Alicanto Minerals (AQI) Stock Overview

Operates as a mineral exploration company in Sweden. More details

AQI fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	0/6
Financial Health	6/6
Dividends	0/6

Risk Analysis

Makes less than USD$1m in revenue (A$32K)

Shareholders have been substantially diluted in the past year

Currently unprofitable and not forecast to become profitable over the next 3 years

AQI Community Fair Values

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Alicanto Minerals Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for Alicanto Minerals
Historical stock prices
Current Share Price	AU$1.56
52 Week High	AU$2.42
52 Week Low	AU$0.30
Beta	1.52
1 Month Change	5.05%
3 Month Change	-25.71%
1 Year Change	400.00%
3 Year Change	271.43%
5 Year Change	-3.70%
Change since IPO	-38.09%

Recent updates

Analysis Article • Sep 23

Alicanto Minerals (ASX:AQI) Is In A Good Position To Deliver On Growth Plans

Just because a business does not make any money, does not mean that the stock will go down. For example, biotech and...

Analysis Article • Feb 01

What Can We Make Of Alicanto Minerals' (ASX:AQI) CEO Compensation?

This article will reflect on the compensation paid to Peter George who has served as CEO of Alicanto Minerals Limited...

Shareholder Returns

	AQI	AU Metals and Mining	AU Market
7D	-4.3%	3.4%	1.0%
1Y	400.0%	59.3%	3.1%

Return vs Industry: AQI exceeded the Australian Metals and Mining industry which returned 59.3% over the past year.

Return vs Market: AQI exceeded the Australian Market which returned 3.1% over the past year.

Price Volatility

Is AQI's price volatile compared to industry and market?
AQI volatility
AQI Average Weekly Movement	13.3%
Metals and Mining Industry Average Movement	12.2%
Market Average Movement	10.3%
10% most volatile stocks in AU Market	17.4%
10% least volatile stocks in AU Market	4.2%

Stable Share Price: AQI has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: AQI's weekly volatility (13%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2011	n/a	Jeff Sansom	www.alicantominerals.com.au

Alicanto Minerals Limited operates as a mineral exploration company in Sweden. The company explores for gold, zinc, lead, silver, and copper deposits. Its 100%-owned properties include the Falun Copper-Gold project covering an area of 312 square kilometers, and the Sala Zinc-Silver project covering an area of 91 square kilometers, located in the Bergslagen region of Sweden.

Alicanto Minerals Limited Fundamentals Summary

How do Alicanto Minerals's earnings and revenue compare to its market cap?
AQI fundamental statistics
Market cap	AU$265.50m
Earnings (TTM)	-AU$5.06m
Revenue (TTM)	AU$31.79k

7,943x

P/S Ratio

-49.9x

P/E Ratio

Is AQI overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
AQI income statement (TTM)
Revenue	AU$31.79k
Cost of Revenue	AU$242.24k
Gross Profit	-AU$210.45k
Other Expenses	AU$4.85m
Earnings	-AU$5.06m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)	-0.031
Gross Margin	-661.91%
Net Profit Margin	-15,926.32%
Debt/Equity Ratio	0%

How did AQI perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/06/02 08:25
End of Day Share Price	2026/06/02 00:00
Earnings	2025/12/31
Annual Earnings	2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Alicanto Minerals Limited is covered by 1 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Tim McCormack	Canaccord Genuity

Alicanto Minerals (AQI) Stock Overview

Risk Analysis

Alicanto Minerals Limited Competitors

Beacon Minerals

Emmerson Resources

Tribune Resources

West Wits Mining

Price History & Performance

Recent News & Updates

First half 2026 earnings released: AU$0.003 loss per share (vs AU$0.002 profit in 1H 2025)

Alicanto Minerals Limited (ASX:AQI) completed the acquisition of Mt Henry-Selene Gold Project from Westgold Resources Limited (ASX:WGX).

Alicanto Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 28.000019 million.

New major risk - Shareholder dilution

Alicanto Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 28 million.

New minor risk - Shareholder dilution

Recent updates

First half 2026 earnings released: AU$0.003 loss per share (vs AU$0.002 profit in 1H 2025)

Alicanto Minerals Limited (ASX:AQI) completed the acquisition of Mt Henry-Selene Gold Project from Westgold Resources Limited (ASX:WGX).

Alicanto Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 28.000019 million.

New major risk - Shareholder dilution

Alicanto Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 28 million.

New minor risk - Shareholder dilution

Alicanto Minerals Limited, Annual General Meeting, Nov 27, 2025

Alicanto Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 3.205 million.

