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$0.24
â–²(6.82% Upside)
Action:ReiteratedDate:02/12/26
The score is held back primarily by weak financial performance (no revenue, losses, and cash burn), partially offset by improved balance-sheet strength. Technicals are a key positive due to strong trend and momentum, though overbought readings raise near-term risk. Valuation is constrained by a negative P/E and lack of dividend support.
Positive Factors
Sizable equity base
A stronger equity base (~A$17.1–20.5m in 2024–25) materially extends runway for exploration and reduces immediate solvency risk. Over the medium term this capitalization supports continued project work, lowers likelihood of fire-sales, and limits near-term dilution pressure versus prior years.
Negative Factors
No revenue
Zero reported revenue across 2021–2025 means the company lacks commercial cash inflows and its value hinges on exploration success or asset transactions. Structurally this creates binary outcomes and makes project economics unproven, sustaining higher financing and execution risk over months.
Read all positive and negative factors
Positive Factors
Negative Factors
Sizable equity base
A stronger equity base (~A$17.1–20.5m in 2024–25) materially extends runway for exploration and reduces immediate solvency risk. Over the medium term this capitalization supports continued project work, lowers likelihood of fire-sales, and limits near-term dilution pressure versus prior years.
Read all positive factors
Sky Metals Limited (SKY) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$197.68M
Dividend YieldN/A
Average Volume (3M)886.95K
Price to Earnings (P/E)―
Beta (1Y)2.01
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)N/A
Shares Outstanding988,382,700
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$0.31Price Target Upside40.91% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Sky Metals Limited Business Overview & Revenue Model
Company Description
Sky Metals Limited engages in the exploration and development of mineral resources in Australia. The company primarily explores for gold, copper, tin, tungsten, copper, bismuth, indium, nickel, cobalt, silver, lead, and zinc deposits. It holds int...
How the Company Makes Money
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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 |
|---|---|---|---|---|---|---|---|
74 Outperform | AU$62.68M | 8.70 | 19.12% | ― | -6.77% | -18.18% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | AU$197.68M | -11.11 | -20.15% | ― | ― | ― | |
53 Neutral | AU$240.93M | -26.94 | -5.45% | ― | ― | ― | |
44 Neutral | AU$25.69M | -12.60 | -9.73% | ― | ― | 50.00% | |
44 Neutral | AU$45.78M | -14.40 | -4.97% | ― | ― | 6.52% |
* Basic Materials Sector Average
AU:SKY
Sky Metals Limited
0.23
0.18
350.98%
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17.24%
Sky Metals Limited Corporate Events
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’...
Sky Metals Expands Tallebung Footprint and Advances Key Approvals
Mar 10, 2026
Sky Metals has reported further high‑grade, shallow tin‑tungsten‑silver intercepts and cassiterite‑bearing rock‑chip assays from ongoing multi‑rig drilling at its Tallebung Tin Project in New South Wales, confir...
Sky Metals Director Sells Shares to Cover Tax From Performance Rights
Feb 27, 2026
Sky Metals Limited has disclosed a change in the shareholding of director Oliver Davies, in line with ASX listing rule 3.19A.2 requirements. The notice details an adjustment to his holding of fully paid ordinary shares in the company.Davies dispos...
Sky Metals Requests Trading Halt Ahead of Material Capital Raising
Feb 10, 2026
Sky Metals Limited has requested an immediate trading halt on its securities on the ASX as it prepares to announce a material capital raising. Trading in SKY shares will remain halted until the earlier of the capital raising announcement being rel...
Sky Metals Uncovers Major Extensions at Tallebung Tin Project
Feb 8, 2026
Sky Metals has reported significant new extensions at its Tallebung Tin Project in New South Wales, where recent extensional drilling intersected prospective quartz-vein structures beneath a large soil anomaly, indicating potential repetitions of ...
Sky Metals Extends High-Grade Tin Strike at Doradilla Beyond 10km
Feb 4, 2026
Sky Metals has reported high‑grade tin‑polymetallic rock‑chip results at its Doradilla Project in New South Wales, including 3.10% tin with significant lead, copper, zinc and indium, extending the confirmed mineralised strike to ...
Sky Metals Director Norman Seckold Increases Indirect Shareholding
Jan 30, 2026
Sky Metals Limited has disclosed a change in the indirect holdings of director Norman Seckold through several associated entities, including Altinova Nominees, Seckold Pty Ltd, Permgold Pty Ltd, Evenlen Pty Ltd and Cavefair Pty Ltd. The filing to ...
Sky Metals Director Increases Equity Holding Through Performance Rights Conversion
Jan 30, 2026
Sky Metals Limited has disclosed a change in Director Oliver Davies’ interests, with 1,250,000 performance rights converting into an equivalent number of fully paid ordinary shares at no cash consideration. Following this conversion, Davies&...
Sky Metals Director Increases Shareholding Through Performance Rights Conversion
Jan 30, 2026
Sky Metals Limited has reported a change in the indirect holdings of director Rimas Kairaitis, made through his associated entity Smiff Pty Ltd. The company disclosed that 1,250,000 performance rights held by Kairaitis were converted into 1,250,00...
Sky Metals Director Converts Performance Rights to Ordinary Shares
Jan 30, 2026
Sky Metals Limited has reported a change in the indirect holdings of director Richard Hill, involving entities through which he holds interests, including Silverpeak Nominees Pty Ltd and the Switchkickers Super Fund. The transaction saw the conver...
Sky Metals Director Increases Shareholding Through Performance Rights Conversion
Jan 30, 2026
Sky Metals Limited has reported a change in director Scott Todd’s relevant interests in the company’s securities following the conversion of performance rights into equity. Through the S W Todd Family Pty Ltd and Todd Family Trust, To...
Sky Metals Seeks ASX Quotation for 8.2 Million New Shares
Jan 30, 2026
Sky Metals Limited has applied for quotation of 8.2 million new fully paid ordinary shares on the ASX, expanding its listed securities on the exchange. The issuance, arising from the exercise or conversion of existing options or other convertible ...
Sky Metals Performance Rights Lapse, Trimming Potential Dilution
Jan 30, 2026
Sky Metals Limited has announced the expiry of 1,100,000 performance rights (ASX code: SKYAZ) that were due to expire on 1 July 2026, which have now lapsed unexercised as of 30 January 2026. The cessation of these performance rights reduces the po...
Sky Metals Ramps Up Tallebung Drilling and Confirms Doradilla as Second Tin Development Asset
Jan 22, 2026
Sky Metals has launched a major multi-rig drilling program of more than 100 holes at its Tallebung Tin Project in New South Wales to extend high-grade tin-silver-tungsten zones, support an updated Mineral Resource Estimate and gather geotechnical ...
Sky Metals Posts Exploration-Driven Cash Outflows but Maintains Liquidity via Equity Raising
Jan 22, 2026
Sky Metals Limited reported its quarterly cash flow for the period ended 31 December 2025, showing a net cash outflow from operating activities of A$449,000 and from investing activities of A$1.464 million, driven mainly by capitalised exploration...
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.