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QEM Limited
(Sydney:QEM)
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Rating:45Neutral
Price Target:
AU$0.02
▼(-25.00% Downside)
Action:Reiterated
Date:07/01/26
The score is primarily held back by persistent operating losses and recurring negative free cash flow, indicating an unproven earnings model and ongoing funding dependence. A relatively low-debt balance sheet provides some financial flexibility, but technical and valuation inputs are largely inconclusive due to missing indicators and a non-meaningful negative P/E.
Positive Factors
Low leverage / balance-sheet flexibility
Consistently low reported leverage reduces near-term solvency risk and preserves financial optionality for a junior explorer. This durability allows the company to fund exploration cycles, negotiate partner JV terms, or raise capital on less stressed terms when needed, supporting project advancement.
Negative Factors
Persistent operating losses
Sustained operating losses show the business has not yet demonstrated a scalable earnings model. Over time continued losses erode equity, limit reinvestment capacity, and increase reliance on external capital, which can dilute shareholders and delay project development timelines.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / balance-sheet flexibility
Consistently low reported leverage reduces near-term solvency risk and preserves financial optionality for a junior explorer. This durability allows the company to fund exploration cycles, negotiate partner JV terms, or raise capital on less stressed terms when needed, supporting project advancement.
Read all positive factors
QEM Limited (QEM) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$6.16M
Dividend YieldN/A
Average Volume (3M)1.42M
Price to Earnings (P/E)―
Beta (1Y)3.31
Revenue GrowthN/A
EPS Growth-110.94%
CountryAU
EmployeesN/A
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)-0.01
Shares Outstanding362,350,340
10 Day Avg. Volume2,854,871
30 Day Avg. Volume1,424,328
Financial Highlights & Ratios
PEG Ratio-0.07
Price to Book (P/B)2.44
Price to Sales (P/S)26.21
P/FCF Ratio-2.36
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
QEM Limited Business Overview & Revenue Model
Company Description
Operating in Australia, QEM Limited specializes in the exploration and development of vanadium and oil shale resources. Its principal undertaking is the Julia Creek oil shale and vanadium project, an extensive site encompassing 249.6 square kilome...
How the Company Makes Money
null...
QEM Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | -9.54K | 263.17K | 0.00 | 453.40K | 256.77K | 339.33K |
| Gross Profit | -201.79K | 263.17K | -237.99K | 211.49K | 174.77K | 272.51K |
| EBITDA | -2.77M | -2.93M | -4.28M | -4.76M | -2.75M | -1.32M |
| Net Income | -2.96M | -3.23M | -2.04M | -4.56M | -2.83M | -1.39M |
Balance Sheet | ||||||
| Total Assets | 1.53M | 3.40M | 2.32M | 3.39M | 2.64M | 1.42M |
| Cash, Cash Equivalents and Short-Term Investments | 1.08M | 2.84M | 1.65M | 1.97M | 1.43M | 1.33M |
| Total Debt | 0.00 | 37.17K | 36.48K | 140.68K | 235.33K | 24.17K |
| Total Liabilities | 165.20K | 566.92K | 751.70K | 639.91K | 818.02K | 280.30K |
| Stockholders Equity | 1.36M | 2.83M | 1.56M | 2.75M | 1.82M | 1.14M |
Cash Flow | ||||||
| Free Cash Flow | -2.72M | -2.92M | -4.00M | -4.13M | -3.35M | -1.24M |
| Operating Cash Flow | -2.71M | -2.91M | -3.96M | -3.52M | -2.67M | -1.24M |
| Investing Cash Flow | -1.77K | -13.48K | 2.96M | -608.68K | -684.50K | 0.00 |
| Financing Cash Flow | 1.59M | 4.11M | 673.01K | 4.65M | 3.45M | -69.03K |
QEM Limited Technical Analysis
Negative
0.02
Price Trends
0.02
Positive
0.03
Negative
0.03
Negative
Market Momentum
>-0.01
Negative
28.10
Positive
23.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:QEM, the sentiment is Negative. The current price of 0.02 is equal to the 20-day moving average (MA) of 0.02, above the 50-day MA of 0.02, and below the 200-day MA of 0.03, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 28.10 is Positive, neither overbought nor oversold. The STOCH value of 23.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:QEM.
