GBM Resources (ASX:GBZ) - Stock Price, News & Analysis

GBZ Stock Overview

GBM Resources Limited engages in the exploration and development of mineral properties in Australia.

GBZ fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	3/6
Dividends	0/6

Rewards

Risk Analysis

Shareholders have been substantially diluted in the past year

Highly volatile share price over the past 3 months

Does not have a meaningful market cap (A$14M)

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

GBM Resources Limited Competitors

Viking Mines

ASX:VKA

AU$11.3m

Medallion Metals

ASX:MM8

AU$18.8m

Dateline Resources

ASX:DTR

AU$17.4m

Kaiser Reef

ASX:KAU

AU$25.7m

Price History & Performance

Summary of all time highs, changes and price drops for GBM Resources
Historical stock prices
Current Share Price	AU$0.012
52 Week High	AU$0.034
52 Week Low	AU$0.007
Beta	0.99
1 Month Change	33.33%
3 Month Change	50.00%
1 Year Change	-63.64%
3 Year Change	-89.57%
5 Year Change	-76.00%
Change since IPO	-99.40%

Recent updates

Shareholder Returns

	GBZ	AU Metals and Mining	AU Market
7D	-7.7%	0.05%	0.9%
1Y	-63.6%	-2.1%	5.6%

Return vs Industry: GBZ underperformed the Australian Metals and Mining industry which returned -2.1% over the past year.

Return vs Market: GBZ underperformed the Australian Market which returned 5.6% over the past year.

Price Volatility

Is GBZ's price volatile compared to industry and market?
GBZ volatility
GBZ Average Weekly Movement	23.6%
Metals and Mining Industry Average Movement	12.4%
Market Average Movement	8.9%
10% most volatile stocks in AU Market	17.6%
10% least volatile stocks in AU Market	3.5%

Stable Share Price: GBZ's share price has been volatile over the past 3 months.

Volatility Over Time: GBZ's weekly volatility has increased from 18% to 24% over the past year.

About the Company

Founded	Employees	CEO	Website
2007	n/a	Peter Rohner	www.gbmr.com.au

GBM Resources Limited engages in the exploration and development of mineral properties in Australia. The company explores for gold, silver, copper, and iron oxide. Its flagship projects include the Mount Coolon gold project that covers an area of approximately 2,613 square kilometers, the Yandan Gold project covering an area of 952 square kilometers, and the Twin Hills Gold project located in the Drummond basin in Queensland.

GBM Resources Limited Fundamentals Summary

How do GBM Resources's earnings and revenue compare to its market cap?
GBZ fundamental statistics
Market cap	AU$13.88m
Earnings (TTM)	-AU$4.06m
Revenue (TTM)	AU$1.33m

10.5x

P/S Ratio

-3.4x

P/E Ratio

Is GBZ overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
GBZ income statement (TTM)
Revenue	AU$1.33m
Cost of Revenue	AU$3.18m
Gross Profit	-AU$1.85m
Other Expenses	AU$2.20m
Earnings	-AU$4.06m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	-0.0035
Gross Margin	-139.98%
Net Profit Margin	-306.37%
Debt/Equity Ratio	19.3%

How did GBZ perform over the long term?

See historical performance and comparison

GBZ Stock Overview

Rewards

Risk Analysis

GBM Resources Limited Competitors

ASX:VKA

AU$11.3m

ASX:MM8

AU$18.8m

ASX:DTR

AU$17.4m

ASX:KAU

AU$25.7m

Price History & Performance

Recent News & Updates

GBM Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.198832 million.

First half 2024 earnings released: AU$0.005 loss per share (vs AU$0.002 loss in 1H 2023)

GBM Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.181946 million.

New major risk - Revenue size

GBM Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 2.80665 million.

New major risk - Shareholder dilution

Recent updates

GBM Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.198832 million.

First half 2024 earnings released: AU$0.005 loss per share (vs AU$0.002 loss in 1H 2023)

GBM Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.181946 million.

New major risk - Revenue size

GBM Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 2.80665 million.

New major risk - Shareholder dilution

GBM Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.463778 million.

GBM Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1.645724 million.

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

Full year 2023 earnings released: AU$0.004 loss per share (vs AU$0.001 loss in FY 2022)

Havilah Resources Limited (ASX:HAV) signed an agreement to acquire Non-core exploration lease EL 6299 from GBM Resources Limited (ASX:GBZ) for AUD 0.1 million.

Havilah Resources Limited (ASX:HAV) signed an agreement to acquire Non-core exploration lease EL 6299 from GBM Resources Limited (ASX:GBZ) for AUD 0.1 million.

