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Bezant Resources
(LSE:BZT)
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Rating:42Neutral
Price Target:
0.11 p
â–¼(-21.43% Downside)
Action:Reiterated
Date:10/14/26
The score is primarily held down by weak financial performance—no revenue, ongoing operating losses, and consistent cash burn—despite relatively modest leverage. Technical indicators also lean bearish (below key short/intermediate moving averages with negative MACD and low RSI). Valuation provides limited support given a negative P/E and no dividend yield data.
Positive Factors
Modest leverage
Relatively low debt compared with equity limits balance-sheet strain and leaves more financial flexibility than a highly leveraged mining developer. This can help Bezant preserve resources for exploration, project advancement, or transactions while reducing exposure to heavy interest and refinancing burdens.
Negative Factors
No operating revenue
Persistent absence of revenue shows that Bezant has not yet established operating traction from its mineral projects. Continued negative EBIT means exploration and corporate costs are not being covered by business operations, leaving future progress dependent on asset transactions, funding, or eventual production.
Read all positive and negative factors
Positive Factors
Negative Factors
Modest leverage
Relatively low debt compared with equity limits balance-sheet strain and leaves more financial flexibility than a highly leveraged mining developer. This can help Bezant preserve resources for exploration, project advancement, or transactions while reducing exposure to heavy interest and refinancing burdens.
Read all positive factors
Bezant Resources (BZT) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£26.37M
Dividend Yield0.32%
Average Volume (3M)186.33M
Price to Earnings (P/E)―
Beta (1Y)0.89
Revenue GrowthN/A
EPS Growth-200.00%
CountryUK
Employees5
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding22,932,525,000
10 Day Avg. Volume158,214,548
30 Day Avg. Volume186,331,713
Financial Highlights & Ratios
PEG Ratio-0.06
Price to Book (P/B)2.22
Price to Sales (P/S)0.00
P/FCF Ratio-23.25
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
Bezant Resources Business Overview & Revenue Model
Company Description
Bezant Resources Plc is dedicated to the identification, assessment, and advancement of mineral resources. Its operations span multiple global regions, targeting a range of valuable commodities such as gold, silver, cobalt, manganese, and copper, ...
How the Company Makes Money
Bezant Resources makes money primarily through mineral project value creation rather than the sale of finished products, as exploration-stage and pre-production mining companies typically generate limited recurring operating revenue. Its main pote...
Bezant Resources Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
56
Neutral
Cash Flow
28
Negative
| Breakdown | Jun 2026 | Jun 2025 | Dec 2023 | Jun 2023 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -1.00K | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -761.00K | -934.00K | -5.82M | 1.44M | -1.26M |
| Net Income | 2.00M | -1.01M | -6.11M | 1.44M | -1.27M |
Balance Sheet | |||||
| Total Assets | 9.70M | 6.33M | 6.83M | 10.79M | 8.52M |
| Cash, Cash Equivalents and Short-Term Investments | 430.00K | 88.00K | 560.00K | 57.00K | 728.00K |
| Total Debt | 620.00K | 616.00K | 526.00K | 623.00K | 0.00 |
| Total Liabilities | 1.35M | 1.23M | 858.00K | 1.09M | 531.00K |
| Stockholders Equity | 8.35M | 5.10M | 5.97M | 9.71M | 8.00M |
Cash Flow | |||||
| Free Cash Flow | -799.00K | -555.00K | -973.00K | -1.34M | -1.64M |
| Operating Cash Flow | -777.00K | -555.00K | -612.00K | -368.00K | -837.00K |
| Investing Cash Flow | 38.00K | -372.00K | -361.00K | -1.05M | -801.00K |
| Financing Cash Flow | 1.08M | 455.00K | 1.29M | 743.00K | 1.24M |
Bezant Resources Technical Analysis
Neutral
0.14
Price Trends
0.15
Negative
0.14
Negative
0.12
Positive
Market Momentum
>-0.01
Positive
41.13
Neutral
48.15
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:BZT, the sentiment is Neutral. The current price of 0.14 is above the 20-day moving average (MA) of 0.13, below the 50-day MA of 0.15, and above the 200-day MA of 0.12, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 41.13 is Neutral, neither overbought nor oversold. The STOCH value of 48.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:BZT.
