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Home CompaniesHorseshoe Metals Ltd

Horseshoe Metals Ltd

Basic Materials Other Industrial Metals & Mining
PortfolioPortfolio WatchlistWatchlist
Company price
0.015 AUD 0.00(0%)
Last update at 2026-11-10T23:00:00Z
Market Cap
11.25M

Momentum Score

…

Horseshoe Metals Limited engages in the development, exploration, and evaluation of mineral properties in Australia. It primarily explores for copper and gold deposits. The company owns 100% interests in the Horseshoe Lights Copper-Gold Project that comprises of tenements covering an area of approximately 340 square kilometers located in Bryah Basin region of Western Australia. Horseshoe Metals Limited was incorporated in 2006 and is based in West Perth, Australia.

Source: TradingView
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Day Price Range
0.01
Low
0.01
High
52 Week Price Range
0.01
Low
0.05
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Horseshoe Metals Ltd (ASX:HOR) is an Australian-listed resource company; public disclosures are limited and it appears to be at an exploration and early development stage. Long-term growth may depend on successful exploration, project advancement, commodity prices and access to capital or partners, which could support value creation if execution and disclosure improve.

Key risks include high exploration and geological uncertainty, ongoing financing needs with dilution risk, commodity-price sensitivity and regulatory or permitting hurdles.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
0.01
Dividend Yield
-
Revenue TTM
0.30M
Revenue Per Share
-
Gross Profit TTM
0.30M
Debt / Equity
-0.96
ROE
-
Net Debt
1.19M
ROCE
-32.43%
Diluted EPS TTM
-

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax -1.68M -0.85M -1.29M -2.37M -2.31M
Net income -1.68M -0.85M -1.29M -2.37M -2.31M
Selling general administrative 0.70M 0.63M 0.73M 0.85M 0.74M
Selling and marketing expenses - 0.21M 0.45M 1.18M 1.48M
Gross profit - -0.02M -0.00M -0.01M 0.09M
Reconciled depreciation - 0.02M 0.01M 0.03M 0.00M
Ebit - -0.81M -1.19M -2.29M -2.13M
Ebitda - -0.79M -1.18M -2.26M -2.13M
Depreciation and amortization - 0.02M 0.01M 0.03M 0.00M
Operating income -1.74M -0.86M -1.19M -2.07M -2.23M
Other operating expenses - 0.84M 1.20M 2.07M 2.23M
Interest expense - 0.04M 0.10M 0.07M 0.18M
Tax provision 0.00M 0.00M 0.00M 0.00M 0.00M
Interest income 0.18M 0.04M - 0.07M 0.18M
Net interest income - 0.00M -0.10M -0.07M -0.18M
Income tax expense - - -0.00M 0.00M 0.00M
Total revenue 0.00M 0.01M 0.01M 0.02M 0.09M
Total operating expenses 1.74M 0.84M 1.20M 2.04M 2.22M
Cost of revenue - 0.02M 0.01M 0.03M 0.00M
Total other income expense net - 0.02M -0.10M -0.32M -0.18M
Net income from continuing ops - -0.85M -1.29M -2.37M -2.31M
Net income applicable to common shares -1.68M -0.85M - -2.37M -2.31M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 10.12M 8.86M 8.54M 8.26M 8.47M
Other current assets - 0.06M 0.08M - 0.12M
Total liab 11.47M 10.11M 9.10M 9.79M 10.30M
Total stockholder equity -1.36M -1.25M -0.56M -1.53M -1.84M
Other current liab - 1.69M 0.05M 0.04M 0.37M
Common stock 27.82M 26.11M 25.88M 23.69M 21.37M
Capital stock - - - 23.69M 21.37M
Retained earnings -29.18M -27.72M -26.92M -25.63M -23.27M
Other liab - - - - 6.50M
Cash 0.03M 0.00M 0.00M 0.01M 1.37M
Total current liabilities 4.74M 4.30M 3.29M 1.85M 2.19M
Current deferred revenue - - 0.00M - -
Net debt - 1.19M 1.69M 1.59M 0.26M
Short term debt 0.00M 1.19M 1.69M 0.72M 0.03M
Short long term debt - - - 0.72M 0.03M
Short long term debt total - 1.19M 1.69M 1.59M 1.64M
Other stockholder equity - - - - -1.31M
Property plant equipment 9.79M - - 8.01M 6.72M
Total current assets 0.33M 0.13M 0.12M 0.25M 1.50M
Long term investments - - - - 0.24M
Net tangible assets - - - - -1.84M
Net receivables 0.08M 0.07M 0.05M 0.13M 0.13M
Long term debt - - - 0.87M 1.61M
Inventory - - - - -0.12M
Accounts payable - 1.41M 1.55M 1.08M 1.80M
Accumulated other comprehensive income - 0.36M 0.48M 0.42M 0.06M
Non currrent assets other - 8.71M 8.37M - -
Non current assets total - 8.73M 8.42M 8.01M 6.97M
Long term debt total 0.00M - - 0.87M 1.61M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments - 0.00M -0.00M -0.05M -
Change to liabilities - - - - 1.17M
Total cashflows from investing activities -0.58M 0.00M - -0.05M 0.00M
Net borrowings - 0.16M - - 0.80M
Total cash from financing activities 1.16M 0.16M 1.85M 1.87M 2.23M
Change to operating activities - - - - -0.03M
Net income - -0.85M -1.29M -2.37M -2.31M
Change in cash 0.03M -0.00M -0.00M -1.37M 1.28M
Begin period cash flow 0.00M 0.00M 0.01M 1.37M 0.10M
End period cash flow - 0.00M 0.00M 0.01M 1.37M
Total cash from operating activities -0.55M -0.17M -1.85M -3.19M -0.96M
Issuance of capital stock - - 2.00M 2.01M 1.67M
Depreciation - 0.02M 0.01M 0.03M 0.00M
Other cashflows from investing activities - - - - 0.00M
Dividends paid - - - 1.87M 2.23M
Change to account receivables - 0.01M 0.08M -0.00M -0.06M
Sale purchase of stock 0.85M 0.00M -0.15M -0.07M -0.25M
Other cashflows from financing activities -0.02M 0.00M -0.00M -0.05M 3.84M
Change to netincome - - - - 0.27M
Capital expenditures 0.58M 0.00M 0.00M 0.05M 0.00M
Change in working capital 0.02M 0.49M -0.95M -1.46M 1.08M
Stock based compensation - - 0.27M 0.53M 0.09M
Other non cash items - 0.17M 0.37M 2.23M -0.83M
Free cash flow - -0.17M -1.86M -3.24M -0.96M

