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Tasman Resources
(Sydney:TAS)
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Rating:42Neutral
Price Target:
AU$0.03
▼(-16.67% Downside)
Action:Reiterated
Date:10/02/26
The score is held down primarily by weak financial performance (volatile revenue, persistently negative operating profitability, and sustained cash burn with poor cash conversion) and a bearish technical trend (price below all key moving averages with negative momentum). The only partial positives are reduced balance-sheet leverage (debt at zero) and an optically low P/E, though valuation support is tempered by concerns about earnings quality.
Positive Factors
Debt elimination
Eliminating debt materially reduces financial risk and removes the burden of scheduled interest or refinancing obligations. This gives Tasman greater balance-sheet flexibility to preserve resources, withstand operating volatility, and allocate capital without relying on lenders over the next several quarters.
Negative Factors
Severe revenue contraction
An approximately 85% revenue contraction signals a severe deterioration in operating momentum and makes the business less able to cover fixed costs or fund development internally. Unless revenue stabilizes, the shrinking top line will continue to constrain scale, earnings quality, and financial resilience.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt elimination
Eliminating debt materially reduces financial risk and removes the burden of scheduled interest or refinancing obligations. This gives Tasman greater balance-sheet flexibility to preserve resources, withstand operating volatility, and allocate capital without relying on lenders over the next several quarters.
Read all positive factors
Tasman Resources (TAS) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$14.96M
Dividend YieldN/A
Average Volume (3M)740.99K
Price to Earnings (P/E)0.5
Beta (1Y)1.44
Revenue Growth-92.26%
EPS GrowthN/A
CountryAU
Employees2
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)0.05
Shares Outstanding553,990,970
10 Day Avg. Volume484,822
30 Day Avg. Volume740,985
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)1.66
Price to Sales (P/S)101.64
P/FCF Ratio-16.93
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
Tasman Resources Business Overview & Revenue Model
Company Description
Tasman Resources Ltd, an Australian entity, specializes in the discovery and assessment of mineral deposits across the country. The company actively seeks a variety of valuable resources, including precious and base metals like gold, copper, cobal...
Tasman Resources Financial Statement Overview
Summary
Income Statement
27
Negative
Balance Sheet
55
Neutral
Cash Flow
22
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 188.43K | 2.45M | 2.02M | 4.70M | 4.15M |
| Gross Profit | -1.42M | 1.69M | 1.39M | -2.47M | -3.64M |
| EBITDA | -2.32M | -4.22M | -15.56M | -15.75M | -5.11M |
| Net Income | 17.51M | -3.02M | -13.13M | -5.72M | -2.60M |
Balance Sheet | |||||
| Total Assets | 11.73M | 22.09M | 23.50M | 32.42M | 43.45M |
| Cash, Cash Equivalents and Short-Term Investments | 5.65M | 761.43K | 987.69K | 2.74M | 2.30M |
| Total Debt | 0.00 | 17.03M | 14.03M | 10.32M | 4.91M |
| Total Liabilities | 168.62K | 19.89M | 16.98M | 12.65M | 6.37M |
| Stockholders Equity | 11.56M | 3.49M | 3.77M | 16.38M | 23.64M |
Cash Flow | |||||
| Free Cash Flow | -1.13M | -3.92M | -6.20M | -5.55M | -8.12M |
| Operating Cash Flow | -1.13M | -3.92M | -5.46M | -4.60M | -6.61M |
| Investing Cash Flow | -1.00M | -172.77K | -733.88K | -1.11M | -1.73M |
| Financing Cash Flow | 7.05M | 3.87M | 4.45M | 6.15M | 4.50M |
Tasman Resources Technical Analysis
Negative
0.03
Price Trends
0.03
Negative
0.04
Negative
0.04
Negative
Market Momentum
>-0.01
Positive
36.64
Neutral
12.38
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:TAS, the sentiment is Negative. The current price of 0.03 is below the 20-day moving average (MA) of 0.03, below the 50-day MA of 0.03, and below the 200-day MA of 0.04, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 36.64 is Neutral, neither overbought nor oversold. The STOCH value of 12.38 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:TAS.
