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Eon NRG Limited (VSR) AI Stock Analysis

4 Followers
AU:VSR

Eon NRG Limited

(ASX:VSR)

Select Model
Rating:42Neutral
Price Target:AUD 0.02â–¼(-15.00% Downside)
Action:reiterated
Date:10/14/26

The score is held down primarily by weak operating fundamentals (zero reported revenue, negative operating profitability) and persistent negative free cash flow. Technical indicators also point to a bearish longer-term trend and weak momentum. A debt-free balance sheet provides some stability but is not enough to offset the operating and cash burn risks, while the high P/E offers limited valuation support.

Positive Factors
Debt-Free Balance SheetA debt-free balance sheet reduces interest obligations and refinancing exposure, giving Eon NRG greater financial flexibility over the next several quarters. This conservative capital structure can help preserve assets and provide more room to pursue energy opportunities without adding leverage-related solvency pressure.
Negative Factors
No Reported RevenuePersistent zero reported revenue indicates that Eon NRG lacks a demonstrated operating revenue stream, making its business model difficult to assess on recurring commercial performance. Without revenue growth, the company has limited evidence of customer traction or internally funded expansion over the coming quarters.

Eon NRG Limited (VSR) vs. iShares MSCI Australia ETF (EWA)

-75%-50%-25%0%25%50%75%100%AU:VSR-42.86%EWA+17.02%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
AUD 11.67M
Dividend Yield
―
Average Volume (3M)
202.27K
Price to Earnings (P/E)
58.3
Beta (1Y)
0.63
Revenue Growth
―
EPS Growth
―
Country
Australia
Employees
11
Sector
Energy
Sector Strength
65
Industry
Oil & Gas Integrated

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's...

Eon NRG Limited Financial Statement Overview

Summary

Overall fundamentals are weak despite a stronger balance sheet. Income statement quality is poor with consistently zero reported revenue, negative gross profit, and negative EBIT/EBITDA (TTM EBIT about -1.16M), suggesting recent net income gains are not driven by core operations. Cash flow is also pressured with negative operating cash flow in TTM and persistent negative free cash flow (TTM about -1.31M), indicating ongoing cash burn. Offsetting this, the balance sheet shows zero debt in recent periods and positive equity (~11.35M TTM), reducing immediate solvency risk.

Income Statement

22Negative

Balance Sheet

67Positive

Cash Flow

28Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue000000
Gross Profit-51.77K-56.18K-58.63K-31.84K-9730
EBITDA-1.10M-1.01M134.28K-1.71M-2.09M171.35K
Net Income239.55K1.78M75.66K-1.74M-2.10M-434.68K
Balance Sheet
Total Assets11.51M12.61M11.17M10.73M5.38M126.81K
Cash, Cash Equivalents and Short-Term Investments2.03M1.85M5.59M6.02M3.13M1,541
Total Debt0000039.19K
Total Liabilities163.41K147.40K205.69K206.60K237.45K650.13K
Stockholders Equity11.35M12.46M10.96M10.53M5.14M-475.52K
Cash Flow
Free Cash Flow-1.31M-433.84K-326.43K-3.82M-2.28M-52.55K
Operating Cash Flow-569.73K-405.39K461.68K-1.33M-1.78M-43.50K
Investing Cash Flow206.63K-3.19M-1.04M-2.53M118.14K-9,050
Financing Cash Flow0006.74M4.79M38.05K

Eon NRG Limited Technical Analysis

Technical Analysis SentimentNegative
Last Price0.02

Price Trends

50DMA0.02Negative
100DMA0.02Negative
200DMA0.03Negative

Market Momentum

MACD-0.00Negative
RSI46.30Neutral
STOCH86.90Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:VSR, the sentiment is Negative. 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 0.03, indicating a bearish trend. The MACD of -0.00 indicates Negative momentum. The RSI at 46.30 is Neutral, neither overbought nor oversold. The STOCH value of 86.90 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:VSR.

