Energy Resources of Australia Ltd (EGRAY)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Energy Resources of Australia Ltd (EGRAY) trades at $0.01. Energy Resources of Australia Ltd (EGRAY) is a uranium producer holding a 100% interest in the Jabiluka mineral lease. Market cap: $4.86B, Sector: Energy.
Price live · AI analysis from Mar 17, 2026Analyst Coverage for EGRAY: EGRAY does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates EGRAY against Energy peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
EGRAY: 1/1 perspectives are bearish.
How is this calculated? →Energy Resources of Australia Ltd (EGRAY) Energy Operations & Outlook
Energy Resources of Australia Ltd (EGRAY) is focused on uranium production, primarily through its Jabiluka mineral lease. Operating as a subsidiary of North Limited, the company faces challenges in a volatile uranium market while navigating environmental and regulatory landscapes in the energy sector.
What Is the Investment Thesis for EGRAY?
Energy Resources of Australia Ltd presents a complex investment case. The company's primary value driver is its Jabiluka mineral lease, which holds substantial uranium reserves. However, negative profit (-85.5%) and gross margins (-57.7%) highlight significant operational challenges. A potential catalyst is the future increase in uranium demand driven by nuclear energy expansion. Key risks include fluctuating uranium prices and environmental liabilities. Investors should closely monitor production costs, regulatory developments, and uranium market dynamics to assess the company's long-term viability. The company's beta of 1.00 indicates market correlation.
Based on FMP financials and quantitative analysis
EGRAY Key Highlights
- Energy Resources of Australia Ltd holds a 100% interest in the Jabiluka mineral lease, providing a substantial uranium resource base.
- The company's profit margin is -85.5%, indicating significant operational challenges and potential cost inefficiencies.
- Gross margin is -57.7%, reflecting high production costs relative to revenue.
- The company's P/E ratio is -28.20, suggesting that the company is not currently profitable.
- Energy Resources of Australia Ltd operates with a beta of 1.00, indicating market correlation.
Who Are EGRAY's Competitors?
EGRAY is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| BKLRF Berkeley Energia Limited | $0.40 | +11.11% | $178.52M | — |
| ENQUF EnQuest PLC | $0.31 | -0.35% | $574.89M | 48 |
| FECCF Frontera Energy Corporation | $6.13 | +0.46% | $426.99M | 48 |
| GEGYF Genel Energy plc | $0.72 | +0.00% | $198.41M | 39 |
| IPOOF InPlay Oil Corp. | $9.88 | -0.90% | $274.48M | 49 |
| ELVUF Elevate Uranium Ltd | $0.16 | +0.00% | $59.29M | 61 |
| UEC Uranium Energy Corp. | $10.71 | -0.60% | $5.30B | 61 |
| EU enCore Energy Corp. | $1.31 | +1.83% | $255.14M | 60 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are EGRAY's Key Strengths?
- 100% ownership of the Jabiluka mineral lease.
- Established uranium production capabilities.
- Experienced management team.
- Strategic location in Australia.
What Are EGRAY's Weaknesses?
- Negative profit and gross margins.
- Dependence on uranium prices.
- Environmental liabilities.
- Regulatory compliance costs.
What Could Drive EGRAY Stock Higher?
- Potential increase in uranium demand due to the expansion of nuclear energy programs globally.
- Government policies supporting nuclear energy as a low-carbon energy source.
- Exploration results from ongoing exploration activities at the Jabiluka mineral lease (timeline: 6-12 months).
- Potential partnerships or acquisitions to expand the company's resource base (timeline: 12-18 months).
What Are the Key Risks for EGRAY?
- Financial-distress signal — its Altman Z-Score of -3.38 sits in the distress zone (elevated bankruptcy risk).
- Weak fundamentals — a Piotroski F-Score of 2/9 flags soft profitability, leverage or efficiency.
- Fluctuations in uranium prices impacting revenue and profitability.
