Alkane Resources (CHIA:ALK) - Stock Price, News & Analysis

ALK Stock Overview

Alkane Resources Limited operates as a gold exploration and production company in Australia.

ALK fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	5/6
Past Performance	1/6
Financial Health	6/6
Dividends	0/6

Rewards

Trading at 88.7% below our estimate of its fair value

Earnings are forecast to grow 29.63% per year

Analysts in good agreement that stock price will rise by 42.1%

Risk Analysis

High level of non-cash earnings

Profit margins (16.2%) are lower than last year (25.6%)

Alkane Resources Limited Competitors

Westgold Resources

ASX:WGX

AU$1.0b

Resolute Mining

ASX:RSG

AU$862.3m

Silver Lake Resources

ASX:SLR

AU$1.3b

West African Resources

ASX:WAF

AU$1.3b

Price History & Performance

Summary of all time highs, changes and price drops for Alkane Resources
Historical stock prices
Current Share Price	AU$0.65
52 Week High	AU$0.94
52 Week Low	AU$0.46
Beta	0.98
1 Month Change	12.07%
3 Month Change	18.18%
1 Year Change	-26.14%
3 Year Change	-12.75%
5 Year Change	182.61%
Change since IPO	109.68%

Recent updates

Shareholder Returns

	ALK	AU Metals and Mining	AU Market
7D	-2.3%	-0.7%	0.4%
1Y	-26.1%	-1.7%	6.0%

Return vs Industry: ALK underperformed the Australian Metals and Mining industry which returned -1.7% over the past year.

Return vs Market: ALK underperformed the Australian Market which returned 6% over the past year.

Price Volatility

Is ALK's price volatile compared to industry and market?
ALK volatility
ALK Average Weekly Movement	6.4%
Metals and Mining Industry Average Movement	12.4%
Market Average Movement	8.9%
10% most volatile stocks in AU Market	17.6%
10% least volatile stocks in AU Market	3.5%

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

Volatility Over Time: ALK's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1969	n/a	Nic Earner	www.alkane.com.au

Alkane Resources Limited operates as a gold exploration and production company in Australia. It explores for gold, copper, nickel, zinc, and silver deposits. The company also invests in junior gold mining companies and projects.

Alkane Resources Limited Fundamentals Summary

How do Alkane Resources's earnings and revenue compare to its market cap?
ALK fundamental statistics
Market cap	AU$395.25m
Earnings (TTM)	AU$30.18m
Revenue (TTM)	AU$186.12m

12.9x

P/E Ratio

2.1x

P/S Ratio

Is ALK overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ALK income statement (TTM)
Revenue	AU$186.12m
Cost of Revenue	AU$135.22m
Gross Profit	AU$50.90m
Other Expenses	AU$20.72m
Earnings	AU$30.18m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	0.05
Gross Margin	27.35%
Net Profit Margin	16.22%
Debt/Equity Ratio	0%

How did ALK perform over the long term?

See historical performance and comparison

ALK Stock Overview

Rewards

Risk Analysis

Alkane Resources Limited Competitors

ASX:WGX

AU$1.0b

ASX:RSG

AU$862.3m

ASX:SLR

AU$1.3b

ASX:WAF

AU$1.3b

Price History & Performance

Recent News & Updates

First half 2024 earnings released: EPS: AU$0.021 (vs AU$0.041 in 1H 2023)

New major risk - Earnings quality

Alkane Resources Limited, Annual General Meeting, Nov 21, 2023

Alkane Resources Limited Reports Ore Reserves and Mineral Resources for the Tomingley Gold Project (TDP) Which Includes the Tomingley Gold Operations

Full year 2023 earnings released: EPS: AU$0.071 (vs AU$0.12 in FY 2022)

Alkane Resources Limited (ASX:ALK) completed the acquisition of Two tenement packages in New South Wales from Sandfire Resources Limited (ASX:SFR).

