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NICO Resources Limited (AU:NC1)
:NC1
Australian Market

NICO Resources Limited (NC1) AI Stock Analysis

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AU

NICO Resources Limited

(Sydney:NC1)

Rating:40Underperform
Price Target:
NICO Resources Limited's overall stock score of 40 reflects significant challenges in financial performance, with consistent losses and negative cash flow. The technical analysis shows no strong momentum, and the stock trades below key moving averages. Valuation metrics indicate potential overvaluation due to the negative P/E ratio and absence of dividends. Strategic changes are needed to improve financial health and investor confidence.

NICO Resources Limited (NC1) vs. iShares MSCI Australia ETF (EWA)

NICO Resources Limited Business Overview & Revenue Model

Company DescriptionNICO 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 Resources Limited was incorporated in 2021 and is based in Perth, Australia.
How the Company Makes MoneyNICO Resources Limited generates revenue primarily through the exploration and potential extraction of nickel resources. The company invests in identifying and developing nickel-rich sites, with the goal of eventually mining and selling nickel ore to manufacturers and industrial clients. Revenue streams are largely dependent on successful discovery and development of nickel deposits, and the company may also engage in strategic partnerships or joint ventures with other mining companies to share costs and risks. Additionally, NICO Resources might earn income from selling exploration rights or licensing agreements related to its projects.

NICO Resources Limited Financial Statement Overview

Summary
Income Statement
Balance Sheet
Cash Flow
Breakdown
Jun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income StatementTotal Revenue
0.000.000.005.94K3.74K
Gross Profit
-181.91K-197.82K-29.99K5.94K3.74K
EBIT
-3.28M-4.31M5.31M-25.50K-31.99K
EBITDA
-3.77M-3.60M-817.39K5.94K2.85K
Net Income Common Stockholders
-3.62M-3.82M-6.87M-25.50K783.23K
Balance SheetCash, Cash Equivalents and Short-Term Investments
4.76M4.61M10.11M11.31M36.10K
Total Assets
18.33M14.04M16.46M16.00M3.57M
Total Debt
0.00158.41K322.57K0.000.00
Net Debt
-4.59M-4.45M-9.79M-11.31M-36.10K
Total Liabilities
712.50K818.50K604.35K1.42M83.37K
Stockholders Equity
17.62M13.22M15.85M14.58M2.52M
Cash FlowFree Cash Flow
-6.55M-5.46M-2.40M-1.10M-1.34M
Operating Cash Flow
-2.33M-2.19M-981.71K4.58K2.85K
Investing Cash Flow
-4.23M6.11M-1.11M-1.11M-1.34M
Financing Cash Flow
6.71M-166.38K12.19M1.09M1.29M

NICO Resources Limited Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.09
Price Trends
50DMA
0.08
Positive
100DMA
0.08
Positive
200DMA
0.09
Negative
Market Momentum
MACD
<0.01
Negative
RSI
60.16
Neutral
STOCH
74.95
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:NC1, the sentiment is Positive. The current price of 0.09 is above the 20-day moving average (MA) of 0.08, above the 50-day MA of 0.08, and below the 200-day MA of 0.09, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 60.16 is Neutral, neither overbought nor oversold. The STOCH value of 74.95 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:NC1.

NICO Resources Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
51
Neutral
$2.02B-1.14-21.36%3.64%2.88%-30.57%
AUNC1
40
Underperform
-6.61%78.79%
$2.06B1,408.33-36.53%6.27%
$13.54M-120.40%
AULEG
41
Neutral
AU$20.38M-10.22%-5.88%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:NC1
NICO Resources Limited
0.09
-0.03
-25.00%
IPGDF
IGO
2.73
-1.85
-40.39%
PSDNF
Poseidon Nickel Limited
AU:LEG
Legend Mining Limited
0.01
0.00
0.00%

NICO Resources Limited Corporate Events

NICO Resources Director Increases Shareholding
May 5, 2025

NICO Resources Limited has announced a change in the director’s interest, specifically regarding Jonathan Shellabear’s holdings. As of May 1, 2025, Shellabear acquired 154,124 fully paid ordinary shares, increasing his total to 2,900,000 shares. This change reflects a strategic adjustment in his investment, potentially signaling confidence in the company’s future performance.

