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Eon NRG Limited
(Sydney:VSR)
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Rating:48Neutral
Price Target:
AU$0.03
▲(30.00% Upside)
Action:Reiterated
Date:08/27/26
The score is held down primarily by weak financial performance—zero reported revenue, ongoing operating losses, and consistently negative free cash flow—suggesting limited underlying business traction. Technicals also lean bearish with the price below key moving averages and a negative MACD. A relatively low P/E provides some support, but valuation is less persuasive given the earnings quality and cash-flow concerns.
Positive Factors
Debt-Free Balance Sheet
A debt-free balance sheet lowers solvency and interest-burden risk, preserving financial flexibility for exploration, development or corporate opportunities. This strength is meaningful over the medium term, although it does not offset the absence of operating revenue.
Negative Factors
No Operating Revenue
Persistent zero revenue indicates that the company has not established commercial traction or a functioning operating model. Negative gross profit and EBIT suggest ongoing core-business losses, limiting visibility on future growth, margins and the ability to scale without new funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-Free Balance Sheet
A debt-free balance sheet lowers solvency and interest-burden risk, preserving financial flexibility for exploration, development or corporate opportunities. This strength is meaningful over the medium term, although it does not offset the absence of operating revenue.
Read all positive factors
Eon NRG Limited (VSR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$15.75M
Dividend YieldN/A
Average Volume (3M)1.04M
Price to Earnings (P/E)8.7
Beta (1Y)0.95
Revenue GrowthN/A
EPS Growth3000.00%
CountryAU
Employees11
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)<0.01
Shares Outstanding583,474,800
10 Day Avg. Volume644,849
30 Day Avg. Volume1,044,644
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)2.70
Price to Sales (P/S)0.00
P/FCF Ratio-77.62
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
Eon NRG Limited Business Overview & Revenue Model
Company Description
Voltaic Strategic Resources Limited, a mineral exploration company originally incorporated in 2009 as Eon NRG Limited and headquartered in West Perth, Australia, conducts operations across Nevada, USA, and Western Australia. In Nevada, the company...
Eon NRG Limited Financial Statement Overview
Summary
Income Statement
36
Negative
Balance Sheet
68
Positive
Cash Flow
33
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -56.18K | -58.63K | -31.84K | -973.00 | 0.00 |
| EBITDA | -1.01M | 134.28K | -1.71M | -2.09M | -412.61K |
| Net Income | 1.78M | 75.66K | -1.74M | -2.10M | -434.68K |
Balance Sheet | |||||
| Total Assets | 12.61M | 11.17M | 10.73M | 5.38M | 174.60K |
| Cash, Cash Equivalents and Short-Term Investments | 1.85M | 5.59M | 6.02M | 3.13M | 1.54K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 39.19K |
| Total Liabilities | 147.40K | 205.69K | 206.60K | 237.45K | 650.13K |
| Stockholders Equity | 12.46M | 10.96M | 10.53M | 5.14M | -475.52K |
Cash Flow | |||||
| Free Cash Flow | -433.84K | -326.43K | -3.82M | -2.28M | -52.55K |
| Operating Cash Flow | -405.39K | 461.68K | -1.33M | -1.78M | -43.50K |
| Investing Cash Flow | -3.19M | -1.04M | -2.53M | 118.14K | -9.05K |
| Financing Cash Flow | 0.00 | 0.00 | 6.74M | 4.79M | 38.05K |
Eon NRG Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | AU$29.69M | -152.78 | -6.83% | 16.82% | ― | 55.00% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
58 Neutral | AU$21.29M | -18.87 | -6.54% | ― | 27.55% | -60.00% | |
48 Neutral | AU$15.75M | 8.71 | 14.97% | ― | ― | 3000.00% | |
44 Neutral | AU$10.54M | -7.50 | -1.81% | ― | ― | 12.50% | |
43 Neutral | AU$17.66M | -1.94 | -35.17% | ― | ― | 64.71% |
* Energy Sector Average
AU:VSR
Eon NRG Limited
0.03
<0.01
12.50%
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Eon NRG Limited Corporate Events
Voltaic Issues Shares for Licence Acquisition and Lodges Cleansing Notice
Aug 27, 2026
Voltaic Strategic Resources Limited has completed the issue of 2,457,203 shares at $0.0244 per share as consideration for the acquisition of exploration licences E70/6603, E70/6626 and E70/6627, following an earlier announcement of the transaction...
Voltaic Strategic Resources Seeks ASX Quotation for New Shares
Aug 27, 2026
Voltaic Strategic Resources Ltd has lodged an application with the ASX for the quotation of 2,457,203 ordinary fully paid shares. The new securities, to be quoted under the ticker VSR, were issued on August 27, 2026, expanding the company’s ...