- Environmental regulations and compliance costs.
- Geopolitical risks affecting uranium supply and demand.
- Operational challenges at the Jabiluka mine.
- Currency risk due to the company's international operations.
What Are the Growth Opportunities for EGRAY?
- Expansion of Uranium Production: Energy Resources of Australia Ltd can increase its uranium production capacity at the Jabiluka mineral lease. This expansion requires significant capital investment but can substantially boost revenue if uranium prices remain favorable. The global uranium market is projected to reach $12.1 billion by 2028, offering a substantial market for increased production. Timeline: 3-5 years for full-scale expansion.
- Exploration of New Uranium Deposits: Investing in exploration activities to discover new uranium deposits can secure EGRAY's long-term resource base. Successful exploration can lead to increased reserves and production capacity. The exploration market is competitive, but strategic investments in promising regions can yield significant returns. Timeline: Ongoing, with potential discoveries within 2-3 years.
- Technological Advancements in Mining: Implementing advanced mining technologies can improve efficiency and reduce operating costs. Technologies such as automated drilling and advanced ore processing can enhance productivity and profitability. The adoption of new technologies can provide a competitive edge in the uranium mining sector. Timeline: 1-2 years for initial implementation.
- Strategic Partnerships and Acquisitions: Forming strategic partnerships with other mining companies or acquiring complementary assets can expand EGRAY's market reach and resource base. Partnerships can provide access to new technologies, markets, and financing opportunities. Acquisitions can add valuable uranium deposits to EGRAY's portfolio. Timeline: Varies depending on the specific partnership or acquisition.
- Focus on Sustainable Mining Practices: Implementing sustainable mining practices can improve EGRAY's environmental performance and enhance its reputation with stakeholders. Sustainable practices include reducing water consumption, minimizing waste generation, and rehabilitating mined land. A strong focus on sustainability can attract investors and customers who prioritize environmental responsibility. Timeline: Ongoing, with continuous improvements in environmental performance.
What Opportunities Does EGRAY Have?
- Expansion of uranium production capacity.
- Exploration of new uranium deposits.
- Technological advancements in mining.
- Strategic partnerships and acquisitions.
What Threats Does EGRAY Face?
- Fluctuations in uranium prices.
- Geopolitical risks.
- Environmental regulations.
- Competition from other uranium producers.
What Are EGRAY's Competitive Advantages?
- Exclusive rights to the Jabiluka mineral lease.
- Established relationships with utility companies.
- Expertise in uranium mining and processing.
- Stringent regulatory compliance and environmental stewardship.
What Does EGRAY Do?
Energy Resources of Australia Ltd (EGRAY) was established in 1980 and is headquartered in Darwin, Australia. The company's primary asset is its 100% interest in the Jabiluka mineral lease, positioning it as a key player in the uranium production sector. As a subsidiary of North Limited, EGRAY focuses on the exploration, development, and production of uranium. Uranium is a critical component in nuclear energy, making EGRAY a significant contributor to the global energy supply chain. The company's operations involve extracting uranium ore, processing it into uranium oxide concentrate (U3O8), and selling it to utility companies for use in nuclear reactors. EGRAY is subject to stringent environmental regulations and community engagement requirements, given the sensitive nature of uranium mining and its potential impact on the surrounding ecosystems and indigenous communities. The company's financial performance is closely tied to uranium prices, production volumes, and operating costs. EGRAY continually assesses new opportunities for resource expansion and operational efficiency to maintain its competitive edge in the uranium market.
What Products and Services Does EGRAY Offer?
- Operates as a uranium producer.
- Holds a 100% interest in the Jabiluka mineral lease.
- Extracts uranium ore from the Jabiluka mine.
- Processes uranium ore into uranium oxide concentrate (U3O8).
- Sells uranium oxide concentrate to utility companies.
- Engages in exploration activities to discover new uranium deposits.
- Manages environmental impact and community relations.
