Diatreme Resources (ASX:DRX) - Stock Price, News & Analysis

DRX Stock Overview

Engages in the exploration and development of heavy mineral sands, copper, gold, and base metals in Australia. More details

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

Rewards

Price-To-Earnings ratio (10.8x) is below the Australian market (19.7x)

Earnings grew by 101% over the past year

Risk Analysis

High level of non-cash earnings

Makes less than USD$1m in revenue (A$474K)

Does not have a meaningful market cap (A$115M)

Shareholders have been diluted in the past year

Diatreme Resources Limited Competitors

PRL Global

ASX:PRG

AU$139.0m

AIC Mines

ASX:A1M

AU$195.7m

MLG Oz

ASX:MLG

AU$90.0m

Vysarn

ASX:VYS

AU$225.1m

Price History & Performance

Summary of all time highs, changes and price drops for Diatreme Resources
Historical stock prices
Current Share Price	AU$0.023
52 Week High	AU$0.031
52 Week Low	AU$0.015
Beta	0.57
11 Month Change	-11.54%
3 Month Change	-11.54%
1 Year Change	0%
33 Year Change	9.52%
5 Year Change	130.00%
Change since IPO	-86.47%

Recent updates

Why Diatreme Resources' (ASX:DRX) Healthy Earnings Aren’t As Good As They Seem

Mar 21

We Believe Diatreme Resources' (ASX:DRX) Earnings Are A Poor Guide For Its Profitability

Apr 01

How Much Did Diatreme Resources' (ASX:DRX) CEO Pocket Last Year?

Dec 06

Shareholder Returns

	DRX	AU Metals and Mining	AU Market
7D	-4.2%	-0.9%	1.5%
1Y	0%	-12.8%	17.2%

Return vs Industry: DRX exceeded the Australian Metals and Mining industry which returned -12.8% over the past year.

Return vs Market: DRX underperformed the Australian Market which returned 17.2% over the past year.

Price Volatility

Is DRX's price volatile compared to industry and market?
DRX volatility
DRX Average Weekly Movement	8.5%
Metals and Mining Industry Average Movement	10.9%
Market Average Movement	8.6%
10% most volatile stocks in AU Market	17.3%
10% least volatile stocks in AU Market	3.4%

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

Volatility Over Time: DRX's weekly volatility (9%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1991	n/a	Neil McIntyre	www.diatreme.com.au

Diatreme Resources Limited engages in the exploration and development of heavy mineral sands, copper, gold, and base metals in Australia. Its flagship property is the Northern Silica project located in the Far North Queensland. The company was incorporated in 1993 and is based in Coorparoo, Australia.

Diatreme Resources Limited Fundamentals Summary

How do Diatreme Resources's earnings and revenue compare to its market cap?
DRX fundamental statistics
Market cap	AU$115.19m
Earnings (TTM)	AU$10.65m
Revenue (TTM)	AU$474.40k

10.8x

P/E Ratio

242.8x

P/S Ratio

Is DRX overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
DRX income statement (TTM)
Revenue	AU$474.40k
Cost of Revenue	AU$0
Gross Profit	AU$474.40k
Other Expenses	-AU$10.18m
Earnings	AU$10.65m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.0021
Gross Margin	100.00%
Net Profit Margin	2,245.96%
Debt/Equity Ratio	1.2%

How did DRX perform over the long term?

See historical performance and comparison

DRX Stock Overview

Rewards

Risk Analysis

Diatreme Resources Limited Competitors

ASX:PRG

AU$139.0m

ASX:A1M

AU$195.7m

ASX:MLG

AU$90.0m

ASX:VYS

AU$225.1m

Price History & Performance

Recent News & Updates

Diatreme Resources Limited Announces Board Changes

Diatreme Resources Limited (ASX:DRX) acquired Metallica Minerals Limited (ASX:MLM) from Ilwella Pty Ltd and Sibelco Asia Pacific Pty Ltd for AUD 28 million.

