Eon NRG Limited (AU:VSR)
ASX:VSR
Top Page
Eon NRG Limited
(Sydney:VSR)
Select Model
Select Model
Rating:52Neutral
Price Target:
AU$0.06
â–˛(3.33% Upside)
Action:ReiteratedDate:02/04/26
The score is driven mainly by weak underlying financial performance (zero reported revenue, negative gross profit and operating losses, and negative free cash flow) despite a strengthened balance sheet and improved 2024 net income/operating cash flow. Technicals are supportive with an established uptrend and positive momentum indicators, but valuation is not supported by a meaningful P/E and there is no dividend yield data.
Positive Factors
Debt-free balance sheet and rebuilt equity
A debt-free balance sheet with rebuilt equity provides durable financial flexibility, lowering refinancing and interest risks. This stronger capital base supports funding of exploration or capex, improves resilience through commodity cycles, and enables strategic optionality over months.
Negative Factors
No reported revenue and negative gross profit
Zero reported revenue and persistent negative gross profit point to a structurally weak operating model or non‑core asset status. Without identifiable recurring sales, sustainable earnings and cash generation remain uncertain, limiting long-term viability without strategic change.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet and rebuilt equity
A debt-free balance sheet with rebuilt equity provides durable financial flexibility, lowering refinancing and interest risks. This stronger capital base supports funding of exploration or capex, improves resilience through commodity cycles, and enables strategic optionality over months.
Read all positive factors
Eon NRG Limited (VSR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$20.43M
Dividend YieldN/A
Average Volume (3M)1.04M
Price to Earnings (P/E)6.6
Beta (1Y)1.21
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
Employees11
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)0.00
Shares Outstanding567,550,230
10 Day Avg. Volume644,849
30 Day Avg. Volume1,044,644
Financial Highlights & Ratios
PEG Ratio-1.02
Price to Book (P/B)0.72
Price to Sales (P/S)0.00
P/FCF Ratio-24.30
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 explores for minerals in Nevada, the United States. The company holds 100% interests in the Paddys Well Project comprising one exploration licence and five exploration licence applications covering an area of 1,...
How the Company Makes Money
null...
Eon NRG Limited Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
66
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -29.13K | -58.63K | -31.84K | -973.00 | 0.00 | -8.63K |
| EBITDA | 162.88K | 134.28K | -1.71M | -2.09M | -412.61K | -309.62K |
| Net Income | 234.85K | 75.66K | -1.74M | -2.10M | -434.68K | 943.07K |
Balance Sheet | ||||||
| Total Assets | 11.49M | 11.17M | 10.73M | 5.38M | 174.60K | 122.97K |
| Cash, Cash Equivalents and Short-Term Investments | 2.21M | 5.59M | 6.02M | 3.13M | 1.54K | 15.69K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 39.19K | 0.00 |
| Total Liabilities | 170.74K | 205.69K | 206.60K | 237.45K | 650.13K | 53.75K |
| Stockholders Equity | 11.32M | 10.96M | 10.53M | 5.14M | -475.52K | 69.22K |
Cash Flow | ||||||
| Free Cash Flow | -228.90K | -326.43K | -3.82M | -2.28M | -52.55K | -2.28M |
| Operating Cash Flow | -189.29K | 461.68K | -1.33M | -1.78M | -43.50K | -2.26M |
| Investing Cash Flow | -3.04M | -1.04M | -2.53M | 118.14K | -9.05K | -868.28K |
| Financing Cash Flow | 0.00 | 0.00 | 6.74M | 4.79M | 38.05K | 314.03K |
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$23.12M | -8.19 | -3.32% | ― | 7.09% | -275.00% | |
52 Neutral | AU$20.43M | 6.65 | -1.51% | ― | ― | ― | |
49 Neutral | AU$25.07M | -1.64 | -35.17% | ― | ― | ― | |
49 Neutral | AU$18.89M | -34.00 | -6.83% | 16.82% | ― | -257.14% | |
45 Neutral | AU$15.06M | -5.83 | -1.81% | ― | ― | 89.19% |
* Energy Sector Average
AU:VSR
Eon NRG Limited
0.04
0.02
200.00%
AU:CND
Global Oil & Gas
0.02
>-0.01
-8.33%
AU:BRU
Buru Energy
0.03
-0.01
-30.56%
AU:FZR
Fitzroy River Corp. Ltd.
0.18
0.05
38.89%
AU:BLU
Blue Energy Limited
0.01
0.00
0.00%
AU:BAS
Bass Oil Ltd
0.06
0.01
26.00%
Eon NRG Limited Corporate Events
Voltaic Director Daniel Raihani Increases Indirect Shareholding via On-Market Purchase
Feb 3, 2026
Voltaic Strategic Resources director Daniel Raihani, through his indirect holding vehicle 7 Enterprises Pty Ltd, has increased his stake in the company via an on‑market purchase of 6.5 million ordinary shares between 30 January and 3 Februar...
