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DevEx Resources Ltd
(Sydney:DEV)
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Rating:52Neutral
Price Target:
AU$0.23
▲(41.88% Upside)
Action:Reiterated
Date:06/23/26
Overall score is held down primarily by weak financial performance (revenue contraction, persistent losses, and negative cash flows) despite low leverage. Technicals are comparatively strong with the price above key moving averages and positive MACD, but valuation signals are constrained by loss-making results and no dividend support.
Positive Factors
Low leverage
A debt-to-equity ratio of 0.01 indicates minimal financial leverage, lowering solvency risk and interest burden. For a capital-intensive explorer, low debt preserves flexibility to pursue drilling, structure farm-outs, or wait for favourable asset-sale timing without urgent refinancing pressure.
Negative Factors
Revenue decline
Significant revenue contraction and volatile top-line trends reduce internal funding and weaken bargaining power in JV or sale negotiations. For an exploration company, shrinking monetisation inflows increase dependence on external capital and heighten execution risk for project advancement.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
A debt-to-equity ratio of 0.01 indicates minimal financial leverage, lowering solvency risk and interest burden. For a capital-intensive explorer, low debt preserves flexibility to pursue drilling, structure farm-outs, or wait for favourable asset-sale timing without urgent refinancing pressure.
Read all positive factors
DevEx Resources Ltd (DEV) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$177.58M
Dividend YieldN/A
Average Volume (3M)1.76M
Price to Earnings (P/E)―
Beta (1Y)2.10
Revenue Growth-100.00%
EPS Growth35.62%
CountryAU
Employees6
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.02
Shares Outstanding710,330,440
10 Day Avg. Volume2,256,041
30 Day Avg. Volume1,762,349
Financial Highlights & Ratios
PEG Ratio0.17
Price to Book (P/B)2.25
Price to Sales (P/S)87.00
P/FCF Ratio-3.29
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.41Price Target Upside156.25% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.02
Revenue Forecast (FY)N/A
DevEx Resources Ltd Business Overview & Revenue Model
Company Description
DevEx Resources Limited, together with its subsidiaries, engages in the exploration and evaluation of mineral properties in Australia. It explores for uranium, copper, nickel, gold, rare earth element, and platinum group element. The company was f...
How the Company Makes Money
DevEx Resources does not generally generate recurring operating revenue from producing mines; instead, it is typically funded through capital raises and any monetisation of exploration assets. Potential ways the company can make money include: (1)...
DevEx Resources Ltd Financial Statement Overview
Summary
Income Statement
20
Very Negative
Balance Sheet
35
Negative
Cash Flow
25
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 355.32K | 100.00K | 14.17K | 0.00 | 0.00 |
| Gross Profit | -389.00K | 355.32K | 100.00K | -294.00K | -376.00K | -488.00K |
| EBITDA | -7.63M | -9.30M | -9.90M | -12.61M | -11.51M | -6.08M |
| Net Income | -8.49M | -9.11M | -10.79M | -12.94M | -11.91M | -6.58M |
Balance Sheet | ||||||
| Total Assets | 33.27M | 16.07M | 26.31M | 15.92M | 11.29M | 19.49M |
| Cash, Cash Equivalents and Short-Term Investments | 24.16M | 7.12M | 16.77M | 12.67M | 7.87M | 16.58M |
| Total Debt | 96.84K | 147.29K | 262.23K | 366.66K | 435.70K | 495.99K |
| Total Liabilities | 2.79M | 2.31M | 3.43M | 3.46M | 3.20M | 2.70M |
| Stockholders Equity | 30.48M | 13.75M | 22.88M | 12.46M | 8.08M | 16.79M |
Cash Flow | ||||||
| Free Cash Flow | -6.23M | -9.39M | -15.12M | -12.14M | -9.32M | -6.15M |
| Operating Cash Flow | -6.17M | -9.34M | -14.84M | -12.02M | -9.24M | -5.96M |
| Investing Cash Flow | -259.21K | -121.19K | -656.83K | -116.32K | -188.28K | -185.97K |
| Financing Cash Flow | 21.55M | -189.39K | 19.59M | 16.94M | 723.19K | 20.51M |
DevEx Resources Ltd Technical Analysis
Positive
0.16
Price Trends
0.22
Positive
0.21
Positive
0.19
Positive
Market Momentum
<0.01
Positive
51.41
Neutral
37.30
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:DEV, the sentiment is Positive. The current price of 0.16 is below the 20-day moving average (MA) of 0.26, below the 50-day MA of 0.22, and below the 200-day MA of 0.19, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 51.41 is Neutral, neither overbought nor oversold. The STOCH value of 37.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:DEV.
