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Nickelx Ltd (SMX) AI Stock Analysis
Nickelx Ltd
(ASX:SMX)
The score is driven primarily by weak fundamentals—pre-revenue operations, widening losses, and sustained cash burn—partly offset by low leverage on the balance sheet. Technicals further pressure the score given the clear downtrend (price below key moving averages) and negative MACD, while valuation provides little support due to negative earnings and no dividend yield data.
Nickelx Ltd (SMX) vs. iShares MSCI Australia ETF (EWA)
- Market Cap
- AUD 5.14M
- Dividend Yield
- ―
- Average Volume (3M)
- 268.29K
- Price to Earnings (P/E)
- -0.0
- Beta (1Y)
- -0.48
- Revenue Growth
- ―
- EPS Growth
- 48.84%
- Country
- Australia
- Employees
- 4
- Sector
- General
- Sector Strength
- 55
- Industry
- Other Precious Metals
Nickelx Ltd Business Overview & Revenue Model
Company Description
Strata Minerals Ltd. is an exploration firm established in Perth, Australia, on February 7, 2019, by Oliver Pierre Kreuzer. The company's operations encompass identifying, evaluating, and developing various mineral deposits. Its core focus is on valu...
Nickelx Ltd Financial Statement Overview
Summary
Financial performance is weak overall: the company is pre-revenue (revenue is 0 across recent annual periods), with persistent and rising operating losses (EBIT worsening from ~-1.93M in 2024 to ~-2.86M in 2026). Cash flow is also consistently negative, with operating cash flow and free cash flow deteriorating in 2026, indicating ongoing cash burn and reliance on external funding. The balance sheet is a partial offset due to near-zero debt and positive equity, but continued losses erode this cushion over time.
Income Statement
12Very NegativeBalance Sheet
58NeutralCash Flow
18Very Negative| Breakdown | TTM | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | 0 | 0 | 0 | -12.38K | -37.13K | -35.33K |
| EBITDA | -2.86M | -2.86M | -3.30M | -2.10M | -2.74M | -3.01M |
| Net Income | -2.78M | -2.77M | -3.30M | -2.11M | -2.78M | -3.05M |
Balance Sheet | ||||||
| Total Assets | 3.32M | 3.32M | 2.97M | 2.83M | 5.34M | 4.72M |
| Cash, Cash Equivalents and Short-Term Investments | 1.72M | 1.72M | 2.03M | 840.93K | 3.06M | 2.85M |
| Total Debt | 0 | 0 | 0 | 0 | 12.68K | 50.42K |
| Total Liabilities | 238.99K | 238.99K | 100.96K | 317.24K | 703.57K | 317.40K |
| Stockholders Equity | 3.08M | 3.08M | 2.87M | 2.51M | 4.64M | 4.40M |
Cash Flow | ||||||
| Free Cash Flow | -4.00M | -2.89M | -2.13M | -2.19M | -1.94M | -3.10M |
| Operating Cash Flow | -3.83M | -2.55M | -2.13M | -1.89M | -1.79M | -3.10M |
| Investing Cash Flow | -507.18K | -338.12K | -64.18K | -296.70K | -150.00K | -1,500 |
| Financing Cash Flow | 3.88M | 2.59M | 3.38M | -29.77K | 2.14M | -19.24K |
Nickelx Ltd Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:SMX, the sentiment is Positive. The current price of 0.02 is below the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and below the 200-day MA of 0.02, indicating a neutral trend. The MACD of 0.00 indicates Negative momentum. The RSI at 53.27 is Neutral, neither overbought nor oversold. The STOCH value of 233.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:SMX.
Nickelx Ltd Peers Comparison
Overall Rating
AU:ALV53Neutral
AU:AS244Neutral- AU:SMX40Underperform
AU:KFM40Underperform
AU:RCR40Underperform
AU:TSK39Underperform
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:ALV | 53Neutral | AUD 22.65M | -4.38 | -238.43% | ― | 390.93% | 50.65% |
| AU:AS2 | 44Neutral | AUD 3.48M | -0.58 | -45.74% | ― | ― | 83.09% |
| AU:SMX | 40Underperform | AUD 6.54M | -0.01 | -97.22% | ― | ― | 48.84% |
| AU:KFM | 40Underperform | AUD 7.92M | -6.22 | -24.77% | ― | ― | 64.98% |
| AU:RCR | 40Underperform | AUD 5.74M | -0.58 | -61.42% | ― | ― | -339.53% |
| AU:TSK | 39Underperform | AUD 5.59M | -1.05 | -32.59% | ― | ― | 62.46% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| AU:SMX | Nickelx Ltd | 0.02 | -0.01 | -23.81% | |
| AU:AS2 | Askari Metals Limited | 0.01 | -0.01 | -50.00% | |
| AU:ALV | Alvo Minerals Limited | 0.07 | 0.04 | 139.29% | |
| AU:KFM | Kingfisher Mining Ltd. | 0.07 | -0.01 | -13.75% | |
| AU:RCR | Rincon Resources Ltd. | 0.01 | -0.00 | -26.67% | |
| AU:TSK | DY6 Metals Ltd. | 0.05 | -0.08 | -61.54% |
Nickelx Ltd Corporate Events
Strata Minerals Uncovers New Gold Targets at Zelica Through High-Resolution Magnetics
Strata Minerals has completed a high-resolution airborne magnetic survey over the entire 27.8km² Zelica Gold Project in Western Australia, providing detailed first-pass coverage at 50m line spacing. The new dataset has significantly refined the...
