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$0.11
▲(80.00% Upside)
Action:ReiteratedDate: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
Low leverage / capital structure
A low debt-to-equity ratio gives Lake Resources financial flexibility and lower fixed interest burdens over the medium term. This reduces refinancing and solvency risk while preserving capacity to raise capital or allocate funds toward project development as lithium projects scale.
Negative Factors
Declining revenue
A meaningful revenue decline limits scale economies and exacerbates per-unit costs for a development-stage lithium business. Falling top-line trends over the past year hinder progress toward commercial production and make financing capital-intensive project stages more difficult.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / capital structure
A low debt-to-equity ratio gives Lake Resources financial flexibility and lower fixed interest burdens over the medium term. This reduces refinancing and solvency risk while preserving capacity to raise capital or allocate funds toward project development as lithium projects scale.
Read all positive factors
Lake Resources N.L. (LKE) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$239.20M
Dividend YieldN/A
Average Volume (3M)49.01M
Price to Earnings (P/E)―
Beta (1Y)1.83
Revenue GrowthN/A
EPS Growth67.90%
CountryAU
Employees30,000
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding2,318,124,500
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
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
0.08
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% | |
52 Neutral | AU$149.89M | 51.54 | -0.02% | ― | ― | 12.50% | |
52 Neutral | AU$72.43M | -10.85 | -5.62% | ― | ― | ― | |
51 Neutral | AU$34.17M | -3.45 | -12.22% | ― | ― | ― | |
47 Neutral | AU$239.20M | -4.93 | -19.15% | ― | ― | 67.90% | |
43 Neutral | AU$35.28M | -11.22 | -0.02% | ― | ― | -12.34% | |
42 Neutral | AU$38.65M | -25.46 | -107.26% | ― | ― | 63.36% |
* Basic Materials Sector Average
AU:LKE
Lake Resources N.L.
0.11
0.07
208.82%
AU:NMT
Neometals Ltd
0.04
-0.02
-27.12%
AU:GL1
Global Lithium Resources Ltd.
0.57
0.41
256.25%
AU:LEL
Lithium Energy Ltd.
0.32
-0.05
-14.86%
AU:OCN
Oceana Lithium Ltd.
0.44
0.41
1511.11%
AU:PL3
Patagonia Lithium Limited
0.17
0.11
179.66%
Lake Resources N.L. Corporate Events
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...
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...
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.