Widgie Nickel Limited (AU:WIN)
ASX:WIN
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Widgie Nickel Limited
(Sydney:WIN)
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Rating:42Neutral
Price Target:
AU$0.02
▼(-45.00% Downside)
Action:ReiteratedDate:04/09/26
The score is primarily constrained by weak financial performance (pre-revenue, worsening losses, and continued negative operating/free cash flow) and only partially offset by low balance-sheet leverage. Technicals are mixed with a negative MACD and the stock trading below key longer-term moving averages, while valuation is difficult to support due to losses (negative P/E) and no dividend yield.
Positive Factors
Low leverage / strong solvency profile
Very low debt keeps solvency risk muted and limits interest burdens, giving the company structural financial flexibility. This reduces near-term default risk and preserves capacity to raise project funding or partner transactions without heavy debt servicing costs.
Negative Factors
Pre-revenue with sharply widening losses
Zero operating revenue combined with a dramatic increase in reported losses indicates that the business has no operating cash generation and is consuming capital rapidly. Over months this erodes shareholder value and heightens dependency on external funding or asset sales to continue operations.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong solvency profile
Very low debt keeps solvency risk muted and limits interest burdens, giving the company structural financial flexibility. This reduces near-term default risk and preserves capacity to raise project funding or partner transactions without heavy debt servicing costs.
Read all positive factors
Widgie Nickel Limited (WIN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$20.58M
Dividend YieldN/A
Average Volume (3M)7.42M
Price to Earnings (P/E)―
Beta (1Y)2.04
Revenue GrowthN/A
EPS Growth93.90%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding857,377,400
10 Day Avg. Volume3,687,670
30 Day Avg. Volume7,419,247
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.57
Price to Sales (P/S)0.00
P/FCF Ratio-1.57
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
Widgie Nickel Limited Business Overview & Revenue Model
Company Description
Widgie Nickel Limited operates as a mineral exploration and development company in Australia. The company explores for nickel. It owns the Mt Edwards nickel project that's covers an area of 240 square kilometers located in Western Australia. The c...
How the Company Makes Money
Widgie Nickel Limited’s primary way of making money is through value creation and monetization of mineral assets rather than ongoing operating revenue from product sales. This typically occurs via (1) exploration and development work that increase...
Widgie Nickel Limited Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
55
Neutral
Cash Flow
22
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | -21.50K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -890.73K | -1.73M | -490.19K | -387.99K | -92.31K | 0.00 |
| EBITDA | -3.75M | -3.91M | -1.80M | -1.65M | -2.63M | -27.26K |
| Net Income | -3.27M | -33.77M | -2.30M | -2.06M | -2.04M | -27.26K |
Balance Sheet | ||||||
| Total Assets | 23.77M | 17.03M | 42.78M | 46.96M | 36.77M | 2.19M |
| Cash, Cash Equivalents and Short-Term Investments | 5.93M | 2.34M | 1.69M | 11.84M | 16.44M | 166.81K |
| Total Debt | 87.07K | 130.71K | 113.07K | 278.37K | 358.37K | 2.21M |
| Total Liabilities | 3.69M | 2.94M | 1.24M | 4.05M | 3.53M | 2.25M |
| Stockholders Equity | 20.08M | 14.09M | 41.54M | 42.91M | 33.24M | -60.80K |
Cash Flow | ||||||
| Free Cash Flow | -6.79M | -5.07M | -11.00M | -15.89M | -7.42M | -519.10K |
| Operating Cash Flow | -5.24M | -3.90M | -10.62M | -14.74M | -6.76M | -27.26K |
| Investing Cash Flow | 1.01M | 940.55K | -102.07K | -955.93K | -616.14K | -491.83K |
| Financing Cash Flow | 7.27M | 3.61M | 572.52K | 11.29M | 23.81M | 597.39K |
Widgie Nickel Limited Technical Analysis
Negative
0.04
Price Trends
0.03
Negative
0.03
Negative
0.03
Negative
Market Momentum
>-0.01
Positive
42.65
Neutral
-80.00
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WIN, the sentiment is Negative. The current price of 0.04 is above the 20-day moving average (MA) of 0.02, above the 50-day MA of 0.03, and above the 200-day MA of 0.03, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 42.65 is Neutral, neither overbought nor oversold. The STOCH value of -80.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:WIN.
