Haranga Resources Limited (AU:HAR)
ASX:HAR
Top Page
Haranga Resources Limited
(Sydney:HAR)
Select Model
Select Model
Rating:49Neutral
Price Target:
AU$0.13
▼(-35.50% Downside)
Action:ReiteratedDate:01/13/26
The score is held back primarily by weak financial performance (ongoing losses, cash burn, and declining equity), partially offset by constructive technical signals (price above key moving averages with positive MACD). Valuation provides limited support given negative earnings and no dividend yield data.
Positive Factors
Modest leverage
A low debt-to-equity (~0.19) materially reduces near-term solvency pressure and interest burden. For an exploration company this durable capital structure gives flexibility to raise project capital selectively, negotiate better terms, and avoid forced asset sales during multi-month funding cycles.
Negative Factors
Persistent negative cash flow
Sustained negative operating and free cash flow signals ongoing burn that cannot be met internally. Even with improvement, multi-year negative cash flow forces repeated external financing, increasing dilution risk and constraining the company’s ability to fund sustained, multi-period exploration programs without altering strategy.
Read all positive and negative factors
Positive Factors
Negative Factors
Modest leverage
A low debt-to-equity (~0.19) materially reduces near-term solvency pressure and interest burden. For an exploration company this durable capital structure gives flexibility to raise project capital selectively, negotiate better terms, and avoid forced asset sales during multi-month funding cycles.
Read all positive factors
Haranga Resources Limited (HAR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$51.13M
Dividend YieldN/A
Average Volume (3M)4.77M
Price to Earnings (P/E)―
Beta (1Y)1.43
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
Employees17
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.02
Shares Outstanding444,565,460
10 Day Avg. Volume5,202,916
30 Day Avg. Volume4,768,471
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)1.76
Price to Sales (P/S)504.20
P/FCF Ratio-1.47
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
Haranga Resources Limited Business Overview & Revenue Model
Company Description
Haranga Resources Limited explores and develops gold and uranium assets in West Africa. The company holds interests in a range of gold projects located in Cote d'Ivoire and Burkina Faso; and a uranium project in Senegal. Haranga Resources Limited ...
How the Company Makes Money
null...
Haranga Resources Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
46
Neutral
Cash Flow
20
Very Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.76K | 6.59K | 9.71K | 0.00 | 0.00 | 0.00 |
| Gross Profit | 4.76K | 6.59K | 9.71K | 0.00 | 0.00 | 0.00 |
| EBITDA | -845.00 | -2.89M | 407.31K | -3.97M | 0.00 | 9.00 |
| Net Income | -2.01M | -2.58M | -3.42M | -7.59M | -1.19M | -300.00K |
Balance Sheet | ||||||
| Total Assets | 6.55M | 2.27M | 4.49M | 4.46M | 7.00M | 110.84K |
| Cash, Cash Equivalents and Short-Term Investments | 3.94M | 10.07K | 1.96M | 2.29M | 6.32M | 87.61K |
| Total Debt | 0.00 | 350.00K | 0.00 | 0.00 | 500.00K | 0.00 |
| Total Liabilities | 551.93K | 745.07K | 175.65K | 1.07M | 8.35M | 350.79K |
| Stockholders Equity | 6.34M | 1.89M | 4.39M | 3.26M | -1.35M | -239.95K |
Cash Flow | ||||||
| Free Cash Flow | -2.35M | -2.27M | -3.02M | -3.27M | -483.20K | -84.61K |
| Operating Cash Flow | -2.35M | -2.27M | -3.02M | -3.19M | -483.20K | -84.61K |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | -22.73K | 0.00 | 0.00 |
| Financing Cash Flow | 5.31M | 327.00K | 2.67M | -811.00K | 6.71M | 0.00 |
Haranga Resources Limited Peers Comparison
UnderperformOutperform
Sector (61)
AU:HAR
Haranga Resources Limited
0.12
0.04
45.57%
PTNUF
Platina Resources Limited
0.02
<0.01
60.00%
DE:81V
QMines Ltd.
