Toubani Resources Limited Registered Shs (AU:TRE)
ASX:TRE
Want to see AU:TRE full AI Analyst Report?
Top Page
Toubani Resources Limited Registered Shs
(Sydney:TRE)
Select Model
Select Model
Rating:45Neutral
Price Target:
AU$0.39
▼(-35.00% Downside)
Action:Reiterated
Date:04/29/26
The score is primarily held back by weak financial performance (minimal revenue, widening losses, and sustained cash burn), partially offset by a debt-free balance sheet and increased equity base. Technicals are mixed with the stock below most key moving averages but showing neutral momentum, and valuation signals are limited due to the absence of meaningful P/E and dividend yield data.
Positive Factors
Debt-free balance sheet
Having no reported debt materially reduces financial risk for an exploration-stage miner. This structural strength lowers bankruptcy risk, preserves optionality on capital structure decisions, and gives management flexibility to prioritize project milestones over fixed financing costs during the multi‑year development cycle.
Negative Factors
Effectively pre-revenue
Zero reported revenue means the firm cannot self-fund operations or demonstrate commercial cash generation. Structurally, pre‑revenue status elevates dependence on external capital, lengthens time to value realization, and makes project economics highly contingent on future exploration success rather than current operating performance.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Having no reported debt materially reduces financial risk for an exploration-stage miner. This structural strength lowers bankruptcy risk, preserves optionality on capital structure decisions, and gives management flexibility to prioritize project milestones over fixed financing costs during the multi‑year development cycle.
Read all positive factors
Toubani Resources Limited Registered Shs (TRE) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$13.01M
Dividend YieldN/A
Average Volume (3M)591.39K
Price to Earnings (P/E)―
Beta (1Y)2.17
Revenue GrowthN/A
EPS Growth-48.83%
CountryAU
Employees201
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.06
Shares Outstanding764,978,600
10 Day Avg. Volume606,516
30 Day Avg. Volume591,393
Financial Highlights & Ratios
PEG Ratio-0.16
Price to Book (P/B)0.81
Price to Sales (P/S)0.00
P/FCF Ratio-4.96
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$1.85Price Target Upside208.33% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Toubani Resources Limited Registered Shs Business Overview & Revenue Model
Company Description
Toubani Resources Inc. engages in the exploration and development of gold properties in West Africa. It focuses on the Kobada Gold project located in Southern Mali. The company was formerly known as African Gold Group, Inc. and changed its name to...
How the Company Makes Money
null...
Toubani Resources Limited Registered Shs Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
24
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 121.82K | 0.00 | 76.91K | 9.30K | 19.56K | 0.00 |
| Gross Profit | 121.82K | 0.00 | 76.91K | -32.38K | 19.56K | -22.11K |
| EBITDA | -10.01M | -22.27M | -13.16M | -9.67M | -5.26M | -4.43M |
| Net Income | -13.21M | -22.86M | -13.27M | -9.71M | -5.22M | -4.48M |
Balance Sheet | ||||||
| Total Assets | 19.21M | 126.61M | 9.35M | 6.28M | 5.92M | 3.88M |
| Cash, Cash Equivalents and Short-Term Investments | 17.36M | 116.98M | 8.47M | 4.81M | 5.33M | 3.51M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 2.13M | 8.92M | 748.64K | 1.28M | 900.53K | 424.51K |
| Stockholders Equity | 17.07M | 117.69M | 8.60M | 2.33M | 5.02M | 3.46M |
Cash Flow | ||||||
| Free Cash Flow | -10.47M | -19.19M | -6.85M | -14.46M | -5.05M | -4.96M |
| Operating Cash Flow | -9.69M | -15.41M | -6.83M | -14.36M | -5.02M | -4.94M |
| Investing Cash Flow | -774.14K | -3.78M | -14.00K | -97.39K | -25.13K | -24.56K |
| Financing Cash Flow | 22.56M | 128.91M | 13.13M | 7.63M | 5.37M | 7.72M |
Toubani Resources Limited Registered Shs 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% | |
47 Neutral | AU$12.33M | 1.97 | 38.60% | ― | ― | 7000.00% | |
45 Neutral | AU$13.01M | -9.75 | -16.76% | ― | ― | -48.83% | |
45 Neutral | AU$8.70M | -3.52 | -7.27% | ― | ― | -36.96% | |
45 Neutral | AU$9.82M | -1.73 | -50.11% | ― | ― | -34.80% | |
44 Neutral | AU$10.82M | -6.18 | -6.21% | ― | ― | 41.18% | |
43 Neutral | AU$7.36M | -1.14 | -184.19% | ― | ― | 8.00% |
* Basic Materials Sector Average
AU:TRE
Toubani Resources Limited Registered Shs
0.41
0.12
41.38%
AU:BNR
Bulletin Resources Limited
0.04
-0.02
-34.38%
AU:AUV
Sipa Resources Limited
0.01
>-0.01
-16.67%
AU:NWM
Norwest Minerals Ltd.
