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ECR Minerals
(LSE:ECR)
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Rating:44Neutral
Price Target:
0.13 p
▼(-25.88% Downside)
Action:Reiterated
Date:10/29/26
The score is driven primarily by weak financial performance (no revenue, ongoing losses, and persistent cash burn), partially offset by the absence of reported debt. Technical indicators add further pressure, with price below all key moving averages and negative momentum. Valuation is difficult to support due to negative earnings and no provided dividend yield.
Positive Factors
Debt-Free Balance Sheet
The absence of reported debt reduces solvency and refinancing pressure, while broadly stable assets provide a base for continued exploration activity. This gives management more financial flexibility than a similarly loss-making company carrying material borrowings, although it does not remove the need to fund cash losses.
Negative Factors
No Revenue Generation
Zero reported revenue across every provided annual period shows that ECR has not yet established an operating income stream. Until exploration assets are monetized, partnered or brought into production, the company lacks recurring commercial revenue to support costs and validate its business model.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-Free Balance Sheet
The absence of reported debt reduces solvency and refinancing pressure, while broadly stable assets provide a base for continued exploration activity. This gives management more financial flexibility than a similarly loss-making company carrying material borrowings, although it does not remove the need to fund cash losses.
Read all positive factors
ECR Minerals (ECR) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£5.34M
Dividend YieldN/A
Average Volume (3M)16.27M
Price to Earnings (P/E)―
Beta (1Y)0.23
Revenue GrowthN/A
EPS GrowthN/A
CountryUK
Employees6
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding4,107,919,000
10 Day Avg. Volume21,471,615
30 Day Avg. Volume16,265,854
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)0.94
Price to Sales (P/S)0.00
P/FCF Ratio-5.73
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
ECR Minerals Business Overview & Revenue Model
Company Description
ECR Minerals plc, operating through its subsidiaries, focuses on the entire lifecycle of mineral projects, encompassing their identification, acquisition, exploration, and subsequent development. The company's portfolio includes three wholly-owned...
How the Company Makes Money
ECR Minerals does not primarily generate revenue from selling a manufactured product or providing recurring services; instead, it typically seeks to create value by acquiring mineral rights, funding and executing exploration programs, and progress...
ECR Minerals Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
52
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -33.91K | -12.41K | -62.14K | -132.00K | -104.00K | -51.82K |
| EBITDA | -1.37M | -1.24M | -1.12M | -1.64M | -2.51M | -1.41M |
| Net Income | -1.45M | -1.30M | -1.18M | -1.77M | -5.59M | -1.73M |
Balance Sheet | ||||||
| Total Assets | 7.29M | 5.31M | 5.34M | 5.17M | 6.06M | 7.86M |
| Cash, Cash Equivalents and Short-Term Investments | 1.20M | 324.67K | 281.37K | 92.85K | 887.97K | 3.01M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 169.85K | 144.32K | 95.33K | 154.10K | 206.68K | 202.73K |
| Stockholders Equity | 7.12M | 5.16M | 5.24M | 5.01M | 5.85M | 7.66M |
Cash Flow | ||||||
| Free Cash Flow | -1.86M | -849.01K | -1.10M | -2.13M | -2.68M | -4.02M |
| Operating Cash Flow | -1.80M | -849.01K | -714.53K | -1.18M | -918.13K | -1.37M |
| Investing Cash Flow | -568.10K | -5.08K | -137.89K | -434.88K | -1.69M | -2.65M |
| Financing Cash Flow | 2.06M | 898.00K | 1.15M | 858.00K | 464.06K | 5.51M |
ECR Minerals Technical Analysis
Negative
0.17
Price Trends
0.16
Negative
0.18
Negative
0.23
Negative
Market Momentum
>-0.01
Positive
8.83
Positive
40.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:ECR, the sentiment is Negative. The current price of 0.17 is above the 20-day moving average (MA) of 0.15, above the 50-day MA of 0.16, and below the 200-day MA of 0.23, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 8.83 is Positive, neither overbought nor oversold. The STOCH value of 40.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:ECR.
ECR Minerals 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% | |
50 Neutral | £13.22M | 14.61 | 6.50% | ― | ― | ― | |
44 Neutral | £5.34M | -3.25 | -23.57% | ― | ― | ― | |
44 Neutral | £6.54M | -33.45 | -0.55% | ― | ― | 77.01% | |
42 Neutral | £2.05M | -0.45 | -165.54% | ― | ― | 56.07% | |
41 Neutral | £7.97M | -1.02 | -38.99% | ― | -0.62% | 12.00% |
* Basic Materials Sector Average
GB:ECR
ECR Minerals
0.13
-0.09
-40.91%
GB:ORR
Oriole Resources PLC
0.27
-0.03
-10.00%
GB:CGNR
Conroy Gold and Natural Resources
7.00
-3.50
-33.33%
GB:GRL
Goldstone Resources
0.48
0.07
18.75%
GB:HAMA
Hamak Gold Limited
0.41
-0.90
-68.85%
ECR Minerals Corporate Events
Business Operations and Strategy
ECR Minerals Nears Gold Production as Maddens Plant Comes Online
Positive
Oct 16, 2026
ECR Minerals has reported significant operational progress at the Maddens Flat Group of Mines in North Queensland, where it holds a 50% interest, marking a key shift toward production. The underground decline at the Maddens hard rock mine is advan...
