Sky Metals Limited (AU:SKY)
ASX:SKY
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Sky Metals Limited
(Sydney:SKY)
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Rating:54Neutral
Price Target:
AU$0.23
▲(4.55% Upside)
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
Balance sheet strength
The company increased equity and holds low leverage versus prior years, creating a multi-month funding runway typical for early-stage miners. A stronger balance sheet reduces near-term refinancing pressure and preserves strategic optionality for exploration or staged development.
Negative Factors
No revenue base
Absent any revenue, the company lacks an earnings foundation to fund operations or signal commercial viability. This structurally increases execution risk: success depends on exploration outcomes, development timelines, and successful transition to production or recurring sales.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
The company increased equity and holds low leverage versus prior years, creating a multi-month funding runway typical for early-stage miners. A stronger balance sheet reduces near-term refinancing pressure and preserves strategic optionality for exploration or staged development.
Read all positive factors
Sky Metals Limited (SKY) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$223.27M
Dividend YieldN/A
Average Volume (3M)886.95K
Price to Earnings (P/E)―
Beta (1Y)1.76
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$0.35Price Target Upside59.09% 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 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% | |
55 Neutral | AU$241.78M | -55.91 | -4.01% | ― | ― | 77.84% | |
54 Neutral | AU$223.27M | -39.71 | -20.15% | ― | ― | ― | |
45 Neutral | AU$210.25M | -66.11 | -3.05% | ― | ― | 52.92% | |
45 Neutral | AU$214.78M | -14.10 | -87.62% | ― | -100.00% | -2337.50% | |
43 Neutral | AU$254.72M | -40.30 | -3.40% | ― | ― | ― | |
43 Neutral | AU$236.77M | -2.87 | -288.35% | ― | ― | -587.58% |
* Basic Materials Sector Average
AU:SKY
Sky Metals Limited
0.23
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Sky Metals Limited Corporate Events
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...
Sky Metals Accelerates Tallebung Development on Strong Drilling and $20.5m Raise
Apr 28, 2026
Sky Metals reported strong March quarter progress at its flagship Tallebung tin‑tungsten‑silver project, where a multi‑rig drilling campaign returned multiple shallow high‑grade intercepts and expanded mineralisation to the...
Sky Metals Bolsters Cash Reserves With A$20m Equity Raise Amid Strong Exploration Spend
Apr 28, 2026
Sky Metals Limited reported its quarterly cash flow for the period ended 31 March 2026, showing net operating cash outflows of A$444,000 largely driven by staff, administration and corporate costs. The company continued to invest heavily in explor...
Sky Metals calls 2026 general meeting to ratify major share issues and director placement
Apr 17, 2026
Sky Metals Limited has called a general meeting of shareholders for 19 May 2026 in Sydney, setting 17 May 2026 as the record date to determine voting eligibility. The meeting underscores the company’s reliance on shareholder approval to vali...
Sky Metals Advances Tin-Tungsten Growth Strategy at Tallebung and Doradilla
Apr 8, 2026
Sky Metals Limited has highlighted the Tallebung Tin-Tungsten Project in New South Wales as a large and expanding resource positioned to benefit from modern mining technology, efficient development, and growing global tin demand. The company’...
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.