Lake Resources N.L. (AU:LKE)
ASX:LKE
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Lake Resources N.L.
(Sydney:LKE)
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Rating:47Neutral
Price Target:
AU$0.09
▲(46.67% Upside)
Action:Reiterated
Date:04/23/26
The score is held down primarily by weak financial performance (declining revenue, ongoing losses, and negative operating/free cash flow). Technicals are a supportive offset with price above major moving averages and positive MACD, but valuation remains constrained by loss-making fundamentals and no dividend support.
Positive Factors
Focus on DLE and lithium brine assets
Lake’s strategic focus on lithium brines and direct lithium extraction (DLE) aligns its asset base with structural EV/battery demand. Over the medium term, advancing brine projects with DLE positions the company to supply battery-grade chemicals if commercialized, supporting long-term market relevance.
Negative Factors
Negative operating and free cash flows
Sustained negative operating and free cash flows constrain the company’s ability to self-fund exploration and development. Over 2–6 months this raises the likelihood of external financing, dilution, or delayed project timelines, materially affecting the path to commercial revenues.
Read all positive and negative factors
Positive Factors
Negative Factors
Focus on DLE and lithium brine assets
Lake’s strategic focus on lithium brines and direct lithium extraction (DLE) aligns its asset base with structural EV/battery demand. Over the medium term, advancing brine projects with DLE positions the company to supply battery-grade chemicals if commercialized, supporting long-term market relevance.
Read all positive factors
Lake Resources N.L. (LKE) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$191.37M
Dividend YieldN/A
Average Volume (3M)49.01M
Price to Earnings (P/E)―
Beta (1Y)1.80
Revenue GrowthN/A
EPS Growth17.32%
CountryAU
Employees30,000
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.02
Shares Outstanding2,318,244,600
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 NL explores for and develops lithium brine projects in Argentina. Its flagship project is its 100% owned the Kachi lithium brine project that consists of 39 mining leases covering an area of approximately 74,000 hectares located in ...
How the Company Makes Money
Lake Resources’ business model is to create value by discovering, delineating, permitting, financing, and developing lithium brine assets with the objective of eventually producing and selling battery-grade lithium products. In general, if and whe...
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
0.08
Positive
0.09
Positive
0.06
Positive
Market Momentum
<0.01
Negative
67.42
Neutral
77.83
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 0.08, and below the 200-day MA of 0.06, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 67.42 is Neutral, neither overbought nor oversold. The STOCH value of 77.83 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% | |
51 Neutral | AU$26.92M | -3.45 | -12.22% | ― | ― | -67.65% | |
49 Neutral | AU$132.80M | 51.54 | -0.02% | ― | ― | 99.44% | |
49 Neutral | AU$101.59M | 111.61 | -5.62% | ― | ― | 35.64% | |
47 Neutral | AU$191.37M | -4.93 | -19.15% | ― | ― | 17.32% | |
43 Neutral | AU$35.84M | -7.76 | -0.02% | ― | ― | 13.53% | |
41 Neutral | AU$34.16M | -25.46 | -107.26% | ― | ― | 71.99% |
* Basic Materials Sector Average
AU:LKE
Lake Resources N.L.
0.08
0.05
170.97%
AU:NMT
Neometals Ltd
0.04
-0.05
-55.29%
AU:GL1
Global Lithium Resources Ltd.
0.51
0.33
180.56%
AU:LEL
Lithium Energy Ltd.
0.32
-0.05
-13.51%
AU:OCN
Oceana Lithium Ltd.
0.52
0.48
1460.61%
AU:PL3
Patagonia Lithium Limited
0.13
0.08
170.83%
Lake Resources N.L. Corporate Events
Lake Resources Posts Quarterly Cash Outflow as Exploration and Corporate Spend Continue
Apr 28, 2026
Lake Resources reported a net cash outflow of A$4.7 million from operating activities in the March 2026 quarter, driven mainly by A$5.1 million in administration and corporate costs and continued exploration and evaluation spending. The company of...
Lake Resources applies to quote additional fully paid ordinary shares on ASX
Apr 27, 2026
Lake Resources N.L. has lodged an application with the ASX for quotation of 120,086 new fully paid ordinary shares under code LKE. The new securities, issued on 27 April 2026 following the exercise or conversion of existing instruments, will margi...
Lake Resources Reports Lapse of 1.7 Million Performance Rights
Apr 27, 2026
Lake Resources N.L. has notified the market that 1,703,500 performance rights, trading under the ASX code LKEAR, have lapsed without being exercised or converted. The cessation of these securities, effective 7 April 2026, slightly reduces the comp...
Lake Resources Seeks ASX Quotation for New Share Issue
Apr 2, 2026
Lake Resources N.L. has applied to the ASX for quotation of 57,230 new ordinary fully paid shares under its ticker LKE, with an issue date of 2 April 2026. The relatively small issuance, arising from the exercise or conversion of existing securiti...
Lake Resources Updates Market on Lapse of Listed Options
Apr 2, 2026
Lake Resources N.L. has announced the cessation of 3,897,878 listed options with the ASX code LKEAS, which expired unexercised on 30 March 2026. The lapse of these options slightly reduces the company’s potential future dilution from option ...
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...
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.