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ECR Minerals
(LSE:ECR)
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Rating:45Neutral
Price Target:
0.20 p
▼(-27.78% Downside)
Action:N/A
Date:03/07/26
The score is held down primarily by weak financial performance (no revenue, ongoing losses, and continued cash burn), partially offset by a debt-free balance sheet and modest improvement in losses/cash flow. Technicals are neutral-to-soft with negative MACD and price below shorter-term averages, and valuation is constrained by a negative P/E and no dividend support.
Positive Factors
Debt-free balance sheet
A consistently debt-free balance sheet materially reduces financial risk and interest burden, preserving flexibility to fund exploration via equity, asset sales or JV structures. Over 2-6 months this supports the company's ability to pursue transactions without near-term debt covenants or refinancing pressure.
Negative Factors
Zero reported revenue
Absence of reported revenue means the company has not demonstrated commercial product or contract income, leaving it reliant on financing or asset disposals. Over months this constrains cash generation, increases funding dependency, and limits validation of long-term business viability.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A consistently debt-free balance sheet materially reduces financial risk and interest burden, preserving flexibility to fund exploration via equity, asset sales or JV structures. Over 2-6 months this supports the company's ability to pursue transactions without near-term debt covenants or refinancing pressure.
Read all positive factors
ECR Minerals (ECR) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£7.09M
Dividend YieldN/A
Average Volume (3M)19.46M
Price to Earnings (P/E)―
Beta (1Y)0.12
Revenue GrowthN/A
EPS GrowthN/A
CountryUK
Employees6
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding3,543,751,700
10 Day Avg. Volume17,770,877
30 Day Avg. Volume19,461,657
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)0.94
Price to Sales (P/S)0.00
P/FCF Ratio-5.73
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
ECR Minerals Business Overview & Revenue Model
Company Description
ECR Minerals plc, operating through its subsidiaries, focuses on the entire lifecycle of mineral projects, encompassing their identification, acquisition, exploration, and subsequent development. The company's portfolio includes three wholly-owned...
How the Company Makes Money
ECR’s primary economic model is typical of junior exploration companies: it seeks to create value by advancing early-stage mineral projects and then monetizing that value through transactions rather than through steady operating sales. Key revenue...
ECR Minerals Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
52
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -33.91K | -12.41K | -62.14K | -132.00K | -104.00K | -51.82K |
| EBITDA | -1.37M | -1.24M | -1.12M | -1.64M | -2.51M | -1.41M |
| Net Income | -1.45M | -1.30M | -1.18M | -1.77M | -5.59M | -1.73M |
Balance Sheet | ||||||
| Total Assets | 7.29M | 5.31M | 5.34M | 5.17M | 6.06M | 7.86M |
| Cash, Cash Equivalents and Short-Term Investments | 1.20M | 324.67K | 281.37K | 92.85K | 887.97K | 3.01M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 169.85K | 144.32K | 95.33K | 154.10K | 206.68K | 202.73K |
| Stockholders Equity | 7.12M | 5.16M | 5.24M | 5.01M | 5.85M | 7.66M |
Cash Flow | ||||||
| Free Cash Flow | -1.86M | -849.01K | -1.10M | -2.13M | -2.68M | -4.02M |
| Operating Cash Flow | -1.80M | -849.01K | -714.53K | -1.18M | -918.13K | -1.37M |
| Investing Cash Flow | -568.10K | -5.08K | -137.89K | -434.88K | -1.69M | -2.65M |
| Financing Cash Flow | 2.06M | 898.00K | 1.15M | 858.00K | 464.06K | 5.51M |
ECR Minerals 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% | |
54 Neutral | £16.65M | -23.37 | -17.24% | ― | ― | -100.00% | |
48 Neutral | £12.58M | -1.07 | -47.73% | ― | 119.27% | -44.44% | |
45 Neutral | £7.09M | -10.00 | -24.33% | ― | ― | ― | |
44 Neutral | £6.16M | -37.64 | -2.46% | ― | ― | 77.01% | |
41 Neutral | £3.16M | -0.71 | -86.67% | ― | ― | 46.23% |
* Basic Materials Sector Average
GB:ECR
ECR Minerals
0.20
-0.02
-9.09%
GB:ORR
Oriole Resources PLC
0.36
0.12
54.35%
GB:CGNR
Conroy Gold and Natural Resources
8.00
1.50
23.08%
GB:GRL
Goldstone Resources
0.75
0.27
56.25%
GB:HAMA
Hamak Gold Limited
0.62
-2.33
-79.08%
ECR Minerals Corporate Events
Business Operations and StrategyExecutive/Board ChangesPrivate Placements and Financing
ECR Minerals issues new equity and options as scrip-based pay expands
Neutral
Jul 14, 2026
ECR Minerals has issued 57,738,599 new ordinary shares on AIM, primarily to remunerate directors and advisers in equity at 0.211 pence per share, and to pay Slievemara Consulting 25 million shares at 0.26 pence for introducing the Paleogold acquis...