Alicanto Minerals (ASX:AQI) Is In A Good Position To Deliver On Growth Plans

Full year 2025 earnings released: AU$0.001 loss per share (vs AU$0.009 loss in FY 2024)

New minor risk - Share price stability

New minor risk - Share price stability

First half 2025 earnings released: EPS: AU$0.002 (vs AU$0.005 loss in 1H 2024)

Alicanto Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 3 million.

Alicanto Minerals Limited Appoints Nicolle Fleming as A Company Secretary

New major risk - Shareholder dilution

Alicanto Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 3 million.

Alicanto Minerals Ltd Announces the Appointment of Ben Palich as Head of Corporate Development

Alicanto Minerals Limited, Annual General Meeting, Nov 28, 2024

Full year 2024 earnings released: AU$0.009 loss per share (vs AU$0.016 loss in FY 2023)

New minor risk - Financial data availability

Alicanto Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.1235 million.

First half 2024 earnings released: AU$0.005 loss per share (vs AU$0.009 loss in 1H 2023)

New major risk - Financial position

New minor risk - Share price stability

New minor risk - Share price stability

Alicanto Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 3 million.

New minor risk - Share price stability

Full year 2023 earnings released: AU$0.016 loss per share (vs AU$0.026 loss in FY 2022)

Alicanto Minerals Limited, Annual General Meeting, Nov 09, 2023

New major risk - Shareholder dilution

First half 2023 earnings released: AU$0.009 loss per share (vs AU$0.015 loss in 1H 2022)

Alicanto Minerals Ltd Receives Assay Results from Initial Drill Hole At Skyttgruvan-Naverberg Target At Falun Project

Alicanto Minerals Limited (ASX:AQI) entered into a binding agreement to acquire Falun copper/gold/zinc mine and surrounding tenements from Explora Mineral AB for AUD 0.2 million.

Alicanto Minerals Ltd Announces Drilling at the Greater Falun Project Intersects Visual Sulphide Mineralisation

Alicanto Minerals Limited Announces Company Secretary Change

Full year 2022 earnings released: AU$0.026 loss per share (vs AU$0.024 loss in FY 2021)

Alicanto Minerals Limited, Annual General Meeting, Nov 08, 2022

Alicanto Minerals Limited Announces Executive Changes

Alicanto Minerals Limited Ordinary Shares to Be Deleted from OTC Equity

Alicanto Minerals Limited Announce Maiden JORC 2012-Compliant Inferred Resource its Sala Zn-Ag-Pb Project (Sala) in Sweden

Alicanto Minerals Reports Significant High-Grade Assays Which Will Further Strengthen the Impending Maiden Jorc Resource At Its Sala Silver-Lead-Zinc-(Copper-Gold) Project in Sweden

First half 2022 earnings: Revenues and EPS in line with analyst expectations

Alicanto Minerals Limited Announces More Significant Results Extend Known Mineralisation At Sala

Full year 2021 earnings released: AU$0.024 loss per share (vs AU$0.008 loss in FY 2020)

Virgin Gold Corp. entered a sale agreement to acquire Arakaka Gold Project in Guyana from Alicanto Minerals Limited (ASX:AQI) for CAD 4.8 million.

Alicanto Minerals Limited Announces Drilling to Start At Historic Sala Silver Project in Sweden

First half 2021 earnings released: AU$0.018 loss per share (vs AU$0.004 loss in 1H 2020)

Alicanto Minerals Limited (ASX:AQI) acquired Sala silver project in Sweden.

What Can We Make Of Alicanto Minerals' (ASX:AQI) CEO Compensation?

Alicanto Minerals Limited Provides Drilling Update

Alicanto Minerals Limited announced that it expects to receive AUD 6 million in funding

Alicanto Minerals Limited Announces Maiden Resource of 500,000Oz at Arakaka Gold Project, Guyana

Alicanto Minerals Limited Announces Four New Copper Gold Anomalies

Full year earnings released - AU$0.008 loss per share

Alicanto Minerals Advises that Drilling Has Started At Its Greater Falun Copper-Gold Project in the World-Class Bergslagen Region of Sweden

Alicanto Minerals Limited announced that it has received AUD 1.425 million in funding

Alicanto Minerals Limited announced that it expects to receive AUD 1.425 million in funding

Shareholder Returns

Price Volatility

About the Company

Alicanto Minerals Limited Fundamentals Summary

Earnings & Revenue

Company Analysis and Financial Data Status