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Eon NRG Limited
(Sydney:VSR)
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Rating:46Neutral
Price Target:
AU$0.03
▲(25.00% Upside)
Action:Reiterated
Date:06/26/26
The score is held down primarily by weak financial performance—zero reported revenue, persistent operating losses, and consistently negative free cash flow—despite improved capitalization and no recent debt. Technicals also point to a bearish trend with the price below key moving averages and negative MACD. A relatively low P/E provides some valuation support but is not enough to offset the fundamental and trend-related risks.
Positive Factors
Debt-free balance sheet
A zero-debt position materially reduces solvency and interest burden risk, giving management structural flexibility to fund exploration or restructure without near-term creditor pressure. This durable financing posture supports execution over the next several quarters.
Negative Factors
Zero reported revenue
Generating no operating revenue indicates the company is not monetizing production or services, implying reliance on non-operating gains or financing. Without durable revenue, core business viability and the ability to fund operations internally remain structurally impaired.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A zero-debt position materially reduces solvency and interest burden risk, giving management structural flexibility to fund exploration or restructure without near-term creditor pressure. This durable financing posture supports execution over the next several quarters.
Read all positive factors
Eon NRG Limited (VSR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$14.25M
Dividend YieldN/A
Average Volume (3M)1.04M
Price to Earnings (P/E)8.4
Beta (1Y)0.94
Revenue GrowthN/A
EPS Growth3000.00%
CountryAU
Employees11
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)<0.01
Shares Outstanding570,050,230
10 Day Avg. Volume644,849
30 Day Avg. Volume1,044,644
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)2.70
Price to Sales (P/S)0.00
P/FCF Ratio-77.62
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
Eon NRG Limited Business Overview & Revenue Model
Company Description
Voltaic Strategic Resources Limited, a mineral exploration company originally incorporated in 2009 as Eon NRG Limited and headquartered in West Perth, Australia, conducts operations across Nevada, USA, and Western Australia. In Nevada, the company...
How the Company Makes Money
null...
Eon NRG Limited Financial Statement Overview
Summary
Income Statement
36
Negative
Balance Sheet
68
Positive
Cash Flow
33
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -56.18K | -58.63K | -31.84K | -973.00 | 0.00 |
| EBITDA | -1.01M | 134.28K | -1.71M | -2.09M | -412.61K |
| Net Income | 1.78M | 75.66K | -1.74M | -2.10M | -434.68K |
Balance Sheet | |||||
| Total Assets | 12.61M | 11.17M | 10.73M | 5.38M | 174.60K |
| Cash, Cash Equivalents and Short-Term Investments | 1.85M | 5.59M | 6.02M | 3.13M | 1.54K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 39.19K |
| Total Liabilities | 147.40K | 205.69K | 206.60K | 237.45K | 650.13K |
| Stockholders Equity | 12.46M | 10.96M | 10.53M | 5.14M | -475.52K |
Cash Flow | |||||
| Free Cash Flow | -433.84K | -326.43K | -3.82M | -2.28M | -52.55K |
| Operating Cash Flow | -405.39K | 461.68K | -1.33M | -1.78M | -43.50K |
| Investing Cash Flow | -3.19M | -1.04M | -2.53M | 118.14K | -9.05K |
| Financing Cash Flow | 0.00 | 0.00 | 6.74M | 4.79M | 38.05K |
Eon NRG Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
56 Neutral | AU$17.62M | -15.74 | -6.54% | ― | 27.55% | -60.00% | |
52 Neutral | AU$26.99M | -138.89 | -6.83% | 16.82% | ― | 55.00% | |
46 Neutral | AU$14.25M | 8.39 | 14.97% | ― | ― | 3000.00% | |
44 Neutral | AU$9.04M | -30.00 | -1.81% | ― | ― | 12.50% | |
43 Neutral | AU$14.95M | -1.64 | -35.17% | ― | ― | 64.71% |
* Energy Sector Average
AU:VSR
Eon NRG Limited
0.03
<0.01
19.05%
AU:CND
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-21.74%
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60.00%
Eon NRG Limited Corporate Events
Voltaic Strategic Resources Tightens WA Portfolio and Prepares for Active Exploration Push
Jul 30, 2026
Voltaic Strategic Resources used the June quarter to optimise its Western Australian exploration portfolio, consolidating ownership of the Meekatharra Gold Project and key Bundie Bore licences while strengthening its position in the Yinnetharra di...
