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Province Resources Ltd (AU:PRL)
:PRL
Australian Market

Province Resources Ltd (PRL) AI Stock Analysis

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AU

Province Resources Ltd

(Sydney:PRL)

Rating:38Underperform
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 (PRL) vs. iShares MSCI Australia ETF (EWA)

Province Resources Ltd Business Overview & Revenue Model

Company DescriptionProvince 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 MoneyProvince 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
35
Negative
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
45
Neutral
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
40
Negative
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 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income StatementTotal Revenue
0.0050.00K0.000.000.00
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 SheetCash, Cash Equivalents and Short-Term Investments
10.16M15.58M20.38M23.54M2.91M
Total Assets
10.93M17.12M23.29M25.81M4.64M
Total Debt
64.76K153.19K54.19K0.000.00
Net Debt
-10.10M-15.43M-20.31M-23.53M-2.91M
Total Liabilities
267.41K1.10M937.94K163.71K287.61K
Stockholders Equity
10.66M16.02M22.35M25.64M4.35M
Cash FlowFree 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
-98.47K976.84K22.86M718.06K

Province Resources Ltd Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
51
Neutral
$2.04B-1.15-21.24%3.95%2.91%-30.44%
AUPRL
38
Underperform
AU$1.18M-23.99%-100.00%57.89%
$127.41M-17.81%
$176.15M-4.75%
DELIS
€903.83M-6.32%
$3.16B43.31-33.95%4.54%
$134.75M-19.11%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:PRL
Province Resources Ltd
0.02
-0.02
-50.00%
SYAXF
Sayona Mining
0.01
-0.01
-50.00%
GSCCF
ioneer Limited
0.07
-0.05
-41.67%
DE:LIS
Liontown Resources Limited
0.34
-0.35
-50.72%
MALRF
Mineral Resources Limited
15.50
-27.20
-63.70%
PLLTL
Piedmont Lithium
0.06
-0.06
-50.00%

Province Resources Ltd Corporate Events

Province Resources Ltd to Transition Listing from ASX to NSX
Mar 20, 2025

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
Mar 17, 2025

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
Mar 5, 2025

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
Mar 4, 2025

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
Feb 7, 2025

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.

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.