Nico Resources Advances Wingellina Project Amid Market Challenges
Apr 27, 2025

Nico Resources Limited reported progress in the March 2025 quarter despite challenging market conditions, including weak commodity prices and trade uncertainties. The company continued to advance its Wingellina project by developing a geometallurgical model and reducing discretionary spending to adapt to the current economic environment. The project is expected to benefit from strengthening nickel prices in the medium term, supporting its long-term viability and potential impact on stakeholders.

Nico Resources Director Increases Shareholding
Apr 10, 2025

Nico Resources Limited has announced a change in the director’s interest, specifically regarding Jonathan Shellabear, who has acquired 43,597 fully paid ordinary shares, increasing his total holding to 2,745,876 shares. This change reflects a slight increase in the director’s stake in the company, potentially indicating confidence in the company’s future performance and aligning the director’s interests with those of the shareholders.

NICO Resources Director Adjusts Shareholding
Apr 4, 2025

NICO Resources Limited has announced a change in the interests of its director, Jonathan Shellabear, in the company’s securities. On April 4, 2025, Shellabear acquired 272,279 fully paid ordinary shares and disposed of 250,000 performance shares, resulting in a total holding of 2,702,279 fully paid ordinary shares. This change reflects a strategic adjustment in Shellabear’s investment in the company, potentially signaling confidence in the company’s future performance.

NICO Resources Limited to Quote 250,000 New Securities on ASX
Apr 3, 2025

NICO Resources Limited has announced the quotation of 250,000 fully paid ordinary securities on the Australian Securities Exchange (ASX) under the code NC1, effective from April 4, 2024. This move signifies the company’s strategic efforts to enhance its market presence and potentially increase its capital base, which could have implications for its operational growth and stakeholder engagement.

NICO Resources Limited Announces Director’s Share Disposal
Mar 26, 2025

NICO Resources Limited announced a change in the director’s interest, with Director Rod Corps disposing of 600,000 fully paid ordinary shares through an off-market transfer. This change reduces his total holdings to 8,400,000 shares, potentially impacting the company’s stock dynamics and signaling strategic financial adjustments within the company’s leadership.

Nico Resources Director Increases Shareholding
Mar 26, 2025

Nico Resources Limited has announced a change in the director’s interest, specifically for Jonathan Shellabear, who has acquired an additional 100,000 fully paid ordinary shares, increasing his total to 2,430,000 shares. This acquisition reflects a personal investment of $8,100 and indicates confidence in the company’s future performance, potentially impacting shareholder perception and market positioning.

NICO Resources Limited Releases Half-Year Financial Report
Mar 11, 2025

NICO Resources Limited has released its half-year financial report for the period ending December 31, 2024. The report includes various financial statements and declarations, providing insights into the company’s financial performance and position. This release is crucial for stakeholders as it offers a comprehensive overview of the company’s financial health and operational outcomes, which could influence future investment and strategic decisions.

Nico Resources Highlights Wingellina’s World-Class Nickel-Cobalt Potential
Feb 19, 2025

Nico Resources Limited has released an investor presentation highlighting the ongoing developments at their Wingellina Nickel-Cobalt Project. The presentation reaffirms the project’s status as a Tier 1 resource and discusses the continued applicability of previous assumptions and estimates regarding ore reserves and mineral resources. The company outlines the potential risks associated with their operations, including market fluctuations and regulatory hurdles, while maintaining a positive outlook based on their current data and assessments.

Director Increases Stake in NICO Resources Limited
Feb 18, 2025

NICO Resources Limited has announced a change in the interest of its director, Jonathan Shellabear, who has acquired an additional 109,295 fully paid ordinary shares, bringing his total to 2,330,000 shares. This acquisition reflects a continued confidence in the company’s financial performance and future prospects, potentially signaling positive implications for stakeholders and market positioning.

Nico Resources Director Increases Stake, Signals Confidence
Feb 14, 2025

Nico Resources Limited has announced a change in the shareholding of one of its directors, Jonathan Shellabear. On February 12, 2025, Shellabear acquired 68,542 fully paid ordinary shares, increasing his total holdings to 2,220,705 shares. This acquisition reflects confidence in the company’s future performance, as indicated by the director’s vested performance rights contingent on future share price milestones.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

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.