Akora Resources Ltd. (AU:AKO)
ASX:AKO
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Akora Resources Ltd.
(Sydney:AKO)
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Rating:45Neutral
Price Target:
AU$0.08
â–¼(-1.25% Downside)
Action:Reiterated
Date:05/11/26
The score is primarily held back by weak financial performance (zero revenue in 2025, ongoing losses, and negative free cash flow), despite a clean, debt-free balance sheet. Technicals also detract due to a downtrend and negative momentum indicators. Valuation provides limited support because losses make the P/E less meaningful and no dividend yield is available.
Positive Factors
Debt-free balance sheet
Zero reported debt and a debt-to-equity ratio of 0 provide durable financial flexibility: the company can pursue exploration and development without immediate interest burdens, lowering insolvency risk and preserving capacity to raise project capital on better terms over the next 2–6 months.
Negative Factors
No recent revenue; pre-commercial stage
The firm remains pre-commercial with revenue effectively at zero, meaning project value is highly contingent on successful resource advancement, permitting and development. Absent revenue, operating leverage is limited and execution risks drive long‑term value outcomes over months.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Zero reported debt and a debt-to-equity ratio of 0 provide durable financial flexibility: the company can pursue exploration and development without immediate interest burdens, lowering insolvency risk and preserving capacity to raise project capital on better terms over the next 2–6 months.
Read all positive factors
Akora Resources Ltd. (AKO) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$14.88M
Dividend YieldN/A
Average Volume (3M)165.66K
Price to Earnings (P/E)―
Beta (1Y)0.59
Revenue GrowthN/A
EPS Growth33.33%
CountryAU
Employees10
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.02
Shares Outstanding193,249,710
10 Day Avg. Volume174,451
30 Day Avg. Volume165,660
Financial Highlights & Ratios
PEG Ratio0.20
Price to Book (P/B)0.79
Price to Sales (P/S)0.00
P/FCF Ratio-6.32
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
Akora Resources Ltd. Business Overview & Revenue Model
Company Description
AKORA Resources Limited engages in the exploration and development of iron ore projects in Madagascar. The company's flagship project is the Bekisopa property that consists of three granted research permits and one granted small scale mining permi...
How the Company Makes Money
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Akora Resources Ltd. Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
62
Positive
Cash Flow
28
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 19.27K | 10.56K | 148.00 | 78.00 |
| Gross Profit | 0.00 | 19.27K | 10.56K | -4.68K | -5.41K |
| EBITDA | -1.99M | -2.20M | -1.30M | -1.50M | -1.16M |
| Net Income | -1.99M | -2.20M | -1.59M | -1.50M | -1.08M |
Balance Sheet | |||||
| Total Assets | 15.74M | 13.91M | 11.27M | 9.63M | 8.29M |
| Cash, Cash Equivalents and Short-Term Investments | 1.10M | 663.00K | 1.32M | 724.08K | 1.05M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 197.33K | 363.38K | 176.66K | 189.22K | 629.13K |
| Stockholders Equity | 15.54M | 13.54M | 11.09M | 9.44M | 7.66M |
Cash Flow | |||||
| Free Cash Flow | -1.93M | -4.75M | -2.83M | -3.59M | -4.12M |
| Operating Cash Flow | -1.93M | -1.58M | -1.40M | -1.39M | -1.12M |
| Investing Cash Flow | -1.36M | -3.16M | -1.42M | -2.20M | -3.00M |
| Financing Cash Flow | 3.78M | 4.09M | 3.42M | 3.27M | 290.62K |
Akora Resources Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
AU:AKO
Akora Resources Ltd.
0.08
-0.03
-26.21%
DE:6HS
Horseshoe Metals Limited
0.01
<0.01
30.00%
DE:3B4
Buxton Resources Limited
0.02
0.01
109.09%
AU:LML
Lincoln Minerals Limited
0.01
<0.01
9.09%
AU:AMU
GTI Resources Ltd
0.09
-0.03
-24.39%
Akora Resources Ltd. Corporate Events
Akora Resources Raises $1.59m via Share Placement to Fund Growth
May 11, 2026
Akora Resources has raised approximately $1.59 million through the issue of 19,885,000 new ordinary shares at $0.08 each to sophisticated and professional investors. The placement, conducted under the company’s existing ASX Listing Rule 7.1 ...
