Eon NRG Limited (AU:VSR)
ASX:VSR
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Eon NRG Limited
(Sydney:VSR)
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Rating:44Neutral
Price Target:
AU$0.04
▼(-31.67% Downside)
Action:ReiteratedDate:04/09/26
The score is held down primarily by weak financial performance (zero reported revenue, persistent operating losses, and consistently negative free cash flow), partially offset by a stronger, debt-free balance sheet and low P/E. Technicals add modest pressure as the stock is below key short/intermediate moving averages with negative MACD and neutral RSI.
Positive Factors
Debt-free balance sheet
Zero reported debt materially reduces solvency and refinancing risk for an exploration company. Over the next 2–6 months this gives flexibility to fund projects, absorb commodity or operational shocks, and pursue non-dilutive options, supporting long-term viability.
Negative Factors
Zero reported revenue
No reported revenue indicates absence of commercial sales or production, a foundational weakness for an E&P firm. Without operational revenue, the company relies on financing or one-offs, making sustainable operations and cash coverage of obligations unlikely in the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Zero reported debt materially reduces solvency and refinancing risk for an exploration company. Over the next 2–6 months this gives flexibility to fund projects, absorb commodity or operational shocks, and pursue non-dilutive options, supporting long-term viability.
Read all positive factors
Eon NRG Limited (VSR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$23.27M
Dividend YieldN/A
Average Volume (3M)1.04M
Price to Earnings (P/E)5.2
Beta (1Y)1.02
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
Employees11
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)<0.01
Shares Outstanding567,550,230
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 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,...
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% | |
57 Neutral | AU$21.65M | -14.94 | -6.54% | ― | 7.09% | -275.00% | |
53 Neutral | AU$19.43M | -34.00 | -6.83% | 16.82% | ― | -257.14% | |
45 Neutral | AU$18.07M | -5.83 | -1.81% | ― | ― | 89.19% | |
44 Neutral | AU$23.27M | 5.23 | -1.51% | ― | ― | ― | |
39 Underperform | AU$17.32M | -2.75 | -35.17% | ― | ― | ― |
* Energy Sector Average
AU:VSR
Eon NRG Limited
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192.86%
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Eon NRG Limited Corporate Events
Voltaic sharpens WA exploration targets and bolsters lithium footprint
Apr 23, 2026
Voltaic Strategic Resources used the March quarter to advance technical studies, refine targets and design exploration programs across its Western Australian tenements while deferring fieldwork. The company reviewed historical datasets, integrated...
Voltaic Strategic Resources Plans 2.5 Million-Share Placement on ASX
Apr 13, 2026
Voltaic Strategic Resources Ltd has notified the ASX of its intention to issue up to 2,500,000 ordinary fully paid shares in a placement or similar type of capital raising, with the proposed issue date set for 15 May 2026. The additional equity is...
Voltaic Expands Ti Tree Footprint With Strategic Yinnetharra Tenement Deal
Apr 13, 2026
Voltaic Strategic Resources has agreed to acquire Industrial Metals Pty Ltd, giving it 100% ownership of exploration licence E09/2833, a tenement immediately adjoining its Ti Tree Project and contiguous with Delta Lithium’s Yinnetharra groun...
Voltaic Extends Ti Tree Lithium JV and Advances Key Tenure Approvals
Apr 1, 2026
Voltaic Strategic Resources has extended its Ti Tree Earn-in and Joint Venture Agreement with Delta Lithium and Electrostate Malinda to September 2026, maintaining the existing terms. The JV covers granted tenure interpreted to host the same regio...
Voltaic Strategic Resources lodges updated ASX corporate governance disclosures
Mar 31, 2026
Voltaic Strategic Resources Limited has lodged its updated corporate governance statement for the year ended 31 December 2025, confirming that the document is current as of 31 March 2026 and has been approved by the board. The company has also sub...
Voltaic Strategic Resources Updates Corporate Governance Framework for 2025
Mar 31, 2026
Voltaic Strategic Resources has outlined its corporate governance framework for the year ended 31 December 2025, confirming broad alignment with the ASX Corporate Governance Council’s fourth edition principles while adjusting for its size an...
Voltaic Strategic Resources refreshes board and governance in 2025 annual report
Mar 31, 2026
Voltaic Strategic Resources Limited has released its annual report for the year ended 31 December 2025, outlining the composition of its board, governance team, and key corporate details. The company has undergone notable board changes during the ...
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...
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.