Helix Exploration Plc (GB:HEX)
LSE:HEX
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Helix Exploration Plc
(LSE:HEX)
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Select Model
Rating:56Neutral
Price Target:
46.00 p
▲(24.32% Upside)
Action:N/ADate:03/28/26
The score is held back primarily by weak financial performance (no revenue, continued losses, and worsening cash burn despite a debt-free balance sheet). Technicals are a key offset, with a strong uptrend and positive momentum. Valuation remains constrained by losses and the absence of a dividend yield.
Positive Factors
Debt-free balance sheet
Zero reported debt materially reduces bankruptcy and interest-rate risk, giving management durable financial flexibility to fund exploration or development via equity or project financing over the next 2–6 months without immediate refinancing pressure.
Negative Factors
No revenue
Absence of any revenue means the business model remains unproven and operations are not cash-generating. Over 2–6 months this structural lack of income forces reliance on capital markets or partners and limits intrinsic ability to self-fund development.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Zero reported debt materially reduces bankruptcy and interest-rate risk, giving management durable financial flexibility to fund exploration or development via equity or project financing over the next 2–6 months without immediate refinancing pressure.
Read all positive factors
Helix Exploration Plc (HEX) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£88.17M
Dividend YieldN/A
Average Volume (3M)1.43M
Price to Earnings (P/E)―
Beta (1Y)0.57
Revenue GrowthN/A
EPS GrowthN/A
CountryUK
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding195,502,400
10 Day Avg. Volume1,237,946
30 Day Avg. Volume1,430,866
Financial Highlights & Ratios
PEG Ratio0.74
Price to Book (P/B)2.68
Price to Sales (P/S)0.00
P/FCF Ratio-7.71
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
Helix Exploration Plc Business Overview & Revenue Model
Company Description
Helix Exploration Plc engages in the development and exploitation of small-scale gas leases. Its projects include The Montana Helium Fairway. The company was founded by Wheeler Moore Sears on September 23, 2023 and is headquartered in London, the ...
Helix Exploration Plc Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
24
Negative
| Breakdown | Sep 2025 | Sep 2024 |
|---|---|---|
Income Statement | ||
| Total Revenue | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 |
| EBITDA | -1.32M | -2.17M |
| Net Income | -1.86M | -2.17M |
Balance Sheet | ||
| Total Assets | 16.78M | 9.15M |
| Cash, Cash Equivalents and Short-Term Investments | 2.73M | 4.96M |
| Total Debt | 0.00 | 0.00 |
| Total Liabilities | 938.00K | 465.00K |
| Stockholders Equity | 15.84M | 8.69M |
Cash Flow | ||
| Free Cash Flow | -5.51M | -2.33M |
| Operating Cash Flow | -1.82M | -401.00K |
| Investing Cash Flow | -9.33M | -1.93M |
| Financing Cash Flow | 8.94M | 7.37M |
Helix Exploration 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% | |
56 Neutral | £88.17M | -22.80 | -30.32% | ― | ― | ― | |
54 Neutral | £13.78M | -1.57 | ― | ― | ― | ― | |
52 Neutral | £36.63M | -7.37 | -9.52% | ― | ― | ― | |
50 Neutral | £12.78M | -2.70 | -10.00% | ― | ― | ― | |
40 Underperform | £7.00M | -1.12 | -2060.64% | ― | ― | ― |
* Basic Materials Sector Average
GB:HEX
Helix Exploration Plc
45.10
31.85
240.38%
GB:UFO
Alien Metals Ltd
0.11
0.02
29.41%
GB:ROCK
Rockfire Resources PLC
0.16
0.06
57.00%
GB:COBR
Cobra Resources Plc
3.90
2.95
310.53%
GB:CMRS
Caerus Mineral Resources Plc
2.05
0.60
41.38%
GB:FMET
Fulcrum Metals Plc
9.00
4.25
89.47%
Helix Exploration Plc Corporate Events
Business Operations and StrategyDelistings and Listing ChangesPrivate Placements and Financing
Helix Exploration marks first helium production in Montana after transformational year
Positive
Mar 26, 2026
Helix Exploration has transitioned from explorer to producer after a transformational year capped by the start of helium production at its Rudyard Project in Montana. Successful testing of the Linda #1, Weil #1 and Inez #1 wells confirmed strong r...
Business Operations and StrategyPrivate Placements and Financing
Helix Exploration Issues New Shares After Warrant Exercise
Positive
Mar 17, 2026
Helix Exploration PLC, a specialist in helium exploration and development in Montana, is progressing its Rudyard Helium Project with a focus on building scale efficiently and delivering near-term cash flow. The company is leveraging existing infra...
Business Operations and Strategy
Helix Exploration Leases First Helium Trailer as Global Supply Crisis Deepens
Positive
Mar 9, 2026
Helix Exploration has leased its first high-pressure jumbo tube trailer, providing dedicated capacity to transport compressed helium from the Rudyard Helium Project as it moves from pure exploration into operational readiness. The company plans to...
Business Operations and Strategy
Helix Expands Rudyard Helium Acreage as Global Supply Shock Boosts U.S. Advantage
Positive
Mar 6, 2026
Helix Exploration has expanded its leasehold at the Rudyard Helium Project in northern Montana to about 7,927 acres after acquiring a further 360 acres of State of Montana mineral leases at auction. The enlarged position secures control over the c...
Business Operations and StrategyPrivate Placements and Financing
Helix Exploration Raises £2.2 Million in AIM Placing to Advance Montana Helium Assets
Positive
Mar 3, 2026
Helix Exploration has completed a share placing at 25 pence per share, conditionally raising about £2.2 million through the issue of 8.8 million new shares, alongside 60,000 fee shares, with Hannam Partners acting as sole bookrunner. The net...
Business Operations and StrategyPrivate Placements and Financing
Helix Exploration launches £2.2m placing to fund helium ramp-up
Positive
Mar 2, 2026
Helix Exploration plans to raise at least £2.2 million gross via a non-underwritten placing of a minimum 8.8 million new shares at 25 pence each, a 12% discount to the recent 15-day VWAP. The accelerated bookbuild, run by Hannam Partners wit...
Business Operations and Strategy
Helix Exploration Starts First Helium Production in Montana at Rudyard Project
Positive
Feb 23, 2026
Helix Exploration has begun gas production at its flagship Rudyard Project, becoming the first helium gas producer in Montana and marking its transition from explorer to revenue-generating operator. Initial output comes from three wells tied into ...
Business Operations and Strategy
Helix Exploration Resolves Rudyard Technical Hitch as Montana Helium Output Nears
Positive
Feb 13, 2026
Helix Exploration reported that a minor technical issue with the Variable Speed Drive at its Rudyard project temporarily delayed the start of helium production, but the problem has now been resolved and the equipment is operating smoothly. The com...
Business Operations and StrategyPrivate Placements and Financing
Helix Exploration Raises £25,000 Through Warrant Exercise Ahead of Montana Helium Push
Positive
Jan 26, 2026
Helix Exploration PLC has received notice for the exercise of warrants over 250,000 new ordinary shares at 10 pence each, raising £25,000 in proceeds and slightly increasing its issued share capital to 186,567,400 ordinary shares. The new sha...
Business Operations and Strategy
Helix Advances Rudyard Helium Project Toward First Production and Explores Hydrogen Upside
Positive
Jan 12, 2026
Helix Exploration has reported material progress at its Rudyard Project as it moves toward initial helium gas production, with the delivery and installation of a key pressure swing adsorption compressor at the processing plant now under way, enabl...
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.