Piche Resources Limited (AU:PR2)
ASX:PR2
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Piche Resources Limited
(Sydney:PR2)
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Rating:41Neutral
Price Target:
AU$0.03
▼(-77.86% Downside)
Action:Upgraded
Date:05/15/26
The score is driven primarily by weak financial performance (no revenue, widening losses, and accelerating cash burn), with technicals also negative as the price trades below all key moving averages and momentum indicators are bearish. Valuation offers limited support given the negative P/E and lack of dividend data.
Positive Factors
Zero Debt
A debt-free capital structure meaningfully reduces financial risk and preserves flexibility for a cash-burning explorer. Over 2-6 months this lowers near-term refinancing pressure, enabling management to prioritize exploration or opportunistic equity/partnership financing rather than servicing debt.
Negative Factors
No Revenue
Absence of operating revenue means the business lacks an internal cash-generating engine and remains fully reliant on external funding or asset monetization. Over 2-6 months this elevates execution risk if capital markets become less receptive or if exploration results don’t trigger partner interest.
Read all positive and negative factors
Positive Factors
Negative Factors
Zero Debt
A debt-free capital structure meaningfully reduces financial risk and preserves flexibility for a cash-burning explorer. Over 2-6 months this lowers near-term refinancing pressure, enabling management to prioritize exploration or opportunistic equity/partnership financing rather than servicing debt.
Read all positive factors
Piche Resources Limited (PR2) vs. iShares MSCI Australia ETF (EWA)
Market Cap
N/A
Dividend YieldN/A
Average Volume (3M)244.28K
Price to Earnings (P/E)―
Beta (1Y)1.82
Revenue GrowthN/A
EPS Growth28.71%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.04
Shares Outstanding138,386,800
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 Limited, a junior exploration company, engages in mining and exploration of mineral resources in Western Australia and Argentina. It explores for gold, uranium, precious and base metals, silver, rare earth elements, and other criti...
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 | 0.00 |
| 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 (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% | |
46 Neutral | AU$6.26M | -1.26 | -34.90% | ― | ― | 87.97% | |
44 Neutral | AU$2.14M | -3.26 | -43.09% | ― | ― | 55.56% | |
44 Neutral | AU$13.27M | -27.87 | 10.69% | ― | ― | 83.89% | |
44 Neutral | AU$5.85M | -0.93 | -120.84% | ― | ― | -520.00% | |
41 Neutral | ― | -1.56 | -96.98% | ― | ― | 28.71% | |
| ― | AU$5.91M | -6.00 | -19.97% | ― | ― | 16.67% |
* Basic Materials Sector Average
AU:PR2
Piche Resources Limited
0.03
-0.07
-67.35%
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Piche Resources Limited Corporate Events
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...
Piche Resources Posts Modest Cerro Chacón Results as It Advances Permitting and Tenure
Apr 29, 2026
Piche Resources reported its March quarter exploration results, highlighting continued reverse circulation drilling at the Cerro Chacón gold project in Argentina, where 31 holes totaling 3,861 metres were completed across the Chacón Grid...
Piche Resources Cash Burn Widens as Exploration Spending Weighs on Liquidity
Apr 29, 2026
Piche Resources Limited reported negative operating cash flow of A$2.39 million for the March 2026 quarter and A$4.44 million for the year to date, driven mainly by A$1.52 million in exploration and evaluation costs, alongside staff and corporate ...
Piche Resources Cancels 6 Million Performance Rights
Apr 21, 2026
Piche Resources Limited has reported the cessation of 6,000,000 performance rights, designated as PR2AH, from its issued capital. The rights were cancelled on April 20, 2026, following an agreement between the company and the holder, signalling a ...
Piche Resources Details Cancellation of Director Incentive Rights After Board Exit
Apr 21, 2026
Piche Resources Limited has announced that director Karilyn Farmer ceased to be a director on 20 April 2026, with this final director’s interest notice lodged under ASX listing rule 3.19A.3. The filing records that Farmer held 6,000,000 Mana...
Piche Resources Flags Weak Early Grades at Argentina Gold Project but Continues Drilling
Mar 30, 2026
Piche Resources reported initial drilling results from the Chacon Grid prospect at its Cerro Chacon Gold Project in Argentina, where 43 reverse circulation holes totalling 4,880 metres have been completed and assays received for most of the early ...
Piche Resources issues non-offer corporate update on Patagonia exploration
Mar 17, 2026
Piche Resources has released a corporate presentation dated 3 March 2026 outlining general information about its operations and exploration activities in Patagonia. The document is framed as informational only, emphasising that it is not a prospec...
Piche Resources Issues Interim Financial Report for December 2025 Half-Year
Mar 16, 2026
Piche Resources Limited has released its interim financial report for the period ended 31 December 2025, providing stakeholders with an update on its financial performance and position. The report package includes the consolidated statement of pro...
Piche Resources MD to Depart as Veteran Geologist Steps Up in Country
Feb 25, 2026
Piche Resources Limited has announced the resignation of Managing Director Karilyn Farmer, effective 20 April 2026, following her decision to join a European near-term gold producer. She will remain in her role during the transition period, progre...
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.