Akora Resources Seeks ASX Quotation for Nearly 20 Million New Shares
May 11, 2026
Akora Resources Ltd. has applied for quotation on the ASX of 19,885,000 new ordinary fully paid shares, expanding its listed capital under the ticker AKO. The newly issued securities, effective 11 May 2026, are part of previously flagged transacti...
Akora trims executive performance rights after shareholder pushback
May 8, 2026
Akora Resources has revised its proposed incentive arrangements ahead of its 29 May annual general meeting, cutting the total number of performance rights under its incentive plan from 40 million to 30 million. The allocation to key executives Pet...
Akora Resources Launches A$1.7m Entitlement Offer With Control Safeguards
May 4, 2026
Akora Resources has launched a non-renounceable entitlement offer to existing shareholders, providing one new fully paid ordinary share for every nine shares held at an issue price of A$0.08 per share, aiming to raise up to A$1.7 million.The offer...
Akora Resources Plans Non-Renounceable Pro Rata Share Issue to Raise Capital
May 4, 2026
Akora Resources Ltd. has announced a proposed non-renounceable pro rata issue of up to 21,534,416 ordinary fully paid shares, as outlined in its Appendix 3B filing with the ASX. The new shares are scheduled around an ex-date of 11 May 2026, a reco...
Akora Resources Plans New Share Placement on ASX
May 4, 2026
Akora Resources Limited has disclosed plans for a new equity issue on the ASX, proposing to issue up to 19,885,000 ordinary fully paid shares under a placement or similar structure. The securities are expected to be issued on May 11, 2026, with th...
Akora Extends High-Grade Iron Ore at Bekisopa and Secures Mining Permit
Apr 30, 2026
Akora Resources continued to advance its Bekisopa high-grade iron ore project in Madagascar during the March 2026 quarter, expanding its understanding of the resource through targeted trenching. The company aims to leverage the project’s low...
Akora Resources Seeks Trading Halt Ahead of Proposed Equity Raising
Apr 30, 2026
Akora Resources Limited has requested a trading halt in its securities on the ASX, effective 30 April 2026, as it prepares an announcement regarding a proposed equity raising. The halt will remain in place until either the announcement is released...
Akora Resources Sets Fully Virtual AGM for May 2026
Apr 29, 2026
Akora Resources has called its 2026 Annual General Meeting for 29 May as a fully virtual event, scheduled to begin at 12.00 p.m. AEST. The company will mail the notice to investors who requested hard copies, while others can access the meeting mat...
Akora Resources Files Updated Corporate Governance Statement With ASX
Mar 31, 2026
Akora Resources Limited has confirmed that its corporate governance statement for the year ended 31 December 2025 is available on its website, in compliance with ASX Listing Rules. The statement, approved by the board as at 30 March 2026, outlines...
Akora Resources Publishes 2025 Annual Report Detailing Operations and Financials
Mar 31, 2026
Akora Resources has released its 2025 annual report for the year ended 31 December 2025, providing shareholders with a comprehensive overview of its operations, financial performance and governance. The report includes a chairman’s letter, r...
Akora Resources to Showcase Bekisopa Iron Ore Strategy at MiningNews Select
Mar 10, 2026
Akora Resources has announced that Managing Director and CEO Peter Bird will present the company’s strategy and project portfolio at the MiningNews Select conference in Sydney on 11 March 2026. The appearance comes as the company advances ne...
Akora Wins 25-Year Mining Permit for Bekisopa Iron Ore Project in Madagascar
Mar 3, 2026
Akora Resources has secured a 25-year mining permit for its Bekisopa high-grade iron ore project in Madagascar, marking a major regulatory milestone that enables the transition from exploration to development. The permit covers both the Stage One ...
Akora Extends High-Grade Iron Ore Footprint at Madagascar’s Bekisopa Project
Feb 25, 2026
Akora Resources has extended high-grade iron mineralisation at its Bekisopa project in Madagascar, with 339 metres of trenching between the existing South and Central resource zones confirming easily accessible direct shipping ore. All eight trenc...
Akora to Showcase Bekisopa Iron Ore Strategy at Mining Indaba
Feb 11, 2026
Akora Resources’ managing director and CEO Peter Bird is set to present the company’s strategy and project portfolio at the Mining Indaba Conference in Cape Town, highlighting its progress on high-grade iron ore assets in Madagascar. T...
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.