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Enova Mining Limited (AU:ENV)
ASX:ENV
Australian Market

Enova Mining Limited (ENV) AI Stock Analysis

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AU:ENV

Enova Mining Limited

(Sydney:ENV)

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Neutral 44 (OpenAI - 5.2)
Rating:44Neutral
Price Target:
AU$0.01
▲(0.00% Upside)
Action:N/ADate:01/04/26
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 (ENV) vs. iShares MSCI Australia ETF (EWA)

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 Da...

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
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
24
Negative
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue-13.00K0.0010.82K1.53K0.00340.00
Gross Profit6.15K-6.85K10.82K-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 Assets10.31M9.58M5.98M4.86M4.60M4.48M
Cash, Cash Equivalents and Short-Term Investments566.00K133.21K939.06K226.20K64.64K49.08K
Total Debt0.000.000.000.00385.30K100.17K
Total Liabilities74.00K77.81K36.23K35.78K448.78K163.44K
Stockholders Equity10.24M9.50M5.94M4.83M4.15M4.32M
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 Flow3.17M4.35M1.50M435.02K250.03K298.25K

Enova Mining Limited 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%
44
Neutral
AU$8.70M-1.51-18.00%
44
Neutral
AU$12.35M-4.1799.38%93.44%
41
Neutral
AU$13.91M-6.14-13.47%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:ENV
Enova Mining Limited
0.01
0.00
0.00%
PRESF
Perpetual Resources
TNSMF
Titanium Sands
AU:AKO
Akora Resources Ltd.
0.08
-0.02
-22.33%
AU:RWD
Reward Minerals Limited
0.05
-0.02
-26.23%

Enova Mining Limited Corporate Events

Enova Mining Seeks ASX Quotation for 345 Million New Shares
Feb 20, 2026
Enova Mining Limited has applied to the ASX for quotation of 345,333,333 new ordinary fully paid shares, to be issued on 20 February 2026. The large share issuance, lodged via an Appendix 2A, signals a significant capital move that may underpin fu...
Enova Mining Requests Trading Halt Ahead of Capital Raising Announcement
Feb 9, 2026
Enova Mining Limited has requested a trading halt on its ASX-listed securities, effective immediately, as it prepares to release an announcement regarding a proposed capital raising. The halt will remain in place until the announcement is made or ...
Enova Confirms Ionic Adsorption Rare Earth Discovery at East Salinas
Feb 9, 2026
Enova Mining has reported initial diamond drilling results from its East Salinas rare earths project in Brazil, confirming ionic adsorption clay-style mineralisation within thick surface saprolite overlying the Medina Intrusive Granite Complex. Ea...
Enova Mining Extends Brazilian Critical Minerals Footprint with High-Grade Drilling Results
Jan 30, 2026
Enova Mining reported strong progress across its Brazilian critical minerals portfolio for the December 2025 quarter, with auger drilling at the CODA East and CODA Central projects confirming widespread, near-surface titanium, rare earth element a...
Enova Advances Diamond Drilling at High-Grade East Salinas Rare Earth Project in Brazil
Jan 21, 2026
Enova Mining has completed more than 65% of its first-phase diamond drilling program at the East Salinas rare earth project in Brazil, advancing 652.21 metres across eight holes at the Bald Hill and Naked Hill prospects and now drilling a ninth ho...
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: Jan 04, 2026