Alto Metals (CHIA:AME) - Stock Price, News & Analysis

AME Stock Overview

Primarily explores for gold properties in Western Australia. More details

AME fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	0/6
Financial Health	4/6
Dividends	0/6

Risk Analysis

Earnings have declined by 13.8% per year over past 5 years

Makes less than USD$1m in revenue (A$72K)

Has less than 1 year of cash runway

Does not have a meaningful market cap (A$60M)

Alto Metals Limited Competitors

Kaiser Reef

ASX:KAU

AU$40.2m

Barton Gold Holdings

ASX:BGD

AU$56.9m

Medallion Metals

ASX:MM8

AU$33.5m

Rox Resources

ASX:RXL

AU$63.6m

Price History & Performance

Summary of all time highs, changes and price drops for Alto Metals
Historical stock prices
Current Share Price	AU$0.083
52 Week High	AU$0.091
52 Week Low	AU$0.025
Beta	-0.31
11 Month Change	23.88%
3 Month Change	33.87%
1 Year Change	97.62%
33 Year Change	-20.95%
5 Year Change	130.56%
Change since IPO	-24.54%

Recent updates

Shareholder Returns

	AME	AU Metals and Mining	AU Market
7D	5.1%	1.6%	0.9%
1Y	97.6%	-10.8%	18.4%

Return vs Industry: AME exceeded the Australian Metals and Mining industry which returned -11.3% over the past year.

Return vs Market: AME exceeded the Australian Market which returned 17.7% over the past year.

Price Volatility

Is AME's price volatile compared to industry and market?
AME volatility
AME Average Weekly Movement	7.7%
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: AME has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: AME's weekly volatility has decreased from 19% to 8% over the past year.

About the Company

Founded	Employees	CEO	Website
2012	n/a	Matthew Bowles	www.altometals.com.au

Alto Metals Limited primarily explores for gold properties in Western Australia. It holds a 100% interest in Sandstone Gold project covering an area of approximately 740 square kilometers located in the East Murchison Mineral field in Western Australia. The company was formerly known as Enterprise Uranium Limited and changed its name to Alto Metals Limited in May 2016.

Alto Metals Limited Fundamentals Summary

How do Alto Metals's earnings and revenue compare to its market cap?
AME fundamental statistics
Market cap	AU$59.89m
Earnings (TTM)	-AU$1.90m
Revenue (TTM)	AU$71.91k

832.8x

P/S Ratio

-31.6x

P/E Ratio

Is AME overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
AME income statement (TTM)
Revenue	AU$71.91k
Cost of Revenue	AU$0
Gross Profit	AU$71.91k
Other Expenses	AU$1.97m
Earnings	-AU$1.90m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.0026
Gross Margin	100.00%
Net Profit Margin	-2,637.78%
Debt/Equity Ratio	0%

How did AME perform over the long term?

See historical performance and comparison

AME Stock Overview

Risk Analysis

Alto Metals Limited Competitors

ASX:KAU

AU$40.2m

ASX:BGD

AU$56.9m

ASX:MM8

AU$33.5m

ASX:RXL

AU$63.6m

Price History & Performance

Recent News & Updates

Patronus Resources Limited (ASX:PTN) completed the acquisition of 8.42% stake in Alto Metals Limited (ASX:AME).

New minor risk - Financial data availability

New major risk - Share price stability

Brightstar Resources Limited (ASX:BTR) entered into Scheme Implementation Deed to acquire Alto Metals Limited (ASX:AME) from Windsong Valley Pty. Ltd. and others for AUD 43.3 million.

New major risk - Financial position

Alto Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.1 million.

Recent updates

Patronus Resources Limited (ASX:PTN) completed the acquisition of 8.42% stake in Alto Metals Limited (ASX:AME).

New minor risk - Financial data availability

New major risk - Share price stability

Brightstar Resources Limited (ASX:BTR) entered into Scheme Implementation Deed to acquire Alto Metals Limited (ASX:AME) from Windsong Valley Pty. Ltd. and others for AUD 43.3 million.

New major risk - Financial position

Alto Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.1 million.

