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Keras Resources
(LSE:KRS)
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Rating:46Neutral
Price Target:
2.00 p
▲(42.86% Upside)
Action:Reiterated
Date:09/17/26
The score is held down primarily by weak financial performance—persistent losses, ongoing cash burn, and a significantly weakened balance sheet in the latest year. Technicals are supportive in the near term with price above key moving averages and a positive MACD, but the extremely overbought RSI materially increases pullback risk. Valuation provides limited support due to negative earnings and no dividend yield provided.
Positive Factors
Improving Operating Performance
The move to slightly positive EBITDA and near-breakeven EBIT indicates some improvement in underlying operations despite continued losses. If maintained, this progress could provide a foundation for better cost absorption and eventual profitability as projects advance.
Negative Factors
Persistent Losses and Volatile Revenue
Recurring net losses and highly volatile revenue indicate that the business has not yet established a dependable earnings base. The sharp 2025 decline increases uncertainty around scale and makes future project funding, operating planning, and progress toward sustainable profitability more difficult.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Operating Performance
The move to slightly positive EBITDA and near-breakeven EBIT indicates some improvement in underlying operations despite continued losses. If maintained, this progress could provide a foundation for better cost absorption and eventual profitability as projects advance.
Read all positive factors
Keras Resources (KRS) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£3.73M
Dividend YieldN/A
Average Volume (3M)394.87K
Price to Earnings (P/E)―
Beta (1Y)-0.04
Revenue Growth29.96%
EPS Growth-292.42%
CountryUK
Employees5
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.03
Shares Outstanding201,873,050
10 Day Avg. Volume256,446
30 Day Avg. Volume394,871
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)3.68
Price to Sales (P/S)1.08
P/FCF Ratio-2.18
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
Keras Resources Business Overview & Revenue Model
Company Description
Keras Resources Plc is a mineral resources enterprise primarily engaged in the discovery, assessment, and advancement of mining properties across West Africa. The company maintains full ownership of the Diamond Creek phosphate project, situated in...
Keras Resources Financial Statement Overview
Summary
Income Statement
32
Negative
Balance Sheet
28
Negative
Cash Flow
22
Negative
| Breakdown | Jun 2026 | Jun 2025 | Dec 2023 | Jun 2023 | Sep 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.44M | 1.12M | 916.00K | 994.00K | 342.00K |
| Gross Profit | 996.00K | 294.00K | 530.00K | 731.00K | 39.00K |
| EBITDA | 78.00K | -460.00K | -157.00K | -504.00K | -998.40K |
| Net Income | -3.28M | -753.00K | -475.00K | -1.08M | -880.00K |
Balance Sheet | |||||
| Total Assets | 3.20M | 6.15M | 4.73M | 6.68M | 5.91M |
| Cash, Cash Equivalents and Short-Term Investments | 153.00K | 249.00K | 185.00K | 207.00K | 166.00K |
| Total Debt | 2.13M | 2.00M | 0.00 | 126.00K | 219.00K |
| Total Liabilities | 2.78M | 3.20M | 1.54M | 2.90M | 2.63M |
| Stockholders Equity | 424.00K | 2.95M | 3.18M | 3.93M | 3.05M |
Cash Flow | |||||
| Free Cash Flow | -717.00K | -1.54M | -567.00K | -921.00K | -1.32M |
| Operating Cash Flow | -485.00K | -261.00K | -567.00K | -921.00K | -189.00K |
| Investing Cash Flow | -880.00K | -2.11M | 1.01M | -286.00K | -1.58M |
| Financing Cash Flow | 1.17M | 2.46M | -468.00K | 1.27M | 1.48M |
Keras Resources Technical Analysis
Positive
1.40
Price Trends
1.59
Positive
1.59
Positive
1.50
Positive
Market Momentum
0.09
Positive
64.83
Neutral
41.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:KRS, the sentiment is Positive. The current price of 1.4 is below the 20-day moving average (MA) of 1.87, below the 50-day MA of 1.59, and below the 200-day MA of 1.50, indicating a neutral trend. The MACD of 0.09 indicates Positive momentum. The RSI at 64.83 is Neutral, neither overbought nor oversold. The STOCH value of 41.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:KRS.
Keras 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 | £1.45M | -0.07 | -161.13% | ― | ― | -50.00% | |
47 Neutral | £14.47M | -3.70 | -12.12% | ― | ― | 74.12% | |
47 Neutral | £1.55M | 2.50 | 57.28% | ― | ― | ― | |
46 Neutral | £3.73M | -0.50 | -490.38% | ― | 29.96% | -292.42% | |
46 Neutral | £1.67M | -3.31 | -19.42% | ― | -100.00% | ― | |
37 Underperform | £1.85M | -0.26 | -53.03% | ― | ― | ― |
* Basic Materials Sector Average
GB:KRS
Keras Resources
1.85
0.35
23.33%
GB:RRR
Red Rock Resources
0.02
-0.02
-54.29%
GB:SRES
Sunrise Resources
0.01
-0.02
-53.33%
GB:GWMO
Great Western Mining
3.30
1.78
116.39%
GB:CHF
Chesterfield Resources Plc
0.83
-0.18
-17.50%
GB:BMV
Bluebird Merchant Ventures
0.05
-0.58
-92.74%
Keras Resources Corporate Events
Business Operations and StrategyExecutive/Board ChangesFinancial DisclosuresM&A TransactionsPrivate Placements and Financing
Keras Resources to Shed U.S. Phosphate Assets and Pivot to Namibian Copper
Positive
Sep 14, 2026
Keras Resources plc has outlined a strategic pivot from its U.S. phosphate operations towards copper exploration in Namibia, following investment and development at the Diamond Creek mine and continued royalty income from the Nayéga manganese...
Business Operations and StrategyExecutive/Board ChangesM&A TransactionsPrivate Placements and Financing
Keras pivots to Namibian copper with Cornerstone deal and U.S. asset sale
Positive
Sep 14, 2026
Keras Resources is repositioning itself as a copper-focused miner with a renewed African emphasis, pivoting away from its Utah phosphate operations toward exploration and development assets in Namibia’s Kaoko Copper Belt. The company plans t...
Business Operations and StrategyExecutive/Board ChangesDelistings and Listing ChangesFinancial Disclosures
Keras Resources delays 2025 results as deal talks continue and changes company secretary
Negative
Jul 30, 2026
Keras Resources plc has delayed publication of its audited annual results for the year ended 31 December 2025, extending the timetable as it advances discussions on two potential transactions that will influence the accounts. Trading in its shares...
Business Operations and StrategyDelistings and Listing ChangesFinancial DisclosuresRegulatory Filings and Compliance
Keras Resources Delays Annual Results as Strategic Deal Talks Prompt AIM Share Suspension
Negative
Jun 30, 2026
Keras Resources plc has delayed publication of its audited annual results for the year ended 31 December 2025 as it is in advanced discussions over two potential transactions that could affect disclosures in its accounts. Because the report will n...
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.