Diablo Resources Limited (AU:DBO)
ASX:DBO
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Diablo Resources Limited
(Sydney:DBO)
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Rating:41Neutral
Price Target:
AU$0.02
▼(-46.67% Downside)
Action:Reiterated
Date:05/12/26
The score is primarily constrained by weak financial performance (no revenue, ongoing losses, and sustained cash burn with shrinking equity/assets). Technicals are also soft with the stock below key longer-term averages and negative MACD. Valuation support is limited because the company is loss-making (negative P/E) and offers no dividend yield.
Positive Factors
Low leverage
Zero reported debt materially reduces financial risk for an exploration company. Long-term, low leverage limits fixed financing costs and bankruptcy risk, giving management flexibility to time capital raises and allocate scarce cash toward drilling or project advancement rather than interest service.
Negative Factors
No revenue base
Absence of any revenue means the company cannot self-fund operations, leaving progress entirely dependent on capital markets or partners. Over months this structural lack of cash generation increases dilution risk and creates uncertainty over the timing and economics of any transition to profitable operations.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
Zero reported debt materially reduces financial risk for an exploration company. Long-term, low leverage limits fixed financing costs and bankruptcy risk, giving management flexibility to time capital raises and allocate scarce cash toward drilling or project advancement rather than interest service.
Read all positive factors
Diablo Resources Limited (DBO) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$5.01M
Dividend YieldN/A
Average Volume (3M)3.77M
Price to Earnings (P/E)―
Beta (1Y)1.74
Revenue GrowthN/A
EPS Growth94.20%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding294,642,200
10 Day Avg. Volume3,187,210
30 Day Avg. Volume3,772,882
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)3.00
Price to Sales (P/S)0.00
P/FCF Ratio-2.81
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
Diablo Resources Limited Business Overview & Revenue Model
Company Description
Diablo Resources Limited engages in the acquisition and exploration of mineral properties in the United States. It holds a 100% interest in the Devils Canyon Project comprising 90 mineral claims covering an area of approximately 6.56 square kilome...
How the Company Makes Money
null...
Diablo Resources Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
28
Negative
Cash Flow
18
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 224.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -1.44M | -762.53K | -9.77M | -517.09K | -806.27K | -98.24K |
| Net Income | -1.44M | -762.53K | -9.77M | -4.15M | -806.27K | -98.24K |
Balance Sheet | ||||||
| Total Assets | 2.76M | 764.64K | 821.63K | 10.04M | 13.66M | 13.99M |
| Cash, Cash Equivalents and Short-Term Investments | 945.87K | 180.33K | 556.58K | 2.52M | 4.24M | 5.99M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 19.04K |
| Total Liabilities | 260.16K | 236.11K | 114.77K | 530.99K | 64.38K | 98.24K |
| Stockholders Equity | 2.50M | 528.53K | 706.86K | 9.51M | 13.59M | -98.24K |
Cash Flow | ||||||
| Free Cash Flow | -966.35K | -563.90K | -491.20K | -1.38M | -1.76M | -19.04K |
| Operating Cash Flow | -966.39K | -563.90K | -491.20K | -390.08K | -323.40K | -19.04K |
| Investing Cash Flow | -1.46M | -355.02K | -2.43M | -1.17M | -1.58M | 0.00 |
| Financing Cash Flow | 2.82M | 542.67K | 958.47K | 0.00 | 6.00M | 19.04K |
Diablo Resources Limited Technical Analysis
Negative
0.03
Price Trends
0.02
Negative
0.02
Negative
0.03
Negative
Market Momentum
>-0.01
Negative
45.94
Neutral
49.54
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:DBO, the sentiment is Negative. The current price of 0.03 is above the 20-day moving average (MA) of 0.02, above the 50-day MA of 0.02, and above the 200-day MA of 0.03, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 45.94 is Neutral, neither overbought nor oversold. The STOCH value of 49.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:DBO.
Diablo 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% | |
50 Neutral | AU$22.92M | -0.72 | -92.34% | ― | ― | -62.14% | |
46 Neutral | AU$45.59M | -4.07 | -134.41% | ― | ― | -267.80% | |
43 Neutral | AU$5.35M | -2.11 | -154.54% | ― | -96.35% | -202.04% | |
43 Neutral | AU$6.46M | -0.22 | -164.84% | ― | ― | -41.67% | |
41 Neutral | AU$5.01M | -1.90 | -95.14% | ― | ― | 94.20% | |
41 Neutral | AU$3.88M | -7.90 | -127.91% | ― | ― | -27.27% |
* Basic Materials Sector Average
AU:DBO
Diablo Resources Limited
0.02
<0.01
30.77%
AU:DAF
Discovery Alaska Limited
0.02
<0.01
36.36%
AU:GNM
Great Northern Minerals Limited
0.05
0.03
206.25%
AU:SFM
Santa Fe Minerals Ltd.
