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Torque Metals Ltd.
(Sydney:TOR)
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Rating:46Neutral
Price Target:
AU$0.22
▼(-58.46% Downside)
Action:Reiterated
Date:07/08/26
The score is primarily constrained by weak fundamentals (minimal revenue, widening losses, and ongoing cash burn) and bearish technicals (trading below all key moving averages with negative MACD). The low-debt balance sheet is a meaningful offset, but the negative P/E and lack of dividend underscore that valuation support is limited while profitability remains negative.
Positive Factors
Balance sheet strength (low leverage)
Very low leverage (~0.8% debt-to-equity) and a larger equity base provide a durable capital buffer. This reduces insolvency risk and gives management time and flexibility to pursue operational fixes or seek non-dilutive financing, supporting resilience across 2-6 months.
Negative Factors
Very small and declining revenue
A very small, declining revenue base is a structural constraint: it limits the ability to absorb fixed costs, undermines margins and makes scaling economics difficult. Without sustained top-line growth, profitability and self-funding remain unlikely over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength (low leverage)
Very low leverage (~0.8% debt-to-equity) and a larger equity base provide a durable capital buffer. This reduces insolvency risk and gives management time and flexibility to pursue operational fixes or seek non-dilutive financing, supporting resilience across 2-6 months.
Read all positive factors
Torque Metals Ltd. (TOR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$134.36M
Dividend YieldN/A
Average Volume (3M)2.29M
Price to Earnings (P/E)―
Beta (1Y)1.56
Revenue GrowthN/A
EPS Growth13.13%
CountryAU
Employees1
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.02
Shares Outstanding624,928,500
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$0.55Price Target Upside5.77% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.28
Revenue Forecast (FY)AU$521.00M
Torque Metals Ltd. Business Overview & Revenue Model
Company Description
Torque Metals Limited is an Australian company dedicated to gold exploration. Its principal asset is the wholly-owned Paris Gold project, an extensive site situated in Western Australia. This flagship venture spans roughly 68 square kilometers and...
How the Company Makes Money
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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 | 50.95K | 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
Negative
0.52
Price Trends
0.31
Negative
0.37
Negative
0.33
Negative
Market Momentum
-0.03
Negative
33.59
Neutral
34.34
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:TOR, the sentiment is Negative. The current price of 0.52 is above the 20-day moving average (MA) of 0.24, above the 50-day MA of 0.31, and above the 200-day MA of 0.33, indicating a bearish trend. The MACD of -0.03 indicates Negative momentum. The RSI at 33.59 is Neutral, neither overbought nor oversold. The STOCH value of 34.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
75 Outperform | AU$131.38M | 8.62 | 14.07% | 4.01% | 6.77% | 71.42% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | AU$119.35M | -8.64 | -20.31% | ― | ― | -323.13% | |
46 Neutral | AU$134.36M | -9.20 | -9.62% | ― | ― | 13.13% | |
44 Neutral | AU$162.94M | -25.71 | -7.26% | ― | ― | -66.98% | |
42 Neutral | AU$136.31M | -12.08 | -13.28% | ― | ― | ― | |
41 Neutral | AU$171.78M | -2.41 | -9.73% | ― | ― | -67.74% |
* Basic Materials Sector Average
AU:TOR
Torque Metals Ltd.
0.22
0.01
7.50%
AU:PGL
Pilbara Gold
0.51
0.15
41.67%
AU:RND
Rand Mining Limited
2.31
0.48
26.23%
AU:TSO
Tesoro Gold
0.91
0.45
95.70%
AU:TAM
Tanami Gold NL
0.06
<0.01
7.41%
AU:WWI
West Wits Mining Limited
0.40
0.20
98.49%
Torque Metals Ltd. Corporate Events
Torque Metals Accelerates Exploration Strategy for Project RPM
Jul 6, 2026
Torque Metals Ltd. has outlined an accelerated exploration and resource growth strategy for Project RPM, targeting a rapid path toward a 1.0Moz gold resource while emphasizing that this is an aspirational objective subject to exploration success. ...
Torque Metals boosts Paris gold resource, launches aggressive growth strategy
Jul 6, 2026
Torque Metals Ltd has reported a major upgrade to the mineral resource at its Paris Gold Project in Western Australia, confirming a global resource of 3.47 million tonnes at 3.1 grams per tonne gold for 351,000 ounces across the Paris, HHH and Obs...
Torque Metals Extends High-Grade Gold Footprint at Paris PL2 Zone
Jun 21, 2026
Torque Metals reported multiple high-grade gold assay results from ongoing infill and extensional drilling at the Paris Gold Deposit, notably within the Paris Lower 2 (PL2) zone, with several new intercepts sitting outside the current 2024 Mineral...
Torque Metals Issues New Shares and Confirms Regulatory Compliance
May 11, 2026
Torque Metals Limited has issued 11,111,112 new ordinary shares, as detailed in its latest filing with the ASX, expanding its share capital base. The company advised that the shares were issued without a prospectus under the relevant provisions of...
