Nordic Nickel Limited (AU:NNL)
ASX:NNL
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Nordic Nickel Limited
(Sydney:NNL)
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Rating:42Neutral
Price Target:
AU$0.15
▼(-21.58% Downside)
Action:ReiteratedDate:03/24/26
The score is primarily pressured by weak financial performance (pre-revenue profile, recurring losses, and negative free cash flow) and bearish technicals (price below major moving averages and negative MACD). A low-debt balance sheet and oversold momentum readings provide only limited offset, while valuation signals are constrained by negative earnings and no dividend data.
Positive Factors
Balance sheet strength
Very low or zero debt and materially higher equity provide durable financial flexibility for an early-stage explorer. This reduces refinancing risk, funds continued exploration/development, and increases the company’s ability to pursue partner deals or staged project investment over the next 2–6 months.
Negative Factors
Pre-revenue profile
Being pre-revenue means the company cannot self-fund operations; value depends on exploration success or external transactions. Persistent losses and cash burn create structural reliance on capital markets or partners, raising dilution and execution risk until resources are defined or monetised.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Very low or zero debt and materially higher equity provide durable financial flexibility for an early-stage explorer. This reduces refinancing risk, funds continued exploration/development, and increases the company’s ability to pursue partner deals or staged project investment over the next 2–6 months.
Read all positive factors
Nordic Nickel Limited (NNL) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$48.89M
Dividend YieldN/A
Average Volume (3M)953.65K
Price to Earnings (P/E)―
Beta (1Y)0.60
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding376,047,970
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
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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% | |
47 Neutral | AU$12.15M | -2.58 | -11.39% | ― | -28.07% | -29.81% | |
46 Neutral | AU$34.49M | -4.34 | -19.53% | ― | ― | 3.79% | |
43 Neutral | AU$33.14M | -2.58 | -5.94% | ― | -67.81% | -244.10% | |
42 Neutral | AU$48.89M | -9.13 | -4.91% | ― | ― | ― | |
42 Neutral | AU$22.29M | -2.74 | -19.15% | ― | ― | -1034.67% |
* Basic Materials Sector Average
AU:NNL
Nordic Nickel Limited
0.13
0.01
8.33%
AU:WIN
Widgie Nickel Limited
0.03
0.01
85.71%
AU:VML
Vital Metals Ltd
0.14
0.08
133.33%
AU:MGL
Magontec Limited
0.21
0.03
16.67%
AU:AR3
Australian Rare Earths Limited
0.14
0.06
75.32%
Nordic Nickel Limited Corporate Events
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...
Nordic Resources Extends Gold‑Copper Mineralisation North of Kopsa Resource in Finland
Feb 23, 2026
Nordic Resources has reported a sixth batch of assay results from its maiden diamond drilling program at the Kopsa gold‑copper project in Finland, covering six holes totalling 1,278 metres. All six holes intersected significant gold‑co...
Nordic Resources updates director interests after Northgold asset deal
Feb 19, 2026
Nordic Resources Limited has disclosed a change in director Robert Wrixon’s indirect interest following a corporate transaction involving Northgold AB. His spouse, Kimberly Wrixon, received 2,764,034 fully paid ordinary shares in Nordic Reso...
Nordic Resources Uncovers New High-Grade Gold Zone North of Kopsa Deposit
Jan 26, 2026
Nordic Resources has intersected a new, previously unknown higher-grade gold-copper zone on the northern side of its Kopsa deposit in central Finland, with three maiden drillholes in the sparsely drilled northern zone all returning significant min...
Nordic Resources Extends Kopsa Gold-Copper Mineralisation and Bolsters Finnish Growth Strategy
Jan 23, 2026
Nordic Resources has completed an expanded 27-hole, 5,971m diamond drilling program at its Kopsa gold-copper project in Finland, after strong early results from 12 reported holes prompted an increase from the original 4,500m program and confirmed ...
Nordic Resources Director Options Lapse After Expiry
Dec 31, 2025
Nordic Resources Limited has reported a change in director Robert Wrixon’s interests following the expiry of a tranche of unexercised options. The 267,857 unquoted options, exercisable at A$0.25 and expiring on 27 December 2025, have lapsed ...
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.
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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.