 46,892,799 deferred options expiring on 28 August 2029, all issued on 28 August 2026. The move formalises the listing of these securities th...
Piche Resources Issues Shares to Settle Lead Manager Fees for Entitlement Offer
Aug 28, 2026
Piche Resources Limited has issued 3,333,333 fully paid ordinary shares as part payment of fees to the lead manager for its recent entitlement offer, opting to compensate partly in equity rather than cash. The shares were issued without a prospect...
Piche Resources Seeks ASX Quotation for New Ordinary Shares
Aug 27, 2026
Piche Resources Limited, trading under ASX code PR2, is an emerging participant in the Australian resources sector and is advancing its presence on the public markets. The company is currently focused on structuring and listing its ordinary shares...
Piche Resources Secures Full Funding Through Underwritten Entitlement Offer
Aug 25, 2026
Piche Resources Limited has concluded a fully underwritten, non-renounceable pro-rata entitlement offer, issuing one new share for every existing share at $0.018, with free-attaching options, to raise about $2.53 million before costs. Eligible sha...
ASX Suspends Trading in Piche Resources’ PR2OA Securities
Aug 24, 2026
The ASX has suspended quotation of Piche Resources Limited’s PR2OA security class, invoking Listing Rule 17.3.4 while the company works to meet the requirements of Listing Rule 2.5. The suspension is narrowly targeted, applying only to the P...
Piche Resources Calls September General Meeting and Streamlines Proxy Voting
Aug 19, 2026
Piche Resources Limited has called a General Meeting of shareholders for 9.00am Perth time on 22 September 2026 at the offices of Argus Corporate Partners in Perth. The company has confirmed that the Notice of Meeting and explanatory materials wil...
Piche Resources Dispatches Documents for Fully Underwritten Entitlement Offer
Aug 6, 2026
Piche Resources Limited has commenced the dispatch of its prospectus and personalised entitlement and acceptance forms for a fully underwritten, non-renounceable pro rata entitlement offer to eligible shareholders. The offer, aligned with an indic...
Piche Resources launches fully underwritten $2.53m entitlement offer
Aug 6, 2026
Piche Resources Limited has launched a fully underwritten non-renounceable pro rata entitlement offer to existing eligible shareholders at $0.018 per new share on a one-for-one basis, with one free-attaching option for every three new shares subsc...
Piche Resources launches fully underwritten $2.53m entitlement offer
Aug 6, 2026
Piche Resources Limited has launched a fully underwritten, non-renounceable pro rata entitlement offer to eligible shareholders in Australia and New Zealand, priced at $0.018 per new share on a one-for-one basis, with free-attaching options on a o...
Piche Resources Plans Large ASX-Listed Option Issue to Support Funding Needs
Jul 30, 2026
Piche Resources Limited has notified the ASX of a proposed issue of 46,892,856 new options as part of a placement or other form of capital raising. The options will be exercisable at $0.027 and are scheduled to be issued on 22 September 2026, subj...
Piche Resources Updates Underwritten Pro Rata Securities Issue
Jul 30, 2026
Piche Resources Limited, an Australia-listed resources company trading under the code PR2, is advancing its capital management strategy through structured equity issuance. The firm is utilising ASX listing rule mechanisms to access funding from ex...
Piche Resources Secures Full Underwriting for $2.53m Entitlement Offer
Jul 29, 2026
Piche Resources Limited has executed an underwriting agreement with Leeuwin Wealth Pty Ltd and appointed Cumulus Wealth Pty Ltd as lead manager for a fully underwritten pro rata non-renounceable entitlement offer to raise up to approximately $2.53...
Piche Resources Launches Fully Underwritten $2.53m Entitlement Offer
Jul 29, 2026
Piche Resources Limited has released a prospectus for a non-renounceable pro-rata entitlement offer to existing shareholders, offering one new share for every share held at an issue price of $0.018 to raise up to approximately $2.53 million before...
Piche Resources Confirms Epithermal Au-Ag System at Cerro Chacón and Flags High-Grade Rare Earths at Ashburton
Jul 28, 2026
Piche Resources reported completion of a maiden reverse circulation drilling campaign at its Cerro Chacón Gold Project in Argentina, with 53 holes drilled over 5,911 metres across the Chacón Grid, La Javiela and Toro Hosco prospects. Ass...
Piche Resources Discloses Director Clark Beyer’s Exit and Ongoing Indirect Stakes
Jul 24, 2026
Piche Resources Limited has notified the ASX that director Clark Mathew Beyer ceased to be a director on 24 July 2026, in compliance with listing rule 3.19A.3 and section 205G of the Corporations Act. The notice confirms that Beyer holds no securi...
Piche Resources Plans Major Share Placement and Option Issue
Jul 23, 2026
Piche Resources Limited has lodged a notice with the ASX outlining a proposed capital raising via a placement and related issue of securities. The plan includes issuing up to 55,555,555 ordinary fully paid shares under code PR2, together with 18,5...
Piche Resources Plans Issue of 15 Million Long-Dated Options
Jul 23, 2026
Piche Resources Limited has announced a proposed placement of up to 15 million options, each exercisable at $0.027 and expiring on 28 August 2029, with an expected issue date of 22 September 2026. The planned options issue is intended to broaden t...
Piche Resources Plans Equity Placement of 3.33 Million Shares
Jul 23, 2026
Piche Resources Limited has announced a proposed placement of up to 3,333,333 ordinary fully paid shares, to be issued under its ASX code PR2. The new securities are scheduled for issue on 28 August 2026, signalling the company’s intention t...
Piche Resources Launches Pro Rata Offer of Shares and Options
Jul 23, 2026
Piche Resources Limited has announced a non-renounceable pro rata offer to its shareholders, proposing the issue of up to 140,678,568 new ordinary fully paid shares. The company will also issue up to 46,892,856 options exercisable at $0.027 each, ...
Piche Resources Launches A$2.5m Entitlement Offer and Refreshes Board
Jul 23, 2026
Piche Resources has launched a 1-for-1 non-renounceable pro-rata entitlement offer to raise up to A$2.5 million at A$0.018 per share, with one free attaching option for every three new shares subscribed. Funds will be directed toward on-ground exp...
Piche Resources Seeks Trading Halt Ahead of Capital Raising Announcement
Jul 21, 2026
Piche Resources Limited, an ASX-listed resources company based in Perth, operates within Australia’s mining and energy-focused capital markets. The firm uses public equity funding and ASX mechanisms to support its projects and manage investo...
Piche Resources Plans Modest Share and Option Placement on ASX
Jul 14, 2026
Piche Resources Limited has notified the ASX of a proposed issuance of new securities, comprising up to 100 ordinary fully paid shares and 100 options expiring on May 2, 2027, under its issuer code PR2. The placement is scheduled for July 16, 2026...
Piche Resources Issues Cleansing Prospectus for Shares and Options
Jul 14, 2026
Piche Resources Limited has released a prospectus for a small offer of 100 ordinary shares at $0.03 each and 100 options at no issue price. The document is primarily designed to facilitate the trading of previously issued shares and options by mee...
Piche Resources to Release Escrowed Shares and Options, Boosting ASX Free Float
Jul 8, 2026
Piche Resources Limited has announced that a large tranche of ordinary shares and multiple series of options will be released from escrow on 15 July 2026. The release covers 43,889,035 ordinary shares and more than 65 million options with varying ...
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.