Far Northern Resources Limited (FNR) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: N/A
• Average Volume (3M): 17.07K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.57
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: AU
• Employees: N/A
• Sector: General
• Sector Strength: N/A
• Industry: Gold
• EPS (TTM): -0.02
• Shares Outstanding: 71,461,136
• 10 Day Avg. Volume: 30,855
• 30 Day Avg. Volume: 17,074
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 39 Underperform
• Price Target: ―

Far Northern Resources Limited faces significant financial challenges, with no revenue generation and negative profitability metrics. The company's strong equity position provides some stability, but the reliance on external financing and lack of profitable operations are major concerns. Technical indicators show some short-term positive momentum, but the poor valuation metrics reflect the underlying financial difficulties. Overall, the stock is assessed with a low score due to these substantial risks.

Far Northern Resources Limited Business Overview & Revenue Model

Company Description

Far Northern Resources Limited (FNR) is a resource exploration and development company primarily engaged in the mining sector. The company focuses on the exploration, extraction, and processing of mineral resources, with a particular emphasis on precious metals and rare minerals. FNR's core products include gold, silver, and other high-demand minerals sourced from strategically located mining sites.

How the Company Makes Money

Far Northern Resources Limited makes money through the exploration, extraction, and sale of mineral resources. The company's primary revenue streams include the sale of extracted minerals such as gold and silver to industrial buyers, commodity traders, and refineries. Additionally, FNR may engage in joint ventures or partnerships with other mining companies to develop large-scale mining projects, thereby sharing costs and revenues. The company's earnings are also influenced by factors such as global commodity prices, operational efficiency, and the successful acquisition of exploration licenses and mining permits, which enable them to expand their resource base.

Far Northern Resources Limited Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	0.00	27.00K	0.00	0.00
Gross Profit	-106.69K	27.00K	-66.40K	-3.20K
EBITDA	-969.11K	-340.88K	-46.45K	-305.91K
Net Income	-1.08M	-394.99K	-91.72K	-286.78K
Balance Sheet
Total Assets	9.42M	1.90M	1.52M	1.66M
Cash, Cash Equivalents and Short-Term Investments	3.56M	425.89K	10.22K	92.40K
Total Debt	90.04K	0.00	77.80K	100.00K
Total Liabilities	201.51K	134.58K	78.04K	216.53K
Stockholders Equity	9.22M	1.54M	1.21M	1.19M
Cash Flow
Free Cash Flow	-1.01M	0.00	-82.18K	-231.90K
Operating Cash Flow	-1.01M	-308.20K	-82.18K	-231.90K
Investing Cash Flow	-13.06K	-1.13K	0.00	-991.68K
Financing Cash Flow	4.17M	725.00K	0.00	1.13M

Far Northern Resources Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.14
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:FNR, the sentiment is Negative. The current price of 0.14 is below the 20-day moving average (MA) of 0.14, above the 50-day MA of 0.13, and above the 200-day MA of 0.14, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 48.83 is Neutral, neither overbought nor oversold. The STOCH value of 83.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:FNR.

Far Northern Resources Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FMG	79 Outperform	$49.85B	8.59	20.21%	6.17%	-11.33%	-32.11%
BHP	74 Outperform	$192.08B	11.24	26.20%	4.18%	-2.47%	57.01%
Sector *	68 Neutral	AU$8.66B	9.73	7.48%	9.84%	28.69%	8.48%
IGO	62 Neutral	$3.32B	1,418.92	-36.53%	11.85%	-28.50%	-532.61%
S32	56 Neutral	£13.57B	60.56	-3.53%	3.57%	-19.74%	―
MIN	55 Neutral	$4.80B	50.78	-33.95%	4.54%	2.22%	-411.10%
FNR	39 Underperform		―	-22.97%	―	―	―

Far Northern Resources Limited Corporate Events

Far Northern Resources Completes Phase One of Bridge Creek Drilling

Far Northern Resources Limited has successfully completed Phase One of its drilling program at Bridge Creek in the Northern Territory. The program aimed to test extensions of known resources and verify historic drilling data. Initial results from the samples are expected in 4-6 weeks, which could impact the company’s resource estimates and future exploration strategies.

Far Northern Resources Advances Exploration with New Drilling Approvals

Far Northern Resources Limited has received approval for a comprehensive drilling program at its Bridge Creek Mining Leases in the Northern Territory, aiming to extend known gold resources and explore potential open pit development. Additionally, the company has identified new targets at its Empire site in Queensland and is considering further exploration at Rocks Reef, with potential access to the Mungana processing plant for toll treatment, indicating strategic advancements in its exploration activities.

Far Northern Resources Begins Drilling at Bridge Creek with Promising Gold Prospects

Far Northern Resources Limited has commenced drilling at its Bridge Creek Project in the Northern Territory, aiming to extend the known gold resource and test historical drilling results. The project presents a significant opportunity due to high-grade gold findings and the current high gold prices, potentially allowing for open pit development options.

Far Northern Resources Limited Quotes 4 Million New Securities on ASX

Far Northern Resources Limited has announced the quotation of 4,000,000 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of April 2, 2024. This move is expected to enhance the company’s liquidity and provide additional capital for its ongoing projects, potentially strengthening its position within the industry and offering new opportunities for stakeholders.

Far Northern Resources to Release Shares from Escrow Post-Acquisition

Far Northern Resources Limited has announced the release of 4,000,000 fully paid ordinary shares from escrow on April 2, 2025, following the acquisition of Premier Mining Pty Ltd as part of its 2024 IPO. This move allows the company to apply for quotation of these shares, potentially enhancing its market presence. However, 31,195,309 shares remain under mandatory escrow until April 12, 2026, indicating a staggered approach to increasing share liquidity.

Far Northern Resources Amends Cash Flow Reporting in Appendix 5B

Far Northern Resources Limited has amended its December 2024 Appendix 5B to provide a clearer breakdown of cash flows from investing activities. This amendment impacts the company’s financial reporting by detailing cash flows from investments and loans to other entities, which could affect stakeholders’ understanding of its financial activities.