Jade Gas Holdings Limited (AU:JGH)
ASX:JGH
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Jade Gas Holdings Limited
(Sydney:JGH)
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Rating:46Neutral
Price Target:
AU$0.10
▲(226.67% Upside)
Action:Reiterated
Date:05/30/26
The score is held down primarily by very weak financial performance (no meaningful revenue, ongoing losses, and continued cash burn alongside rising debt). Technicals are supportive due to a strong uptrend, but extremely overbought momentum increases near-term downside risk. Valuation provides limited support because earnings are negative and no dividend yield is available.
Positive Factors
Capitalization Cushion
The balance sheet shows a meaningful equity base relative to assets, giving the company a capital cushion that supports operations and absorption of further losses. This strengthens solvency over months and helps access financing while restructuring toward revenue generation.
Negative Factors
No Meaningful Revenue
The company has produced effectively no revenue for multiple years, a structural weakness for an E&P firm. Without a revenue base, sustainable profitability and internally funded growth are unlikely, making the business reliant on successful project commercialization or continual external funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Capitalization Cushion
The balance sheet shows a meaningful equity base relative to assets, giving the company a capital cushion that supports operations and absorption of further losses. This strengthens solvency over months and helps access financing while restructuring toward revenue generation.
Read all positive factors
Jade Gas Holdings Limited (JGH) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$206.38M
Dividend YieldN/A
Average Volume (3M)474.63K
Price to Earnings (P/E)―
Beta (1Y)0.33
Revenue GrowthN/A
EPS Growth25.71%
CountryAU
Employees4
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding2,063,843,800
10 Day Avg. Volume619,528
30 Day Avg. Volume474,628
Financial Highlights & Ratios
PEG Ratio0.47
Price to Book (P/B)2.60
Price to Sales (P/S)0.00
P/FCF Ratio-21.46
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
Jade Gas Holdings Limited Business Overview & Revenue Model
Company Description
Headquartered in Kent Town, Australia, Jade Gas Holdings Limited specializes in the exploration and assessment of coal bed methane ventures within Mongolia. Its most significant holding is the Tavantolgoi coal bed methane project, an area of appro...
How the Company Makes Money
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Jade Gas Holdings Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
46
Neutral
Cash Flow
18
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 25.74K | 0.00 |
| Gross Profit | -119.04K | -159.00K | -150.00K | 25.74K | -70.69K |
| EBITDA | -3.97M | -5.18M | -4.43M | -3.83M | -5.98M |
| Net Income | -4.54M | -5.62M | -4.40M | -3.71M | -5.89M |
Balance Sheet | |||||
| Total Assets | 33.58M | 30.36M | 23.07M | 13.53M | 8.87M |
| Cash, Cash Equivalents and Short-Term Investments | 1.81M | 1.60M | 2.13M | 3.24M | 4.37M |
| Total Debt | 11.95M | 8.10M | 1.83M | 497.94K | 670.77K |
| Total Liabilities | 13.59M | 8.91M | 3.94M | 922.56K | 1.09M |
| Stockholders Equity | 21.09M | 22.36M | 19.86M | 13.03M | 7.91M |
Cash Flow | |||||
| Free Cash Flow | -2.56M | -10.21M | -13.09M | -10.31M | -3.88M |
| Operating Cash Flow | -2.09M | -3.06M | -3.18M | -3.47M | -2.10M |
| Investing Cash Flow | -5.46M | -7.07M | -9.88M | -6.73M | -1.77M |
| Financing Cash Flow | 7.90M | 9.44M | 11.97M | 8.94M | 8.05M |
Jade Gas Holdings Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
58 Neutral | AU$51.94M | 11.00 | 11.28% | ― | 29.92% | 6000.00% | |
50 Neutral | AU$10.57M | -11.75 | -6.39% | ― | -26.91% | ― | |
46 Neutral | AU$206.38M | -22.24 | -39.21% | ― | ― | 25.71% | |
44 Neutral | AU$32.52M | -4.39 | -17.42% | ― | ― | 3.70% | |
44 Neutral | AU$41.94M | -17.99 | -15.00% | ― | ― | 40.00% |
* Energy Sector Average
AU:JGH
Jade Gas Holdings Limited
0.10
0.07
257.14%
DE:NUB
NuEnergy Gas Limited
0.02
<0.01
50.00%
AU:HYT
Triple Energy Limited
0.02
>-0.01
-34.78%
AU:ROG
Red Sky Energy Limited
―
―
―
AU:CTP
Central Petroleum Limited
0.07
0.01
18.97%
AU:TDO
3D Oil Limited
0.08
-0.05
-38.46%
Jade Gas Holdings Limited Corporate Events
Jade Gas Issues 37.5 Million Unquoted Options in Capital Management Move
Jun 16, 2026
Jade Gas Holdings Limited has notified the market of the issue of 37,500,000 unquoted options, effective 16 June 2026. These options form part of a previously announced transaction and are not intended to be quoted on the ASX, indicating a capital...
