Sunshine Gold Limited engages in the exploration and development of gold and copper mineral projects in Queensland.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.045|
|52 Week High||AU$0.041|
|52 Week Low||AU$0.077|
|1 Month Change||-13.46%|
|3 Month Change||-25.00%|
|1 Year Change||n/a|
|3 Year Change||65.44%|
|5 Year Change||181.25%|
|Change since IPO||-77.50%|
Recent News & Updates
Have Insiders Been Buying Sunshine Gold Limited (ASX:SHN) Shares?
We often see insiders buying up shares in companies that perform well over the long term. Unfortunately, there are also...
|SHN||AU Metals and Mining||AU Market|
Return vs Industry: Insufficient data to determine how SHN performed against the Australian Metals and Mining industry.
Return vs Market: Insufficient data to determine how SHN performed against the Australian Market.
Stable Share Price: SHN is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: SHN's weekly volatility (10%) has been stable over the past year.
About the Company
Sunshine Gold Limited engages in the exploration and development of gold and copper mineral projects in Queensland. The company holds 618 square kilometers of prospective tenements across three project areas, including Triumph gold project covering an area of 138 square kilometers with 2 EPMs located in the Northern New England Orogen; Hodgkinson gold project consisting of 365 square kilometers with 5 granted EPMs and 1 EPM in application situated at the north west of Cairns; and the Investigator copper project comprising two granted exploration lease EPMs covering an area of 115 square kilometers located in the Western Succession of the Proterozic Mt Isa Inlier; and Ravenswood West project consisting of 4 exploration permits that cover an area of 392 square kilometers. The company was formerly known as Pelican Resources Limited and changed its name to Sunshine Gold Limited in November 2020.
Sunshine Gold Fundamentals Summary
|SHN fundamental statistics|
Is SHN overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|SHN income statement (TTM)|
|Cost of Revenue||AU$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.0019|
|Net Profit Margin||0.00%|
How did SHN perform over the long term?See historical performance and comparison
Is Sunshine Gold undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate SHN's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate SHN's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: SHN is unprofitable, so we can't compare its PE Ratio to the Australian Metals and Mining industry average.
PE vs Market: SHN 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 SHN's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SHN is overvalued based on its PB Ratio (3.5x) compared to the AU Metals and Mining industry average (2.6x).
How is Sunshine Gold forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 Sunshine Gold 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.
How has Sunshine Gold performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SHN is currently unprofitable.
Growing Profit Margin: SHN is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: SHN is unprofitable, and losses have increased over the past 5 years at a rate of 19.7% per year.
Accelerating Growth: Unable to compare SHN's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: SHN 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: SHN has a negative Return on Equity (-15.17%), as it is currently unprofitable.
How is Sunshine Gold's financial position?
Financial Position Analysis
Short Term Liabilities: SHN's short term assets (A$2.5M) exceed its short term liabilities (A$194.2K).
Long Term Liabilities: SHN's short term assets (A$2.5M) exceed its long term liabilities (A$8.3K).
Debt to Equity History and Analysis
Debt Level: SHN's debt to equity ratio (0.02%) is considered satisfactory.
Reducing Debt: SHN's debt to equity ratio has reduced from 0.09% to 0.02% over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: SHN has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: SHN has less than a year of cash runway if free cash flow continues to reduce at historical rates of 25.9% each year
What is Sunshine Gold current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate SHN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate SHN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if SHN's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SHN's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of SHN's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Dr. Damien Leslie Keys, PhD (Struct. Geo), MAIG, serves as Managing Director at Sunshine Gold Limited (formerly known as Pelican Resources Limited) since November 2020 and serves as its Director since Nove...
CEO Compensation Analysis
Compensation vs Market: Damien's total compensation ($USD168.74K) is below average for companies of similar size in the Australian market ($USD301.38K).
Compensation vs Earnings: Insufficient data to compare Damien's compensation with company performance.
Experienced Board: SHN's board of directors are not considered experienced ( 0.9 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 114.9%.
Sunshine Gold Limited's employee growth, exchange listings and data sources
- Name: Sunshine Gold Limited
- Ticker: SHN
- Exchange: ASX
- Founded: 1994
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: AU$25.795m
- Shares outstanding: 548.82m
- Website: https://www.shngold.com.au
- Sunshine Gold Limited
- 5/16 Nicholson Road
- Western Australia
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/26 07:02|
|End of Day Share Price||2021/10/26 00:00|
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.