NICO Resources Limited (AU:NC1)
ASX:NC1
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NICO Resources Limited
(Sydney:NC1)
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Rating:45Neutral
Price Target:
AU$0.16
▲(11.43% Upside)
Action:ReiteratedDate:03/17/26
The score is held down primarily by very weak financial performance (minimal revenue, ongoing losses, and negative free cash flow), partially offset by a low-debt balance sheet. Technical indicators also point to bearish momentum (below key moving averages with negative MACD), while valuation is difficult to support given the negative P/E and no dividend.
Positive Factors
Balance Sheet Strength
Very low debt and a sizable equity base provide durable financial flexibility for project development. This reduces bankruptcy risk, supports continued exploration/development spending without immediate debt service, and improves the company's ability to obtain future financing on reasonable terms.
Negative Factors
No Revenue Base
With effectively zero revenue for multiple years, the company lacks an operating cash engine to fund activities. This structural absence of top-line makes long-term value reliant on project development milestones or external capital, raising execution and financing risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
Very low debt and a sizable equity base provide durable financial flexibility for project development. This reduces bankruptcy risk, supports continued exploration/development spending without immediate debt service, and improves the company's ability to obtain future financing on reasonable terms.
Read all positive factors
NICO Resources Limited (NC1) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$24.62M
Dividend YieldN/A
Average Volume (3M)97.36K
Price to Earnings (P/E)―
Beta (1Y)2.12
Revenue GrowthN/A
EPS Growth84.36%
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
0.23
Negative
0.19
Negative
0.15
Positive
Market Momentum
-0.02
Negative
44.08
Neutral
81.02
Negative
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 0.19, below the 50-day MA of 0.23, and below the 200-day MA of 0.15, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 44.08 is Neutral, neither overbought nor oversold. The STOCH value of 81.02 is Negative, 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$12.53M | -2.58 | -11.39% | ― | -28.07% | -29.81% | |
46 Neutral | AU$35.77M | -4.34 | -19.53% | ― | ― | 3.79% | |
45 Neutral | AU$24.62M | -9.14 | -2.36% | ― | ― | 84.36% | |
43 Neutral | AU$10.62M | -13.13 | -5.53% | ― | ― | -25.00% | |
43 Neutral | AU$31.95M | -2.58 | -5.94% | ― | -67.81% | -244.10% | |
42 Neutral | AU$23.15M | -2.74 | -19.15% | ― | ― | -1034.67% |
* Basic Materials Sector Average
AU:NC1
NICO Resources Limited
0.18
0.10
125.00%
AU:WIN
Widgie Nickel Limited
0.03
0.01
68.75%
AU:VR8
Vanadium Resources Ltd.
0.02
>-0.01
-15.00%
AU:VML
Vital Metals Ltd
0.14
0.08
125.00%
AU:MGL
Magontec Limited
0.22
0.02
10.00%
AU:AR3
Australian Rare Earths Limited
0.14
0.07
86.67%
NICO Resources Limited Corporate Events
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 ...
NICO Resources Director Adjusts Shareholding Through Estate-Planning Transfer
Feb 24, 2026
NICO Resources has disclosed a change in director Rod Corps’ shareholding, following recent on-market and off-market transactions. Corps acquired 200,000 fully paid ordinary shares on market for a total of about $50,981, while transferring 8...
Nico Resources Advances Wingellina Technical Work as Nickel and Cobalt Prices Rebound
Jan 28, 2026
Nico Resources’ December quarter update details steady technical progress at its Wingellina nickel-cobalt project despite previously weak market conditions, with recent rallies in nickel and cobalt prices supported by Indonesian policy moves...
Nico Resources Completes Issue of 12.4 Million New Shares Under Placement
Jan 27, 2026
Nico Resources Limited has completed the issue of 12,435,846 fully paid ordinary shares on 28 January 2026 as part of a previously announced share placement, further strengthening its equity base. The company confirmed that the shares were issued ...
NICO Resources Seeks ASX Quotation for 12.4 Million New Shares
Jan 27, 2026
NICO Resources Limited has applied to the ASX for quotation of 12,435,846 new fully paid ordinary shares, to trade under its existing code NC1. The share issuance, previously flagged in an Appendix 3B, will expand the company’s quoted capita...
Nico Resources Reaffirms Tier-One Status of Wingellina Nickel-Cobalt Project
Jan 26, 2026
Nico Resources has released an investor presentation dated January 2026 outlining the status and credentials of its Wingellina project as a world-class, tier-one nickel-cobalt development. The document consolidates previously disclosed exploration...
NICO Resources Plans Equity Placement of Up to 12.4 Million Shares
Jan 19, 2026
NICO Resources Limited has lodged an Appendix 3B with the ASX detailing a proposed issue of up to 12,435,846 fully paid ordinary shares under a placement or similar capital-raising structure, with an intended issue date of 27 January 2026. The mov...
Nico Resources Raises A$3.7m to Accelerate Wingellina Nickel-Cobalt Development
Jan 19, 2026
Nico Resources has completed a heavily oversubscribed share placement, raising A$3.73 million through the issue of 12.4 million new shares at A$0.30 each to professional and institutional investors. The funds will be used primarily to advance expl...
Nico Resources Shares Halted Ahead of Capital Raising Announcement
Jan 15, 2026
Nico Resources Limited has requested and been granted a trading halt on its securities by the ASX, effective from 16 January 2026, as the company prepares a market announcement related to a capital raising. The halt will remain in place until the ...
Nico Resources Director Rod Corps Increases Shareholding Through On-Market Purchase
Jan 12, 2026
Nico Resources Limited has disclosed a change in the equity holdings of director Rod Corps, who maintains a direct interest in the company’s fully paid ordinary shares. The filing shows that Corps acquired 100,000 additional shares via an on...
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.