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Blencowe Resources Plc
(LSE:BRES)
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Rating:52Neutral
Price Target:
8.50 p
▲(5.59% Upside)
Action:Reiterated
Date:09/06/26
The score is held down primarily by weak financial performance driven by a lack of revenue, ongoing losses, and continued cash burn. Technicals are a meaningful offset, showing positive momentum with price trading above key moving averages and supportive MACD/RSI. Valuation is not supportive because the company is loss-making (negative P/E) and no dividend yield is provided.
Positive Factors
Low Leverage and Growing Capital Base
Relatively low debt compared with equity provides a stronger solvency position while the larger asset and equity base supports continued project development. This financial structure gives the company more flexibility than a highly leveraged developer, despite its current lack of earnings.
Negative Factors
No Operating Revenue
Without recurring revenue from mineral production, Blencowe currently lacks an operating income base to fund its activities or demonstrate commercial traction. This leaves the investment case dependent on future project commercialization and makes near-term financial performance structurally weak.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage and Growing Capital Base
Relatively low debt compared with equity provides a stronger solvency position while the larger asset and equity base supports continued project development. This financial structure gives the company more flexibility than a highly leveraged developer, despite its current lack of earnings.
Read all positive factors
Blencowe Resources Plc (BRES) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£41.66M
Dividend YieldN/A
Average Volume (3M)2.58M
Price to Earnings (P/E)―
Beta (1Y)0.64
Revenue GrowthN/A
EPS Growth-327.78%
CountryUK
Employees5
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding492,420,840
10 Day Avg. Volume4,038,452
30 Day Avg. Volume2,579,160
Financial Highlights & Ratios
PEG Ratio-0.54
Price to Book (P/B)1.69
Price to Sales (P/S)0.00
P/FCF Ratio-9.35
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
Blencowe Resources Plc Business Overview & Revenue Model
Company Description
Blencowe Resources Plc focuses on the identification, advancement, and prospecting of mineral deposits. A significant holding in its portfolio is the Orom-Cross Graphite project, which the company fully owns. This extensive site spans approximatel...
How the Company Makes Money
Blencowe Resources Plc is a pre-revenue/minimal-revenue exploration and development company; publicly available information does not indicate recurring operating revenues from mineral production. As a result, its funding model is typically centere...
Blencowe Resources Plc Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -2.49M | -1.54M | -916.66K | -1.35M | -686.00K | -649.00K |
| Net Income | -2.44M | -1.58M | -962.00K | -1.40M | -1.08M | -695.00K |
Balance Sheet | ||||||
| Total Assets | 15.79M | 11.74M | 7.74M | 7.77M | 7.05M | 5.44M |
| Cash, Cash Equivalents and Short-Term Investments | 2.13M | 868.28K | 114.69K | 129.85K | 346.99K | 93.29K |
| Total Debt | 936.15K | 1.00M | 929.14K | 818.91K | 823.85K | 887.56K |
| Total Liabilities | 1.34M | 1.50M | 1.95M | 1.90M | 1.15M | 1.17M |
| Stockholders Equity | 14.45M | 10.24M | 5.79M | 5.87M | 5.90M | 4.27M |
Cash Flow | ||||||
| Free Cash Flow | -2.74M | -1.85M | -3.59M | -1.53M | -2.19M | -1.45M |
| Operating Cash Flow | -2.74M | -1.85M | -741.11K | -817.11K | -767.22K | -476.10K |
| Investing Cash Flow | -1.34M | -1.41M | -59.04K | -713.85K | -1.42M | -976.08K |
| Financing Cash Flow | 6.21M | 4.02M | 784.99K | 1.31M | 2.44M | 1.34M |
Blencowe Resources Plc Technical Analysis
Positive
8.05
Price Trends
7.23
Positive
7.63
Positive
7.93
Positive
Market Momentum
0.39
Negative
65.77
Neutral
60.51
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:BRES, the sentiment is Positive. The current price of 8.05 is above the 20-day moving average (MA) of 7.73, above the 50-day MA of 7.23, and above the 200-day MA of 7.93, indicating a bullish trend. The MACD of 0.39 indicates Negative momentum. The RSI at 65.77 is Neutral, neither overbought nor oversold. The STOCH value of 60.51 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:BRES.
