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Firering Strategic Minerals Plc
(LSE:FRG)
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Rating:42Neutral
Price Target:
0.86 p
▼(-30.88% Downside)
Action:N/A
Date:07/03/26
The score is held down primarily by weak financial performance (no revenue, ongoing losses, and consistent cash burn) and a bearish technical setup (price below all major moving averages with negative MACD). Valuation provides limited support because the P/E is negative and no dividend yield is available.
Positive Factors
Strengthening equity position
A steady multi-year increase in equity provides a more durable capital buffer and reduces immediate solvency pressure. This improves the company's ability to fund project evaluation and attract partners or creditors on better terms, supporting operational stability while still pre-revenue.
Negative Factors
Pre-revenue business model
The absence of operating revenue is a fundamental constraint: without product or resource revenue the company must rely on financing to cover operating costs. Over a multi-month horizon this limits self-sustainability and delays any path to margin recovery or positive earnings.
Read all positive and negative factors
Positive Factors
Negative Factors
Strengthening equity position
A steady multi-year increase in equity provides a more durable capital buffer and reduces immediate solvency pressure. This improves the company's ability to fund project evaluation and attract partners or creditors on better terms, supporting operational stability while still pre-revenue.
Read all positive factors
Firering Strategic Minerals Plc (FRG) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£6.07M
Dividend YieldN/A
Average Volume (3M)996.01K
Price to Earnings (P/E)―
Beta (1Y)0.52
Revenue GrowthN/A
EPS Growth-46.43%
CountryUK
Employees34,443
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding656,032,900
10 Day Avg. Volume706,935
30 Day Avg. Volume996,008
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)0.00
Price to Sales (P/S)0.00
P/FCF Ratio0.00
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
Firering Strategic Minerals Plc Business Overview & Revenue Model
Company Description
Firering Strategic Minerals Plc operates as a holding company for a group of exploration and development companies. Its portfolio of assets is located in Côte d'Ivoire. The company was founded on May 8, 2019 and is headquartered in Nicosia, Cyprus....
How the Company Makes Money
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Firering Strategic Minerals Plc Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
54
Neutral
Cash Flow
22
Negative
| Breakdown | Dec 2025 | Jun 2025 | Dec 2023 | Jun 2023 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -25.53K | -29.66K | -47.95K | -45.76K | -154.38K |
| EBITDA | -956.41K | -1.00M | -1.31M | -39.00K | -2.02M |
| Net Income | ― | ― | -2.41M | -84.00K | -3.07M |
Balance Sheet | |||||
| Total Assets | 7.78M | 6.15M | 3.24M | 5.37M | 5.79M |
| Cash, Cash Equivalents and Short-Term Investments | 716.87K | 297.00K | 297.00K | 1.18M | 3.38M |
| Total Debt | 1.40M | 1.52M | 796.00K | 882.00K | 820.00K |
| Total Liabilities | 2.49M | 2.20M | 1.29M | 1.40M | 1.21M |
| Stockholders Equity | 5.19M | 3.95M | 1.95M | 3.97M | 4.34M |
Cash Flow | |||||
| Free Cash Flow | 0.00 | -781.00K | -1.29M | -2.82M | -1.69M |
| Operating Cash Flow | -1.15M | -781.00K | -1.29M | -1.54M | -686.00K |
| Investing Cash Flow | -2.01M | -2.98M | -351.00K | -341.00K | -1.29M |
| Financing Cash Flow | 3.57M | 3.77M | 756.00K | -320.00K | 4.98M |
Firering Strategic Minerals 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% | |
52 Neutral | £122.90M | -565.46 | -2.03% | ― | -13.52% | -100.00% | |
48 Neutral | £47.46M | -0.03 | 0.25% | ― | ― | 44.90% | |
44 Neutral | £4.27M | -4.64 | -44.38% | ― | -11.10% | 50.00% | |
43 Neutral | £21.24M | -2.64 | -43.43% | ― | ― | 76.95% | |
42 Neutral | £6.07M | -1.44 | -32.39% | ― | ― | -46.43% |
* Basic Materials Sector Average
GB:FRG
Firering Strategic Minerals Plc
0.93
-1.47
-61.46%
GB:SML
Strategic Minerals
4.36
4.06
1329.51%
GB:TYM
Tertiary Minerals
0.06
0.03
93.55%
GB:ZNWD
Zinnwald Lithium Plc
8.75
3.35
62.04%
GB:CTL
CleanTech Lithium PLC
5.85
-0.15
-2.50%
Firering Strategic Minerals Plc Corporate Events
Business Operations and StrategyExecutive/Board ChangesFinancial DisclosuresPrivate Placements and Financing
Firering pivots to industrial minerals with Limeco-driven growth in Zambia
Positive
Jun 30, 2026
Firering Strategic Minerals reported that 2025 marked a transition from junior exploration to emerging industrial minerals producer, driven by operational progress at its Limeco lime products plant in Zambia. The commissioning of Kiln 1, followed ...
Business Operations and StrategyM&A Transactions
Firering lifts Limeco stake to 45% as Zambian lime operations ramp up
Positive
Jun 29, 2026
Firering Strategic Minerals has exercised the final tranche of its option to raise its stake in Zambian lime producer Limeco Holdings from 41.7% to 45%, underscoring its confidence in the asset’s long-term growth prospects. The move also inc...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Firering lifts Limeco stake as Zambian lime project reaches breakeven and ramps up output
Positive
May 27, 2026
Firering Strategic Minerals has raised its stake in Zambian lime producer Limeco Resources to 41.7% by exercising the fourth tranche of an acquisition option, following Limeco’s achievement of operational breakeven. The move increases Fireri...
Business Operations and StrategyPrivate Placements and Financing
Firering Extends Bridge Loan Notes to Support Limeco Expansion
Positive
May 19, 2026
Firering Strategic Minerals has extended the maturity of its existing £805,278 bridge loan notes by one year to 15 May 2027, maintaining a 15% annual interest rate with semi-annual payments and introducing a minimum early repayment return and...
Business Operations and StrategyPrivate Placements and FinancingShareholder Meetings
Firering shareholders back major capital expansion and fundraising on AIM
Positive
May 18, 2026
Firering Strategic Minerals has secured shareholder approval at a general meeting to expand its financing flexibility, including authority to issue up to 450 million new shares and an increase in authorised share capital to 1 billion shares. The c...
Business Operations and StrategyPrivate Placements and FinancingShareholder Meetings
Firering raises £2.5m to lift Limeco stake and strengthen capital base
Positive
Apr 24, 2026
Firering Strategic Minerals has raised £2.5 million through a placing and subscription of 250 million new shares at 1 pence each, equivalent to about 39.2% of its enlarged share capital, with certain directors participating as related parties...
Business Operations and StrategyFinancial Disclosures
Firering’s Limeco Nears Profitability on New Offtake Deal and Capacity Ramp-Up
Positive
Apr 20, 2026
Firering Strategic Minerals reported a key milestone at its Limeco operation in Zambia, where it has effectively reached breakeven in March on the back of operational improvements and rising demand for its higher-value lime products. 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.