Helix Exploration Plc (GB:HEX)
LSE:HEX
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Helix Exploration Plc
(LSE:HEX)
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Rating:56Neutral
Price Target:
35.00 p
▼(-5.41% Downside)
Action:N/A
Date:03/28/26
The score is held back primarily by weak financial performance (no revenue, continued losses, and worsening cash burn despite a debt-free balance sheet). Technicals are a key offset, with a strong uptrend and positive momentum. Valuation remains constrained by losses and the absence of a dividend yield.
Positive Factors
Debt-free balance sheet
Zero debt is a durable financial strength: it reduces refinancing and interest risk, preserves flexibility to fund multi-year exploration cycles, and gives management optionality on capital structure decisions during prolonged development phases.
Negative Factors
No revenue
Absence of revenue is a structural weakness: the business model remains unproven commercially, there is no operating cash generation, and long-term sustainability depends entirely on successful exploration outcomes or continued external funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Zero debt is a durable financial strength: it reduces refinancing and interest risk, preserves flexibility to fund multi-year exploration cycles, and gives management optionality on capital structure decisions during prolonged development phases.
Read all positive factors
Helix Exploration Plc (HEX) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£64.52M
Dividend YieldN/A
Average Volume (3M)1.43M
Price to Earnings (P/E)―
Beta (1Y)0.53
Revenue GrowthN/A
EPS Growth71.93%
CountryUK
Employees4
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding195,502,400
10 Day Avg. Volume1,237,946
30 Day Avg. Volume1,430,866
Financial Highlights & Ratios
PEG Ratio0.74
Price to Book (P/B)2.68
Price to Sales (P/S)0.00
P/FCF Ratio-7.71
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
Helix Exploration Plc Business Overview & Revenue Model
Company Description
Helix Exploration Plc focuses on the development and extraction of modest natural gas reserves, with The Montana Helium Fairway being a key project. The company was established by Wheeler Moore Sears on September 23, 2023, and is based in London, ...
How the Company Makes Money
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Helix Exploration Plc Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
24
Negative
| Breakdown | Sep 2025 | Sep 2024 |
|---|---|---|
Income Statement | ||
| Total Revenue | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 |
| EBITDA | -1.86M | -2.17M |
| Net Income | -1.86M | -2.17M |
Balance Sheet | ||
| Total Assets | 16.78M | 9.15M |
| Cash, Cash Equivalents and Short-Term Investments | 2.73M | 4.96M |
| Total Debt | 0.00 | 0.00 |
| Total Liabilities | 938.00K | 465.00K |
| Stockholders Equity | 15.84M | 8.69M |
Cash Flow | ||
| Free Cash Flow | -5.51M | -2.33M |
| Operating Cash Flow | -1.82M | -401.00K |
| Investing Cash Flow | -9.33M | -1.93M |
| Financing Cash Flow | 8.94M | 7.37M |
Helix Exploration 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% | |
56 Neutral | £64.52M | -33.12 | -13.02% | ― | ― | 71.93% | |
46 Neutral | £45.58M | 208.65 | 2.71% | ― | ― | ― | |
45 Neutral | £13.56M | -7.14 | ― | ― | ― | 57.14% | |
45 Neutral | £6.83M | -1.07 | -2060.64% | ― | ― | -5.22% | |
42 Neutral | £15.24M | -27.98 | -10.00% | ― | ― | 50.00% |
* Basic Materials Sector Average
GB:HEX
Helix Exploration Plc
33.50
8.75
35.35%
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GB:FMET
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89.47%
Helix Exploration Plc Corporate Events
Business Operations and StrategyM&A Transactions
Helix Exploration buys Treasure State Drilling to secure rig and cut Rudyard costs
Positive
Jun 8, 2026
Helix Exploration PLC has agreed to acquire Montana-based Treasure State Drilling LLC for US$600,000, paid entirely in new shares, securing ownership of the drilling rig that has drilled all its existing Rudyard wells. The deal, struck at a discou...
Business Operations and Strategy
Helix isotope data point to deep reservoir and potential underground argon source at Rudyard
Positive
Jun 2, 2026
Helix Exploration has reported independent noble gas isotope analyses from its three producing wells and processed gas stream at the Rudyard Helium Project, confirming unusually high helium‑3 to helium‑4 ratios and consistent signature...
Business Operations and StrategyShareholder Meetings
Helix Exploration Wins Full Shareholder Backing at AGM to Advance Montana Helium Project
Positive
May 29, 2026
Helix Exploration PLC reported that all resolutions were duly passed at its Annual General Meeting held on 28 May 2026, confirming shareholder support for the company’s current strategy and governance. The outcome underpins management’...
Business Operations and Strategy
Helix Exploration Starts Inez #1 Re-entry to Boost Rudyard Helium Output
Positive
May 26, 2026
Helix Exploration PLC has begun re-entry operations at its Inez #1 well in the Rudyard Helium Project in northern Montana, with the rig on site and the wellbore already re-entered. The company plans to bring the Inez #1 well into production from t...
Business Operations and Strategy
Helix Exploration Secures First Helium Sales Deal at Montana Rudyard Project
Positive
May 20, 2026
Helix Exploration PLC has secured its first revenue-generating helium sales arrangement for production from its Rudyard project in northern Montana, marking its transition from explorer to commercial producer. The short-term spot deal with a large...
Business Operations and StrategyShareholder Meetings
Helix Exploration Sets Hybrid AGM as It Advances Montana Helium Project
Positive
Apr 24, 2026
Helix Exploration PLC has called its Annual General Meeting for 28 May 2026 in London and has circulated the notice to shareholders, with the documentation also available on its website. The helium-focused AIM- and OTCQB-quoted company will comple...
Business Operations and Strategy
Helix Exploration Joins US Air Force Geologic Hydrogen Energy Resilience Initiative
Positive
Apr 20, 2026
Helix Exploration PLC has been selected by Renaissance Philanthropy’s Chimaera Fund as a core commercial partner in the Air Force Geologic Hydrogen Energy Resilience Initiative, a programme examining whether naturally occurring hydrogen can ...
Business Operations and StrategyDelistings and Listing ChangesPrivate Placements and Financing
Helix Exploration marks first helium production in Montana after transformational year
Positive
Mar 26, 2026
Helix Exploration has transitioned from explorer to producer after a transformational year capped by the start of helium production at its Rudyard Project in Montana. Successful testing of the Linda #1, Weil #1 and Inez #1 wells confirmed strong r...
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.