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Piche Resources Limited
(Sydney:PR2)
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Rating:39Underperform
Price Target:
AU$0.02
▼(-82.86% Downside)
Action:Reiterated
Date:07/04/26
The score is primarily constrained by weak financial performance (no revenue, widening losses, and accelerating cash burn) and bearish technical trends (below key moving averages with negative MACD). The main positive is the zero-debt balance sheet and increased equity base, but this does not offset the current lack of operating traction and liquidity deterioration.
Positive Factors
Zero debt balance sheet
A zero‑debt structure materially reduces refinancing and interest burdens, preserving liquidity optionality. Over the next several months this lowers default risk and gives management flexibility to prioritize operating investment or fundraises without immediate debt servicing pressure.
Negative Factors
No revenue for three years
A sustained absence of revenue is a structural concern: it indicates the company has not yet proven commercial traction or product monetization. Over the coming months this undermines viability unless a clear revenue pathway or pivot is executed and funded.
Read all positive and negative factors
Positive Factors
Negative Factors
Zero debt balance sheet
A zero‑debt structure materially reduces refinancing and interest burdens, preserving liquidity optionality. Over the next several months this lowers default risk and gives management flexibility to prioritize operating investment or fundraises without immediate debt servicing pressure.
Read all positive factors
Piche Resources Limited (PR2) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$4.08M
Dividend YieldN/A
Average Volume (3M)244.28K
Price to Earnings (P/E)―
Beta (1Y)2.57
Revenue GrowthN/A
EPS Growth28.71%
CountryAU
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.04
Shares Outstanding140,678,570
10 Day Avg. Volume391,675
30 Day Avg. Volume244,282
Financial Highlights & Ratios
PEG Ratio0.63
Price to Book (P/B)2.08
Price to Sales (P/S)0.00
P/FCF Ratio-2.06
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
Piche Resources Limited Business Overview & Revenue Model
Company Description
Piche Resources Ltd. operates as a nascent exploration and mining company, primarily focused on identifying and developing mineral deposits across Western Australia and Argentina. Its exploration endeavors target a broad spectrum of valuable resou...
How the Company Makes Money
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Piche Resources Limited Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
52
Neutral
Cash Flow
12
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 |
|---|---|---|---|---|
Income Statement | ||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -17.23K | -16.38K | -7.33K | 0.00 |
| EBITDA | -4.46M | -5.27M | -3.06M | -1.22M |
| Net Income | -4.38M | -5.29M | -3.07M | -1.20M |
Balance Sheet | ||||
| Total Assets | 5.18M | 5.29M | 2.25M | 1.05M |
| Cash, Cash Equivalents and Short-Term Investments | 4.95M | 5.10M | 967.53K | 1.03M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 921.82K | 512.67K | 1.75M | 224.07K |
| Stockholders Equity | 4.26M | 4.78M | 493.54K | 823.27K |
Cash Flow | ||||
| Free Cash Flow | -3.16M | -4.82M | -2.18M | -1.00M |
| Operating Cash Flow | -3.14M | -4.80M | -2.11M | -1.00M |
| Investing Cash Flow | -4.41K | -13.01K | -68.60K | 0.00 |
| Financing Cash Flow | 2.00M | 9.14M | 2.06M | 2.03M |
Piche Resources Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
47 Neutral | AU$4.16M | 6.00 | 14.24% | ― | ― | ― | |
43 Neutral | AU$3.15M | -0.49 | -72.11% | ― | -100.00% | -214.43% | |
43 Neutral | AU$4.16M | -0.45 | -0.03% | ― | ― | -18.33% | |
43 Neutral | AU$3.86M | -8.99 | -44.01% | ― | ― | 71.13% | |
42 Neutral | AU$3.80M | -1.25 | -58.32% | ― | ― | -47.83% | |
39 Underperform | AU$4.08M | -0.81 | -96.98% | ― | ― | 28.71% |
* General Sector Average
AU:PR2
Piche Resources Limited
0.03
-0.06
-69.14%
AU:DTM
Dart Mining NL
0.01
-0.06
-85.33%
AU:CMO
Cosmo Metals Limited
0.01
-0.01
-50.00%
AU:PBL
Parabellum Resources Ltd.
0.06
<0.01
10.71%
AU:CUL
Cullen Resources Limited
0.01
0.00
0.00%
AU:SRN
Surefire Resources NL
0.02
>-0.01
-22.22%
Piche Resources Limited Corporate Events
Piche Resources Plans Large ASX-Listed Option Issue to Support Funding Needs
Jul 30, 2026
Piche Resources Limited has notified the ASX of a proposed issue of 46,892,856 new options as part of a placement or other form of capital raising. The options will be exercisable at $0.027 and are scheduled to be issued on 22 September 2026, subj...
Piche Resources Updates Underwritten Pro Rata Securities Issue
Jul 30, 2026
Piche Resources Limited, an Australia-listed resources company trading under the code PR2, is advancing its capital management strategy through structured equity issuance. The firm is utilising ASX listing rule mechanisms to access funding from ex...
Piche Resources Secures Full Underwriting for $2.53m Entitlement Offer
Jul 29, 2026
Piche Resources Limited has executed an underwriting agreement with Leeuwin Wealth Pty Ltd and appointed Cumulus Wealth Pty Ltd as lead manager for a fully underwritten pro rata non-renounceable entitlement offer to raise up to approximately $2.53...
