Alice Queen Ltd. (AU:AQX)
ASX:AQX
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Alice Queen Ltd.
(Sydney:AQX)
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Rating:45Neutral
Price Target:
AU$0.01
â–²(25.00% Upside)
Action:UpgradedDate:03/24/26
The score is primarily held back by persistent net losses and continued negative operating/free cash flow, which signal ongoing cash burn despite improving revenue. Technicals are broadly neutral with slightly negative momentum, and valuation support is limited because the company is loss-making and no dividend yield is available.
Positive Factors
Low leverage / balance sheet flexibility
Very low reported leverage (debt-to-equity ~0.03) materially reduces solvency and interest burden risk, giving management financial flexibility to fund exploration or restructure without immediate refinancing pressure. This durability supports project progression even amid cash burn.
Negative Factors
Persistent unprofitability
Material and recurring operating and net losses erode shareholder equity and signal the business has yet to achieve sustainable unit economics. Continued unprofitability limits reinvestment capacity, pressures returns, and increases reliance on external capital to fund operations and growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / balance sheet flexibility
Very low reported leverage (debt-to-equity ~0.03) materially reduces solvency and interest burden risk, giving management financial flexibility to fund exploration or restructure without immediate refinancing pressure. This durability supports project progression even amid cash burn.
Read all positive factors
Alice Queen Ltd. (AQX) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$17.32M
Dividend YieldN/A
Average Volume (3M)N/A
Price to Earnings (P/E)―
Beta (1Y)0.76
Revenue GrowthN/A
EPS Growth32.08%
CountryAU
Employees2
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding1,924,764,900
10 Day Avg. VolumeN/A
30 Day Avg. VolumeN/A
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)0.92
Price to Sales (P/S)102.11
P/FCF Ratio-0.93
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
Alice Queen Ltd. Business Overview & Revenue Model
Company Description
Alice Queen Limited engages in the exploration for and development of mineral properties in Australia. The company primarily explores for gold and copper deposits. Its flagship property is the Horn Island Gold project located in the Torres Strait,...
Alice Queen Ltd. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.74K | 33.82K | 5.77K | 3.29K | 105.00 | 247.05K |
| Gross Profit | -8.61K | 33.82K | 5.77K | -85.16K | -160.61K | 118.26K |
| EBITDA | -3.42M | -3.98M | -1.75M | -19.87M | -8.08M | -1.75M |
| Net Income | -3.57M | -4.14M | -2.21M | -17.24M | -7.58M | -1.86M |
Balance Sheet | ||||||
| Total Assets | 1.19M | 911.36K | 599.23K | 359.78K | 17.95M | 22.31M |
| Cash, Cash Equivalents and Short-Term Investments | 802.99K | 370.73K | 123.09K | 41.93K | 333.67K | 1.16M |
| Total Debt | 1.07M | 110.67K | 182.17K | 185.60K | 85.39K | 202.32K |
| Total Liabilities | 1.48M | 898.25K | 537.22K | 906.98K | 887.02K | 763.27K |
| Stockholders Equity | 3.49M | 3.75M | 3.74M | 3.09M | 17.88M | 21.70M |
Cash Flow | ||||||
| Free Cash Flow | -3.12M | -3.71M | -2.36M | -2.67M | -4.65M | -11.71M |
| Operating Cash Flow | -3.12M | -3.64M | -2.36M | -2.00M | -1.26M | -1.37M |
| Investing Cash Flow | 28.09K | -75.07K | 60.00K | -707.20K | -3.00M | -8.57M |
| Financing Cash Flow | 2.22M | 4.00M | 2.38M | 2.43M | 3.43M | 8.16M |
Alice Queen Ltd. 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% | |
45 Neutral | AU$17.32M | -1.52 | -98.65% | ― | ― | 32.08% | |
45 Neutral | AU$20.02M | 0.09 | 282.73% | ― | 20.65% | 80.26% | |
45 Neutral | AU$11.40M | -7.05 | -8.28% | ― | ― | 12.20% | |
45 Neutral | AU$6.44M | -3.69 | -22.17% | ― | ― | 0.81% | |
44 Neutral | AU$24.48M | -2.41 | -84.62% | ― | ― | -11.90% | |
42 Neutral | AU$10.29M | -5.81 | -32.43% | ― | ― | -17.78% |
* Basic Materials Sector Average
AU:AQX
Alice Queen Ltd.
0.01
0.00
0.00%
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Alice Queen Ltd. Corporate Events
Alice Queen Releases Interim Half-Year 2025 Financial Report
Mar 13, 2026
Alice Queen Limited has released its interim financial report for the half-year ended 31 December 2025, covering the consolidated performance and financial position of the company and its controlled entities. The report includes directors’ c...
