Pure Resources Limited (PR1) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: N/A
• Average Volume (3M): 4.71K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.49
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 64
• Industry: Industrial Materials
• EPS (TTM): N/A
• Shares Outstanding: 46,008,793
• 10 Day Avg. Volume: 7,983
• 30 Day Avg. Volume: 4,713
• PEG Ratio: 120.90
• Price to Book (P/B): 1.40
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -2.88K
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 38 Underperform
• Price Target: ―

The overall stock score of 38 reflects significant operational and financial weaknesses, particularly the absence of revenue and negative cash flows. The technical analysis suggests bearish momentum, and the lack of valuation metrics further complicates the investment case. The stable balance sheet is a positive, but it is overshadowed by the company's inability to generate revenue.

Pure Resources Limited Business Overview & Revenue Model

Company Description

Pure Resources Limited engages in the acquisition, exploration, and development of mineral resource properties in Australia. It primarily explores for nickel, gold, and copper deposits. The company holds interests in the Yandal project with exploration license E53/2023 covering an area of approximately 43 square kilometers located in the Archean aged Yandal greenstone belt in the eastern goldfields region of Western Australia; the Mount Monger project, which includes exploration license E26/227 covering an area of approximately 12 square kilometers located in the Bulong Domain in the southwestern corner of the Kurnalpi terrane of the eastern goldfields region of Western Australia. It also holds interests in the Yundamindra project that comprises exploration license E39/2251 and tenement application E39/2254, which cover an area of approximately 90 square kilometers located in the eastern Kurnalpi terrane of the eastern goldfields region of Western Australia; and the Killarney project, which includes exploration license E80/5153 covering an area of approximately 32.7 square kilometers located adjacent to the great northern highway. The company was incorporated in 2021 and is based in Subiaco, Australia.

How the Company Makes Money

Pure Resources Limited Financial Statement Overview

Summary

Pure Resources Limited shows a stable balance sheet with low leverage, but the absence of revenue and significant negative cash flows highlight severe operational and financial challenges. The company needs to focus on generating revenue and improving cash flow to enhance overall financial health.

Income Statement

Pure Resources Limited has reported zero total revenue across all periods, indicating no sales performance, which is a significant weakness. The consistent negative EBIT and net income figures further reflect operational inefficiencies and a lack of profitability.

Balance Sheet

The company's balance sheet shows a strong equity position with a high equity ratio, indicating stability. The debt-to-equity ratio is very low, suggesting minimal leverage and financial risk. However, the declining stockholders' equity over the periods is a potential concern.

Cash Flow

The cash flow statements are incomplete, with no operating cash flow data provided. The negative free cash flow and significant capital expenditures indicate cash strain. The lack of positive cash generation is a major weakness.

Breakdown
TTM	Jun 2024	Jun 2023	Jun 2022
Income Statement		Total Revenue
0.00	0.00	0.00	0.00
	Gross Profit
0.00	0.00	0.00	0.00
	EBIT
―	-954.05K	-764.24K	-1.31M
	EBITDA
―	-991.95K	-699.09K	-1.30M
	Net Income Common Stockholders
―	-901.12K	-752.40K	-1.32M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
3.14M	1.24M	2.54M	4.21M
	Total Assets
4.32M	2.87M	4.00M	4.57M
	Total Debt
56.40K	36.97K	75.16K	110.78K
	Net Debt
-3.09M	-1.21M	-2.46M	-4.10M
	Total Liabilities
324.74K	144.25K	364.54K	252.23K
	Stockholders Equity
4.00M	2.72M	3.64M	4.31M
Cash Flow		Free Cash Flow
―	-1.48M	-1.66M	―
	Operating Cash Flow
―	―	―	―
	Investing Cash Flow
―	-168.31K	-1.18M	-32.77K
	Financing Cash Flow
―	-42.00K	-19.20K	4.70M

Pure Resources Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.09
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:PR1, the sentiment is Neutral. The current price of 0.09 is above the 20-day moving average (MA) of 0.08, above the 50-day MA of 0.09, and below the 200-day MA of 0.11, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 70.36 is Negative, neither overbought nor oversold. The STOCH value of 25.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:PR1.

Pure Resources Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	50 Neutral	$1.99B	-1.06	-21.34%	3.71%	2.03%	-30.65%
PR1	38 Underperform		―		―	―	―
SYAAF		$213.27M	―	-33.63%	―	―	―
IPGDF		$2.07B	1,408.33	-36.53%	7.28%	―	―
MALRF		$3.02B	43.31	-33.95%	4.54%	―	―
SFRRF		$3.28B	34.38	5.11%	―	―	―
OMH	64 Neutral	AU$252.23M	17.84	2.22%	―	11.90%	-49.32%

Pure Resources Limited Corporate Events

Pure Resources Forms Strategic Alliance to Boost Reedy Creek Garnet Project

Pure Resources Limited has entered into a non-binding Heads of Agreement with SSH Group Ltd to form a Strategic Alliance aimed at accelerating the development of the Reedy Creek Garnet Project. This partnership is expected to enhance the project’s development timeline and operational capacity, positioning Pure Resources for long-term success. The Reedy Creek project is noted for its high-grade garnet deposit, and recent metallurgical tests have shown promising results, prompting further testing. The alliance will focus on collaborative project development, with SSH providing resources to assist in the final investment decision and leading site operations to identify early revenue opportunities. The project benefits from its location within a granted mining lease, ensuring a streamlined path to commercialization.

Pure Resources Limited Announces Cessation of Quoted Options

Pure Resources Limited announced the cessation of 36,751,289 quoted options exercisable at $0.25 per option, which expired without being exercised by the deadline of April 10, 2025. This cessation reflects a potential impact on the company’s capital structure and may influence investor perceptions of the company’s financial strategies.

Pure Resources Announces Expiration of Quoted Options

Pure Resources Limited has announced the expiration of 36,751,289 quoted options, exercisable at $0.25 per option, which will expire on 10 April 2025. The options are currently ‘out of the money,’ with the latest market price of the underlying shares at $0.099, significantly below the exercise price. This expiration could impact stakeholders as the options will lapse if not exercised, leaving holders without rights to these options.