Strata Minerals advances Zelica pre-development and unveils maiden gold resource
Strata Minerals advanced pre-development and exploration activities at its Zelica Gold Project during the September 2026 quarter, progressing metallurgical, environmental and geological programs alongside partner BML Ventures. The company completed s...
Strata Minerals Highlights Zelica Gold Resource and Capital-Light Path to Production
Strata Minerals Limited, an ASX-listed Australian explorer, is building a portfolio of gold projects in Western Australia, led by the Zelica, Penny South and Biranup Gold Projects. Through a tribute mining partnership at Zelica, the company is pursui...
Strata Minerals Announces Maiden 42,000oz Resource at Zelica Gold Project
Strata Minerals Limited has reported a maiden JORC 2012-compliant Mineral Resource Estimate at its 100%-owned Zelica Gold Project in Western Australia, outlining 814,000 tonnes at 1.61 grams per tonne gold for 42,000 ounces at a 0.5 grams per tonne c...
Strata Minerals Sets November Date for In-Person 2026 AGM
Strata Minerals Limited has scheduled its 2026 Annual General Meeting to be held in person in Perth on 25 November, with the full notice of meeting and explanatory materials made available online through its website and the ASX platform. In line with...
Strata Minerals to Release 1.21m Shares From Voluntary Escrow
Strata Minerals Limited has announced that 1,214,694 fully paid ordinary shares will be released from voluntary escrow on 9 October 2026, six months after their allotment. The release will not alter the company’s issued capital, but it modestly...
Strata Minerals completes equity placement and advances Zelica Gold Project
Strata Minerals has raised about $150,000 through the placement of 8,571,429 new shares at $0.0175 each as part of its agreement with BML Ventures, while also issuing 15 million unquoted lead manager options exercisable at $0.03. Although the final s...
Strata Minerals Issues 15 Million Unquoted Options in Capital Structure Move
Strata Minerals Limited has notified the market of a new issue of unquoted equity securities in the form of options. The company will issue 15,000,000 options, each exercisable at $0.03 and expiring on October 2, 2029, as part of a previously announc...
Strata Minerals Seeks ASX Quotation for 8.6 Million New Shares
Strata Minerals Limited has applied for quotation on the ASX of 8,571,429 ordinary fully paid shares, designated under the code SMX. The new securities, issued on 2 October 2026, expand the company’s tradable share base, potentially enhancing l...
Strata Minerals Sets November Date for 2026 AGM and Board Elections
Strata Minerals Limited has given advance notice that its 2026 Annual General Meeting is expected to be held on 25 November 2026 at 1:00 p.m. AWST in Perth, with full meeting details and resolutions to be published in a formal notice and explanatory...
Strata Minerals Files 2026 ASX Governance Statement and Appendix 4G
Strata Minerals Limited has lodged its Appendix 4G with the ASX for the financial year ended 30 June 2026, confirming compliance with key corporate governance disclosure obligations. The filing notes that the company’s corporate governance stat...
Strata Minerals Publishes 2026 Annual Report and Audited Financials
Strata Minerals Ltd has released its annual report for the year ended 30 June 2026, detailing the chairman’s letter, directors’ report and audited consolidated financial statements. The report provides shareholders with a comprehensive vi...
Strata Minerals to Lift Voluntary Escrow on 1.7 Million Shares
Strata Minerals Limited has announced that 1,743,119 fully paid ordinary shares will be released from voluntary escrow on 26 August 2026, six months after the original share allotments. The release will not alter the company’s total issued capi...
Strata Minerals Steps Up Pre-Development Work at Zelica Gold Project
Strata Minerals is accelerating pre-development activity at its Zelica Gold Project in Western Australia, leveraging its partnership with BML Ventures to fund and execute multiple technical workstreams. The company is focused on systematic de-risking...
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 01, 2026