Widgie Nickel Limited 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% | |
49 Neutral | AU$33.51M | -9.14 | -2.36% | ― | ― | 10.09% | |
45 Neutral | AU$20.60M | -2.31 | -137.88% | ― | ― | -43.48% | |
44 Neutral | AU$12.46M | -2.58 | -11.39% | ― | -11.18% | 25.19% | |
42 Neutral | AU$20.58M | -2.74 | -19.15% | ― | ― | 93.90% | |
41 Neutral | AU$14.61M | -6.14 | -13.47% | ― | ― | 33.33% |
* Basic Materials Sector Average
AU:WIN
Widgie Nickel Limited
0.02
<0.01
4.35%
AU:AZI
Altamin Limited
0.03
<0.01
23.81%
AU:AKO
Akora Resources Ltd.
0.08
-0.03
-28.81%
AU:NC1
NICO Resources Limited
0.25
0.17
245.07%
AU:MGL
Magontec Limited
0.22
>-0.01
-2.27%
Widgie Nickel Limited Corporate Events
WIN Metals boosts Radio Gold resource and expands Southern Cross gold hub
Apr 30, 2026
WIN Metals has reported a 46% increase in the Mineral Resource at its Radio Gold Project in Western Australia to 41,000 ounces of gold at 3.70 grams per tonne, with around half of the resource now classified as Indicated. This upgrade, underpinned...
WIN Metals Reaffirms Resource Base and Near‑Term Gold Focus in AMEC Briefing
Mar 31, 2026
WIN Metals Limited used an AMEC investor briefing dated 31 March 2026 to outline its project portfolio and reiterate previously disclosed exploration results and resource estimates across its gold, nickel and lithium assets. The presentation empha...
Win Metals Plans Issue of 1.5 Million New Shares on ASX
Mar 31, 2026
Win Metals Ltd has announced a proposed issue of up to 1.5 million fully paid ordinary shares as part of a placement or other type of capital raising. The new securities, to be listed under the existing ASX code WIN, are scheduled for issue on 23 ...
WIN Metals boosts Radio Gold Project with high-grade gold acquisitions
Mar 31, 2026
WIN Metals has moved to expand its Radio Gold Project in Western Australia by acquiring the fully permitted Princess Royal gold mine and securing an exclusive option over the nearby Stumpy Doodle gold mine. Both operations sit on granted mining le...
WIN Metals Accelerates Gold Strategy with Radio Acquisition and Butchers Creek Progress
Mar 13, 2026
WIN Metals Ltd has intensified its focus on gold exploration, completing the acquisition of the Radio Gold Project in September 2025 on favourable terms, aiming to restart production by leveraging existing mine infrastructure and a partially built...
WIN Metals Director Increases Stake Through Capital Raising
Feb 9, 2026
WIN Metals Ltd has disclosed a change in director Andrew James Parker’s interests following his participation in the company’s December 2025 capital placement. Parker acquired 285,714 fully paid ordinary shares at $0.035 per share and ...
Win Metals Seeks ASX Quotation for 78.7 Million New Options
Feb 3, 2026
Win Metals Ltd has lodged an application with the ASX for quotation of 78,714,253 new listed options, exercisable at $0.07 per share and expiring two years from their issue date of 3 February 2026. The options, issued on a one-for-two free attachi...
Win Metals Seeks ASX Quotation for Additional Ordinary Shares
Feb 3, 2026
Win Metals Ltd, listed on the ASX under the code WIN, has applied for quotation of an additional 285,714 fully paid ordinary shares. The company lodged a new Appendix 2A with the ASX on 3 February 2026, confirming that these securities were issued...
Win Metals Launches Options Offer Linked to Recent Placement
Feb 2, 2026
Win Metals Ltd has released a transaction-specific options prospectus dated 2 February 2026 for an offer of up to 78,571,429 new options to participants in a recent placement and a further 142,857 new options to director Andrew Parker or his nomin...
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.