GBM Resources Limited, Annual General Meeting, Sep 07, 2023

GBM Resources Limited Announces Executive Changes

First half 2023 earnings released: AU$0.002 loss per share (vs AU$0.005 loss in 1H 2022)

GBM Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.36454 million.

Gbm Resources Limited Announces Twin Hills Gold Project Upgrades to 1 Moz Mineral Resource

GBM Resources Limited Announces Resignation of Brent Cook as Non-Executive Director, with Effect from 30 November 2022

GBM Resources Limited Provides Update on Exploration Activities and Proposed Activities At the Malmsbury Project JV in Central Victoria

Less than half of directors are independent

GBM Resources Limited, Annual General Meeting, Nov 30, 2022

GBM Resources Limited Auditor Raises 'Going Concern' Doubt

GBM Resources Limited announced that it expects to receive AUD 0.305 million in funding

GBM Resources Limited Provides an Update on Exploration Activities

GBM Resources Limited Announces Further Excellent Results from its Initial Diamond Drill Program At the Twin Hills Project - 309 Deposit

Executive Chairman exercised options to buy AU$240k worth of stock.

GBM Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.25654 million.

GBM Resources Limited Announces Initial Drill Program Results At Twin Hills

Gbm Resources Limited Provides Malmsbury Gold Project Exploration Update

GBM Resources Limited Announces More Results from the Initial ~ 7,000 M Diamond Drill Program At the Twin Hills Project 309 Deposit

Executive Chairman exercised options to buy AU$75k worth of stock.

GBM Resources Limited Complets 7 Diamond Drill Holes as Part of the Phase 1 Diamond Core Drilling Program

Less than half of directors are independent

GBM Resources Limited Announces Drilling at Twin Hills Hits 162 m @ 2.65 g/t Au

GBM Resources Limited Announces Glen Eva System Exploration Update

GBM Resources Limited Commences Phase 1 of the Diamond Core Drilling Program at the Twin Hills Project

GBM Resources Limited Announces Malmsbury Drilling Update

GBM Resources Limited Announces Significant Resource Upgrade at Twin Hills Project

GBM Resources Limited (ASX:GBZ) completed the acquisition of Twin Hills Gold Project of Minjar Gold Pty Ltd from NQM Gold 2 Pty Ltd.

GBM Resources Limited Announces Commencement of Phase 1 of the Diamond Core Drilling Program at the Malmsbury Project JV in Central Victoria Goldfields

GBM Resources Limited Provides White Dam Exploration Update

GBM Resources Limited announced that it expects to receive AUD 7.4 million in funding

GBM Resources Limited Announces Initial Drilling Results At White Dam Gold-Copper Project in South Australia

GBM Resources Limited Executes Binding Term Sheet with Native Mineral Resources Holdings Limited

GBM Resources Limited (ASX:GBZ) entered into binding term sheet to acquire Mt Morgan exploration tenement EPM17850 in Queensland from Native Mineral Resources Holdings Limited (ASX:NMR) for AUD 0.21 million.

Smartset Services Inc. (TSXV:SMAR.P) signed a binding letter of intent to acquire Mount Morgan Gold-Copper Project in Australia from GBM Resources Limited (ASX:GBZ).

GBM Resources Limited (ASX:GBZ) agreed to acquire White Dam Gold Copper Project in Australia from Round Oak Minerals Pty Limited.

GBM Resources Limited Commences Phase 1 of the Reverse Circulation (RC) Drilling Program

GBM Resources Limited (ASX:GBZ) entered into a non-binding agreement to acquire Twin Hills Gold Project from Minjar Gold Pty Ltd.

GBM Resources Limited Completed Its Initial Diamond Core and Reverse Circulation Drill Program At the Mt Coolon Gold Project

GBM Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 6.4 million.

GBM Resources Limited (ASX:GBZ) completed the acquisition of Straits Gold Pty Ltd from Aeris Resources Limited (ASX:AIS)

GBM Resources Appoints Dan Travers as Joint Company Secretary

GBM Resources Limited (ASX:GBZ) entered into a Binding Heads of Agreement to acquire Straits Gold Pty Limited from Aeris Resources Limited (ASX:AIS) for AUD 3.3 million.

New 90-day high: AU$0.20

GBM Resources Limited Announces First Gold Dore Produced at White Dam

Full year earnings released - AU$0.007 loss per share

Novo Resources Corp. (OTCPK:NSRP.F) agreed to acquire 50% stake in Malmsbury gold project from GBM Resources Limited (ASX:GBZ) for AUD 5.5 million.

Gbm Resources Limited Announces Board Changes, Effective on September 17, 2020