Blencowe Resources Plc (GB:BRES)
LSE:BRES
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Blencowe Resources Plc
(LSE:BRES)
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Rating:43Neutral
Price Target:
7.00 p
▼(-15.15% Downside)
Action:ReiteratedDate:03/20/26
The score is primarily constrained by weak financial performance (no revenue, ongoing losses, and negative operating/free cash flow that worsened in 2025). Technicals also lean bearish/weak with the share price below key short-term averages and subdued momentum indicators. Valuation is difficult to support using earnings due to the negative P/E, offering limited offset.
Positive Factors
Low Leverage / Solvency
The company’s low debt relative to equity and low historical debt-to-equity ratios provide structural solvency. That balance-sheet conservatism preserves financial flexibility for project development and reduces bankruptcy risk while the business remains pre-revenue.
Negative Factors
Pre-revenue Profile
Being pre-revenue with recurring operating and net losses means the business lacks internal cash generation and must rely on external funding to advance projects. This structural revenue absence extends the timeline to self-sustaining operations and raises execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage / Solvency
The company’s low debt relative to equity and low historical debt-to-equity ratios provide structural solvency. That balance-sheet conservatism preserves financial flexibility for project development and reduces bankruptcy risk while the business remains pre-revenue.
Read all positive factors
Blencowe Resources Plc (BRES) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£41.73M
Dividend YieldN/A
Average Volume (3M)4.72M
Price to Earnings (P/E)―
Beta (1Y)0.75
Revenue GrowthN/A
EPS Growth76.92%
CountryUK
Employees3
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding485,257,350
10 Day Avg. Volume5,382,908
30 Day Avg. Volume4,722,628
Financial Highlights & Ratios
PEG Ratio-0.55
Price to Book (P/B)1.69
Price to Sales (P/S)0.00
P/FCF Ratio-9.35
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
Blencowe Resources Plc Business Overview & Revenue Model
Company Description
Blencowe Resources Plc acquires, develops, and explores for mineral properties. It holds a 100% interest in the Orom-Cross Graphite project covering an area of approximately 520,000 hectares located in Northern Uganda. The company was formerly kno...
How the Company Makes Money
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Blencowe Resources Plc Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
18
Very Negative
| Breakdown | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -1.54M | -916.66K | 0.00 | -686.00K | -649.00K |
| Net Income | -1.58M | -962.00K | -1.40M | -1.08M | -695.00K |
Balance Sheet | |||||
| Total Assets | 11.74M | 7.74M | 7.77M | 7.05M | 5.44M |
| Cash, Cash Equivalents and Short-Term Investments | 868.28K | 114.69K | 129.85K | 346.99K | 93.29K |
| Total Debt | 1.00M | 929.14K | 818.91K | 823.85K | 887.56K |
| Total Liabilities | 1.50M | 1.95M | 1.90M | 1.15M | 1.17M |
| Stockholders Equity | 10.24M | 5.79M | 5.87M | 5.90M | 4.27M |
Cash Flow | |||||
| Free Cash Flow | -1.85M | -3.59M | -1.53M | -2.19M | -1.45M |
| Operating Cash Flow | -1.85M | -741.11K | -817.11K | -767.22K | -476.10K |
| Investing Cash Flow | -1.41M | -59.04K | -713.85K | -1.42M | -976.08K |
| Financing Cash Flow | 4.02M | 784.99K | 1.31M | 2.44M | 1.34M |
Blencowe Resources Plc Technical Analysis
Positive
8.25
Price Trends
8.85
Negative
8.20
Positive
6.69
Positive
Market Momentum
-0.37
Negative
51.73
Neutral
70.93
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:BRES, the sentiment is Positive. The current price of 8.25 is below the 20-day moving average (MA) of 8.39, below the 50-day MA of 8.85, and above the 200-day MA of 6.69, indicating a neutral trend. The MACD of -0.37 indicates Negative momentum. The RSI at 51.73 is Neutral, neither overbought nor oversold. The STOCH value of 70.93 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:BRES.
