Askari Metals (ASX:AS2) - Stock Price, News & Analysis

AS2 Stock Overview

Askari Metals Limited engages in the acquisition, exploration, and development of lithium, copper, gold, and copper-gold projects in Western Australia, Northern Territory, and New South Wales.

About the company

AS2 fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	4/6
Dividends	0/6

Rewards

Revenue grew by 47.5% over the past year

Risk Analysis

Does not have a meaningful market cap (A$5M)

Makes less than USD$1m in revenue (A$19K)

Shareholders have been diluted in the past year

Askari Metals Limited Competitors

OAR Resources

ASX:OAR

AU$6.3m

Golden Deeps

ASX:GED

AU$4.4m

Protean Energy

ASX:POW

AU$5.2m

Conico

ASX:CNJ

AU$1.8m

Price History & Performance

Summary of all time highs, changes and price drops for Askari Metals
Historical stock prices
Current Share Price	AU$0.049
52 Week High	AU$0.46
52 Week Low	AU$0.048
Beta	0.99
1 Month Change	-23.44%
3 Month Change	-63.70%
1 Year Change	-86.93%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-78.70%

Recent updates

Shareholder Returns

	AS2	AU Metals and Mining	AU Market
7D	-3.9%	0.05%	0.9%
1Y	-86.9%	-2.1%	5.6%

Return vs Industry: AS2 underperformed the Australian Metals and Mining industry which returned -2.1% over the past year.

Return vs Market: AS2 underperformed the Australian Market which returned 5.6% over the past year.

Price Volatility

Is AS2's price volatile compared to industry and market?
AS2 volatility
AS2 Average Weekly Movement	11.5%
Metals and Mining Industry Average Movement	12.4%
Market Average Movement	8.9%
10% most volatile stocks in AU Market	17.6%
10% least volatile stocks in AU Market	3.5%

Stable Share Price: AS2's share price has been volatile over the past 3 months.

Volatility Over Time: AS2's weekly volatility (12%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2020	n/a	n/a	www.askarimetals.com

Askari Metals Limited engages in the acquisition, exploration, and development of lithium, copper, gold, and copper-gold projects in Western Australia, Northern Territory, and New South Wales. It also explores for rare earth element. The company’s flagship asset is Uis Lithium project covering an area of 308.12 square kilometers located in the west-central Namibia, Africa.

Askari Metals Limited Fundamentals Summary

How do Askari Metals's earnings and revenue compare to its market cap?
AS2 fundamental statistics
Market cap	AU$4.98m
Earnings (TTM)	-AU$5.93m
Revenue (TTM)	AU$18.96k

252.5x

P/S Ratio

-0.8x

P/E Ratio

Is AS2 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
AS2 income statement (TTM)
Revenue	AU$18.96k
Cost of Revenue	AU$0
Gross Profit	AU$18.96k
Other Expenses	AU$5.95m
Earnings	-AU$5.93m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	-0.061
Gross Margin	100.00%
Net Profit Margin	-31,273.19%
Debt/Equity Ratio	6.1%

How did AS2 perform over the long term?

See historical performance and comparison

AS2 Stock Overview

Rewards

Risk Analysis

Askari Metals Limited Competitors

ASX:OAR

AU$6.3m

ASX:GED

AU$4.4m

ASX:POW

AU$5.2m

ASX:CNJ

AU$1.8m

Price History & Performance

Recent News & Updates

Askari Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 1.90546 million.

Askari Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 1.600001 million.

Askari Metals Limited Announces Directorate Changes

Askari Metals Limited, Annual General Meeting, Nov 24, 2023

Askari Metals Limited (ASX:AS2) acquired AstralL Dynamix from AstralL Dynamix Mining Investment CC.

New major risk - Financial position

Recent updates

Askari Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 1.90546 million.

Askari Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 1.600001 million.

Askari Metals Limited Announces Directorate Changes

Askari Metals Limited, Annual General Meeting, Nov 24, 2023

Askari Metals Limited (ASX:AS2) acquired AstralL Dynamix from AstralL Dynamix Mining Investment CC.

New major risk - Financial position

Askari Metals Limited (ASX:AS2) signed an agreement to acquire AstralL Dynamix from AstralL Dynamix Mining Investment CC for AUD 0.375 Million.

Askari Metals Limited Appoints Cliff Fitzhenry to the New Role of Chief Exploration and Project Manager (Africa)

Askari Metals Limited (ASX:AS2) completed the acquisition of remaining 10% interest in Uis Lithium-Tantalum-Tin Project, located in Namibia, Africa from Jenny Eliane van der Walt.

Askari Metals Limited (ASX:AS2) completed the acquisition of remaining 10% interest in Uis Lithium-Tantalum-Tin Project, located in Namibia, Africa from Jenny Eliane van der Walt.