Eon NRG Limited Peers Comparison

Overall Rating

UnderperformOutperform
Sector (65)

Financial Indicators

AU:VSR against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *65Neutral$15.17B7.614.09%5.20%3.87%-62.32%
AU:BASAU:BAS64NeutralAUD 18.35M-32.02-3.17%―-13.00%33.33%
AU:CNDAU:CND51NeutralAUD 14.69M-14.17-20.84%――43.24%
AU:BRUAU:BRU47NeutralAUD 19.02M-3.11-23.11%――71.52%
AU:FZRAU:FZR47NeutralAUD 31.85M-155.26-7.50%――24.00%
AU:BLUAU:BLU46NeutralAUD 9.04M-20.00-1.65%――37.50%
AU:VSRAU:VSR42NeutralAUD 11.67M58.322.01%―――

* Energy Sector Average

Performance Comparison

0%100%200%AU:VSRAU:CNDAU:BRUAU:FZRAU:BASDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
AU:VSR and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
AU:VSREon NRG Limited0.02-0.02-42.86%
AU:CNDGlobal Oil & Gas Limited0.02-0.00-10.53%
AU:BRUBuru Energy Limited0.01-0.00-22.22%
AU:FZRFitzroy River Corp. Ltd.0.290.15104.86%
AU:BLUBlue Energy Limited―――
AU:BASBass Oil Ltd0.050.0273.33%

Eon NRG Limited Corporate Events

El Dinero Assays Confirm Gold and Copper Mineralisation

Nov 3, 2026

Voltaic Strategic Resources reported further confirmation of gold and copper mineralisation at the El Dinero prospect within its Meekatharra Project. Field work produced 40 rock samples, while four copper-bearing samples underwent additional laborato...

Voltaic Strategic Resources Accelerates WA Gold and Lithium Consolidation

Oct 28, 2026

Voltaic Strategic Resources reported an active September quarter marked by aggressive consolidation of its Western Australian gold and lithium portfolio. The company secured full ownership of the Bundie Bore tenements along the Burnakura Gold Corrido...

Voltaic Secures WA Gold Portfolio With Diamandia Acquisition

Oct 28, 2026

Voltaic Strategic Resources has completed the acquisition of Diamandia Pty Ltd from Famien Resources, securing 100% ownership of five gold exploration licences in Western Australia covering the Rocky Ridge, Three Springs and Tampia West projects. The...

Voltaic Strategic Resources lets 15m options lapse, trimming potential dilution

Oct 5, 2026

Voltaic Strategic Resources has allowed 15 million listed options, each exercisable at $0.04 and expiring on 5 October 2026, to lapse unexercised. The expiry of these options reduces the company’s potential future share dilution and slightly simplifi...

Voltaic boosts WA gold footprint with acquisition of three projects

Oct 4, 2026

Voltaic Strategic Resources has moved to expand its Western Australian gold portfolio by agreeing to acquire Diamandia Pty Ltd, which holds five granted exploration licences covering the Rocky Ridge, Three Springs and Tampia West projects. The A$330,...

Famien Resources Sells West Yilgarn Tenements to Voltaic in $2.33m Deal

Oct 4, 2026

Famien Resources Limited has agreed to sell its wholly owned subsidiary Diamandia Pty Ltd to Voltaic Strategic Resources, divesting a suite of non-core West Yilgarn exploration licences including the Rocky Ridge, Tampia West and Three Springs tenemen...

Voltaic Strategic Resources Details Governance in 2026 Half-Year Report

Sep 11, 2026

Voltaic Strategic Resources Limited, an ASX-listed Australian minerals group headquartered in Subiaco, WA, operates through a network of subsidiaries with its functional and presentation currency in Australian dollars. The company is governed by a bo...

Voltaic flags high-grade copper indications at El Dinero prospect

Sep 10, 2026

Voltaic Strategic Resources has reported encouraging early results from initial field work at its El Dinero copper-gold prospect in Western Australia. Field reconnaissance identified malachite-rich, gossanous material across multiple locations within...

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. T...

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 listed ca...

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, flexible...

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 signals...

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 adjustment between...

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, slightly simpl...

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 acquisition o...

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 enhancing li...

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.

Date of analysis: Oct 14, 2026