Blencowe Resources Plc 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% | |
43 Neutral | £41.73M | -10.93 | -17.12% | ― | ― | 76.92% | |
| ― | £15.81M | ― | ― | ― | ― | ― | |
50 Neutral | £16.85M | -1.11 | -43.43% | ― | ― | ― | |
43 Neutral | £31.46M | -9.13 | >-0.01% | ― | ― | -19.57% | |
41 Neutral | £61.51M | 13.30 | -76.15% | ― | ― | -0.59% |
* Basic Materials Sector Average
GB:BRES
Blencowe Resources Plc
8.20
4.65
130.99%
GB:POW
Power Metal Resources Plc
13.75
1.63
13.40%
GB:ZNWD
Zinnwald Lithium Plc
5.80
-0.55
-8.66%
GB:CRTM
Critical Metals Plc
8.00
-1.75
-17.95%
GB:BHL
Bradda Head Lithium Limited
1.30
0.25
23.81%
GB:CTL
CleanTech Lithium PLC
7.50
-1.75
-18.92%
Blencowe Resources Plc Corporate Events
Business Operations and Strategy
Blencowe’s Beehive drilling boosts Orom-Cross graphite growth prospects
Positive
Mar 17, 2026
Blencowe Resources has reported strong initial assay results from shallow drilling at the Beehive deposit, part of its Orom-Cross graphite project in Uganda, with multiple near-surface intercepts of over 30 metres and grades up to 10.78% total gra...
Private Placements and FinancingRegulatory Filings and Compliance
Blencowe Chairman Exercises Options as Share Capital Rises to 485.3 Million
Positive
Mar 13, 2026
Blencowe Resources said Executive Chairman Cameron Pearce has exercised 500,000 share options at an exercise price of 6p, generating proceeds of about £30,000 for the company and increasing his total holding to 16,516,667 ordinary shares. The...
Business Operations and Strategy
Blencowe lifts Orom-Cross graphite resources 66% with maiden Iyan estimate
Positive
Mar 6, 2026
Blencowe Resources has announced a maiden JORC 2012 mineral resource estimate for the newly discovered Iyan deposit at its Orom-Cross Graphite Project in Uganda, outlining 16.9 million tonnes at 6.0% total graphitic carbon in the Inferred category...
Business Operations and StrategyShareholder Meetings
Blencowe Resources Secures Full Shareholder Backing at 2026 AGM
Positive
Feb 26, 2026
Blencowe Resources Plc announced that all resolutions proposed at its Annual General Meeting, held on 26 February 2026, were duly passed by shareholders. The successful approval of all AGM resolutions provides the board with a clear mandate to con...
Business Operations and Strategy
Blencowe’s Iyan Assays Support Imminent JORC and Larger Orom-Cross Graphite Resource
Positive
Feb 24, 2026
Blencowe Resources has reported the final batch of assay results from 87 shallow holes at the Iyan deposit within its Orom-Cross graphite project, confirming thick, laterally continuous graphite mineralisation from surface and multiple intercepts ...
Business Operations and StrategyExecutive/Board Changes
Blencowe grants 30m LTIP shares tied to Orom-Cross funding milestones
Positive
Feb 20, 2026
Blencowe Resources has launched a long-term incentive programme, granting 30 million share-based awards to directors and senior managers, equal to about 6.3% of its current share capital, valued for allocation purposes at £0.09 per share. The...
Business Operations and Strategy
U.S. Tariffs on Chinese Graphite Bolster Blencowe’s Orom-Cross Strategy
Positive
Feb 16, 2026
Blencowe Resources said recent U.S. anti-dumping and countervailing duties of about 160% on graphite active anode material imports from China, if confirmed in March and lasting at least five years, would significantly raise the cost of Chinese mat...
Business Operations and Strategy
Blencowe Tests Show Orom-Cross Graphite Suits High-Value Synthetic Diamond Market
Positive
Feb 10, 2026
Blencowe Resources said new test work by American Energy Technology Co. has confirmed that graphite from its Orom-Cross project can be used to manufacture synthetic industrial diamonds, with a conversion yield of 53.6wt% that surpasses the industr...
