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Eon NRG Limited
(Sydney:VSR)
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Rating:45Neutral
Price Target:
AU$0.02
▼(-23.33% Downside)
Action:Reiterated
Date:09/23/26
The score is held down primarily by weak operating fundamentals (zero reported revenue, ongoing operating losses) and persistent negative free cash flow, which increase execution and funding risk. A debt-free balance sheet modestly supports the rating, while technicals are neutral-to-slightly bearish and valuation is unattractive given the high P/E and no dividend support.
Positive Factors
Debt-free balance sheet
A debt-free capital structure reduces solvency pressure and avoids mandatory interest or principal payments while the company develops its business. This gives management greater financial flexibility than a leveraged exploration company, although it does not offset the current operating losses.
Negative Factors
No reported revenue
Persistent zero reported revenue indicates that the company has not demonstrated commercial scale or recurring customer demand in the periods provided. Without operating sales, future development must translate into revenue before the business can support durable earnings or internally funded growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A debt-free capital structure reduces solvency pressure and avoids mandatory interest or principal payments while the company develops its business. This gives management greater financial flexibility than a leveraged exploration company, although it does not offset the current operating losses.
Read all positive factors
Eon NRG Limited (VSR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$12.84M
Dividend YieldN/A
Average Volume (3M)194.81K
Price to Earnings (P/E)44.0
Beta (1Y)0.84
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
Employees11
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)<0.01
Shares Outstanding583,474,800
10 Day Avg. Volume148,563
30 Day Avg. Volume194,814
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
22
Negative
Balance Sheet
67
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -51.77K | -56.18K | -58.63K | -31.84K | -973.00 | 0.00 |
| EBITDA | -1.10M | -1.01M | 134.28K | -1.71M | -2.09M | 171.35K |
| Net Income | 239.55K | 1.78M | 75.66K | -1.74M | -2.10M | -434.68K |
Balance Sheet | ||||||
| Total Assets | 11.51M | 12.61M | 11.17M | 10.73M | 5.38M | 126.81K |
| Cash, Cash Equivalents and Short-Term Investments | 2.03M | 1.85M | 5.59M | 6.02M | 3.13M | 1.54K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 39.19K |
| Total Liabilities | 163.41K | 147.40K | 205.69K | 206.60K | 237.45K | 650.13K |
| Stockholders Equity | 11.35M | 12.46M | 10.96M | 10.53M | 5.14M | -475.52K |
Cash Flow | ||||||
| Free Cash Flow | -1.31M | -433.84K | -326.43K | -3.82M | -2.28M | -52.55K |
| Operating Cash Flow | -569.73K | -405.39K | 461.68K | -1.33M | -1.78M | -43.50K |
| Investing Cash Flow | 206.63K | -3.19M | -1.04M | -2.53M | 118.14K | -9.05K |
| Financing Cash Flow | 0.00 | 0.00 | 0.00 | 6.74M | 4.79M | 38.05K |
Eon NRG Limited Technical Analysis
Negative
0.03
Price Trends
0.02
Negative
0.03
Negative
0.04
Negative
Market Momentum
>-0.01
Positive
46.30
Neutral
-50.00
Positive
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 0.03 is above the 20-day moving average (MA) of 0.02, above the 50-day MA of 0.02, and below the 200-day MA of 0.04, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 46.30 is Neutral, neither overbought nor oversold. The STOCH value of -50.00 is Positive, 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
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
58 Neutral | AU$23.12M | -40.45 | -3.17% | ― | -13.00% | 33.33% | |
53 Neutral | AU$32.93M | -160.53 | -7.50% | 12.90% | ― | 24.00% | |
49 Neutral | AU$15.55M | -16.67 | -20.84% | ― | ― | 43.24% | |
46 Neutral | AU$19.02M | -3.11 | -23.11% | ― | ― | 71.52% | |
46 Neutral | AU$12.05M | -9.51 | -1.65% | ― | ― | 37.50% | |
45 Neutral | AU$12.84M | 44.00 | 2.01% | ― | ― | ― |
* Energy Sector Average
AU:VSR
Eon NRG Limited
0.02
-0.01
-33.33%
AU:CND
Global Oil & Gas
0.02
>-0.01
-13.04%
AU:BRU
Buru Energy
0.01
>-0.01
-30.00%
AU:FZR
Fitzroy River Corp. Ltd.
0.31
0.15
90.62%
AU:BLU
Blue Energy Limited
―
―
―
AU:BAS
Bass Oil Ltd
0.06
0.03
113.33%
Eon NRG Limited Corporate Events
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...
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 wit...
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...
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.