Alice Queen investor FINICO Pty Ltd loses substantial holder status after major share issues
Feb 22, 2026
Alice Queen Ltd has disclosed that FINICO Pty Ltd, as trustee for The Morris Family Account, has ceased to be a substantial shareholder in the company. The notice identifies FINICO’s holding as having been diluted by two large share issues u...
Alice Queen Seeks ASX Quotation for 10 Million New Options
Feb 11, 2026
Alice Queen Limited has applied for quotation on the ASX of 10,000,000 options under the code AQXO, with an expiry date of June 30, 2028, and an issue date of February 11, 2026. The options form part of previously announced transactions, indicatin...
Alice Queen Seeks ASX Quotation for 220 Million New Shares
Feb 11, 2026
Alice Queen Limited has applied for quotation on the ASX of 220 million new ordinary fully paid shares, dated 11 February 2026, under its existing issuer code AQX. The move significantly expands the company’s quoted share base, potentially b...
Alice Queen outlines major options offers to boost equity liquidity
Feb 11, 2026
Alice Queen Limited has lodged a prospectus detailing a series of offers for new listed options and a small share issue, primarily targeting existing stakeholders such as holders of unsecured convertible notes, placement participants, its corporat...
Alice Queen Plans Major Share and Option Issue to Expand Capital Base
Feb 10, 2026
Alice Queen Limited has notified the ASX of a proposed capital raising via a placement or similar issue structure, planning to issue up to 70,000,000 ordinary fully paid shares and 35,000,000 options expiring on 30 June 2028. The new securities, e...
Alice Queen Upsizes Placement Tranche to Fund Horn Island and Fiji Gold Work
Feb 10, 2026
Alice Queen Limited has secured binding commitments from unrelated investors for an additional $280,000 as part of an upsized second tranche of a previously announced placement. This funding is in addition to a $510,894.27 subscription from substa...
Alice Queen to Convert All Convertible Notes into 200 Million Shares
Feb 5, 2026
Alice Queen Limited has received a notice to convert all outstanding convertible notes into fully paid ordinary shares at a price of $0.005 per share, in line with the note terms previously disclosed to the market. The conversion, which will see 2...
Alice Queen shareholders back all capital-raising and option resolutions at general meeting
Jan 30, 2026
Alice Queen Limited has reported the outcomes of its general meeting held on 30 January 2026, at which shareholders voted on a series of ordinary resolutions relating primarily to the ratification of prior share issues and the approval of new secu...
Alice Queen Revisits Horn Island Economics as Gold Price Surges
Jan 30, 2026
Alice Queen has launched a strategic reassessment of its Horn Island Gold Project after a sharp rise in the gold price since the 2021 Scoping Study, which was based on A$2,450/oz and delivered a Net Present Value (NPV5%) of A$140 million. The comp...
Alice Queen Shares Reinstated to Trading on ASX After Price Query
Jan 19, 2026
Alice Queen Limited (ASX: AQX) has had the suspension of trading in its securities on the ASX lifted, allowing its shares to resume quotation. The reinstatement follows the company’s response to a price query from the exchange, signalling th...
Alice Queen Says No Undisclosed News Behind Share Price Surge
Jan 19, 2026
Alice Queen Limited has told the ASX it is not aware of any undisclosed information that would explain the recent sharp rise in its share price and trading volumes. The company suggested recent market interest may be linked to its ongoing work at ...
ASX Suspends Trading in Alice Queen Shares Over Compliance Concerns
Jan 16, 2026
The Australian Securities Exchange has suspended trading in Alice Queen Limited shares after determining the company could not adequately respond to regulatory queries. The halt will remain in place until the exchange is satisfied that Alice Queen...
Alice Queen Plans Large Option Issue to Expand Capital Base
Dec 30, 2025
Alice Queen Limited has notified the ASX of its intention to undertake a new securities issue via a placement or similar mechanism, as outlined in an Appendix 3B filing. The company plans to issue up to 83,081,000 options, each expiring on 30 June...
Alice Queen Plans Issue of 10 Million Long-Dated Options
Dec 30, 2025
Alice Queen Limited has lodged a notice with the ASX outlining a proposed issue of new options, but the release provides no additional information about its industry, operations or core business activities. The company plans to issue up to 10 mill...
Alice Queen Calls January 2026 General Meeting in Melbourne
Dec 30, 2025
Alice Queen Limited has convened a general meeting of shareholders to be held on 30 January 2026 at 11am in Melbourne, specifying 454 Collins Street as the venue. The notice outlines that shareholders will consider a series of proposed resolutions...
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.