QEM Limited (AU:QEM)
ASX:QEM
Want to see AU:QEM full AI Analyst Report?
Top Page
QEM Limited
(Sydney:QEM)
Select Model
Select Model
Rating:43Neutral
Price Target:
AU$0.03
▲(25.00% Upside)
Action:Reiterated
Date:05/28/26
The score is held down primarily by persistent losses and ongoing cash burn, which outweigh the benefit of low balance-sheet leverage. Technicals also point to weak momentum (price below key moving averages with negative MACD), while valuation is difficult to assess due to a negative P/E and no dividend yield data.
Positive Factors
Conservative balance sheet
Low leverage materially reduces financial risk and preserves capital flexibility for a junior explorer. Over the next 2-6 months this structural balance-sheet strength supports continued funding of exploration programs or the ability to wait for partnered transactions without immediate solvency pressure.
Negative Factors
Persistent operating losses
Ongoing operating losses and negative margins erode retained capital and produce materially negative returns on equity. Over multiple quarters this undermines reinvestment capacity, heightens reliance on external funding, and constrains scaling of any successful projects toward development.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Low leverage materially reduces financial risk and preserves capital flexibility for a junior explorer. Over the next 2-6 months this structural balance-sheet strength supports continued funding of exploration programs or the ability to wait for partnered transactions without immediate solvency pressure.
Read all positive factors
QEM Limited (QEM) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$8.31M
Dividend YieldN/A
Average Volume (3M)135.12K
Price to Earnings (P/E)―
Beta (1Y)2.35
Revenue GrowthN/A
EPS Growth-110.94%
CountryAU
EmployeesN/A
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)-0.02
Shares Outstanding329,722,560
10 Day Avg. Volume66,739
30 Day Avg. Volume135,124
Financial Highlights & Ratios
PEG Ratio-0.07
Price to Book (P/B)2.44
Price to Sales (P/S)26.21
P/FCF Ratio-2.36
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
QEM Limited Business Overview & Revenue Model
Company Description
QEM Limited engages in the exploration and development of vanadium and oil shale project in Australia. Its flagship project is the Julia Creek oil shale and vanadium project covering an area of 249.6 square kilometers located in the Julia Creek ar...
How the Company Makes Money
null...
QEM Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
22
Negative
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 263.17K | 0.00 | 453.40K | 256.77K | 339.33K |
| Gross Profit | 263.17K | -237.99K | 211.49K | 174.77K | 272.51K |
| EBITDA | -2.93M | -4.28M | -4.76M | -2.75M | -1.32M |
| Net Income | -3.23M | -2.04M | -4.56M | -2.83M | -1.39M |
Balance Sheet | |||||
| Total Assets | 3.40M | 2.32M | 3.39M | 2.64M | 1.42M |
| Cash, Cash Equivalents and Short-Term Investments | 2.84M | 1.65M | 1.97M | 1.43M | 1.33M |
| Total Debt | 37.17K | 36.48K | 140.68K | 235.33K | 24.17K |
| Total Liabilities | 566.92K | 751.70K | 639.91K | 818.02K | 280.30K |
| Stockholders Equity | 2.83M | 1.56M | 2.75M | 1.82M | 1.14M |
Cash Flow | |||||
| Free Cash Flow | -2.92M | -4.00M | -4.13M | -3.35M | -1.24M |
| Operating Cash Flow | -2.91M | -3.96M | -3.52M | -2.67M | -1.24M |
| Investing Cash Flow | -13.48K | 2.96M | -608.68K | -684.50K | 0.00 |
| Financing Cash Flow | 4.11M | 673.01K | 4.65M | 3.45M | -69.03K |
QEM Limited Technical Analysis
Negative
0.02
Price Trends
0.04
Negative
0.03
Negative
0.03
Positive
Market Momentum
>-0.01
Positive
36.69
Neutral
49.53
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:QEM, the sentiment is Negative. The current price of 0.02 is below the 20-day moving average (MA) of 0.03, below the 50-day MA of 0.04, and below the 200-day MA of 0.03, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 36.69 is Neutral, neither overbought nor oversold. The STOCH value of 49.53 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:QEM.
QEM Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
57 Neutral | AU$20.19M | -19.52 | -6.54% | ― | 27.55% | -60.00% | |
46 Neutral | AU$22.20M | -0.56 | -75.72% | ― | -25.04% | -192.86% | |
45 Neutral | AU$7.22M | -0.15 | -333.90% | ― | -7.22% | -85.87% | |
43 Neutral | AU$8.31M | -2.32 | -141.31% | ― | ― | -110.94% | |
42 Neutral | AU$11.46M | -2.08 | -1488.75% | ― | ― | 31.67% | |
41 Neutral | AU$8.48M | -3.37 | -5.53% | ― | -100.00% | 55.30% |
* Energy Sector Average
AU:QEM
QEM Limited
0.03
-0.03
-53.33%
AU:ATS
Australis Oil & Gas
0.02
<0.01
45.45%
AU:PV1
Provaris Energy Ltd
0.01
0.00
0.00%
AU:VEN
Vintage Energy Ltd.
―
―
―
AU:GAS
State Gas Ltd.
