Enova Mining Limited (AU:ENV)
ASX:ENV
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Enova Mining Limited
(Sydney:ENV)
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Rating:42Neutral
Price Target:
AU$0.01
▲(0.00% Upside)
Action:ReiteratedDate:04/10/26
The score is held down primarily by very weak financial performance (losses, zero revenue in 2025 annual, and ongoing cash burn). A debt-free balance sheet provides some support, but valuation signals are constrained by negative earnings and no dividend data, and technical conviction is limited due to missing indicators.
Positive Factors
Debt-free balance sheet
A debt-free capital structure materially reduces financial distress risk and interest obligations over the next several months. This durability gives management flexibility to prioritize operations or growth, negotiate from a stronger cash-flow-neutral position, and avoid forced asset sales.
Negative Factors
Revenue collapse to zero
Revenue dropping to zero is a fundamental structural red flag: without sales the company cannot self-fund operations. Over a 2–6 month horizon this forces reliance on external capital or major operational change, raising execution and financing risk materially.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A debt-free capital structure materially reduces financial distress risk and interest obligations over the next several months. This durability gives management flexibility to prioritize operations or growth, negotiate from a stronger cash-flow-neutral position, and avoid forced asset sales.
Read all positive factors
Enova Mining Limited (ENV) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$9.67M
Dividend YieldN/A
Average Volume (3M)8.78M
Price to Earnings (P/E)―
Beta (1Y)-0.15
Revenue Growth-100.00%
EPS Growth79.49%
CountryAU
Employees3
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)0.00
Shares Outstanding1,933,256,100
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
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
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 | -1.58M | -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)
AU:ENV
Enova Mining Limited
0.01
0.00
0.00%
PRESF
Perpetual Resources
―
―
―
TNSMF
Titanium Sands
―
―
―
AU:AKO
Akora Resources Ltd.
0.08
-0.03
-28.81%
AU:RWD
Reward Minerals Limited
0.04
>-0.01
-14.00%
Enova Mining Limited Corporate Events
Enova Confirms High-Grade Rare Earth Mineralisation at East Salinas in Brazil
Apr 8, 2026
Enova Mining has reported further high-grade rare earth element intercepts from its maiden diamond drilling program at the East Salinas project in Brazil, confirming ionic adsorption clay-style mineralisation within thick surface saprolite over th...
Enova Mining Updates Governance Framework to Align With ASX Principles
Mar 31, 2026
Enova Mining has released its updated Corporate Governance Statement, detailing how its board and management structures align with the ASX Corporate Governance Council’s latest principles. The company underscores a strong connection between ...
Enova Mining Releases 2025 Annual Report for Listed Australian Operations
Mar 31, 2026
Enova Mining Limited has released its annual report for the year ended 31 December 2025, detailing the consolidated financial performance and position of the company and its subsidiaries. The report, authorised by the board on 31 March 2026, inclu...
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.