Business Operations and Strategy
ECR Minerals Uncovers New Drill-Ready Gold Corridor at Lolworth
Positive
Jul 9, 2026
ECR Minerals has identified a new drill-ready gold target at the Butterfly Creek prospect within its 100%-owned Lolworth Project in North Queensland, after laboratory assays defined a 200-metre north-northeast trending gold corridor. The corridor ...
Business Operations and StrategyFinancial DisclosuresM&A TransactionsPrivate Placements and Financing
ECR Minerals pivots from explorer to emerging Australian gold producer
Positive
Jun 30, 2026
ECR Minerals has reported unaudited half-year results to 31 March 2026, alongside a strategic pivot from junior explorer to diversified Australian gold producer. The company completed a £1.5 million fundraising and ended the period with net a...
Business Operations and Strategy
ECR Minerals Targets Higher Gold Recovery and Growth at Raglan Project
Positive
Jun 10, 2026
ECR Minerals has reported an operational update at its Raglan alluvial gold project in Queensland, where a drone Lidar survey has been completed and data interpretation is underway to refine mine planning, identify new palaeochannel targets and su...
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
ECR Minerals Confirms Share Capital and Highlights Expanding Australian Gold Portfolio
Positive
May 29, 2026
ECR Minerals has confirmed that its issued share capital stands at 3,543,751,795 ordinary shares, each carrying one voting right, with no shares held in treasury. This figure sets the reference base for investors assessing disclosure thresholds un...
Business Operations and StrategyM&A Transactions
ECR Minerals completes Paleogold deal to boost Australian gold production pipeline
Positive
May 18, 2026
ECR Minerals has completed the acquisition of Paleogold Limited, securing interests in multiple Australian gold projects, including a 50% stake in Lucky Strike’s Maddens Flat Group of Mines in Queensland and a 20% interest in the Salt Bush p...
Business Operations and StrategyExecutive/Board Changes
ECR Minerals pays board in shares and options as it expands Australian gold push
Neutral
May 6, 2026
ECR Minerals has issued 25,863,779 new ordinary shares at 0.26 pence to partially settle accrued fees for its directors, consultants and professional advisers, with chairman Nick Tulloch and three non-executive directors receiving equity in lieu o...
Business Operations and StrategyM&A Transactions
ECR Minerals Advances Paleogold Deal and Ramps Up Australian Gold Projects
Positive
Apr 27, 2026
ECR Minerals outlined progress on its proposed acquisition of Paleogold, which has now reached over 94% shareholder acceptances and is expected to transform the group into a 10-project, multi-state gold company. The deal would add hard rock and sh...
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
ECR Minerals buys Paleogold to fast-track Australian gold production
Positive
Apr 20, 2026
ECR Minerals has agreed to acquire Paleogold Limited in a staged, share-based and partly cash-funded deal that will add gold projects in Queensland, Western Australia and South Australia to its portfolio. The transaction is structured around reven...
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.