0.02
>-0.01
-13.04%
AU:BAS
Bass Oil Ltd
0.05
0.02
73.33%
QEM Limited Corporate Events
QEM Extends Due Diligence on U.S. Critical Minerals Projects in Idaho
May 28, 2026
QEM Limited has extended the due diligence period for its planned acquisition of two critical minerals exploration projects in Idaho, the Big It and Vaught-Peck Columbite assets. The projects are prospective for multiple U.S.-designated critical m...
QEM Issues Over 23 Million New Shares Under Section 708A
May 12, 2026
QEM Limited has issued 23,222,224 new ordinary shares, notifying the market under section 708A(5)(e) of the Corporations Act. The company confirmed the shares were issued without a disclosure document, that it is compliant with key continuous disc...
QEM Seeks ASX Quotation for 23 Million New Shares
May 12, 2026
QEM Limited has applied to the ASX for quotation of 23,222,224 ordinary fully paid shares, formalising the issue of new equity under its ticker QEM. The application, lodged as an Appendix 2A, reflects securities previously flagged in an earlier no...
QEM pivots toward U.S. critical minerals after Julia Creek review flags commercial hurdles
Apr 29, 2026
QEM Limited has completed a strategic review of its Julia Creek Vanadium and Energy Project, concluding that while technically viable processing solutions exist, current flowsheet complexities and high capital requirements render the development c...
QEM Targets U.S. Critical Mineral Supply With Dual Idaho Projects
Apr 15, 2026
QEM Limited has outlined a dual-focus U.S. critical minerals package centred on two Idaho projects designed to tap commodities where the U.S. is heavily import dependent, particularly on China and other single-source suppliers. The Big It project ...
QEM Limited Plans New Share Issue to Expand Capital Base
Apr 15, 2026
QEM Limited has notified the ASX of a proposed placement or similar issue of up to 7,333,334 ordinary fully paid shares. The company expects to issue these new securities on 1 June 2026, signaling another step in its ongoing use of equity capital ...
QEM Plans Major Share Placement and Option Issue to Bolster Capital Base
Apr 15, 2026
QEM Limited has outlined plans for a new capital raise via a placement or similar security issue, notifying the ASX of a proposed issuance of 68,166,666 ordinary fully paid shares. The company will also issue a total of 40,000,000 options, split i...
QEM Raises $2.6m to Acquire Past-Producing U.S. Critical Minerals Assets in Idaho
Apr 15, 2026
QEM Limited has secured firm commitments to raise $2.645 million via a placement priced at $0.045 per share, strengthening its balance sheet to fund expansion into U.S. critical minerals. The company has entered a binding agreement, subject to any...
QEM Seeks Trading Halt Ahead of Capital Raising and Project Deal
Apr 13, 2026
QEM Limited has requested a trading halt on its securities from the ASX starting 13 April 2026, with the halt to remain in place until either the start of trading on 15 April 2026 or the release of a pending announcement. The company says the halt...
QEM director increases stake through approved share placement
Apr 10, 2026
QEM Limited has disclosed a change in the holdings of director Robert Cooper, detailing his participation in a recent equity placement approved by shareholders. The notice outlines that Cooper now holds 1,000,000 ordinary shares and a total of 5,5...
QEM Seeks ASX Quotation for 1 Million New Ordinary Shares
Apr 10, 2026
QEM Limited has applied for quotation on the ASX of 1,000,000 additional ordinary fully paid shares, with an issue date of 10 April 2026. The new securities arise from previously announced transactions, modestly expanding the company’s liste...
QEM Issues 36 Million Unquoted Options Expiring 2029
Apr 10, 2026
QEM Limited has notified the market of the issue of a new class of unquoted options as part of its capital management activities. The options, which are not intended to be quoted on the ASX, have an exercise price of $0.045, expire on 10 April 202...
QEM Shareholders Back Capital Resolutions at General Meeting
Apr 10, 2026
QEM Limited has confirmed that all resolutions put to shareholders at its 10 April 2026 general meeting were passed by poll, including the ratification of prior share placements and approvals for new share and option issues. The strong shareholder...
QEM Shelves Julia Creek Spend as It Hunts New Critical Minerals Assets
Mar 31, 2026
QEM Limited has completed a strategic review of its Julia Creek Vanadium and Energy Project, concluding that while technically viable processing solutions exist, high capital costs, flowsheet challenges, and ongoing uncertainty in vanadium markets...
QEM Issues 1.5 Million Unquoted Options Under Employee Incentive Scheme
Mar 26, 2026
QEM Limited has notified the market of the issuance of 1,500,000 unquoted options under its employee incentive scheme, with each option exercisable at $0.05 and expiring on March 27, 2029. The options, which will not be quoted on the ASX, form par...
QEM Releases 2025 Half-Year Report and Reaffirms Julia Creek Data
Mar 13, 2026
QEM Limited has released its interim financial report for the half-year ended 31 December 2025, outlining its financial position, cash flows, and changes in equity. The report also incorporates previously announced exploration and metallurgical te...
QEM moves to digital communications for April general meeting
Mar 11, 2026
QEM Limited has called a general meeting of shareholders to be held on 10 April 2026 in Brisbane, specifying that eligibility to vote will be based on the share register as at the evening of 8 April 2026. In line with updated Corporations Act prov...
QEM Limited Options Lapse, Trimming Potential Share Dilution
Mar 2, 2026
QEM Limited has reported the expiry of 250,000 listed options with an exercise price of A$0.20, which lapsed unexercised on 1 March 2026. The cessation of these options marginally reduces the pool of potential future ordinary shares, slightly simp...
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.