Nordic Nickel Limited (AU:NNL)
ASX:NNL
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Nordic Nickel Limited
(Sydney:NNL)
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Rating:53Neutral
Price Target:
AU$0.24
▲(28.42% Upside)
Action:Reiterated
Date:06/17/26
The score is held back primarily by weak financial performance (pre-revenue profile, ongoing losses, and cash burn), partially offset by a low-debt balance sheet. Technicals are comparatively strong with the stock trading above major moving averages and positive momentum, while valuation remains challenged due to negative earnings and no provided dividend yield.
Positive Factors
Low leverage / strong balance sheet
NNL's minimal or zero debt and a meaningful rise in equity provide durable financial flexibility for an exploration company. Low leverage reduces solvency risk, supports continued project funding or farm-outs, and preserves optionality to pursue development without imminent debt pressure.
Negative Factors
Pre-revenue with persistent losses
NNL's pre-revenue status and recurring operating losses mean the business cannot yet self-fund exploration or development. Over the medium term this necessitates external capital, creates execution risk if financing conditions tighten, and delays any timeline to profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
NNL's minimal or zero debt and a meaningful rise in equity provide durable financial flexibility for an exploration company. Low leverage reduces solvency risk, supports continued project funding or farm-outs, and preserves optionality to pursue development without imminent debt pressure.
Read all positive factors
Nordic Nickel Limited (NNL) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$86.72M
Dividend YieldN/A
Average Volume (3M)953.65K
Price to Earnings (P/E)―
Beta (1Y)-0.08
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 is dedicated to the exploration and discovery of nickel sulphides and vital battery minerals. Its leading initiative, the Pulju project, is situated in Finland and encompasses a granted exploration license, seven additional l...
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% | |
53 Neutral | AU$86.72M | -43.91 | -4.91% | ― | ― | 25.21% | |
50 Neutral | AU$43.47M | -3.92 | -25.04% | ― | ― | 80.64% | |
46 Neutral | AU$71.66M | -3.33 | -16.67% | ― | ― | 42.00% | |
45 Neutral | AU$23.62M | -2.34 | -12.11% | ― | ― | 45.35% | |
42 Neutral | AU$16.29M | -3.52 | -19.15% | ― | ― | 93.90% | |
41 Neutral | AU$24.50M | -1.12 | -107.26% | ― | ― | 71.99% |
* Basic Materials Sector Average
AU:NNL
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Nordic Nickel Limited Corporate Events
Nordic Resources Extends Angesneva Gold-Copper Mineralisation in Finland
Jun 8, 2026
Nordic Resources has reported new drilling results from the Angesneva deposit on its Kiimala Trend project in central Finland, marking the first holes drilled there since 2010 and confirming the presence of strong gold-copper-silver mineralisation...
Nordic Resources Options Lapse, Trimming Potential Share Dilution
Jun 1, 2026
Nordic Resources Ltd has notified the market of the expiry and cessation of several tranches of listed options on its ordinary shares, following the passing of their 31 May 2026 expiry date without exercise. The lapsed securities include 575,000 o...
Nordic Resources director boosts stake via option exercise
May 26, 2026
Nordic Resources Limited has disclosed a change in director Robert Wrixon’s interests, following the exercise of 1,000,000 unquoted options at A$0.20 each for a total consideration of A$200,000. The transaction converts options into fully pa...
Nordic Resources Issues Shares on Option Conversion and Lodges Cleansing Notice
May 26, 2026
Nordic Resources Limited has issued 1,000,000 fully paid ordinary shares following the conversion of unlisted options, without a disclosure document under Part 6D.2 of the Corporations Act. The company states it remains compliant with its financia...
Nordic Resources Seeks ASX Quotation for 1 Million New Shares
May 26, 2026
Nordic Resources Ltd has applied for quotation on the ASX of 1,000,000 new ordinary fully paid shares under its ticker NNL, with an issue date of 26 May 2026. The application reflects the conversion or exercise of existing options or other convert...
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...
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.