First half 2024 earnings released: EPS: AU$0 (vs AU$0 in 1H 2023)

New minor risk - Shareholder dilution

Diatreme Resources Limited Announces the Resignation of Gregory Barry Starr as Non-Executive Director

Diatreme Resources Limited, Annual General Meeting, May 23, 2024

Recent updates

Diatreme Resources Limited Announces Board Changes

Diatreme Resources Limited (ASX:DRX) acquired Metallica Minerals Limited (ASX:MLM) from Ilwella Pty Ltd and Sibelco Asia Pacific Pty Ltd for AUD 28 million.

First half 2024 earnings released: EPS: AU$0 (vs AU$0 in 1H 2023)

New minor risk - Shareholder dilution

Diatreme Resources Limited Announces the Resignation of Gregory Barry Starr as Non-Executive Director

Diatreme Resources Limited, Annual General Meeting, May 23, 2024

Why Diatreme Resources' (ASX:DRX) Healthy Earnings Aren’t As Good As They Seem

New minor risk - Profit margin trend

First half 2023 earnings released: EPS: AU$0 (vs AU$0 in 1H 2022)

New major risk - Earnings quality

Less than half of directors are independent

Diatreme Resources Limited Appoints Ms Kara Keys as Non-Executive Director

New minor risk - Share price stability

We Believe Diatreme Resources' (ASX:DRX) Earnings Are A Poor Guide For Its Profitability

Full year 2022 earnings released: EPS: AU$0.001 (vs AU$0.001 loss in FY 2021)

Less than half of directors are independent

Diatreme Resources Limited Announces Drilling Results Increase Potential for Significant Resource Expansion At Northern Silica Project

Diatreme Resources Limited Announces Revised Export Pathway Advances for Galalar Project

Diatreme Resources Limited Identifies Further Export Optionality At Galalar Project

First half 2022 earnings released: EPS: AU$0 (vs AU$0 in 1H 2021)

Diatreme Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 17.270883 million.

Diatreme Resources Limited Signs MOU with Ports North on Northern Silica Project

Diatreme Resources Limited Announces Mining Lease Applications Lodged for Northern Silica Project

Diatreme Resources Limited announced that it expects to receive AUD 3.302788 million in funding from Ilwella Pty Ltd

Less than half of directors are independent

Diatreme Resources Limited Expands Northern Resource Project Exploration

Diatreme Resources Limited Discovers Second Major Regional High-Grade Silica Deposit

Diatreme Resources Limited Announces High Priority Northern Exploration Targets Progress Update

Diatreme Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 10.080001 million.

Diatreme Resources Limited announced that it expects to receive AUD 10 million in funding from Ilwella Pty Ltd and other investors

Diatreme Resources Limited Announces Further Advanced its Galalar Silica Project, Lodging Mining Lease Application

Full year 2020 earnings released: AU$0.001 loss per share (vs AU$0.001 loss in FY 2019)

Diatreme Resources Limited Announces Increase in the Total JORC Mineral Resource Estimate for its Galalar Silica Project in North Queensland

Diatreme Resources Limited Appoints Peter Brown as Chief Operating Officer (Coo) to Accelerate Galalar Silica Project

Diatreme Resources Limited Announces Further Progress At Its Galalar Silica Project in North Queensland

Diatreme Resources Limited Plans to Explore Two High Priority Silica Sand Areas Near Cape Flattery

Diatreme Resources Limited Announces Galalar EIS Study Progresses with Water Monitoring Underway

How Much Did Diatreme Resources' (ASX:DRX) CEO Pocket Last Year?

Diatreme Resources Limited Announces Further Progress in the Regulatory Approval Process for Its Galalar Silica Project

Diatreme Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 2.53 million.

Diatreme Resources Limited announced that it has received AUD 4.638628 million in funding from Ilwella Pty Ltd

Diatreme Resources Limited announced that it expects to receive AUD 4.64 million in funding from Ilwella Pty Ltd and other investors

Diatreme Resources Limited Announces Drilling Program Highlights Expansion Potential of Galalar Silica Project in North Queensland

First half earnings released

Shareholder Returns

Price Volatility

About the Company

Diatreme Resources Limited Fundamentals Summary

10.8x

242.8x

Earnings & Revenue