Ardea Resources Ltd. (AU:ARL)
ASX:ARL
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Ardea Resources
(Sydney:ARL)
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Rating:44Neutral
Price Target:
AU$0.50
▼(-28.57% Downside)
Action:ReiteratedDate:03/04/26
The score is held down primarily by weak profitability and negative cash flow despite strong revenue growth, alongside soft technicals with the price below key moving averages. Valuation is also constrained by losses (negative P/E) and the absence of a dividend.
Positive Factors
Large nickel‑cobalt resource base
A large, well-defined nickel‑cobalt resource at KNP provides durable strategic optionality: it underpins long‑term development economics, attracts offtake/partner interest, and offers scale benefits for future processing and battery‑metals supply commitments over multi‑year timelines.
Negative Factors
Ongoing unprofitability
Persistent operating losses mean the business cannot self‑fund development or sustain operating costs from profits. Continued negative margins increase dependency on external capital and raise execution risk for taking projects from resource stage to producing asset over the next several quarters to years.
Read all positive and negative factors
Positive Factors
Negative Factors
Large nickel‑cobalt resource base
A large, well-defined nickel‑cobalt resource at KNP provides durable strategic optionality: it underpins long‑term development economics, attracts offtake/partner interest, and offers scale benefits for future processing and battery‑metals supply commitments over multi‑year timelines.
Read all positive factors
Ardea Resources (ARL) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$116.15M
Dividend YieldN/A
Average Volume (3M)98.28K
Price to Earnings (P/E)―
Beta (1Y)1.07
Revenue GrowthN/A
EPS Growth58.54%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.01
Shares Outstanding219,147,450
10 Day Avg. Volume91,661
30 Day Avg. Volume98,276
Financial Highlights & Ratios
PEG Ratio0.42
Price to Book (P/B)1.21
Price to Sales (P/S)22.29
P/FCF Ratio-1.54
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
Ardea Resources Business Overview & Revenue Model
Company Description
Ardea Resources Limited engages in the evaluation, exploration, and development of mineral properties in Australia. The company explores for nickel, cobalt, scandium, gold, PGEs, and copper deposits. It holds 100% interest in Kalgoorlie Nickel Pro...
How the Company Makes Money
Ardea Resources’ potential monetisation is primarily tied to advancing its mineral assets (notably the Kalgoorlie Nickel Project) toward development and/or transaction outcomes. The company’s revenue model is not based on selling finished products...
Ardea Resources Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
55
Neutral
Cash Flow
40
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.62M | 3.68M | 322.36K | 75.12K | 22.24K | 146.85K |
| Gross Profit | 3.59M | 3.68M | 322.36K | -163.20K | -118.52K | 54.76K |
| EBITDA | -2.18M | -3.35M | -7.45M | -4.00M | -5.19M | -2.21M |
| Net Income | -1.65M | -3.26M | -7.71M | -4.24M | -5.33M | -2.30M |
Balance Sheet | ||||||
| Total Assets | 143.79M | 125.37M | 59.78M | 47.78M | 50.60M | 36.10M |
| Cash, Cash Equivalents and Short-Term Investments | 11.64M | 14.68M | 14.85M | 10.65M | 22.02M | 5.69M |
| Total Debt | 23.70M | 49.72M | 1.24M | 153.60K | 280.29K | 51.79K |
| Total Liabilities | 28.99M | 57.74M | 4.61M | 1.92M | 1.59M | 812.07K |
| Stockholders Equity | 98.25M | 67.63M | 55.17M | 45.87M | 49.01M | 35.29M |
Cash Flow | ||||||
| Free Cash Flow | -36.57M | -53.39M | -11.63M | -13.31M | -10.34M | -10.14M |
| Operating Cash Flow | -4.23M | -6.12M | -4.14M | -1.37M | -2.07M | -554.67K |
| Investing Cash Flow | -56.28M | -46.98M | -7.49M | -10.00M | -7.28M | -8.40M |
| Financing Cash Flow | 58.86M | 52.93M | 15.83M | -5.00K | 25.68M | 4.64M |
Ardea Resources Technical Analysis
Negative
0.70
Price Trends
0.65
Negative
0.60
Negative
0.54
Negative
Market Momentum
-0.04
Positive
27.58
Positive
11.32
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ARL, the sentiment is Negative. The current price of 0.7 is above the 20-day moving average (MA) of 0.59, above the 50-day MA of 0.65, and above the 200-day MA of 0.54, indicating a bearish trend. The MACD of -0.04 indicates Positive momentum. The RSI at 27.58 is Positive, neither overbought nor oversold. The STOCH value of 11.32 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:ARL.
Ardea 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% | |
49 Neutral | AU$40.07M | -25.46 | -107.26% | ― | ― | 63.36% | |
48 Neutral | AU$210.98M | -7.44 | -215.00% | ― | ― | ― | |
45 Neutral | AU$54.58M | -2.12 | -18.67% | ― | ― | 53.31% | |
44 Neutral | AU$116.15M | -13.89 | -1.99% | ― | ― | 58.54% | |
43 Neutral | AU$167.56M | -2.53 | -40.54% | ― | -62.37% | 23.19% | |
41 Neutral | AU$92.08M | -12.92 | -67.75% | ― | ― | -414.88% |
* Basic Materials Sector Average
AU:ARL
Ardea Resources
0.53
0.11
26.19%
AU:SYR
Syrah Resources
0.15
-0.10
-40.08%
AU:NMT
Neometals Ltd
0.05
-0.01
-20.00%
AU:BSX
Blackstone Minerals Ltd
0.03
-0.05
-61.45%
AU:HAS
Hastings Technology Metals Limited
0.42
0.11
34.74%
AU:WTM
Battery Minerals Ltd.
0.68
0.51
288.57%
Ardea Resources Corporate Events
Ardea’s Kalgoorlie Nickel Project Gains Spot in Japan–U.S. Critical Minerals Framework
Mar 22, 2026
Ardea Resources’ Kalgoorlie Nickel Project Goongarrie Hub has been included in a Japan–U.S. Critical Minerals Joint Fact Sheet released by Japan’s Ministry of Economy, Trade, and Industry and the Ministry of Foreign Affairs. The ...
Ardea director Longworth increases stake with on-market share purchase
Mar 17, 2026
Ardea Resources has disclosed a change in the interests of director Norman Mathew Longworth, who has increased his holding in the company via an on-market share purchase. Longworth, through his direct and indirect interests including Mat Mining Pt...
Ardea Resources Clears 8.3m Placement Shares for Immediate Trading
Mar 9, 2026
Ardea Resources has issued 8,333,334 fully paid ordinary shares at $0.60 each to professional and sophisticated investors under a previously announced placement. The new shares were issued without a prospectus in reliance on exemptions under the C...
Ardea Resources Seeks ASX Quotation for 8.3 Million New Shares
Mar 9, 2026
Ardea Resources has applied to the ASX for quotation of 8,333,334 new ordinary fully paid shares, with an issue date of March 10, 2026. The securities form part of a transaction previously notified to the market, signalling an expansion of the com...
Ardea raises A$7m to advance Kalgoorlie Nickel Project DFS
Mar 2, 2026
Ardea Resources has secured binding commitments for a A$5 million share placement to professional and sophisticated investors at A$0.60 per share and is launching a A$2 million share purchase plan for eligible shareholders on the same terms. The f...
Ardea Resources Shares Halted Ahead of Equity Raising Results
Feb 27, 2026
Ardea Resources has requested and been granted a trading halt on its securities by the ASX, with the suspension to remain in place until either the release of a pending announcement or the commencement of normal trading on 3 March 2026. The halt i...
Ardea Resources Issues Interim Half-Year 2025 Financial Report
Feb 24, 2026
Ardea Resources has released its interim financial report for the half-year ended 31 December 2025, intended to be read alongside its June 2025 annual report and prior market disclosures under continuous disclosure obligations. The document confir...
Ardea Wins Conditional Backing of Up to AUD 1bn for Goongarrie Nickel-Cobalt Hub
Feb 4, 2026
Ardea Resources’ joint venture vehicle, Kalgoorlie Nickel Pty Ltd, has secured conditional, non-binding financing support indications of up to roughly AUD 1 billion equivalent from Export Finance Australia and the Export-Import Bank of the U...
Ardea Advances Kalgoorlie Nickel DFS as Major Project Status Renewed
Jan 29, 2026
Ardea Resources reported steady progress on its Kalgoorlie Nickel Project – Goongarrie Hub during the December 2025 quarter, highlighting the Australian Federal Government’s renewal of Major Project Status for a further three years and...
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.