Lake Resources N.L. (AU:LKE)
ASX:LKE
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Lake Resources N.L.
(Sydney:LKE)
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Rating:42Neutral
Price Target:
AU$0.07
â–˛(18.33% Upside)
Action:ReiteratedDate:02/07/26
The score is driven primarily by weak financial performance (declining revenue, persistent losses, and negative operating/free cash flow). Technical indicators also point to bearish momentum (negative MACD and low RSI), while valuation is constrained by a negative P/E and no dividend support.
Positive Factors
Strategic lithium positioning (DLE, Argentina)
Lake Resources’ focus on lithium brines and development of direct lithium extraction (DLE) in Argentina aligns with long-term EV battery demand and supply-chain diversification. DLE capability plus Argentine brine resources provide durable strategic optionality to supply high-purity lithium if commercialized.
Negative Factors
Revenue decline
A near-15% revenue decline weakens internal funding and signals challenges in advancing commercial activities. For a development-stage lithium company, shrinking top-line reduces self-funding capacity, heightens reliance on external capital, and increases execution risk over the coming months unless revenue drivers reverse.
Read all positive and negative factors
Positive Factors
Negative Factors
Strategic lithium positioning (DLE, Argentina)
Lake Resources’ focus on lithium brines and development of direct lithium extraction (DLE) in Argentina aligns with long-term EV battery demand and supply-chain diversification. DLE capability plus Argentine brine resources provide durable strategic optionality to supply high-purity lithium if commercialized.
Read all positive factors
Lake Resources N.L. (LKE) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$184.52M
Dividend YieldN/A
Average Volume (3M)49.01M
Price to Earnings (P/E)―
Beta (1Y)1.85
Revenue GrowthN/A
EPS Growth67.90%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding2,318,067,100
10 Day Avg. Volume43,901,139
30 Day Avg. Volume49,008,253
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)0.31
Price to Sales (P/S)7.92
P/FCF Ratio-1.46
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
Lake Resources N.L. Business Overview & Revenue Model
Company Description
Lake Resources N.L. (LKE) is an Australian mining company focused on the exploration and development of lithium brine projects in Argentina's Lithium Triangle, which holds some of the world's largest lithium reserves. The company aims to provide a...
How the Company Makes Money
null...
Lake Resources N.L. Financial Statement Overview
Summary
Income Statement
35
Negative
Balance Sheet
45
Neutral
Cash Flow
30
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.16M | 5.68M | 21.84M | 43.70M | 9.36M | 0.00 |
| Gross Profit | 788.46K | 5.68M | 21.84M | 43.49M | 9.36M | -337.00 |
| EBITDA | -23.75M | -22.02M | -29.16M | -46.40M | -4.94M | -2.89M |
| Net Income | -28.05M | -19.55M | -52.46M | -45.75M | -5.68M | -2.89M |
Balance Sheet | ||||||
| Total Assets | 164.46M | 162.98M | 177.63M | 193.42M | 223.89M | 47.92M |
| Cash, Cash Equivalents and Short-Term Investments | 15.33M | 12.37M | 22.90M | 89.22M | 175.44M | 25.66M |
| Total Debt | 927.63K | 1.52M | 2.38M | 1.67M | 277.86K | 0.00 |
| Total Liabilities | 15.64M | 18.54M | 23.06M | 17.09M | 5.05M | 1.05M |
| Stockholders Equity | 148.87M | 144.03M | 153.15M | 171.25M | 218.83M | 46.87M |
Cash Flow | ||||||
| Free Cash Flow | -21.52M | -30.89M | -79.72M | -95.49M | -32.89M | -7.23M |
| Operating Cash Flow | -18.97M | -25.77M | -39.80M | -27.73M | -8.68M | -2.43M |
| Investing Cash Flow | -10.85M | 10.79M | -18.00M | -24.06M | -25.37M | -4.80M |
| Financing Cash Flow | 15.78M | 3.84M | 14.03M | 1.77M | 183.83M | 32.83M |
Lake Resources N.L. Technical Analysis
Positive
0.06
Price Trends
0.09
Negative
0.09
Negative
0.06
Positive
Market Momentum
>-0.01
Negative
52.79
Neutral
78.60
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:LKE, the sentiment is Positive. The current price of 0.06 is below the 20-day moving average (MA) of 0.08, below the 50-day MA of 0.09, and below the 200-day MA of 0.06, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 52.79 is Neutral, neither overbought nor oversold. The STOCH value of 78.60 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:LKE.
Lake Resources N.L. 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% | |
46 Neutral | AU$142.06M | -160.11 | -7.69% | ― | ― | -275.00% | |
45 Neutral | AU$52.87M | -2.12 | -18.67% | ― | ― | 53.31% | |
45 Neutral | AU$50.52M | -2.13 | -29.24% | ― | ― | 42.65% | |
43 Neutral | AU$41.44M | -11.22 | -0.02% | ― | ― | -12.34% | |
42 Neutral | AU$184.52M | -4.93 | -19.15% | ― | ― | 67.90% | |
41 Neutral | AU$65.58M | -7.36 | -2.83% | ― | ― | -268.97% |
* Basic Materials Sector Average
AU:LKE
Lake Resources N.L.
