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QEM Limited (QEM) AI Stock Analysis
QEM Limited
(ASX:QEM)
The overall score is driven primarily by very weak financial performance and heavy cash burn despite a low‑debt balance sheet, combined with a bearish price trend and high volatility and an unattractive valuation profile with negative earnings and no dividend, resulting in a speculative, high‑risk investment case.
QEM Limited (QEM) vs. iShares MSCI Australia ETF (EWA)
- Market Cap
- AUD 4.38M
- Dividend Yield
- ―
- Average Volume (3M)
- 2.05M
- Price to Earnings (P/E)
- -1.3
- Beta (1Y)
- 3.20
- Revenue Growth
- ―
- EPS Growth
- 48.31%
- Country
- Australia
- Employees
- 0
- Sector
- Energy
- Sector Strength
- 65
- Industry
- Oil & Gas Exploration & Production
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 kilometer...
QEM Limited Financial Statement Overview
Summary
Financial performance is very weak, with no stable revenue, persistent operating and net losses, and consistently negative operating and free cash flow, partly offset by a low‑debt balance sheet with rising assets and equity.
Income Statement
20Very NegativeBalance Sheet
60NeutralCash Flow
25Negative| Breakdown | TTM | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0 | 0 | 263.17K | 0 | 453.40K | 256.77K |
| Gross Profit | -153.37K | -153.37K | 263.17K | -237.99K | 211.49K | 174.77K |
| EBITDA | -2.25M | -2.25M | -2.86M | -4.28M | -4.76M | -2.75M |
| Net Income | -2.42M | -2.42M | -3.23M | -2.04M | -4.56M | -2.83M |
Balance Sheet | ||||||
| Total Assets | 4.57M | 4.57M | 3.40M | 2.32M | 3.39M | 2.64M |
| Cash, Cash Equivalents and Short-Term Investments | 4.26M | 4.26M | 2.84M | 1.65M | 1.97M | 1.43M |
| Total Debt | 0 | 0 | 37.17K | 36.48K | 140.68K | 235.33K |
| Total Liabilities | 289.13K | 289.13K | 566.92K | 751.70K | 639.91K | 818.02K |
| Stockholders Equity | 4.28M | 4.28M | 2.83M | 1.56M | 2.75M | 1.82M |
Cash Flow | ||||||
| Free Cash Flow | -2.33M | -2.33M | -2.92M | -4.00M | -4.13M | -3.35M |
| Operating Cash Flow | -2.32M | -2.32M | -2.91M | -3.96M | -3.52M | -2.67M |
| Investing Cash Flow | -3,023 | -3,023 | -13.48K | 2.96M | -608.68K | -684.50K |
| Financing Cash Flow | 3.75M | 3.75M | 4.11M | 673.01K | 4.65M | 3.45M |
QEM Limited Technical Analysis
Price Trends
Market Momentum
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 0.01 is above the 20-day moving average (MA) of 0.01, below the 50-day MA of 0.02, and below the 200-day MA of 0.03, indicating a bearish trend. The MACD of -0.00 indicates Negative momentum. The RSI at 39.53 is Neutral, neither overbought nor oversold. The STOCH value of -100.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:QEM.
QEM Limited Peers Comparison
Overall Rating
AU:SHE47Neutral
AU:HE845Neutral
AU:PGY43Neutral
AU:XST42Neutral
AU:QEM39Underperform
AU:PV137Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 65Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% |
| 47Neutral | AUD 9.58M | 6.09 | 9.31% | ― | 50.52% | ― | |
| 45Neutral | AUD 3.88M | -0.16 | -68.12% | ― | -92.63% | -8.33% | |
| 43Neutral | AUD 6.75M | -0.55 | -55.47% | ― | ― | ― | |
| 42Neutral | AUD 4.32M | -0.99 | -24.29% | ― | -100.00% | 75.20% | |
| 39Underperform | AUD 4.38M | -1.29 | -85.63% | ― | ― | 48.31% | |
| 37Underperform | AUD 5.70M | -0.91 | -481.65% | ― | ― | -18.92% |
* Energy Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| AU:QEM | QEM Limited | 0.01 | -0.01 | -29.41% | |
| AU:PV1 | Provaris Energy Ltd | 0.01 | -0.00 | -33.33% | |
| AU:XST | Xstate Resources Limited | 0.01 | -0.01 | -52.38% | |
| AU:SHE | Stonehorse Energy Ltd | 0.01 | 0.00 | 40.00% | |
| 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 Moves AGM Online-First, Urges Proxy Voting and Digital Engagement
QEM Limited has scheduled its Annual General Meeting for 25 November 2026 at a Brisbane venue, inviting shareholders to attend or participate via proxy voting. The company has opted against mailing hard copies of the meeting notice, instead providing...
QEM pivots from Julia Creek focus with Idaho acquisitions and diversified exploration push
QEM Limited used the September quarter to accelerate a strategic pivot from reliance on its Julia Creek vanadium and energy project toward a broader, more diversified minerals portfolio. Management emphasised that sheer resource scale at Julia Creek...
QEM launches staged exploration at historic Big It tungsten project in Idaho
QEM Limited has outlined a three-phase exploration programme for its historic Big It Tungsten Project in Idaho, a past producer of high-grade tungsten concentrates grading 67–75% WO₃ for former U.S. wartime supply. The project, located ne...
QEM Sets Date and Nomination Deadline for 2026 AGM
QEM Limited has scheduled its 2026 Annual General Meeting for 10:00am AEST on 25 November 2026 in Brisbane, in line with its constitution and ASX listing requirements. The meeting will provide shareholders an opportunity to engage with the board and...
QEM Files Updated Corporate Governance Statement and Appendix 4G
QEM Limited has lodged its updated corporate governance statement for the year ended 30 June 2026, confirming that the document is current as of 28 September 2026 and approved by the board. The company has provided the governance statement via its we...
