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Blencowe Resources Plc
(LSE:BRES)
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Rating:45Neutral
Price Target:
6.00 p
â–¼(-25.47% Downside)
Action:Reiterated
Date:10/15/26
The score is primarily held back by weak financial performance (no revenue, ongoing losses, and persistent cash burn), which outweighs the balance-sheet strength from relatively low leverage and higher equity/assets. Technicals add mild pressure due to a negative MACD and price trading below key longer-term moving averages, while valuation remains unattractive because earnings are negative and no dividend yield is indicated.
Positive Factors
Low Leverage
Relatively low leverage gives Blencowe greater financial flexibility than a highly indebted developer. A modest debt burden can reduce solvency pressure while the company advances its projects, although the balance sheet is not yet producing positive returns.
Negative Factors
No Operating Revenue
The absence of operating revenue means Blencowe has not yet demonstrated commercial traction or an established earnings base. Until its mineral assets are commercialized, funding must support development without recurring sales to absorb ongoing corporate and project costs.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Relatively low leverage gives Blencowe greater financial flexibility than a highly indebted developer. A modest debt burden can reduce solvency pressure while the company advances its projects, although the balance sheet is not yet producing positive returns.
Read all positive factors
Blencowe Resources Plc (BRES) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£31.58M
Dividend YieldN/A
Average Volume (3M)3.49M
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 Outstanding501,276,100
10 Day Avg. Volume2,171,850
30 Day Avg. Volume3,492,013
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 | -103.28K | 219.00 | -353.66K | -647.08K |
| 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
Negative
8.05
Price Trends
6.79
Negative
6.95
Negative
7.74
Negative
Market Momentum
-0.06
Negative
48.43
Neutral
53.92
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:BRES, the sentiment is Negative. The current price of 8.05 is above the 20-day moving average (MA) of 6.25, above the 50-day MA of 6.79, and above the 200-day MA of 7.74, indicating a neutral trend. The MACD of -0.06 indicates Negative momentum. The RSI at 48.43 is Neutral, neither overbought nor oversold. The STOCH value of 53.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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% | |
51 Neutral | £94.64M | -489.47 | -76.30% | ― | ― | ― | |
50 Neutral | £24.69M | -2.82 | -22.32% | ― | ― | 65.32% | |
46 Neutral | £12.75M | -2.77 | -14.52% | ― | ― | ― | |
45 Neutral | £31.58M | -7.97 | -19.76% | ― | ― | -327.78% | |
42 Neutral | £7.41M | -2.32 | -19.28% | ― | ― | ― |
* Basic Materials Sector Average
GB:BRES
Blencowe Resources Plc
6.30
-0.40
-5.97%
GB:POW
Power Metal Resources Plc
10.10
-2.90
-22.31%
GB:CRTM
Critical Metals Plc
93.00
83.00
830.00%
GB:BHL
Bradda Head Lithium Limited
1.30
-0.15
-10.34%
GB:CTL
CleanTech Lithium PLC
6.76
1.01
17.57%
Blencowe Resources Plc Corporate Events
Business Operations and StrategyExecutive/Board Changes
Blencowe reshapes board to tighten governance as Orom-Cross nears construction
Positive
Oct 12, 2026
Blencowe Resources has reshaped its board structure, with Executive Chairman Cameron Pearce resigning and non-executive director Sam Quinn assuming the role of Non-Executive Chairman. Interim Chief Executive Officer Iain Wearing, a veteran mining ...
Business Operations and StrategyExecutive/Board ChangesPrivate Placements and Financing
Blencowe Showcases Interim CEO and Orom-Cross Progress in New Investor Interview
Positive
Oct 8, 2026
Blencowe Resources has released a new investor interview with interim CEO Iain Wearing, highlighting his more than four decades of mining and project-development experience and long-standing involvement in the Orom-Cross Graphite Project. Wearing ...
Business Operations and StrategyExecutive/Board ChangesPrivate Placements and Financing
Blencowe Moves to Secure Funding and Leadership for Uganda Graphite Project
Positive
Sep 21, 2026
Blencowe Resources Plc has appointed Chief Operating Officer Iain Wearing as interim chief executive officer to provide continuity as it advances its Orom-Cross graphite project in Uganda. Wearing brings over 40 years of mine operations and projec...
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and Compliance
Blencowe Tightens Governance After Former CEO Disclosure Review
Neutral
Sep 16, 2026
Blencowe Resources Plc has issued a governance and compliance update reaffirming its commitment to robust corporate governance, regulatory adherence and clear communication with investors. The company highlighted its established share dealing poli...
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and Compliance
Blencowe CEO Resigns as Company Accelerates Search for Successor and Clarifies PDMR Dealings
Neutral
Sep 14, 2026
Blencowe Resources has announced the immediate resignation of Chief Executive Officer Mike Ralston, who will remain with the company on a full-time consultancy basis until his planned retirement at year-end to support Phase 1 funding and other key...
Business Operations and Strategy
Blencowe Resources Unveils New Website to Support Orom-Cross Graphite Strategy
Positive
Sep 11, 2026
Blencowe Resources has launched a new corporate website designed to give shareholders and prospective investors a clearer overview of the company, the Orom-Cross project and its strategy as it moves towards production. The site centralises updated...
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...
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.