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Nickelx Ltd (AU:SMX)
ASX:SMX
Australian Market

Nickelx Ltd (SMX) AI Stock Analysis

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AU

Nickelx Ltd

(Sydney:SMX)

34Underperform
Nickelx Ltd's stock is heavily impacted by its poor financial performance, characterized by ongoing operational losses and liquidity challenges. Technical analysis provides some mixed signals, with a slight positive in long-term price movement, but overall weak momentum indicators. The valuation is negatively affected by the lack of profitability and dividend yield, making the stock less attractive to value investors. Immediate strategic improvements are necessary to enhance its financial health and attractiveness to investors.

Nickelx Ltd (SMX) vs. S&P 500 (SPY)

Nickelx Ltd Business Overview & Revenue Model

Company Descriptionnull
How the Company Makes Moneynull

Nickelx Ltd Financial Statement Overview

Summary
Income Statement
Balance Sheet
Cash Flow
Breakdown
Jun 2024Jun 2023Dec 2021Dec 2020Dec 2019
Income StatementTotal Revenue
0.000.000.0013.45K12.54K
Gross Profit
-12.38K-37.13K0.003.12K4.75K
EBIT
-1.93M-2.39M-3.15M-5.94M-4.47M
EBITDA
-2.10M-2.74M-3.01M-2.02M-64.82K
Net Income Common Stockholders
-2.11M-2.78M-4.94M-6.15M-4.63M
Balance SheetCash, Cash Equivalents and Short-Term Investments
840.93K3.06M2.85M4.34M1.71M
Total Assets
2.83M5.34M4.72M8.09M4.08M
Total Debt
0.0012.68K50.42K817.74K487.65K
Net Debt
-840.93K-3.05M-3.40M-3.52M-1.22M
Total Liabilities
317.24K703.57K317.40K1.98M1.16M
Stockholders Equity
2.51M4.64M4.40M6.11M2.92M
Cash FlowFree Cash Flow
-2.19M-1.94M-3.10M-4.49M-4.61M
Operating Cash Flow
-1.89M-1.79M-3.10M-3.53M-3.92M
Investing Cash Flow
-296.70K-150.00K-1.77M-956.95K-697.95K
Financing Cash Flow
-29.77K2.14M-19.24K6.71M4.02M

Nickelx Ltd Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.02
Price Trends
50DMA
0.03
Negative
100DMA
0.03
Negative
200DMA
0.03
Negative
Market Momentum
MACD
>-0.01
Positive
RSI
30.80
Neutral
STOCH
27.94
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:SMX, 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 0.03, and below the 200-day MA of 0.03, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 30.80 is Neutral, neither overbought nor oversold. The STOCH value of 27.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:SMX.

Nickelx Ltd Peers Comparison

Overall Rating
UnderperformOutperform
Sector (49)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
AUIGO
58
Neutral
$3.03B1,418.92-36.53%7.41%-28.50%-532.61%
AUSFR
56
Neutral
$4.72B35.605.11%42.05%
49
Neutral
$1.94B-1.23-21.28%3.73%1.19%-29.73%
AUNIC
49
Neutral
AU$2.58B17.84-7.32%6.72%-6.64%-209.78%
AUSMX
34
Underperform
AU$3.91M-87.63%12.73%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:SMX
Nickelx Ltd
0.02
0.00
0.00%
AU:SFR
Sandfire Resources Limited
10.34
0.55
5.62%
AU:IGO
IGO
4.07
-3.45
-45.86%
AU:NIC
Nickel Mines Ltd.
0.62
-0.32
-34.04%

Nickelx Ltd Corporate Events

Strata Minerals Reports Promising Drilling Results at Penny South
Apr 29, 2025

Strata Minerals Limited has announced encouraging results from its maiden drilling program at the Penny South Gold Project in Western Australia. The drilling, which targeted extensions of known gold mineralisation trends, revealed promising geological structures that suggest the presence of a significant gold system. The company has successfully obtained a government co-funded exploration grant and is planning further drilling, including deeper diamond drilling, to explore these promising areas further.

Strata Minerals Advances Gold Exploration with New Drilling and Fieldwork
Apr 15, 2025

Strata Minerals Limited announced the completion of its maiden drilling program at the Penny South Gold Project and the initiation of field activities at the Biranup Gold Project. The drilling at Penny South, which included 12 reverse circulation holes, targeted mineralized trends and zones of historical interest, with assay results expected soon. Additionally, Strata commenced fieldwork at the Biranup Gold Project, identifying the Black Dragon Prospect as a key area of interest due to significant gold and silver anomalies. The company successfully raised $1.6 million to support these exploration efforts, indicating a strategic focus on expanding its gold resource base and enhancing shareholder value.

Strata Minerals Updates Director’s Securities Holdings
Apr 9, 2025

Strata Minerals Limited announced a change in the director’s interest, specifically involving Peter Woods. The change includes the acquisition of 2,500,000 unlisted options at $0.045 expiring on April 9, 2028, which were issued as approved by shareholders at a recent meeting. This adjustment in securities holdings reflects the company’s ongoing governance and shareholder engagement practices.

Strata Minerals Completes Second Tranche of Capital Raising
Apr 9, 2025

Strata Minerals Limited has successfully completed the second tranche of its $1.6 million capital raising, securing approximately $0.31 million through the placement of over 10 million shares to institutional and sophisticated investors. This capital injection, approved by shareholders, is expected to bolster the company’s exploration efforts and strengthen its position in the mineral exploration industry.

Strata Minerals Issues Unquoted Equity Options
Apr 9, 2025

Strata Minerals Limited announced the issuance of 5,000,000 unquoted equity securities in the form of options expiring on April 9, 2028, with an exercise price of $0.045. This issuance is part of a previously announced transaction and is not intended to be quoted on the ASX, potentially impacting the company’s financial structure and stakeholder interests.

