Enegex Limited (AU:FMN)
ASX:FMN
Want to see AU:FMN full AI Analyst Report?
Top Page
Enegex Limited
(Sydney:FMN)
Select Model
Select Model
Rating:42Neutral
Price Target:
AU$0.19
▼(-26.15% Downside)
Action:Reiterated
Date:05/08/26
The score is driven primarily by very weak financial performance (minimal revenue, recurring and widening losses, and persistent cash burn with shrinking equity). Technical indicators also point to weak momentum, while valuation offers limited support due to negative earnings and no dividend data.
Positive Factors
Low leverage / no reported debt
No reported debt provides durable financial flexibility: it lowers fixed financing costs, reduces default risk and preserves borrowing capacity. For a cash‑burning business this structural lack of leverage extends strategic options and runway over the next several months.
Negative Factors
Persistent negative profitability
Consistent and worsening operating losses signal the business lacks a path to near‑term profitability. Continued losses erode investor capital, constrain reinvestment in growth and heighten the need for external funding, creating structural execution and solvency risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / no reported debt
No reported debt provides durable financial flexibility: it lowers fixed financing costs, reduces default risk and preserves borrowing capacity. For a cash‑burning business this structural lack of leverage extends strategic options and runway over the next several months.
Read all positive factors
Enegex Limited (FMN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$49.58M
Dividend YieldN/A
Average Volume (3M)1.25M
Price to Earnings (P/E)―
Beta (1Y)0.88
Revenue GrowthN/A
EPS Growth75.81%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding300,514,000
10 Day Avg. Volume685,090
30 Day Avg. Volume1,251,233
Financial Highlights & Ratios
PEG Ratio-0.29
Price to Book (P/B)3.12
Price to Sales (P/S)0.00
P/FCF Ratio-8.50
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
Enegex Limited Business Overview & Revenue Model
Company Description
Enegex Limited explores for, evaluates, and invests in natural resource properties in Australia. The company explores for nickel, copper, and PGE deposits. It holds 100% interests in the West Yilgarn project that comprises 20 granted exploration l...
Enegex Limited Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
46
Neutral
Cash Flow
22
Negative
| Breakdown |
|---|
Income Statement |
| Total Revenue |
| Gross Profit |
| EBITDA |
| Net Income |
Balance Sheet |
| Total Assets |
| Cash, Cash Equivalents and Short-Term Investments |
| Total Debt |
| Total Liabilities |
| Stockholders Equity |
Cash Flow |
| Free Cash Flow |
| Operating Cash Flow |
| Investing Cash Flow |
| Financing Cash Flow |
Enegex Limited Technical Analysis
Negative
0.26
Price Trends
0.24
Negative
0.26
Negative
0.21
Negative
Market Momentum
-0.01
Positive
23.99
Positive
9.52
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:FMN, the sentiment is Negative. The current price of 0.26 is above the 20-day moving average (MA) of 0.24, above the 50-day MA of 0.24, and above the 200-day MA of 0.21, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 23.99 is Positive, neither overbought nor oversold. The STOCH value of 9.52 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:FMN.
Enegex 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% | |
45 Neutral | AU$6.68M | -2.20 | -107.73% | ― | ― | -190.57% | |
43 Neutral | AU$10.74M | 0.82 | -45.95% | ― | ― | ― | |
43 Neutral | AU$14.40M | -1.56 | -31.75% | ― | ― | 27.48% | |
42 Neutral | AU$49.58M | -23.63 | -14.86% | ― | ― | 75.81% | |
42 Neutral | AU$7.23M | -2.49 | -49.11% | ― | ― | 33.33% |
* Basic Materials Sector Average
AU:FMN
Enegex Limited
0.17
0.09
106.25%
AU:ALB
Albion Resources Ltd.
0.05
>-0.01
-11.32%
AU:MTL
Caeneus Minerals Limited
―
―
―
AU:EM2
Eagle Mountain Mining Ltd.
0.01
0.00
0.00%
AU:BM8
Pathfinder Resources Ltd
0.07
0.01
27.45%
Enegex Limited Corporate Events
Enegex Issues 2.2 Million Unquoted Options Expiring in 2029
May 4, 2026
Enegex Limited has notified the market of the issue of 2,216,461 unquoted options, exercisable at $0.4025 and expiring on 4 May 2029, with an issue date of 4 May 2026. These securities form part of a previously announced transaction structure and ...