Business Operations and Strategy
ECR Minerals Uncovers Coarse Gold at Brothers Creek, Advancing Alluvial Testing in North Queensland
Positive
Oct 9, 2026
ECR Minerals has reported the discovery of multiple coarse gold nuggets, including a 12.3g specimen, from 26 prospecting sites across the Brothers Mining Licence area and surrounding creeks in North Queensland. The results point to elevated gold f...
Business Operations and StrategyPrivate Placements and Financing
ECR Minerals Links Maddens Project Deferred Payment to Gold Production
Positive
Sep 29, 2026
ECR Minerals has renegotiated the A$2 million deferred cash consideration tied to its 50% interest in the Maddens Gold Project, removing the fixed November 2026 payment deadline and instead linking settlement to proceeds from gold production and s...
Business Operations and StrategyExecutive/Board Changes
ECR Minerals bolsters Australian team as Maddens nears production
Positive
Sep 15, 2026
ECR Minerals has appointed veteran mining executive Mike McRae-Williams as Operations Manager for Australia, a move timed with the Maddens hard rock project in Northern Queensland nearing its production phase. McRae-Williams brings around 35 years...
Business Operations and Strategy
ECR Minerals Advances Maddens Underground Mine Toward First Gold Production
Positive
Sep 14, 2026
ECR Minerals, a UK-listed gold-focused exploration and development company, is expanding its Australian footprint through hard-rock and alluvial projects spanning Queensland, Victoria, South Australia and Western Australia. The company’s ass...
Business Operations and Strategy
ECR Minerals’ Lolworth Soil Results Broaden Gold Targets in North Queensland
Positive
Sep 9, 2026
ECR Minerals has reported highly encouraging soil sampling results from the 100%-owned Lolworth gold project in North Queensland, significantly refining its geological model. The programme, which returned 31 samples above 100 ppb gold with a peak ...
Business Operations and Strategy
ECR Minerals Uncovers New Gold-Bearing Reef at Maddens Mine
Positive
Sep 8, 2026
ECR Minerals has identified a new visible gold-bearing quartz reef, named Jack’s Reef, within the Maddens Mine ventilation development at its Maddens Gold Project in North Queensland. The structure is a consistent, foliation-parallel quartz ...
Business Operations and StrategyRegulatory Filings and Compliance
ECR Minerals Updates Total Voting Rights as Australian Gold Portfolio Advances
Neutral
Aug 28, 2026
ECR Minerals PLC, a gold-focused exploration and development company with multiple Australian subsidiaries, holds interests in projects ranging from the Maddens hard rock mine in Northern Queensland to the Salt Bush shallow open-cut project in Sou...
Business Operations and StrategyPrivate Placements and Financing
ECR Minerals secures up to A$3m joint venture funding for Creswick gold project
Positive
Aug 17, 2026
ECR Minerals has executed binding conditional farm-in and joint venture agreements with Australian explorer Bold Gold Resources for the Creswick Gold Project in Victoria, giving Bold Gold a pathway to earn up to an 80% interest by funding as much ...
Business Operations and StrategyPrivate Placements and Financing
ECR Minerals Upsizes Fundraise as Institutional Investor Boosts Backing
Positive
Aug 11, 2026
ECR Minerals has expanded its recent equity fundraising after an institutional investor increased its participation, adding £250,000 and bringing total gross proceeds to £886,250. The company will issue 506,428,572 new ordinary shares an...
Business Operations and StrategyPrivate Placements and Financing
ECR Minerals Raises £636,000 to Accelerate Maddens Gold Project Towards 2026 Production
Positive
Aug 10, 2026
ECR Minerals has raised approximately £636,250 through a discounted placing of 363.6 million new shares on AIM, with attached investor warrants, to fund accelerated development of its Maddens Gold Project in Northern Queensland. The capital w...
Business Operations and Strategy
ECR Minerals pushes Maddens Gold Project toward production in Queensland
Positive
Aug 5, 2026
ECR Minerals has reported significant progress at its Maddens Gold Project in Queensland, advancing both underground development at the Maddens mine and planned alluvial operations at the Brothers lease. The company is transitioning from pure expl...
Business Operations and Strategy
ECR Minerals launches major low-cost reconnaissance drive at Tuckanarra
Positive
Aug 3, 2026
ECR Minerals has launched a major multi-phase reconnaissance mapping and target-generation programme at its 80%-owned Tuckanarra Gold Project in Western Australia, positioned next to Odyssey Gold’s 407,000-ounce JORC resource. The initiative...
Business Operations and StrategyRegulatory Filings and Compliance
ECR Minerals sets total voting rights at 3.6 billion shares amid expanding Australian gold portfolio
Positive
Jul 31, 2026
ECR Minerals has confirmed that its issued share capital now comprises 3,601,490,394 ordinary shares of 0.001 pence each, with one voting right per share and no shares held in treasury. This disclosure sets the official total voting rights figure ...
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.