Tasman Resources 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% | |
50 Neutral | AU$16.75M | -8.87 | -16.50% | ― | ― | 93.40% | |
46 Neutral | AU$16.81M | -1.29 | -37.03% | ― | ― | -48.85% | |
46 Neutral | AU$25.77M | -17.50 | -539.93% | ― | -100.00% | 36.84% | |
46 Neutral | AU$18.52M | -48.00 | -1.58% | ― | ― | 84.18% | |
45 Neutral | AU$14.07M | -8.47 | -8.30% | ― | ― | -40.00% | |
42 Neutral | AU$14.96M | 0.51 | 173.85% | ― | -92.26% | ― |
* Basic Materials Sector Average
AU:TAS
Tasman Resources
0.03
0.01
68.75%
AU:TSL
Titanium Sands
0.01
0.00
0.00%
AU:XRA
Todd River Resources Ltd.
0.28
0.07
30.95%
AU:VMS
Astro Resources NL
0.10
-0.09
-47.37%
AU:SUH
Southern Hemisphere Mining Limited
0.04
-0.02
-32.69%
AU:LPM
Lithium Plus Minerals Ltd.
0.12
-0.01
-7.69%
Tasman Resources Corporate Events
Tasman Resources Updates ASX Corporate Governance Disclosures
Sep 30, 2026
Tasman Resources has lodged its updated corporate governance statement for the financial year ended 30 June 2026, confirming that the document is current as of 30 September 2026 and hosted on its website. The filing includes a completed Appendix 4...
Tasman Resources Releases 2026 Annual Report Detailing South Australian Exploration
Sep 30, 2026
Tasman Resources Ltd has released its annual report for the year ended 30 June 2026, detailing its consolidated financial statements and operational review. The report outlines the performance of its South Australian exploration projects and provi...
Tasman Resources Director Increases Stake Through Share Placement
Aug 5, 2026
Tasman Resources has disclosed a change in director Louis Varrasso’s interests, confirming his participation in a recent share placement approved by shareholders on 23 July 2026. Varrasso acquired 609,756 fully paid ordinary shares for $25,0...
Tasman Resources Grants Incentive Options to Director Adam Turnbull
Aug 5, 2026
Tasman Resources has updated the market on changes to director Adam Turnbull’s interests, following shareholder approval of a new incentive option package. The director’s holdings now include a substantial allocation of unlisted option...
Tasman Resources Completes Director Placement and Issues Cleansing Notice
Aug 5, 2026
Tasman Resources has completed the second tranche of a previously announced share placement, issuing 609,756 fully paid ordinary shares at $0.041 each to a company director, raising $25,000 before costs. The new shares, which required prior shareh...
Tasman Resources Issues 30 Million Unquoted Options Under Employee Incentive Scheme
Aug 5, 2026
Tasman Resources Ltd has notified the market of the issue of 30 million unquoted options under an employee incentive scheme, structured in three tranches with exercise prices of $0.08, $0.12 and $0.15, and expiries extending to August 2028 and Aug...
Tasman Resources Seeks ASX Quotation for Additional Shares
Aug 5, 2026
Tasman Resources Ltd has applied to the ASX for quotation of 609,756 ordinary fully paid shares, formalising the listing of these new securities. The shares, issued on August 5, 2026, are part of previously announced transactions and will expand t...
Tasman Resources advances South Australian copper-gold drilling plans
Jul 23, 2026
Tasman Resources reported its June quarter activities, highlighting progress across its South Australian exploration portfolio, particularly the Lake Torrens IOCG joint venture and the wholly owned Parkinson Dam project. The company continues to p...
Tasman Resources Shareholders Back Capital-Raising and Director Equity Resolutions
Jul 23, 2026
Tasman Resources Ltd reported that all resolutions put to shareholders at its 23 July 2026 general meeting were passed on a poll. The resolutions primarily related to the ratification of Tranche 1 placement shares issued under ASX Listing Rules 7....
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.