Strata Minerals Limited Issues New Employee Incentive Options
Apr 9, 2025

Strata Minerals Limited announced the issuance of 2,500,000 unquoted equity securities in the form of options set to expire on April 9, 2028, with an exercise price of $0.045. This move is part of an employee incentive scheme, indicating a strategic effort to retain and motivate employees, which may enhance the company’s operational efficiency and market competitiveness.

Strata Minerals Limited Announces New Securities Quotation
Apr 9, 2025

Strata Minerals Limited has announced the issuance of 10,629,568 fully paid ordinary securities, which will be quoted on the Australian Securities Exchange (ASX). This move is part of a previously announced transaction, and it signifies the company’s efforts to enhance its capital structure and potentially strengthen its market position.

Strata Minerals Reports High-Grade Gold and Silver Discoveries at Biranup Project
Apr 8, 2025

Strata Minerals Limited has announced promising high-grade gold and silver results from its recent fieldwork at the Biranup Gold Project in Western Australia. The Black Dragon Prospect, part of the Biranup Project, revealed significant gold and silver mineralization, with rock chip samples showing up to 218g/t gold and 302g/t silver. Positioned near the major Tropicana Gold Mine, the project is seen as a high-potential area with minimal prior exploration. The company plans to use these findings to guide future exploration efforts, aiming to uncover a large, high-grade gold system.

Strata Minerals Successfully Passes All Resolutions at General Meeting
Apr 3, 2025

Strata Minerals Limited announced that all resolutions presented at their General Meeting on April 3, 2025, were successfully carried out via a poll. The resolutions included the ratification of prior share placements and agreements, as well as approvals for issuing additional shares and options, indicating a strategic move to strengthen the company’s financial and operational capabilities.

Strata Minerals Completes Maiden Drilling at Penny South Gold Project
Mar 27, 2025

Strata Minerals Limited has successfully completed its maiden reverse circulation drilling program at the Penny South Gold Project in Western Australia, consisting of 12 holes over 2,583 meters. The program aimed to explore high-priority target areas for gold mineralization, with assay results expected soon. The data collected will provide critical geological insights for future exploration, and the company has applied for an Exploration Incentive Scheme grant to support potential deeper drilling efforts.

Strata Minerals Limited Releases Interim Financial Report for 2024
Mar 11, 2025

Strata Minerals Limited, formerly known as NickelX Limited, has released its interim financial report for the half year ending December 31, 2024. The report includes various financial statements and declarations, providing insights into the company’s financial health and operational performance during this period.

Strata Minerals Schedules General Meeting for Shareholders
Feb 27, 2025

Strata Minerals Limited has announced a General Meeting of Shareholders to be held on April 3, 2025, in Perth. Shareholders are encouraged to participate in the meeting either in person or by proxy, with the necessary documents available on the company’s website and the ASX platform. This meeting is crucial for shareholders to exercise their voting rights on important resolutions, impacting the company’s governance and future strategies.

Strata Minerals Limited Announces General Meeting for Key Shareholder Resolutions
Feb 27, 2025

Strata Minerals Limited has announced a General Meeting to be held on April 3, 2025, in Perth, Western Australia, where shareholders will vote on several resolutions. These include the ratification of prior share issues, approval for new share placements, and the issuance of options to investors and individuals. The outcomes of this meeting could impact the company’s capital structure and investor relations.

Strata Minerals Completes First Tranche of Capital Raising
Feb 19, 2025

Strata Minerals Limited has successfully completed the first tranche of its $1.6 million capital raising, generating approximately $1.28 million through the placement of over 42 million shares to institutional and sophisticated investors. This strategic financial move is expected to bolster Strata’s ongoing mineral exploration initiatives, particularly in its gold and uranium projects, enhancing its position within the industry. The completion of the remaining capital raising is pending shareholder approval, indicating a proactive approach towards securing necessary resources for future development.

Strata Minerals Limited Issues 1.5 Million Unquoted Options
Feb 19, 2025

Strata Minerals Limited announced the issuance of 1.5 million unquoted options under its ASX code SMX, which are part of an employee incentive scheme. The options, set to expire in December 2027 with exercise prices of $0.04 and $0.06, may impact the company’s stock performance as they are not intended to be quoted on ASX.

Strata Minerals Limited Issues Over 42 Million New Securities
Feb 19, 2025

Strata Minerals Limited announced the issuance of 42,703,765 fully paid ordinary securities, marking a significant step in their capital management strategy. This move is expected to enhance the company’s market presence and potentially attract new investors, reinforcing its position in the minerals industry.

Strata Minerals Secures $1.6M for Gold Exploration Initiatives
Feb 11, 2025

Strata Minerals Limited has announced a successful capital raising of $1.6 million through an equity placement to fund exploration activities at its Penny South and Biranup Gold Projects. The funds will be used primarily for a maiden drill program at Penny South, which is set to commence imminently. This strategic move positions the company to explore potential high-grade mineral deposits in proximity to established gold mines, potentially enhancing the company’s market position and value. A drill-for-equity agreement with Topdrill Pty Ltd further supports these exploration efforts, highlighting Strata’s commitment to advancing its projects and increasing shareholder value.

Strata Minerals Launches Exploration at Biranup Gold Project
Feb 6, 2025

Strata Minerals Limited has commenced fieldwork at its Biranup Gold Project in Western Australia, following a strategic review that identified the Black Dragon and Red Dragon prospects as high priority gold targets. The project is strategically positioned near the significant Tropicana Gold Mine, and Strata aims to verify historical results and explore new prospects. This initiative marks the company’s first gold-focused exploration at the site, underscoring its commitment to expanding its footprint in the gold mining sector.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

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.