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$0.05
▼(-21.67% Downside)
Action:Upgraded
Date:06/23/26
The score is primarily held down by weak financial performance (declining revenue, persistent losses, and negative operating/free cash flow). Technicals add further pressure with a clear downtrend, partially offset by oversold readings. Valuation provides limited support due to the negative P/E and lack of dividend data.
Positive Factors
Strategic focus on DLE and battery-grade lithium
The company’s explicit focus on producing battery‑grade lithium via DLE aligns it with long-term EV/battery supply chain demand. If DLE scales as intended, it provides a durable route to supply battery chemicals rather than commodity concentrate sales, supporting structural market relevance.
Negative Factors
Persistent negative operating and free cash flow
Sustained negative operating and free cash flows create ongoing liquidity needs and increase reliance on external capital. This pressure can force dilutive equity raises or costly financing, constrain project timelines, and limit the company’s ability to self‑fund development or absorb setbacks.
Read all positive and negative factors
Positive Factors
Negative Factors
Strategic focus on DLE and battery-grade lithium
The company’s explicit focus on producing battery‑grade lithium via DLE aligns it with long-term EV/battery supply chain demand. If DLE scales as intended, it provides a durable route to supply battery chemicals rather than commodity concentrate sales, supporting structural market relevance.
Read all positive factors
Lake Resources N.L. (LKE) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$95.98M
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)-0.01
Shares Outstanding2,325,161,100
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 NL is an Australian company, founded in 1997 and headquartered in Sydney, that specializes in identifying and progressing lithium brine deposits throughout Argentina. Its leading asset is the entirely-owned Kachi lithium brine proje...
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 | -23.07M | -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
Negative
0.06
Price Trends
0.08
Negative
0.08
Negative
0.07
Negative
Market Momentum
>-0.01
Positive
21.23
Positive
3.72
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:LKE, the sentiment is Negative. The current price of 0.06 is above the 20-day moving average (MA) of 0.06, below the 50-day MA of 0.08, and below the 200-day MA of 0.07, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 21.23 is Positive, neither overbought nor oversold. The STOCH value of 3.72 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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% | |
49 Neutral | AU$103.14M | -8.86 | -5.62% | ― | ― | 35.64% | |
46 Neutral | AU$109.34M | -1,975.00 | -0.02% | ― | ― | 99.44% | |
43 Neutral | AU$35.84M | -24.18 | -0.02% | ― | ― | 13.53% | |
43 Neutral | AU$21.70M | -7.96 | -12.22% | ― | ― | -67.65% | |
42 Neutral | AU$95.98M | -2.86 | -19.15% | ― | ― | 17.32% | |
41 Neutral | AU$16.62M | -0.76 | -107.26% | ― | ― | 71.99% |
* Basic Materials Sector Average
AU:LKE
Lake Resources N.L.
0.04
0.02
61.54%
AU:NMT
Neometals Ltd
0.02
-0.05
-71.21%
AU:GL1
Global Lithium Resources Ltd.
0.40
0.26
182.14%
AU:LEL
Lithium Energy Ltd.
0.32
-0.05
-13.51%
AU:OCN
Oceana Lithium Ltd.
0.52
0.47
940.00%
AU:PL3
Patagonia Lithium Limited
0.09
0.05
125.00%
Lake Resources N.L. Corporate Events
Lake Resources Seeks ASX Quotation for New Share Issue
Jun 9, 2026
Lake Resources N.L. has applied to the ASX for quotation of 294,240 new ordinary fully paid shares, with an issue date of 9 June 2026. The relatively small issuance, arising from the exercise or conversion of existing options or other convertible ...
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 ...
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.