Enova Mining Limited (ENV) AI Stock Analysis

• Market Cap: AU$10.26M
• Dividend Yield: N/A
• Average Volume (3M): 8.78M
• Price to Earnings (P/E): ―
• Beta (1Y): -0.12
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 1,579,028,700
• 10 Day Avg. Volume: 7,635,865
• 30 Day Avg. Volume: 8,782,216
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.52
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -3.76
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 44 Neutral
• Price Target: AU$0.01 ▲(0.00% Upside)

The score is primarily held down by very weak operating performance (minimal/volatile revenue, sharply wider losses) and consistently negative operating/free cash flow, implying ongoing financing dependence. A debt-free balance sheet and higher equity provide some stability, but valuation is still challenged by losses (negative P/E) and limited technical insight due to missing indicators.

Enova Mining Limited Business Overview & Revenue Model

Company Description

Enova Mining Limited engages in the exploration of rare earth elements (REE) in Australia. It primarily focuses on the Charley Creek REE project, which covers 110 kilometers located in the Northern Territory. It also holds interest in Cockroach Dam, Hamilton Downs, Cloughs Dam, Hamilton Homestead, and Mulga Bore. The company was incorporated in 1999 and is based in Melbourne, Australia. Enova Mining Limited is a subsidiary of EMMCO Mining Sdn. Bhd.

How the Company Makes Money

Enova Mining Limited Financial Statement Overview

Summary

Overall financial quality is weak: revenue is minimal/volatile (2024 revenue fell to zero) and losses widened sharply (~6.8M net loss in 2024). The main positive is a low-risk capital structure with zero debt and higher equity (~9.5M in 2024), but persistent negative operating cash flow (~-0.7M in 2024) and negative free cash flow (~-1.3M in 2024) create ongoing funding risk.

Income Statement

Operating performance is very weak. Revenue remains minimal and volatile (2024 revenue fell to zero after a small 2023 base), and losses widened sharply in 2024 (net loss of ~6.8M vs ~0.4M in 2023). Profitability is consistently negative, with the business not demonstrating a stable revenue engine or a clear path to positive earnings based on the provided history.

Balance Sheet

Balance sheet risk is moderated by low leverage: total debt is zero in 2022–2024 and debt-to-equity is effectively nil in recent years. Equity increased to ~9.5M in 2024, providing a larger capital buffer. The key weakness is ongoing value erosion from losses, reflected in deeply negative returns on equity in 2024, which could pressure the equity base over time if losses persist.

Cash Flow

Cash generation is poor, with operating cash flow negative every year (including ~-0.7M in 2024) and free cash flow also consistently negative (about -1.3M in 2024). While free cash flow decline appears to have improved versus the prior year (positive growth rate in 2024), the company is still consuming cash and remains dependent on funding sources to sustain operations.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	-13.00K	0.00	10.82K	1.53K	0.00	340.00
Gross Profit	6.15K	-6.85K	10.82K	-2.71K	-4.24K	-3.90K
EBITDA	-1.77M	-6.76M	-387.04K	-134.50K	-131.84K	-133.34K
Net Income	-1.78M	-6.77M	-388.34K	-164.42K	-171.18K	-277.42K
Balance Sheet
Total Assets	10.31M	9.58M	5.98M	4.86M	4.60M	4.48M
Cash, Cash Equivalents and Short-Term Investments	566.00K	133.21K	939.06K	226.20K	64.64K	49.08K
Total Debt	0.00	0.00	0.00	0.00	385.30K	100.17K
Total Liabilities	74.00K	77.81K	36.23K	35.78K	448.78K	163.44K
Stockholders Equity	10.24M	9.50M	5.94M	4.83M	4.15M	4.32M
Cash Flow
Free Cash Flow	-1.66M	-1.31M	-787.14K	-273.46K	-234.47K	-271.94K
Operating Cash Flow	-1.20M	-718.99K	-419.76K	-114.49K	-127.86K	-168.37K
Investing Cash Flow	-3.06M	-4.44M	-367.38K	-158.97K	-106.61K	-103.57K
Financing Cash Flow	3.17M	4.35M	1.50M	435.02K	250.03K	298.25K