Torque Metals Seeks ASX Quotation for 11.1 Million New Shares
May 11, 2026
Torque Metals Ltd., an Australia-listed resources explorer, has moved to expand its equity base through a new issuance of ordinary fully paid shares on the ASX under ticker TOR. The company continues to rely on the public markets to support its gr...
Torque Metals Strengthens Governance with Appointment of New Company Secretary
May 10, 2026
Torque Metals Limited has appointed experienced chartered accountant Tejal Magan as Company Secretary, effective 11 May 2026, succeeding Oonagh Malone. Magan brings more than 15 years of experience in equity capital markets, debt raising, mergers ...
Torque Metals Issues New Shares and Lodges Cleansing Notice
May 8, 2026
Torque Metals Limited has issued 3,519,246 new ordinary shares, as detailed in an Appendix 2A lodged with the ASX, expanding its share capital base. The company states that these shares were issued without a prospectus under the Corporations Act p...
Torque Metals Options Expire, Simplifying Capital Structure
May 8, 2026
Torque Metals Ltd. has confirmed the expiry of a class of listed options, TORAO, which were exercisable at $0.25 and expired on 7 May 2026 without being converted into ordinary shares. A total of 1,418,161 options ceased to exist following this ex...
Torque Metals Seeks ASX Quotation for Additional Ordinary Shares
May 8, 2026
Torque Metals Ltd. has applied to the ASX for quotation of 3,519,246 ordinary fully paid shares under its existing ticker, TOR, with an issue date of May 8, 2026. The new quotation, arising from the exercise or conversion of existing options or ot...
Torque Metals Appoints New Director Simon Lawson With Significant Shareholding
May 5, 2026
Torque Metals Limited has announced the appointment of Simon Lawson as a director, effective 29 April 2026, as disclosed in an Initial Director’s Interest Notice to the ASX. Lawson holds 1,414,000 ordinary shares in the company, signaling a ...
Torque Metals Issues 1.33 Million New Shares Under Corporations Act Exemption
May 1, 2026
Torque Metals Limited has issued 1,325,560 new ordinary shares, as detailed in a filing with the Australian Securities Exchange, expanding its issued capital base. The company states that these shares were issued without a disclosure document unde...
Torque Metals Seeks ASX Quotation for 1.33 Million New Shares
May 1, 2026
Torque Metals Ltd has applied for the quotation of 1,325,560 new ordinary fully paid shares on the Australian Securities Exchange, with an issue date of 1 May 2026. The new shares arise from the exercise or conversion of existing options or other ...
Torque Metals Wins $287k WA Grants to Fast-Track Paris Gold Exploration
Apr 30, 2026
Torque Metals has secured two Western Australian Government Exploration Incentive Scheme grants totaling up to $287,530 to support exploration at its Paris Gold Project. The funding, split between co-funded geophysics and exploration drilling prog...
Torque Metals Director Cristian Moreno Steps Down but Retains Significant Stake
Apr 29, 2026
Torque Metals has announced that director Cristian Moreno has ceased to be a director of the company as of 29 April 2026. In his final director’s interest notice, the company disclosed that Moreno directly holds 198,593 fully paid ordinary s...
Torque Metals Wins Strong Shareholder Backing for Board and Equity Issuances
Apr 29, 2026
Torque Metals Ltd. is an Australia-based resources company listed on the ASX that focuses on the exploration and development of mineral assets. Operating out of Western Australia, the company targets precious and base metals projects, positioning ...
Torque Metals reshapes leadership as high-grade Paris drilling drives growth push
Apr 27, 2026
Torque Metals has initiated a major management transition, appointing the former Spartan Resources leadership team, including Simon Lawson as chairman-elect and Craig Jones as CEO and managing director-elect. The company ended the quarter with abo...
Torque Metals Issues New Shares and Confirms Regulatory Compliance
Apr 23, 2026
Torque Metals Limited has issued 745,543 new ordinary shares, formalising the transaction through an Appendix 2A lodged with the ASX and confirming the shares were issued without a disclosure document under the Corporations Act. The company advise...
Torque Metals Seeks ASX Quotation for Additional Ordinary Shares
Apr 23, 2026
Torque Metals Ltd., an Australian mining company listed on the ASX under the code TOR, continues to manage its capital structure through the issuance of ordinary fully paid shares. The company operates within the resources sector and uses the Aust...
Torque Metals Issues 6.9 Million New Shares Under Disclosure Exemption
Apr 16, 2026
Torque Metals Limited has issued 6,922,867 new ordinary shares, as detailed in an Appendix 2A lodged with the ASX, expanding its share capital base. The company advises that the shares were issued without a prospectus under the Corporations Act ex...
Torque Metals Seeks ASX Quotation for 6.9 Million New Shares
Apr 16, 2026
Torque Metals Ltd. has applied to the ASX for quotation of 6,922,867 new ordinary fully paid shares, to be issued on 16 April 2026. The additional securities, arising from the exercise or conversion of existing instruments, will expand the company...
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...
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.