Prospect Resources Ltd. (AU:PSC)
ASX:PSC
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Prospect Resources Ltd.
(Sydney:PSC)
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Rating:47Neutral
Price Target:
AU$0.30
â–¼(-17.78% Downside)
Action:Reiterated
Date:04/17/26
The score is held down primarily by weak financial performance (no recent revenue, ongoing operating losses, and continued cash burn) and a negative P/E that reflects unprofitable operations. Technicals are comparatively better, with the price trading above key moving averages, but momentum is only moderate and not enough to offset the fundamental weaknesses.
Positive Factors
Low leverage / strong balance sheet
Minimal debt and very low leverage materially reduce refinancing and solvency risk for a development-stage miner. This preserves financial optionality to pursue project advancement, fund near-term exploration or negotiate JVs/sales without immediate solvency pressure, a durable structural benefit.
Negative Factors
No recent revenue and persistent operating losses
Zero reported revenue across multiple years and consistently negative EBIT/EBITDA show the company lacks operating scale and core earnings capacity. This persistent unprofitability undermines internal value creation and increases dependence on external financing or non-operational monetization events.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
Minimal debt and very low leverage materially reduce refinancing and solvency risk for a development-stage miner. This preserves financial optionality to pursue project advancement, fund near-term exploration or negotiate JVs/sales without immediate solvency pressure, a durable structural benefit.
Read all positive factors
Prospect Resources Ltd. (PSC) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$245.41M
Dividend YieldN/A
Average Volume (3M)458.36K
Price to Earnings (P/E)―
Beta (1Y)1.18
Revenue GrowthN/A
EPS Growth7.69%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.02
Shares Outstanding831,910,160
10 Day Avg. Volume589,073
30 Day Avg. Volume458,361
Financial Highlights & Ratios
PEG Ratio2.01
Price to Book (P/B)2.13
Price to Sales (P/S)0.00
P/FCF Ratio-14.62
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.60Price Target Upside66.67% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.01
Revenue Forecast (FY)N/A
Prospect Resources Ltd. Business Overview & Revenue Model
Company Description
Prospect Resources Limited engages in the exploration, evaluation, and development of mineral resources in Zimbabwe. The company primarily explores for lithium deposits. Its flagship project is the Arcadia lithium project that covers an area of ap...
How the Company Makes Money
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Prospect Resources Ltd. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 417.00K |
| Gross Profit | -123.00K | -155.00K | -133.00K | -106.00K | -56.00K | 390.00K |
| EBITDA | -6.84M | -7.31M | -6.71M | -5.08M | -17.82M | -2.54M |
| Net Income | -9.56M | -8.11M | -7.01M | -5.48M | 397.57M | -2.22M |
Balance Sheet | ||||||
| Total Assets | 42.56M | 48.43M | 27.31M | 29.77M | 475.59M | 35.26M |
| Cash, Cash Equivalents and Short-Term Investments | 10.26M | 21.06M | 8.36M | 26.19M | 474.29M | 7.88M |
| Total Debt | 72.00K | 100.00K | 41.00K | 98.00K | 36.00K | 76.00K |
| Total Liabilities | 1.38M | 2.30M | 1.05M | 708.00K | 1.33M | 1.30M |
| Stockholders Equity | 41.20M | 46.15M | 26.27M | 29.07M | 475.16M | 35.34M |
Cash Flow | ||||||
| Free Cash Flow | -7.02M | -6.74M | -9.32M | -6.35M | -10.05M | -6.14M |
| Operating Cash Flow | -6.03M | -6.10M | -6.42M | -4.76M | -5.24M | -2.51M |
| Investing Cash Flow | -10.03M | -7.70M | -11.41M | -3.07M | 451.91M | -2.98M |
| Financing Cash Flow | 17.97M | 26.33M | -63.00K | -440.43M | 19.72M | 11.68M |
Prospect Resources Ltd. Technical Analysis
Negative
0.36
Price Trends
0.32
Negative
0.35
Negative
0.28
Positive
Market Momentum
>-0.01
Negative
44.83
Neutral
20.94
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:PSC, the sentiment is Negative. The current price of 0.36 is above the 20-day moving average (MA) of 0.31, above the 50-day MA of 0.32, and above the 200-day MA of 0.28, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 44.83 is Neutral, neither overbought nor oversold. The STOCH value of 20.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:PSC.
Prospect Resources 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% | |
57 Neutral | AU$523.51M | -46.60 | -4.22% | ― | ― | 56.94% | |
47 Neutral | AU$245.41M | -21.00 | -21.89% | ― | ― | 7.69% | |
47 Neutral | AU$307.19M | -28.32 | -22.74% | ― | ― | 1.22% | |
46 Neutral | AU$81.90M | -5.17 | -16.67% | ― | ― | 42.00% | |
45 Neutral | AU$91.03M | -5.19 | -22.98% | ― | -50.11% | -160.00% | |
43 Neutral | AU$44.80M | -11.70 | -0.02% | ― | ― | 13.53% |
* Basic Materials Sector Average
AU:PSC
Prospect Resources Ltd.
0.29
0.14
96.55%
AU:GLN
Galan Lithium Limited
0.41
0.31
335.48%
AU:BSX
Blackstone Minerals Ltd
0.05
-0.05
-52.13%
AU:QPM
QPM Energy
0.02
-0.02
-43.59%
AU:TGN
Tungsten Mining NL
0.22
0.16
238.46%
AU:LEL
Lithium Energy Ltd.
