Delta Lithium (ASX:DLI) - Stock Price, News & Analysis

DLI Stock Overview

Explores for and develops lithium and gold properties in Western Australia. More details

DLI fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	2/6
Past Performance	0/6
Financial Health	5/6
Dividends	0/6

Risk Analysis

Has less than 1 year of cash runway

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

Shareholders have been diluted in the past year

Does not have a meaningful market cap (A$140M)

Delta Lithium Limited Competitors

PRL Global

ASX:PRG

AU$139.0m

Essential Metals

ASX:ESS

AU$135.3m

American Rare Earths

ASX:ARR

AU$137.6m

Strandline Resources

ASX:STA

AU$138.9m

Price History & Performance

Summary of all time highs, changes and price drops for Delta Lithium
Historical stock prices
Current Share Price	AU$0.20
52 Week High	AU$0.51
52 Week Low	AU$0.15
Beta	0.22
11 Month Change	-18.75%
3 Month Change	-13.33%
1 Year Change	-58.06%
33 Year Change	-73.29%
5 Year Change	116.67%
Change since IPO	-25.00%

Is Delta Lithium (ASX:DLI) In A Good Position To Invest In Growth?

Sep 27

Recent updates

Is Delta Lithium (ASX:DLI) In A Good Position To Invest In Growth?

Sep 27

Will Delta Lithium (ASX:DLI) Spend Its Cash Wisely?

May 29

Shareholder Returns

	DLI	AU Metals and Mining	AU Market
7D	-4.9%	0.1%	1.2%
1Y	-58.1%	-9.9%	19.7%

Return vs Industry: DLI underperformed the Australian Metals and Mining industry which returned -9.9% over the past year.

Return vs Market: DLI underperformed the Australian Market which returned 19.7% over the past year.

Price Volatility

Is DLI's price volatile compared to industry and market?
DLI volatility
DLI Average Weekly Movement	10.3%
Metals and Mining Industry Average Movement	11.0%
Market Average Movement	8.6%
10% most volatile stocks in AU Market	17.5%
10% least volatile stocks in AU Market	3.2%

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

Volatility Over Time: DLI's weekly volatility (10%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2003	n/a	James Croser	www.deltalithium.com.au

Delta Lithium Limited explores for and develops lithium and gold properties in Western Australia. Its flagship project is the Mt Ida lithium project that comprises of 30 tenements located to the north-west of Menzies in Western Australia. The company was formerly known as Red Dirt Metals Limited and changed its name to Delta Lithium Limited in April 2023.

Delta Lithium Limited Fundamentals Summary

How do Delta Lithium's earnings and revenue compare to its market cap?
DLI fundamental statistics
Market cap	AU$132.56m
Earnings (TTM)	-AU$12.49m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-11.2x

P/E Ratio

Is DLI overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
DLI income statement (TTM)
Revenue	AU$0
Cost of Revenue	AU$0
Gross Profit	AU$0
Other Expenses	AU$12.49m
Earnings	-AU$12.49m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.017
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0%

How did DLI perform over the long term?

See historical performance and comparison

DLI Stock Overview

Risk Analysis

Delta Lithium Limited Competitors

ASX:PRG

AU$139.0m

ASX:ESS

AU$135.3m

ASX:ARR

AU$137.6m

ASX:STA

AU$138.9m

Price History & Performance

Recent News & Updates

Delta Lithium Limited Announces Board Changes

New minor risk - Market cap size

New major risk - Revenue and earnings growth

Delta Lithium Limited, Annual General Meeting, Nov 27, 2024

Is Delta Lithium (ASX:DLI) In A Good Position To Invest In Growth?

New minor risk - Market cap size

Recent updates

Delta Lithium Limited Announces Board Changes

New minor risk - Market cap size

New major risk - Revenue and earnings growth

Delta Lithium Limited, Annual General Meeting, Nov 27, 2024

Is Delta Lithium (ASX:DLI) In A Good Position To Invest In Growth?

New minor risk - Market cap size

New major risk - Financial position

New minor risk - Market cap size

Will Delta Lithium (ASX:DLI) Spend Its Cash Wisely?

