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

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AU:DEV

DevEx Resources Ltd

(Sydney:DEV)

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Neutral 47 (OpenAI - 4o)
Rating:47Neutral
Price Target:
AU$0.00
▼(-100.00% Downside)
DevEx Resources Ltd's overall stock score is primarily impacted by its weak financial performance, characterized by declining revenues and negative profitability. Technical analysis provides some positive signals with the stock trading above key moving averages, but valuation remains unattractive due to negative earnings. The absence of earnings call insights and corporate events limits additional context.

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 negative returns on equity, and cash flow generation is weak, with negative operating and free cash flows.
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
0.11
Positive
100DMA
0.09
Positive
200DMA
0.09
Positive
Market Momentum
MACD
<0.01
Positive
RSI
47.05
Neutral
STOCH
26.67
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 0.14, above the 50-day MA of 0.11, and above the 200-day MA of 0.09, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 47.05 is Neutral, neither overbought nor oversold. The STOCH value of 26.67 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$53.67M-32.57%-100.00%-477.06%
55
Neutral
$65.99M-96.79%-116.67%
49
Neutral
AU$34.89M-10.97%71.63%
47
Neutral
$55.21M-49.01%-100.00%19.53%
39
Underperform
€92.42M-16.71%-18.92%
38
Underperform
€69.95M-39.80%-4.13%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:DEV
DevEx Resources Ltd
0.13
-0.02
-10.71%
AU:SRZ
Stellar Resources Limited
0.03
0.01
52.63%
AU:EMC
Everest Metals Corporation Limited
0.13
-0.01
-7.14%
AU:MTC
MetalsTech Ltd
0.32
0.19
142.31%
AU:CRS
Caprice Resources Ltd.
0.13
0.10
319.35%
AU:WR1
Winsome Resources Limited
0.22
-0.29
-56.86%

DevEx Resources Ltd Corporate Events

DevEx Resources Issues New Unquoted Equity Securities
Jul 29, 2025

DevEx Resources Ltd has announced the issuance of 500,000 unquoted equity securities under an employee incentive scheme. This move is part of the company’s strategy to incentivize its workforce and align their interests with the company’s growth objectives, potentially impacting its operational dynamics and stakeholder engagement.

DevEx Resources Advances Uranium Exploration at Nabarlek Project
Jul 28, 2025

DevEx Resources Ltd has identified multiple large-scale uranium exploration targets around the historical Nabarlek Uranium Mine, including the Big Radon and KP Prospects. The company has commenced a ground-based gravity survey to map prospective faults and secured government co-funding for drilling activities. Additionally, DevEx is preparing for exploration at the Sandfire and Spitfire Prospects and is progressing opportunities surrounding the Nabarlek Mine. These developments could enhance DevEx’s position in the uranium market and potentially lead to significant discoveries, impacting stakeholders and the company’s operational strategy.

DevEx Resources Advances Uranium Exploration with Promising Discoveries
Jul 21, 2025

DevEx Resources Ltd has presented updates on its exploration activities, highlighting significant progress in its uranium projects, particularly at Nabarlek and Murphy West. The company has identified multiple large-scale uranium targets and continues to report high-grade uranium intercepts, reinforcing its strong growth potential in the uranium sector. These developments position DevEx favorably within the industry, potentially enhancing its market standing and offering promising opportunities for stakeholders.

DevEx Resources Strengthens Position in Uranium Sector with Promising Exploration Results
Jul 10, 2025

DevEx Resources Ltd has released an investor presentation highlighting its strategic positioning in the uranium sector, emphasizing ongoing exploration activities at the Nabarlek Project. The company has identified multiple large-scale uranium targets and continues to report significant uranium intercepts, which could enhance its market position and attract investor interest.

DevEx Resources Launches Exploration in Northern Territory Uranium Portfolio
Jul 9, 2025

DevEx Resources Ltd has commenced field-based exploration activities across its uranium portfolio in the McArthur Basin, Northern Territory, Australia. The company is conducting ground-based gravity surveys and drilling preparations at various prospects, including Big Radon, KP, Sandfire, and Spitfire. With government co-funding and a strategic focus on high-grade uranium discoveries, DevEx aims to capitalize on the growing global interest in nuclear energy and the stable uranium market, positioning itself as a key player in the industry.

DevEx Resources to Host Investor Webinar on Uranium Exploration
Jul 8, 2025

DevEx Resources Limited announced that its Managing Director Todd Ross and Technical Director Brendan Bradley will host a live investor webinar on July 10, 2025, to update stakeholders on the company’s exploration activities in the McArthur Basin, Australia. This initiative underscores DevEx’s commitment to transparency and engagement with investors, highlighting the strategic importance of their uranium projects in a region comparable to Canada’s Athabasca Basin, potentially impacting the company’s market positioning and stakeholder interests.

DevEx Resources Announces Forfeiture of Director’s Performance Rights
Jul 3, 2025

DevEx Resources Ltd announced a change in the director’s interest, specifically the forfeiture of 297,333 performance rights previously issued under the company’s Employee Incentive Scheme. This change occurred due to the non-satisfaction of vesting conditions, impacting the director’s securities holdings but not involving any cash consideration.

DevEx Resources Announces Director’s Interest Change
Jul 3, 2025

DevEx Resources Ltd announced a change in the director’s interest, specifically involving the forfeiture of 297,333 performance rights previously issued under the company’s Employee Incentive Scheme. This change reflects the non-satisfaction of vesting conditions, impacting the director’s holdings but not affecting the company’s overall operations or market strategy.

DevEx Resources Announces Cessation of Performance Rights
Jul 2, 2025

DevEx Resources Ltd announced the cessation of 822,622 performance rights due to the lapse of conditional rights, as the conditions were not met or became incapable of being satisfied. This development may impact the company’s capital structure and could have implications for its strategic operations and stakeholder interests.

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: Oct 18, 2025