BlackEarth Minerals NL (AU:EVG)
ASX:EVG
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BlackEarth Minerals NL
(Sydney:EVG)
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Rating:52Neutral
Price Target:
AU$0.05
▲(53.33% Upside)
Action:Reiterated
Date:05/22/26
The score is held back primarily by weak financial performance (losses and negative operating cash flow) despite strong revenue growth and a low-leverage balance sheet. Technicals are a relative positive with price above major moving averages and improving momentum, while valuation is pressured by negative earnings and no dividend data.
Positive Factors
Revenue Growth
Sustained revenue growth of 38.93% demonstrates expanding market penetration and product adoption. Over a 2–6 month horizon this trend can create scale benefits, support margin recovery if cost control follows, and provide a larger base for converting revenue into positive cash flow.
Negative Factors
Profitability
Persistent negative net profit and EBIT margins mean the company’s operations and overall business are loss-making. This weak profitability limits retained earnings, increases dependency on external funding, and signals structural cost or pricing issues that must be addressed to reach durable profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained revenue growth of 38.93% demonstrates expanding market penetration and product adoption. Over a 2–6 month horizon this trend can create scale benefits, support margin recovery if cost control follows, and provide a larger base for converting revenue into positive cash flow.
Read all positive factors
BlackEarth Minerals NL (EVG) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$30.51M
Dividend YieldN/A
Average Volume (3M)650.79K
Price to Earnings (P/E)―
Beta (1Y)0.04
Revenue GrowthN/A
EPS Growth58.93%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding726,392,760
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 operates as an integrated graphite developer in Madagascar, India, and Europe. Its flagship project is the Maniry graphite project located in Southern Madagascar. The company was formerly known as BlackEarth Minerals NL and changed ...
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
Neutral
0.03
Price Trends
0.03
Positive
0.03
Positive
0.03
Positive
Market Momentum
<0.01
Negative
51.62
Neutral
54.02
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:EVG, the sentiment is Neutral. The current price of 0.03 is below the 20-day moving average (MA) of 0.04, below the 50-day MA of 0.03, and above the 200-day MA of 0.03, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 51.62 is Neutral, neither overbought nor oversold. The STOCH value of 54.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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% | |
52 Neutral | AU$30.51M | -8.00 | -23.61% | ― | ― | 58.93% | |
43 Neutral | AU$8.17M | -1.84 | -38.97% | ― | ― | 80.00% | |
43 Neutral | AU$6.23M | -4.44 | -247.28% | ― | ― | -766.67% | |
42 Neutral | AU$7.84M | -2.47 | -19.33% | ― | ― | 43.90% | |
42 Neutral | AU$33.46M | -2.58 | -5.94% | ― | -99.74% | -22.67% |
* Basic Materials Sector Average
AU:EVG
BlackEarth Minerals NL
0.05
0.03
170.59%
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Triton Minerals Limited
0.01
>-0.01
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Evolution Energy Minerals Limited
0.01
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-16.67%
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Infinity Lithium Corporation Limited
0.01
>-0.01
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Vital Metals Ltd
0.14
0.08
133.33%
BlackEarth Minerals NL Corporate Events
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.