Recent updates

First half 2024 earnings released: EPS: AU$0.021 (vs AU$0.041 in 1H 2023)

New major risk - Earnings quality

Alkane Resources Limited, Annual General Meeting, Nov 21, 2023

Alkane Resources Limited Reports Ore Reserves and Mineral Resources for the Tomingley Gold Project (TDP) Which Includes the Tomingley Gold Operations

Full year 2023 earnings released: EPS: AU$0.071 (vs AU$0.12 in FY 2022)

Alkane Resources Limited (ASX:ALK) completed the acquisition of Two tenement packages in New South Wales from Sandfire Resources Limited (ASX:SFR).

First half 2023 earnings released: EPS: AU$0.041 (vs AU$0.081 in 1H 2022)

Alkane Resources Limited Provides Production Guidance for the Fiscal Year 2023

Alkane Resources Limited Announces Further Results from Its Drilling Program At the Company's Northern Molong Porphyry Project in Central New South Wales

Alkane Resources Limited Announces Significant Gold Intercepts Outside Resource At Tomingley

Insufficient new directors

Alkane Resources Limited Announces Further Results from Its Drilling Program At Its Northern Molong Porphyry Project in Central New South Wales

Alkane Resources Limited, Annual General Meeting, Nov 28, 2022

Alkane Resources Limited Reports Ore Reserves and Mineral Resources for the Tomingley Gold Project

Alkane Resources Limited Announces Results from Initial Resource Drilling Program at the Company's Kaiser Prospect in Central New South Wales

Full year 2022 earnings released: EPS: AU$0.12 (vs AU$0.056 in FY 2021)

Alkane Resources Limited Announces First Set of Results from its Initial Resource Drilling Program at its Kaiser Prospect in Central New South Wales

Alkane Resources Limited Announces First Set of Results from its Initial Resource Drilling Program at its Kaiser Prospect in Central New South Wales

Alkane Resources Limited Announces That Tomingley Gold Operations in Central West New South Wales Has Exceeded Its Fy2022 Production Guidance

Alkane Resources Limited Announces Boda Resource Estimate of Approx 10.1M Gold Eq Ounces

Investor sentiment improved over the past week

Insufficient new directors

Investor sentiment improved over the past week

Alkane Resources Limited Announces the Final Set of Results from Its Initial Resource Drilling Program At the Boda Prospect in Central New South Wales

Investor sentiment improved over the past week

First half 2022 earnings: EPS in line with expectations, revenues disappoint

Alkane Resources Limited Announces an Update to its Drilling Program At Boda Prospect in Central New South Wales

Alkane Resources Limited Announces Intersection of Further High-Grade Mineralisation at the Company's Boda Prospect in Central New South Wales

Full year 2021 earnings released: EPS AU$0.056 (vs AU$0.024 in FY 2020)

Alkane Resources Limited Announces the Life of Mine (Lom) Plan

Alkane Resources Limited Provides Update on Northern Molong Porphyry Drilling

First half 2021 earnings released: EPS AU$0.028 (vs AU$0.015 in 1H 2020)

New 90-day low: AU$0.78

Alkane Resources Limited Announces Final Assays Received for Resource Drilling At San Antonio

New 90-day low: AU$0.84

Alkane Resources Limited Announces Intersection of Further High-Grade Mineralisation At Boda Prospect in Central New South Wales

Alkane Resources Limited Provides Resource Drilling Update for San Antonio

New 90-day low: AU$0.93

Sky Metals Limited (ASX:SKY) agreed to acquire The Galwadgere project from Alkane Resources Limited (ASX:ALK) for AUD 1.2 million.

New 90-day low: AU$1.02

Market pulls back on stock over the past week

Alkane Resources Limited Announces Significant Expansion to Mineralisation at Boda

Alkane Resources Limited Announces Updated Roswell Resource Lifts by 50% to 660,000OZ

New 90-day high: AU$1.36

Earnings released

Alkane Resources Limited (ASX:ALK) completed the spin-off of Australian Strategic Materials Ltd.

New 90-day high - AU$1.31

Alkane Resources Limited(ASX:ALK) dropped from S&P/ASX Emerging Companies Index

Shareholder Returns

Price Volatility

About the Company

Alkane Resources Limited Fundamentals Summary

12.9x

2.1x

Earnings & Revenue