Nickelx Ltd (AU:SMX)
ASX:SMX
Top Page
Nickelx Ltd
(Sydney:SMX)
Select Model
Select Model
Rating:44Neutral
Price Target:
AU$0.02
▲(0.00% Upside)
Action:ReiteratedDate:03/24/26
The score is primarily weighed down by weak financial performance (pre-revenue, widening losses, and ongoing cash burn alongside declining equity), indicating continued reliance on external funding. Technicals are mixed with neutral momentum and price near key averages, offering limited support. Valuation is hard to assess due to negative earnings and no stated dividend yield.
Positive Factors
Low Leverage
The near-zero debt profile materially lowers insolvency and interest-burden risk, preserving financial flexibility. Over a 2–6 month horizon this durable balance sheet feature makes refinancing or securing project financing easier and reduces fixed-cost pressure on operations.
Negative Factors
Pre-revenue Profile
Being pre-revenue removes operational cash inflows and leaves profitability contingent on project development or commodity markets. Over months this creates low visibility on sustainable margins and high execution risk until commercial revenues materialize.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
The near-zero debt profile materially lowers insolvency and interest-burden risk, preserving financial flexibility. Over a 2–6 month horizon this durable balance sheet feature makes refinancing or securing project financing easier and reduces fixed-cost pressure on operations.
Read all positive factors
Nickelx Ltd (SMX) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$6.72M
Dividend YieldN/A
Average Volume (3M)828.12K
Price to Earnings (P/E)―
Beta (1Y)-0.29
Revenue GrowthN/A
EPS Growth28.93%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding319,963,400
10 Day Avg. Volume865,469
30 Day Avg. Volume828,120
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)0.85
Price to Sales (P/S)0.00
P/FCF Ratio-1.15
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
Nickelx Ltd Business Overview & Revenue Model
Company Description
Strata Minerals Ltd. is an exploration company, which engages in acquiring, exploring, and developing mineral projects. It focuses on gold, uranium, and rare earths. Its projects include Penny South Gold, Elliot Lake Uranium, Biranup, and Dalwalli...
Nickelx Ltd Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
58
Neutral
Cash Flow
22
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 | 13.45K |
| Gross Profit | 0.00 | 0.00 | -12.38K | -37.13K | -35.33K | 3.12K |
| EBITDA | -3.23M | -3.30M | -2.10M | -2.74M | -3.01M | -2.02M |
| Net Income | -3.18M | -3.30M | -2.11M | -2.78M | -3.05M | -2.05M |
Balance Sheet | ||||||
| Total Assets | 2.98M | 2.97M | 2.83M | 5.34M | 4.72M | 7.64M |
| Cash, Cash Equivalents and Short-Term Investments | 1.47M | 2.03M | 840.93K | 3.06M | 2.85M | 5.97M |
| Total Debt | 0.00 | 0.00 | 0.00 | 12.68K | 50.42K | 28.98K |
| Total Liabilities | 360.31K | 100.96K | 317.24K | 703.57K | 317.40K | 214.91K |
| Stockholders Equity | 2.62M | 2.87M | 2.51M | 4.64M | 4.40M | 7.43M |
Cash Flow | ||||||
| Free Cash Flow | -2.87M | -2.13M | -2.19M | -1.94M | -3.10M | -4.49M |
| Operating Cash Flow | -2.87M | -2.13M | -1.89M | -1.79M | -3.10M | -3.53M |
| Investing Cash Flow | -184.06K | -64.18K | -296.70K | -150.00K | -1.50K | -956.95K |
| Financing Cash Flow | 2.55M | 3.38M | -29.77K | 2.14M | -19.24K | 7.01M |
Nickelx Ltd Technical Analysis
Neutral
0.02
Price Trends
0.02
Negative
0.02
Negative
0.02
Positive
Market Momentum
>-0.01
Positive
47.16
Neutral
>-0.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:SMX, the sentiment is Neutral. The current price of 0.02 is below the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and above the 200-day MA of 0.02, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 47.16 is Neutral, neither overbought nor oversold. The STOCH value of >-0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:SMX.
