Want to see GB:EST full AI Analyst Report?
Top Page
East Star Resources
(LSE:EST)
Select Model
Select Model
Rating:48Neutral
Price Target:
7.50 p
▲(79.86% Upside)
Action:Reiterated
Date:09/11/26
The score is held back primarily by weak financial performance (no revenue, persistent and worsening losses, and significantly higher 2025 cash burn) alongside rising balance sheet risk from new debt and declining equity. Technicals are a partial offset, with price well above major moving averages and positive MACD, but overbought readings (high RSI/Stoch) temper the technical contribution. Valuation remains unattractive/unclear given negative earnings (negative P/E) and no dividend yield data.
Positive Factors
Positive equity and asset base
Positive equity of 2.44m and assets of 4.43m give the company an existing balance-sheet base rather than a deficit position. That capital cushion can support continuity and potential investment, although its durability depends on stopping the subsequent erosion from losses.
Negative Factors
No established revenue base
Reporting no revenue across 2021–2025 indicates that the business has not yet established a monetized operating base. Without recurring sales, the company lacks demonstrated commercial traction and has limited evidence that future investment can translate into self-funded growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Positive equity and asset base
Positive equity of 2.44m and assets of 4.43m give the company an existing balance-sheet base rather than a deficit position. That capital cushion can support continuity and potential investment, although its durability depends on stopping the subsequent erosion from losses.
Read all positive factors
East Star Resources (EST) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£46.75M
Dividend YieldN/A
Average Volume (3M)5.97M
Price to Earnings (P/E)―
Beta (1Y)0.72
Revenue GrowthN/A
EPS Growth39.34%
CountryUK
Employees13
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding550,012,940
10 Day Avg. Volume2,433,949
30 Day Avg. Volume5,968,818
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 | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Nov 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -15.00K | -9.00K | -31.00K | -10.00K | -9.00K | 0.00 |
| EBITDA | -1.15M | -2.04M | -1.07M | -1.40M | -3.10M | -394.94K |
| Net Income | -1.77M | -2.30M | -1.10M | -1.53M | -3.10M | -421.21K |
Balance Sheet | ||||||
| Total Assets | 4.81M | 4.43M | 3.27M | 2.93M | 3.94M | 1.94M |
| Cash, Cash Equivalents and Short-Term Investments | 2.26M | 442.00K | 678.00K | 635.00K | 1.46M | 1.25M |
| Total Debt | 0.00 | 1.71M | 0.00 | 0.00 | 0.00 | 840.00K |
| Total Liabilities | 93.00K | 1.99M | 116.00K | 115.00K | 127.00K | 139.11K |
| Stockholders Equity | 4.72M | 2.44M | 3.15M | 2.81M | 3.81M | 1.80M |
Cash Flow | ||||||
| Free Cash Flow | -2.85M | -2.55M | -576.00K | -1.39M | -1.57M | -436.80K |
| Operating Cash Flow | -2.77M | -2.53M | -543.00K | -501.00K | -117.00K | -436.77K |
| Investing Cash Flow | -950.00K | -834.00K | -611.00K | -890.00K | -1.44M | -511.08K |
| Financing Cash Flow | 5.35M | 3.14M | 1.14M | 525.00K | 2.98M | 2.20M |
East Star Resources Technical Analysis
Positive
4.17
Price Trends
7.76
Positive
6.03
Positive
4.82
Positive
Market Momentum
-0.06
Positive
53.95
Neutral
72.66
Neutral
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 8.41, below the 50-day MA of 7.76, and below the 200-day MA of 4.82, indicating a bullish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 53.95 is Neutral, neither overbought nor oversold. The STOCH value of 72.66 is Neutral, 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 | £46.75M | -23.61 | -49.45% | ― | ― | 39.34% | |
46 Neutral | £10.68M | -29.90 | >-0.01% | ― | ― | ― | |
44 Neutral | £1.11M | -1.58 | 60.23% | ― | ― | ― | |
44 Neutral | £481.80K | -0.91 | -122.18% | ― | ― | ― | |
43 Neutral | £24.57M | -5.79 | 696.85% | ― | ― | -24.61% |
* Basic Materials Sector Average
GB:EST
East Star Resources
9.10
7.25
391.89%
GB:BIH
Boston International Holdings
0.30
-0.05
-14.29%
GB:BAY
Bay Capital Plc
15.25
10.75
238.89%
GB:ALK
Alkemy Capital Investments Plc
252.50
-45.00
-15.13%
GB:MII
Milton Capital PLC
0.22
-0.16
-42.11%
East Star Resources Corporate Events
Business Operations and Strategy
East Star begins fully carried drilling at Kazakhstan’s Rulikha copper project
Positive
Oct 6, 2026
East Star Resources has received all necessary approvals to begin drilling at its Rulikha Copper Project in Kazakhstan, operated through a joint venture with local partner Nova Ltd. A drill rig has been mobilised and operations started on 5 Octobe...
Business Operations and StrategyPrivate Placements and Financing
East Star accelerates Kazakhstan copper and gold JVs into execution phase
Positive
Sep 22, 2026
East Star Resources reported that in the first half of 2026 it shifted its Kazakhstan copper and gold partnership strategy from agreement to execution, with drilling now underway at the Verkhuba copper deposit under a fully funded joint venture wi...
Business Operations and Strategy
East Star and Endeavour JV Advances Gold Exploration in Kazakhstan
Positive
Sep 10, 2026
East Star Resources has provided an operational update on its gold exploration joint venture in northern Kazakhstan with Endeavour Exploration, a subsidiary of Endeavour Mining. Under the two-year Stage 1 earn-in, Endeavour can secure a 51% JV sta...
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...
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.