Global Lithium Resources (ASX:GL1) - Stock Price, News & Analysis

GL1 Stock Overview

Global Lithium Resources Limited engages in the evaluation, exploration, and development of lithium resources in Australia.

About the company

GL1 fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	0/6
Financial Health	5/6
Dividends	0/6

Rewards

Trading at 92.4% below our estimate of its fair value

Risk Analysis

Makes less than USD$1m in revenue (A$0)

Has less than 1 year of cash runway

Currently unprofitable and not forecast to become profitable over the next 3 years

Does not have a meaningful market cap (A$129M)

Global Lithium Resources Limited Competitors

Strandline Resources

ASX:STA

AU$138.9m

Queensland Pacific Metals

ASX:QPM

AU$78.5m

DevEx Resources

ASX:DEV

AU$136.8m

New World Resources

ASX:NWC

AU$99.8m

Price History & Performance

Summary of all time highs, changes and price drops for Global Lithium Resources
Historical stock prices
Current Share Price	AU$0.48
52 Week High	AU$1.91
52 Week Low	AU$0.41
Beta	0.60
1 Month Change	-17.09%
3 Month Change	-27.07%
1 Year Change	-64.34%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	73.21%

Recent updates

Shareholder Returns

	GL1	AU Metals and Mining	AU Market
7D	0%	3.2%	0.2%
1Y	-64.3%	-4.3%	6.6%

Return vs Industry: GL1 underperformed the Australian Metals and Mining industry which returned -4.3% over the past year.

Return vs Market: GL1 underperformed the Australian Market which returned 6.6% over the past year.

Price Volatility

Is GL1's price volatile compared to industry and market?
GL1 volatility
GL1 Average Weekly Movement	11.8%
Metals and Mining Industry Average Movement	12.4%
Market Average Movement	8.9%
10% most volatile stocks in AU Market	17.4%
10% least volatile stocks in AU Market	3.4%

Stable Share Price: GL1's share price has been volatile over the past 3 months.

Volatility Over Time: GL1's weekly volatility (12%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2018	n/a	Ron Mitchell	globallithium.com.au

Global Lithium Resources Limited engages in the evaluation, exploration, and development of lithium resources in Australia. The company holds 100% interest in the Marble Bar Lithium project located in the Pilbara, Western Australia. It also holds 100% interest in the exploration and future mining rights to lithium and lithium associated co-mineral rights in the Manna Lithium project located in the Goldfields, Western Australia.

Global Lithium Resources Limited Fundamentals Summary

How do Global Lithium Resources's earnings and revenue compare to its market cap?
GL1 fundamental statistics
Market cap	AU$128.83m
Earnings (TTM)	-AU$4.38m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-28.8x

P/E Ratio

Is GL1 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
GL1 income statement (TTM)
Revenue	AU$0
Cost of Revenue	AU$0
Gross Profit	AU$0
Other Expenses	AU$4.38m
Earnings	-AU$4.38m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	-0.017
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0%

How did GL1 perform over the long term?

See historical performance and comparison

GL1 Stock Overview

Rewards

Risk Analysis

Global Lithium Resources Limited Competitors

ASX:STA

AU$138.9m

ASX:QPM

AU$78.5m

ASX:DEV

AU$136.8m

ASX:NWC

AU$99.8m

Price History & Performance

Recent News & Updates

New major risk - Financial position

Price target decreased by 9.7% to AU$2.05

New minor risk - Market cap size

Non-Executive Director recently bought AU$164k worth of stock

No longer forecast to breakeven

New minor risk - Shareholder dilution

Recent updates

New major risk - Financial position

Price target decreased by 9.7% to AU$2.05

New minor risk - Market cap size

Non-Executive Director recently bought AU$164k worth of stock

No longer forecast to breakeven

New minor risk - Shareholder dilution

Global Lithium Resources Limited, Annual General Meeting, Nov 28, 2023

Forecast to breakeven in 2026

New major risk - Revenue and earnings growth

Warrick Hazeldine Retires as A Director of Global Lithium Resources Limited, Effective 9 August 2023

New major risk - Revenue and earnings growth

Price target increased by 7.6% to AU$2.83

Global Lithium Resources Limited, Annual General Meeting, Jul 31, 2023

Global Lithium Resources Limited Appoints Geoffrey Jones as Director

Price target decreased by 13% to AU$2.75

Price target decreased by 10% to AU$3.25

Non-Executive Director recently bought AU$53k worth of stock

Global Lithium Resources Limited Announces the Results of the Scoping Studyon the Manna Lithium Project Located 100Km East of Kalgoorlie, A Major Mining Hub in Western Australia