Jade Gas Confirms Compliance as It Issues 150 Million New Shares
Jun 16, 2026
Jade Gas Holdings has issued 150,000,000 fully paid ordinary shares without a prospectus or other disclosure document, relying on provisions of the Corporations Act that permit such issues under certain conditions. The company affirmed it is up to...
Jade Gas Issues 15 Million Unquoted Performance Rights Under Incentive Scheme
Jun 16, 2026
Jade Gas Holdings Limited has notified the market that it will issue 15,000,000 unquoted performance rights under its employee incentive scheme. The performance rights, which are not intended to be quoted on the ASX, were issued on 16 June 2026, u...
Jade Gas Seeks ASX Quotation for 150 Million New Shares
Jun 16, 2026
Jade Gas Holdings Limited has applied to the ASX for quotation of 150,000,000 new fully paid ordinary shares under the code JGH. The securities, issued on 16 June 2026 pursuant to a previously announced transaction, will expand the company’s...
Jade Gas Issues 500,000 New Shares Following Option Conversion
Jun 9, 2026
Jade Gas Holdings has issued 500,000 fully paid ordinary shares following the conversion of unlisted options, conducted without a prospectus in reliance on provisions of the Corporations Act. The company confirmed it is up to date with its financi...
Jade Gas Seeks ASX Quotation for 500,000 New Ordinary Shares
Jun 9, 2026
Jade Gas Holdings Limited has applied for the quotation of 500,000 new ordinary fully paid shares on the ASX, with an issue date of June 9, 2026. The additional securities, arising from exercised options or converted instruments, modestly expand t...
Jade Gas Secures A$12m Placement and Taps Asian Markets With Strategic Advisor Hire
Jun 4, 2026
Jade Gas Holdings has appointed Xie (Richy) Shaobo as a strategic advisor to the board, leveraging his two decades of Asia-Pacific investment banking and commodities experience, including senior roles in metals and mining and a current board posit...
Jade Gas Plans Major Share and Option Issue for June 2026
Jun 4, 2026
Jade Gas Holdings Limited has lodged a new Appendix 3B with the ASX outlining a proposed issue of securities via a placement or similar structure. The company plans to issue up to 150,000,000 ordinary fully paid shares under code JGH along with 37...
Jade Gas to Issue 25 Million Unlisted Options
Jun 2, 2026
Jade Gas Holdings Limited has notified the market of the planned issue of 25,000,000 unlisted options, classified as unquoted securities, effective 2 June 2026. The issuance of these options increases the company’s pool of incentive or finan...
Jade Gas Grants Incentive Options to Director Joseph Burke
Jun 2, 2026
Jade Gas Holdings has disclosed a change in director Joseph Burke’s interests following the grant of 15 million unlisted incentive options. The options are exercisable at $0.075 each on or before 2 June 2030 and were issued for nil considera...
Jade Gas Issues 2.5 Million New Shares Under Section 708A Notice
Jun 2, 2026
Jade Gas Holdings has issued 2,500,000 fully paid ordinary shares without a prospectus, relying on provisions of section 708A of the Corporations Act that allow share issues without formal disclosure to investors. The company confirmed it is up to...
Jade Gas Seeks ASX Quotation for 2.5 Million New Shares
Jun 2, 2026
Jade Gas Holdings Limited has applied to the ASX for quotation of 2,500,000 new ordinary fully paid shares, issued on 2 June 2026. The share issue, previously outlined in a notice of meeting and approved by shareholders, is now being processed for...
Jade Gas Issues Unquoted Options and Performance Rights Under Incentive Scheme
Jun 2, 2026
Jade Gas Holdings Limited has issued 10,000,000 unquoted options expiring on 23 October 2028 with an exercise price of A$0.053, alongside 37,250,000 unquoted performance rights. The new securities, issued under an employee incentive scheme and not...
Jade Gas Secures Mongolia’s First-Ever Approved Gas Reserves
May 31, 2026
Jade Gas Holdings has secured approval from the Mongolian Minerals Reserves Council for its maiden gas reserves at the TTCBM Project, marking the first-ever natural gas reserve booking in Mongolia. The approval covers a 4.2-square-kilometre area i...