QEM Outlines Streamlined Governance Framework in 2026 Corporate Governance Statement
QEM Limited has released its corporate governance statement for the year ending 30 June 2026, outlining how it applies the ASX Corporate Governance Council’s fourth-edition principles and recommendations. The board confirms that it has adopted...
QEM boosts director equity with new share-based remuneration
QEM Limited has disclosed a change in director Robert Cooper’s holdings, noting that he has been issued additional ordinary shares as part of his remuneration package. The issuance follows shareholder approval and is structured as equity-based...
QEM Issues 2.3 Million New Shares Under Section 708A Exemption
QEM Limited has issued 2,297,500 new ordinary shares, as disclosed in a notice to the ASX under section 708A(5)(e) of the Corporations Act 2001. The shares were issued without a prospectus under the Act’s disclosure exemptions, indicating the c...
QEM Issues 34.6 Million Unquoted Options to Adjust Capital Structure
QEM Limited has notified the market of the issuance of 34,599,999 unquoted options, each exercisable at $0.08 and expiring on 23 September 2029. The options, which form part of a previously announced transaction, will not be quoted on the ASX and are...
QEM Seeks ASX Quotation for Director Remuneration Shares
QEM Limited has applied to the ASX for quotation of 1,000,000 new ordinary fully paid shares, to be issued on 23 September 2026. The shares are being issued to a company director as part of his remuneration package, following prior approval from shar...
QEM Seeks ASX Quotation for 1.3 Million New Shares
QEM Limited has applied to the Australian Securities Exchange for quotation of 1,297,500 new ordinary fully paid shares, with an issue date of 23 September 2026. The application, lodged as a new announcement under Appendix 2A of the ASX Listing Rules...
QEM Shareholders Approve Capital Resolutions at General Meeting
QEM Limited shareholders have backed a slate of capital-related resolutions at the company’s 23 September general meeting, with all items passed by poll. Investors ratified prior placements of shares and consideration stock and approved new iss...
QEM Clarifies Historical Data and Reaffirms Critical Minerals Expansion Plans
QEM Limited has outlined historical information and exploration context for its Big It Tungsten and Garden Valley Rare Metals Projects, drawing primarily on legacy U.S. and Idaho geological and mining records. The company emphasizes that these histor...
QEM Limited Performance Rights Lapse Clarifies Capital Structure
QEM Limited has announced the cessation of 300,000 QEMAG performance rights after they expired unexercised on 26 August 2026. The lapse of these rights slightly reduces the company’s potential future share dilution and clarifies its capital str...
QEM flags expansion potential at historic Big It tungsten project in Idaho
QEM Limited has completed a detailed review of historical geological, mining and exploration data for its newly acquired Big It Tungsten Project in northern Idaho, confirming that the site is a past producer of high‑grade tungsten concentrates...
QEM Limited Calls September General Meeting, Streamlines Shareholder Access
QEM Limited has convened a General Meeting of shareholders to be held in Brisbane on 23 September 2026 at 11:00am AEST, with the business of the meeting expected to affect shareholders’ interests and voting rights. The company has set 7:00pm AE...
QEM Limited Options Set to Expire Out of the Money
QEM Limited has announced that 20,769,014 quoted options with an exercise price of $0.14, issued in 2024 as part of an entitlement offer, are scheduled to expire on 30 September 2026. The company notes these options are currently well out of the mone...
QEM Issues 5 Million Unquoted Options Under Employee Incentive Scheme
QEM Limited has issued 5,000,000 unquoted options under an employee incentive scheme, each exercisable at $0.045 and expiring on 21 August 2029. The options, which will not be quoted on the ASX, are designed to support staff retention and alignment w...
QEM Director Daniel Harris Exercises Performance Rights, Boosting Shareholding
QEM Limited has disclosed a change in director Daniel Harris’s interests, following the exercise of vested performance rights. Harris converted 300,000 performance rights into ordinary shares at no cash consideration, reflecting an adjustment w...
QEM Limited Seeks ASX Quotation for 300,000 New Shares
QEM Limited has lodged an application with the ASX for the quotation of additional ordinary fully paid shares. The filing confirms that 300,000 new QEM shares will be quoted, effective 20 August 2026, under the company’s existing issuer code.Th...
QEM Issues New Shares Under Section 708A, Confirms Regulatory Compliance
QEM Limited has issued 7,333,334 new ordinary shares, notifying the market under section 708A(5)(e) of the Corporations Act that the securities were issued without a disclosure document. The company confirmed its ongoing compliance with key financial...
QEM Limited Seeks ASX Quotation for 7.3 Million New Shares
QEM Limited has lodged a new application with the ASX for quotation of additional ordinary fully paid shares, signaling an expansion of its listed equity capital. The filing, made under the ASX Appendix 2A framework, confirms the company’s inte...
QEM completes strategic acquisition of U.S. tungsten and niobium projects
QEM Limited has completed the acquisition of Freshwater Metals Pty Ltd, securing ownership of the Big It and Columbite critical minerals exploration projects in Idaho, U.S. The Big It Tungsten Project is a historically verified past tungsten producer...
QEM director Robert Cooper lifts shareholding through on‑market trades
QEM Limited has disclosed a change in director Robert Cooper’s interests in the company’s securities, in line with ASX listing rule 3.19A.2. The notice details updates to his holdings and confirms compliance with relevant corporate govern...
QEM director boosts shareholding via exercise of performance rights
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 adj...
QEM Limited Seeks ASX Quotation for Additional 550,000 Shares
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 convertible...
QEM Moves Into U.S. Critical Minerals With Idaho Acquisition
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-Pe...
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 02, 2026