0.28
0.24
600.00%
AU:RAS
Ragusa Minerals Ltd
0.03
0.01
86.67%
AU:WSR
Westar Resources Ltd.
0.01
0.00
0.00%
Diablo Resources Limited Corporate Events
Diablo Resources Seeks ASX Quotation for 58.8 Million New Shares
May 12, 2026
Diablo Resources Limited has applied for quotation on the ASX of 58.8 million new ordinary fully paid shares under the ticker DBO, with an issue date of 12 May 2026. The substantial share quotation expands the company’s listed equity base, s...
Diablo Resources Completes First Tranche of Capital Placement and Plans Second
May 12, 2026
Diablo Resources has completed Tranche 1 of its capital placement, issuing 58,800,000 fully paid ordinary shares at $0.013 each to raise $764,400 before costs from institutional, sophisticated, and existing investors. The shares were issued under ...
Diablo Resources Flags Transformational Horn Silver Mine Deal
May 10, 2026
Diablo Resources has released an acquisition presentation outlining a transformational purchase of the Horn Silver Mine in the United States. The company frames the deal as a significant step in its growth strategy, highlighting immediate drilling...
Diablo Resources Shares Reinstated to Trade After Deal and Capital Raise Update
May 7, 2026
Trading in Diablo Resources shares on the ASX is set to resume immediately, after being suspended pending news from the company. The reinstatement follows Diablo’s release of an announcement outlining a proposed material acquisition and asso...
Diablo Resources Plans Major Share Placement to Raise New Capital
May 7, 2026
Diablo Resources Limited has lodged an Appendix 3B with the ASX outlining a proposed placement of up to 40,000,000 new fully paid ordinary shares. The company has indicated a proposed issue date of 24 June 2026, with the transaction constituting a...
Diablo Resources Plans Placement of Up to 36 Million New Shares
May 7, 2026
Diablo Resources Limited has notified the ASX of a proposed placement of up to 36 million ordinary fully paid shares, with the new securities targeted for issue on 24 June 2026. The capital raising, conducted via a placement or similar structure, ...
Diablo Resources Seeks Voluntary Suspension Ahead of Capital Raise and Acquisition
May 5, 2026
Diablo Resources Limited has requested a voluntary suspension of trading in its securities on the ASX under Listing Rule 17.2, effective immediately, with the exchange confirming that DBO shares will remain suspended until the company issues a fur...
Diablo Resources Seeks Trading Halt Ahead of Capital Raising Announcement
Apr 30, 2026
Diablo Resources Limited has requested a halt in trading of its securities on the ASX, with the suspension to remain in place until either the start of normal trading on 5 May 2026 or the release of a pending company announcement. The move positio...
Diablo Advances Drill-Ready Utah Projects With High-Grade Results
Apr 30, 2026
Diablo Resources has advanced its Star Range project in Utah during the March quarter, confirming high-grade silver, antimony, copper and gold mineralisation across multiple prospects and expanding the project footprint to about 5,242 acres. The c...
Diablo Resources Confirms High-Grade Silver–Antimony at Utah Star Range Project
Apr 19, 2026
Diablo Resources has confirmed high-grade silver and antimony mineralisation at its Star Range Project in Utah, with reconnaissance sampling returning silver grades up to 534 grams per tonne and further copper and gold values across multiple prosp...
Diablo Maps High-Priority Drill Targets at Utah Silver-Antimony Project
Mar 17, 2026
Diablo Resources has identified high-priority drill targets at the North Star Prospect within its 100% owned Star Range Silver-Antimony Project in Utah after completing an induced polarisation survey. The new geophysical anomalies align with an ex...
Diablo Resources Files Interim Financial Report for Half-Year 2025
Mar 11, 2026
Diablo Resources Limited has released its consolidated interim financial report for the half-year ended 31 December 2025, providing shareholders with its latest statement of comprehensive income, financial position, changes in equity and cash flow...
Diablo Resources Expands Land Position at Utah Star Range Critical Minerals Project
Mar 4, 2026
Diablo Resources has expanded its Star Range Silver-Antimony Project in Utah to about 5,242 acres by securing an additional Trust Lands Administration lease adjacent to the high-priority South Star Prospect. The new tenure consolidates similar geo...
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.