Province Resources Ltd (PRL) AI Stock Analysis

• Market Cap: AU$1.18M
• Dividend Yield: N/A
• Average Volume (3M): 0.00
• Price to Earnings (P/E): ―
• Beta (1Y): -1.02
• Revenue Growth: -100.00%
• EPS Growth: 57.89%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 68
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 1,181,493,200
• 10 Day Avg. Volume: 0
• 30 Day Avg. Volume: 0
• PEG Ratio: 0.65
• Price to Book (P/B): 3.02
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -10.23
• 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: ―

Province Resources Ltd is struggling with a lack of profitability and revenue generation, which severely impacts its financial performance and valuation scores. The stock's technical indicators suggest a persistent downward trend. Overall, the stock faces significant challenges that need to be addressed to improve its attractiveness to investors.

Province Resources Ltd Business Overview & Revenue Model

Company Description

Province Resources Limited explores for, evaluates green energy and mineral resources in Australia, Sweden, and the United Kingdom. The company primarily explores for copper, gold, nickel, vanadium, and other minerals, as well as salt, potash, mineral sands, and renewable green hydrogen. It holds interests in the HyEnergy green hydrogen project located in the Gascoyne region of Western Australia; the Gnama project located to the southern end of the Fraser Range; the Skåne vanadium project located to the southern-most tip of Sweden; and the Pascalle copper-gold project located in the Paterson province. The company was formerly known as ScandiVanadium Ltd and changed its name to Province Resources Limited in November 2020. Province Resources Limited was incorporated in 1993 and is based in Subiaco, Australia.

How the Company Makes Money

Province Resources Ltd generates revenue through the exploration and development of renewable energy projects, primarily focused on green hydrogen production. The company aims to capitalize on the growing demand for clean energy solutions by developing projects that convert renewable energy into hydrogen, which can be used as a zero-emission fuel source. Additionally, Province Resources seeks revenue from its mineral exploration activities, targeting valuable resources such as gold and base metals. The company's earnings are influenced by strategic partnerships, government incentives for renewable energy projects, and the market demand for both green hydrogen and mineral resources. These factors, combined with their focus on sustainable practices, contribute to their revenue streams.

Province Resources Ltd Financial Statement Overview

Summary

Province Resources Ltd faces significant challenges with no revenue generation and consistent losses. The strong equity base provides some stability, but the ongoing negative cash flows and lack of profitability are concerning. Strategic improvements are needed to enhance revenue and profitability.

Income Statement

Province Resources Ltd has shown consistent negative net income, highlighting a lack of profitability. The company has no revenue in the most recent period, making growth rates and profit margins unfavorable. The negative EBIT and EBITDA margins further indicate operational inefficiencies.

Balance Sheet

The balance sheet shows a strong equity position relative to total assets, with an equity ratio of 97.6%. The company has minimal debt, which reduces financial risk, but the lack of revenue generation impacts its overall financial stability.

Cash Flow

Operating cash flows are negative, indicating cash outflows from core business activities. Free cash flow is also negative, pointing to potential liquidity issues. Despite this, the company has managed to maintain a cash reserve, though it is decreasing over time.

Breakdown
Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
0.00	50.00K	0.00	0.00	0.00
	Gross Profit
-2.85M	-2.47M	-106.11K	-9.31K	-5.15K
	EBIT
-3.06M	-7.00M	-8.75M	-14.56M	-1.79M
	EBITDA
-2.73M	-8.00M	-8.65M	-14.49M	-1.74M
	Net Income Common Stockholders
-2.66M	-8.26M	-8.75M	-14.50M	-1.73M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
10.16M	15.58M	20.38M	23.54M	2.91M
	Total Assets
10.93M	17.12M	23.29M	25.81M	4.64M
	Total Debt
64.76K	153.19K	54.19K	0.00	0.00
	Net Debt
-10.10M	-15.43M	-20.31M	-23.53M	-2.91M
	Total Liabilities
267.41K	1.10M	937.94K	163.71K	287.61K
	Stockholders Equity
10.66M	16.02M	22.35M	25.64M	4.35M
Cash Flow		Free Cash Flow
-5.34M	-4.73M	-4.28M	-2.14M	-1.57M
	Operating Cash Flow
-5.33M	-4.52M	-3.63M	-1.95M	-1.54M
	Investing Cash Flow
2.56K	-228.60K	-508.74K	-296.09K	-27.61K
	Financing Cash Flow
-98.47K	―	976.84K	22.86M	718.06K

Province Resources Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	51 Neutral	$2.04B	-1.21	-21.10%	3.95%	2.90%	-30.45%
PRL	38 Underperform	AU$1.18M	―	-23.99%	―	-100.00%	57.89%
SYAXF		$127.20M	―	-17.81%	―	―	―
GSCCF		$175.89M	―	-4.75%	―	―	―
LIS		€974.95M	―	-6.32%	―	―	―
MALRF		$3.25B	43.31	-33.95%	4.54%	―	―
PLLTL		$133.43M	―	-19.11%	―	―	―

Province Resources Ltd Corporate Events

Province Resources Ltd to Transition Listing from ASX to NSX

Province Resources Ltd has fulfilled the conditions necessary to transition its listing from the Australian Stock Exchange (ASX) to the National Stock Exchange of Australia (NSX). The company’s securities will be quoted on the NSX starting 24 March 2025, following its delisting from the ASX on 21 March 2025. This strategic move is expected to enhance the company’s market presence and align with its operational goals. Province Resources Ltd will continue to provide quarterly cash flow and activities reports as part of its compliance with NSX requirements.

Province Resources Ltd to Transition from ASX to NSX

Province Resources Ltd has announced its decision to voluntarily delist from the Australian Securities Exchange (ASX) and list on the National Stock Exchange of Australia (NSX). This strategic move is intended to support the company’s ongoing development of the HyEnergy Project. The transition involves maintaining participation in the ASX’s CHESS system for electronic transactions, ensuring minimal disruption for shareholders. The company’s board believes that listing on the NSX aligns better with their strategic goals and is in the best interest of shareholders.

Province Resources Ltd to Transition from ASX to NSX for Enhanced Liquidity

Province Resources Ltd has received formal approval to delist from the Australian Securities Exchange (ASX) and plans to list on the National Stock Exchange of Australia (NSX) to provide shareholder liquidity. The decision to delist follows the company’s suspension from ASX trading since April 2023 due to the HyEnergy® Project not being sufficiently advanced for re-compliance with ASX listing rules. The move to NSX is expected to offer better liquidity and trading opportunities for shareholders.

Province Resources Ltd Updates Business Address

Province Resources Ltd has announced a change in its registered office and principal place of business to Suite 8, 110 Hay Street, Subiaco WA 6008. This administrative update, approved by Chairman Peter Wall, signifies a strategic move to streamline operations, although the company’s contact details remain unchanged.

Province Resources Limited Releases Half-Year Financial Report

Province Resources Limited has released its half-year financial report for the period ending 31 December 2024. The report includes essential financial statements and declarations, highlighting the company’s financial performance and position. This release is crucial for stakeholders as it provides transparency into the company’s operations and financial health, potentially impacting investor confidence and strategic decisions.