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G88

Golden Mile ResourcesASX:G88 Stock Report

Market Cap

AU$8.2m

7D

2.1%

1Y

-32.4%

Updated

16 Oct, 2021

Data

Company Financials
G88 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

G88 Overview

Golden Mile Resources Limited engages in the acquisition, exploration, and development of mineral properties in Western Australia.

Golden Mile Resources Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Golden Mile Resources
Historical stock prices
Current Share PriceAU$0.048
52 Week HighAU$0.04
52 Week LowAU$0.13
Beta1.21
1 Month Change-11.11%
3 Month Change-20.00%
1 Year Change-32.39%
3 Year Change-74.74%
5 Year Changen/a
Change since IPO-74.05%

Recent News & Updates

Shareholder Returns

G88AU Metals and MiningAU Market
7D2.1%4.3%0.9%
1Y-32.4%12.2%20.2%

Return vs Industry: G88 underperformed the Australian Metals and Mining industry which returned 12.2% over the past year.

Return vs Market: G88 underperformed the Australian Market which returned 20.2% over the past year.

Price Volatility

Is G88's price volatile compared to industry and market?
G88 volatility
G88 Beta1.21
Industry Beta0.97
Market Beta1

Stable Share Price: G88 is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 13% a week.

Volatility Over Time: G88's weekly volatility has decreased from 23% to 13% over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
2016n/aJames Merrilleeshttps://www.goldenmileresources.com.au

Golden Mile Resources Limited engages in the acquisition, exploration, and development of mineral properties in Western Australia. The company explores for gold, nickel, cobalt, copper, iron ore, zinc, platinum group elements, base metal deposits, and related resources. It holds interests in the Yarrambee Ni-Cu-PGE and Cu-Zn project covering the Narndee Igneous Complex located in the Murchison Region; the Leonora Gold project, including Ironstone Well, Monarch, and Benalla Gold projects located to the east of the Leonora Mining Center in the prolific Eastern Goldfields; and the Yuinmery Gold/Base Metals project situated in the Murchison Region of Western Australia.

Golden Mile Resources Fundamentals Summary

How do Golden Mile Resources's earnings and revenue compare to its market cap?
G88 fundamental statistics
Market CapAU$8.21m
Earnings (TTM)-AU$1.23m
Revenue (TTM)n/a

0x

P/S Ratio

-6.7x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
G88 income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
ExpensesAU$1.23m
Earnings-AU$1.23m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0072
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did G88 perform over the long term?

See historical performance and comparison

Valuation

Is Golden Mile Resources undervalued compared to its fair value and its price relative to the market?

3.01x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate G88's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate G88's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: G88 is unprofitable, so we can't compare its PE Ratio to the Australian Metals and Mining industry average.

PE vs Market: G88 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 G88's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: G88 is overvalued based on its PB Ratio (3x) compared to the AU Metals and Mining industry average (2.5x).


Future Growth

How is Golden Mile Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-0.2%

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 Golden Mile 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.


Past Performance

How has Golden Mile Resources performed over the past 5 years?

-44.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: G88 is currently unprofitable.

Growing Profit Margin: G88 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: G88 is unprofitable, and losses have increased over the past 5 years at a rate of 44.3% per year.

Accelerating Growth: Unable to compare G88's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: G88 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: G88 has a negative Return on Equity (-45.02%), as it is currently unprofitable.


Financial Health

How is Golden Mile Resources's financial position?


Financial Position Analysis

Short Term Liabilities: G88's short term assets (A$1.1M) exceed its short term liabilities (A$215.8K).

Long Term Liabilities: G88 has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: G88 is debt free.

Reducing Debt: G88 has not had any debt for past 5 years.


Balance Sheet


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: G88 has sufficient cash runway for 6 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: G88 is forecast to have sufficient cash runway for 5 months based on free cash flow estimates, but has since raised additional capital.


Dividend

What is Golden Mile Resources's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate G88's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate G88'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 G88's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if G88'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 G88's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

0.9yrs

Average board tenure


CEO

James Merrillees (53 yo)

0.92

Tenure

AU$281,256

Compensation

Mr. James Merrillees serves as the Managing Director and Director of Golden Mile Resources Limited since November 25, 2020. He served as Managing Director of Cygnus Gold Limited since November 17, 2017 unt...


CEO Compensation Analysis

Compensation vs Market: James's total compensation ($USD208.76K) is below average for companies of similar size in the Australian market ($USD302.45K).

Compensation vs Earnings: Insufficient data to compare James's compensation with company performance.


Board Members

Experienced Board: G88's board of directors are not considered experienced ( 0.9 years average tenure), which suggests a new board.


Ownership

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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 39%.


Top Shareholders

Company Information

Golden Mile Resources Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Golden Mile Resources Limited
  • Ticker: G88
  • Exchange: ASX
  • Founded: 2016
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$8.209m
  • Shares outstanding: 171.02m
  • Website: https://www.goldenmileresources.com.au

Location

  • Golden Mile Resources Limited
  • 33 Ord Street
  • Level 3
  • West Perth
  • Western Australia
  • 6005
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/16 07:02
End of Day Share Price2021/10/15 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.