0.08
0.05
161.29%
AU:BSX
Blackstone Minerals Ltd
0.03
-0.04
-58.67%
AU:MEU
Marmota Limited
0.11
0.07
189.47%
AU:COD
Coda Minerals Ltd
0.14
0.06
68.75%
AU:PHO
PhosCo Ltd
0.13
0.07
108.33%
AU:LEL
Lithium Energy Ltd.
0.37
0.00
0.00%
Lake Resources N.L. Corporate Events
Lake Resources Reaffirms Kachi Lithium Study Assumptions in Investor Update
Mar 15, 2026
Lake Resources N.L. has released an investor presentation outlining updated information on its Kachi lithium project, referencing a Definitive Feasibility Study addendum, an ore reserve update and a mineral resource update completed in 2025. The c...
Lake Resources Seeks ASX Quotation for New Ordinary Shares
Mar 11, 2026
Lake Resources N.L. has applied for quotation on the ASX of 179,282 new ordinary fully paid shares under the code LKE, with an issue date of March 11, 2026. The additional shares, arising from the exercise or conversion of existing options or othe...
Lake Resources Added as S&P Dow Jones Updates All Ordinaries Rebalance
Mar 10, 2026
SP Dow Jones Indices has updated its March 2026 quarterly rebalance of the All Ordinaries index, confirming that African Gold Limited will not be added and American Rare Earths Limited will remain in the index. The revised changes include the addi...
S&P Dow Jones Unveils March 2026 Shake-Up of S&P/ASX Indices
Mar 6, 2026
SP Dow Jones Indices has announced its March 2026 quarterly rebalance of the SP/ASX indices, with constituent changes across the SP/ASX 20, 50, 100, 200 and 300 to take effect before trading opens on March 23. The reshuffle promotes Northern Star ...
Lake Resources Updates Director David Dickson’s Equity Holdings After Award Vesting
Feb 27, 2026
Lake Resources has disclosed a change in the interests of director David Dickson, following the vesting and conversion of restricted stock units under the company’s employee awards plan. After the transaction, which included withholding a po...
Lake Resources seeks ASX quotation for 3.1 million new shares
Feb 27, 2026
Lake Resources N.L. has applied for quotation on the ASX of 3,108,853 ordinary fully paid shares, with an issue date of 26 February 2026. The new securities arise from the exercise or conversion of existing options or other convertible securities,...
Lake Resources Seeks ASX Quotation for New Share Issue
Feb 22, 2026
Lake Resources N.L. has applied for quotation on the ASX of 102,894 new ordinary fully paid shares, to be issued on 20 February 2026 under the code LKE. The move slightly increases the company’s listed share capital, reflecting the conversio...
Lake Resources Seeks ASX Quotation for New Ordinary Shares
Feb 10, 2026
Lake Resources N.L. has applied to the ASX for quotation of 326,300 new ordinary fully paid shares, issued on 9 February 2026. The additional securities arise from the exercise or conversion of existing options or other convertible instruments, mo...
Lake Resources Reaffirms Kachi Lithium Project Assumptions and Resource Basis
Feb 10, 2026
Lake Resources N.L. has presented updated information on its lithium projects, emphasizing that most projects remain at the exploration target stage, with only the Kachi project supported by a formal resource statement and recent definitive feasib...
Lake Resources to Spotlight Kachi Lithium Project at Virtual Investor Conference
Feb 8, 2026
Lake Resources N.L., a lithium developer using ion exchange technology to deliver high-purity, low-carbon lithium from its flagship Kachi Project in Argentina’s Lithium Triangle, aims to meet surging demand for sustainable battery materials....
Lake Resources Amends Quarterly Cash Flow Report to Clarify Exploration Spending
Feb 4, 2026
Lake Resources has issued an amended version of its quarterly cash flow report at the request of the ASX, clarifying that approximately A$666,000 in cash outflows during the December 2025 quarter related to exploration and evaluation activities we...
Lake Resources Reports Quarterly Cash Outflow, Bolstered by Equity Funding
Jan 29, 2026
Lake Resources NL reported its quarterly cash flow for the period ended 31 December 2025, showing a net cash outflow from operating activities of A$4.2 million, primarily driven by administration and corporate costs, and a further A$0.6 million us...
Lake Resources Applies to List 8.3 Million New Shares on ASX
Jan 20, 2026
Lake Resources N.L. has lodged an application with the ASX for quotation of 8,340,913 new fully paid ordinary shares, with an issue date of 20 January 2026. The additional shares, which arise from the exercise or conversion of existing options or ...
Lake Resources Seeks ASX Quotation for 630,315 New Ordinary Shares
Jan 14, 2026
Lake Resources N.L. has applied to the ASX for quotation of 630,315 new ordinary fully paid shares, which were issued on 12 January 2026 following the exercise or conversion of existing options or other convertible securities. The additional share...
Lake Resources Seeks Quotation for 488,495 New Ordinary Shares
Jan 6, 2026
Lake Resources N.L., listed on the ASX under the code LKE, has applied for quotation of 488,495 new fully paid ordinary shares. The new securities, issued on 6 January 2026 following the exercise or conversion of existing options or other converti...
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.