EQ Resources (ASX:EQR) - Stock Price, News & Analysis

EQR Stock Overview

Explores for and produces tungsten and gold mineral resources in Queensland and New South Wales, Australia. More details

EQR fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	1/6
Dividends	0/6

Risk Analysis

Has less than 1 year of cash runway

Earnings have declined by 56.1% per year over past 5 years

Shareholders have been diluted in the past year

Does not have a meaningful market cap (A$116M)

EQ Resources Limited Competitors

Lake Resources

ASX:LKE

AU$83.4m

Australian Strategic Materials

ASX:ASM

AU$91.6m

PRL Global

ASX:PRG

AU$139.0m

Kingston Resources

ASX:KSN

AU$65.1m

Price History & Performance

Summary of all time highs, changes and price drops for EQ Resources
Historical stock prices
Current Share Price	AU$0.052
52 Week High	AU$0.075
52 Week Low	AU$0.032
Beta	0.39
11 Month Change	13.04%
3 Month Change	36.84%
1 Year Change	-22.39%
33 Year Change	-24.64%
5 Year Change	-1.89%
Change since IPO	-75.24%

Lacklustre Performance Is Driving EQ Resources Limited's (ASX:EQR) Low P/S

Nov 21

Here's Why EQ Resources (ASX:EQR) Can Afford Some Debt

Oct 02

Recent updates

Shareholder Returns

	EQR	AU Metals and Mining	AU Market
7D	10.6%	-0.9%	1.5%
1Y	-22.4%	-12.8%	17.2%

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

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

Price Volatility

Is EQR's price volatile compared to industry and market?
EQR volatility
EQR Average Weekly Movement	11.9%
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: EQR has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: EQR's weekly volatility (12%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2005	100	Kevin MacNeill	www.eqresources.com.au

EQ Resources Limited explores for and produces tungsten and gold mineral resources in Queensland and New South Wales, Australia. Its flagship property includes the Mt Carbine project comprising ML 4867 covering an area of approximately 358.5 hectares, as well as ML 4919 covering an area of 7.891 hectares located in Far North Queensland. The company was formerly known as Speciality Metals International Limited and changed its name to EQ Resources Limited in December 2020.

EQ Resources Limited Fundamentals Summary

How do EQ Resources's earnings and revenue compare to its market cap?
EQR fundamental statistics
Market cap	AU$116.33m
Earnings (TTM)	-AU$28.26m
Revenue (TTM)	AU$27.46m

4.2x

P/S Ratio

-4.1x

P/E Ratio

Is EQR overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
EQR income statement (TTM)
Revenue	AU$27.46m
Cost of Revenue	AU$30.84m
Gross Profit	-AU$3.38m
Other Expenses	AU$24.88m
Earnings	-AU$28.26m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.013
Gross Margin	-12.30%
Net Profit Margin	-102.90%
Debt/Equity Ratio	75.2%

How did EQR perform over the long term?

See historical performance and comparison

EQR Stock Overview

Risk Analysis

EQ Resources Limited Competitors

ASX:LKE

AU$83.4m

ASX:ASM

AU$91.6m

ASX:PRG

AU$139.0m

ASX:KSN

AU$65.1m

Price History & Performance

Recent News & Updates

Lacklustre Performance Is Driving EQ Resources Limited's (ASX:EQR) Low P/S

EQ Resources Limited (ASX:EQR) executed a binding Heads of Agreement to acquire Tungsten Metals Group Limited.

EQ Resources Limited, Annual General Meeting, Nov 29, 2024

Here's Why EQ Resources (ASX:EQR) Can Afford Some Debt

Full year 2024 earnings released: AU$0.001 loss per share (vs AU$0.003 loss in FY 2023)

New major risk - Shareholder dilution

Recent updates

Lacklustre Performance Is Driving EQ Resources Limited's (ASX:EQR) Low P/S

EQ Resources Limited (ASX:EQR) executed a binding Heads of Agreement to acquire Tungsten Metals Group Limited.