Enegex Expands Côte d’Ivoire Gold Exploration and Rebrands as Famien Resources
Apr 28, 2026
Enegex reported an active March quarter, delivering its first full period of exploration in Côte d’Ivoire, where drilling at the Tougbe project’s Kalama Bave target confirmed a broad, shallow-dipping gold mineralised system and id...
Enegex director Paul Roberts boosts stake in shareholder-approved placement
Apr 21, 2026
Enegex Limited has disclosed a change in the indirect holdings of director Paul Roberts, who increased his stake through participation in a recent share placement approved by shareholders on 15 April 2026. Roberts acquired 217,391 fully paid ordin...
Enegex Issues Director Placement Shares and Confirms Regulatory Compliance
Apr 21, 2026
Enegex Limited has issued 493,795 new fully paid ordinary shares through a director placement that was previously announced in February and approved by shareholders at a general meeting in mid-April, modestly expanding its share base. The company ...
Enegex Seeks ASX Quotation for 493,795 New Shares
Apr 21, 2026
Enegex Limited has applied for quotation of 493,795 new ordinary fully paid shares on the Australian Securities Exchange under the code ENX. The securities were issued on 21 April 2026 as part of previously announced transactions, modestly expandi...
Enegex Wins Strong Shareholder Backing at General Meeting
Apr 15, 2026
Enegex Limited has reported the outcomes of its 15 April 2026 general meeting in Perth, where shareholders voted on a series of special and ordinary resolutions. The meeting was conducted in accordance with ASX listing rules and the Corporations A...
Enegex Confirms Broad Gold System in Côte d’Ivoire with Strong Maiden Aircore Results
Mar 30, 2026
Enegex Limited has reported strong maiden aircore drilling results from the Kalama Bave prospect within its Tougbe exploration permit in Côte d’Ivoire, confirming multiple shallow gold-mineralised zones in weathered chlorite schist. The...
Enegex Sets April Perth Meeting as It Accelerates Digital Shareholder Communications
Mar 11, 2026
Enegex Limited has called a general meeting of shareholders to be held as a physical event in Perth on 15 April 2026, with investors able to attend in person. The company is shifting toward electronic dissemination of meeting materials, making the...
Enegex Calls April 2026 Meeting to Approve Name Change and Capital Moves
Mar 11, 2026
Enegex Limited has called a general meeting of shareholders for 15 April 2026 in Perth, stressing that voting eligibility will be based on the share register as at 13 April 2026. The meeting will consider a proposal to change the company’s n...
Enegex Releases Half-Year Report and Confirms Corporate Structure
Mar 11, 2026
Enegex Limited has released its half-year financial report for the period ended 31 December 2025, providing shareholders with an update on its corporate status and regulatory compliance. The report confirms the company’s ongoing ASX listing,...
Enegex Seeks ASX Quotation for 43.8 Million New Shares
Mar 4, 2026
Enegex Limited has applied to the ASX for quotation of 43,835,417 new ordinary fully paid shares under code ENX, with an issue date of 5 March 2026. The securities form part of a previously announced transaction, signalling a material expansion of...
Enegex Plans Major Share and Option Issue to Boost Capital Base
Feb 26, 2026
Enegex Limited has notified the ASX of a proposed capital raising through the issue of up to 44,329,212 new ordinary fully paid shares and 2,216,461 unlisted options. The securities are to be issued via a placement or other type of issue, with a p...
Enegex Raises A$10.2m to Accelerate Côte d’Ivoire Gold Exploration Push
Feb 26, 2026
Enegex Limited has raised A$10.2 million via a targeted share placement, boosting its cash position to about A$14.3 million and drawing strong support from existing shareholders and new institutional and high net worth investors. The funding under...
Enegex Requests Trading Halt Ahead of Capital Raising Announcement
Feb 23, 2026
Enegex Limited has requested a trading halt in its securities on the Australian Securities Exchange, effective 24 February 2026. The halt will remain in place until either the company releases a market announcement or normal trading resumes on 26 ...
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.