Ballymore Resources Limited (AU:BMR)
ASX:BMR
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Ballymore Resources Limited
(Sydney:BMR)
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Rating:43Neutral
Price Target:
AU$0.13
▼(-61.76% Downside)
Action:Reiterated
Date:06/03/26
The score is held down primarily by weak financial performance—ongoing losses and significant cash burn—combined with higher financing risk from the 2025 debt increase. Technicals also remain unfavorable with the price below major moving averages and negative MACD, while valuation support is limited because earnings are negative and no dividend yield is provided.
Positive Factors
Balance Sheet Strength
An equity base of $12.7m against $23.0m of assets provides a durable capital buffer that can absorb ongoing losses and fund near-term operations or project development. That buffer preserves strategic optionality, reduces immediate refinancing pressure and supports investment or partner discussions over the medium term.
Negative Factors
Persistent Losses
Net losses of roughly -$2.3m indicate the business is not yet profitable and are eroding shareholder capital. Persistent unprofitability limits the firm's ability to self-fund growth, increases reliance on external capital, and makes long-term viability dependent on achieving a material and sustained operational turnaround.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
An equity base of $12.7m against $23.0m of assets provides a durable capital buffer that can absorb ongoing losses and fund near-term operations or project development. That buffer preserves strategic optionality, reduces immediate refinancing pressure and supports investment or partner discussions over the medium term.
Read all positive factors
Ballymore Resources Limited (BMR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$31.28M
Dividend YieldN/A
Average Volume (3M)135.34K
Price to Earnings (P/E)―
Beta (1Y)2.34
Revenue GrowthN/A
EPS Growth14.47%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.01
Shares Outstanding231,725,270
10 Day Avg. Volume185,810
30 Day Avg. Volume135,336
Financial Highlights & Ratios
PEG Ratio-0.81
Price to Book (P/B)2.06
Price to Sales (P/S)430.77
P/FCF Ratio-4.63
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, focusing on discovering and extracting gold, copper, silver, lead, zinc, and various other metals. The firm holds complete ownership of several significant projects ac...
How the Company Makes Money
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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
Positive
0.34
Price Trends
0.14
Positive
0.19
Negative
0.20
Negative
Market Momentum
>-0.01
Negative
57.06
Neutral
67.48
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 0.34 is above the 20-day moving average (MA) of 0.12, above the 50-day MA of 0.14, and above the 200-day MA of 0.20, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 57.06 is Neutral, neither overbought nor oversold. The STOCH value of 67.48 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
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$49.99M | -22.47 | -6.28% | ― | -100.00% | -141.82% | |
51 Neutral | AU$22.36M | -5.09 | -24.90% | ― | ― | 77.87% | |
46 Neutral | AU$22.25M | 3.58 | 34.97% | ― | ― | ― | |
46 Neutral | AU$683.00M | -21.29 | -31.56% | ― | ― | -20.30% | |
43 Neutral | AU$31.28M | -11.01 | -17.92% | ― | ― | 14.47% | |
42 Neutral | AU$23.25M | 44.64 | 2.76% | ― | ― | ― |
* Basic Materials Sector Average
AU:BMR
Ballymore Resources Limited
0.14
-0.03
-17.18%
AU:HMX
Hammer Metals Limited
0.06
0.03
80.65%
AU:LDR
Lode Resources Ltd
0.11
-0.08
-40.54%
AU:GSN
Great Southern Mining Limited
0.02
>-0.01
-16.67%
AU:FRS
Forrestania Resources Limited
0.51
0.43
537.50%
AU:M79
Firetail Resources Limited
0.04
-0.04
-48.05%
Ballymore Resources Limited Corporate Events
Ballymore Issues 12 Million Shares Under Section 708A to Support Exploration Push
Jun 19, 2026
Ballymore Resources Limited has issued 12,000,000 new ordinary shares, notifying the market under section 708A(5)(e) of the Corporations Act that the placement was conducted without a prospectus disclosure. The company confirmed it is up to date w...
Ballymore Resources Plans Share and Option Issue to Bolster Capital
Jun 19, 2026
Ballymore Resources Limited has outlined plans to issue up to 4 million new ordinary fully paid shares and 2 million options as part of a proposed placement or similar capital-raising initiative. The options will expire on 31 December 2028 with an...