EQ Resources Limited, Annual General Meeting, Nov 29, 2024

Here's Why EQ Resources (ASX:EQR) Can Afford Some Debt

Full year 2024 earnings released: AU$0.001 loss per share (vs AU$0.003 loss in FY 2023)

New major risk - Shareholder dilution

New major risk - Shareholder dilution

EQ Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 9.5 million.

Price target decreased by 7.5% to AU$0.13

First half 2024 earnings released: AU$0.005 loss per share (vs AU$0.003 loss in 1H 2023)

Less than half of directors are independent

EQ Resources Limited Announces the Appointment of Stephen Weir as Non-Executive Director of the Company

EQ Resources Limited Appoints Stephen Robert Weir as Director

Non-Executive Chairman exercised options to buy AU$132k worth of stock.

EQ Resources Limited, Annual General Meeting, Nov 29, 2023

Full year 2023 earnings released: AU$0.003 loss per share (vs AU$0.005 loss in FY 2022)

EQ Resources Limited announced that it expects to receive AUD 25.02 million in funding from Oaktree Capital Management, L.P.

First half 2023 earnings released: AU$0.003 loss per share (vs AU$0.002 loss in 1H 2022)

EQ Resources Limited Announces First Results (3 Holes) from the Phase 2 2022 Drilling Campaign Completed in January 2023

EQ Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 4.56 million.

EQ Resources Limited Announces Resignation of Patricia Vanni de Oliveira as Joint Company Secretary

EQ Resources Limited Provides Update on Mt Carbine Tungsten Mine

EQ Resources Limited Announces Drilling Targeting New Discoveries and Potential Expansion

Is EQ Resources (ASX:EQR) A Risky Investment?

Full year 2022 earnings released: AU$0.004 loss per share (vs AU$0.004 loss in FY 2021)

EQ Resources Limited, Annual General Meeting, Nov 23, 2022

EQ Resources Limited Releases an Update on Ore Reserve Estimate for its Mt Carbine Tungsten Project in Far North Queensland

EQ Resources Limited Announces Increased Tungsten in Updated Mt Carbine Mineral Resource

EQ Resources Limited Completes Phase 1 2022 Drill Program Aiming for Shallow Mineralisation

EQ Resources Announces Completion of Scoping Study on the Mt Carbine UG Mine Development

Is EQ Resources (ASX:EQR) Using Too Much Debt?

First half 2022 earnings: Revenues and EPS in line with analyst expectations

EQ Resources Limited Announces Start of New Diamond Drilling Campaign at the Mt Carbine Tungsten Mine

EQ Resources Announces Commissioning of the Upgraded Power Line At the Mt Carbine

Full year 2021 earnings released: AU$0.004 loss per share (vs AU$0.003 loss in FY 2020)

EQ Resources Limited Announces Mineral Resource Update Drives Mt Carbine BFS Optimization

EQ Resources Limited announced that it expects to receive AUD 6 million in funding

EQR Drilling at Mt Carbine Hits Iron Duke Extensions

EQ Resources Limited Announces Further Positive Drill Results from its Feasibility Study Resource Drilling Program

EQ Resources Limited Announces Clarification on Results Released for Mt Carbine Drilling

EQ Resources Limited Hits Shallow High-Grade Tungsten Zones

EQR Extends Resource Drilling at Mt Carbine

Executive Officer has left the company

First half 2021 earnings released: AU$0.001 loss per share (vs AU$0.001 loss in 1H 2020)

EQ Resources Limited Appoints Richard Morrow FAusIMM as Non-Executive Director

EQ Resources Limited announced that it expects to receive AUD 6.5 million in funding

Company Secretary has left the company

EQ Resources Limited Announces Executive Changes

EQ Resources Limited Announces Resignation of Kim Cavallaro as Executive Director and Chief Commercial Officer

Speciality Metals International Limited Announces Mt Carbine Historical Drilling Reinterpretation

Speciality Metals International Limited Announces Appointment of Kim Cavallaro as Executive Director

Shareholder Returns

Price Volatility

About the Company

EQ Resources Limited Fundamentals Summary

4.2x

-4.1x

Earnings & Revenue