Ballymore Resources Limited (AU:BMR)
ASX:BMR
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Ballymore Resources Limited
(Sydney:BMR)
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Rating:40Underperform
Price Target:
AU$0.13
▼(-60.88% Downside)
Action:DowngradedDate:04/21/26
The score is primarily constrained by weak financial performance (ongoing losses, significant cash burn, and higher leverage in 2025). Technicals also point to a continuing downtrend with negative momentum. Valuation offers limited support due to negative earnings and no dividend information.
Positive Factors
Meaningful equity base
The balance sheet shows a $12.7m equity base against $23.0m of assets, providing a material capital cushion. This equity buffer can absorb operating losses, fund near-term exploration or development activities and extend runway while management pursues operational milestones.
Negative Factors
Persistent cash burn
Operating cash flow has been negative each year and free cash flow was deeply negative in 2025, indicating ongoing cash burn. This structural funding gap requires external capital, increasing dilution or refinancing risk and constraining strategic flexibility over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Meaningful equity base
The balance sheet shows a $12.7m equity base against $23.0m of assets, providing a material capital cushion. This equity buffer can absorb operating losses, fund near-term exploration or development activities and extend runway while management pursues operational milestones.
Read all positive factors
Ballymore Resources Limited (BMR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$28.03M
Dividend YieldN/A
Average Volume (3M)135.34K
Price to Earnings (P/E)―
Beta (1Y)2.12
Revenue GrowthN/A
EPS Growth14.94%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding207,649,610
10 Day Avg. Volume185,810
30 Day Avg. Volume135,336
Financial Highlights & Ratios
PEG Ratio-0.82
Price to Book (P/B)2.08
Price to Sales (P/S)435.94
P/FCF Ratio-4.69
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
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...
How the Company Makes Money
null...
Ballymore Resources Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
44
Neutral
Cash Flow
24
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 60.60K | 60.60K | 0.00 | 0.00 | 0.00 | 28.00K |
| Gross Profit | 60.60K | 60.60K | -56.70K | -49.90K | -49.03K | 2.81K |
| EBITDA | -949.86K | -786.50K | -1.71M | -853.61K | -684.67K | -543.48K |
| Net Income | -2.54M | -2.32M | -1.90M | -878.02K | -733.70K | -568.67K |
Balance Sheet | ||||||
| Total Assets | 26.50M | 22.98M | 23.61M | 13.19M | 10.37M | 4.72M |
| Cash, Cash Equivalents and Short-Term Investments | 2.42M | 2.30M | 7.94M | 1.47M | 2.54M | 224.13K |
| Total Debt | 46.12K | 9.34M | 33.26K | 56.56K | 0.00 | 0.00 |
| Total Liabilities | 10.88M | 10.28M | 8.60M | 467.83K | 370.74K | 1.01M |
| Stockholders Equity | 15.62M | 12.69M | 15.02M | 12.72M | 10.00M | 3.71M |
Cash Flow | ||||||
| Free Cash Flow | -6.77M | -5.64M | -4.58M | -4.53M | -4.26M | -3.67M |
| Operating Cash Flow | -1.36M | -723.38K | -1.02M | -658.75K | -667.52K | -285.53K |
| Investing Cash Flow | -8.41M | -4.91M | -3.55M | -3.87M | -3.60M | -3.38M |
| Financing Cash Flow | 4.27M | 0.00 | 11.04M | 3.47M | 6.58M | 3.48M |
Ballymore Resources Limited Technical Analysis
Negative
0.34
Price Trends
0.22
Negative
0.26
Negative
0.21
Negative
Market Momentum
-0.02
Negative
42.09
Neutral
13.33
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:BMR, the sentiment is Negative. The current price of 0.34 is above the 20-day moving average (MA) of 0.17, above the 50-day MA of 0.22, and above the 200-day MA of 0.21, indicating a bearish trend. The MACD of -0.02 indicates Negative momentum. The RSI at 42.09 is Neutral, neither overbought nor oversold. The STOCH value of 13.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:BMR.
Ballymore Resources Limited 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 | AU$40.80M | -13.52 | -24.90% | ― | ― | 77.87% | |
47 Neutral | AU$28.57M | -6.38 | -6.28% | ― | -100.00% | -141.82% | |
47 Neutral | AU$27.30M | 1.48 | 34.97% | ― | ― | ― | |
46 Neutral | AU$28.70M | 8.28 | 2.76% | ― | ― | ― | |
46 Neutral | AU$570.32M | -3.44 | -31.56% | ― | ― | -20.30% | |
40 Underperform | AU$28.03M | -11.08 | -17.92% | ― | ― | 14.94% |
* Basic Materials Sector Average
AU:BMR
Ballymore Resources Limited
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Ballymore Resources Limited Corporate Events
Ballymore wins fresh CEI funding to fast-track Queensland copper-gold hunt
Mar 20, 2026
Ballymore Resources has secured A$383,000 in new Queensland Government Collaborative Exploration Initiative funding to advance copper-gold and silver prospects at its Dittmer and Ruddygore projects. The latest grants lift total non-dilutive govern...
Ballymore Extends High-Grade Gold Corridor to 5km at Dittmer Project
Mar 17, 2026
Ballymore Resources has reported new exploration results that extend the mineralised Dittmer corridor to more than 5km, reinforcing the potential scale of its flagship gold project in North Queensland. Recent stream sediment and soil sampling arou...
Ballymore Resources Releases Half-Year Financial Report for 2025
Mar 12, 2026
Ballymore Resources Limited has released its financial report for the half-year ended 31 December 2025, providing stakeholders with key financial statements and accompanying notes. The report includes the directors’ report, auditor’s i...
Ballymore Director Boosts Shareholding via Performance Rights Exercise
Feb 24, 2026
Ballymore Resources Limited has disclosed a change in director Andrew Gilbert’s interests following the exercise of performance rights. Through the Gilbert Family Trust, Gilbert converted 700,000 performance rights expiring 30 September 2028...
Ballymore Resources Seeks ASX Quotation for 700,000 New Shares
Feb 24, 2026
Ballymore Resources Limited has applied for quotation on the ASX of 700,000 ordinary fully paid shares under its ticker BMR, with an issue date of 24 February 2026. The additional securities expand the company’s quoted share capital, potenti...
Ballymore advances Dittmer access works ahead of Q2 drilling and trial mining
Feb 23, 2026
Ballymore Resources is accelerating development at its Dittmer high‑grade gold project in North Queensland, with access expansion works for a new modern‑scale portal progressing to enable both resource drilling and trial mining in Q2 2...
Ballymore Step-Out Hit Confirms Scale Potential at Torpy’s Silver-Lead-Zinc Project
Feb 5, 2026
Ballymore Resources has reported strong assay results from its first step-out drill hole at the Little Torpy’s prospect, located 600 metres south of the main Torpy’s workings in north Queensland, confirming a broad, shallow silver-lead...
Ballymore Resources Seeks ASX Quotation for 100,000 New Shares
Feb 4, 2026
Ballymore Resources Limited has applied to the ASX for quotation of 100,000 new fully paid ordinary shares, to be issued under its existing listing arrangements. The small placement of additional equity arises from the exercise or conversion of ex...
Ballymore Resources Advances High-Grade Dittmer Gold Project With Strong Drilling and Underground Development
Jan 30, 2026
Ballymore Resources reported strong exploration progress for the quarter ended 31 December 2025, highlighted by high-grade drilling results at the Dittmer Project that confirm south-plunging mineralised shoots in the faulted extension to the Duffe...
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.