Ballymore Resources Issues Over 2.3 Million Unquoted Options
Jun 19, 2026
Ballymore Resources Limited has notified the market of the issue of new unquoted equity securities in the form of options. The options, carrying an exercise price of A$0.22 and expiring on 31 December 2028, total 2,372,280 securities and were issu...
Ballymore Issues 6 Million Unquoted Options Expiring in 2028
Jun 19, 2026
Ballymore Resources Limited has notified the market of the issue of 6,000,000 unquoted options, exercisable at $0.22 and expiring on 31 December 2028. The options, which were previously disclosed to the market, will not be quoted on the ASX, indic...
Ballymore Raises $5.2m to Fast-Track Queensland Exploration Push
Jun 19, 2026
Ballymore Resources has raised a total of $5.2 million after its latest share placement was upsized to $2.0 million on the back of strong demand from existing shareholders and new sophisticated investors, following a fully subscribed $3.2 million ...
Ballymore Investor Claire Gilbert Ceases to Be Substantial Shareholder After Dilution
Jun 9, 2026
Ballymore Resources has disclosed that Claire Gilbert has ceased to be a substantial shareholder in the company. Her holding was diluted below the substantial holder threshold due to new shares issued by Ballymore, reducing her interest to 10,755,...
Ballymore Director Increases Stake via Entitlement Offer
Jun 5, 2026
Ballymore Resources Limited has disclosed a change in the interests of director Andrew Greville, who increased his holdings through participation in the company’s entitlement offer. The transaction involved acquiring additional ordinary shar...
Ballymore Resources Issues Over 12 Million Unquoted Options Expiring in 2028
Jun 5, 2026
Ballymore Resources Limited has notified the market of the issue of 12,037,863 unquoted options, expiring on 31 December 2028, under ASX security code BMRAL. These options, which are not intended to be quoted on the ASX, form part of previously an...
Ballymore raises $4.7m to accelerate Queensland exploration
Jun 4, 2026
Ballymore Resources has completed a fully subscribed 1-for-8 non-renounceable entitlement offer, raising $3.24 million at A$0.125 per share with free attaching options, including significant director participation. The company has also mandated a ...
Ballymore Extends High-Grade Torpy’s Silver Discovery With New Drilling
May 22, 2026
Ballymore Resources has intersected further broad zones of massive sulphide mineralisation in the first two holes of a new 3,000m reverse circulation drilling program at the Torpy’s silver-lead-zinc-indium discovery in North Queensland. The ...
Ballymore Resources Targets $3.24m in Selective Entitlement Offer
May 12, 2026
Ballymore Resources is launching a non-renounceable pro-rata entitlement offer to existing shareholders, allowing eligible investors in Australia, New Zealand, Singapore and the United States to subscribe for one new share for every eight held at ...
Ballymore Resources launches $3.2m entitlement offer to fund project development
May 12, 2026
Ballymore Resources is launching a non-renounceable pro-rata entitlement offer, giving eligible shareholders the right to subscribe for one new share for every eight held at $0.125 per share, with one free attaching option for every two new shares...
Ballymore Reaffirms JORC-Compliant Basis of Its Queensland Exploration Results
May 4, 2026
Ballymore Resources has provided an investor update outlining the technical underpinnings of its Queensland gold and base metals exploration portfolio. The company confirms that its previously reported exploration results and targets across key pr...
Ballymore Resources launches $3.24m non-renounceable entitlement offer
May 4, 2026
Ballymore Resources Limited has launched a non-renounceable pro-rata entitlement offer to raise up to approximately $3.24 million before costs, issuing one new share for every eight held at $0.125, with one free option for every two new shares. El...
Ballymore advances Dittmer gold project toward resource drilling and trial mining
Apr 30, 2026
Ballymore Resources advanced development at its Dittmer Project in Queensland during the March 2026 quarter, completing major underground access expansion to enable a 3,000m Stage 6 resource drilling program and trial mining in the June quarter. T...
Ballymore extends shallow gold zones at Ravenswood’s Seventy Mile Mount prospect
Apr 27, 2026
Ballymore Resources has reported broad, shallow gold intersections from recent diamond drilling at the Seventy Mile Mount prospect within its Ravenswood Project near Charters Towers in north Queensland. The breccia-hosted system, located along str...
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...
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.