Prospect Resources Ltd. (AU:PSC)
ASX:PSC
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Prospect Resources Ltd.
(Sydney:PSC)
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Rating:45Neutral
Price Target:
AU$0.32
▼(-0.94% Downside)
Action:ReiteratedDate:03/20/26
The score is primarily held down by weak financial performance (no recent revenue, ongoing losses, and persistent negative free cash flow). Technical indicators also lean bearish with negative momentum and the stock trading below key moving averages. Valuation is only neutral-to-weak because the negative P/E reflects unprofitable operations rather than clear undervaluation.
Positive Factors
Low leverage / strong balance sheet
Minimal debt and very low leverage materially reduce refinancing and solvency risk for an exploration/development firm. This balance-sheet flexibility supports pursuit of JVs, project-level deals or measured capex over the next months, preserving optionality while revenue is absent.
Negative Factors
No revenue and persistent operating losses
Zero reported revenue across multiple years and recurring operating losses signify a lack of operating scale and no cash-generating core business. This structural revenue absence means the firm must rely on capital markets or partners, constraining sustainable value creation over several months.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
Minimal debt and very low leverage materially reduce refinancing and solvency risk for an exploration/development firm. This balance-sheet flexibility supports pursuit of JVs, project-level deals or measured capex over the next months, preserving optionality while revenue is absent.
Read all positive factors
Prospect Resources Ltd. (PSC) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$264.56M
Dividend YieldN/A
Average Volume (3M)458.36K
Price to Earnings (P/E)―
Beta (1Y)1.11
Revenue GrowthN/A
EPS Growth7.28%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding814,021,600
10 Day Avg. Volume589,073
30 Day Avg. Volume458,361
Financial Highlights & Ratios
PEG Ratio2.01
Price to Book (P/B)2.13
Price to Sales (P/S)0.00
P/FCF Ratio-14.62
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.60Price Target Upside87.50% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.02
Revenue Forecast (FY)N/A
Prospect Resources Ltd. Business Overview & Revenue Model
Company Description
Prospect Resources Limited engages in the exploration, evaluation, and development of mineral resources in Zimbabwe. The company primarily explores for lithium deposits. Its flagship project is the Arcadia lithium project that covers an area of ap...
How the Company Makes Money
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Prospect Resources Ltd. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 417.00K |
| Gross Profit | -123.00K | -155.00K | -133.00K | -106.00K | -56.00K | 390.00K |
| EBITDA | -6.84M | -7.31M | -6.71M | -5.08M | -17.82M | -2.54M |
| Net Income | -9.56M | -8.11M | -7.01M | -5.48M | 397.57M | -2.22M |
Balance Sheet | ||||||
| Total Assets | 42.56M | 48.43M | 27.31M | 29.77M | 475.59M | 35.26M |
| Cash, Cash Equivalents and Short-Term Investments | 10.26M | 21.06M | 8.36M | 26.19M | 474.29M | 7.88M |
| Total Debt | 72.00K | 100.00K | 41.00K | 98.00K | 36.00K | 76.00K |
| Total Liabilities | 1.38M | 2.30M | 1.05M | 708.00K | 1.33M | 1.30M |
| Stockholders Equity | 41.20M | 46.15M | 26.27M | 29.07M | 475.16M | 35.34M |
Cash Flow | ||||||
| Free Cash Flow | -7.02M | -6.74M | -9.32M | -6.35M | -10.05M | -6.14M |
| Operating Cash Flow | -6.03M | -6.10M | -6.42M | -4.76M | -5.24M | -2.51M |
| Investing Cash Flow | -10.03M | -7.70M | -11.41M | -3.07M | 451.91M | -2.98M |
| Financing Cash Flow | 17.97M | 26.33M | -63.00K | -440.43M | 19.72M | 11.68M |
Prospect Resources Ltd. Technical Analysis
Negative
0.32
Price Trends
0.37
Negative
0.31
Positive
0.25
Positive
Market Momentum
-0.01
Negative
45.91
Neutral
59.26
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:PSC, the sentiment is Negative. The current price of 0.32 is below the 20-day moving average (MA) of 0.32, below the 50-day MA of 0.37, and above the 200-day MA of 0.25, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 45.91 is Neutral, neither overbought nor oversold. The STOCH value of 59.26 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:PSC.
Prospect Resources Ltd. 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% | |
57 Neutral | AU$532.90M | -15.69 | -5.18% | ― | ― | 47.15% | |
47 Neutral | AU$370.03M | -13.41 | -22.74% | ― | ― | -43.08% | |
45 Neutral | AU$264.56M | -8.28 | -20.47% | ― | ― | 7.28% | |
45 Neutral | AU$63.10M | -2.12 | -16.67% | ― | ― | 53.31% | |
45 Neutral | AU$126.65M | -4.63 | 18.38% | ― | 64.66% | ― | |
43 Neutral | AU$36.96M | -11.22 | -0.02% | ― | ― | -12.34% |
* Basic Materials Sector Average
AU:PSC
Prospect Resources Ltd.
