Accelerate Resources (ASX:AX8) - Stock Price, News & Analysis

AX8 Stock Overview

Accelerate Resources Limited operates as a mineral exploration company in Australia.

AX8 fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	0/6
Financial Health	4/6
Dividends	0/6

Rewards

Risk Analysis

Earnings have declined by 8.2% per year over past 5 years

Shareholders have been substantially diluted in the past year

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

Has less than 1 year of cash runway

+ 2 more risks

Accelerate Resources Limited Competitors

Metallica Minerals

ASX:MLM

AU$21.1m

Future Battery Minerals

ASX:FBM

AU$33.8m

Superior Resources

ASX:SPQ

AU$22.0m

Norwest Minerals

ASX:NWM

AU$19.6m

Price History & Performance

Summary of all time highs, changes and price drops for Accelerate Resources
Historical stock prices
Current Share Price	AU$0.048
52 Week High	AU$0.065
52 Week Low	AU$0.018
Beta	0.71
1 Month Change	20.00%
3 Month Change	65.52%
1 Year Change	84.62%
3 Year Change	2.13%
5 Year Change	45.45%
Change since IPO	-75.38%

Recent updates

Shareholders May Not Be So Generous With Accelerate Resources Limited's (ASX:AX8) CEO Compensation And Here's Why

Nov 01

Shareholder Returns

	AX8	AU Metals and Mining	AU Market
7D	11.6%	-0.7%	0.4%
1Y	84.6%	-1.7%	6.0%

Return vs Industry: AX8 exceeded the Australian Metals and Mining industry which returned -1.7% over the past year.

Return vs Market: AX8 exceeded the Australian Market which returned 6% over the past year.

Price Volatility

Is AX8's price volatile compared to industry and market?
AX8 volatility
AX8 Average Weekly Movement	14.1%
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: AX8's share price has been volatile over the past 3 months.

Volatility Over Time: AX8's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

Founded	Employees	CEO	Website
2017	n/a	Luke Meter	www.ax8.com.au

Accelerate Resources Limited operates as a mineral exploration company in Australia. It explores for manganese, gold, lithium deposits, and other minerals. Accelerate Resources Limited was incorporated in 2017 and is based in West Perth, Australia.

Accelerate Resources Limited Fundamentals Summary

How do Accelerate Resources's earnings and revenue compare to its market cap?
AX8 fundamental statistics
Market cap	AU$28.06m
Earnings (TTM)	-AU$2.46m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-11.9x

P/E Ratio

Is AX8 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
AX8 income statement (TTM)
Revenue	AU$0
Cost of Revenue	AU$0
Gross Profit	AU$0
Other Expenses	AU$2.46m
Earnings	-AU$2.46m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	-0.004
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0%

How did AX8 perform over the long term?

See historical performance and comparison

AX8 Stock Overview

Rewards

Risk Analysis

Accelerate Resources Limited Competitors

ASX:MLM

AU$21.1m

ASX:FBM

AU$33.8m

ASX:SPQ

AU$22.0m

ASX:NWM

AU$19.6m

Price History & Performance

Recent News & Updates

New major risk - Financial position

New major risk - Market cap size

Independent Non-Executive Chairman exercised options to buy AU$86k worth of stock.

Accelerate Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 3.61 million.

Accelerate Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 3.61 million.

Accelerate Resources Limited Announces Chief Executive Officer Changes

Recent updates

New major risk - Financial position

New major risk - Market cap size

Independent Non-Executive Chairman exercised options to buy AU$86k worth of stock.

Accelerate Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 3.61 million.

Accelerate Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 3.61 million.

Accelerate Resources Limited Announces Chief Executive Officer Changes

Accelerate Resources Limited Announces Chief Executive Officer Changes

Accelerate Resources Limited announced a financing transaction

Accelerate Resources Limited Completes A High-Resolution Aerial Imagery and Digital Elevation Survey Across the Prinsep Lithium Project

New major risk - Shareholder dilution

New major risk - Share price stability

Accelerate Resources Limited (ASX:AX8) has conditionally agreed to acquire Mt Sholl Holdings Pty Ltd from Grant Mooney, Mark Thompson and Philippa Jean Laufmann for AUD 0.83 million.

