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Zuleika Gold Limited
(Sydney:ZAG)
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Rating:53Neutral
Price Target:
AU$0.03
▲(0.00% Upside)
Action:Reiterated
Date:10/02/26
Overall score is held back primarily by weak and volatile operating fundamentals (including zero revenue and ongoing operating losses) and poor technical momentum (below key moving averages with negative MACD). These are partially offset by a conservatively financed balance sheet and a very low P/E, though earnings-quality concerns limit the benefit of the valuation signal.
Positive Factors
Debt-free balance sheet
Essentially no debt reduces solvency risk and avoids a recurring interest burden, giving ZAG greater flexibility to direct available resources toward exploration. This conservative financing profile can help the company withstand uneven project outcomes and preserve strategic options while it seeks discoveries.
Negative Factors
No recurring production revenue
The absence of dependable production revenue leaves ZAG without a stable operating income stream to fund exploration and corporate costs. Financial progress therefore depends heavily on discoveries, project advancement, asset transactions, or external funding, making medium-term results inherently less predictable.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Essentially no debt reduces solvency risk and avoids a recurring interest burden, giving ZAG greater flexibility to direct available resources toward exploration. This conservative financing profile can help the company withstand uneven project outcomes and preserve strategic options while it seeks discoveries.
Read all positive factors
Zuleika Gold Limited (ZAG) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$31.20M
Dividend YieldN/A
Average Volume (3M)311.26K
Price to Earnings (P/E)0.7
Beta (1Y)0.47
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)0.05
Shares Outstanding1,039,914,800
10 Day Avg. Volume327,818
30 Day Avg. Volume311,265
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.83
Price to Sales (P/S)0.00
P/FCF Ratio4.00
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
Zuleika Gold Limited Business Overview & Revenue Model
Company Description
Based in West Perth, Australia, Zuleika Gold Limited is an Australian company focused on the exploration and subsequent development of gold resources. Formed in 2010, the firm adopted its current name in February 2021, having previously operated a...
How the Company Makes Money
ZAG’s primary economic activity is mineral exploration rather than operating producing mines. As a result, specific, recurring operating revenue streams from gold production are not publicly verifiable from the information available here; therefor...
Zuleika Gold Limited Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
72
Positive
Cash Flow
63
Positive
| Breakdown | TTM | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 27.52K | 0.00 | 78.20K | 72.83K | 38.48K | 8.82K |
| Gross Profit | 27.52K | 0.00 | 78.20K | 72.83K | 18.31K | -63.84K |
| EBITDA | -3.28M | -3.31M | -945.63K | 205.54K | -1.03M | -3.30M |
| Net Income | 38.79M | 39.08M | -2.81M | 198.18K | -1.05M | -3.37M |
Balance Sheet | ||||||
| Total Assets | 56.16M | 45.66M | 8.75M | 11.41M | 8.44M | 9.55M |
| Cash, Cash Equivalents and Short-Term Investments | 14.63M | 15.61M | 1.16M | 2.69M | 823.30K | 3.74M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 14.75K | 0.00 |
| Total Liabilities | 2.06M | 1.62M | 323.05K | 192.38K | 509.02K | 627.84K |
| Stockholders Equity | 54.10M | 44.04M | 8.43M | 11.22M | 7.93M | 8.92M |
Cash Flow | ||||||
| Free Cash Flow | 7.14M | 9.16M | -1.53M | -1.13M | -2.90M | -4.15M |
| Operating Cash Flow | 7.38M | 9.16M | -750.06K | 10.79K | -1.04M | -1.73M |
| Investing Cash Flow | -651.62K | -801.01K | -777.94K | -1.14M | -1.86M | -2.41M |
| Financing Cash Flow | 6.08M | 6.08M | 0.00 | 3.00M | -13.52K | 2.99M |
Zuleika Gold Limited Technical Analysis
Negative
0.03
Price Trends
0.04
Negative
0.04
Negative
0.04
Negative
Market Momentum
>-0.01
Positive
41.09
Neutral
>-0.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ZAG, 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 0.04, and below the 200-day MA of 0.04, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 41.09 is Neutral, neither overbought nor oversold. The STOCH value of >-0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:ZAG.