Voltaic Expands WA Gold Footprint with Meekatharra and Donnybrook Deals
Aug 20, 2026
Voltaic Strategic Resources Limited is an Australian exploration company focused on building a Western Australian gold portfolio, with key projects in the Meekatharra Gold District and the Donnybrook region. The company is pursuing low-cost, flexi...
Voltaic Strategic Resources Plans Share Placement to Strengthen Capital Base
Aug 20, 2026
Voltaic Strategic Resources Ltd has notified the ASX of a proposed issue of 2,457,203 ordinary fully paid shares under a placement or similar capital-raising structure, with the new securities expected to be issued on 27 August 2026. The move sign...
Voltaic Strategic Resources Updates Director Equity Holdings
Aug 18, 2026
Voltaic Strategic Resources Ltd has reported a change in director Michael Walshe’s indirect interests in the company’s securities via Satinka Consulting Pty Ltd. The disclosure, made under ASX listing rule requirements, details an adju...
Voltaic Strategic Resources Clears 27.75m Expired Performance Rights
Aug 14, 2026
Voltaic Strategic Resources Ltd has reported the cessation of 27,750,000 performance rights, which expired without being exercised or converted on August 13, 2026. The expiry reduces the company’s pool of potential dilutive securities, sligh...
Voltaic Strategic Resources Issues New Shares to Lift Bundie Bore Stake
Aug 14, 2026
Voltaic Strategic Resources Ltd has moved to quote 2,967,359 new fully paid ordinary shares on the ASX, strengthening its capital base as it advances its exploration portfolio. The securities issuance forms part of the completion of the acquisitio...
Voltaic Strategic Resources Seeks ASX Quotation for 8 Million New Shares
Aug 14, 2026
Voltaic Strategic Resources Ltd has applied for quotation of 8,000,000 new ordinary fully paid shares on the ASX, with an issue date of August 13, 2026. The additional securities will expand the company’s listed capital base, potentially enh...
Voltaic Strategic Resources Tightens WA Portfolio and Prepares for Active Exploration Push
Jul 30, 2026
Voltaic Strategic Resources used the June quarter to optimise its Western Australian exploration portfolio, consolidating ownership of the Meekatharra Gold Project and key Bundie Bore licences while strengthening its position in the Yinnetharra di...
Voltaic Issues Shares to Secure Bundie Bore Stake and Confirms Compliance
Jul 14, 2026
Voltaic Strategic Resources Limited has issued 2,967,359 new shares at $0.0337 per share to complete the acquisition of a 20% interest in the Bundie Bore tenements, further consolidating its position in strategic mineral exploration. The company h...
Voltaic Strategic Resources to Issue New Shares in ASX Placement
Jul 12, 2026
Voltaic Strategic Resources plans to issue up to 2,967,359 ordinary fully paid shares on the ASX as part of a proposed placement or similar capital raising. The new securities, expected to be issued on 14 July 2026, will expand the company’s...
Voltaic Secures Full Control of Bundie Bore Tenure in Meekatharra Gold Belt
Jul 12, 2026
Voltaic Strategic Resources has secured full ownership of the Bundie Bore tenure within the Burnakura Gold Corridor by acquiring the remaining 20% interest in key exploration and prospecting licences from Dynamic Metals through a $100,000 scrip de...
Voltaic Strategic Resources director options lapse on expiry
Jul 1, 2026
Voltaic Strategic Resources has reported a change in the indirect shareholdings of director Michael Walshe, held through Satinka Consulting Pty Ltd. The filing details that his 250,000 listed options in the company have lapsed on expiry, leaving h...
Voltaic Strategic Resources Director Options Expire, Simplifying Equity Holdings
Jul 1, 2026
Voltaic Strategic Resources has reported a change in director Daniel Raihani’s indirect interests following the expiry of a large tranche of listed options. Through his associated entity 7 Enterprises Pty Ltd, Raihani’s holding of 33,0...
Voltaic Regains Full Control of Ti Tree Lithium Project in Yinnetharra
Jun 17, 2026
Voltaic Strategic Resources has regained full ownership and control of its Ti Tree lithium project after mutually terminating an earn-in and joint venture agreement with Delta Lithium, restoring 100% of the Yinnetharra lithium portfolio to the com...
Voltaic Strategic Resources Sets June 2026 Expiry for Listed Options
Jun 2, 2026
Voltaic Strategic Resources has notified holders of its listed options (ASX: VSRO) that these securities, exercisable at $0.08 each, will expire at 5:00pm AEST on 30 June 2026. Official quotation of the options will cease at the close of ASX tradi...
Voltaic Strategic Resources Wins Shareholder Backing for Board, Acquisition and Capital Flexibility
May 29, 2026
Voltaic Strategic Resources Limited reported the results of its 2026 Annual General Meeting, confirming that all resolutions put to shareholders were passed by poll. Shareholders endorsed the remuneration report and re-elected directors Michael Wa...
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.