Surefire Resources NL AI Stock Analysis
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Surefire Resources NL (SRN) AI Stock Analysis
Surefire Resources NL
(ASX:SRN)
The score is primarily held down by weak financial performance—zero revenue in 2026, persistent losses, and ongoing cash burn—despite a relatively low-debt balance sheet. Technical indicators are mixed but lean weak, and valuation remains unattractive due to negative earnings and no dividend data.
Surefire Resources NL (SRN) vs. iShares MSCI Australia ETF (EWA)
- Market Cap
- AUD 3.39M
- Dividend Yield
- ―
- Average Volume (3M)
- 254.12K
- Price to Earnings (P/E)
- -1.3
- Beta (1Y)
- 0.05
- Revenue Growth
- ―
- EPS Growth
- -37.80%
- Country
- Australia
- Employees
- 2
- Sector
- Basic Materials
- Sector Strength
- 61
- Industry
- Industrial Materials
Surefire Resources NL Business Overview & Revenue Model
Company Description
Based in South Perth, Australia, Surefire Resources NL, established in 1998, focuses on the exploration and evaluation of mineral tenements across Western Australia. The company actively seeks deposits containing a variety of resources, including gol...
Surefire Resources NL Financial Statement Overview
Summary
Financials are weak overall: the income statement shows persistent losses with revenue falling to zero in 2026, and cash flow remains negative with ongoing operating cash burn and negative free cash flow. The main offset is a comparatively stronger balance sheet with very low leverage, but continued losses and cash outflows increase funding risk.
Income Statement
18Very NegativeBalance Sheet
62PositiveCash Flow
24Negative| Breakdown | TTM | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0 | 0 | 439.32K | 653.47K | 147.24K | 694 |
| Gross Profit | 0 | -8,182 | 439.32K | 653.47K | -36.52K | -34.40K |
| EBITDA | -2.13M | -2.17M | -2.49M | -3.06M | -3.54M | -2.43M |
| Net Income | -2.07M | -2.07M | -694.29K | -3.07M | -3.58M | -2.46M |
Balance Sheet | ||||||
| Total Assets | 13.67M | 13.67M | 13.17M | 14.48M | 5.54M | 5.26M |
| Cash, Cash Equivalents and Short-Term Investments | 696.30K | 696.30K | 312.83K | 1.49M | 1.49M | 5.07M |
| Total Debt | 190.50K | 190.50K | 43.72K | 115.76K | 184.30K | 43.39K |
| Total Liabilities | 6.97M | 6.97M | 10.04M | 12.33M | 4.01M | 574.70K |
| Stockholders Equity | 6.70M | 6.70M | 3.14M | 2.15M | 1.53M | 4.69M |
Cash Flow | ||||||
| Free Cash Flow | -1.44M | -1.30M | -2.20M | -3.12M | -3.55M | -2.34M |
| Operating Cash Flow | -1.30M | -1.30M | -1.39M | -1.68M | -1.56M | -1.07M |
| Investing Cash Flow | -597.43K | -597.43K | -809.68K | -1.52M | -2.45M | -1.30M |
| Financing Cash Flow | 2.28M | 2.28M | 1.03M | 3.19M | 420.73K | 4.09M |
Surefire Resources NL Peers Comparison
Overall Rating
AU:DTM45Neutral
AU:SBR45Neutral
AU:SRN45Neutral
AU:PBL43Neutral
AU:SLZ43Neutral
AU:PR238Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 61Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
| 45Neutral | AUD 3.34M | -0.55 | -24.07% | ― | ― | 93.84% | |
| 45Neutral | AUD 4.57M | -1.39 | -13.01% | ― | ― | -158.82% | |
| 45Neutral | AUD 3.39M | -1.31 | -37.96% | ― | ― | -37.80% | |
| 43Neutral | AUD 3.12M | -7.25 | -18.57% | ― | ― | 71.13% | |
| 43Neutral | AUD 5.85M | -2.42 | -26.87% | ― | ― | 86.13% | |
| 38Underperform | AUD 7.62M | -0.59 | -184.07% | ― | ― | 9.34% |
* Basic Materials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| AU:SRN | Surefire Resources NL | 0.01 | -0.01 | -44.44% | |
| AU:DTM | Dart Mining NL | 0.01 | -0.03 | -74.36% | |
| AU:PBL | Parabellum Resources Ltd. | 0.05 | -0.03 | -36.71% | |
| AU:SLZ | Sultan Resources Ltd. | 0.01 | 0.00 | 10.00% | |
| AU:SBR | Sabre Resources Ltd | 0.01 | 0.00 | 0.00% | |
| AU:PR2 | Piche Resources Limited | 0.02 | -0.10 | -81.82% |
Surefire Resources NL Corporate Events
Surefire Resources Director Takes Up 32 Million Options
Surefire Resources director Vladimir Nikolaenko acquired 32,036,009 options through a non-renounceable rights issue for $32,036, increasing his indirect exposure to the company’s equity. Following the transaction, his associated entities held 64,072,...
Surefire Resources Reports Rights Issue Allotments
Surefire Resources NL reported that shareholders applied for 44,245,660 new options under its non-renounceable rights issue. The options are exercisable at $0.05 each through 30 June 2029, while eligible shareholders also received 4,472,953 additiona...
Surefire Resources Tightens Capital Management as Yidby Gold Exploration Advances
Surefire Resources NL, a Western Australian gold exploration company, continues to advance its 100% owned Yidby Gold Project in the state’s mid-west, using detailed geophysical and geochemical analysis to prioritise drilling and refine regional prosp...
