Torque Metals Ltd. (AU:TOR)
ASX:TOR
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Torque Metals Ltd.
(Sydney:TOR)
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Rating:57Neutral
Price Target:
AU$0.53
▲(3.53% Upside)
Action:ReiteratedDate:04/11/26
The score is held back primarily by weak financial performance (minimal revenue, widening losses, and ongoing negative free cash flow despite a strong low-debt balance sheet). Technicals are a meaningful positive with price above key moving averages and a positive MACD, but valuation remains challenged due to losses and the absence of a dividend yield.
Positive Factors
Balance sheet strength
Very low leverage and a materially stronger equity base provide durable financial runway for exploration cycles. Low debt reduces refinancing and interest risk, giving management flexibility to fund drilling and permit activity without immediate capital-market pressure.
Negative Factors
Minimal revenue and widening losses
Persistently tiny revenues and materially wider net losses reflect the company is not yet generating sustainable operating income. Continued losses erode returns and require ongoing funding, meaning shareholders face long timelines to profitability absent material project advancement.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Very low leverage and a materially stronger equity base provide durable financial runway for exploration cycles. Low debt reduces refinancing and interest risk, giving management flexibility to fund drilling and permit activity without immediate capital-market pressure.
Read all positive factors
Torque Metals Ltd. (TOR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$306.67M
Dividend YieldN/A
Average Volume (3M)2.29M
Price to Earnings (P/E)―
Beta (1Y)1.72
Revenue GrowthN/A
EPS Growth14.63%
CountryAU
Employees1
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding601,304,200
10 Day Avg. Volume3,404,319
30 Day Avg. Volume2,292,197
Financial Highlights & Ratios
PEG Ratio0.39
Price to Book (P/B)0.72
Price to Sales (P/S)215.13
P/FCF Ratio-17.18
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.73Price Target Upside43.14% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Torque Metals Ltd. Business Overview & Revenue Model
Company Description
Torque Metals Limited operates as a gold exploration company in Australia. Its flagship project is the 100% owned Paris Gold project comprising 9 mining leases and 2 prospecting leases covering an area of approximately 68 square kilometers located...
How the Company Makes Money
Torque Metals Ltd. generates revenue by exploring and developing mineral-rich properties, aiming to extract and sell gold and other valuable metals. Revenue is primarily derived from the sale of mined materials to refineries or other buyers in the...
Torque Metals Ltd. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
29
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 191.67K | 196.57K | 100.00K | 0.00 | 50.00K |
| Gross Profit | -279.48K | 191.67K | 196.57K | 58.68K | -24.93K | 50.00K |
| EBITDA | -6.08M | -6.20M | -4.58M | -2.05M | -2.13M | -1.81M |
| Net Income | -6.35M | -7.25M | -4.68M | -2.09M | -2.15M | -1.82M |
Balance Sheet | ||||||
| Total Assets | 78.53M | 60.02M | 22.78M | 11.71M | 10.29M | 8.82M |
| Cash, Cash Equivalents and Short-Term Investments | 16.15M | 3.52M | 2.26M | 2.09M | 3.44M | 5.08M |
| Total Debt | 422.10K | 478.15K | 19.06K | 40.94K | 61.05K | 0.00 |
| Total Liabilities | 3.83M | 2.77M | 2.67M | 981.02K | 363.93K | 769.92K |
| Stockholders Equity | 74.70M | 57.24M | 20.11M | 10.73M | 9.92M | 8.05M |
Cash Flow | ||||||
| Free Cash Flow | -2.46M | -2.40M | -7.90M | -3.93M | -4.57M | -1.44M |
| Operating Cash Flow | -1.39M | -1.51M | -1.97M | -270.81K | -1.22M | -13.91K |
| Investing Cash Flow | -4.99M | -3.89M | -5.93M | -3.41M | -3.34M | -1.43M |
| Financing Cash Flow | 21.10M | 6.53M | 8.08M | 2.33M | 2.92M | 6.51M |
Torque Metals Ltd. Technical Analysis
Positive
0.51
Price Trends
0.36
Positive
0.32
Positive
0.29
Positive
Market Momentum
0.03
Negative
63.50
Neutral
85.71
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:TOR, the sentiment is Positive. The current price of 0.51 is above the 20-day moving average (MA) of 0.45, above the 50-day MA of 0.36, and above the 200-day MA of 0.29, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 63.50 is Neutral, neither overbought nor oversold. The STOCH value of 85.71 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:TOR.
