Labyrinth Resources (ASX:LRL) - Stock Price, News & Analysis

LRL Stock Overview

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

LRL fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	4/6
Dividends	0/6

Rewards

Risk Analysis

Does not have a meaningful market cap (A$7M)

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

Highly volatile share price over the past 3 months

Has less than 1 year of cash runway

+ 2 more risks

Labyrinth Resources Limited Competitors

Perpetual Resources

ASX:PEC

AU$5.8m

Resources & Energy Group

ASX:REZ

AU$6.5m

Vertex Minerals

ASX:VTX

AU$6.5m

Castle Minerals

ASX:CDT

AU$7.3m

Price History & Performance

Summary of all time highs, changes and price drops for Labyrinth Resources
Historical stock prices
Current Share Price	AU$0.006
52 Week High	AU$0.016
52 Week Low	AU$0.004
Beta	1.19
1 Month Change	20.00%
3 Month Change	0%
1 Year Change	-58.62%
3 Year Change	-89.66%
5 Year Change	-95.86%
Change since IPO	-100.00%

Recent updates

Shareholder Returns

	LRL	AU Metals and Mining	AU Market
7D	0%	-0.8%	-2.8%
1Y	-58.6%	-6.7%	4.0%

Return vs Industry: LRL underperformed the Australian Metals and Mining industry which returned -4.2% over the past year.

Return vs Market: LRL underperformed the Australian Market which returned 5.7% over the past year.

Price Volatility

Is LRL's price volatile compared to industry and market?
LRL volatility
LRL Average Weekly Movement	31.2%
Metals and Mining Industry Average Movement	12.5%
Market Average Movement	9.0%
10% most volatile stocks in AU Market	17.4%
10% least volatile stocks in AU Market	3.5%

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

Volatility Over Time: LRL's weekly volatility has increased from 24% to 31% over the past year.

About the Company

Founded	Employees	CEO	Website
1970	n/a	Jennifer Neild	labyrinthresources.com

Labyrinth Resources Limited engages in the exploration and development of mineral properties in Australia. The company explores for gold, lithium, and nickel deposits. It also holds Labyrinth and Denain gold projects located in the Abitibi Greenstone Belt region of Quebec, Canada.

Labyrinth Resources Limited Fundamentals Summary

How do Labyrinth Resources's earnings and revenue compare to its market cap?
LRL fundamental statistics
Market cap	AU$7.13m
Earnings (TTM)	-AU$5.20m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-1.4x

P/E Ratio

Is LRL overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
LRL income statement (TTM)
Revenue	AU$0
Cost of Revenue	AU$0
Gross Profit	AU$0
Other Expenses	AU$5.20m
Earnings	-AU$5.20m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	-0.0044
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0%

How did LRL perform over the long term?

See historical performance and comparison

LRL Stock Overview

Rewards

Risk Analysis

Labyrinth Resources Limited Competitors

ASX:PEC

AU$5.8m

ASX:REZ

AU$6.5m

ASX:VTX

AU$6.5m

ASX:CDT

AU$7.3m

Price History & Performance

Recent News & Updates

Carey Group Holdings Pty Ltd and Erasano DMCC has entered into a Sale and Purchase Agreement to acquire Labyrinth and Denain gold projects in the Abitibi region of Quebec, Canada from Labyrinth Resources Limited (ASX:LRL) for $3.7 million.

Labyrinth Resources Limited, Annual General Meeting, Nov 27, 2023

Labyrinth Resources Limited Advises Stepping Up A "Back-To-Basics" Exploration Program At Its Comet Vale Gold Project in WA

Less than half of directors are independent

Labyrinth Resources Limited Announces Outstanding Metallurgical Results from Its Comprehensive Testwork

Labyrinth Resources Limited Announces Outstanding Metallurgical Results

Recent updates

Carey Group Holdings Pty Ltd and Erasano DMCC has entered into a Sale and Purchase Agreement to acquire Labyrinth and Denain gold projects in the Abitibi region of Quebec, Canada from Labyrinth Resources Limited (ASX:LRL) for $3.7 million.

Labyrinth Resources Limited, Annual General Meeting, Nov 27, 2023

Labyrinth Resources Limited Advises Stepping Up A "Back-To-Basics" Exploration Program At Its Comet Vale Gold Project in WA

Less than half of directors are independent

Labyrinth Resources Limited Announces Outstanding Metallurgical Results from Its Comprehensive Testwork

Labyrinth Resources Limited Announces Outstanding Metallurgical Results

Labyrinth Resources Ordinary Shares to Be Deleted from OTC Equity

Labyrinth Resources Limited, Annual General Meeting, Nov 29, 2022

Labyrinth Resources Limited Announces Maiden Mineral Resource Estimate

Black Mountain Gold Limited completed the acquisition of remaining 50% stake in Penny's Find Gold Mine from Labyrinth Resources Limited.

Labyrinth Resources Limited Announces Drilling Results of the Known Mineralisation at its Labyrinth Gold Project

Labyrinth Resources Limited Announces That Assays Received for the First Three Holes of the Maiden Surface Exploration Program At Its Flagship Labyrinth Gold Project in Quebec, Canada

Labyrinth Resources Limited Announces First Hole of the 3,000M Maiden Surface Exploration Program At Its Labyrinth Gold Project in Quebec, Canada

Labyrinth Resources Announces More High-Grade Assays Which Further Underpin the Upcoming Conversion of the 479,000Oz Foreign Estimate to Maiden JORC Resource at its Labyrinth Gold Project in Quebec, Canada

Labyrinth Resources Limited Announces Maiden Underground Drilling Program At Labyrinth

High number of new and inexperienced directors

Labyrinth Resources Limited Announces High Grade Results Received At Labyrinth Gold Project

Labyrinth Resources Limited Announces Drilling Continues to Generate Highly Encouraging Results as Part of Strategy for Maiden Jorc Resource

Labyrinth Resources Limited (ASX:LRL) entered into an agreement to acquire 7 Mining Claims Located in Ontario for CAD 0.01.

Labyrinth Resources Limited Announces Drilling Underway at Labyrinth Gold Project

High number of new and inexperienced directors

Black Mountain Gold Limited entered into a binding sale agreement to acquire remaining 50% stake in Penny's Find Gold Mine from Labyrinth Resources Limited (ASX:LRL) for AUD 1.25 million.

High number of new and inexperienced directors

Labyrinth Resources Limited Announces Some Outstanding Initial Results from the Maiden Diamond Drilling Program At the High-Grade Denain Gold Project

Orminex Limited announced that it expects to receive AUD 8 million in funding from PT Amman Mineral Internasional and other investors

Non-Executive Director Wayne McGrath has left the company

Insider recently sold AU$435k worth of stock

Orminex Limited Appoints Matthew Nixon as Chief Operating Officer, Effective 8 February 2021

Orminex Limited Enters Development Joint Venture for Penny's Find Underground Gold Project

Black Mountain Gold Limited entered into a binding joint venture term sheet to acquire 50% stake in Penny's Find Gold Mine from Orminex Limited (ASX:ONX) for AUD 1.5 million.

Orminex Limited Auditor Raises 'Going Concern' Doubt

Full year earnings released - AU$0.0011 loss per share

Orminex Limited (ASX:ONX) entered into binding framework letter to acquire economic interests in all or substantial part of epithermal gold project asset in Indonesia from Pt Amman Mineral Internasional.

Shareholder Returns

Price Volatility

About the Company

Labyrinth Resources Limited Fundamentals Summary

0.0x

-1.4x

Earnings & Revenue