Askari Metals Limited Commences its Phase I RC Drilling Program on Exclusive Prospecting Licence

Askari Metals Limited Announces High Grade Lithium, Tin and Tantalum Results At EPL 8535

Askari Metals Limited Announces Project-Wide Detailed Exploration Underway at Uis Li Project

Askari Metals Limited Announces Results of the Recently Completed Field Reconnaissance Program At the Company's 100% Owned Barrow Creek Lithium Project

Askari Metals Limited Completes Inaugural RC Drilling Campaign at the Horry Copper and Gold Project

Askari Metals Limited Announces Completion of Phase I Rc Drilling Program At Uis Lithium Project in Namibia, Africa

Askari Metals Limited (ASX:AS2) entered into a binding acquisition agreement to acquire 80% stake in EPL 8535 Lithium Project from Earth Dimensions Consulting (Pty) Ltd for AUD 1.6 million.

Askari Metals Limited Announces Uis Lithium Project RC Drilling Program Underway

Less than half of directors are independent

Askari Metals Limited Commences Extensive Soil Auger Drilling and Reconnaissance Campaign At the 100% Owned Myrnas Hill Lithium Project

Askari Metals Limited (ASX:AS2) executed a Binding Heads of Agreement (HoA) to acquire 90% interest in Exclusive Prospecting Licence (EPL) 7345, known as the Uis Lithium-Tantalum-Tin Project, located in Namibia, Africa from LexRox Exploration Services (Pty) Ltd for AUD 2.35 million.

Askari Metals Limited Announces High-Grade Gold Intersects in Final Results At Burracoppin

Askari Metals Limited Announces High-Grade Gold Intersects in Final Results At Burracoppin

Askari Metals Limited, Annual General Meeting, Nov 18, 2022

Askari Metals Limited Completes High-Definition Drone Magnetic Survey At the Company's 100%-Owned Callawa Copper Project

Askari Metals Receives Results from the Second Tranche of Assays from Its Phase III RC Drilling Program Completed on Its 100% Owned Burracoppin Gold Project

Askari Metals Limited (ASX:AS2) entered into a binding acquisition agreement to acquire Talga East Lithium Project from Mining Equities Pty Ltd for AUD 0.13 million.

Askari Metals Limited (ASX:AS2) entered into a binding acquisition agreement to acquire Talga East Lithium Project from Mining Equities Pty Ltd for AUD 0.13 million.

Askari Metals Announces Multiple Extensive Lithium Targets Identified At Myrnas Hill

Askari Metals Limited Announces Significant REE Targets Identified at Red Peak, Gascoyne WA

Askari Metals Limited Receives the Results for the First Nine (9) Holes Out of A Total of Forty (40) Holes Drilled as Part of the Phase III RC Drilling Program Completed on its 100% Owned Burracoppin Gold Project

Askari Metals Limited Commences its Inaugural Exploration Drilling Campaign at its 100% Owned Horry Copper and Gold Project in the Kimberley Region of Western Australia

Askari Metals Limited Announces South Central Barrow Creek Field Program Complete

Askari Metals Limited Accepts the Resignation of Non-Executive Director Brendan Cummins and David Greenwood

Askari Metals Limited (ASX:AS2) agreed to acquire Myrnas Hill Lithium Project from Raiden Resources Limited (ASX:RDN) for AUD0.2 million.

Askari Metals Limited Announces the Results of Its Phase I Project-Wide Lithium Mapping and Sampling Exploration Campaign Completed At the 100% Owned Yarrie Lithium Project Located in the East-Pilbara Region of Western Australia

Askari Metals Announces the Results of Detailed Gold Loaming / Stream Sediment Sampling Campaign At Company's Owned Horry Copper and Gold Project Located in the Kimberley Region of Western Australia

Askari Metals Limited Announces the Results of the Phase Iii Rock Sampling Campaign

Askari Metals Limited Completes Its Phase III RC Drilling Program on Its 100% Owned Burracoppin Gold Project Located in the Wheatbelt Region of Western Australia

Askari Metals Limited Announces Further High-Grade Assay Results from Phase II RC Drilling at the Burracoppin Gold Project, WA

Less than half of directors are independent

Askari Metals Limited Completes Second Phase On-Ground Exploration Complete At Barrow Creek Lithuim Project

Less than half of directors are independent

Askari Metals Limited Announces Completion of Second Phase of RC Drilling on Its 100% Owned Burracoppin Gold Project

Askari Metals Limited Appoints Chris Evans as Technical Director - Lithium

Askari Commences Phase II Drilling Program at Burracoppin

Askari Metals Limited Announces Excellent Copper Gold Results from Phase II Horry Program

Askari Metals Limited Announces Reconnaissance Field Program Completed Ahead of RC Drilling Program at the Burracoppin Gold Project

Insider recently bought AU$113k worth of stock

Askari Metals Limited has completed an IPO in the amount of AUD 5.7292 million.

Shareholder Returns

Price Volatility

About the Company

Askari Metals Limited Fundamentals Summary

252.5x

-0.8x

Earnings & Revenue