Summit Minerals (ASX:SUMO) - Stock Price, News & Analysis

SUMO Stock Overview

Engages in the acquisition, exploration, and development of battery mineral projects in Brazil, Canada, Morocco, and Australia. More details

SUMO fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	0/6
Financial Health	6/6
Dividends	0/6

Rewards

Revenue grew by 531.2% over the past year

Risk Analysis

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

Makes less than USD$1m in revenue (A$418K)

Highly volatile share price over the past 3 months compared to the Australian market

Shareholders have been diluted in the past year

Summit Minerals Limited Competitors

Buxton Resources

ASX:BUX

AU$11.8m

WestStar Industrial

ASX:WSI

AU$13.0m

Zenith Minerals

ASX:ZNC

AU$15.6m

Magontec

ASX:MGL

AU$16.3m

Price History & Performance

Summary of all time highs, changes and price drops for Summit Minerals
Historical stock prices
Current Share Price	AU$0.035
52 Week High	AU$0.29
52 Week Low	AU$0.01
Beta	-0.74
11 Month Change	-38.60%
3 Month Change	-56.25%
1 Year Change	9.38%
33 Year Change	n/a
5 Year Change	n/a
Change since IPO	12.90%

Recent updates

Shareholder Returns

	SUMO	AU Metals and Mining	AU Market
7D	-12.5%	1.6%	0.9%
1Y	9.4%	-10.8%	18.4%

Return vs Industry: SUMO exceeded the Australian Metals and Mining industry which returned -10.8% over the past year.

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

Price Volatility

Is SUMO's price volatile compared to industry and market?
SUMO volatility
SUMO Average Weekly Movement	21.4%
Metals and Mining Industry Average Movement	10.9%
Market Average Movement	8.6%
10% most volatile stocks in AU Market	17.3%
10% least volatile stocks in AU Market	3.3%

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

Volatility Over Time: SUMO's weekly volatility has decreased from 44% to 21% over the past year, but is still higher than 75% of Australian stocks.

About the Company

Founded	Employees	CEO	Website
2021	n/a	Gower He	summitminerals.com.au

Summit Minerals Limited, together with its subsidiaries, engages in the acquisition, exploration, and development of battery mineral projects in Brazil, Canada, Morocco, and Australia. It explores for niobium, partial rare earth oxide, tantalum, rare earth element, uranium, antimony, and lithium pegmatite deposits. Summit Minerals Limited was incorporated in 2021 and is headquartered in Mount Hawthorn, Australia.

Summit Minerals Limited Fundamentals Summary

How do Summit Minerals's earnings and revenue compare to its market cap?
SUMO fundamental statistics
Market cap	AU$13.57m
Earnings (TTM)	-AU$4.82m
Revenue (TTM)	AU$418.38k

32.4x

P/S Ratio

-2.8x

P/E Ratio

Is SUMO overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SUMO income statement (TTM)
Revenue	AU$418.38k
Cost of Revenue	AU$0
Gross Profit	AU$418.38k
Other Expenses	AU$5.24m
Earnings	-AU$4.82m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.057
Gross Margin	100.00%
Net Profit Margin	-1,152.92%
Debt/Equity Ratio	0%

How did SUMO perform over the long term?

See historical performance and comparison

Summit Minerals ASX:SUMO Stock Report