Noble Helium Ltd. (AU:NHE)
ASX:NHE
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Noble Helium Ltd.
(Sydney:NHE)
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Rating:46Neutral
Price Target:
AU$0.04
▼(-7.50% Downside)
Action:Reiterated
Date:05/23/26
The score is primarily held down by weak financial performance—ongoing losses, inconsistent revenue, and continued free-cash-flow burn—despite modest leverage. Technicals show a recent upswing, but overbought signals (RSI > 80) limit the technical score. Valuation is also constrained by a negative P/E and no dividend yield.
Positive Factors
Balance sheet strength
Modest leverage and a sizeable equity base provide durable financial flexibility for an exploration company. This reduces immediate refinancing pressure, supports continued licensing and drilling activity, and gives management optionality to pursue farm-outs or staged development funding without imminent solvency risk.
Negative Factors
Persistent losses & negative margins
Ongoing large negative margins indicate the business has not yet reached commercial scale; persistent losses erode retained equity over time and raise the probability of dilution or asset sales to fund operations. This constrains long-term returns until commercial production is achieved.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Modest leverage and a sizeable equity base provide durable financial flexibility for an exploration company. This reduces immediate refinancing pressure, supports continued licensing and drilling activity, and gives management optionality to pursue farm-outs or staged development funding without imminent solvency risk.
Read all positive factors
Noble Helium Ltd. (NHE) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$30.97M
Dividend YieldN/A
Average Volume (3M)222.85K
Price to Earnings (P/E)―
Beta (1Y)0.66
Revenue GrowthN/A
EPS Growth13.77%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)-0.01
Shares Outstanding737,456,050
10 Day Avg. Volume114,646
30 Day Avg. Volume222,854
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)0.28
Price to Sales (P/S)482.80
P/FCF Ratio-1.70
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
Noble Helium Ltd. Business Overview & Revenue Model
Company Description
Noble Helium Limited engages in the exploration of helium projects in Tanzania. The company holds 100% interests in the North Rukwa Basin project with 12 granted prospecting licenses covering a combined area of approximately 1,467 square kilometer...
How the Company Makes Money
Noble Helium’s business model is typical of an upstream exploration and development company: it seeks to create value by discovering and de-risking helium resources and then monetizing them through development, production, and/or transactions. Rev...
Noble Helium Ltd. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
21
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 21.79K | 21.80K | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -58.12K | 21.80K | -233.18K | -72.91K | -77.64K | 0.00 |
| EBITDA | -1.60M | -4.60M | -4.13M | -2.37M | -2.65M | -40.43K |
| Net Income | -7.11M | -10.97M | -5.06M | -2.44M | -2.75M | -165.42K |
Balance Sheet | ||||||
| Total Assets | 51.01M | 48.89M | 51.16M | 22.26M | 10.72M | 308.50K |
| Cash, Cash Equivalents and Short-Term Investments | 22.20K | 37.09K | 2.26M | 4.04M | 8.46M | 13.15K |
| Total Debt | 7.15M | 5.44M | 4.75M | 0.00 | 0.00 | 20.11K |
| Total Liabilities | 12.68M | 11.07M | 6.39M | 1.23M | 198.72K | 27.03K |
| Stockholders Equity | 38.33M | 37.82M | 44.78M | 21.03M | 10.52M | 281.47K |
Cash Flow | ||||||
| Free Cash Flow | -2.50M | -6.20M | -37.13M | -17.36M | -3.08M | -184.60K |
| Operating Cash Flow | -2.03M | -2.29M | -4.04M | -3.34M | -1.44M | -124.01K |
| Investing Cash Flow | -883.55K | -3.91M | -32.62M | -14.02M | -1.64M | -60.60K |
| Financing Cash Flow | 1.34M | 3.98M | 35.01M | 12.92M | 11.58M | 0.00 |
Noble Helium Ltd. Technical Analysis
Positive
0.04
Price Trends
0.03
Positive
0.03
Positive
0.04
Positive
Market Momentum
<0.01
Negative
81.24
Negative
68.91
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:NHE, the sentiment is Positive. The current price of 0.04 is above the 20-day moving average (MA) of 0.03, above the 50-day MA of 0.03, and above the 200-day MA of 0.04, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 81.24 is Negative, neither overbought nor oversold. The STOCH value of 68.91 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:NHE.
