How does ADD's PS Ratio compare to its peers?

ADD is expensive based on its Price-To-Sales Ratio (35.4x) compared to the peer average (14.5x).

How does ADD's PS Ratio compare vs other companies in the AU Metals and Mining Industry?

ADD is good value based on its Price-To-Sales Ratio (35.4x) compared to the Australian Metals and Mining industry average (62.4x).

What is ADD's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate ADD's Price-To-Sales Fair Ratio for valuation analysis.

What is the Fair Price of ADD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Insufficient data to calculate ADD's fair value for valuation analysis.

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

Adavale Resources (CHIA:ADD) - Stock Price, News & Analysis

ADD Stock Overview

Engages in the exploration of mineral properties in Tanzania and Australia. More details

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

Risk Analysis

Makes less than USD$1m in revenue (A$104K)

Earnings have declined by 39.9% per year over past 5 years

Shareholders have been substantially diluted in the past year

Does not have a meaningful market cap (A$4M)

+ 1 more risk

Adavale Resources Limited Competitors

Cooper Metals

ASX:CPM

AU$3.7m

Canterbury Resources

ASX:CBY

AU$4.3m

Thomson Resources

ASX:TMZ

AU$4.3m

Dalaroo Metals

ASX:DAL

AU$5.0m

Price History & Performance

Summary of all time highs, changes and price drops for Adavale Resources
Historical stock prices
Current Share Price	AU$0.0025
52 Week High	AU$0.013
52 Week Low	AU$0.002
Beta	0.96
11 Month Change	-16.67%
3 Month Change	-16.67%
1 Year Change	-68.75%
33 Year Change	-94.19%
5 Year Change	n/a
Change since IPO	-92.86%

Recent updates

Shareholder Returns

	ADD	AU Metals and Mining	AU Market
7D	-16.7%	0.2%	1.5%
1Y	-68.8%	-10.8%	17.9%

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

Return vs Market: ADD underperformed the Australian Market which returned 17.9% over the past year.

Price Volatility

Is ADD's price volatile compared to industry and market?
ADD volatility
ADD Average Weekly Movement	38.8%
Metals and Mining Industry Average Movement	10.9%
Market Average Movement	8.5%
10% most volatile stocks in AU Market	17.3%
10% least volatile stocks in AU Market	3.2%

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

Volatility Over Time: ADD's weekly volatility has increased from 26% to 39% over the past year.

About the Company

Founded	Employees	CEO	Website
1969	n/a	Allan Ritchie	www.adavaleresources.com

Adavale Resources Limited engages in the exploration of mineral properties in Tanzania and Australia. It explores for uranium and nickel deposits. The company’s flagship projects include the Kabanga Jirani and Luhuma projects located in Tanzania.

Adavale Resources Limited Fundamentals Summary

How do Adavale Resources's earnings and revenue compare to its market cap?
ADD fundamental statistics
Market cap	AU$3.67m
Earnings (TTM)	-AU$4.70m
Revenue (TTM)	AU$103.64k

35.4x

P/S Ratio

-0.8x

P/E Ratio

Is ADD overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ADD income statement (TTM)
Revenue	AU$103.64k
Cost of Revenue	AU$0
Gross Profit	AU$103.64k
Other Expenses	AU$4.80m
Earnings	-AU$4.70m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.0038
Gross Margin	100.00%
Net Profit Margin	-4,535.53%
Debt/Equity Ratio	0%

How did ADD perform over the long term?

See historical performance and comparison

ADD Stock Overview

Risk Analysis

Adavale Resources Limited Competitors

ASX:CPM

AU$3.7m

ASX:CBY

AU$4.3m

ASX:TMZ

AU$4.3m

ASX:DAL

AU$5.0m

Price History & Performance

Recent News & Updates

Adavale Resources Limited Announces Board Changes, Effective 31 October 2024

Adavale Resources Limited, Annual General Meeting, Nov 29, 2024

Adavale Resources Limited (ASX:ADD) completed the acquisition of Exploration Licence 6553 from Kilonova Metals Pty Ltd.

Adavale Resources Limited (ASX:ADD) completed the acquisition of Exploration Licence 6553 from Kilonova Metals Pty Ltd.

Adavale Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1.5 million.

New major risk - Shareholder dilution

Recent updates

Adavale Resources Limited Announces Board Changes, Effective 31 October 2024

Adavale Resources Limited, Annual General Meeting, Nov 29, 2024

Adavale Resources Limited (ASX:ADD) completed the acquisition of Exploration Licence 6553 from Kilonova Metals Pty Ltd.