ASX Suspends Surefire Resources’ SRNO Class Pending Compliance Review
The Australian Securities Exchange has suspended quotation of Surefire Resources NL’s SRNO security class, acting under Listing Rule 17.3.4 while the company works to meet the requirements of Listing Rule 2.5. The suspension is limited to SRNO and do...
Surefire Resources Completes First Tranche of Share Placement
Surefire Resources NL has completed the first tranche of a share placement, issuing 45,000,000 fully paid ordinary shares under its existing ASX Listing Rule placement capacity without requiring prior shareholder approval. A second tranche of up to 1...
Surefire Limits A$90,500 Entitlement Offer to Australia and New Zealand Holders
Surefire Resources NL has launched a pro-rata non-renounceable entitlement offer of one new option for every two shares held by eligible shareholders, priced at A$0.001 per option to raise up to A$90,500. The offer applies only to shareholders on the...
Surefire Resources Launches Non-Renounceable Entitlement Option Offer
Surefire Resources NL has initiated a non-renounceable pro-rata entitlement offer, providing eligible shareholders with one new option for every two shares held as at the 15 October 2026 record date. The offer is open to shareholders with registered...
Surefire Resources Calls 2026 Annual General Meeting
Surefire Resources NL has released a formal notice convening its Annual General Meeting for shareholders. The meeting is scheduled to take place on Wednesday 18 November 2026 at 10:00am in West Perth, Western Australia.The announcement is purely proc...
Surefire Resources Seeks Quotation for 45 Million New Shares on ASX
Surefire Resources NL has applied for quotation of 45,000,000 ordinary fully paid shares on the Australian Securities Exchange, with an issue date of 16 October 2026. The new securities, lodged under an Appendix 2A application, expand the company’s l...
Surefire Resources Plans Large Pro Rata Options Issue to Bolster Capital Base
Surefire Resources NL is an ASX-listed mining and exploration company that leverages equity market transactions to support the development of its resource projects. Its activities are geared towards building a stronger asset portfolio by issuing secu...
Surefire Resources launches highly speculative options offer to existing shareholders
Surefire Resources NL has released a transaction-specific prospectus dated 9 October 2026 for an offer of new options to its existing shareholders and certain invited recipients. The document has been lodged with ASIC, and the company notes that the...
Surefire Resources Clarifies Capital Structure with Conversion and Forfeiture of Partly Paid Shares
Surefire Resources NL has converted 7,550 unquoted partly paid shares into ordinary fully paid shares following a first and final call of $0.675 per security, while the remaining unpaid shares in that class have been forfeited. The company has confir...
Surefire Resources Director Forfeits Partly Paid Shares After Unpaid Call
Surefire Resources NL has disclosed a change in the interests of director Vladimir Nikolaenko, who holds his stake indirectly through several private entities. The filing details adjustments to his mix of fully paid shares, options and partly paid sh...
Surefire Resources Tightens Capital Structure as Partly Paid Shares Lapse
Surefire Resources NL has announced the cessation of 7,543,879 ordinary partly paid shares, identified under ASX code SRNAK, following the lapse of conditional rights attached to these securities. The conditions for these rights were not met or becam...
Surefire Plans Issue of 31 Million Options to Bolster Capital Flexibility
Surefire Resources NL has lodged an Appendix 3B outlining a proposed issue of up to 31 million options to acquire fully paid ordinary shares. The securities are to be issued via a placement or similar structure, with the proposed issue date set for 1...
Surefire Resources Plans Major Share and Option Issue
Surefire Resources NL has lodged an Appendix 3B with the ASX outlining a proposed capital raising through the issue of new securities. The company plans to issue up to 100 million ordinary fully paid shares and 100 million options to acquire fully pa...
Surefire Resources Plans Issue of 45 Million New Share Options
Surefire Resources NL has lodged a notice of a proposed securities issue with the ASX, outlining plans to issue up to 45 million options to acquire fully paid ordinary shares. The options, forming a new class of securities, are scheduled for issue on...
Surefire Resources Plans Placement of 45 Million New Shares
Surefire Resources NL has notified the ASX of a proposed capital raising via an issue of up to 45 million ordinary fully paid shares. The new securities, to be issued as part of a placement or other form of issue, are scheduled for issuance on 16 Oct...
Surefire Resources launches A$2.7m equity raising to advance WA gold projects
Surefire Resources NL has launched a capital raising of up to A$2.61 million via a share placement to sophisticated and professional investors, issuing up to 145 million new shares at A$0.018 each with one free attaching option exercisable at A$0.05...
Surefire Resources Requests Trading Halt Ahead of Capital Raising Plan
Surefire Resources NL has requested and been granted a trading halt in its securities on the ASX, effective immediately, to facilitate an orderly market. The halt will remain in place until the earlier of the start of trading on 5 October 2026 or the...
Surefire Resources Updates ASX Corporate Governance Disclosures
Surefire Resources NL has lodged its updated corporate governance statement for the year ended 30 June 2026, confirming compliance with key ASX Corporate Governance Council recommendations. The statement, approved by the board and made available on t...
Surefire Resources Releases 2026 Annual Report
Surefire Resources NL has released its annual report for the year ended 30 June 2026, detailing its corporate directory, chairman’s letter and review of operations, and directors’ report. The document also presents comprehensive consolidated financia...
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 06, 2026
