Strike Resources Limited (AU:SRK)
ASX:SRK
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Strike Resources Limited
(Sydney:SRK)
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Rating:53Neutral
Price Target:
AU$0.04
▼(-7.50% Downside)
Action:ReiteratedDate:04/30/26
The score is held back primarily by weak financial performance, driven by recurring operating losses and persistent cash burn. Partially offsetting this are moderately positive technical momentum signals and a very low P/E ratio that suggests the stock screens as inexpensive.
Positive Factors
Low near-term leverage (no debt in FY2025)
Zero reported debt in FY2025 provides durable financial flexibility, reducing near-term default risk and preserving the option to fund project advancement via equity, JV funding, or selective borrowing. This improves ability to pursue development or farm-downs without immediate refinancing pressure.
Negative Factors
Persistent negative operating and free cash flow
Consistent operating and free cash outflows show the business is not self-funding development or exploration. Over a multi-month horizon this necessitates external financing or asset sales, increasing dilution or execution risk and constraining the pace at which projects can be advanced.
Read all positive and negative factors
Positive Factors
Negative Factors
Low near-term leverage (no debt in FY2025)
Zero reported debt in FY2025 provides durable financial flexibility, reducing near-term default risk and preserving the option to fund project advancement via equity, JV funding, or selective borrowing. This improves ability to pursue development or farm-downs without immediate refinancing pressure.
Read all positive factors
Strike Resources Limited (SRK) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$9.08M
Dividend YieldN/A
Average Volume (3M)231.51K
Price to Earnings (P/E)0.2
Beta (1Y)1.65
Revenue GrowthN/A
EPS Growth682.98%
CountryAU
Employees7
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.01
Shares Outstanding283,750,000
10 Day Avg. Volume177,359
30 Day Avg. Volume231,511
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)2.10
Price to Sales (P/S)0.00
P/FCF Ratio-2.49
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
Strike Resources Limited Business Overview & Revenue Model
Company Description
Strike Resources Limited operates as a mineral exploration company in Australia, Argentina, and Peru. The company primarily explores for iron ore, graphite, gold, and lithium deposits. Its flagship project is the Apurimac magnetite iron ore projec...
How the Company Makes Money
Strike Resources Limited makes money by monetizing its interests in mineral projects, primarily through (1) proceeds from the sale of mineral commodities when it has access to mining/production and offtake pathways, and (2) asset monetization tran...
Strike Resources Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
52
Neutral
Cash Flow
14
Very Negative
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 9.64M | 0.00 |
| Gross Profit | -22.18K | -40.09K | -84.26K | -2.65M | -9.05K |
| EBITDA | -3.10M | 2.36M | -1.37M | -4.17M | 4.22M |
| Net Income | -2.87M | 754.52K | -6.88M | -4.59M | 3.86M |
Balance Sheet | |||||
| Total Assets | 4.60M | 7.86M | 19.61M | 21.62M | 18.64M |
| Cash, Cash Equivalents and Short-Term Investments | 3.88M | 6.72M | 2.64M | 4.21M | 6.69M |
| Total Debt | 0.00 | 0.00 | 11.99M | 7.05M | 0.00 |
| Total Liabilities | 821.34K | 1.15M | 13.83M | 9.50M | 2.16M |
| Stockholders Equity | 3.78M | 6.70M | 5.78M | 12.12M | 16.47M |
Cash Flow | |||||
| Free Cash Flow | -3.20M | -3.26M | -17.99M | -8.59M | -5.06M |
| Operating Cash Flow | -3.18M | -2.83M | -2.39M | -1.92M | -4.65M |
| Investing Cash Flow | 308.94K | 19.94M | -4.22M | -6.40M | -407.54K |
| Financing Cash Flow | 0.00 | -12.99M | 4.13M | 5.55M | 8.54M |
Strike Resources Limited Technical Analysis
Negative
0.04
Price Trends
0.04
Negative
0.04
Negative
0.04
Negative
Market Momentum
>-0.01
Negative
4.70
Positive
-1.39
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:SRK, the sentiment is Negative. The current price of 0.04 is above the 20-day moving average (MA) of 0.03, above the 50-day MA of 0.04, and above the 200-day MA of 0.04, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 4.70 is Positive, neither overbought nor oversold. The STOCH value of -1.39 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:SRK.
Strike Resources 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% | |
53 Neutral | AU$9.08M | 0.23 | 108.54% | ― | ― | 682.98% | |
48 Neutral | AU$26.23M | -12.76 | -11.53% | ― | ― | 37.50% | |
47 Neutral | AU$11.87M | -13.13 | -5.53% | ― | ― | -7.41% | |
46 Neutral | AU$14.71M | -1.24 | -7.72% | ― | ― | 82.28% | |
45 Neutral | AU$20.59M | -3.24 | -104.93% | ― | ― | -100.00% | |
43 Neutral | AU$5.04M | -1.75 | -318.64% | ― | ― | -179.17% |
* Basic Materials Sector Average
AU:SRK
Strike Resources Limited
0.03
>-0.01
-5.88%
AU:YAR
Consolidated Zinc Limited
0.01
0.00
0.00%
AU:VR8
Vanadium Resources Ltd.
0.02
>-0.01
-5.00%
AU:CZN
Corazon Mining Limited
0.20
-0.01
-6.98%
AU:VRC
Volt Resources Ltd
0.01
0.00
0.00%
AU:GRE
Greentech Metals Ltd.
0.08
0.03
53.06%
Strike Resources Limited Corporate Events
Strike trims Apurímac stake as exploration and export plans advance
Apr 30, 2026
Strike Resources has agreed to sell a further 28.52% minority interest in its Apurímac Iron Ore Project in Peru to JE United for A$5.5 million, a deal that would leave Strike with 51.48% and its partner with 48.52%, subject to conditions by M...
Strike Resources Advances Exploration at Peru’s Opaban 1 Iron Ore Concession
Apr 9, 2026
Strike Resources has updated the market on exploration work at its Opaban 1 concession within the Apurimac Iron Ore Project in Peru, where recent geological mapping and surface sampling have targeted areas outside the current JORC resource to expa...
Strike accelerates exploration at Peru’s Apurimac iron ore project
Apr 8, 2026
Strike Resources has advanced exploration at its Opaban 1 concession within the Apurimac Iron Ore Project in Peru, completing geological mapping and surface sampling in areas outside its existing JORC resource. The program is aimed at expanding th...
Strike Resources Sells Minority Apurimac Stake to JEL to Fund Mine Restart
Mar 17, 2026
Strike Resources has agreed to sell an indirect 28.52% stake in its Peruvian subsidiary Apurimac Ferrum S.A.C., owner of the Apurimac Iron Ore Project, to international iron ore trader JE United for A$5.5 million in cash, lifting JEL’s inter...
Strike Resources Halts Trading Ahead of Apurimac Iron Ore Transaction Update
Mar 15, 2026
Strike Resources has requested a trading halt in its shares on the ASX pending a market announcement concerning a corporate transaction involving a partial disposal of its Apurimac Iron Ore Project. Trading in SRK securities will remain halted unt...
Strike Resources Files Half-Year Report for 31 December 2025
Mar 15, 2026
Strike Resources Limited has released its half-year report for the period ended 31 December 2025, providing investors with updated financial statements, directors’ commentary and details of its mineral concessions and JORC mineral resources....
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.