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

GBZ Stock Overview

Engages in the exploration and development of mineral properties in Australia. More details

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

Risk Analysis

Shareholders have been substantially diluted in the past year

Does not have a meaningful market cap (A$8M)

Makes less than USD$1m in revenue (A$84K)

Has less than 1 year of cash runway

+ 1 more risk

GBM Resources Limited Competitors

Iondrive

ASX:ION

AU$8.5m

Orpheus Uranium

ASX:ORP

AU$8.0m

Regener8 Resources

ASX:R8R

AU$7.3m

Redcastle Resources

ASX:RC1

AU$6.7m

Price History & Performance

Summary of all time highs, changes and price drops for GBM Resources
Historical stock prices
Current Share Price	AU$0.007
52 Week High	AU$0.015
52 Week Low	AU$0.007
Beta	0.98
11 Month Change	-22.22%
3 Month Change	-12.50%
1 Year Change	-41.67%
33 Year Change	-93.91%
5 Year Change	-86.00%
Change since IPO	-99.65%

Recent updates

Shareholder Returns

	GBZ	AU Metals and Mining	AU Market
7D	0%	-0.6%	-0.3%
1Y	-41.7%	-11.0%	18.4%

Return vs Industry: GBZ underperformed the Australian Metals and Mining industry which returned -11% over the past year.

Return vs Market: GBZ underperformed the Australian Market which returned 18.4% over the past year.

Price Volatility

Is GBZ's price volatile compared to industry and market?
GBZ volatility
GBZ Average Weekly Movement	16.7%
Metals and Mining Industry Average Movement	10.9%
Market Average Movement	8.6%
10% most volatile stocks in AU Market	17.2%
10% least volatile stocks in AU Market	3.2%

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

Volatility Over Time: GBZ's weekly volatility (17%) has been stable over the past year, but is still higher than 75% of Australian stocks.

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; the Twin Hills Gold project covering an area of 1,102 square kilometers located in the Drummond basin in Queensland; the White Dam project covering an area of 489 square kilometers located in South Australia; and the Mount Morgan project covering an area of 1017 square kilometers located in Eastern Australia.

GBM Resources Limited Fundamentals Summary

How do GBM Resources's earnings and revenue compare to its market cap?
GBZ fundamental statistics
Market cap	AU$8.10m
Earnings (TTM)	-AU$3.20m
Revenue (TTM)	AU$83.60k

96.9x

P/S Ratio

-2.5x

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$83.60k
Cost of Revenue	AU$0
Gross Profit	AU$83.60k
Other Expenses	AU$3.29m
Earnings	-AU$3.20m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.0028
Gross Margin	100.00%
Net Profit Margin	-3,830.68%
Debt/Equity Ratio	15.3%

How did GBZ perform over the long term?

See historical performance and comparison

GBZ Stock Overview

Risk Analysis

GBM Resources Limited Competitors

ASX:ION

AU$8.5m

ASX:ORP

AU$8.0m

ASX:R8R

AU$7.3m

ASX:RC1

AU$6.7m

Price History & Performance

Recent News & Updates

Gbm Resources Limited Appoints Andrew Krelle as Executive Director, Effective 27 November 2024

New major risk - Financial position

GBM Resources Limited, Annual General Meeting, Nov 27, 2024

Olary Gold Mines entered into conditional term sheet to acquire Millstream Resources Pty Limited from GBM Resources Limited (ASX:GBZ) for AUD 3 million.

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)

Recent updates

Gbm Resources Limited Appoints Andrew Krelle as Executive Director, Effective 27 November 2024

New major risk - Financial position

GBM Resources Limited, Annual General Meeting, Nov 27, 2024

Olary Gold Mines entered into conditional term sheet to acquire Millstream Resources Pty Limited from GBM Resources Limited (ASX:GBZ) for AUD 3 million.

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