Jade Gas Wins Strong Shareholder Backing as All AGM Resolutions Pass
May 29, 2026
Jade Gas Holdings reported that all resolutions put to shareholders at its Annual General Meeting were passed on a poll, reflecting strong investor support across remuneration, board composition and capital management items. Key approvals included...
Jade Gas CEO Resigns as Mongolia CBM Projects Continue Under Existing Team
May 1, 2026
Jade Gas Holdings has announced the immediate resignation of Chief Executive Officer and Managing Director Christopher Newport due to unforeseen personal and family circumstances. The board acknowledged his role in advancing the Mongolian coal bed...
Jade Gas Options Lapse, Trimming Future Dilution and Streamlining Capital Structure
May 1, 2026
Jade Gas Holdings has announced the cessation of 60 million options across four series, each expiring in November 2029 with exercise prices ranging from $0.07 to $0.19, after the conditional rights attached to these securities lapsed on 1 May 2026...
Jade Gas Advances Mongolian CBM Project as Appraisal Phase Ends
Apr 29, 2026
Jade Gas Holdings has completed the appraisal phase of its TTCBM coal bed methane project in Mongolia’s Tavan Tolgoi basin, with both horizontal production wells at the Red Lake gasfield now producing gas and water. The company says the work...
Jade Gas Wins Key Mongolian Approval, Paving Way for TTCBM Development
Apr 27, 2026
Jade Gas Holdings has secured approval from Mongolia’s Mineral Resources and Petroleum Authority for its Appraisal Report on the TTCBM gas project, confirming the commerciality of the discovery and completing the key appraisal phase. This cl...
Jade Gas Sets 29 May 2026 AGM, Moves to Digital Meeting Materials
Apr 23, 2026
Jade Gas Holdings Limited has scheduled its Annual General Meeting for 9:30 a.m. AEST on 29 May 2026 at its Rundle Street office in Kent Town, South Australia. The company will provide the notice of meeting and proxy materials electronically via i...
Jade Gas Outlines Near-Term High-Margin Gas Strategy in New Corporate Presentation
Apr 23, 2026
Jade Gas Holdings has released a corporate presentation outlining its positioning as a near-term, high-margin gas producer, highlighting its contingent gas resources and internal technical capabilities. The document underscores the company’s...
Jade Gas Issues New Shares Following Capital Raise for Mongolian Gas Project
Apr 9, 2026
Jade Gas Holdings has issued 71,666,667 fully paid ordinary shares without a prospectus under the Corporations Act’s section 708A provisions. The placement follows the company’s recent A$1.8 million capital raise to advance what it des...
Jade Gas Seeks ASX Quotation for 71.7 Million New Shares
Apr 9, 2026
Jade Gas Holdings Limited has applied for quotation on the ASX of 71,666,667 ordinary fully paid shares, with an issue date of 9 April 2026. The new securities, lodged via an Appendix 2A, expand the company’s quoted share base and may influe...
Jade Gas Issues 80 Million Unquoted Options as Part of Capital Management
Apr 9, 2026
Jade Gas Holdings Limited has notified the market of the issue of 80,000,000 unquoted options, exercisable at $0.053 and expiring on 23 October 2028. The options were issued on 9 April 2026 as part of previously announced transactions and will not...
Jade Gas Plans Major Equity and Option Issue to Fund Growth
Mar 31, 2026
Jade Gas Holdings has announced a proposed capital raising through the issue of up to 71,666,667 new fully paid ordinary shares and 80,000,000 options, each option exercisable at $0.053 and expiring on 23 October 2028. The securities are to be iss...
Jade Gas Raises A$1.8m to Advance Mongolia’s First Commercial Gas Operation
Mar 31, 2026
Jade Gas Holdings has raised A$1.8 million via a placement of 60 million new shares at A$0.03, issued with free attaching options, to existing sophisticated and professional investors at a 10.5% premium to its 15-day VWAP. The company will also is...
Jade Gas Outlines Governance Structure in 2025 Annual Report
Mar 30, 2026
Jade Gas Holdings Limited has released its annual report for the year ended 31 December 2025, outlining its corporate structure and key governance details. The report highlights the composition of its board, company secretary, auditors, share regi...
Jade Gas Seeks Trading Halt Ahead of Capital Raising Announcement
Mar 29, 2026
Jade Gas Holdings has requested a trading halt on its quoted securities on the ASX as it prepares to announce a proposed capital raising. The halt, granted under ASX Listing Rule 17.1, is intended to help the company manage its continuous disclosu...
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.