Voltaic Advances Gold and Critical Minerals Targets on Strong Cash Base
Jan 29, 2026
Voltaic Strategic Resources reported that in the December 2025 quarter it advanced target definition across its core projects in Western Australia while maintaining a strong funding position. At the Meekatharra Gold Project’s Bundie Bore are...
Voltaic Strategic Resources Grants Performance Rights to Director Under LTIP
Jan 23, 2026
Voltaic Strategic Resources has disclosed a change in director Richie Yang’s interests, with Yang’s indirect holding now including 6 million performance rights (across Classes 3A, 3B and 3C) in addition to 3.05 million ordinary shares ...
Voltaic Strategic Resources Restructures Director’s Performance Rights Under LTIP
Jan 23, 2026
Voltaic Strategic Resources Ltd has adjusted the equity-based incentives held indirectly by director Michael Walshe through Satinka Consulting Pty Ltd, without changing his ordinary shareholding in the company. The move forms part of the company&#...
Voltaic Strategic Resources Grants Performance Rights to Director Under LTIP
Jan 23, 2026
Voltaic Strategic Resources Ltd has updated the market on a change in director Daniel Raihani’s interests, following the allotment of new performance-based securities under the company’s long-term incentive plan. Through his indirect h...
Voltaic Strategic Resources Cuts 20 Million Performance Rights, Trimming Future Dilution
Jan 23, 2026
Voltaic Strategic Resources has announced the cessation of a total of 20.25 million performance rights, comprising 10.5 million rights that lapsed after vesting conditions were not, or could no longer be, satisfied, and 9.75 million rights cancell...
Voltaic Strategic Resources Grants 36 Million Unquoted Performance Rights Under Incentive Plan
Jan 23, 2026
Voltaic Strategic Resources Ltd has issued 36 million unquoted performance rights under an employee incentive scheme, with the securities created on 22 January 2026 and not intended to be quoted on the ASX. The move strengthens the company’s...
Voltaic Strategic Resources Wins Shareholder Backing for Executive Performance Rights at EGM
Jan 19, 2026
Voltaic Strategic Resources Limited has reported the results of its Extraordinary General Meeting held on 19 January 2026, where shareholders approved a suite of resolutions relating to equity-based incentives for directors and the company secreta...
Voltaic Strategic Resources Director Increases Indirect Shareholding
Jan 6, 2026
Voltaic Strategic Resources has disclosed a change in director Michael Walshe’s indirect interest, with his associated entity Satinka Consulting Pty Ltd acquiring 560,615 additional ordinary shares via an on‑market purchase at $0.056 p...
Voltaic Strategic Resources Director Increases Indirect Shareholding
Jan 6, 2026
Voltaic Strategic Resources Ltd, an ASX-listed company, has disclosed a change in the relevant interests of one of its directors, Daniel Raihani, in accordance with market disclosure requirements. The company reported that Raihani, through indirec...
Voltaic Director Increases Indirect Shareholding via On‑Market Purchase
Dec 24, 2025
Voltaic Strategic Resources Ltd has disclosed a change in director Daniel Raihani’s indirect holdings, lodged under ASX listing rule requirements. Through 7 Enterprises Pty Ltd, Raihani acquired 3 million ordinary shares in the company via o...
Voltaic Strategic Resources Director Increases Indirect Shareholding
Dec 22, 2025
Voltaic Strategic Resources Ltd has disclosed a change in director Daniel Raihani’s indirect interest in the company’s securities, reporting the on-market purchase of 1.5 million ordinary shares on 22 December 2025 via 7 Enterprises Pt...
Voltaic Strategic Resources Director Increases Indirect Share and Option Holdings
Dec 18, 2025
Voltaic Strategic Resources Ltd has disclosed a change in the indirect holdings of director Daniel Raihani, who holds his interest through 7 Enterprises Pty Ltd. On 18 December 2025, Raihani acquired 1,000,000 ordinary shares and 1,500,001 listed ...
Voltaic Strategic Resources Ltd Director Increases Holdings
Dec 18, 2025
Voltaic Strategic Resources Ltd announced a change in the interests of one of its directors, Daniel Raihani, involving the acquisition of additional ordinary shares and listed options. These transactions increase Mr. Raihani’s holdings, refl...
Voltaic Strategic Resources Announces Extraordinary General Meeting
Dec 17, 2025
Voltaic Strategic Resources Limited has announced an Extraordinary General Meeting (EGM) to be held on January 19, 2026, at their West Perth location. The company has opted for a physical meeting and will not send printed notices unless specifical...
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.