Torque Metals 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% | |
57 Neutral | AU$306.67M | -54.81 | -18.74% | ― | ― | 14.63% | |
56 Neutral | AU$215.53M | -301.32 | -2.84% | ― | ― | 42.74% | |
46 Neutral | AU$103.41M | -8.13 | -13.28% | ― | ― | 3.85% | |
43 Neutral | AU$130.21M | -21.55 | -25.67% | ― | ― | -700.00% | |
40 Underperform | AU$2.83B | -216.67 | -9.73% | ― | ― | -85.71% |
* Basic Materials Sector Average
AU:TOR
Torque Metals Ltd.
0.51
0.43
537.50%
AU:KAI
Kairos Minerals
0.58
0.28
93.98%
AU:TAM
Tanami Gold NL
0.09
0.06
193.33%
AU:WWI
West Wits Mining Limited
0.67
0.47
234.17%
AU:HRN
Horizon Gold Ltd
1.21
0.77
175.63%
Torque Metals Ltd. Corporate Events
Torque Metals positions Paris project as WA’s next high-grade gold story
Apr 9, 2026
Torque Metals used the RRS Gather Round Conference to position itself as a reset and re-rate gold explorer, promoting the Paris Gold Project in Western Australia as the state’s next high-grade gold story. The company highlighted previously r...
Torque Metals Issues 2.83 Million New Unquoted Employee Options
Apr 8, 2026
Torque Metals Ltd. has notified the market of the issue of 2,830,000 new unquoted options exercisable at $0.30 and expiring on 8 April 2029, under its employee incentive scheme. The move reinforces the company’s use of long-term equity incen...
Torque Metals Issues New Shares and Confirms Regulatory Compliance
Apr 8, 2026
Torque Metals Limited has issued 1,806,312 new ordinary shares, as detailed in recent filings with the ASX, expanding its share capital to support the company’s ongoing activities. The board confirmed that the shares were issued without a pr...
Torque Metals Seeks Quotation for Additional Ordinary Shares on ASX
Apr 8, 2026
Torque Metals Ltd., an ASX-listed mining and resources company trading under the code TOR, has expanded its register of ordinary fully paid shares through a new quotation application. The latest issuance underscores the company’s ongoing use...
Torque Metals Seeks ASX Quotation for Newly Issued Shares
Apr 8, 2026
Torque Metals Limited has applied to the ASX for quotation of 1,229,389 ordinary fully paid shares, with an issue date of 8 April 2026. The new securities result from the exercise or conversion of existing options or other convertible instruments,...
Torque Metals Extends High-Grade Gold at Paris Project Ahead of Resource Upgrade
Apr 8, 2026
Torque Metals has reported significant new assay results from in-fill and extensional drilling at its Paris Gold Deposit, including very high-grade intercepts and confirmation of a multi-lode system extending up to 500 metres beyond the current mi...
Torque Metals Shifts to Digital Delivery for 2026 Shareholder Meeting Materials
Apr 1, 2026
Torque Metals Ltd. has called a general meeting of shareholders for 29 April 2026 at the Albion Hotel in Cottesloe, Western Australia, outlining the formal details of time, place and access to the meeting materials. Instead of posting hard-copy no...