Blencowe Resources Plc 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% | |
52 Neutral | £41.66M | -10.71 | -19.76% | ― | ― | -327.78% | |
48 Neutral | £12.54M | -3.96 | -19.28% | ― | ― | ― | |
46 Neutral | £14.68M | -3.57 | -14.52% | ― | ― | ― | |
41 Neutral | £57.67M | -0.22 | 602.92% | ― | ― | ― | |
41 Neutral | £21.91M | -2.70 | -16.51% | ― | ― | 76.95% |
* Basic Materials Sector Average
GB:BRES
Blencowe Resources Plc
8.46
2.96
53.82%
GB:POW
Power Metal Resources Plc
13.00
-3.50
-21.21%
GB:CRTM
Critical Metals Plc
7.50
0.38
5.26%
GB:BHL
Bradda Head Lithium Limited
2.20
1.22
124.49%
GB:CTL
CleanTech Lithium PLC
6.00
0.75
14.29%
Blencowe Resources Plc Corporate Events
Private Placements and FinancingRegulatory Filings and Compliance
Blencowe Resources Chairman Exercises Options as Share Capital Rises
Positive
Sep 4, 2026
Blencowe Resources Plc has announced that Executive Chairman Cameron Pearce has exercised 1,000,000 share options at an exercise price of 6 pence, generating proceeds of about £60,000 for the company and increasing his total shareholding to 1...
Delistings and Listing ChangesPrivate Placements and FinancingRegulatory Filings and Compliance
Blencowe Resources Chair Exercises Options as Share Capital Rises
Positive
Sep 4, 2026
Blencowe Resources Plc has disclosed that its Executive Chairman, Cameron Pearce, has exercised 1,000,000 share options at an exercise price of 6 pence, generating approximately £60,000 in proceeds for the company. Following this transaction,...
Business Operations and Strategy
Blencowe’s Orom-Cross Graphite Passes Hypersonic Rocket Test, Targeting High-Value Defence Markets
Positive
Sep 1, 2026
Blencowe Resources reported that graphite from its Orom-Cross project was successfully used in a hypersonic rocket test in New Mexico, reaching speeds of Mach 5.5 and accelerations near 150G. The material featured in critical components, including...
Business Operations and Strategy
Blencowe Eyes High-Value Battery Markets After Orom-Cross Graphite Testing Success
Positive
Aug 27, 2026
Blencowe Resources has reported further successful testing of Orom-Cross graphite in advanced lead-acid and other battery technologies, including military applications. Work with U.S. specialists Apollo Energy Systems and American Energy Technolog...
Business Operations and StrategyPrivate Placements and Financing
Blencowe Advances High-Value Defence Uses for Orom-Cross Graphite and Nears Premium Offtake Deal
Positive
Aug 17, 2026
Blencowe Resources has reported further progress in developing high-value applications for graphite from its Orom-Cross project, as testing with partner American Energy Technologies shows suitability for advanced anti-radar and electromagnetic int...
Business Operations and Strategy
Blencowe boosts investor outreach as Orom-Cross graphite strategy advances
Positive
Jul 21, 2026
Blencowe Resources has released an updated suite of investor communications, including a refreshed corporate presentation, a live investor QA and a CEO interview, to explain recent operational progress at Orom-Cross. The materials detail the enlar...
Business Operations and Strategy
Blencowe Secures Ugandan Site for Downstream Graphite Processing
Positive
Jun 29, 2026
Blencowe Resources has secured an option to purchase a 100-acre site about 35km north of Gulu in northern Uganda to host downstream processing facilities for its Orom-Cross graphite project. The modest US$70,000 purchase price and phased option st...
Business Operations and Strategy
Blencowe Gains Cavendish Research Coverage on Orom-Cross Graphite Project
Positive
Jun 22, 2026
Blencowe Resources said its joint broker Cavendish Capital Markets has initiated research coverage on the company and its Orom-Cross Graphite Project in Uganda. The research note is being distributed through Cavendish’s own portal and the Re...
Private Placements and FinancingRegulatory Filings and Compliance
Blencowe Resources Updates Share Capital After Warrant Exercises
Positive
Jun 12, 2026
Blencowe Resources has reported that, under a previously approved block admission of 64,125,278 ordinary shares, it issued 14,071,450 shares between 13 January and 12 June 2026 following the exercise of warrants, raising about £789,000 and le...
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.