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$11M)

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

My Notes

Capture your thoughts, links and company narrative

Summit Minerals Limited Competitors

Nimy Resources

ASX:NIM

AU$10.5m

Power Minerals

ASX:PNN

AU$10.8m

Pacific Nickel Mines

ASX:PNM

AU$10.1m

WestStar Industrial

ASX:WSI

AU$11.2m

Price History & Performance

Summary of share price highs, lows and changes for Summit Minerals
Historical stock prices
Current Share Price	AU$0.03
52 Week High	AU$0.29
52 Week Low	AU$0.01
Beta	-0.74
1 Month Change	-25.00%
3 Month Change	-64.71%
1 Year Change	76.47%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-3.23%

Recent updates

Shareholder Returns

	SUMO	AU Metals and Mining	AU Market
7D	-25.0%	-2.1%	-1.0%
1Y	76.5%	-18.8%	8.5%

Return vs Industry: SUMO exceeded the Australian Metals and Mining industry which returned -18.8% over the past year.

Return vs Market: SUMO exceeded the Australian Market which returned 8.5% over the past year.

Price Volatility

Is SUMO's price volatile compared to industry and market?
SUMO volatility
SUMO Average Weekly Movement	25.3%
Metals and Mining Industry Average Movement	10.7%
Market Average Movement	8.0%
10% most volatile stocks in AU Market	16.7%
10% least volatile stocks in AU Market	3.1%

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 43% to 25% 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$10.60m
Earnings (TTM)	-AU$4.82m
Revenue (TTM)	AU$418.38k

25.3x

P/S Ratio

-2.2x

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

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/25 03:32
End of Day Share Price	2024/12/24 00:00
Earnings	2024/06/30
Annual Earnings	2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Summit Minerals Limited is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution