Ballymore Resources Limited (BMR) AI Stock Analysis

• Market Cap: AU$32.70M
• Dividend Yield: N/A
• Average Volume (3M): 249.64K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.17
• Revenue Growth: N/A
• EPS Growth: -175.00%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 72
• Industry: Other Precious Metals
• EPS (TTM): >-0.01
• Shares Outstanding: 176,730,590
• 10 Day Avg. Volume: 253,554
• 30 Day Avg. Volume: 249,642
• PEG Ratio: 0.71
• Price to Book (P/B): 2.13
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -4.09K
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 38 Underperform
• Price Target: ―

Ballymore Resources Limited receives a low overall stock score due to significant financial challenges, including lack of revenue, persistent losses, and high leverage. While technical indicators show some short-term support, the overall trend remains downward. The company's negative P/E ratio and absence of dividends further detract from its valuation appeal. The stock's financial health is a major concern, leading to a cautious outlook.

Ballymore Resources Limited Business Overview & Revenue Model

Company Description

Ballymore Resources Limited operates as an exploration and development company. It explores for gold, copper, silver, lead, zinc, and other metals. It holds 100% interests in the Dittmer project that consists of two mining leases and three granted exploration permits covering an area of approximately 488 square kilometers located in central Queensland; the Ruddygore project, which covers an area of 558 square kilometers located adjacent to the regional center of Chillagoe in north Queensland; and the Mount Molloy project covering an area of approximately 78 square kilometers located in Hodgkinson province of north Queensland and is located south of the town of Mount Molloy. It holds 100% interest in the Ravenswood project that comprises five exploration permits covering an area of 309 square kilometers located to the south and east of the regional centre of Charters Towers in north Queensland. Ballymore Resources Limited was incorporated in 2019 and is headquartered in Brisbane, Australia.

How the Company Makes Money

Ballymore Resources Limited generates revenue primarily through the discovery and development of mineral resources, which are then either sold directly, used in joint ventures, or developed further into mining operations. The company engages in exploration activities to identify and evaluate mineral deposits. Once viable resources are confirmed, Ballymore can either sell the rights to these deposits to larger mining companies, enter into joint venture agreements to share the development costs and profits, or proceed with the development and extraction of minerals themselves, which are then sold in the market. Strategic partnerships with other mining firms and investment in advanced exploration technology are key factors that contribute to Ballymore's revenue generation. Additionally, fluctuations in global commodity prices can significantly impact the company's earnings.

Ballymore Resources Limited Financial Statement Overview

Summary

Ballymore Resources Limited faces significant financial challenges, characterized by a lack of revenue, persistent losses, and a reliance on external financing. The balance sheet, while showing a moderate equity cushion, is overshadowed by high leverage. The cash flow situation is concerning, with negative free cash flow indicating potential liquidity issues. These factors suggest a cautious outlook for the company's financial health.

Income Statement

Ballymore Resources Limited shows a consistent lack of revenue generation, with zero total revenue reported in recent periods. The company has been incurring significant net losses, reflected by negative EBIT and EBITDA. These factors indicate a challenging operational environment and weak profitability, which significantly undermines the income statement's strength.

Balance Sheet

The balance sheet reflects a moderate equity base, with stockholders' equity surpassing total liabilities, resulting in a reasonable equity ratio. However, the company is highly leveraged with a substantial debt load compared to equity. The absence of revenue and consistent losses further stress the financial stability, posing potential risks.

Cash Flow

Cash flow analysis reveals a negative free cash flow trend, indicating more cash outflows than inflows, primarily due to significant capital expenditures. The company has relied heavily on financing activities to maintain liquidity, highlighting concerns over sustainable cash flow generation from operations.

