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Sky Metals Limited
(Sydney:SKY)
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Rating:54Neutral
Price Target:
AU$0.21
▼(-2.73% Downside)
Action:Reiterated
Date:05/15/26
The score is held back primarily by weak financial performance (no revenue, widening losses, and continued cash burn). Offsetting this is strong technical momentum (price above major moving averages with positive MACD), while valuation is constrained by losses (negative P/E) and no stated dividend yield.
Positive Factors
Improving balance sheet
A materially larger equity base and much lower leverage versus prior years provide a tangible funding runway for an early-stage miner. This reduces near-term refinancing pressure, supports ongoing exploration programs and strategic optionality over the next 2–6 months.
Negative Factors
No revenue base
Absence of any revenue means the company lacks an earnings anchor and remains dependent on exploration success and external capital. Structurally this increases project execution risk and elongates the path to self-sustaining cash generation.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving balance sheet
A materially larger equity base and much lower leverage versus prior years provide a tangible funding runway for an early-stage miner. This reduces near-term refinancing pressure, supports ongoing exploration programs and strategic optionality over the next 2–6 months.
Read all positive factors
Sky Metals Limited (SKY) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$228.24M
Dividend YieldN/A
Average Volume (3M)886.95K
Price to Earnings (P/E)―
Beta (1Y)1.99
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding992,332,700
10 Day Avg. Volume714,988
30 Day Avg. Volume886,949
Financial Highlights & Ratios
PEG Ratio-0.81
Price to Book (P/B)1.82
Price to Sales (P/S)0.00
P/FCF Ratio-22.95
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.40Price Target Upside81.82% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)N/A
Sky Metals Limited Business Overview & Revenue Model
Company Description
Sky Metals Limited, an Australian entity, specializes in the exploration and development of mineral resources. The company's primary focus is on discovering deposits of various metals, including gold, copper, tin, tungsten, bismuth, indium, nickel...
How the Company Makes Money
null...
Sky Metals Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
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 | 0.00 |
| Gross Profit | -118.80K | -133.99K | -142.81K | -144.51K | -149.75K | -88.81K |
| EBITDA | -3.10M | -2.99M | -1.97K | ― | ― | ― |
| Net Income | -4.62M | -3.15M | -2.03K | ― | ― | ― |
Balance Sheet | ||||||
| Total Assets | 26.45M | 21.94M | 18.42M | 15.51K | 21.54K | 17.28K |
| Cash, Cash Equivalents and Short-Term Investments | 4.70M | 3.43M | 3.26M | 3.83K | 4.60K | 3.53K |
| Total Debt | 234.72K | 277.00 | 352.47K | 418.22K | 505.79K | 59.98K |
| Total Liabilities | 1.11M | 1.48M | 1.28M | 665.00 | 983.00 | 641.00 |
| Stockholders Equity | 25.34M | 20.46M | 17.14M | 14.48K | 20.54K | 16.62K |
Cash Flow | ||||||
| Free Cash Flow | -1.92M | -1.62M | -4.56M | -3.90K | -4.00K | -6.70K |
| Operating Cash Flow | -1.85M | -1.60M | -1.31M | -987.00 | -1.22K | -836.00 |
| Investing Cash Flow | -3.60M | -4.82M | -3.21M | -2.94K | -2.89K | -3.89K |
| Financing Cash Flow | 5.77M | 5.60M | 3.94M | 3.17K | 5.18K | -55.00 |
Sky Metals Limited Technical Analysis
Positive
0.22
Price Trends
0.23
Positive
0.21
Positive
0.17
Positive
Market Momentum
>-0.01
Positive
49.93
Neutral
17.51
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:SKY, the sentiment is Positive. The current price of 0.22 is below the 20-day moving average (MA) of 0.23, below the 50-day MA of 0.23, and above the 200-day MA of 0.17, indicating a bullish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 49.93 is Neutral, neither overbought nor oversold. The STOCH value of 17.51 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:SKY.
Sky Metals 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% | |
54 Neutral | AU$228.24M | -53.49 | -20.15% | ― | ― | ― | |
49 Neutral | AU$241.78M | -61.11 | -4.01% | ― | ― | 77.84% | |
45 Neutral | AU$246.20M | -15.58 | -87.62% | ― | -100.00% | -2337.50% | |
44 Neutral | AU$175.69M | -25.74 | -3.05% | ― | ― | 52.92% | |
43 Neutral | AU$271.14M | -2.75 | -288.35% | ― | ― | -587.58% | |
41 Neutral | AU$252.93M | -104.62 | -3.40% | ― | ― | ― |
* Basic Materials Sector Average
AU:SKY
Sky Metals Limited
0.23
0.15
191.14%
AU:TTM
Titan Minerals Ltd
0.61
0.20
46.99%
AU:MRT
Horizon Minerals Ltd
0.68
-0.05
-7.36%
AU:POL
Polymetals Resources Ltd.