Accelerate Resources Limited (ASX:AX8) entered into binding Agreement to acquire 75% stake in Roebourne South and Mt Sholl East Lithium Projects from Welcome Exploration Pty Ltd and Donald Kimberley North for AUD 0.24 million.

Accelerate Resources Limited, Annual General Meeting, Nov 28, 2023

Accelerate Resources Limited Appoints Steve Bodon as Technical Director

Accelerate Resources Limited Appoints Steve Bodon as Technical Director

Accelerate Resources Limited Identifies Multiple Corridors of Manganese Mineralization

Accelerate Resources Limited Reports Encouraging New Results from Its Phase 2 Drilling Campaign At the Woodie Woodie North Manganese Project in Western Australia's Pilbara

Accelerate Resources Limited Announces Maiden Reconnaissance Work At Its 100%-Owned East Pilbara Lithium Project Has Confirmed the Presence of Significant Outcrops of Pegmatite Dykes with the Potential for Lithium Mineralisation

Accelerate Resources Limited Announces Drilling Confirms Continuity of High Grade Surface Manganese

Accelerate Resources Limited Announces the Commencement of the Phase Two Drilling Program at the Company's Woodie Woodie North Manganese Project in the Pilbara

Accelerate Resources Limited, Annual General Meeting, Nov 30, 2022

Accelerate Resources Limited Provides an Exploration Update on the Company's Lithium Projects in the East Pilbara

Accelerate Resources Limited Announces Maiden Drilling Discovers Thick Mineralisation at the Woodie Woodie North Manganese Project

Accelerate Resources Limited Reports Positive Results from Baseline Metallurgical Test Work on A Bulk Surface Sample from the Braeside West Prospect

Accelerate Resources Limited Commences Limited Maiden Manganese Drilling at Woodie Woodie North

Accelerate Resources Limited Presents the Results of Historical Beneficiation Test Work from the Woodie Woodie North Manganese Project in Western Australia

Accelerate Resources Limited Announces Maiden Inferred Mineral Resource Estimate of Approximately of 12.5Mt of Kaolinised Granite

Accelerate Resources Limited (ASX:AX8) entered into a binding Sale and Purchase Agreement to acquire Attstar Pty Ltd for AUD 0.47 million.

Accelerate Resources Limited (ASX:AX8) entered into a binding Sale and Purchase Agreement to acquire Attstar Pty Ltd for AUD 0.47 million.

Accelerate Executes an Agreement to Acquire East Pilbara Barramine Manganese Project

Accelerate Resources Limited Provides Update on High-Resolution Imagery and Lidar Survey Covering the Braeside West Manganese Project

Accelerate Resources Limited Appoints Steve Bodon as A Non-Executive Director

Accelerate Resources Limited Provides Update on Exploration Activities At Braeside West Manganese Project

Vytas Resources Pty Ltd completed the acquisition of Halcyon Resources Pty Ltd from Accelerate Resources Limited (ASX:AX8).

Shareholders May Not Be So Generous With Accelerate Resources Limited's (ASX:AX8) CEO Compensation And Here's Why

Accelerate Resources Limited announced that it expects to receive AUD 3.1 million in funding

Mt Monger Resources Ltd acquired Mt Monger Gold Project from Accelerate Resources Limited (ASX:AX8) for AUD 0.23 million.

Accelerate Resources Limited Announces Metallurgical Test Results

Accelerate Resources Limited Receives Assay Results from 3 Diamond Drill Holes from its Winter 2020 Drilling Campaign at the Rossland Gold Project

Accelerate Resources Limited Announces Comet Gold Project Mineralisation Extended

Accelerate Resources Limited Appoints Richard Hill as Independent, Non-Executive Chairman

Accelerate Resources Limited Commences Drilling at the Rossland Gold Project, BC Canada

Accelerate Resources Limited Announces Appointment of Kevin Joyce as Exploration Manager

Accelerate Resources Limited Announces EM Anomalies Enhance Prospectivity at Rossland Gold Project

Accelerate Resources Announces Completion of Drilling At Comet Gold Project

Accelerate Resources Limited announced that it has received AUD 1 million in funding

Accelerate Resources Limited announced that it expects to receive AUD 1.7 million in funding

Accelerate Resources Limited announced that it expects to receive AUD 1 million in funding

Shareholder Returns

Price Volatility

About the Company

Accelerate Resources Limited Fundamentals Summary

0.0x

-11.9x

Earnings & Revenue