Voltaic Issues Shares to Secure Bundie Bore Stake and Confirms Compliance
Jul 14, 2026
Voltaic Strategic Resources Limited has issued 2,967,359 new shares at $0.0337 per share to complete the acquisition of a 20% interest in the Bundie Bore tenements, further consolidating its position in strategic mineral exploration. The company h...
Voltaic Strategic Resources to Issue New Shares in ASX Placement
Jul 12, 2026
Voltaic Strategic Resources plans to issue up to 2,967,359 ordinary fully paid shares on the ASX as part of a proposed placement or similar capital raising. The new securities, expected to be issued on 14 July 2026, will expand the company’s...
Voltaic Secures Full Control of Bundie Bore Tenure in Meekatharra Gold Belt
Jul 12, 2026
Voltaic Strategic Resources has secured full ownership of the Bundie Bore tenure within the Burnakura Gold Corridor by acquiring the remaining 20% interest in key exploration and prospecting licences from Dynamic Metals through a $100,000 scrip de...
Voltaic Strategic Resources director options lapse on expiry
Jul 1, 2026
Voltaic Strategic Resources has reported a change in the indirect shareholdings of director Michael Walshe, held through Satinka Consulting Pty Ltd. The filing details that his 250,000 listed options in the company have lapsed on expiry, leaving h...
Voltaic Strategic Resources Director Options Expire, Simplifying Equity Holdings
Jul 1, 2026
Voltaic Strategic Resources has reported a change in director Daniel Raihani’s indirect interests following the expiry of a large tranche of listed options. Through his associated entity 7 Enterprises Pty Ltd, Raihani’s holding of 33,0...
Voltaic Regains Full Control of Ti Tree Lithium Project in Yinnetharra
Jun 17, 2026
Voltaic Strategic Resources has regained full ownership and control of its Ti Tree lithium project after mutually terminating an earn-in and joint venture agreement with Delta Lithium, restoring 100% of the Yinnetharra lithium portfolio to the com...
Voltaic Strategic Resources Sets June 2026 Expiry for Listed Options
Jun 2, 2026
Voltaic Strategic Resources has notified holders of its listed options (ASX: VSRO) that these securities, exercisable at $0.08 each, will expire at 5:00pm AEST on 30 June 2026. Official quotation of the options will cease at the close of ASX tradi...
Voltaic Strategic Resources Wins Shareholder Backing for Board, Acquisition and Capital Flexibility
May 29, 2026
Voltaic Strategic Resources Limited reported the results of its 2026 Annual General Meeting, confirming that all resolutions put to shareholders were passed by poll. Shareholders endorsed the remuneration report and re-elected directors Michael Wa...
Voltaic Director Daniel Raihani Lifts Indirect Shareholding
May 13, 2026
Voltaic Strategic Resources has disclosed a change in director Daniel Raihani’s indirect interest in the company’s securities. Through 7 Enterprises Pty Ltd, Raihani increased his holding by acquiring 6,032,612 ordinary shares at $0.03...
Voltaic Director Boosts Indirect Stake with On- and Off-Market Share Buys
May 11, 2026
Voltaic Strategic Resources has reported a change in the indirect shareholding of director Daniel Raihani, as disclosed in a notice to the ASX. The update reflects adjustments in his interests held through 7 Enterprises Pty Ltd and clarifies his r...
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.