0.01
>-0.01
-23.08%
AU:ICL
Iceni Gold Ltd.
0.02
-0.07
-75.56%
AU:TMB
Tambourah Metals Ltd
0.04
0.02
95.00%
Toubani Resources Limited Registered Shs Corporate Events
Toubani Resources Shareholders Back Board Slate at Annual General Meeting
May 28, 2026
Toubani Resources Limited is a gold development company focused on advancing the oxide‑dominant Kobada Gold Project in West Africa. The company is led by an experienced African-focused board and management team that has a track record of tak...
Toubani Resources Keeps Kobada Gold Project on Track Despite Mali Security Concerns
Apr 28, 2026
Toubani Resources reports that operations at its Kobada Gold Project in southern Mali remain unaffected by recent security incidents in central and northeastern parts of the country, with construction and drilling progressing on schedule and all p...
Toubani Accelerates Kobada Gold Project Build as Financing and Permits Fall into Place
Apr 28, 2026
Toubani Resources has advanced construction at its Kobada Gold Project in Mali following a positive final investment decision, with bulk earthworks underway at the water storage dam, process plant and camp sites. Key permits have been secured, res...
Toubani Resources Sets May AGM and Pushes Digital Communications for Shareholders
Apr 28, 2026
Toubani Resources Limited has scheduled its Annual General Meeting of shareholders for 28 May 2026 in Perth, providing investors with the opportunity to attend in person and participate in key governance decisions. The company will not mail physic...
Toubani Resources Sets 2026 AGM to Approve 2025 Accounts and Remuneration Report
Apr 28, 2026
Toubani Resources Limited has convened its annual general meeting for 28 May 2026 in Perth, setting 26 May 2026 as the record date to determine shareholder voting eligibility. The agenda includes receiving the 2025 annual report and asking shareho...
Toubani Resources Options Expire Unexercised, Trimming Equity Overhang
Apr 22, 2026
Toubani Resources Limited has announced the cessation of 799,996 options with an exercise price of C$0.45, which expired unexercised on April 20, 2026. The expiry reduces the company’s pool of outstanding convertible securities, marginally s...
Toubani Resources Issues Over 8.3 Million Shares Through Option Exercise
Apr 22, 2026
Toubani Resources has issued 8,333,334 new shares following the exercise of $0.336 options, and has notified the market that these shares were issued without a prospectus under the relevant Corporations Act provisions. The company confirmed it is ...
Toubani Resources Seeks ASX Quotation for 8.3 Million New Shares
Apr 22, 2026
Toubani Resources Limited has applied for quotation on the ASX of 8,333,334 new ordinary fully paid shares, to be traded under its existing ticker TRE. The new securities, issued on April 22, 2026, arise from the exercise or conversion of existing...
Toubani Resources Files Updated Corporate Governance Statement and Appendix 4G
Mar 29, 2026
Toubani Resources Limited has lodged its updated corporate governance statement for the 2025 financial year, confirming that the document is current as of 31 December 2025 and has been approved by the board. The statement is being made available v...
Toubani Resources Outlines Governance Structure in 2025 Annual Report
Mar 29, 2026
Toubani Resources Limited has released its annual report for the year ended 31 December 2025, outlining its corporate structure and key governance arrangements. The report details the composition of the board, company secretary, registered office,...
Toubani Resources Breaks Ground at Kobada Gold Project in Mali
Mar 15, 2026
Toubani Resources has begun construction at its Kobada Gold Project in Mali after reaching a final investment decision and securing key approvals, including an investment protocol with the state and environmental, resettlement and infrastructure p...
S&P Dow Jones Indices Confirms New Additions to All Ordinaries in March Rebalance
Mar 10, 2026
SP Dow Jones Indices has updated its March 2026 quarterly rebalance of the All Ordinaries index, reversing earlier plans involving African Gold Limited and American Rare Earths Limited while confirming a wide slate of additions. The changes, effec...
Toubani Resources Sets Out Kobada Gold Mine Path in New Corporate Presentation
Mar 9, 2026
Toubani Resources Limited has released a corporate presentation outlining its strategy to become a gold producer through the development and delivery of the Kobada Gold Mine, targeted for March 2026. The document is largely comprised of standard d...
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.