Nordic Nickel Limited (AU:NNL)
ASX:NNL
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Nordic Nickel Limited
(Sydney:NNL)
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Rating:54Neutral
Price Target:
AU$0.21
▲(10.00% Upside)
Action:Reiterated
Date:05/20/26
The score is held back primarily by weak financial performance (pre-revenue, ongoing losses, and negative free cash flow), only partially mitigated by a low-debt balance sheet with rising equity. Technicals are a notable positive, with price above key moving averages and supportive momentum. Valuation remains challenged due to negative earnings and no provided dividend yield.
Positive Factors
Low leverage / stronger equity base
A near-zero debt profile and a meaningful increase in equity provide durable financial flexibility for an exploration company. Low leverage reduces refinancing risk, supports continued field work or farm-outs without heavy interest burdens, and improves resilience across 2–6 months.
Negative Factors
Pre-revenue, persistent losses
Being pre-revenue with recurring operating losses means the company cannot self-fund activities and must rely on external capital. Over months, continued losses erode shareholder equity and constrain the ability to advance projects without dilution or new financing events.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / stronger equity base
A near-zero debt profile and a meaningful increase in equity provide durable financial flexibility for an exploration company. Low leverage reduces refinancing risk, supports continued field work or farm-outs without heavy interest burdens, and improves resilience across 2–6 months.
Read all positive factors
Nordic Nickel Limited (NNL) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$71.64M
Dividend YieldN/A
Average Volume (3M)953.65K
Price to Earnings (P/E)―
Beta (1Y)0.06
Revenue GrowthN/A
EPS Growth25.21%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)0.00
Shares Outstanding377,047,970
10 Day Avg. Volume1,208,752
30 Day Avg. Volume953,654
Financial Highlights & Ratios
PEG Ratio0.20
Price to Book (P/B)0.55
Price to Sales (P/S)0.00
P/FCF Ratio-3.78
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
Nordic Nickel Limited Business Overview & Revenue Model
Company Description
Nordic Nickel Limited engages in the exploration of nickel sulphides and battery minerals. Its flagship project is the Pulju project, which comprises of one granted exploration license (EL), seven EL applications, and one exploration reservation g...
How the Company Makes Money
NNL does not have publicly available information indicating recurring operating revenue from the sale of products or services (e.g., nickel production) at this stage; null. For an exploration-stage mining company, potential ways it may ultimately ...
Nordic Nickel Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
64
Positive
Cash Flow
22
Negative
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 14.64K | 726.37K | 0.00 | 0.00 |
| Gross Profit | 0.00 | 14.64K | 726.37K | 0.00 | 0.00 |
| EBITDA | 0.00 | 0.00 | -2.44M | -1.64M | 0.00 |
| Net Income | -1.27M | -1.88M | -1.41M | -1.64M | -293.43K |
Balance Sheet | |||||
| Total Assets | 21.11M | 12.27M | 13.71M | 12.09M | 1.85M |
| Cash, Cash Equivalents and Short-Term Investments | 1.82M | 1.13M | 5.39M | 10.75M | 850.22K |
| Total Debt | 0.00 | 110.67K | 0.00 | 0.00 | 31.65K |
| Total Liabilities | 162.66K | 379.62K | 2.05M | 73.94K | 136.30K |
| Stockholders Equity | 20.95M | 11.89M | 11.66M | 12.02M | 1.71M |
Cash Flow | |||||
| Free Cash Flow | -3.07M | -4.67M | -5.03M | -452.28K | -1.79M |
| Operating Cash Flow | -902.25K | -1.54M | -528.69K | -1.40M | -63.17K |
| Investing Cash Flow | -2.17M | -4.67M | -5.03M | -452.28K | -1.71M |
| Financing Cash Flow | 3.76M | 1.97M | 0.00 | 11.75M | 3.81M |
Nordic Nickel 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% | |
54 Neutral | AU$71.64M | -38.18 | -4.91% | ― | ― | 25.21% | |
50 Neutral | AU$48.76M | -4.38 | -25.04% | ― | ― | 80.64% | |
46 Neutral | AU$87.01M | -5.74 | -16.67% | ― | ― | 42.00% | |
44 Neutral | AU$32.22M | -3.65 | -12.11% | ― | ― | 45.35% | |
42 Neutral | AU$18.00M | -4.22 | -19.15% | ― | ― | 93.90% | |
41 Neutral | AU$28.87M | -1.30 | -107.26% | ― | ― | 71.99% |
* Basic Materials Sector Average
AU:NNL
Nordic Nickel Limited
0.20
0.12
143.75%
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Nordic Nickel Limited Corporate Events
Nordic Resources Extends Kopsa Mineralisation and Targets Q3 2026 Resource Update
Apr 26, 2026
Nordic Resources has completed reporting of all assays from its first 27-hole diamond drilling program at the Kopsa gold-copper project in Finland, confirming numerous mineralised extensions outside the existing resource model and identifying a ne...
Nordic Resources Resumes Drilling at 1.23Moz Gold-Equivalent Kopsa Project in Finland
Apr 15, 2026
Nordic Resources Limited has highlighted its 1.23 million ounce gold-equivalent resource at the Kopsa project in Finland, emphasising the asset’s location in a Tier-1 jurisdiction and its development optionality. The company reports that dri...
Nordic Resources Files Interim Financial Report for December 2025 Half-Year
Mar 16, 2026
Nordic Resources Ltd has released its interim financial report for the half-year ended 31 December 2025, detailing its consolidated financial performance, position, cash flows and changes in equity. The report, supported by an independent auditor&...
Nordic Resources Extends Kopsa Gold-Copper Mineralisation in Finland
Mar 8, 2026
Nordic Resources has reported final assay results from its 2025 maiden drill program at the Kopsa gold-copper project in Finland, with three of four new diamond holes extending mineralisation beyond the current resource boundary to the west and so...
Nordic Resources Restarts Drilling to Grow Finnish Gold Resources
Mar 2, 2026
Nordic Resources has restarted diamond drilling at its Kopsa and Kiimala Trend gold projects in Finland, launching a 3,000-metre program aimed at expanding resources and refining mine planning. The campaign follows encouraging 2025 results at Kops...
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.