Enova Mining Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
AKO	45 Neutral	AU$14.22M	-5.29	-14.33%	―	―	―
ENV	44 Neutral	AU$10.26M	-5.00	-19.14%	―	―	―
RWD	42 Neutral	AU$12.34M	-6.43	―	―	―	93.44%

Enova Mining Limited Corporate Events

Enova Mining Unveils Promising Drilling Results at CODA Central Project

Enova Mining Limited has announced promising results from its auger drilling program at the CODA Central Project in Minas Gerais, Brazil. The drilling has confirmed extensive near-surface mineralization of high-grade titanium oxide, rare earth elements, and niobium oxide, indicating significant potential for the CODA group of projects. This development could enhance Enova’s position in the critical metals market and offer substantial opportunities for stakeholders.

Enova Mining Launches Diamond Drilling at East Salinas REE Project

Enova Mining Limited has initiated a diamond drilling program at its East Salinas Project in Brazil, targeting high-grade rare earth element zones identified through previous exploration. The program aims to confirm the continuity of mineralization across key targets, potentially enhancing the project’s value and positioning Enova as a significant player in the REE sector. The drilling, covering approximately 1,000 meters, seeks to unlock the full potential of these promising targets, with the potential to significantly impact the company’s operations and market positioning.

Enova Mining Updates Investor Presentation on Charley Creek Project

Enova Mining Limited has released an updated investor presentation, which includes new sample identifications and the removal of previous cautionary statements regarding the Mineral Resource Estimate for the Charley Creek Project. This update signifies a positive development in the company’s operations, potentially enhancing its market position and providing reassurance to stakeholders about the project’s viability.

Enova Mining Limited Issues ASX Notice on Securities

Enova Mining Limited has issued a notice to the ASX regarding the issuance of securities without disclosure under the Corporations Act. The company confirms compliance with relevant provisions of the Act and states there is no excluded information as per the defined sections. This announcement reflects Enova Mining’s adherence to regulatory requirements and transparency in its operations, potentially impacting its market perception and stakeholder confidence.

Enova Mining Limited Announces Quotation of New Securities

Enova Mining Limited has announced the application for the quotation of 69,214,282 securities, set to expire on December 29, 2028. This move is part of previously announced transactions and may impact the company’s market presence by increasing its securities available for trading, potentially affecting stakeholder interests and market dynamics.

Enova Mining Advances Brazilian Projects with Successful Capital Raise

Enova Mining Limited has reported significant progress in its exploration activities for the quarter ending September 2025, particularly at its East Salinas, CODA Central, and Santo Antônio do Jacinto projects in Brazil. The company confirmed high-grade rare earth mineralization at East Salinas and expanded its mineralization footprint at CODA Central, while also completing its first exploration program at Santo Antônio do Jacinto. A successful capital raise of $0.85 million will support ongoing exploration and development efforts, reflecting strong investor confidence in Enova’s strategic direction.

Enova Mining Highlights Mineral Exploration Efforts in Brazil and Australia

Enova Mining Limited has released a presentation highlighting its mineral exploration activities in Brazil and Australia, emphasizing the high-risk nature of the business. The company reassures stakeholders that there have been no material changes to previous announcements regarding its Mineral Resource Estimates and Exploration Results. This announcement underscores Enova’s commitment to transparency and maintaining investor confidence despite the inherent uncertainties in the mineral exploration sector.

Enova Mining Limited’s General Meeting Resolutions Passed

Enova Mining Limited announced the successful passing of all resolutions at its recent General Meeting, as per ASX Listing Rule 3.13.2 and Section 251AA of the Corporations Act. This outcome, authorized by the company’s board, signifies strong shareholder support and may positively impact Enova’s strategic initiatives and stakeholder confidence.