Evergreen Lithium Ltd. (AU:EG1)
ASX:EG1
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Evergreen Lithium Ltd.
(Sydney:EG1)
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Rating:41Neutral
Price Target:
AU$0.02
â–¼(-26.67% Downside)
Action:Reiterated
Date:04/28/26
The score is held down primarily by weak financial performance (minimal revenue, widening losses, ongoing cash burn, and a sharp equity decline), with bearish technicals reinforcing downside risk. Valuation is only slightly offsetting due to the negative P/E being driven by losses and the absence of dividend support.
Positive Factors
Very low leverage / zero debt
Zero recorded debt materially reduces default risk and interest burden, giving management financial flexibility to fund exploration or weather markets. Over 2–6 months this preserves optionality to raise capital from markets rather than service lenders, supporting survival and strategy execution.
Negative Factors
Minimal revenue; widening losses
The company remains pre-commercial with negligible sales and sharply deteriorating profitability. Persistent, large losses erode capital and make sustainable operations dependent on external funding, reducing predictability of long-term value creation absent a material discovery or project milestone.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage / zero debt
Zero recorded debt materially reduces default risk and interest burden, giving management financial flexibility to fund exploration or weather markets. Over 2–6 months this preserves optionality to raise capital from markets rather than service lenders, supporting survival and strategy execution.
Read all positive factors
Evergreen Lithium Ltd. (EG1) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$10.26M
Dividend YieldN/A
Average Volume (3M)1.37M
Price to Earnings (P/E)―
Beta (1Y)0.06
Revenue GrowthN/A
EPS Growth-189.10%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.08
Shares Outstanding427,649,780
10 Day Avg. Volume1,355,605
30 Day Avg. Volume1,373,849
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)1.21
Price to Sales (P/S)0.00
P/FCF Ratio-3.66
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
Evergreen Lithium Ltd. Business Overview & Revenue Model
Company Description
Evergreen Lithium Limited engages in the exploration and development of mineral deposits in Australia. The company's flagship project includes the Bynoe Lithium project that covers an area of approximately 231 square kilometers located in the Nort...
How the Company Makes Money
null...
Evergreen Lithium Ltd. Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
38
Negative
Cash Flow
24
Negative
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 28.35K | 0.00 | 0.00 |
| Gross Profit | -36.02K | -24.14K | 13.14K | 0.00 | 0.00 |
| EBITDA | -14.83M | -5.40M | -5.12M | -1.18M | -67.11K |
| Net Income | -14.87M | -5.42M | -5.14M | -1.18M | -67.11K |
Balance Sheet | |||||
| Total Assets | 4.60M | 16.89M | 21.01M | 16.32M | 17.63K |
| Cash, Cash Equivalents and Short-Term Investments | 2.14M | 5.58M | 8.69M | 6.25M | 308.00 |
| Total Debt | 0.00 | 0.00 | 0.00 | 50.00K | 2.09K |
| Total Liabilities | 237.64K | 311.68K | 779.64K | 1.25M | 391.12K |
| Stockholders Equity | 4.37M | 16.58M | 20.23M | 15.07M | -373.49K |
Cash Flow | |||||
| Free Cash Flow | -1.44M | -3.11M | -4.20M | 15.00 | 0.00 |
| Operating Cash Flow | -1.44M | -1.78M | -2.22M | 99.00 | 0.00 |
| Investing Cash Flow | -1.94M | -1.33M | -1.98M | 1.11K | 0.00 |
| Financing Cash Flow | -58.46K | 0.00 | 6.64M | 6.25M | 36.05K |
Evergreen Lithium Ltd. Technical Analysis
Negative
0.03
Price Trends
0.03
Negative
0.03
Negative
0.04
Negative
Market Momentum
>-0.01
Positive
30.00
Neutral
-30.00
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:EG1, 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 0.03, and below the 200-day MA of 0.04, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 30.00 is Neutral, neither overbought nor oversold. The STOCH value of -30.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:EG1.
Evergreen Lithium 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% | |
51 Neutral | AU$24.85M | -3.45 | -12.22% | ― | ― | -67.65% | |
47 Neutral | AU$18.58M | 25.00 | -7.13% | ― | -25.35% | 95.00% | |
46 Neutral | AU$17.75M | -2.17 | -10.22% | ― | ― | ― | |
43 Neutral | AU$8.17M | -1.84 | -38.97% | ― | ― | 80.00% | |
43 Neutral | AU$6.23M | -4.44 | -247.28% | ― | ― | -766.67% | |
41 Neutral | AU$10.26M | -1.70 | -328.72% | ― | ― | -189.10% |
* Basic Materials Sector Average
AU:EG1
Evergreen Lithium Ltd.
0.02
>-0.01
-20.00%
AU:LIT
Lithium Australia NL
0.01
0.00
0.00%
AU:EV1
Evolution Energy Minerals Limited
0.01
>-0.01
-16.67%
AU:INF
Infinity Lithium Corporation Limited
0.01
>-0.01
-38.10%
AU:LPM
Lithium Plus Minerals Ltd.
