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E2 Metals Ltd.
(Sydney:USL)
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Rating:44Neutral
Price Target:
AU$0.69
▲(4.39% Upside)
Action:Reiterated
Date:05/29/26
The score is primarily held down by weak financial performance—deepening losses and accelerating cash burn—despite a low-debt balance sheet. Technicals also detract as the stock trades below major moving averages with weak momentum. Valuation offers limited support due to negative earnings and no dividend signal.
Positive Factors
Very low leverage / minimal debt
A near-zero debt profile materially reduces solvency and rollover risk over the medium term. That balance sheet flexibility gives management time and optionality to fund operations or raise capital on better terms, supporting survival while addressing operational weaknesses.
Negative Factors
Widening net losses
A large, accelerating net loss erodes equity and signals the core business is not yet sustainable. Persistent heavy losses limit reinvestment, increase reliance on external funding, and raise dilution risk, constraining long-term shareholder value creation absent structural change.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage / minimal debt
A near-zero debt profile materially reduces solvency and rollover risk over the medium term. That balance sheet flexibility gives management time and optionality to fund operations or raise capital on better terms, supporting survival while addressing operational weaknesses.
Read all positive factors
E2 Metals Ltd. (USL) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$522.71M
Dividend YieldN/A
Average Volume (3M)3.81M
Price to Earnings (P/E)―
Beta (1Y)2.61
Revenue GrowthN/A
EPS Growth-32.31%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustrySilver
Share Statistics
EPS (TTM)-0.05
Shares Outstanding641,365,000
10 Day Avg. Volume3,993,234
30 Day Avg. Volume3,811,675
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)7.90
Price to Sales (P/S)30.96
P/FCF Ratio-4.89
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$1.70Price Target Upside157.58% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.01
Revenue Forecast (FY)N/A
E2 Metals Ltd. Business Overview & Revenue Model
Company Description
Unico Silver Limited primarily focuses on the exploration and evaluation of mineral resources, particularly gold, silver, and copper deposits, across both Australia and Argentina. A significant asset for the company is the Santa Cruz project, a va...
How the Company Makes Money
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E2 Metals Ltd. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.75M | 2.75M | 950.76K | 61.47K | 0.00 | 0.00 |
| Gross Profit | 2.75M | 2.75M | -83.64K | 1.06K | -69.57K | -17.97K |
| EBITDA | -17.18M | -23.75M | -2.95M | -17.69M | -10.11M | -6.16M |
| Net Income | -19.38M | -24.00M | -2.83M | -17.69M | -8.93M | -5.20M |
Balance Sheet | ||||||
| Total Assets | 150.41M | 15.02M | 6.72M | 10.45M | 11.18M | 12.37M |
| Cash, Cash Equivalents and Short-Term Investments | 66.73M | 12.50M | 5.05M | 8.53M | 10.68M | 11.04M |
| Total Debt | 0.00 | 0.00 | 0.00 | 171.23K | 205.19K | 0.00 |
| Total Liabilities | 2.12M | 4.26M | 2.66M | 3.78M | 633.97K | 186.28K |
| Stockholders Equity | 148.29M | 10.76M | 4.06M | 10.04M | 13.66M | 13.86M |
Cash Flow | ||||||
| Free Cash Flow | -29.72M | -17.38M | -2.58M | -2.41M | -13.63M | -10.53M |
| Operating Cash Flow | -15.22M | -17.29M | -2.58M | -5.07M | -13.63M | -10.39M |
| Investing Cash Flow | -15.31M | -3.71M | -867.05K | -2.66M | 5.28M | 3.52M |
| Financing Cash Flow | 71.91M | 28.44M | -30.50K | 5.61M | 7.94M | 14.52M |
E2 Metals Ltd. Technical Analysis
Positive
0.66
Price Trends
0.67
Positive
0.66
Positive
0.72
Positive
Market Momentum
0.05
Negative
64.23
Neutral
64.50
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:USL, the sentiment is Positive. The current price of 0.66 is below the 20-day moving average (MA) of 0.74, below the 50-day MA of 0.67, and below the 200-day MA of 0.72, indicating a bullish trend. The MACD of 0.05 indicates Negative momentum. The RSI at 64.23 is Neutral, neither overbought nor oversold. The STOCH value of 64.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:USL.
