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East Star Resources
(LSE:EST)
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Rating:48Neutral
Price Target:
7.00 p
▲(67.87% Upside)
Action:Reiterated
Date:09/06/26
The score is held down primarily by weak financial performance (no revenue, rising losses, and materially worse cash burn in 2025, plus increased leverage). Technicals provide the main offset, with strong upward momentum and price above key moving averages, but overbought signals raise downside risk. Valuation remains unattractive due to negative earnings (negative P/E) and no dividend support.
Positive Factors
Positive equity base
The company still has a positive equity base and a meaningful asset balance, providing some financial substance despite ongoing losses. This capital cushion may support continued operations and strategic execution, although its durability depends on stopping the reported erosion of equity.
Negative Factors
No operating revenue
Five consecutive annual periods without reported revenue indicate that the business has not yet established a commercial revenue base. This materially limits evidence of customer adoption, operating scale, or a self-sustaining business model over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Positive equity base
The company still has a positive equity base and a meaningful asset balance, providing some financial substance despite ongoing losses. This capital cushion may support continued operations and strategic execution, although its durability depends on stopping the reported erosion of equity.
Read all positive factors
East Star Resources (EST) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£40.15M
Dividend YieldN/A
Average Volume (3M)4.01M
Price to Earnings (P/E)―
Beta (1Y)1.17
Revenue GrowthN/A
EPS Growth-21.43%
CountryUK
Employees13
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding550,012,940
10 Day Avg. Volume10,527,494
30 Day Avg. Volume4,014,729
Financial Highlights & Ratios
PEG Ratio-0.21
Price to Book (P/B)5.66
Price to Sales (P/S)0.00
P/FCF Ratio-5.42
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
East Star Resources Business Overview & Revenue Model
Company Description
East Star Resources Plc specializes in the exploration and development of precious and industrial metals, such as gold, copper, and other base metals, across Kazakhstan. The company manages an extensive exploration initiative, encompassing five di...
East Star Resources Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
38
Negative
Cash Flow
18
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Nov 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -9.00K | -31.00K | -10.00K | -9.00K | 0.00 |
| EBITDA | -752.00K | -1.07M | -514.00K | -3.10M | -394.94K |
| Net Income | -2.30M | -1.10M | -1.53M | -3.10M | -421.21K |
Balance Sheet | |||||
| Total Assets | 4.43M | 3.27M | 2.93M | 3.94M | 1.94M |
| Cash, Cash Equivalents and Short-Term Investments | 442.00K | 678.00K | 635.00K | 1.46M | 1.25M |
| Total Debt | 1.71M | 0.00 | 0.00 | 0.00 | 840.00K |
| Total Liabilities | 1.99M | 116.00K | 115.00K | 127.00K | 139.11K |
| Stockholders Equity | 2.44M | 3.15M | 2.81M | 3.81M | 1.80M |
Cash Flow | |||||
| Free Cash Flow | -2.55M | -576.00K | -1.39M | -1.57M | -436.80K |
| Operating Cash Flow | -2.53M | -543.00K | -501.00K | -117.00K | -436.77K |
| Investing Cash Flow | -834.00K | -611.00K | -890.00K | -1.44M | -511.08K |
| Financing Cash Flow | 3.14M | 1.14M | 525.00K | 2.98M | 2.20M |
East Star Resources Technical Analysis
Positive
4.17
Price Trends
4.58
Positive
4.24
Positive
3.81
Positive
Market Momentum
0.72
Negative
76.38
Negative
80.48
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:EST, the sentiment is Positive. The current price of 4.17 is below the 20-day moving average (MA) of 4.89, below the 50-day MA of 4.58, and above the 200-day MA of 3.81, indicating a bullish trend. The MACD of 0.72 indicates Negative momentum. The RSI at 76.38 is Negative, neither overbought nor oversold. The STOCH value of 80.48 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:EST.