Alto Metals Limited, Annual General Meeting, Nov 30, 2023

New major risk - Shareholder dilution

New major risk - Market cap size

New major risk - Shareholder dilution

New minor risk - Share price stability

Alto Metals Limited Announces Maiden RC Drilling Program At the Historic High-Grade Oroya Mine, Located At Sandstone Gold Project

Alto Metals Limited Announces Retirement of Jingbin Wang as Non-Executive Director

Alto Metals Limited Reports Further Gold Results from Drilling At the Indomitable Camp, Within the Company's 100% Owned, Sandstone Gold Project, in Western Australia

Alto Metals Limited Announces Maiden RC Drilling Program Underway at High-Grade Oroya Mine

Alto Metals Limited, Annual General Meeting, Nov 30, 2022

Alto Metals Limited Reports Shallow High-Grade Gold Results Continue from Indomitable

Alto Metals Limited Reports Shallow High-Grade Gold Results Continue from Indomitable

Alto Metals Limited Announces Board Changes

Alto Metals Limited Reports Ongoing Regional Evaluation of the Multiple Advanced Prospects Within the Company's 100% Owned Sandstone Gold Project

Alto Metals Limited Provides an Update on Sandstone Gold Project, in Western Australia

Alto Metals Limited Reports Further Excellent High-Grade Gold Results from Ongoing Drilling At the Indomitable Camp, Within the Company's 100% Owned, Sandstone Gold Project, in Western Australia

Alto Metals Limited to Report Outstanding Near Surface High-Grade Gold Results from Ongoing Drilling at the Indomitable Camp

Alto Metals Limited Reports Gold Results from Ongoing Drilling at the Indomitable Camp

Alto Metals Limited Reports High Grade Gold Mineralisation Extended At Juno

Alto Metals Limited Reports Further High-Grade Gold Assay Results from RC Drilling Below the Lord Nelson Pit Sandstone Gold Project, in Western Australia

Alto Metals Limited Announces Major Drilling Program at Sandstone Gold Project

Alto Metals Limited Reports Significant Gold Results from Extensional Drilling at Indomitable from the Major Drilling Program Completed at the End of 2021 at the company's 100% Owned, 900Km2 Sandstone Gold Project, in Western Australia

Alto Metals Limited Reports Gold Results from the Havilah Maninga Marley Prospect Along with Final Lord Henry Assay Results from the Major Drilling Program Sandstone Gold Project, in Western Australia

Alto Metals Limited Reports Gold Results from Drilling Program at Sandstone Gold Project in Western Australia

Alto Metals Limited Announces Further Significant Assay Results from Step-Out Drilling at Vanguard Camp

Alto Metals Limited Announces High-Grade Gold Results Continue at the Lords Corridor

Alto Metals Limited Announces Diamond Drilling Underway At the Sandstone Gold Project

Alto Metals Limited Discovers New Zone of Gold Mineralisation at the Lords

Alto Metals Limited Provides Update on Exploration Program at Sandstone Gold Project

Alto Metals Limited (ASX:AME) signed an agreement to acquire E57/1108 Tenement from Gateway Mining Limited (ASX:GML) for AUD 0.05 million.

Alto Metals Limited Announces Assay Excellent Results from Drilling At the Vanguard Camp

Alto Metals Limited Announces Significant Gold Targets Defined At Depth as the Lords Corridor Continues to Grow Sandstone Gold Project

Alto Metals Limited Announces to Provide an Update of Recent Exploration Activities at its Sandstone Gold Project in Western Australia

Habrok (Alto) Pty Limited cancelled the acquisition of 10.8% in Alto Metals Limited (ASX:AME) from Adaman Minerals Pty Ltd.

Alto Metals Limited Announces Hexcellent Gold Recoveries At Lord Nelson, Sandstone Gold Project

Habrok Mining Pty Limited completed the acquisition of an unknown stake in Alto Metals Limited (ASX:AME) from a group of shareholders.

Alto Metals Limited announced that it expects to receive AUD 6.479892 million in funding

Goldsea Australia Mining Pty Ltd cancelled the offer for the acquisitionof Alto Metals Limited (ASX:AME) from GS Group Australia Pty Ltd, Harvest Lane Asset Management Pty Ltd and others.