Noble Helium Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | AU$10.62B | -3,899.15 | 3.73% | 2.28% | 1.79% | 156.48% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | AU$6.39B | 44.70 | 3.99% | 3.60% | -16.59% | ― | |
55 Neutral | AU$31.63M | -2.92 | -82.31% | ― | 23.44% | 42.80% | |
46 Neutral | AU$30.97M | -3.14 | -18.68% | ― | ― | 13.77% | |
43 Neutral | AU$100.34M | -1.24 | -73.16% | ― | 21.36% | -70.37% | |
42 Neutral | AU$4.31M | -2.23 | -145.98% | ― | ― | ― |
* Basic Materials Sector Average
AU:NHE
Noble Helium Ltd.
0.04
0.02
171.43%
AU:DNL
Dyno Nobel
3.68
1.16
45.80%
AU:ORI
Orica Limited
22.93
4.85
26.84%
AU:HCD
Hydrocarbon Dynamics
0.03
0.00
0.00%
AU:CXL
Calix Ltd.
0.52
0.16
44.44%
AU:CG1
Carbonxt Group Ltd.
0.07
0.03
65.91%
Noble Helium Ltd. Corporate Events
Noble Helium Secures Rig to Launch Kinambo Drilling at North Rukwa
May 10, 2026
Noble Helium has secured BoreXpert’s Schramm T130 XD rig for a drilling campaign at the Kinambo prospect on the western margin of its North Rukwa Project in Tanzania, initially covering two confirmed exploration wells with an option for two ...
Noble Helium Calls May 2026 Vote to Ratify Major Share Placement
Apr 30, 2026
Noble Helium Limited has called a shareholder meeting for 28 May 2026 in Sydney, where investors will vote on ratifying the issue of 83,928,751 Tranche 1 Placement Shares. The board is seeking shareholder approval under ASX Listing Rules 7.4 and 7...
Noble Helium Confirms Share Issue to Fund North Rukwa Drilling
Apr 13, 2026
Noble Helium Limited has issued 137,931,034 fully paid ordinary shares at a deemed price of $0.029 per share, following its previously announced $12 million placement to fund the North Rukwa drilling program. The company confirmed the shares were ...
Noble Helium Plans Issue of 18 Million Unquoted Options
Apr 2, 2026
Noble Helium Ltd. has notified the ASX of a proposed issue of up to 18 million unquoted options under a placement or similar structure. The options, to be issued in a new class with an exercise price of A$0.0435 and a three-year expiry, are schedu...
Noble Helium Plans Major Equity and Options Issue to Bolster Funding
Apr 2, 2026
Noble Helium Ltd. has detailed a proposed issue of new securities on the ASX, comprising 237,632,724 fully paid ordinary shares and two tranches of unlisted conversion options totaling 68,445,018 options, each with an exercise price of A$0.029 and...
Noble Helium Plans Major Share Placement to Boost Funding
Apr 2, 2026
Noble Helium Limited has lodged a notice with the ASX for a proposed placement of up to 413,793,103 new fully paid ordinary shares, with an expected issue date of 19 May 2026. The planned capital raising signals a move to significantly bolster the...
Noble Helium Raises A$12m to Fund North Rukwa Helium Drilling Push
Apr 2, 2026
Noble Helium has secured firm commitments to raise A$12 million through a two‑tranche institutional placement at A$0.029 per share, drawing strong demand from new Australian and international investors amid ongoing disruption to global heliu...
Noble Helium Shares Halted Ahead of Price Query Response and Capital Raising
Mar 31, 2026
Noble Helium has requested and been granted a trading halt on its securities by the ASX, with the pause to remain in place until no later than the start of trading on 2 April 2026. The company said the halt is linked to an upcoming announcement ad...
Noble Helium Releases Interim Financial Report for Half Year to 31 December 2025
Mar 16, 2026
Noble Helium Limited has released its interim financial report for the half year ended 31 December 2025, outlining its financial position, cash flows, and changes in equity. The report, supported by an independent auditor’s review, provides ...
Noble Helium Secures A$300,000 Insider Loan to Fund Working Capital
Mar 2, 2026
Noble Helium has secured an additional A$300,000 in short-term unsecured funding from its own board members, with Executive Chair Dennis Donald providing A$200,000 and director Jamie Clarke A$100,000, to support the company’s current working...
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.