Global Lithium Resources Limited Announces Further Assay Data Has Been Received for Its 100% Owned Manna Lithium Project, Located 100Km East of Kalgoorlie

Global Lithium Resources Limited Commences Detailed Metallurgical Processing Program for the Manna Lithium Project, Located 100Km East of Kalgoorlie in the Goldfields Region

Global Lithium Resources Limited Appoints Tony Chamberlain as Project Director

Global Lithium Resources Limited Announces Game-Changing Updated JORC Mineral Resource Estimate for its Two 100%-Owned Hard Rock Lithium Projects in Western Australia

Global Lithium Resources Limited (ASX:GL1) completed the acquisition of Manna Lithium Project from Breaker Resources NL (ASX:BRB).

Price target increased to AU$3.50

High number of new and inexperienced directors

Global Lithium Resources Limited Announces Resource Expansion Drilling Program Is Progressing Well At the Now 100% Owned Manna Lithium Project, Located 100Km East of Kalgoorlie

Global Lithium Resources Limited, Annual General Meeting, Nov 24, 2022

No longer forecast to breakeven

An unknown buyer agreed to acquire an unknown stake in Global Lithium Resources Limited (ASX:GL1).

Global Lithium Resources Limited Receives Second Round of Positive Results from Preliminary Metallurgical Test Work At Marble Bar Lithium Project

Price target increased to AU$2.90

Global Lithium Resources Limited Announces the First Diamond Core Drilling Program At Its Manna Lithium Project

Global Lithium Resources Limited Announces Third Rig Mobilises to the Manna Lithium Project

Global Lithium Resources Limited Announces Third Rig Mobilises to the Manna Lithium Project

Global Lithium Resources Limited Announces Positive Initial Metallurgical Test Work Results Received for Marble Bar Lithium Project

Global Lithium Resources Limited Announces Exceptional Manna Drilling Results Include 24m @ 1.03% Li2O

Global Lithium Resources Limited Announces Identification New Lithium Bearing Pegmatite at MBLP

Global Lithium Resources Limited Announces Further Encouraging Results from the Current Drilling Program At the Manna Lithium Project, Located 100Km East of Kalgoorlie

Global Lithium Resources Limited Announces the First Lithium Assay Results from its Initial RC Drilling Program at the Manna Lithium Project

Global Lithium Resources Limited Announces Diamond Drilling Contractor Mobilises to Manna Lithium Project

Global Lithium Resources Limited Announces MBLP Assays Continue to Deliver Exploration Success

Global Lithium Resources Limited Appoints Ron Mitchell as Managing Director, Effective June 1, 2022

Global Lithium Resources Limited Commences RC Drilling at Manna Lithium Project

Global Lithium Resources Limited Announces That Drilling Contractor Mobilised to Manna Lithium Project

Independent Non-Executive Chairman recently sold AU$96k worth of stock

Less than half of directors are independent

Global Lithium Resources Limited, Annual General Meeting, May 11, 2022

Global Lithium Resources Limited Announces Maiden Inferred JORC Mineral Resource Estimate for Its 80%-Owned Manna Lithium Project Located 100Km East of Kalgoorlie in the Goldfields, Western Australia

Global Lithium Resources Limited Appoints Hayley Lawrance as Non-Executive Director

Global Lithium Resources Limited Announces 60,000M Drilling Program Commences at the Marble Bar Lithium Project

Global Lithium Resources Limited (ASX:GL1) completed the acquisition of a 80% stake in Manna Lithium Project from Breaker Resources NL (ASX:BRB) and Breaker Resources Lithium Pty.

Global Lithium Resources Limited (ASX:GL1) agreed to acquire 80% stake in Manna Lithium Project from Breaker Resources NL (ASX:BRB) and Breaker Resources Lithium Pty Ltd for AUD 33 million.

Global Lithium Resources Limited Announces Positive Lithium Assays Results Continue

Global Lithium Resources Limited Announces Positive Lithium Assay Results

Global Lithium Resources Limited Announces Commencement of A CY4Q Exploration Program At Its Marble Bar Lithium Project

Global Lithium Resources Limited (ASX:GL1) completed the acquisition of Tenements E45/4669 and E45/4724 from Fe Limited (ASX:FEL).

Global Lithium Resources Limited Provides an Update on its Diamond Drilling Program at the Company's Wholly Owned MBLP

Global Lithium Resources Limited Provide an Update on Its RC Drilling Program

Global Lithium Resources Limited (ASX:GL1) agreed to acquire Tenements E45/4724 and E45/4669 of Pilbara Exploration from Fe Limited (ASX:FEL) for AUD 0.35 million.