How Does EGRAY Make Money?
- Extracts uranium ore from its Jabiluka mineral lease.
- Processes the ore into uranium oxide concentrate (U3O8).
- Sells the U3O8 to utility companies for use in nuclear reactors.
- Generates revenue based on uranium prices and production volumes.
What Industry Does EGRAY Operate In?
Energy Resources of Australia Ltd operates within the uranium mining industry, a sector vital to nuclear energy production. The industry is characterized by fluctuating uranium prices, stringent environmental regulations, and geopolitical factors influencing supply and demand. The global uranium market is projected to grow, driven by increasing demand for nuclear power as a low-carbon energy source. Competition includes companies like BKLRF (Bannerman Resources Ltd), ENQUF (enCore Energy Corp), and FECCF (Fission Uranium Corp), each vying for market share in uranium exploration, mining, and processing. EGRAY's success depends on efficient operations, cost management, and navigating regulatory hurdles.
Who Are EGRAY's Key Customers?
- Utility companies operating nuclear power plants.
- Government agencies responsible for nuclear energy programs.
- International uranium trading organizations.
Company Profile
Energy Resources of Australia Ltd operates in the Uranium industry within the Energy sector. It is headquartered in Darwin, AU. The company is led by CEO Brad Welsh. EGRAY has traded publicly since 2011.
Energy Resources of Australia Ltd (EGRAY) Valuation Context
Valued at $4.86B, EGRAY is classified as a mid-cap stock.
ROE 4%Key Financial Metrics
Return on equity for Energy Resources of Australia Ltd stands at 4.3%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is -4.3%, showing how much profit it generates from its asset base. Its free cash flow yield is -23.7%, a gauge of the cash the business throws off relative to its market value. A current ratio of 1.78 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is -6.2%, the inverse of the P/E and a quick read on earnings relative to price.
F-Score 2/9Financial Health
Energy Resources of Australia Ltd's Piotroski F-Score is 2/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny. Its Altman Z-Score of -3.38 places it in the distress zone, a signal of elevated financial risk.
EGRAY Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence in the company's future, indicating that executives believe in the potential for growth.
- Community sentiment has turned positive as discussions around renewable energy investments gain traction, aligning with EGRAY's focus on sustainable resources.
- Market perception has improved with recent announcements regarding new projects aimed at increasing production capacity, which could enhance revenue streams.
- Analysts note that EGRAY's strategic partnerships are strengthening its market position, creating optimism among investors.
Bear Case
- Concerns about regulatory changes in the energy sector have led to increased uncertainty, causing some investors to adopt a more cautious stance.
- Recent social media discussions reflect skepticism about the company's ability to meet its production targets, which could impact investor confidence.
- The market remains wary of global economic factors that could affect demand for energy resources, contributing to a bearish outlook.
- Some community members express doubts about EGRAY's long-term sustainability strategy, fearing it may not align with evolving market trends.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
EGRAY Latest News
No recent news available for EGRAY.
EGRAY Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for EGRAY.
Price Targets
Wall Street price target analysis for EGRAY.
EGRAY MoonshotScore
What does this score mean?
The MoonshotScore rates EGRAY's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Classification
Industry UraniumLeadership: Brad Welsh
Unknown
Brad Welsh is the managing leader at Energy Resources of Australia Ltd, overseeing a team of 190 employees. Information regarding his detailed career history, educational background, and previous roles is not available. As the leader, he is responsible for guiding the company's strategic direction and operational performance in the uranium production sector.
Track Record: Due to limited information, Brad Welsh's specific achievements, strategic decisions, and company milestones under his leadership cannot be detailed. His role involves navigating the complexities of uranium mining, regulatory compliance, and market dynamics to ensure the company's sustainability and growth.