New minor risk - Profitability

Forecast to breakeven in 2026

New minor risk - Profitability

Price target decreased by 26% to AU$0.70

Price target decreased by 37% to AU$0.85

Delta Lithium Limited has filed a Follow-on Equity Offering in the amount of AUD 70.151922 million.

Delta Lithium Limited has filed a Follow-on Equity Offering in the amount of AUD 70.151922 million.

New minor risk - Profitability

Delta Lithium Limited, Annual General Meeting, Nov 29, 2023

Delta Lithium Limited Announces Executive Changes

High number of new and inexperienced directors

Delta Lithium Limited Appoints Steven Kovac as Non-Executive Director

Delta Lithium Limited, Annual General Meeting, Aug 28, 2023

Price target increased by 19% to AU$1.25

Delta Lithium Announces Drilling Results At Yinnetharra

New major risk - Shareholder dilution

Delta Lithium Limited announced that it has received AUD 46.43747 million in funding from Idemitsu Australia Pty Ltd

Delta Lithium Limited Announces Executive Changes

Forecast to breakeven in 2023

Forecast to breakeven in 2023

Price target increased by 14% to AU$1.03

Red Dirt Metals Limited Announces an Update for its Wholly Owned Mt Ida Lithium Project

Red Dirt Metals Limited Announces an Update on Drilling at the Yinnetharra Lithium Project

Red Dirt Metals Limited Provides an Update on Mt Ida Lithium Project and the Yinnetharra Lithium Project

Red Dirt Metals Limited Announces an Update on Drilling At the Yinnetharra Lithium Project

Red Dirt Metals Limited Announces Key Appointments to Advance Mt Ida Lithium Project

Price target increased to AU$1.05

High number of new and inexperienced directors

High number of new and inexperienced directors

Red Dirt Metals Limited Announces Yinnetharra Drilling to Commence

Red Dirt Metals Limited Announces Resignation of Gower He as Executive Director, Effective 1 November 2022

Red Dirt Metals Limited Announces the Maiden High-Grade Lithium Mineral Resource Estimate At the Mt Ida Lithium Project in the Eastern Goldfields Region of Western Australia

Red Dirt Metals Limited, Annual General Meeting, Nov 25, 2022

Red Dirt Metals Limited Appoints Daniel Kendall as Chief Financial Officer

Red Dirt Metals Limited Updates on Diamond Drilling At the Mt Ida Lithium Project

Anova Metals Limited (ASX:AWV) completed the acquisition of Warriedar Gold Project from Red Dirt Metals Limited (ASX:RDT).

Red Dirt Metals Limited (ASX:RDT) agreed to acquire Electrostate Limited for AUD 0.18 million.

Red Dirt Metals Limited (ASX:RDT) agreed to acquire Electrostate Limited.

Red Dirt Metals Limited Appoints David Flanagan as Director

Anova Metals Limited (ASX:AWV) entered into an agreement to acquire Warriedar Gold Project from Red Dirt Metals Limited (ASX:RDT) for AUD 1.6 million.

High number of new and inexperienced directors

Red Dirt Metals Limited Provides Update on Recent Diamond and RC Drilling from the Sparrow North Lithium Discovery and the Results from the Extensive Regional Soil Geochemistry Program Completed over the Mt Ida Tenure

High number of new and inexperienced directors

Red Dirt Metals Limited Announces Further Outstanding Drill Assays Inc. 5.6M @ 52.7G/T Au

Red Dirt Metals Limited Provides Update on First 3 Diamond Core Assays Received from its Mt Ida Lithium Gold Project

Red Dirt Metals Limited Appoints Mr. Jiahe "Gower" He as Executive Director of Corporate Development to the Board, effective 20 June 2022

Red Dirt Metals Limited to Provide an Update on the Second Batch of Assays Received from Its Mt Ida Lithium/Gold Project

Red Dirt Metals Limited Announces Management Changes

Red Dirt Metals Limited announced that it expects to receive AUD 22 million in funding

Red Dirt Metals Limited Reports Maiden Rc Lithium Results from Mt Ida

Red Dirt Metals Limited Reports the Results from the Third Reverse Circulation Drilling Program at its 100% Owned Eureka Gold Project 50Km North of Kalgoorlie