Lunnon Metals Limited (AU:LM8)
ASX:LM8
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Lunnon Metals Limited
(Sydney:LM8)
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Rating:45Neutral
Price Target:
AU$0.36
▼(-8.72% Downside)
Action:Reiterated
Date:03/24/26
The score is held down primarily by persistent losses with minimal revenue and continued cash burn, alongside bearish technical signals (price below key moving averages and negative MACD). A strong, low-debt balance sheet provides some resilience, but valuation remains hard to justify on earnings given the company is loss-making and offers no indicated dividend yield.
Positive Factors
Very low leverage / strong balance sheet
Extremely low debt relative to equity provides durable financial flexibility for an exploration company. It reduces near-term solvency and refinancing risk, allowing management to fund selective drilling or JV activity from equity or modest capital raises without large interest burdens.
Negative Factors
Persistent negative cash flow
Consistent operating and free cash outflows demonstrate the business relies on external capital to fund exploration. That creates ongoing funding and execution risk, increases probability of dilutive capital raises, and constrains the ability to progress projects toward development without new financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage / strong balance sheet
Extremely low debt relative to equity provides durable financial flexibility for an exploration company. It reduces near-term solvency and refinancing risk, allowing management to fund selective drilling or JV activity from equity or modest capital raises without large interest burdens.
Read all positive factors
Lunnon Metals Limited (LM8) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$75.94M
Dividend YieldN/A
Average Volume (3M)299.88K
Price to Earnings (P/E)―
Beta (1Y)0.91
Revenue GrowthN/A
EPS Growth40.51%
CountryAU
Employees18
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.04
Shares Outstanding223,338,940
10 Day Avg. Volume173,444
30 Day Avg. Volume299,879
Financial Highlights & Ratios
PEG Ratio0.09
Price to Book (P/B)1.58
Price to Sales (P/S)0.00
P/FCF Ratio-8.19
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)0.31
Revenue Forecast (FY)AU$50.60M
Lunnon Metals Limited Business Overview & Revenue Model
Company Description
Operating from West Perth, Australia, Lunnon Metals Limited is an Australian company dedicated to the exploration and development of nickel and gold deposits. Formed in 2014, the company's primary asset is its complete ownership of the Kambalda Ni...
How the Company Makes Money
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Lunnon Metals Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
62
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 1.55K | 7.50K | 660.00 | 0.00 |
| Gross Profit | -161.19K | -159.90K | 1.55K | -129.51K | -101.54K | -17.92K |
| EBITDA | -10.13M | -13.07M | -12.51M | -17.59M | -6.54M | -2.49M |
| Net Income | -9.84M | -13.23M | -24.11M | -17.74M | -6.65M | -2.53M |
Balance Sheet | ||||||
| Total Assets | 32.54M | 35.27M | 47.15M | 54.35M | 52.23M | 28.03M |
| Cash, Cash Equivalents and Short-Term Investments | 9.86M | 15.37M | 22.01M | 19.70M | 32.87M | 13.96M |
| Total Debt | 8.85K | 34.51K | 82.17K | 125.31K | 22.12K | 52.51K |
| Total Liabilities | 2.29M | 1.16M | 790.22K | 2.49M | 2.59M | 689.59K |
| Stockholders Equity | 30.25M | 34.11M | 46.36M | 51.86M | 49.65M | 27.34M |
Cash Flow | ||||||
| Free Cash Flow | -6.75M | -6.58M | -15.19M | -13.88M | -9.20M | -2.16M |
| Operating Cash Flow | -6.72M | -6.57M | -11.29M | -7.37M | -5.86M | -2.01M |
| Investing Cash Flow | -2.93M | -108.15K | -3.85M | -6.57M | -3.66M | -147.13K |
| Financing Cash Flow | 34.91K | 37.34K | 17.50M | 605.30K | 28.43M | 15.33M |
Lunnon Metals Limited Technical Analysis
Neutral
0.39
Price Trends
0.36
Negative
0.38
Negative
0.35
Negative
Market Momentum
-0.01
Positive
46.74
Neutral
63.87
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:LM8, the sentiment is Neutral. The current price of 0.39 is above the 20-day moving average (MA) of 0.35, above the 50-day MA of 0.36, and above the 200-day MA of 0.35, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 46.74 is Neutral, neither overbought nor oversold. The STOCH value of 63.87 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:LM8.
Lunnon Metals Limited 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% | |
47 Neutral | AU$8.79M | -8.12 | -23.12% | ― | ― | -12.50% | |
46 Neutral | AU$6.26M | -0.97 | -34.90% | ― | ― | 87.97% | |
45 Neutral | AU$75.94M | -7.77 | -30.57% | ― | ― | 40.51% | |
44 Neutral | AU$1.43M | -2.77 | -43.09% | ― | ― | 55.56% | |
44 Neutral | AU$4.10M | -0.45 | -120.84% | ― | ― | -520.00% | |
42 Neutral | AU$33.21M | -16.77 | -99.27% | ― | ― | 54.55% |
* Basic Materials Sector Average
AU:LM8
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Lunnon Metals Limited Corporate Events
Lunnon Metals Director Restructures Indirect Shareholdings Without Changing Stake
Jun 2, 2026
Lunnon Metals has disclosed a change in director Liam Twigger’s indirect interests, involving an internal restructuring of how his shareholdings are held. A total of 1,558,333 ordinary fully paid shares were transferred off-market at $0.38 p...
Lunnon Metals Starts Cash‑Generating Mining at Lady Herial and Lifts Gold Resources
Apr 29, 2026
Lunnon Metals reported a cash balance of $12.25 million at 31 March 2026, boosted by a working capital facility and initial revenues from its Lady Herial gold operations, supporting an aggressive exploration and development program. The company re...
Lunnon Metals’ Lady Herial Pit Hits Positive Cash Flow as Gold Price Offsets Cost Pressures
Apr 23, 2026
Lunnon Metals reports strong March-quarter performance at its Lady Herial open pit, where mining started in late January and has already delivered more than 38,000 tonnes of ore grading 1.56 grams per tonne gold to Gold Fields’ St Ives opera...
Lunnon Metals Flags Gold–Nickel Synergies at Lady Herial and Foster
Apr 12, 2026
Lunnon Metals has outlined an emerging opportunity to integrate its Lady Herial gold system with the existing Foster underground nickel mine, highlighting that key gold structures now extend more than 500 metres down plunge. The company’s la...
Lunnon Metals Issues New Unquoted Performance Rights Under Incentive Plan
Apr 1, 2026
Lunnon Metals Limited has notified the market of the issue of 67,649 unquoted performance rights under its employee incentive scheme. These new securities, classified as performance rights and not intended to be quoted on the ASX, were issued on 1...
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.