Accelerate Resources Limited operates as an exploration company in Canada and Western Australia.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.044|
|52 Week High||AU$0.028|
|52 Week Low||AU$0.14|
|1 Month Change||0%|
|3 Month Change||25.71%|
|1 Year Change||-49.43%|
|3 Year Change||-54.17%|
|5 Year Change||n/a|
|Change since IPO||-77.44%|
Recent News & Updates
|AX8||AU Metals and Mining||AU Market|
Return vs Industry: AX8 underperformed the Australian Metals and Mining industry which returned 10.1% over the past year.
Return vs Market: AX8 underperformed the Australian Market which returned 19.3% over the past year.
Stable Share Price: AX8 is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 12% a week.
Volatility Over Time: AX8's weekly volatility (12%) has been stable over the past year.
About the Company
Accelerate Resources Limited operates as an exploration company in Canada and Western Australia. The company explores for gold, copper, and silver deposits. It holds 100% interests in the Comet Gold Project comprising five granted exploration licenses that covers 220 square kilometers located at the southern end of the Tuckabianna Shear Zone; and Tambellup Kaolin Project, including two granted exploration licenses covering an area of 242 km2 in the Southwest of Western Australia.
Accelerate Resources Fundamentals Summary
|AX8 fundamental statistics|
Is AX8 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|AX8 income statement (TTM)|
|Cost of Revenue||AU$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.017|
|Net Profit Margin||-3,058.40%|
How did AX8 perform over the long term?See historical performance and comparison
Is Accelerate Resources undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate AX8's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate AX8's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: AX8 is unprofitable, so we can't compare its PE Ratio to the Australian Metals and Mining industry average.
PE vs Market: AX8 is unprofitable, so we can't compare its PE Ratio to the Australian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate AX8's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: AX8 is good value based on its PB Ratio (2.4x) compared to the AU Metals and Mining industry average (2.5x).
How is Accelerate Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Materials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Accelerate Resources has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has Accelerate Resources performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AX8 is currently unprofitable.
Growing Profit Margin: AX8 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: AX8 is unprofitable, and losses have increased over the past 5 years at a rate of 32.7% per year.
Accelerating Growth: Unable to compare AX8's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: AX8 is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (35.3%).
Return on Equity
High ROE: AX8 has a negative Return on Equity (-92.76%), as it is currently unprofitable.
How is Accelerate Resources's financial position?
Financial Position Analysis
Short Term Liabilities: AX8's short term assets (A$2.3M) exceed its short term liabilities (A$143.9K).
Long Term Liabilities: AX8 has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: AX8 is debt free.
Reducing Debt: AX8 has not had any debt for past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: AX8 has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: AX8 has less than a year of cash runway if free cash flow continues to grow at historical rates of 9.7% each year.
What is Accelerate Resources's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate AX8's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate AX8's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if AX8's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if AX8's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of AX8's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Ms. Yaxi Zhan serves as the Managing Director of Accelerate Resources Ltd. since March 07, 2017 and serves as its Founding Director since March 07, 2017. Ms. Zhan has an experience in the resources sector...
CEO Compensation Analysis
Compensation vs Market: Yaxi's total compensation ($USD208.35K) is below average for companies of similar size in the Australian market ($USD300.24K).
Compensation vs Earnings: Yaxi's compensation has increased whilst the company is unprofitable.
Experienced Management: AX8's management team is considered experienced (2.7 years average tenure).
Experienced Board: AX8's board of directors are considered experienced (4.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 36.7%.
Accelerate Resources Limited's employee growth, exchange listings and data sources
- Name: Accelerate Resources Limited
- Ticker: AX8
- Exchange: ASX
- Founded: 2017
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: AU$8.613m
- Shares outstanding: 195.75m
- Website: https://www.ax8.com.au
- Accelerate Resources Limited
- Unit 4
- Ground Floor, Suite 1
- West Perth
- Western Australia
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/15 15:53|
|End of Day Share Price||2021/10/15 00:00|
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 here.