0.33
0.22
195.45%
AU:GLN
Galan Lithium Limited
0.43
0.31
258.33%
AU:BSX
Blackstone Minerals Ltd
0.04
-0.03
-42.19%
AU:QPM
QPM Energy
0.03
>-0.01
-17.95%
AU:TGN
Tungsten Mining NL
0.26
0.18
205.88%
AU:LEL
Lithium Energy Ltd.
0.33
-0.04
-10.81%
Prospect Resources Ltd. Corporate Events
Prospect Resources Reports Lapse of 375,000 Performance Rights
Apr 10, 2026
Prospect Resources Ltd. has notified the market of the cessation of 375,000 PSCAH performance rights following their lapse. The conditional rights to securities expired on 16 March 2026 after the specified conditions were not met or became incapab...
Prospect Resources Defines Shallow Copper Trend at West Mwombezhi in Zambia
Apr 1, 2026
Prospect Resources has reported final assay results from its Phase 2 diamond drilling at the West Mwombezhi prospect within the Mumbezhi Copper Project in Zambia, confirming continuous near-surface copper sulphide mineralisation over more than one...
Prospect Resources Lifts Mumbezhi Stake to 90% and Gears Up for Major Drilling Push
Mar 25, 2026
Prospect Resources has increased its ownership in the Mumbezhi Copper Project in north-western Zambia to 90%, after completing the acquisition of an additional 5% stake from GDC Consulting Zambia for US$4.25 million in cash. The move consolidates ...
Prospect Resources Sets April EGM and Pushes Digital Communications
Mar 25, 2026
Prospect Resources has called an Extraordinary General Meeting to be held on 28 April 2026 in Perth, advising shareholders that meeting materials and proxy forms have been dispatched according to each investor’s chosen communication preferen...
Prospect Resources expands share capital and updates securities register
Mar 16, 2026
Prospect Resources has issued 1.5 million new shares from option exercises, 375,000 shares from performance rights and 287,362 shares in lieu of consultant fees, expanding its fully paid ordinary share count to 814,021,580. The company confirmed t...
Prospect Resources Seeks ASX Quotation for 1.88 Million New Shares
Mar 16, 2026
Prospect Resources Ltd. has applied for quotation on the ASX of 1,875,000 new fully paid ordinary shares under code PSC. The securities are being quoted following the exercise or conversion of existing options or other convertible instruments, mod...
Prospect Resources Issues Shares to Consultant in Lieu of Fees
Mar 16, 2026
Prospect Resources Limited has applied for quotation on the ASX of 287,362 ordinary fully paid shares, issued on 16 March 2026. The new shares were issued to a consultant in lieu of cash fees, slightly diluting existing equity while preserving the...
Prospect Resources Files Interim Half-Year 2025 Corporate Report
Mar 11, 2026
Prospect Resources Limited has released its interim financial report for the half-year ended 31 December 2025, providing shareholders with an update on its corporate status and statutory disclosures. The document mainly outlines the company’...
Prospect Resources Lifts Mumbezhi Copper Stake to 90% Ahead of Major Drilling Push
Mar 4, 2026
Prospect Resources will increase its stake in the Mumbezhi Copper Project in north-western Zambia to 90% by acquiring an additional 5% interest from Global Development Cooperation Consulting Zambia for US$4.25 million in cash, subject to regulator...
Prospect Resources Issues Over 106 Million New Shares in Placement and Option Exercise
Feb 23, 2026
Prospect Resources has expanded its share capital by issuing 6,250,000 fully paid ordinary shares following the exercise of options on 18 February 2026. It has also issued a further 100,532,492 fully paid ordinary shares as the unconditional tranc...
Prospect Resources Seeks ASX Quotation for Over 100 Million New Shares
Feb 23, 2026
Prospect Resources has applied to the ASX for quotation of 100,532,492 new ordinary fully paid shares, expanding its listed capital base. The securities, issued on 23 February 2026 and referenced as part of previously announced transactions, mark ...
Prospect Resources Lifts Mumbezhi Copper Resource by 63% and Adds Gold, Cobalt Upside
Feb 8, 2026
Prospect Resources has reported an updated mineral resource estimate for its Mumbezhi Copper Project in Zambia, lifting total resources to 173.8 million tonnes at 0.44% copper and 0.50% copper equivalent. The new estimate represents a 63% increase...
Prospect Resources Extends Mumbezhi Copper-Gold Footprint and Flags Resource Upgrade as Cash Position Strengthens
Jan 26, 2026
Prospect Resources has completed its Phase 2 drilling program at the Mumbezhi Copper Project in Zambia, with nearly 15,000m of diamond drilling and over 3,500m of aircore drilling extending the mineralised footprint at the Nyungu Central deposit t...
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.