Breakdown	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	0.00	0.00	0.00	28.00K	0.00
Gross Profit	-56.70K	-49.90K	-49.03K	2.81K	0.00
EBITDA	-1.71M	-853.61K	-684.67K	-543.48K	-62.64K
Net Income	-1.90M	-878.02K	-733.70K	-568.67K	-313.19K
Balance Sheet
Total Assets	23.61M	13.19M	10.37M	4.72M	804.41K
Cash, Cash Equivalents and Short-Term Investments	7.94M	1.47M	2.54M	224.13K	411.36K
Total Debt	7.83M	56.56K	0.00	0.00	0.00
Total Liabilities	8.60M	467.83K	370.74K	1.01M	181.20K
Stockholders Equity	15.02M	12.72M	10.00M	3.71M	623.21K
Cash Flow
Free Cash Flow	-4.58M	-4.53M	-4.26M	-3.67M	-319.51K
Operating Cash Flow	-1.02M	-658.75K	-667.52K	-285.53K	-119.29K
Investing Cash Flow	-3.55M	-3.87M	-3.60M	-3.38M	-200.22K
Financing Cash Flow	11.04M	3.47M	6.58M	3.48M	730.87K

Ballymore Resources Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.18
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:BMR, the sentiment is Positive. The current price of 0.18 is above the 20-day moving average (MA) of 0.16, above the 50-day MA of 0.16, and above the 200-day MA of 0.14, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 61.77 is Neutral, neither overbought nor oversold. The STOCH value of 55.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:BMR.

Ballymore Resources Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$10.60B	10.34	1.36%	2.89%	2.35%	-33.38%
FTL	57 Neutral	AU$36.10M	―	-25.01%	―	―	-101.65%
BMR	38 Underperform	AU$32.70M	―	-18.47%	―	―	-175.00%
HMRRF	―	$17.60M	8.33	15.74%	―	―	―
FRS	46 Neutral	AU$41.99M	―	-44.38%	―	―	48.86%
GSN	37 Underperform	AU$26.91M	―	-15.00%	―	―	13.33%
LDR	36 Underperform	AU$22.65M	―	-13.51%	―	―	-57.50%

Ballymore Resources Limited Corporate Events

Ballymore Resources Advances Dittmer Project with Positive Drilling Results

Ballymore Resources Limited has reported promising results from its Stage 5 drilling campaign at the Dittmer Project, with all eight holes intersecting the Duffer Lode extension. The company is considering future processing options for the ore, amid high gold prices, which could lead to the development of a low CAPEX high-grade gold mine. The ongoing exploration and positive assay results enhance the company’s confidence in its geological model and exploration strategy, potentially impacting its market positioning and stakeholder interests.

Ballymore Resources Announces Change in Substantial Shareholding

Ballymore Resources Limited has reported a change in the substantial holding of its shares. Regal Funds Management Pty Limited and its associates have adjusted their voting power from 8.21% to 7.14%, indicating a sell-off of shares. This change in shareholding may impact Ballymore Resources Limited’s market dynamics and investor relations as it reflects a shift in stakeholder confidence or strategy.

Ballymore Resources Sees Shift in Substantial Shareholding

Ballymore Resources Limited has announced changes in the substantial holding of its shares, with Regal Funds Management Pty Limited and its associates adjusting their voting power. The changes reflect a decrease in voting power from 10.88% to 8.21%, indicating a significant sell-off of shares by the substantial holder, which could impact the company’s market perception and influence its stock price.

Ballymore Resources Limited Releases Half-Year Financial Report

Ballymore Resources Limited has released its financial report for the half-year ending December 31, 2024. The report includes key financial statements such as the statement of profit or loss, financial position, changes in equity, and cash flows. This release provides stakeholders with insights into the company’s financial health and operational performance over the past six months.

Ballymore Resources Launches Stage 5 Drilling at Dittmer Gold Project

Ballymore Resources has initiated a Stage 5 diamond drilling campaign at its Dittmer Gold Project, aiming to build on previous successes and potentially restart mining operations. The project, which has a history of high-grade gold production, is expected to benefit from current high gold prices, potentially delivering significant value to shareholders. The drilling program will focus on infill and step-out drilling to support preliminary mineral resource estimates and mining scoping studies, with all previous drilling efforts successfully intersecting gold mineralization.

Ballymore Resources Sees Shift in Substantial Holdings

Ballymore Resources Limited has undergone a significant change in its substantial holder interests, as Regal Funds Management Pty Limited and its associates have adjusted their voting power and holdings in the company. The update reflects a decrease in their voting power from 12.04% to 10.88%, impacting Ballymore Resources’ shareholder structure and potentially influencing future corporate decisions.