Peer Comparison*

Sector: Basic Materials Industry: Other Industrial Metals & Mining

Stock Name
Change
(AUD)
Price
(AUD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
HOR
Horseshoe Metals Ltd		 -
-%		 0.01 - - 37.49 250.59 96.71 -5.83
BHP
BHP Group Ltd		 -0.78
1.29%		 59.61 20.70 15.82 5.10 4.00 3.51 6.71
RIO
Rio Tinto Ltd		 -3.30
2.14%		 150.57 14.04 12.02 4.03 2.49 2.85 6.74
GLC
Glencore Plc		 0.27
2.69%		 10.30 15.15 11.30 0.38 1.95 0.40 7.60
FMG
Fortescue Ltd		 -0.37
2.40%		 15.05 11.31 13.61 2.81 1.51 1.87 4.32

Profile*

Horseshoe Metals Ltd

Horseshoe Metals Limited engages in the development, exploration, and evaluation of mineral properties in Australia. It primarily explores for copper and gold deposits. The company owns 100% interests in the Horseshoe Lights Copper-Gold Project that comprises of tenements covering an area of approximately 340 square kilometers located in Bryah Basin region of Western Australia. Horseshoe Metals Limited was incorporated in 2006 and is based in West Perth, Australia.

50 Kings Park Road, West Perth, WA, Australia, 6005

61 8 6241 1844

https://www.horseshoemetals.com.au

Name Title Year Born
Ms. Kate Briony Stoney CPA, CPA Company Sec. NA
Ms. Kate Briony Stoney CPA Joint Company Secretary & Non-Executive Director NA
Mr. Josh Merriman Joint Company Secretary NA
Ms. Kate Briony Stoney CPA Joint Company Secretary & Non-Executive Director NA
Mr. Josh Merriman Joint Company Secretary NA
Ms. Kate Briony Stoney CPA Joint Company Secretary & Non-Executive Director NA
Mr. Josh Merriman Joint Company Secretary NA
Ms. Kate Briony Stoney CPA Joint Company Secretary & Non-Executive Director NA
Mr. Josh Merriman Joint Company Secretary NA
Ms. Kate Briony Stoney CPA Joint Company Secretary & Non-Executive Director NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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