Anson Resources (ASN) Stock Overview

Anson Resources Limited, critical minerals company, engages in exploration and development of natural resources in the United States and Australia. More details

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

Risk Analysis

Earnings have declined by 15.1% per year over past 5 years

Makes less than USD$1m in revenue (A$0)

Does not have a meaningful market cap (A$73M)

ASN Community Fair Values

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Anson Resources Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for Anson Resources
Historical stock prices
Current Share Price	AU$0.045
52 Week High	AU$0.12
52 Week Low	AU$0.041
Beta	-0.34
1 Month Change	-2.17%
3 Month Change	-4.26%
1 Year Change	-41.56%
3 Year Change	-70.00%
5 Year Change	-49.44%
Change since IPO	-75.00%

Recent updates

Analysis Article • Oct 09

We Think Anson Resources (ASX:ASN) Can Afford To Drive Business Growth

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although...

Shareholder Returns

	ASN	AU Metals and Mining	AU Market
7D	0%	-0.08%	0.003%
1Y	-41.6%	35.3%	-2.0%

Return vs Industry: ASN underperformed the Australian Metals and Mining industry which returned 35.3% over the past year.

Return vs Market: ASN underperformed the Australian Market which returned -2% over the past year.

Price Volatility

Is ASN's price volatile compared to industry and market?
ASN volatility
ASN Average Weekly Movement	7.0%
Metals and Mining Industry Average Movement	11.0%
Market Average Movement	9.5%
10% most volatile stocks in AU Market	16.6%
10% least volatile stocks in AU Market	3.9%

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

Volatility Over Time: ASN's weekly volatility has decreased from 12% to 7% over the past year.

About the Company

Founded	Employees	CEO	Website
2009	n/a	Bruce Richardson	www.ansonresources.com

Anson Resources Limited, critical minerals company, engages in exploration and development of natural resources in the United States and Australia. The company explores for lithium, bromine, boron, iodine, zinc, lead, silver, nickel, cobalt laterite, vanadium, and uranium deposits. Its flagship property is the Green River Lithium Project that comprises a total of 1,251 placer claims over a total area of 106.2 square kilometers located in Utah, the United States.

Anson Resources Limited Fundamentals Summary

How do Anson Resources's earnings and revenue compare to its market cap?
ASN fundamental statistics
Market cap	AU$71.26m
Earnings (TTM)	-AU$7.01m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-10.4x

P/E Ratio

Is ASN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ASN income statement (TTM)
Revenue	AU$0
Cost of Revenue	AU$245.28k
Gross Profit	-AU$245.28k
Other Expenses	AU$6.77m
Earnings	-AU$7.01m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)	-0.0043
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0.6%

How did ASN perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/09/21 14:58
End of Day Share Price	2026/09/21 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 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

Anson Resources Limited is covered by 1 analysts. 0 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
Tate Sullivan	Maxim Group

Anson Resources (ASN) Stock Overview

Risk Analysis

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Anson Resources Limited Competitors

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Price History & Performance

Recent News & Updates

Anson Resources Ltd Announces Resignation of Matt Beattie from Chief Financial Officer, Effective November 2, 2026

Anson Resources Limited Completes Front-End Planning Stage 1 Scoping Study for Green River Lithium Project

New major risk - Share price stability

New minor risk - Shareholder dilution

Anson Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 14 million.

Anson Resources Limited, Annual General Meeting, Nov 26, 2025

Recent updates

Anson Resources Ltd Announces Resignation of Matt Beattie from Chief Financial Officer, Effective November 2, 2026

Anson Resources Limited Completes Front-End Planning Stage 1 Scoping Study for Green River Lithium Project

New major risk - Share price stability

New minor risk - Shareholder dilution

Anson Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 14 million.

Anson Resources Limited, Annual General Meeting, Nov 26, 2025

New minor risk - Financial data availability

New minor risk - Share price stability

Anson Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 5 million.

New major risk - Revenue and earnings growth

Anson Limited Commences Downstream Polishing of Green River Lithium Chloride

Anson Resources Limited Announces DLE Pilot Delivering Leading Results

New major risk - Financial position

New minor risk - Shareholder dilution

Anson Resources Limited, Annual General Meeting, Nov 08, 2024

New minor risk - Financial data availability

Anson Resources Limited Receives Final Approval for Brine Extraction At Its Green River Lithium Project

Anson Resources Limited (ASX:ASN) acquired ELA66/131.