Torque Metals calls key shareholder vote on board overhaul and share placement
Apr 1, 2026
Torque Metals Ltd. has called a general meeting of shareholders for 29 April 2026 in Cottesloe, Western Australia, to vote on a series of resolutions that will reshape its board and capital structure. Shareholders of record as at 5:00 p.m. on 27 A...
Torque Metals Issues 1.47 Million New Shares Under Disclosure Exemption
Mar 17, 2026
Torque Metals has issued 1,474,409 new ordinary shares, as detailed in a filing with the ASX, and has confirmed that these shares were issued without a prospectus under the disclosure exemptions of the Corporations Act. The company also advised th...
Torque Metals Applies to Quote 1.47 Million New Shares on ASX
Mar 17, 2026
Torque Metals Ltd. has applied for quotation on the ASX of 1,474,409 new ordinary fully paid shares, to be traded under the ticker TOR. The securities, issued on March 17, 2026, arise from the exercise or conversion of existing options or other co...
Torque Metals Highlights Transformational Potential at Paris Gold Project
Mar 17, 2026
Torque Metals used the Euroz Hartleys Rottnest Conference to position its Paris Gold Project in Western Australia as a transformational growth opportunity, underpinned by a proven discovery and development team. The presentation reiterates previou...
Torque Metals Updates Corporate Structure in Half-Year Filing
Mar 16, 2026
Torque Metals Ltd. has released its financial statements for the half year ended 31 December 2025, outlining its updated corporate directory and governance structure. The company highlighted board and management changes, including the appointment ...
Torque Metals Issues New Shares and Confirms Regulatory Compliance
Mar 11, 2026
Torque Metals has issued 1,460,889 new ordinary shares, as detailed in a filing with the ASX, expanding its share capital base. The company confirmed the shares were issued without a prospectus under relevant Corporations Act provisions, while aff...
Torque Metals Seeks ASX Quotation for 1.46 Million New Shares
Mar 11, 2026
Torque Metals Ltd., an ASX-listed resources company trading under the code TOR, has issued and applied for quotation of new ordinary fully paid shares. The company continues to access equity markets as part of its broader capital management and fu...
Torque Metals Plans New Share Placement and Performance Rights Issue
Mar 10, 2026
Torque Metals Ltd., an Australian resources company listed on the ASX under code TOR, primarily operates through the issuance and trading of ordinary fully paid shares. The company uses equity-based structures, including performance rights, as par...
Torque Metals Plans Issue of 1.2 Million Performance Rights on ASX
Mar 10, 2026
Torque Metals Limited has notified the ASX of a proposed issue of up to 1,198,681 performance rights as part of a new placement or other type of security issue. The performance rights, to be issued under a new security class, form part of the comp...
Torque Metals recruits ex-Spartan team to fast-track Paris Gold Project
Mar 10, 2026
Torque Metals has recruited a high-profile exploration and development team from Spartan Resources, including Simon Lawson as chairman-elect, Craig Jones as CEO and managing director-elect, and David Coyne as non-executive director-elect. The trio...
Torque Metals Shares Halted Ahead of Management Changes and Capital Raise
Mar 8, 2026
Torque Metals Ltd. has requested and been granted a trading halt in its securities on the ASX, effective from 9 March 2026, with the halt to remain until either 11 March 2026 or the release of a pending announcement. The company said the halt is t...
Torque Metals Extends High-Grade Paris Gold System and Bolsters Balance Sheet
Jan 30, 2026
Torque Metals reported a strong December 2025 quarter, highlighted by high-grade drilling results at its Paris Gold Deposit that extend mineralisation well beyond the existing 250,000-ounce resource, confirming Paris as a large-scale, multi-lode g...
Torque Metals Advances Paris Gold Camp Toward Development With Aggressive Drilling and Permitting Push
Jan 28, 2026
Torque Metals has outlined its 2026 strategy for the Paris Gold Camp, moving the project from discovery and expansion into a more mature resource growth and development phase. The company has begun mining development and permitting activities, inc...
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.
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