Adavale Resources Limited (ASX:ADD) completed the acquisition of Exploration Licence 6553 from Kilonova Metals Pty Ltd.

Adavale Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1.5 million.

New major risk - Shareholder dilution

New major risk - Share price stability

Adavale Resources Limited, Annual General Meeting, Nov 24, 2023

New major risk - Negative shareholders equity

New major risk - Shareholder dilution

Adavale Resources Limited Announces Nickel Sulphide Host Rocks Intercepted At Kabanga Jirani

Adavale Resources Limited Intersects A Prospective Layered Mafic and Possibly Ultramafic Intrusions Containing Visible Low Tenor Iron Rich Sulphide Zones in the Initial Two-Holes Testing the HEM 2 Target Area

Adavale Resources Limited Receives Approval for Drilling Lake Surprise Uranium Project

Less than half of directors are independent

Adavale Resources Limited Announces Diamond Drilling Underway At Kabanga Jirani Nickel Project

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

Adavale Resources Limited Announces Drill Rig Mobilising to Kabanga Jirani and Luhuma Projects

Adavale Resources Limited Announces Approvals Advanced for Drilling At Lake Surprise Project

Adavale Resources Limited Advises the Helicopter-Borne Electromagnetic Survey

Adavale Resources Limited Commences Helicopter-Borne Electromagnetic Survey at Kabanga Jirani and Luhuma Nickel Projects Located in Tanzania

Adavale Resources Limited Selects 9 High-Priority Areas for Immediate Heli-Borne EM Survey

Adavale Resources Limited Announces Significant Progress on Upcoming Low-Cost Air-Core Uranium Drilling Campaign on 100% Owned Uranium Tenements At Lake Surprise Uranium Project, South Australia

Adavale Resources Limited Announces Significant Progress on Upcoming Low-Cost Air-Core Uranium Drilling Campaign on 100% Owned Uranium Tenements At Lake Surprise Uranium Project, South Australia

Adavale Resources Limited Announces Outstanding Results from Current Ground-Based Gravity Survey Program at its 100% Owned Kabanga Jirani Nickel Project and Farmed-In Luhuma Nickel Project

Less than half of directors are independent

Adavale Resources Limited Advises the Positive Survey Results Received from the Gravity Survey Commenced Last Month

Adavale Resources Limited Commences Exploring At Luhuma Nickel Project

Adavale Resources Limited Announces Lake Surprise Uranium Geochemistry Results

Adavale Resources Limited Provides Update on Early 2022 Exploration Plans

Adavale Resources Limited Announces Results from the Recent Work Program on Its 100% Owned Lake Surprise Uranium Project Tenements in South Australia

Independent Non-Executive Director Stergios Georgiadis has left the company

Adavale Commences Maiden Drilling Ahead of Schedule

Adavale Resources Limited Announces Rig and Drilling Crew Arrive on Site

Adavale Granted Ruiza North East Licence

Adavale Resources Provides A Brief Update on Its Preparation for Drilling in June

Adavale Resources Provides Update on its Exploration Work to Refine Drill Targets for the Phase 1 Drilling Program, on Track to Commence in June 2021

Adavale Resources Limited Provides Update on Initial Exploration Program Undertaken in the Last Six Weeks of 2020

Adavale Resources Limited Provides an Update of Next Phase of Fieldwork and Summary of the Technical Background Behind its Exploration Program

Adavale Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.503675 million.

Tanzanian Mining Commission Grants Adavale Resources Limited Four Nickel Sulphide Prospecting Licences, Namely Burigi, Burigi North, Kabanga East and Kabanga West Licences. Adavale's Licences Now Total Six with A Combined

Adavale Resources Limited Provides Nickel Sulphide Exploration

Adavale Resources Limited announced that it expects to receive AUD 1.4 million in funding from Ausbil Investment Management Limited

Adavale Resources Limited, Annual General Meeting, Dec 21, 2020

Adavale Resources Limited Announces Commencement of Nickel Sulphide Field Exploration Program

Adavale Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.29 million.

Adavale Resources Limited Lodges Prospecting Licence Application over the Burigi North Nickel Sulphide Prospect in NW Tanzania

Adavale Resources Limited Obtains Exploration Data and Target Generation

Adavale Resources Limited Appoints Allan Ritchie as CEO

Shareholder Returns

Price Volatility

About the Company

Adavale Resources Limited Fundamentals Summary

35.4x

-0.8x

Earnings & Revenue