BlackEarth Minerals NL (AU:EVG)
ASX:EVG
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BlackEarth Minerals NL
(Sydney:EVG)
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Rating:54Neutral
Price Target:
AU$0.04
â–˛(30.00% Upside)
Action:Reiterated
Date:05/26/26
The score is held back primarily by weak financial performance (losses and negative operating cash flow) despite strong revenue growth and low leverage. Technicals are supportive with an uptrend across major moving averages and positive MACD, while valuation remains challenged due to negative earnings and no stated dividend yield.
Positive Factors
Revenue growth
Nearly 39% revenue growth signals durable demand expansion and improving market traction. Sustained top-line growth can generate scale economies, support future margin recovery as fixed costs are absorbed, and create reinvestment optionality for product development or capacity expansion if converted into profitable operations.
Negative Factors
Negative operating cash flow
Persistent negative operating cash flow shows core operations do not generate sufficient cash. Over months this erodes liquidity, forces reliance on external financing or equity raises, constrains reinvestment capacity, and increases execution risk until operations produce positive and stable cash inflows.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth
Nearly 39% revenue growth signals durable demand expansion and improving market traction. Sustained top-line growth can generate scale economies, support future margin recovery as fixed costs are absorbed, and create reinvestment optionality for product development or capacity expansion if converted into profitable operations.
Read all positive factors
BlackEarth Minerals NL (EVG) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$27.84M
Dividend YieldN/A
Average Volume (3M)650.79K
Price to Earnings (P/E)―
Beta (1Y)0.14
Revenue GrowthN/A
EPS Growth58.93%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding732,657,500
10 Day Avg. Volume1,272,311
30 Day Avg. Volume650,786
Financial Highlights & Ratios
PEG Ratio-0.41
Price to Book (P/B)0.81
Price to Sales (P/S)43.66
P/FCF Ratio-2.72
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
BlackEarth Minerals NL Business Overview & Revenue Model
Company Description
Evion Group NL, headquartered in West Perth, Australia, functions as an integrated graphite developer with activities across Madagascar, India, and Europe. Its principal undertaking is the Maniry graphite project, located in Southern Madagascar. T...
How the Company Makes Money
null...
BlackEarth Minerals NL Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
55
Neutral
Cash Flow
40
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 149.88K | 149.88K | 107.88K | 90.89K | 86.44K | 86.63K |
| Gross Profit | 133.49K | 149.88K | -18.10K | 73.97K | 73.80K | 77.18K |
| EBITDA | -1.44M | -3.02M | -3.30M | -4.10M | -3.43M | -3.56M |
| Net Income | -2.04M | -3.69M | -3.21M | -3.57M | -3.44M | -3.45M |
Balance Sheet | ||||||
| Total Assets | 10.14M | 8.90M | 9.78M | 11.90M | 11.82M | 7.49M |
| Cash, Cash Equivalents and Short-Term Investments | 2.30M | 1.03M | 1.95M | 4.30M | 5.81M | 6.57M |
| Total Debt | 54.41K | 65.69K | 75.17K | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 997.21K | 788.25K | 710.87K | 620.79K | 998.36K | 576.20K |
| Stockholders Equity | 9.15M | 8.11M | 9.07M | 11.28M | 10.82M | 6.92M |
Cash Flow | ||||||
| Free Cash Flow | -2.36M | -2.41M | -2.34M | -3.77M | -7.63M | -2.31M |
| Operating Cash Flow | -2.13M | -2.17M | -2.15M | -2.23M | -3.05M | -2.30M |
| Investing Cash Flow | -800.62K | -758.92K | -194.70K | -2.48M | -4.58M | -8.49K |
| Financing Cash Flow | 4.50M | 2.01M | -13.82K | 3.18M | 6.87M | 7.74M |
BlackEarth Minerals NL Technical Analysis
Positive
0.03
Price Trends
0.04
Positive
0.03
Positive
0.03
Positive
Market Momentum
>-0.01
Positive
47.18
Neutral
48.61
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:EVG, the sentiment is Positive. The current price of 0.03 is below the 20-day moving average (MA) of 0.04, below the 50-day MA of 0.04, and below the 200-day MA of 0.03, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 47.18 is Neutral, neither overbought nor oversold. The STOCH value of 48.61 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:EVG.
BlackEarth Minerals NL 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% | |
54 Neutral | AU$27.84M | -8.88 | -23.61% | ― | ― | 58.93% | |
44 Neutral | AU$5.75M | -0.31 | -247.28% | ― | ― | -766.67% | |
43 Neutral | AU$7.35M | -2.58 | -38.97% | ― | ― | 80.00% | |
43 Neutral | AU$27.27M | -3.84 | -5.94% | ― | -99.74% | -22.67% | |
42 Neutral | AU$6.27M | -1.75 | -19.33% | ― | ― | 43.90% |
* Basic Materials Sector Average
AU:EVG
BlackEarth Minerals NL
0.04
0.02
153.33%
AU:TON
Triton Minerals Limited
0.01
>-0.01
-9.09%
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Evolution Energy Minerals Limited
0.01
>-0.01
-9.09%
AU:INF
Infinity Lithium Corporation Limited
0.01
>-0.01
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AU:VML
Vital Metals Ltd
0.11
0.05
83.33%
BlackEarth Minerals NL Corporate Events
Evion Group Reshapes Governance as Joint Company Secretary Resigns
Jun 19, 2026
Evion Group NL has announced the immediate resignation of joint company secretary Kah Yan Lim, marking a change in its corporate governance team. The company expressed its appreciation for Lim’s service and emphasized that this departure doe...
