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Bulletin Resources Limited
(Sydney:BNR)
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Rating:49Neutral
Price Target:
AU$0.04
▼(-36.67% Downside)
Action:Reiterated
Date:06/11/26
The score is held back primarily by weak and inconsistent operating performance and cash generation, despite a strong, debt-free balance sheet. Technicals also point to a downtrend with neutral momentum, while the low P/E provides some valuation support but is not enough to offset business execution and cash-flow risk.
Positive Factors
Debt-free balance sheet
A zero-debt capital structure materially reduces solvency risk and interest burden over the medium term. This durable strength gives management flexibility to fund exploration, restructure operations, or weather revenue volatility without immediate refinancing pressure, supporting resilience.
Negative Factors
Revenue collapse and volatility
Revenue falling to zero and prior declines show highly unstable top-line performance, undermining predictability of future cash generation. Over a 2-6 month horizon this structural volatility impairs planning, limits reinvestment ability, and raises execution and project-risk for a resource company.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A zero-debt capital structure materially reduces solvency risk and interest burden over the medium term. This durable strength gives management flexibility to fund exploration, restructure operations, or weather revenue volatility without immediate refinancing pressure, supporting resilience.
Read all positive factors
Bulletin Resources Limited (BNR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$11.74M
Dividend YieldN/A
Average Volume (3M)468.68K
Price to Earnings (P/E)1.9
Beta (1Y)-0.70
Revenue GrowthN/A
EPS Growth7000.00%
CountryAU
Employees5
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)<0.01
Shares Outstanding293,613,300
10 Day Avg. Volume398,977
30 Day Avg. Volume468,678
Financial Highlights & Ratios
PEG Ratio-0.03
Price to Book (P/B)1.18
Price to Sales (P/S)224.67
P/FCF Ratio-13.90
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
Bulletin Resources Limited Business Overview & Revenue Model
Company Description
Bulletin Resources Limited is an Australian company primarily engaged in mineral exploration, focusing on identifying deposits of gold, lithium, and nickel. The company's portfolio includes several key projects: the Lake Rebecca gold project, loca...
How the Company Makes Money
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Bulletin Resources Limited Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
72
Positive
Cash Flow
29
Negative
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 73.18K | 211.30K | 3.11M | 357.83K | 1.85M |
| Gross Profit | -14.29K | 211.30K | 3.10M | 353.97K | 1.85M |
| EBITDA | 2.51M | -2.19M | 185.86K | -1.43M | 4.42M |
| Net Income | 1.75M | -647.20K | 563.58K | 462.69K | 3.55M |
Balance Sheet | |||||
| Total Assets | 15.12M | 12.48M | 12.76M | 10.76M | 6.54M |
| Cash, Cash Equivalents and Short-Term Investments | 14.76M | 10.92M | 11.17M | 8.21M | 3.68M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 1.23M | 525.01K | 856.10K | 344.78K | 1.43M |
| Stockholders Equity | 13.89M | 11.96M | 11.90M | 10.41M | 5.11M |
Cash Flow | |||||
| Free Cash Flow | -1.18M | -1.56M | 1.41M | -1.90M | -146.16K |
| Operating Cash Flow | -1.18M | -1.56M | 1.41M | -1.84M | -145.38K |
| Investing Cash Flow | 1.04M | 1.02M | 43.86K | 3.78M | -43.98K |
| Financing Cash Flow | 183.59K | 2.22K | 0.00 | 4.37M | 0.00 |
Bulletin Resources Limited Technical Analysis
Negative
0.06
Price Trends
0.04
Negative
0.05
Negative
0.05
Negative
Market Momentum
>-0.01
Positive
45.93
Neutral
50.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:BNR, the sentiment is Negative. The current price of 0.06 is above the 20-day moving average (MA) of 0.04, above the 50-day MA of 0.04, and above the 200-day MA of 0.05, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 45.93 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:BNR.
Bulletin 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% | |
49 Neutral | AU$11.74M | 1.87 | 38.60% | ― | ― | 7000.00% | |
44 Neutral | AU$8.65M | -7.27 | -6.21% | ― | ― | 41.18% | |
44 Neutral | AU$13.47M | -101,457,092,405,402,990.00 | -7.09% | ― | ― | -135.48% | |
44 Neutral | AU$8.35M | -5.29 | -34.21% | ― | ― | 92.50% | |
44 Neutral | AU$7.86M | -14.10 | -6.56% | ― | ― | 52.44% | |
43 Neutral | AU$6.63M | -0.98 | -184.19% | ― | ― | 8.00% |
* Basic Materials Sector Average
AU:BNR
Bulletin Resources Limited
0.04
-0.02
-28.57%
AU:AUV
Sipa Resources Limited
0.01
>-0.01
-21.43%
AU:NWM
Norwest Minerals Ltd.
0.01
>-0.01
-9.09%
AU:RR1
Reach Resources Limited
0.01
<0.01
10.00%
AU:NES
Nelson Resources Ltd.
0.01
0.00
0.00%
AU:FNR
Far Northern Resources Limited
0.11
-0.03
-21.43%
Bulletin Resources Limited Corporate Events
Bulletin Resources Corrects Chifley Drilling Update and Plans Deeper Gold Tests
May 4, 2026
Bulletin Resources has issued a corrective statement to its recent announcement on aircore drilling at the Chifley Gold Project, adding a previously omitted Competent Person statement to comply with reporting requirements. The updated release deta...
Bulletin Resources Advances Lake Rebecca Drilling With Strong Cash Backing
Apr 30, 2026
Bulletin Resources reported progress at its Lake Rebecca Gold Project during the March quarter, completing 11 aircore drill holes over the Chifley target, a one kilometre by one kilometre soil gold anomaly along the Claypan Fault. Although most ho...
Bulletin Resources Targets Concealed Gold After Early Chifley Drill Results
Apr 30, 2026
Bulletin Resources has reported initial aircore drilling results from its Chifley Gold Project, where 11 holes totalling 797 metres were completed over a 1km by 1km soil gold anomaly in a favourable structural position along the Claypan Fault. Alt...
Bulletin Resources Releases Half-Year Financial Report for December 2025
Mar 12, 2026
Bulletin Resources Limited has released its half-year financial report for the period ended 31 December 2025, outlining its interim financial performance, position, and cash flows. The document includes the directors’ report, auditor’s...
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.