New minor risk - Market cap size

New minor risk - Share price stability

New minor risk - Share price stability

New major risk - Financial position

Anson Resources Limited (ASX:ASN) completed the acquisition of Green Energy Lithium Project from Legacy Lithium (Utah) LLC.

We Think Anson Resources (ASX:ASN) Can Afford To Drive Business Growth

Anson Resources Limited, Annual General Meeting, Nov 03, 2023

Anson Resources Limited Reports Major Resource Upgrade at Paradox Lithium Project

Anson Resources Limited (ASX:ASN) entered into a definitive agreement to acquire Green Energy Lithium Project from Legacy Lithium (Utah) LLC.

Anson Resources Limited Announces Exploration Target Confirmed At Green River Lithium Project

Anson Resources Limited Anson Delivers Successful DLE Test Results on Mississippian Brines at Paradox Lithium Project

Anson Resources Limited Stakes Major New Strategic Lithium Brine Project in Paradox Basin in Utah

Anson Resources Limited Receives Approval for Western Resource Expansion Drilling Program At Paradox Lithium Project in Utah, USA

Anson Resources Limited Appoints Timothy Murray as Chief Operating Officer

No independent directors

Anson Delivers 1Mt Lce Mineral Resource At Paradox Lithium Project

Anson Resources Limited Delivers 25% Increase in Lithium Grades in Drilling of Mississippian Units at Cane Creek 32-1 Well

Anson Resources Limited, Annual General Meeting, Nov 14, 2022

Anson Resources Limited Announces Discovery of New Lithium-Rich Horizons At Cane Creek 32-1 Well

Anson Resources Limited announced that it expects to receive AUD 50 million in funding

Anson Resources Limited Completes Resource Drilling At Cane Creek 32-1 Well

Anson Resources Limited Announces Completion of the Definitive Feasibility Study for Phase 1 of Paradox Lithium Project

Anson Resources Limited Reports Major Resource Upgrade At Paradox

Anson Resources Limited Drills Additional New Zones at Priority Cane Creek 32-1 Well in its Ongoing Resource Expansion Drilling Program at its Paradox Lithium Project in Utah, USA

Anson Confirms Resource Expansion Potential of Western Expansion Claims at Paradox Lithium Project

Anson Resources Limited Increases Lithium Grades at Paradox Project

Anson Resources Limited Delivers Further 87% Increase in Lithium Grades in Drilling of Mississippian Units At Long Canyon No. 2

Anson Resources Limited Delivers Additional High Lithium Results in Drilling At Paradox Lithium Project

Anson Resources Limited Increases Flow Rates by >140% in Drilling at Paradox Lithium Project

Anson Resources Limited Announces That Mississippian Unit At LC2 Deliverd 25% Increase in Lithium

Anson Resources Limited Plans to Expedite its JORC Resource Upgrade At the Paradox Lithium Project in Utah, USA

Anson Resources Limited Completes Drilling At Long Canyon No.2

Anson Resources Limited Provides the Update to the Development Strategy of the Paradox Lithium Project in Utah, in the USA

Anson Resources Limited Announces the Collection of Its First Brine Sample from Drilling At the Long Canyon Unit 2 Well

Anson Resources Limited Announces Approvals for Next Phase Resource Expansion Drilling

Anson Resources Limited Confirms High Pressure and Increased Flow Rates At Long Canyon Unit 2 Well

Anson Resources Limited Provides Resource Expansion Drilling Program Update

No independent directors

Anson Resources Limited Announces Resource Expansion Drilling Campaign to Commence at Paradox Lithium Brine Project

Anson Resources Limited Increases Resource Expansion Program at Paradox Lithium Project

Anson Resources Limited to Commence Resource Expansion Program At Paradox

Anson Resources Limited Announces Lithium Bromine New Production Wells Update

Anson Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 7.357322 million.

Anson Resources Limited announced that it expects to receive AUD 7.357322 million in funding

Anson Resources Limited Receives Positive NOVONIX Battery Test Work Results