Business Operations and Strategy
Blencowe Confirms Thick Near-Surface Graphite at Orom-Cross Iyan Deposit
Positive
Feb 6, 2026
Blencowe Resources has reported a second batch of assay results from 12 shallow drill holes at the Iyan deposit, part of its Orom-Cross Graphite Project in Uganda, confirming thick, near-surface graphite mineralisation with multiple intercepts ove...
Business Operations and Strategy
Blencowe’s Orom-Cross Iyan Drilling Confirms Thick Near-Surface Graphite as Funding Talks Progress
Positive
Feb 2, 2026
Blencowe Resources has reported initial assay results from its Stage 7 shallow drilling campaign at the newly discovered Iyan deposit, part of the Northern Syncline system at the Orom-Cross graphite project in Uganda. Results from 15 of 72 shallow...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and FinancingShareholder Meetings
Blencowe Advances Orom-Cross with DFS Completion, Offtake Deals and Expanded Resource Despite Wider Loss
Positive
Jan 30, 2026
Blencowe Resources reported its audited annual results for the year ended 30 September 2025, posting a total comprehensive loss of £1.41m as it continues to invest in advancing the Orom-Cross graphite project towards production, and confirmed...
Business Operations and Strategy
Blencowe Seals Alkeemia Graphite Deal to Build Non-China Processing Route
Positive
Jan 23, 2026
Blencowe Resources has signed a Letter of Intent with Italian specialist processor Alkeemia S.P.A. to toll treat and purify graphite from its Orom-Cross project in Uganda at a new plant in Italy, providing an alternative, cleaner downstream route ...
Business Operations and Strategy
Blencowe Hits Ultra-High Graphite Purity in Europe, Bolstering Orom-Cross Strategic Appeal
Positive
Jan 15, 2026
Blencowe Resources has reported that purification testwork carried out by Italian specialist Alkeemia S.P.A. has upgraded all Orom-Cross graphite concentrates to 99.99% carbon content, a rare “four-nines” purity that exceeds typical li...
Business Operations and Strategy
Blencowe Gains Oak Securities Coverage as Orom-Cross Graphite Project Advances
Positive
Jan 13, 2026
Blencowe Resources has announced that Oak Securities has initiated research coverage on the company, publishing a note that reviews its Orom-Cross Graphite Project in Uganda and recent operational milestones. The research highlights completion of ...
Business Operations and Strategy
Blencowe’s Beehive Drilling Strengthens Multi-Decade Graphite Potential at Orom-Cross
Positive
Jan 9, 2026
Blencowe Resources has reported further strong drilling results from the newly discovered Beehive deposit at its Orom-Cross graphite project in Uganda, with two deep holes delivering thick mineralised intervals of around 90–95 metres and mul...
Business Operations and StrategyDelistings and Listing Changes
Blencowe Resources Issues 12 Million DFS Performance Shares Ahead of LSE Admission
Neutral
Jan 7, 2026
Blencowe Resources Plc has issued 12,000,000 new ordinary shares as DFS Performance Shares, following the vesting of its Definitive Feasibility Study-related performance options completed and published on 1 December 2025. These new shares, which a...
Private Placements and FinancingRegulatory Filings and Compliance
Blencowe Resources Raises £37,500 Through Warrant Exercise and Increases Share Capital
Neutral
Jan 7, 2026
Blencowe Resources Plc has announced the exercise of 625,000 warrants at 6p each, raising £37,500 in new funds and prompting the issue of an equivalent number of new ordinary shares. The company will seek admission of these 625,000 new shares...
Private Placements and FinancingRegulatory Filings and Compliance
Blencowe Resources Raises £65,000 Through Warrant Exercise and Expands Share Capital
Positive
Jan 5, 2026
Blencowe Resources Plc announced that 1,000,000 warrants have been exercised at an exercise price of 6.5p, raising £65,000 in new funds for the company and resulting in the issuance of 1,000,000 new ordinary shares. The company will seek the ...
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.