E2 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% | |
56 Neutral | AU$418.15M | -70.45 | -4.78% | ― | ― | 19.27% | |
51 Neutral | AU$213.45M | -27.31 | -19.05% | ― | ― | -155.62% | |
46 Neutral | AU$332.91M | -152.00 | -1.97% | ― | 104.04% | 25.00% | |
44 Neutral | AU$522.71M | -14.80 | -24.37% | ― | ― | -32.31% | |
44 Neutral | AU$532.31M | -294.44 | -1.01% | ― | ― | 68.42% | |
40 Underperform | AU$418.58M | -7.91 | -50.73% | ― | ― | -79.69% |
* Basic Materials Sector Average
AU:USL
E2 Metals Ltd.
0.77
0.38
97.44%
AU:SVL
Silver Mines Limited
0.15
0.03
30.43%
AU:SGQ
St. George Mining Ltd.
0.09
0.05
134.21%
AU:AZY
Antipa Minerals Limited
0.62
0.04
6.03%
AU:SMI
Santana Minerals Ltd.
0.53
-0.07
-12.40%
AU:SS1
Sun Silver Ltd.
1.15
0.33
40.24%
E2 Metals Ltd. Corporate Events
Unico Silver Director Reshapes Stake Through Option Exercise and Share Sale
Aug 3, 2026
Unico Silver director Jose Bordogna has adjusted his holdings, exercising 1,000,000 unlisted options at A$0.27 each to acquire fully paid ordinary shares and then selling 500,000 of those shares on-market. Following the transactions, he retains 50...
Unico Silver Builds Tier-One Ambitions With Expanding Argentine Silver Resources
Jul 23, 2026
Unico Silver Ltd., listed on the ASX under ticker USL, is a silver-focused mining and exploration company aiming to become a tier-one silver development player. Its portfolio includes the Joaquin, La Negra, Cerro Leon and La Morocha silver project...
Unico Silver Issues Shares for La Mata Acquisition Under Cleansing Notice
Jul 9, 2026
Unico Silver Limited has issued 5,903,717 fully paid ordinary shares as partial non-cash consideration for the La Mata acquisition, following an agreement announced on 9 July 2026. The shares were issued without a prospectus under the Corporations...
Unico Silver Seeks ASX Quotation for 5.9 Million New Shares
Jul 9, 2026
Unico Silver Limited has applied for quotation on the ASX of 5,903,717 ordinary fully paid shares, issued on July 9, 2026, under its existing ticker USL. The additional securities arise from previously announced transactions, modestly expanding th...
Unico Silver Plans Equity Placement of Nearly 6 Million Shares
Jul 8, 2026
Unico Silver Limited has lodged an Appendix 3B with the ASX outlining a proposed placement of up to 5,903,717 new ordinary fully paid shares. The company has set 9 July 2026 as the proposed issue date, signalling its intention to raise additional ...
Unico Silver Secures Strategic Land to De-Risk Joaquin Project
Jul 8, 2026
Unico Silver has signed a binding agreement to acquire 100% of the La Mata estancia in Argentina, securing about 10,172 hectares of freehold land that host the La Morocha and La Negra mineral resources, exploration targets and preferred sites for ...
Unico Silver Drilling Delivers High-Grade Joaquin Results Beyond Current Resource
Jun 21, 2026
Unico Silver has reported further strong assay results from 46 drill holes at its Joaquin Project in Argentina, highlighting high-grade gold-silver intercepts at the La Morocha SE, Breccia Puntudo and La Negra SE prospects. The results extend mine...
Unico Silver Upgrades to OTCQX to Bolster North American Investor Reach
Jun 2, 2026
Unico Silver Limited has upgraded its U.S. trading status, with its ordinary shares now quoted on the OTCQX Best Market under the ticker USLRF, while maintaining its primary listing on the ASX. The move does not involve issuing new shares and leav...
Unico Silver Seeks ASX Quotation for 400,000 New Shares
May 24, 2026
Unico Silver Limited has applied for quotation on the ASX of 400,000 new ordinary fully paid shares, which were issued on 22 May 2026. The application, lodged on 25 May 2026 under Appendix 2A of the ASX Listing Rules, indicates an expansion of the...
Unico Silver Extends High-Grade Joaquin Resource With Strong Drill Results
May 7, 2026
Unico Silver has reported strong assay results from 75 additional drill holes totalling 9,563 metres at its Joaquin Project in Argentina, extending gold-silver mineralisation beyond the March 2026 mineral resource estimate. The latest program, whi...
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.