NICO Resources Limited (AU:NC1)
ASX:NC1
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NICO Resources Limited
(Sydney:NC1)
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Rating:47Neutral
Price Target:
AU$0.19
▲(33.57% Upside)
Action:Reiterated
Date:05/19/26
The score is primarily held back by weak operating fundamentals—minimal revenue, ongoing losses, and negative cash flow—despite an improving FY25 trajectory and a low-debt balance sheet. Technicals are mixed with the price below key short/intermediate moving averages, and valuation is difficult to assess meaningfully due to a negative P/E and no dividend data.
Positive Factors
Low leverage and sizable equity base
A near-zero debt profile and a meaningful equity cushion (~A$18.1M FY25) provide durable financial flexibility for an exploration company. Low leverage reduces insolvency risk, supports funding of exploration/development through downturns, and preserves optionality for staged project investment.
Negative Factors
Effectively zero revenue base
The absence of meaningful revenue across multiple years is a persistent fundamental weakness: it prevents internal funding of operations, impedes proof of commercial viability, and makes long-term sustainability dependent on external capital or a successful development milestone to convert exploration value into cashflows.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage and sizable equity base
A near-zero debt profile and a meaningful equity cushion (~A$18.1M FY25) provide durable financial flexibility for an exploration company. Low leverage reduces insolvency risk, supports funding of exploration/development through downturns, and preserves optionality for staged project investment.
Read all positive factors
NICO Resources Limited (NC1) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$23.94M
Dividend YieldN/A
Average Volume (3M)97.36K
Price to Earnings (P/E)―
Beta (1Y)1.95
Revenue GrowthN/A
EPS Growth10.09%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding136,794,310
10 Day Avg. Volume124,526
30 Day Avg. Volume97,358
Financial Highlights & Ratios
PEG Ratio0.16
Price to Book (P/B)0.49
Price to Sales (P/S)0.00
P/FCF Ratio-4.13
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
NICO Resources Limited Business Overview & Revenue Model
Company Description
NICO Resources Limited engages in the exploration, development, and production of mineral properties in Australia. It owns a 100% interest in the Wingellina Nickel-Cobalt project and Claude Hills project located in Western Australia. NICO Resource...
How the Company Makes Money
null...
NICO Resources Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
64
Positive
Cash Flow
24
Negative
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 5.94K |
| Gross Profit | -20.77K | -181.91K | -197.82K | -29.99K | 5.94K |
| EBITDA | 98.66K | -3.77M | -3.60M | -1.75M | 5.94K |
| Net Income | -702.66K | -3.62M | -3.82M | -6.87M | -25.50K |
Balance Sheet | |||||
| Total Assets | 18.42M | 18.33M | 14.04M | 16.46M | 16.00M |
| Cash, Cash Equivalents and Short-Term Investments | 3.51M | 4.76M | 4.61M | 10.11M | 11.31M |
| Total Debt | 18.78K | 0.00 | 158.41K | 322.57K | 0.00 |
| Total Liabilities | 344.98K | 712.50K | 818.50K | 604.35K | 1.42M |
| Stockholders Equity | 18.07M | 17.62M | 13.22M | 15.85M | 14.58M |
Cash Flow | |||||
| Free Cash Flow | -2.16M | -6.55M | -5.46M | -2.40M | -1.10M |
| Operating Cash Flow | -573.93K | -2.33M | -2.19M | -981.71K | 4.58K |
| Investing Cash Flow | -2.68M | -4.23M | 6.11M | -1.11M | -1.11M |
| Financing Cash Flow | 1.03M | 6.71M | -166.38K | 12.19M | 1.09M |
NICO Resources Limited Technical Analysis
Neutral
0.14
Price Trends
0.19
Negative
0.22
Negative
0.17
Positive
Market Momentum
>-0.01
Positive
44.73
Neutral
31.03
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:NC1, the sentiment is Neutral. The current price of 0.14 is below the 20-day moving average (MA) of 0.20, below the 50-day MA of 0.19, and below the 200-day MA of 0.17, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 44.73 is Neutral, neither overbought nor oversold. The STOCH value of 31.03 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:NC1.
NICO Resources 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$23.94M | -51.10 | -2.36% | ― | ― | 10.09% | |
46 Neutral | AU$14.19M | -2.59 | -11.39% | ― | -11.18% | 25.19% | |
46 Neutral | AU$30.67M | -5.85 | -19.53% | ― | ― | -8.74% | |
44 Neutral | AU$10.72M | -5.40 | -5.53% | ― | ― | -7.41% | |
42 Neutral | AU$18.00M | -4.22 | -19.15% | ― | ― | 93.90% | |
42 Neutral | AU$32.22M | -5.00 | -5.94% | ― | -99.74% | -22.67% |
* Basic Materials Sector Average
AU:NC1
NICO Resources Limited
0.18
0.10
139.73%
AU:WIN
Widgie Nickel Limited
0.02
>-0.01
-4.55%
AU:VR8
Vanadium Resources Ltd.
0.02
<0.01
60.00%
AU:VML
Vital Metals Ltd
0.13
0.07
116.67%
AU:MGL
Magontec Limited
0.25
0.07
36.11%
AU:AR3
Australian Rare Earths Limited
0.12
0.06
114.29%
NICO Resources Limited Corporate Events
NICO Resources Director Increases On-Market Shareholding
May 11, 2026
NICO Resources Limited has disclosed a change in the shareholding of director Rod Corps, who increased his direct holding through an on-market purchase. The transaction, conducted over 4-5 May 2026, involved acquiring 280,000 fully paid ordinary s...
Nico Resources and PBT plan integrated nickel-cobalt refining platform for global battery market
May 3, 2026
Nico Resources has signed a memorandum of understanding with Pure Battery Technologies to jointly assess building an integrated nickel and cobalt refining platform across Australia, the U.S. and Europe. The collaboration will target production of ...
Nico Resources Advances Wingellina as Nickel Market Tightens
Apr 28, 2026
Nico Resources reported quarterly progress on advancing its Wingellina nickel-cobalt project, which hosts a substantial mineral resource and an initial reserve underpinning decades of potential production. The company raised $3.73 million from ins...
NICO Resources Options Expire Unexercised, Trimming Potential Dilution
Apr 7, 2026
NICO Resources Limited has reported that 3,000,000 unlisted options with an exercise price of $0.644 expired unexercised on 23 March 2026. The expiry of these options slightly simplifies the company’s capital structure and removes a potentia...
Nico Resources Director Increases On-Market Shareholding
Mar 27, 2026
Nico Resources Limited has disclosed a change in director Rod Corps’ holdings, following an on-market purchase of additional company shares. Corps acquired 100,000 fully paid ordinary shares at a total cost of $17,500, increasing his direct ...
Nico Resources Director Increases On-Market Shareholding
Mar 19, 2026
Nico Resources Limited has disclosed a change in director Rod Corps’ shareholding, indicating a further alignment of management interests with those of shareholders. The company did not provide additional operational or strategic context in ...
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.