De Grey Mining (CHIA:DEG) - Stock Price, News & Analysis

DEG Stock Overview

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

DEG fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	3/6
Past Performance	0/6
Financial Health	6/6
Dividends	0/6

Rewards

Trading at 79% below our estimate of its fair value

Earnings are forecast to grow 67.07% per year

Risk Analysis

Makes less than USD$1m in revenue (A$42K)

Shareholders have been diluted in the past year

De Grey Mining Limited Competitors

Westgold Resources

ASX:WGX

AU$2.7b

Perseus Mining

ASX:PRU

AU$3.6b

Ramelius Resources

ASX:RMS

AU$2.4b

West African Resources

ASX:WAF

AU$1.7b

Price History & Performance

Summary of all time highs, changes and price drops for De Grey Mining
Historical stock prices
Current Share Price	AU$1.50
52 Week High	AU$1.54
52 Week Low	AU$0.99
Beta	-0.78
11 Month Change	3.81%
3 Month Change	23.46%
1 Year Change	16.73%
33 Year Change	20.48%
5 Year Change	3,309.09%
Change since IPO	3,650.00%

Recent updates

Shareholder Returns

	DEG	AU Metals and Mining	AU Market
7D	6.4%	1.6%	0.9%
1Y	16.7%	-10.8%	18.4%

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

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

Price Volatility

Is DEG's price volatile compared to industry and market?
DEG volatility
DEG Average Weekly Movement	5.4%
Metals and Mining Industry Average Movement	11.0%
Market Average Movement	8.5%
10% most volatile stocks in AU Market	17.5%
10% least volatile stocks in AU Market	3.2%

Stable Share Price: DEG has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: DEG's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2000	137	Glenn R. Jardine	degreymining.com.au

De Grey Mining Limited engages in the exploration of mineral properties in Australia. The company primarily holds 100% interest in the Hemi Gold project covering an area of approximately 1,500 square kilometers located in the Pilbara region of Western Australia. De Grey Mining Limited was incorporated in 2000 and is headquartered in West Perth, Australia.

De Grey Mining Limited Fundamentals Summary

How do De Grey Mining's earnings and revenue compare to its market cap?
DEG fundamental statistics
Market cap	AU$3.60b
Earnings (TTM)	-AU$17.22m
Revenue (TTM)	AU$41.54k

Over9,999x

P/S Ratio

-208.8x

P/E Ratio

Is DEG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
DEG income statement (TTM)
Revenue	AU$41.54k
Cost of Revenue	AU$0
Gross Profit	AU$41.54k
Other Expenses	AU$17.26m
Earnings	-AU$17.22m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.0072
Gross Margin	100.00%
Net Profit Margin	-41,458.33%
Debt/Equity Ratio	0%

How did DEG perform over the long term?

See historical performance and comparison

DEG Stock Overview

Rewards

Risk Analysis

De Grey Mining Limited Competitors

ASX:WGX

AU$2.7b

ASX:PRU

AU$3.6b

ASX:RMS

AU$2.4b

ASX:WAF

AU$1.7b

Price History & Performance

Recent News & Updates

De Grey Mining Ltd Provides Progress Update on Exploration Activities At the Egina Gold Project

De Grey Mining Limited, Annual General Meeting, Nov 19, 2024

Full year 2024 earnings released: AU$0.009 loss per share (vs AU$0.013 loss in FY 2023)

Forecast to breakeven in 2027

Novo Resources Corp. Provides an Update on Follow-Up Drill Programs At the Becher Project Which Is Part of the Egina Earn-In and Joint Venture with De Grey Mining Limited

New major risk - Shareholder dilution

Recent updates

De Grey Mining Ltd Provides Progress Update on Exploration Activities At the Egina Gold Project

De Grey Mining Limited, Annual General Meeting, Nov 19, 2024

Full year 2024 earnings released: AU$0.009 loss per share (vs AU$0.013 loss in FY 2023)

Forecast to breakeven in 2027

Novo Resources Corp. Provides an Update on Follow-Up Drill Programs At the Becher Project Which Is Part of the Egina Earn-In and Joint Venture with De Grey Mining Limited

New major risk - Shareholder dilution

New minor risk - Profitability

De Grey Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 600.03125 million.