0.12
0.06
91.67%
AU:PL3
Patagonia Lithium Limited
0.12
0.08
185.71%
Evergreen Lithium Ltd. Corporate Events
Evergold Director Increases Indirect Stake Through Stage 2 Share Placement
May 8, 2026
Evergold Minerals Limited has reported a change in director Simon Lill’s interests, with his indirect holding increasing by 4,714,286 ordinary fully paid shares at $0.035 per share, bringing his indirect stake to 14,714,286 shares while his ...
EverGold Minerals Issues 5 Million New Unquoted Options
May 8, 2026
EverGold Minerals Limited has issued 5,000,000 unquoted options, each exercisable at $0.0525 and expiring on May 8, 2029, as notified in its latest Appendix 3G filing with the ASX. The creation of this new class of options expands the company̵...
Evergold Minerals Expands Capital Base with Tranche 2 Share Placement
May 8, 2026
Evergold Minerals has issued 83,790,379 fully paid ordinary shares at $0.035 per share under the Tranche 2 Placement approved by shareholders, alongside a further 6,571,429 shares issued to related parties on the same terms. The company stated the...
Evergold Minerals Seeks ASX Quotation for Over 6.5 Million New Shares
May 8, 2026
Evergold Minerals Limited has applied for quotation on the ASX of 6,571,429 new ordinary fully paid shares under code EG1, with an issue date of May 8, 2026. The additional securities expand the company’s quoted share capital, potentially en...
Evergold Minerals Seeks ASX Quotation for 83.8 Million New Shares
May 8, 2026
Evergold Minerals Limited has applied for the quotation of 83,790,379 ordinary fully paid shares on the ASX, with an issue date of May 8, 2026. The securities form part of a previously announced transaction, signalling a significant increase in th...
Evergold Wins Strong Shareholder Backing for Capital Measures at 2026 Meeting
Apr 30, 2026
Evergold Minerals Limited reported that all resolutions put to shareholders at its 2026 general meeting were passed by poll, confirming strong investor support for recent capital management and growth initiatives. The approved items included ratif...
Evergold Minerals consolidates Mt Monger, expands Leonora and bolsters cash for drilling
Apr 30, 2026
Evergold Minerals reported strong March quarter activity as it completed the acquisition of 100% of the Mt Monger Gold Project, consolidating its position over the Bare Hill Shear Zone and advancing exploration with a high-resolution gravity surve...
Evergold Minerals to Release 47.4 Million Escrowed Shares in May
Apr 30, 2026
Evergold Minerals has announced that a total of 47,356,039 fully paid ordinary shares currently under voluntary escrow will be released later in May, with 40,689,372 shares becoming freely tradeable on 23 May and a further 6,666,667 shares on 28 M...
Evergold Wins WA Co-Funded Grant to Drill Gladiator Prospect at Mt Monger
Apr 29, 2026
Evergold Minerals has secured a co-funded drilling grant under Western Australia’s Exploration Incentive Scheme for its Gladiator Prospect at the Mt Monger Gold Project. The grant will reimburse up to 50% of direct drilling costs, capped at ...
Evergold Minerals Options Expire Unexercised, Streamlining Capital Structure
Apr 16, 2026
Evergold Minerals Limited has announced the cessation of 500,000 options with an exercise price of $0.40, which expired unexercised on 11 April 2026. The expiry of these options reduces the company’s pool of potential dilutive securities, sl...
Evergold Minerals Resets Key Dates for Planned Share Placement
Mar 22, 2026
Evergold Minerals Limited has updated its previously announced plans for a proposed placement of securities, notifying the market of new key dates. The company has set 30 April 2026 as the actual date for its extraordinary general meeting and now ...
Evergold Minerals Resets Timeline for Planned Securities Placement
Mar 22, 2026
Evergold Minerals Limited has updated its proposed securities placement timetable, revising the date of its extraordinary general meeting to 30 April 2026. The company now expects to complete the planned placement after shareholder approval, with ...
Evergold Minerals Calls April General Meeting and Confirms Exploration Data
Mar 22, 2026
Evergold Minerals Limited has called a General Meeting for 11:00am AEST on 30 April 2026 and has released an access letter, notice of meeting and proxy form to shareholders. The move ensures investors are formally informed and able to vote on upco...
Evergold Minerals Flags April 2026 Expiry of 500,000 Unlisted Options
Mar 20, 2026
Evergold Minerals has notified the market that 500,000 unlisted options with an exercise price of $0.40 are scheduled to expire on 11 April 2026, three years after the company’s ASX admission. These options were originally issued to Taylor C...
Evergold Minerals narrows loss as it pivots to gold and expands WA portfolio
Mar 12, 2026
Evergold Minerals Limited reported a half-year loss of $1.08 million to 31 December 2025, slightly improved from the prior corresponding period, with lower exploration spending and reduced non-cash share-based payments helping contain costs. The c...
Evergold Retracts Comet Study Claims in Amended Mt Monger Gold Update
Feb 26, 2026
Evergold Minerals Limited has issued an amended release regarding its Mt Monger gold project after discussions with the ASX led the company to retract prior disclosure about a Fleet Space Technologies Comet-branded study. The company said it canno...
Evergold Minerals Seeks ASX Quotation for 8.6 Million New Shares
Feb 24, 2026
Evergold Minerals Limited has applied for quotation on the ASX of 8,620,690 new ordinary fully paid shares under the code EG1, with an issue date of 24 February 2026. The move increases the company’s quoted share capital and reflects the for...
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.