Nickelx 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% | |
44 Neutral | AU$6.72M | -0.94 | -115.58% | ― | ― | 28.93% | |
43 Neutral | AU$1.75M | -0.06 | -562.56% | ― | ― | ― | |
43 Neutral | AU$6.34M | -4.57 | 227.23% | ― | -26.58% | ― | |
43 Neutral | AU$6.22M | -0.55 | -525.49% | ― | 3.91% | 46.67% | |
42 Neutral | AU$16.81M | -2.11 | -15.51% | ― | ― | -17.92% |
* Basic Materials Sector Average
AU:SMX
Nickelx Ltd
0.02
>-0.01
-25.00%
AU:RC1
Redcastle Resources Limited
0.14
0.04
41.41%
AU:1TT
Wooboard Technologies Limited
0.01
0.00
0.00%
AU:SIS
Simble Solutions Ltd.
―
―
―
AU:ID8
Identitii Ltd.
0.01
0.00
0.00%
Nickelx Ltd Corporate Events
Strata Minerals Launches Phase 2 Drilling at Zelica Gold Project
Mar 23, 2026
Strata Minerals has commenced a Phase 2 reverse circulation drilling program at its Zelica Gold Project in Western Australia, following a successful maiden campaign that intersected significant shallow high-grade oxide gold in 22 of 23 holes. The ...
Strata Minerals Releases Interim Half-Year Financial Report
Mar 11, 2026
Strata Minerals Ltd has released its interim financial report for the half year ended 31 December 2025, providing shareholders with an overview of its financial performance and position. The report includes the directors’ commentary, reviewe...
Strata Minerals to Launch Second Drilling Phase at WA Zelica Gold Project
Mar 9, 2026
Strata Minerals Limited will restart drilling at its Zelica Gold Project in Western Australia, having secured a rig for a second-phase reverse circulation program of about 20 holes totalling 2,500 metres. The campaign follows a maiden program that...
Strata Minerals Director Jonathan Downes Increases Equity Stake via Share Issue
Mar 3, 2026
Strata Minerals Limited has disclosed a change in director Jonathan Downes’ relevant interests, detailing an increase in his directly held ordinary fully paid shares. The filing outlines his mix of indirect and direct holdings, including unl...
Strata Minerals Completes Tranche 2 Capital Raising and Issues Shares to Kalgoorlie Gold Mining
Feb 27, 2026
Strata Minerals Limited has completed the second tranche of its previously announced $1.175 million capital raising, securing $70,000 through the placement of 3.5 million shares at $0.02 each to directors and related parties following shareholder ...
Strata Minerals Issues 8 Million Unquoted Options in Capital Structuring Move
Feb 27, 2026
Strata Minerals Limited has notified the market of the issue of 8,000,000 unquoted options, each exercisable at $0.03 and expiring on February 26, 2029. The options, issued on February 26, 2026, form part of a previously announced transaction, sig...
Strata Minerals Seeks ASX Quotation for Nearly 7 Million New Shares
Feb 27, 2026
Strata Minerals Limited has applied to the ASX for quotation of 6,986,238 ordinary fully paid shares, designated under the code SMX. The new securities, issued on 26 February 2026 and linked to a previously announced transaction, will expand the c...
Strata Minerals Expands Zelica Footprint With Zelica South Acquisition
Feb 27, 2026
Strata Minerals has completed the 100% acquisition of the Zelica South Project, adding two tenements to its holdings and consolidating an approximately 8km gold-mineralised corridor across the Zelica and Zelica South areas in Western AustraliaR...
Strata Minerals Expands Zelica Gold Footprint and Launches Maiden Drilling Campaign
Jan 23, 2026
Strata Minerals has strengthened its position in Western Australia’s Eastern Goldfields by exercising an option to acquire 100% of the Zelica Gold Project and purchasing the adjoining Zelica South tenement, expanding the Zelica footprint fiv...
Strata Minerals Calls February General Meeting, Urges Shareholder Proxy Participation
Jan 19, 2026
Strata Minerals Limited has called a General Meeting of shareholders to be held in person in Perth on 19 February 2026, with the notice of meeting and explanatory materials made available online via the company’s website and ASX platform in ...
Strata Minerals Calls February Shareholder Vote on Acquisition and Capital Raisings
Jan 19, 2026
Strata Minerals Limited has called a general meeting for 19 February 2026 in Perth, where shareholders of record as at 17 February will vote on a series of resolutions relating to share issues and corporate approvals. The agenda includes approval ...
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.