DevEx Resources Ltd 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% | |
60 Neutral | AU$152.77M | 145.00 | 0.67% | ― | ― | -28.57% | |
52 Neutral | AU$177.58M | -13.13 | -38.38% | ― | -100.00% | 35.62% | |
50 Neutral | AU$130.29M | -4.49 | -54.77% | ― | -4.13% | 5.02% | |
47 Neutral | AU$131.47M | -48.08 | -19.34% | ― | ― | 62.50% | |
46 Neutral | AU$119.29M | -2,991.00 | -0.02% | ― | ― | 99.44% | |
44 Neutral | AU$93.38M | -54.89 | -1.99% | ― | ― | 81.34% |
* Basic Materials Sector Average
AU:DEV
DevEx Resources Ltd
0.25
0.16
172.22%
AU:ARL
Ardea Resources
0.43
<0.01
1.18%
AU:TLG
Talga Group
0.26
-0.15
-36.25%
AU:QGL
Quantum Graphite Ltd
0.38
-0.10
-21.87%
AU:GL1
Global Lithium Resources Ltd.
0.46
0.28
155.56%
AU:RNU
Renascor Resources Limited
0.06
>-0.01
-7.94%
DevEx Resources Ltd Corporate Events
DevEx Issues Shares on Conversion of Performance Rights, Confirms Regulatory Compliance
Jul 9, 2026
DevEx Resources has issued 250,000 fully paid ordinary shares following the conversion of an equivalent number of vested performance rights, as previously flagged in an Appendix 2A filing. The company has confirmed that the share issue was conduct...
DevEx Seeks ASX Quotation for 250,000 New Ordinary Shares
Jul 9, 2026
DevEx Resources Limited has applied for quotation on the ASX of 250,000 new ordinary fully paid shares, with an issue date of 8 July 2026. The additional securities arise from the exercise or conversion of existing options or other convertible sec...
DevEx completes Alligator Energy uranium acquisition, secures largest land position in NT’s Alligator Rivers
Jun 29, 2026
DevEx Resources has completed the acquisition of Alligator Energy’s uranium exploration tenement package in the Alligator Rivers Uranium Province in the Northern Territory, paying the remaining cash consideration under a previously announced...
DevEx Wins NT Funding as Major Nabarlek Uranium Drilling Campaign Nears
Jun 22, 2026
DevEx Resources is finalising preparations for a large drilling campaign at its Nabarlek Uranium Project in the Northern Territory, with around 17,000m of reverse circulation and diamond drilling set to begin in mid-July across high-priority targe...
DevEx Added to Sprott Junior Uranium Miners ETF, Boosting Uranium Profile
Jun 21, 2026
DevEx Resources has been added as a constituent of the US-listed Sprott Junior Uranium Miners ETF, which tracks an index of small and mid-sized uranium-focused companies worldwide. The inclusion underscores the growing prominence of DevEx’s ...
DevEx sharpens uranium exploration push at Nabarlek and Murphy West
May 3, 2026
DevEx Resources has released an investor presentation positioning itself as an emerging force in uranium exploration, centred on its Nabarlek and Murphy West projects in the Northern Territory. The document consolidates recent exploration results ...
DevEx to Outline Three-Year Nabarlek Uranium Exploration Strategy in Investor Call
May 1, 2026
DevEx Resources will hold an investor conference call and webcast on 4 May 2026 to outline its uranium exploration strategy at the Nabarlek Uranium Project. The session will detail the company’s exploration target pipeline, upcoming 2026 dri...
DevEx Builds District-Scale Uranium Pipeline at Nabarlek After Strategic Tenement Consolidation
Apr 28, 2026
DevEx Resources has consolidated a district-scale land position at its Nabarlek Uranium Project in the Northern Territory, incorporating newly acquired tenements from Alligator Energy and Rio Tinto into a unified exploration strategy. The expanded...
DevEx bolsters cash to fast-track uranium exploration in Northern Territory
Apr 27, 2026
DevEx Resources Ltd, an Australian uranium explorer, is advancing its Nabarlek and Murphy West projects along the highly prospective McArthur Basin in the Northern Territory, a region already hosting more than 700 million pounds of uranium endowme...
DevEx Resources Issues 250,000 Unquoted Options Under Employee Incentive Scheme
Apr 24, 2026
DevEx Resources Limited has issued 250,000 unquoted options under its employee incentive scheme, with various expiry dates and exercise prices, effective 24 April 2026. The move underscores the company’s continued reliance on equity incentiv...
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.