0.88
0.14
18.92%
AU:BGD
Barton Gold Holdings Limited
0.91
0.13
16.67%
AU:GG8
Labyrinth Resources Limited
0.33
-0.04
-12.00%
Sky Metals Limited Corporate Events
Sky Metals touts Tallebung tin-tungsten-silver project as key growth asset
Jul 24, 2026
Sky Metals is highlighting the scale and potential of its Tallebung tin-tungsten-silver project in New South Wales, describing it as a large open-pit resource that can leverage new technology and efficient development practices. The company frames...
Sky Metals Boosts Tallebung Resource as Approvals and Studies Advance
Jul 21, 2026
Sky Metals reported further strong drilling results from its Tallebung tin-tungsten-silver project, highlighting multiple shallow, high-grade intercepts and the discovery of a new near-surface mineralised zone on the northeastern margin of the exi...
Sky Metals Maintains Strong Cash Position Amid Heavy Exploration Spending
Jul 21, 2026
Sky Metals Limited reported negative operating cash flow of A$0.567 million for the June 2026 quarter, reflecting staff and corporate costs partially offset by interest income. The company continues to operate pre-production, with receipts from cu...
Sky Metals Issues New Unquoted Performance Rights Under Incentive Scheme
Jul 7, 2026
Sky Metals Limited has notified the market of issuing new unquoted performance rights under its employee incentive scheme. The securities, which are not intended to be quoted on ASX, are structured to reward eligible participants over multi-year p...
Sky Metals extends shallow high‑grade tin‑tungsten mineralisation at Tallebung
Jun 22, 2026
Sky Metals has reported new shallow, high‑grade tin, tungsten and silver intercepts from extensional and in‑fill drilling at its 100%-owned Tallebung project in New South Wales. The latest results highlight broad zones of near-surface ...
Sky Metals Director Norman Seckold Lifts Indirect Shareholding
Jun 3, 2026
Sky Metals director Norman Seckold has reported a change in his indirect interests in the company’s fully paid ordinary shares, lodged via an Appendix 3Y notice to the ASX. The update details that Seckold, through related entity Seckold Pty ...
Sky Metals Issues New Shares and Lodges Cleansing Notice
Jun 3, 2026
Sky Metals Limited has issued 3,200,000 fully paid ordinary shares at A$0.155 per share and a further 750,000 shares following the conversion of performance rights, expanding its share capital base. The company confirmed the shares were issued wit...
Sky Metals Seeks ASX Quotation for 3.2 Million New Shares
Jun 3, 2026
Sky Metals Limited has applied to the ASX for quotation of 3.2 million new ordinary fully paid shares, with an issue date of 4 June 2026. The additional securities, lodged under an Appendix 2A as a new announcement, will expand the company’s...
Sky Metals Director Adjusts Indirect Share and Performance Right Holdings
Jun 3, 2026
Sky Metals Limited has disclosed a change in director Scott Todd’s indirect interests, reflecting internal adjustments in his holdings of company securities. The notice, lodged under ASX listing rules, details movements involving fully paid ...
Sky Metals Seeks ASX Quotation for 750,000 New Shares
Jun 3, 2026
Sky Metals Limited has applied for quotation of 750,000 new ordinary fully paid shares on the Australian Securities Exchange, with an issue date of 4 June 2026. The additional securities, arising from the exercise or conversion of existing instrum...
Sky Metals Performance Rights Lapse Without Exercise
Jun 3, 2026
Sky Metals Limited has reported the cessation of 170,000 performance rights (SKYAA) that were due to expire on 1 January 2027. The securities lapsed on 4 June 2026 after expiring without being exercised or converted, resulting in a reduction of ou...
Sky Metals Director Trims Indirect Shareholding to Cover Tax Liability
Jun 3, 2026
Sky Metals Limited has disclosed a change in director Richard Hill’s indirect interest in the company’s shares, as required under ASX listing rules. Hill, through associated entities Silverpeak Nominees Pty Ltd and the Switchkickers Su...
Sky Metals fast-tracks Tallebung approvals as high-grade drilling underpins resource upgrade
May 5, 2026
Sky Metals has advanced regulatory approvals for its Tallebung tin-tungsten-silver project by submitting a Scoping Report to initiate the New South Wales State Significant Development process, enabling key environmental, technical and permitting w...
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.