0.38
<0.01
1.35%
Prospect Resources Ltd. Corporate Events
Prospect Resources Completes Conditional Share Placement Tranche to Eagle Eye Asset Holdings
May 21, 2026
Prospect Resources has issued 17,888,561 fully paid ordinary shares to Eagle Eye Asset Holdings Pte Ltd, completing the conditional tranche of a placement first announced in February and later approved by shareholders in April. The new shares were...
Prospect Resources Seeks ASX Quotation for 17.9 Million New Shares
May 21, 2026
Prospect Resources Ltd. has applied to the ASX for quotation of 17,888,561 new ordinary fully paid shares under its Appendix 2A filing. The securities, issued on 21 May 2026 and linked to a previously announced Appendix 3B transaction, will expand...
Prospect Resources Starts Phase 3 Drilling at Zambian Mumbezhi Copper Project
May 12, 2026
Prospect Resources has launched a Phase 3 drilling campaign at its 90%-owned Mumbezhi Copper Project in Zambia, targeting about 26,000 metres across diamond, reverse circulation and aircore holes. The programme aims to extend and upgrade existing ...
Prospect Resources Boosts Nyungu Central Economics With New Gold Assays
Apr 28, 2026
Prospect Resources has reported further encouraging gold results from re-assaying 50 drill holes at the Nyungu Central deposit within its Mumbezhi Copper Project in Zambia. The assays confirm widespread gold mineralisation associated with copper, ...
Prospect Resources Wins Strong Shareholder Backing for Capital Raising at EGM
Apr 28, 2026
Prospect Resources shareholders have approved all resolutions put to an extraordinary general meeting held on 28 April 2026, with each item passed by poll. The key decision was backing the issue of new shares to Eagle Eye Asset Holdings under a pr...
Prospect Resources boosts Mumbezhi copper resource and ramps up Zambia drilling
Apr 22, 2026
Prospect Resources has significantly expanded the Mumbezhi Copper Project’s mineral resource, reporting a 63% increase in tonnage and a 50% rise in contained copper, with over 41% now in the Indicated category. The updated resource, now comp...
Prospect Resources Confirms Widespread Gold at Nyungu Central, Lifts By-Product Upside at Mumbezhi
Apr 13, 2026
Prospect Resources has reported further gold assay results from the Nyungu Central deposit at its Mumbezhi Copper Project in Zambia, confirming significant and more widespread gold mineralisation associated with existing copper zones, including in...
Prospect Resources Reports Lapse of 375,000 Performance Rights
Apr 10, 2026
Prospect Resources Ltd. has notified the market of the cessation of 375,000 PSCAH performance rights following their lapse. The conditional rights to securities expired on 16 March 2026 after the specified conditions were not met or became incapab...
Prospect Resources Defines Shallow Copper Trend at West Mwombezhi in Zambia
Apr 1, 2026
Prospect Resources has reported final assay results from its Phase 2 diamond drilling at the West Mwombezhi prospect within the Mumbezhi Copper Project in Zambia, confirming continuous near-surface copper sulphide mineralisation over more than one...
Prospect Resources Lifts Mumbezhi Stake to 90% and Gears Up for Major Drilling Push
Mar 25, 2026
Prospect Resources has increased its ownership in the Mumbezhi Copper Project in north-western Zambia to 90%, after completing the acquisition of an additional 5% stake from GDC Consulting Zambia for US$4.25 million in cash. The move consolidates ...
Prospect Resources Sets April EGM and Pushes Digital Communications
Mar 25, 2026
Prospect Resources has called an Extraordinary General Meeting to be held on 28 April 2026 in Perth, advising shareholders that meeting materials and proxy forms have been dispatched according to each investor’s chosen communication preferen...
Prospect Resources expands share capital and updates securities register
Mar 16, 2026
Prospect Resources has issued 1.5 million new shares from option exercises, 375,000 shares from performance rights and 287,362 shares in lieu of consultant fees, expanding its fully paid ordinary share count to 814,021,580. The company confirmed t...
Prospect Resources Seeks ASX Quotation for 1.88 Million New Shares
Mar 16, 2026
Prospect Resources Ltd. has applied for quotation on the ASX of 1,875,000 new fully paid ordinary shares under code PSC. The securities are being quoted following the exercise or conversion of existing options or other convertible instruments, mod...
Prospect Resources Issues Shares to Consultant in Lieu of Fees
Mar 16, 2026
Prospect Resources Limited has applied for quotation on the ASX of 287,362 ordinary fully paid shares, issued on 16 March 2026. The new shares were issued to a consultant in lieu of cash fees, slightly diluting existing equity while preserving the...
Prospect Resources Files Interim Half-Year 2025 Corporate Report
Mar 11, 2026
Prospect Resources Limited has released its interim financial report for the half-year ended 31 December 2025, providing shareholders with an update on its corporate status and statutory disclosures. The document mainly outlines the company’...
Prospect Resources Lifts Mumbezhi Copper Stake to 90% Ahead of Major Drilling Push
Mar 4, 2026
Prospect Resources will increase its stake in the Mumbezhi Copper Project in north-western Zambia to 90% by acquiring an additional 5% interest from Global Development Cooperation Consulting Zambia for US$4.25 million in cash, subject to regulator...
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.