DevEx Resources Ltd (AU:DEV)
:DEV
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DevEx Resources Ltd (DEV) AI Stock Analysis

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AU:DEV

DevEx Resources Ltd

(OTC:DEV)

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Neutral 46 (OpenAI - 4o)
Rating:46Neutral
Price Target:
AU$0.00
▼(-100.00% Downside)
DevEx Resources Ltd faces significant financial and valuation challenges, with ongoing profitability issues and negative cash flows. While technical indicators show some positive momentum, the overall financial health and valuation concerns weigh heavily on the stock's attractiveness.

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 mineral exploration company focused on the discovery and development of high-quality resources, primarily in the gold and base metals sectors. The company operates in key mineral-rich regions of Australia and is engaged in identifying, acquiring, and advancing mineral projects with significant potential. Its core products include exploration and development of mineral resources, with a strategic emphasis on gold and copper assets.
How the Company Makes MoneyDevEx Resources generates revenue primarily through the exploration and development of its mineral projects, with a focus on advancing them towards production. The company may earn revenue from the sale of mineral resources it discovers, joint ventures, and partnerships with other mining entities that provide funding or technical assistance. Additionally, DevEx may engage in strategic alliances or partnerships that facilitate the funding of exploration activities, which can enhance its financial position. The company also benefits from potential government grants and incentives aimed at supporting mining exploration initiatives.

DevEx Resources Ltd Financial Statement Overview

Summary
DevEx Resources Ltd is facing significant financial challenges, with a notable revenue decline and persistent negative net profit margins. The balance sheet shows minimal leverage but is weakened by negative returns on equity. Cash flow issues are evident, with negative operating and free cash flows, highlighting inefficiencies in converting income to cash.
Income Statement
20
Very Negative
DevEx Resources Ltd has experienced significant revenue volatility, with a notable revenue decline of 52.96% in the most recent year. The company consistently reports negative net profit margins, with the latest at -25.65%, indicating ongoing profitability challenges. Despite a slight improvement in margins compared to previous years, the EBIT and EBITDA margins remain deeply negative, reflecting operational inefficiencies.
Balance Sheet
35
Negative
The company's balance sheet shows a low debt-to-equity ratio of 0.01, suggesting minimal leverage and financial risk. However, the return on equity is negative at -66.27%, indicating that the company is not generating sufficient returns on shareholder investments. The equity ratio is relatively stable, but the overall financial health is weakened by persistent losses.
Cash Flow
25
Negative
DevEx Resources Ltd faces cash flow challenges, with negative operating and free cash flows. The free cash flow growth rate is negative, and the operating cash flow to net income ratio is -6.94, highlighting inefficiencies in converting income to cash. The free cash flow to net income ratio is slightly above 1, indicating that free cash flow is marginally covering net losses.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue355.32K355.32K100.00K14.17K0.000.00
Gross Profit131.91K355.32K100.00K-294.00K-376.00K-488.00K
EBITDA-9.30M-9.30M-9.90M-12.61M-11.51M-6.08M
Net Income-9.11M-9.11M-10.79M-12.94M-11.91M-6.58M
Balance Sheet
Total Assets16.07M16.07M26.31M15.92M11.29M19.49M
Cash, Cash Equivalents and Short-Term Investments7.12M7.12M16.77M12.67M7.87M16.58M
Total Debt147.29K147.29K262.23K366.66K435.70K495.99K
Total Liabilities2.31M2.31M3.43M3.46M3.20M2.70M
Stockholders Equity13.75M13.75M22.88M12.46M8.08M16.79M
Cash Flow
Free Cash Flow-9.39M-9.39M-15.12M-12.14M-9.32M-6.15M
Operating Cash Flow-9.34M-9.34M-14.84M-12.02M-9.24M-5.96M
Investing Cash Flow-121.19K-121.19K-656.83K-116.32K-188.28K-185.97K
Financing Cash Flow-189.39K-189.39K19.59M16.94M723.19K20.51M

DevEx Resources Ltd Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price0.12
Price Trends
50DMA
0.12
Positive
100DMA
0.10
Positive
200DMA
0.09
Positive
Market Momentum
MACD
>-0.01
Positive
RSI
48.25
Neutral
STOCH
24.44
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:DEV, the sentiment is Neutral. The current price of 0.12 is below the 20-day moving average (MA) of 0.12, above the 50-day MA of 0.12, and above the 200-day MA of 0.09, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 48.25 is Neutral, neither overbought nor oversold. The STOCH value of 24.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:DEV.