0.03
<0.01
8.70%
AU:CAE
Cannindah Resources Limited
0.04
-0.03
-47.06%
DE:YM4
Raiden Resources Limited
―
―
―
Haranga Resources Limited Corporate Events
Haranga Issues 40 Million Shares on Performance Rights Conversion Linked to Seduli Acquisition
Feb 2, 2026
Haranga Resources Limited has issued 40 million fully paid ordinary shares following the conversion of 20 million Class A and 20 million Class B performance rights, which formed part of the consideration for its 2025 acquisition of Seduli Holdings...
Haranga Resources Seeks ASX Quotation for 40 Million New Shares
Feb 2, 2026
Haranga Resources Limited has applied to the Australian Securities Exchange for quotation of 40 million new fully paid ordinary shares under its issuer code HAR. The additional shares, issued on 2 February 2026 following the exercise or conversion...
Haranga Converts Performance Rights and Extends Vendor Escrow as Lincoln and Ibel Drilling Advance
Feb 1, 2026
Haranga Resources has converted Class A and Class B Performance Rights tied to its Lincoln Gold Mine acquisition into 40 million fully paid ordinary shares for vendor Seduli, after meeting key milestones that include commencing drilling and valida...
Haranga accelerates Lincoln resource conversion and secures $14m to advance gold portfolio
Jan 29, 2026
Haranga Resources advanced its Lincoln Gold Project in California during the December 2025 quarter, mobilising an underground diamond drill rig to begin converting a historical foreign resource estimate into a JORC-compliant mineral resource, whil...
Haranga Resources Issues Shares on Option Exercise as Lincoln Drilling Progresses
Jan 20, 2026
Haranga Resources has issued 1,924,805 new fully paid ordinary shares following the exercise of an equivalent number of unlisted options at $0.08 each, with the options set to expire in June 2028. The company confirmed the share issue was complete...
Haranga Resources Seeks ASX Quotation for 1.9 Million New Shares
Jan 20, 2026
Haranga Resources Limited has applied to the ASX for quotation of 1,924,805 new fully paid ordinary shares, following the exercise or conversion of existing options or other convertible securities. The additional shares, to be quoted from 20 Janua...
Haranga Advances Drilling at Lincoln Gold Project Amid Weather-Related Delay to JORC Resource
Jan 19, 2026
Haranga Resources has reported steady progress at its Lincoln Gold Project, completing HQ diamond drilling at Cross Cut 3, advancing drilling at Cross Cut 4, and managing short-term dewatering setbacks caused by heavy rainfall that have delayed th...
>800m Mineralised Gold Trend Confirmed at Haranga’s Ibel South Project
Jan 11, 2026
Haranga Resources has reported Phase 2 aircore drilling results from its Ibel South Gold Project in southeastern Senegal, confirming a laterally extensive orogenic gold system over more than 800 metres of strike at the TMS Anomaly 3 target. The la...
Haranga Resources Issues Shares on Option Exercise and Flags Upcoming Drilling Results
Jan 7, 2026
Haranga Resources Limited has issued 500,000 fully paid ordinary shares following the exercise of an equal number of unlisted options at $0.08 each, with the options expiring on 26 June 2028, thereby slightly increasing its share capital. The comp...
Haranga Resources Applies for Quotation of 500,000 New Shares on ASX
Jan 7, 2026
Haranga Resources Limited has applied to the Australian Securities Exchange for quotation of 500,000 new fully paid ordinary shares, issued on 7 January 2026. The additional securities arise from the exercise or conversion of existing options or o...
Haranga Resources Issues Unquoted Equity Options to Support Strategic Goals
Dec 18, 2025
Haranga Resources Limited announced the issuance of 13,000,001 unquoted options set to expire on December 18, 2028, with an exercise price of $0.22. This issuance is part of a previously disclosed transaction and is intended to support the company...
Haranga Resources Concludes Second Tranche of Share Placement
Dec 18, 2025
Haranga Resources Limited has completed the second tranche of a placement announced earlier this year, issuing 30,000,000 fully paid ordinary shares and 1,785,714 shares for investor relations services. This development signifies the company’...
Haranga Resources Issues Over 31 Million New Shares
Dec 18, 2025
Haranga Resources Limited, listed on the Australian Securities Exchange (ASX) under the code HAR, has announced the issuance and quotation of 31,785,714 fully paid ordinary shares as of December 18, 2025. This move, in continuation of previously a...
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.