East Star 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% | |
48 Neutral | £40.15M | -14.31 | -81.02% | ― | ― | -21.43% | |
46 Neutral | £9.10M | -28.26 | -7.31% | ― | ― | ― | |
46 Neutral | £30.71M | -8.68 | 366.39% | ― | ― | -56.18% | |
44 Neutral | £1.11M | -1.58 | 60.23% | ― | ― | ― | |
44 Neutral | £481.80K | -1.38 | -80.63% | ― | ― | ― |
* Basic Materials Sector Average
GB:EST
East Star Resources
7.24
5.54
325.88%
GB:BIH
Boston International Holdings
0.30
-0.10
-25.00%
GB:BAY
Bay Capital Plc
12.75
9.00
240.00%
GB:ALK
Alkemy Capital Investments Plc
282.00
77.00
37.56%
GB:MII
Milton Capital PLC
0.22
-0.18
-45.00%
East Star Resources Corporate Events
Business Operations and Strategy
East Star Identifies New Geophysical Anomaly at Kazakh Snowy Gold Target
Positive
Sep 3, 2026
East Star Resources Plc has reported results from an induced polarisation survey over its Snowy Epithermal Target in central Kazakhstan, identifying a distinct east–west geophysical chargeability anomaly associated with a volcanic unit. The ...
Business Operations and Strategy
East Star lines up second Kazakhstan copper JV as Rulikha drilling cleared
Positive
Sep 1, 2026
East Star Resources has signed a binding heads of agreement with Nova to create a joint venture for the Rulikha copper project in East Kazakhstan, appointing local mine developer Orion as operator and securing a non-dilutive route to potential pro...
Business Operations and StrategyPrivate Placements and Financing
East Star advances fully funded Verkhuba copper JV as Xinhai completes initial investment
Positive
Aug 11, 2026
East Star Resources has reported progress at its Verkhuba copper deposit joint venture in Kazakhstan, where seven diamond drill holes totaling more than 1,350 metres have been completed as part of a resource conversion and feasibility-focused prog...
Business Operations and StrategyPrivate Placements and Financing
East Star Begins Fully Funded Drilling at Verkhuba Copper Joint Venture
Positive
Jul 9, 2026
East Star Resources has begun a roughly 5,000‑metre diamond drilling programme at the Verkhuba Copper Deposit in Kazakhstan under its joint venture with Hong Kong Xinhai Mining Services. The campaign, expected to last up to three months, is ...
Delistings and Listing ChangesRegulatory Filings and Compliance
East Star Resources Updates Share Capital and Voting Rights After Warrant Exercise
Neutral
Jun 30, 2026
East Star Resources has confirmed the admission of 446,538 new ordinary shares to trading on the London Stock Exchange’s Main Market, following the recent exercise of warrants. The new shares are fully fungible with existing stock, bringing ...
Delistings and Listing ChangesRegulatory Filings and Compliance
East Star Resources updates share admission and total voting rights
Neutral
Jun 30, 2026
East Star Resources has confirmed the admission of 446,538 new ordinary shares following the exercise of warrants, taking its total issued share capital to 550,012,922 ordinary shares fully fungible with existing stock. The shares are admitted to ...
Business Operations and StrategyPrivate Placements and Financing
East Star accelerates Verkhuba copper JV with Xinhai as drilling set to begin
Positive
Jun 24, 2026
East Star Resources has advanced its Verkhuba joint venture with Hong Kong Xinhai Mining Services by establishing Verkhuba Limited at the Astana International Financial Centre and receiving an initial A$500,000 funding tranche towards an estimated...
Business Operations and StrategyShareholder Meetings
East Star Shareholders Back Strategy as All AGM Resolutions Pass
Positive
Jun 15, 2026
East Star Resources, a Kazakhstan-focused gold and copper explorer and developer listed in London, is expanding its portfolio through multiple joint ventures and exploration targets. Its projects range from the Verkhuba polymetallic deposit and a ...
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.