Nex Metals Explorations Ltd (AU:NME)
ASX:NME
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Nex Metals Explorations Ltd
(Sydney:NME)
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Rating:40Underperform
Price Target:
AU$0.02
▼(-15.00% Downside)
Action:DowngradedDate:03/07/26
The score is held down primarily by weak financial performance (minimal revenue, widening losses, ongoing cash burn, and negative equity). Technicals add further pressure due to a clear downtrend and negative momentum, while valuation provides only limited support because the company is loss-making and offers no stated dividend yield.
Positive Factors
Deleveraging
A substantial reduction in debt from ~A$1.50M to ~A$0.14M materially lowers leverage and refinancing pressure. This durable improvement reduces near-term solvency risk and gives management more flexibility to pursue exploration or fundraising without a heavy interest burden.
Negative Factors
Negative shareholder equity
Persistent negative equity (~A$-1.43M in 2025) is a structural capital deficit that constrains financing options and increases reliance on external funding. Over months this erodes creditor confidence, can trigger covenant or listing risks, and makes non-dilutive capital alternatives scarce.
Read all positive and negative factors
Positive Factors
Negative Factors
Deleveraging
A substantial reduction in debt from ~A$1.50M to ~A$0.14M materially lowers leverage and refinancing pressure. This durable improvement reduces near-term solvency risk and gives management more flexibility to pursue exploration or fundraising without a heavy interest burden.
Read all positive factors
Nex Metals Explorations Ltd (NME) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$6.04M
Dividend YieldN/A
Average Volume (3M)93.04K
Price to Earnings (P/E)―
Beta (1Y)0.85
Revenue GrowthN/A
EPS Growth-237.50%
CountryAU
Employees4
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding335,282,260
10 Day Avg. Volume62,514
30 Day Avg. Volume93,043
Financial Highlights & Ratios
PEG Ratio-0.01
Price to Book (P/B)-4.24
Price to Sales (P/S)1209.56
P/FCF Ratio-12.36
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
Nex Metals Explorations Ltd Business Overview & Revenue Model
Company Description
Nex Metals Explorations Limited engages in the exploration for and mining of mineral properties in Australia. It explores for gold, copper, and nickel ores. The company holds interests in the Kookynie gold project and the Yundamindra gold project ...
How the Company Makes Money
null...
Nex Metals Explorations Ltd Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
18
Very Negative
Cash Flow
22
Negative
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.00K | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 5.00K | -9.28K | -12.10K | -15.70K | -12.32K |
| EBITDA | -1.84M | -786.90K | -1.03M | -2.32M | -1.43M |
| Net Income | -1.84M | -579.11K | -1.04M | -1.79M | -1.45M |
Balance Sheet | |||||
| Total Assets | 763.45K | 909.68K | 1.44M | 1.71M | 1.48M |
| Cash, Cash Equivalents and Short-Term Investments | 150.91K | 292.29K | 270.26K | 15.78K | 490.93K |
| Total Debt | 137.84K | 517.66K | 257.90K | 806.67K | 343.78K |
| Total Liabilities | 2.19M | 2.23M | 1.83M | 5.27M | 3.25M |
| Stockholders Equity | -1.43M | -1.32M | -390.13K | -3.55M | -1.77M |
Cash Flow | |||||
| Free Cash Flow | -489.19K | -438.24K | -97.79K | -938.04K | -2.26M |
| Operating Cash Flow | -489.19K | -423.64K | -71.93K | -773.01K | -1.43M |
| Investing Cash Flow | -831.94K | -14.60K | -25.86K | -165.02K | -824.97K |
| Financing Cash Flow | 1.18M | 460.27K | 352.27K | 462.89K | 2.18M |
Nex Metals Explorations Ltd Technical Analysis
Positive
0.02
Price Trends
0.02
Positive
0.02
Positive
0.02
Negative
Market Momentum
<0.01
Negative
57.35
Neutral
133.33
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:NME, the sentiment is Positive. The current price of 0.02 is above the 20-day moving average (MA) of 0.02, above the 50-day MA of 0.02, and below the 200-day MA of 0.02, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 57.35 is Neutral, neither overbought nor oversold. The STOCH value of 133.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:NME.
Nex Metals Explorations Ltd 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% | |
53 Neutral | AU$5.68M | -1.52 | 0.31% | ― | ― | ― | |
50 Neutral | AU$19.42M | -1.14 | -28.97% | ― | ― | -40.85% | |
46 Neutral | AU$18.88M | -2.09 | -58.76% | ― | ― | 77.62% | |
43 Neutral | AU$10.85M | -0.53 | -349.72% | ― | ― | ― | |
40 Underperform | AU$6.04M | -4.23 | 114.73% | ― | ― | -237.50% |
* Basic Materials Sector Average
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Nex Metals Explorations Ltd Corporate Events
Nex Metals Releases Interim Half-Year Financial Report
Mar 13, 2026
Nex Metals Explorations Limited has released its interim financial report for the half-year ended 31 December 2025. The document outlines the directors’ report, auditor’s review, and the company’s condensed consolidated financial...
Nex Metals Advances Kookynie Tailings Plan and Expands WTAC Partnership
Mar 9, 2026
Nex Metals Explorations Ltd has outlined progress at its Kookynie Tailings Project in Western Australia, where early metallurgical test work is commencing to determine optimal processing routes for historic tailings and underpin a planned May 2026...
Arika extends high-grade gold system at Yundamindra’s Pennyweight Point
Feb 25, 2026
Arika Resources has reported a series of strong reverse circulation drilling results from the Pennyweight Point prospect at its Yundamindra Gold Project in Western Australia. New assays confirm gold mineralisation from surface over a 350m strike l...
Arika Takes Full Control of Yundamindra and Kookynie Gold Projects
Feb 1, 2026
Arika Resources has signed a binding Heads of Agreement with Nex Metals Explorations to acquire the remaining 20% interest in the Yundamindra and Kookynie Gold Projects in Western Australia, consolidating 100% ownership of its flagship assets. The...
Nex Metals Sells Arika JV Stake to Fund Kookynie Tailings Push and Broader Gold Expansion
Feb 1, 2026
Nex Metals Explorations has agreed to divest its 20% joint venture interest in the Yundamindra and Kookynie Gold Projects to Arika Resources in a deal it views as value-accretive for shareholders, receiving A$2.5 million in cash and up to 70.8 mil...
Nex Metals Weighs Arika JV Sale as It Accelerates Kookynie Tailings and Eyes Egypt Entry
Jan 30, 2026
Nex Metals Explorations Ltd has outlined a strategic reshaping of its portfolio in its Q2 FY26 update, confirming non-binding talks to divest its 20% interest in the Arika Joint Venture’s Yundamindra and Kookynie gold projects to potentially...
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.