DevEx Resources Ltd Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
57
Neutral
AU$56.11M-32.57%-100.00%-477.06%
55
Neutral
AU$56.88M-96.79%-116.67%
46
Neutral
AU$53.00M-49.01%-100.00%19.53%
41
Neutral
AU$32.21M-20.34-10.97%71.63%
39
Underperform
AU$104.28M-16.71%-18.92%
38
Underperform
€58.84M-21.03-39.80%-4.13%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:DEV
DevEx Resources Ltd
0.12
<0.01
4.35%
AU:SRZ
Stellar Resources Limited
0.02
<0.01
50.00%
AU:EMC
Everest Metals Corporation Limited
0.11
-0.02
-15.38%
AU:MTC
MetalsTech Ltd
0.29
0.14
103.57%
AU:CRS
Caprice Resources Ltd.
0.15
0.13
525.00%
AU:WR1
Winsome Resources Limited
0.24
-0.27
-52.94%

DevEx Resources Ltd Corporate Events

DevEx Resources Announces 2025 Annual General Meeting
Oct 24, 2025

DevEx Resources Ltd has announced its Annual General Meeting (AGM) scheduled for November 27, 2025, in West Perth, Australia. Shareholders are encouraged to participate by submitting their proxy voting instructions electronically or by mail. The company emphasizes the importance of reading the meeting materials thoroughly and seeking professional advice if needed. This move reflects DevEx Resources’ commitment to efficient shareholder communication and engagement, potentially impacting its operational transparency and stakeholder relations.

DevEx Resources Identifies Promising Uranium Anomalies at Murphy West Project
Oct 6, 2025

DevEx Resources Limited has identified several kilometre-scale anomalies at its Murphy West Uranium Project in Northern Territory, Australia, through preliminary soil geochemistry. These anomalies show similar pathfinder geochemistry to the Junnagunna Uranium Deposit in Queensland, suggesting significant potential for uranium mineralization. The company is preparing for a shallow drill program scheduled for 2026, aiming to further explore these targets. The findings enhance DevEx’s position in the uranium exploration sector, potentially impacting its operations and stakeholder interests positively.

DevEx Resources Ltd Reports 2025 Progress and Outlook
Oct 6, 2025

DevEx Resources Ltd is an Australian company focused on mineral exploration, particularly in uranium and rare earths, with significant projects in the Northern Territory and Queensland. The company’s 2025 annual report highlights a year of challenges and opportunities, with a focus on advancing its uranium projects despite market volatility. Key financial metrics include a net loss before tax of $9.1 million, reflecting exploration expenses, and a decrease in cash reserves to $7.1 million. Strategic initiatives include exploration at the Nabarlek Uranium Project and the Kennedy Rare Earths Project, with promising results and government support. Looking forward, DevEx aims to capitalize on its strategic assets and the resurgent uranium market, positioning itself for potential growth in FY2026.

DevEx Resources Addresses ASX Price Query with Transparency
Sep 25, 2025

DevEx Resources Ltd has responded to an ASX Price Query, confirming that there is no undisclosed information that could explain recent trading activity in its securities. The company assures compliance with ASX Listing Rules and confirms that its responses have been authorized by appropriate officers, maintaining transparency and adherence to disclosure policies.

DevEx Resources Poised for Growth in Uranium Sector
Sep 17, 2025

DevEx Resources Ltd has released an update on its exploration activities, highlighting significant progress in identifying high-grade uranium targets at its Nabarlek Project. The company is poised for growth in the uranium sector, with multiple large-scale targets identified, which could enhance its market position and offer substantial opportunities for stakeholders.

DevEx Resources Sets Date for 2025 AGM and Director Nominations
Sep 16, 2025

DevEx Resources Limited has announced that its 2025 Annual General Meeting (AGM) will take place on November 27, 2025, with further details to be provided in a forthcoming notice. The closing date for director nominations for the AGM is set for October 9, 2025, as per ASX Listing Rule 3.13.1. This announcement is part of the company’s regular governance practices, ensuring shareholders are informed and have the opportunity to participate in the nomination process.

DevEx Resources Ltd Releases Corporate Governance Statement for FY 2025
Sep 16, 2025

DevEx Resources Ltd has released its corporate governance statement for the financial year ending June 30, 2025, which is available on their website. The statement outlines the company’s adherence to the ASX Corporate Governance Council’s principles, highlighting their commitment to transparency and accountability. This release serves to assure stakeholders of the company’s compliance with governance standards, potentially strengthening its industry position and stakeholder trust.

DevEx Resources Ltd Releases 2025 Annual Report
Sep 16, 2025

DevEx Resources Ltd has released its Annual Report for 2025, detailing the company’s financial performance and strategic initiatives. The report provides insights into the company’s operations, including its financial statements and mineral resource assessments, highlighting its commitment to transparency and growth in the resources sector.

DevEx Resources to Present at Gold Coast Investor Conference
Sep 16, 2025

DevEx Resources Limited announced that its Managing Director, Todd Ross, will present at the Resources Rising Stars Gold Coast Investor Conference on September 17th and 18th, 2025. The presentation will provide an update on the company’s activities and outlook, and will be available to investors both in-person and via live-stream, with recordings accessible post-event. This engagement is part of DevEx’s efforts to communicate its strategic direction and operational progress to stakeholders.

DevEx Resources Announces Cessation of Securities
Sep 10, 2025

DevEx Resources Ltd announced the cessation of 550,000 securities due to the expiry of options or other convertible securities without exercise or conversion. This development may impact the company’s capital structure and could influence investor perceptions regarding the company’s financial strategies and future growth prospects.

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: Nov 06, 2025