Bezant Resources 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 | £9.02M | -5.11 | -13.77% | ― | ― | -207.69% | |
47 Neutral | £20.85M | -7.76 | -12.58% | ― | ― | -3.57% | |
46 Neutral | £12.75M | -2.77 | -14.52% | ― | ― | ― | |
44 Neutral | £5.96M | -2.76 | -148.21% | ― | ― | 42.42% | |
43 Neutral | £16.25M | -11.99 | -9.15% | ― | ― | 71.43% | |
42 Neutral | £26.37M | -3.83 | -47.20% | 0.32% | ― | -200.00% |
* Basic Materials Sector Average
GB:BZT
Bezant Resources
0.12
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Bezant Resources Corporate Events
Business Operations and Strategy
Bezant Starts Commercial Output at Hope & Gorob Copper-Gold Mine
Positive
Oct 2, 2026
Bezant Resources has begun commercial production at its Hope Gorob copper-gold project, marking a shift from development to revenue-generating operations. Run-of-mine ore from the newly developed mine is now being processed at the Tsoaxaub Metals...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Bezant nears first production at Hope and Gorob after resource upgrade and ownership boost
Positive
Sep 30, 2026
Bezant Resources reported interim results marked by rapid progress at its Hope and Gorob copper‑gold project in Namibia, which is transitioning from development to production. Plant upgrades at the Tsoaxaub Metals Processing Plant have been ...
Business Operations and StrategyPrivate Placements and Financing
Bezant Resources Increases Share Capital After Warrant Exercise
Positive
Sep 25, 2026
Bezant Resources has issued and allotted 85,000,000 new ordinary shares following the exercise of warrants linked to fundraisings in December 2023 and December 2024, at prices of 0.06p and 0.04p per share respectively. The new shares will rank par...
Private Placements and FinancingRegulatory Filings and Compliance
Bezant expands share capital as 330 million warrants are exercised
Neutral
Sep 18, 2026
Bezant Resources has issued and allotted 330 million new ordinary shares following the exercise of warrants linked to prior fundraisings, with 290 million shares issued at 0.06p and 40 million at 0.04p. The warrant exercise shares will rank pari p...
Business Operations and StrategyPrivate Placements and Financing
Bezant Resources Boosts Share Capital With Warrant and Option Exercises
Neutral
Sep 10, 2026
Bezant Resources has expanded its share capital by issuing 85,852,531 new ordinary shares following the exercise of warrants and share options and the settlement of consultancy fees in equity. The move reflects continued participation by existing ...
Business Operations and Strategy
Bezant Nears First Production at Hope & Gorob as Life-of-Mine Potential Grows
Positive
Sep 3, 2026
Bezant Resources has reported steady progress in developing the Hope Gorob copper-gold project and the associated Tsoaxaub Metals Processing Plant in Namibia. Commissioning is advancing in line with schedule, with first run-of-mine ore expected t...
Business Operations and StrategyPrivate Placements and Financing
Bezant deepens Hartree partnership to fund NLZM plant and accelerate Namibian copper production
Positive
Sep 2, 2026
Bezant Resources has strengthened its strategic partnership with Hartree Metals LLC through a co-investment agreement that will fund accelerated payment arrangements for the NLZM Processing Plant via Tsaoxaub Metals. The deal removes security prev...
Business Operations and StrategyPrivate Placements and Financing
Bezant Accelerates NLZM Plant Ownership to Advance Hope & Gorob Copper Project
Positive
Aug 27, 2026
Bezant Resources has concluded an accelerated payment arrangement with CL US Minerals for the NLZM Processing Plant, which is being upgraded and repurposed to process copper preconcentrate from the Hope Gorob mine, with first concentrate producti...
Business Operations and StrategyShareholder Meetings
Bezant Resources Secures Shareholder Backing as All 2026 AGM Resolutions Pass
Positive
Aug 14, 2026
Bezant Resources Plc reported that all resolutions presented at its 2026 Annual General Meeting were duly passed by shareholders. The approval of the full AGM agenda provides board and management with a clear mandate to continue advancing the comp...
Business Operations and Strategy
Bezant marks key milestone with first blast at Hope & Gorob copper-gold project
Positive
Aug 13, 2026
Bezant Resources has completed the first production blast at the Hope open pit of its 90%-owned Hope Gorob copper-gold project in Namibia, firing a 20,000-tonne blast that is expected to yield about 2,000 tonnes of commercially viable mineralisat...
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and Compliance
Bezant Resources director retires as Hope and Gorob moves into mining phase
Neutral
Aug 3, 2026
Bezant Resources Plc has announced the retirement of director Edward Slowey, who has stepped down from the board of the company and its subsidiaries effective 31 July 2026, as the Hope and Gorob project moves from development into mining operation...
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.