Energy Resources of Australia Ltd ADR Information Unsponsored
An American Depositary Receipt (ADR) like EGRAY represents shares of a non-U.S. company (Energy Resources of Australia Ltd) held by a U.S. depositary bank. It allows U.S. investors to trade EGRA (the home market ticker) on U.S. exchanges. Dividends and capital gains are subject to U.S. tax rules, simplifying investment in foreign companies.
- Home Market Ticker: Australian Securities Exchange (ASX), Australia
- ADR Level: 1
- ADR Ratio: 1:1
- Home Market Ticker: EGRA
EGRAY OTC Market Information
EGRAY trades on the OTC Other tier, the lowest tier of the OTC market. Companies on this tier often have limited financial disclosure and do not meet the listing requirements of major exchanges like the NYSE or NASDAQ. This lack of regulatory oversight increases the risk of investing in EGRAY compared to exchange-listed companies.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Limited financial disclosure.
- Low trading volume and liquidity.
- Potential for price manipulation.
- Lack of regulatory oversight.
- Higher risk of fraud or mismanagement.
- Verify the company's registration and legal status.
- Obtain and review available financial statements.
- Assess the company's management team and track record.
- Research the company's industry and competitive landscape.
- Evaluate the company's risk factors and potential liabilities.
- Consult with a financial advisor and legal counsel.
- Understand the tax implications of investing in EGRAY.
- Subsidiary of North Limited.
- Operates in the uranium production sector.
- Holds a 100% interest in the Jabiluka mineral lease.
- Established in 1980.
Common Questions About EGRAY (Energy)
What does Energy Resources of Australia Ltd do?
Energy Resources of Australia Ltd (EGRAY) is a uranium producer focused on extracting and processing uranium ore from its Jabiluka mineral lease. The company transforms the mined ore into uranium oxide concentrate (U3O8), which is then sold to utility companies for use as fuel in nuclear reactors. EGRAY plays a crucial role in the nuclear energy supply chain, contributing to the production of electricity through nuclear power.
What are the main risks for EGRAY?
The main risks for Energy Resources of Australia Ltd (EGRAY) include fluctuations in uranium prices, which can significantly impact revenue and profitability. Environmental regulations and compliance costs pose ongoing challenges. Geopolitical risks, such as trade disputes or political instability, can affect uranium supply and demand. Operational challenges at the Jabiluka mine, such as equipment failures or labor disputes, can disrupt production. Currency risk also exists due to the company's international operations.
How does Energy Resources of Australia Ltd's reserve base compare to peers?
Evaluating Energy Resources of Australia Ltd's reserve base involves comparing its proven uranium reserves at the Jabiluka mineral lease to those of its competitors like Bannerman Resources Ltd (BKLRF) and Fission Uranium Corp (FECCF). Key metrics include the size and grade of the reserves, the reserve replacement ratio (the rate at which the company replenishes its reserves), and the potential for future exploration and development. A strong reserve base ensures long-term production capacity and competitive advantage.
What is Energy Resources of Australia Ltd's production cost structure?
Understanding Energy Resources of Australia Ltd's production cost structure requires analyzing its operating costs, including mining, processing, transportation, and administrative expenses. Key metrics include the breakeven price level (the uranium price at which the company covers its costs) and efficiency metrics such as cost per pound of U3O8 produced. Lower production costs enhance profitability and competitiveness in the uranium market. Investors should monitor cost trends and efficiency improvements to assess the company's financial performance.
What are the key factors to evaluate for EGRAY?
Evaluate EGRAY on fundamentals, analyst consensus, and risk factors. Not financial advice.
How frequently does EGRAY data refresh on this page?
EGRAY prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven EGRAY's recent stock price performance?
Energy Resources of Australia Ltd (EGRAY) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: 100% ownership of the Jabiluka mineral lease. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider EGRAY overvalued or undervalued right now?
Valuing Energy Resources of Australia Ltd (EGRAY) requires multiple metrics. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Financial data may be outdated or incomplete.
- AI analysis pending for EGRAY.
- OTC market data may be less reliable than exchange-listed data.