Evion Group Calls July General Meeting, Moves to Streamlined Online Shareholder Access
Jun 9, 2026
Evion Group NL has called a general meeting of shareholders to be held in person in Perth on 9 July 2026 at 10:00am AWST, with the notice of meeting and explanatory materials made available online via the company’s website and ASX announceme...
Evion Group Options Lapse, Trimming Future Equity Overhang
Jun 8, 2026
Evion Group NL has confirmed the cessation of 17 million EVGAN options, which were due to expire on 8 June 2026 with an exercise price of $0.125, after the conditional rights attached to these securities lapsed because their conditions were not me...
Evion Group Seeks ASX Quotation for 5.4 Million New Shares
Jun 4, 2026
Evion Group NL has applied to the Australian Securities Exchange for quotation of 5,404,473 additional ordinary fully paid shares under its existing EVG ticker. The new securities, issued on 4 June 2026, expand the company’s quoted capital b...
Evion’s Panthera JV Delivers Early Profit as Expandable Graphite Scales
Jun 3, 2026
Evion Group NL, an Australian critical minerals processor, is building a portfolio around graphite and fluorspar, leveraging its Panthera Graphite Technologies joint venture to supply premium expandable graphite to U.S. and European markets. The c...
Evion Reaffirms Graphite Project Assumptions and Broadens Critical Minerals Push
Jun 2, 2026
Evion Group NL is advancing the Maniry graphite project in Madagascar, supported by defined mineral resources, ore reserves and exploration targets prepared under the JORC Code by multiple competent persons. The company also operates an expandable...
Evion Group Lifts Equity Placement to $7.24m With Expanded Share and Option Issue
May 29, 2026
Evion Group NL has updated the terms of its latest share placement, increasing the number of Tranche 2 shares to be issued by 20,166,667 and lifting total firm commitments to AUD 7.24 million before costs through the proposed issue of 241,333,333 ...
Evion Group Lifts Placement to A$7.24m With Expanded Share and Option Issue
May 29, 2026
Evion Group NL has updated its planned capital raising, increasing the size of Tranche 2 of its share placement by 20,166,667 shares. This lifts total firm commitments under the placement to A$7.24 million before costs, through the proposed issue ...
Evion Group Upsizes Share Placement to A$7.24 Million Ahead of Shareholder Vote
May 29, 2026
Evion Group NL has increased the size of its recently announced two-tranche share placement, lifting total firm commitments to approximately A$7.24 million at an issue price of A$0.03 per share. The upsized Tranche 2 adds a further A$605,000 via 2...
Evion Group Seeks ASX Quotation for Additional Ordinary Shares
May 27, 2026
Evion Group NL has applied to the ASX for quotation of 774,288 new ordinary fully paid shares under the code EVG. The additional securities, issued on 27 May 2026 following the exercise or conversion of existing instruments, will modestly expand t...
Major Investor Group Sells 116m Evion Shares, Ends Substantial Holding
May 26, 2026
Evion Group NL has disclosed that Atlas Strategic Assets Inc., along with individuals Ty Ludbrook and Joel Zamel, has ceased to be a substantial shareholder in the company. The change was formalised via a regulatory notice under Australia’s ...
Evion Group Clears Secondary Trading for New $0.03 Placement Shares
May 21, 2026
Evion Group NL has issued 143,003,227 new shares at $0.03 per share via a placement and has lodged a notice under section 708A(5)(e) of the Corporations Act to facilitate secondary trading of these securities. The company confirmed that the shares...
Evion Group Seeks ASX Quotation for 143 Million New Shares
May 21, 2026
Evion Group NL has applied to the Australian Securities Exchange for quotation of 143,003,227 ordinary fully paid shares under the ticker EVG. The application follows previously announced transactions, formalising the move of these securities onto...
Evion Group Updates Share Issue Details for Acquisition Consideration
May 12, 2026
Evion Group NL has lodged an updated Appendix 3B with the ASX detailing a proposed issue of securities connected to a previously announced acquisition. The update clarifies the total number of deferred consideration shares to be issued as part of ...
Evion Group Plans Equity Placement of Over 28 Million Shares
May 11, 2026
Evion Group NL has outlined plans for a new equity placement, proposing to issue up to 28,454,545 fully paid ordinary shares on the ASX. The new securities are expected to be issued on 30 June 2026, subject to the usual listing rule requirements a...
Evion Group Seeks Trading Halt Ahead of Acquisition and Capital Raise
May 8, 2026
Evion Group NL has requested a trading halt on its securities on the Australian Securities Exchange, with the pause to remain in place until either 12 May 2026 or the release of a pending announcement. The halt is intended to manage disclosure obl...
Evion Streamlines Share Register With Completion of Small-Holder Sale Facility
May 1, 2026
Evion Group NL has completed a share sale facility for investors holding parcels of shares worth less than A$500, enabling these small shareholders to exit their positions cost-effectively. The initiative targeted 845 investors with an aggregate 6...
EVION Director David Round Increases Indirect Shareholding via On-Market Purchase
Mar 29, 2026
EVION Group NL has reported a change in director David Round’s indirect interests, following an on-market purchase of 300,000 ordinary fully paid shares at $0.025 per share through Averio Investments Pty Ltd. The transaction, valued at $7,50...
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.