Zuleika Gold Limited 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% | |
53 Neutral | AU$31.20M | 0.70 | 79.65% | ― | ― | ― | |
48 Neutral | AU$50.82M | -25.00 | -9.39% | ― | ― | 80.82% | |
45 Neutral | AU$28.98M | -5.00 | -31.63% | ― | ― | -58.33% | |
44 Neutral | AU$30.11M | -4.83 | -74.10% | ― | 133.33% | -321.05% | |
42 Neutral | AU$19.89M | -4.47 | -58.95% | ― | ― | 40.99% | |
41 Neutral | AU$23.02M | -26.67 | -293.80% | ― | ― | -240.00% |
* Basic Materials Sector Average
AU:ZAG
Zuleika Gold Limited
0.03
<0.01
33.33%
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Zuleika Gold Limited Corporate Events
Zuleika Gold Details Governance Structure in 2026 Annual Report
Sep 30, 2026
Zuleika Gold Limited is an Australian-listed company focused on gold exploration and development, operating out of West Perth, Western Australia. The company is overseen by an executive chair and a board of non-executive directors, and maintains i...
Zuleika Gold lodges updated governance statement with ASX
Sep 30, 2026
Zuleika Gold Limited has lodged its Appendix 4G and confirmed that its corporate governance statement for the year to 30 June 2026 is current as at 30 September 2026 and approved by the board. The statement, available via the company’s websi...
CZR Resources Extends Takeover Offer Period for Zuleika Gold
Sep 21, 2026
CZR Resources Ltd has issued a first supplementary bidder’s statement in relation to its off-market takeover bid for all ordinary shares in Zuleika Gold Limited that it does not already own or control. The document was lodged with ASIC on 22...
Zuleika Gold Board Backs CZR Resources Takeover Offer
Aug 24, 2026
Zuleika Gold Limited has dispatched its Target’s Statement responding to an off-market takeover bid from CZR Resources Ltd to acquire all Zuleika shares via a share-swap offer. The independent directors, excluding the CZR-linked director, un...
CZR Resources Completes Dispatch of Takeover Documents for Zuleika Gold
Aug 24, 2026
CZR Resources Ltd has formally launched an off‑market takeover bid to acquire all ordinary shares in Zuleika Gold Limited, with the offer documents now fully dispatched to eligible Zuleika shareholders. The move underscores CZR’s inten...
Zuleika Gold Secures ASX Waiver to Streamline CZR Takeover Option Cancellation
Aug 20, 2026
Zuleika Gold Limited has secured a waiver from the ASX to allow the cancellation of 3.5 million unquoted Zuleika options in exchange for replacement CZR Resources options, without requiring separate approval from Zuleika shareholders. The waiver i...
Zuleika Gold Directors Back CZR Resources’ Takeover Bid Despite Fairness Concerns
Aug 20, 2026
CZR Resources Ltd has launched an off-market takeover bid for Zuleika Gold Limited, proposing consideration of 0.1742 CZR shares for every fully paid Zuleika share. Zuleika has issued its formal target’s statement, lodged with regulators and...
Zuleika Gold Boosts Capital With $2.26m From Option Exercises
Aug 7, 2026
Zuleika Gold Limited has strengthened its capital base by issuing 113,034,895 new fully paid ordinary shares after receiving approximately $2.26 million from the exercise of options. The share issuance reflects ongoing investor support and provide...
Zuleika Gold Seeks ASX Quotation for 113 Million New Shares
Aug 7, 2026
Zuleika Gold Limited has applied for quotation of a substantial new tranche of ordinary fully paid shares on the ASX. The company is seeking quotation for 113,034,895 ZAG securities, reflecting a significant issuance of equity into the market.The ...
CZR Move on Zuleika Gold Caps Active Quarter in Kalgoorlie
Jul 31, 2026
Zuleika Gold Limited has agreed to an unanimously recommended off-market takeover by CZR, valuing the company at about $44.8 million and offering a material premium to its prior trading levels. The merger will combine complementary assets and bala...
Zuleika Gold Confirms Lapse of 250,000 Performance Rights
Jul 14, 2026
Zuleika Gold Limited has announced the cessation of a tranche of performance rights from its issued capital. The mining-focused company, listed on the ASX under code ZAG, uses such rights as part of its incentive structure for personnel tied to pr...
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.