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DevEx Resources Ltd (AU:DEV)
ASX:DEV

DevEx Resources Ltd (DEV) AI Stock Analysis

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AU

DevEx Resources Ltd

(Sydney:DEV)

Rating:43Neutral
Price Target:
AU$0.00
▼(-100.00%Downside)
DevEx Resources Ltd faces significant challenges in financial performance, marked by negative profitability and cash flow issues. Technical indicators suggest bearish trends, and the valuation reflects current unprofitability. The strong balance sheet offers some stability, but strategic improvements are necessary to enhance overall financial health.

DevEx Resources Ltd (DEV) vs. iShares MSCI Australia ETF (EWA)

DevEx Resources Ltd Business Overview & Revenue Model

Company DescriptionDevEx Resources Ltd (DEV) is an Australian-based mineral exploration company engaged in the discovery and development of mineral resources. The company primarily focuses on exploring and developing prospective mining projects across Australia, with a particular emphasis on gold, copper, and uranium deposits. DevEx Resources leverages its technical expertise and strategic partnerships to identify and capitalize on high-potential mineral assets, aiming to create value for its shareholders through successful exploration and project development.
How the Company Makes MoneyDevEx Resources Ltd makes money through its mineral exploration activities by discovering and developing valuable mineral resources, primarily gold, copper, and uranium. Its revenue model is centered around the successful identification and development of economically viable mining projects, which can be sold or partnered with larger mining companies for further development and production. The company may also earn revenue through joint ventures, farm-in agreements, and by selling stakes in its projects to other mining companies. Additionally, DevEx Resources may benefit from government grants or incentives related to mineral exploration and development. The company's earnings are significantly influenced by market conditions, commodity prices, and the successful execution of its exploration and development strategies.

DevEx Resources Ltd Financial Statement Overview

Summary
DevEx Resources Ltd shows revenue growth but struggles with profitability and cash flow management. The balance sheet is strong with minimal debt, but negative margins and cash flows highlight the need for strategic improvements in cost management and operational efficiency.
Income Statement
40
Negative
DevEx Resources Ltd has shown a significant increase in total revenue from the previous year, rising from $14,168 to $100,000. However, the company is still facing challenges in terms of profitability. The net profit margin remains negative due to high operational costs, indicated by an EBIT of -$11,314,300. The EBIT and EBITDA margins are also negative, suggesting inefficiencies in managing operational expenses.
Balance Sheet
55
Neutral
The company's balance sheet reflects a healthy equity position with a debt-to-equity ratio of 0.011, indicating low leverage. The equity ratio is strong at approximately 87%, suggesting stability and a conservative financing approach. Despite the low debt levels, the company's net income remains negative, impacting overall financial health.
Cash Flow
35
Negative
DevEx Resources Ltd faces challenges in cash flow management, with negative operating and free cash flows. The operating cash flow to net income ratio is unfavorable due to substantial negative cash flow from operations. Although financing cash flow is positive due to capital inflow, the company needs to improve operational efficiency to achieve a sustainable cash flow position.
BreakdownTTMJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income Statement
Total Revenue755.32K100.00K14.17K0.000.000.00
Gross Profit755.32K100.00K-294.00K-376.00K-488.00K21.50K
EBITDA-12.66M-9.90M-12.61M-11.51M-6.08M-3.45M
Net Income-12.89M-10.79M-12.94M-11.91M-6.58M-3.47M
Balance Sheet
Total Assets18.90M26.31M15.92M11.29M19.49M3.93M
Cash, Cash Equivalents and Short-Term Investments9.05M16.77M12.67M7.87M16.58M2.22M
Total Debt205.94K262.23K366.66K435.70K495.99K0.00
Total Liabilities2.39M3.43M3.46M3.20M2.70M1.46M
Stockholders Equity16.51M22.88M12.46M8.08M16.79M2.47M
Cash Flow
Free Cash Flow-12.31M-15.12M-12.14M-9.32M-6.15M-3.61M
Operating Cash Flow-12.14M-14.84M-12.02M-9.24M-5.96M-3.61M
Investing Cash Flow-365.73K-656.83K-116.32K-188.28K-185.97K-3.05K
Financing Cash Flow-208.20K19.59M16.94M723.19K20.51M4.67M

DevEx Resources Ltd Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.07
Price Trends
50DMA
0.08
Negative
100DMA
0.08
Negative
200DMA
0.10
Negative
Market Momentum
MACD
>-0.01
Positive
RSI
37.31
Neutral
STOCH
10.51
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:DEV, the sentiment is Negative. The current price of 0.07 is below the 20-day moving average (MA) of 0.08, below the 50-day MA of 0.08, and below the 200-day MA of 0.10, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 37.31 is Neutral, neither overbought nor oversold. The STOCH value of 10.51 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:DEV.

DevEx Resources Ltd Peers Comparison

Overall Rating
UnderperformOutperform
Sector (43)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
AUWR1
57
Neutral
AU$31.71M-9.14%-4.39%
AUSRZ
46
Neutral
$31.20M-72.81%43.59%
43
Neutral
AU$1.38B-6.10-40.62%4.25%-4.78%-43.21%
AUDEV
43
Neutral
$32.24M-56.94%-17.74%
AUCRS
39
Underperform
€34.68M-24.37%-63.01%
AUMTC
38
Underperform
€27.13M-37.43%64.20%
AUEMC
31
Underperform
AU$31.38M-30.71%-55.70%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:DEV
DevEx Resources Ltd
0.07
-0.23
-77.33%
AU:SRZ
Stellar Resources Limited
0.02
>-0.01
-27.27%
AU:CRS
Caprice Resources Ltd.
0.05
0.02
85.71%
AU:MTC
MetalsTech Ltd
0.14
-0.09
-40.00%
AU:EMC
Everest Metals Corporation Limited
0.14
0.00
0.00%
AU:WR1
Winsome Resources Limited
0.13
-0.60
-82.19%

DevEx Resources Ltd Corporate Events

DevEx Resources Ltd Announces Cessation of 750,000 Securities
Apr 28, 2025

DevEx Resources Ltd announced the cessation of 750,000 securities due to the lapse of conditional rights, as the conditions for these securities were not met or became incapable of being satisfied. This cessation may impact the company’s capital structure and could influence investor perceptions regarding the company’s operational progress and strategic direction.

DevEx Resources Advances Uranium Exploration with Promising Discoveries
Mar 31, 2025

DevEx Resources Ltd has announced significant progress in its exploration activities, particularly at the Nabarlek Uranium Project, where multiple large-scale uranium targets have been identified. The company’s ongoing efforts in uranium exploration position it for growth in the resurging uranium sector, potentially enhancing its market position and offering promising opportunities for stakeholders.

DevEx Resources Identifies New Uranium Targets at Nabarlek Project
Mar 31, 2025

DevEx Resources Limited has identified several new large-scale uranium exploration targets around the historical Nabarlek Uranium Mine, located in the McArthur Basin. These targets, characterized by radon anomalies and large alteration footprints, have never been drilled and present significant potential for uranium mineralization. The company plans to begin field investigations to prioritize drilling areas, aiming to enhance its position in the uranium industry and potentially discover new greenfields uranium deposits.

DevEx Resources Ltd Announces Cessation of Securities
Mar 31, 2025

DevEx Resources Ltd announced the cessation of 2,500,000 securities due to the lapse of conditional rights, as the conditions were not met or became incapable of being satisfied. This cessation may impact the company’s capital structure and could influence investor perception and market positioning.

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.Date of analysis: Jun 25, 2025