Piche Resources Launches Fully Underwritten $2.53m Entitlement Offer
Jul 29, 2026
Piche Resources Limited has released a prospectus for a non-renounceable pro-rata entitlement offer to existing shareholders, offering one new share for every share held at an issue price of $0.018 to raise up to approximately $2.53 million before...
Piche Resources Confirms Epithermal Au-Ag System at Cerro Chacón and Flags High-Grade Rare Earths at Ashburton
Jul 28, 2026
Piche Resources reported completion of a maiden reverse circulation drilling campaign at its Cerro Chacón Gold Project in Argentina, with 53 holes drilled over 5,911 metres across the Chacón Grid, La Javiela and Toro Hosco prospects. Ass...
Piche Resources Discloses Director Clark Beyer’s Exit and Ongoing Indirect Stakes
Jul 24, 2026
Piche Resources Limited has notified the ASX that director Clark Mathew Beyer ceased to be a director on 24 July 2026, in compliance with listing rule 3.19A.3 and section 205G of the Corporations Act. The notice confirms that Beyer holds no securi...
Piche Resources Plans Major Share Placement and Option Issue
Jul 23, 2026
Piche Resources Limited has lodged a notice with the ASX outlining a proposed capital raising via a placement and related issue of securities. The plan includes issuing up to 55,555,555 ordinary fully paid shares under code PR2, together with 18,5...
Piche Resources Plans Issue of 15 Million Long-Dated Options
Jul 23, 2026
Piche Resources Limited has announced a proposed placement of up to 15 million options, each exercisable at $0.027 and expiring on 28 August 2029, with an expected issue date of 22 September 2026. The planned options issue is intended to broaden t...
Piche Resources Plans Equity Placement of 3.33 Million Shares
Jul 23, 2026
Piche Resources Limited has announced a proposed placement of up to 3,333,333 ordinary fully paid shares, to be issued under its ASX code PR2. The new securities are scheduled for issue on 28 August 2026, signalling the company’s intention t...
Piche Resources Launches Pro Rata Offer of Shares and Options
Jul 23, 2026
Piche Resources Limited has announced a non-renounceable pro rata offer to its shareholders, proposing the issue of up to 140,678,568 new ordinary fully paid shares. The company will also issue up to 46,892,856 options exercisable at $0.027 each, ...
Piche Resources Launches A$2.5m Entitlement Offer and Refreshes Board
Jul 23, 2026
Piche Resources has launched a 1-for-1 non-renounceable pro-rata entitlement offer to raise up to A$2.5 million at A$0.018 per share, with one free attaching option for every three new shares subscribed. Funds will be directed toward on-ground exp...
Piche Resources Seeks Trading Halt Ahead of Capital Raising Announcement
Jul 21, 2026
Piche Resources Limited, an ASX-listed resources company based in Perth, operates within Australia’s mining and energy-focused capital markets. The firm uses public equity funding and ASX mechanisms to support its projects and manage investo...
Piche Resources Plans Modest Share and Option Placement on ASX
Jul 14, 2026
Piche Resources Limited has notified the ASX of a proposed issuance of new securities, comprising up to 100 ordinary fully paid shares and 100 options expiring on May 2, 2027, under its issuer code PR2. The placement is scheduled for July 16, 2026...
Piche Resources Issues Cleansing Prospectus for Shares and Options
Jul 14, 2026
Piche Resources Limited has released a prospectus for a small offer of 100 ordinary shares at $0.03 each and 100 options at no issue price. The document is primarily designed to facilitate the trading of previously issued shares and options by mee...
Piche Resources to Release Escrowed Shares and Options, Boosting ASX Free Float
Jul 8, 2026
Piche Resources Limited has announced that a large tranche of ordinary shares and multiple series of options will be released from escrow on 15 July 2026. The release covers 43,889,035 ordinary shares and more than 65 million options with varying ...
Piche flags high-grade rare earth and uranium potential at Ashburton project
Jul 1, 2026
Piche Resources has identified its Ashburton Project in Western Australia as a significant high-grade rare earth opportunity, complementing previously defined unconformity-related uranium mineralisation. A strategic review of historical work shows...
Piche Resources Boosts Director’s Indirect Stake Through IPO-Linked Issue
Jul 1, 2026
Piche Resources has disclosed a change in director Pablo Marcet’s indirect interest in the company, held through Geo Logic SA, reflecting an issue of additional shares and options. His holding increased by 500,000 shares and 999,999 options ...
Piche Resources Issues New Tranche of Restricted Shares and Options
Jul 1, 2026
Piche Resources Limited, an ASX-listed resources company trading under the code PR2, maintains a capital structure comprised of ordinary shares and various option classes, some unquoted and restricted. This configuration suggests the use of equity...
Piche Resources Reinforces Board Leadership as Chairman Returns from Leave
May 8, 2026
Piche Resources Limited has announced that John Simpson has returned from an extended period of surgery and rehabilitation leave to resume active duties as the company’s Non-Executive Chairman. Argentine Country Manager Claudio Devaux and Ex...
Piche Resources Issues 250,000 Restricted Shares in Capital Update
May 7, 2026
Piche Resources Limited has notified the market of the issue of 250,000 ordinary fully paid restricted securities, with an effective issue date of 4 May 2026. The new unquoted securities, disclosed via an Appendix 3G filing, indicate a modest expa...
Piche Resources Issues New Tranche of Restricted Shares and Options
May 7, 2026
Piche Resources Limited has notified the market of the issuance of unquoted restricted securities, comprising 1,000,001 ordinary fully paid restricted shares and 750,000 restricted options expiring on 2 May 2027, all issued on 4 May 2026. The move...
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.