QEM Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
49 Neutral | AU$8.21M | 10.91 | 3.55% | ― | -17.60% | ― | |
48 Neutral | AU$7.20M | -1.18 | -37.28% | ― | -100.00% | 9.93% | |
47 Neutral | AU$5.83M | -1.11 | -8.70% | ― | -92.63% | -8.33% | |
45 Neutral | AU$6.16M | -1.26 | -141.31% | ― | ― | -110.94% | |
40 Underperform | AU$6.75M | -0.56 | -67.59% | ― | 5.65% | 1.22% | |
37 Underperform | AU$8.17M | -1.59 | -481.65% | ― | ― | -18.92% |
* Energy Sector Average
AU:QEM
QEM Limited
0.02
-0.02
-54.05%
AU:PV1
Provaris Energy Ltd
0.01
>-0.01
-44.44%
AU:XST
Xstate Resources Limited
0.02
>-0.01
-25.00%
AU:SHE
Stonehorse Energy Ltd
0.01
<0.01
20.00%
AU:PGY
Pilot Energy Limited
0.05
-0.04
-44.33%
AU:HE8
Helios Energy Ltd
0.01
0.00
0.00%
QEM Limited Corporate Events
QEM director boosts shareholding via exercise of performance rights
Aug 4, 2026
QEM Limited has reported a change in the shareholding of director Timothy Wall, following the exercise of vested performance rights. The transaction, dated 4 August 2026, resulted in Wall acquiring 550,000 ordinary shares at nil consideration and ...
QEM Limited Seeks ASX Quotation for Additional 550,000 Shares
Aug 4, 2026
QEM Limited has applied for quotation of 550,000 ordinary fully paid shares on the Australian Securities Exchange, with an issue date of 4 August 2026. The new securities arise from the exercise or conversion of existing options or other convertib...
QEM Moves Into U.S. Critical Minerals With Idaho Acquisition
Aug 3, 2026
QEM Limited will proceed with the acquisition of Freshwater Metals, giving it ownership of the Big It and Vaught-Peck Columbite critical minerals projects in Idaho, U.S. The Big It project, a historically verified tungsten producer, and the Vaught...
QEM boosts cash, advances Julia Creek and U.S. critical minerals push
Jul 30, 2026
QEM Limited reported a solid quarter to 30 June 2026, raising $2.62m through a well-supported placement and ending the period with approximately $4.2m in cash. The additional funding strengthens its balance sheet as it advances the Julia Creek Van...
QEM Extends Due Diligence on Idaho Critical Minerals Acquisition
Jul 1, 2026
QEM Limited has extended the due diligence period for its planned acquisition of two Idaho critical minerals exploration projects, Big It and Vaught-Peck Columbite, pushing completion conditions to 31 July 2026 while it finalises legal, financial ...
QEM issues 10 million new shares under disclosure exemption
Jun 1, 2026
QEM Limited has issued 10 million new ordinary shares, notifying the market under section 708A(5)(e) of the Corporations Act that the placement was undertaken without a prospectus. The company also confirmed it is compliant with its financial repo...
QEM Seeks ASX Quotation for 10 Million New Ordinary Shares
Jun 1, 2026
QEM Limited has applied to the Australian Securities Exchange for quotation of 10,000,000 new ordinary fully paid shares, with an issue date of 1 June 2026. The move increases the company’s quoted capital base and may provide additional liqu...
QEM Extends Due Diligence on U.S. Critical Minerals Projects in Idaho
May 28, 2026
QEM Limited has extended the due diligence period for its planned acquisition of two critical minerals exploration projects in Idaho, the Big It and Vaught-Peck Columbite assets. The projects are prospective for multiple U.S.-designated critical m...
QEM Issues Over 23 Million New Shares Under Section 708A
May 12, 2026
QEM Limited has issued 23,222,224 new ordinary shares, notifying the market under section 708A(5)(e) of the Corporations Act. The company confirmed the shares were issued without a disclosure document, that it is compliant with key continuous disc...
QEM Seeks ASX Quotation for 23 Million New Shares
May 12, 2026
QEM Limited has applied to the ASX for quotation of 23,222,224 ordinary fully paid shares, formalising the issue of new equity under its ticker QEM. The application, lodged as an Appendix 2A, reflects securities previously flagged in an earlier no...
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.