First half 2024 earnings released: AU$0.004 loss per share (vs AU$0.005 loss in 1H 2023)

Lead Independent Non-Executive Director recently sold AU$296k worth of stock

Non-Executive Chairman recently sold AU$303k worth of stock

De Grey Mining Limited, Annual General Meeting, Nov 23, 2023

New major risk - Revenue and earnings growth

Full year 2023 earnings released: AU$0.012 loss per share (vs AU$0.008 loss in FY 2022)

New major risk - Financial position

De Grey Mining Limited Announces the Executive Changes

Technical Director & Director recently sold AU$1.0m worth of stock

First half 2023 earnings released: AU$0.005 loss per share (vs AU$0.005 loss in 1H 2022)

Lead Independent Non-Executive Director recently sold AU$605k worth of stock

De Grey Mining Limited Appoints Mr. Peter Holmes as Hemi Project Director

De Grey Mining Limited Reports an Exploration Update from RC Drilling At Withnell and Withnell South Areas

De Grey Mining Limited Appoints Emma Scotney as an Independent Non-Executive Director

De Grey Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 0.099999 million.

De Grey Mining Limited Provides an Exploration Update on Recent Drilling Activities Within the Greater Hemi Corridor

Less than half of directors are independent

Less than half of directors are independent

De Grey Mining Limited Announces Resignation of Samantha Hogg as Non-Executive Director

De Grey Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 130 million.

De Grey Mining Limited, Annual General Meeting, Nov 24, 2022

Full year 2022 earnings released: AU$0.008 loss per share (vs AU$0.004 loss in FY 2021)

De Grey Mining Limited Announces the Resignation of Eduard Eshuys from the Board

De Grey Mining Limited Announces Prefeasibility Study Outcomes - Mallina Gold Project

De Grey Mining Limited Reports Latest Resource Extension and Infill Drilling Results from the Diucon Deposit At Hemi

De Grey Appoints Paul Harvey as Non-Executive Director

De Grey Mining Limited Reports That the Mallina Gold Project Mineral Resource Estimate (Mre) Update Has Been Completed by Cube Consulting Pty Ltd

De Grey Mining Limited Reports the Results of Pilot Scale Metallurgical Testwork from Its Brolga Zone At Hemi

De Grey Mining Limited Reports the Results of Pilot Scale Metallurgical Testwork from Its Brolga Zone At Hemi

Less than half of directors are independent

First half 2022 earnings: Revenues and EPS in line with analyst expectations

De Grey Mining Limited Announces Outstanding Results from Diucon Deposit at Hemi

De Grey Mining Limited Reports Near Surface High Grade and Depth Extensions At Falcon

De Grey Mining Limited Announces Board Changes

Technical Director & Director recently sold AU$2.2m worth of stock

De Grey Mining Limited Reports Latest Resource Definition Results from the Diucon Deposit At Hemi

De Grey Mining Limited Reports Latest Exploration Results from the Eagle Zone At Hemi

Non-Executive Chairman recently sold AU$599k worth of stock

Full year 2021 earnings released: AU$0.004 loss per share (vs AU$0.004 loss in FY 2020)

De Grey Mining Limited Reports These Latest Exploration Results from the Diucon Deposit

De Grey Mining Limited Provides the Following Drilling Update At the Hemi Gold Discovery

De Grey Mining Limited Provides the Following Drilling Update At the Hemi Gold Discovery, Located Approximately 60Km South of Port Hedland in Western Australia

De Grey Mining Limited Provides Drilling Updates At Diucon – Eagle

De Grey Mining Limited Announces Extensional Results Show Brolga Plunge Potential

First half 2021 earnings released: AU$0.003 loss per share (vs AU$0.002 loss in 1H 2020)

De Grey Mining Limited Announces Rapid Growth at Diucon and Eagle

De Grey Mining Limited Provides Drilling Update at the Hemi Gold Discovery

De Grey Mining Limited Provides Drilling Update At the Hemi Gold Discovery

De Grey Mining Limited Announces Further Metallurgical Testwork Confirms High Gold Recoveries at the Mallina Gold Project

De Grey Mining Limited Provides an Exploration Update for Activities At the Greater Hemi Intrusion Targets, Surrounding the Hemi Gold Discovery, Located Approximately 60Km South of Port Hedland in Western Australia

New 90-day low: AU$0.93