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Enova Mining Limited
(Sydney:ENV)
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Rating:46Neutral
Price Target:
AU$0.01
▲(0.00% Upside)
Action:Reiterated
Date:08/04/26
The score is primarily held down by weak financial performance, driven by ongoing losses, zero revenue in 2025 (annual), and continued negative operating/free cash flow. A debt-free balance sheet with growing equity provides some support, but negative ROE indicates the capital base is not translating into profitability. Limited technical data and a negative P/E (loss-making) further constrain the score.
Positive Factors
Debt-free balance sheet
A debt-free capital structure materially reduces bankruptcy and interest-service risk, giving management flexibility to time external financing or equity raises. For a mining/exploration company with lumpy capex, the lack of leverage preserves cash runway and strategic optionality over the next several months.
Negative Factors
Revenue collapse in 2025
A drop to zero revenue is a structural red flag: it indicates the company failed to generate operating sales in the year, undermining its business model and making near-term recovery dependent on material operational or commercial changes. Sustained revenue absence threatens viability and requires strategic correction.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A debt-free capital structure materially reduces bankruptcy and interest-service risk, giving management flexibility to time external financing or equity raises. For a mining/exploration company with lumpy capex, the lack of leverage preserves cash runway and strategic optionality over the next several months.
Read all positive factors
Enova Mining Limited (ENV) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$3.96M
Dividend YieldN/A
Average Volume (3M)8.78M
Price to Earnings (P/E)―
Beta (1Y)0.14
Revenue Growth-100.00%
EPS Growth79.49%
CountryAU
Employees3
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)<0.01
Shares Outstanding1,980,609,100
10 Day Avg. Volume7,635,865
30 Day Avg. Volume8,782,216
Financial Highlights & Ratios
PEG Ratio0.07
Price to Book (P/B)0.90
Price to Sales (P/S)0.00
P/FCF Ratio-8.57
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
Enova Mining Limited Business Overview & Revenue Model
Company Description
Operating in Australia, Enova Mining Limited focuses on the exploration for rare earth elements (REE). Its principal undertaking is the Charley Creek REE project, a substantial area spanning 110 kilometers within the Northern Territory. Beyond thi...
How the Company Makes Money
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Enova Mining Limited Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
58
Neutral
Cash Flow
22
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 10.82K | 1.53K | 0.00 |
| Gross Profit | -7.03K | -6.85K | 10.82K | -2.71K | -4.24K |
| EBITDA | -1.57M | -6.76M | -387.04K | -134.50K | -131.84K |
| Net Income | -1.57M | -6.77M | -388.34K | -164.42K | -171.18K |
Balance Sheet | |||||
| Total Assets | 10.88M | 9.58M | 5.98M | 4.86M | 4.60M |
| Cash, Cash Equivalents and Short-Term Investments | 189.87K | 133.21K | 939.06K | 226.20K | 64.64K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 385.30K |
| Total Liabilities | 384.62K | 77.81K | 36.23K | 35.78K | 448.78K |
| Stockholders Equity | 10.49M | 9.50M | 5.94M | 4.83M | 4.15M |
Cash Flow | |||||
| Free Cash Flow | -1.11M | -1.31M | -787.14K | -273.46K | -234.47K |
| Operating Cash Flow | -1.11M | -718.99K | -419.76K | -114.49K | -127.86K |
| Investing Cash Flow | -1.13M | -4.44M | -367.38K | -158.97K | -106.61K |
| Financing Cash Flow | 2.30M | 4.35M | 1.50M | 435.02K | 250.03K |
Enova Mining Limited 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% | |
50 Neutral | AU$8.70M | 8.86 | 12.98% | ― | ― | ― | |
46 Neutral | AU$3.96M | -2.00 | -15.18% | ― | -100.00% | 79.49% | |
44 Neutral | AU$7.74M | -0.29 | -9.07% | ― | ― | 65.52% | |
43 Neutral | AU$8.29M | -4.47 | -22.17% | ― | ― | 72.06% | |
41 Neutral | AU$10.55M | -7.12 | -21.57% | ― | ― | 65.42% |
* Basic Materials Sector Average
AU:ENV
Enova Mining Limited
0.01
0.00
0.00%
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<0.01
5.00%
Enova Mining Limited Corporate Events
Enova Mining expands rare earth footprint at Brazil’s East Salinas project
Aug 5, 2026
Enova Mining has reported further auger drilling results from the East Salinas Project in Brazil, with assays from Curioso and River Trend confirming rare earth element mineralisation from surface across multiple holes. The latest intercepts, incl...
Enova Mining Expands Rare Earth Prospects in Brazil and Northern Territory
Jul 31, 2026
Enova Mining has reported strong assay results from the Naked Hill prospect at its East Salinas Project in Brazil, confirming rare earth element enrichment in extensive surface saprolite amenable to ionic adsorption clay leaching. The company plan...
Enova Confirms High-Grade Rare Earths at Brazilian Santo António Project
Jul 28, 2026
Enova Mining has reported the discovery of rare earth element mineralisation at its Santo António do Jacinto project in Minas Gerais, Brazil, with initial auger drilling confirming near-surface saprolite-hosted REE grades and high-value magne...
Enova Steps Up Rare Earth Resource Drilling at Brazil’s Naked Hill Project
Jul 26, 2026
Enova Mining has launched a major resource delineation drilling campaign at its Naked Hill rare earth project in Brazil, focusing on the Bald Hill prospect to define saprolite-hosted REE mineralisation. The program comprises 198 auger holes in thr...
Enova Mining Director Boosts Stake via Share Issue in Lieu of Fees
May 22, 2026
Enova Mining director Dato Sia Hok Kiang has increased his direct and indirect equity stake in the company through the issue of 7,457,598 fully paid ordinary shares. The new shares, priced at $0.0067 each, were issued in lieu of director fees, fol...
Enova Mining Clears Compliance Hurdle for New Securities Issue
May 22, 2026
Enova Mining Limited has informed the ASX that it has issued new securities without a prospectus under the exemption provisions of section 708A of the Corporations Act. The company states it is fully compliant with its financial reporting and cont...
Enova Mining Seeks ASX Quotation for Director Fee Shares
May 22, 2026
Enova Mining Limited has applied to the ASX for quotation of 47,353,084 new ordinary fully paid shares issued on 22 May 2026. The shares were issued to directors as payment in lieu of cash fees, signalling a continued use of equity-based compensat...
Enova Mining Seeks ASX Quotation for 70 Million Long-Dated Options
May 22, 2026
Enova Mining Limited has applied for quotation on the ASX of 70,000,000 options, each expiring on 29 December 2028, with an issue date of 22 May 2026. The move formalises the listing of these previously announced securities and may provide additio...
Enova Mining Seeks ASX Quotation for 166.7 Million Long-Dated Options
May 22, 2026
Enova Mining Limited has applied for quotation on the ASX of 166,666,667 options, each expiring on 29 December 2028. The new options, issued under a previously announced transaction, expand the company’s listed securities base and may provid...
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.