Eastern Resources (CHIA:EFE) - Stock Price, News & Analysis

EFE Stock Overview

Engages in the exploration for iron ore, precious, and base metals resources in Australia.

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

Rewards

Risk Analysis

Earnings have declined by 14.2% per year over past 5 years

Does not have a meaningful market cap (A$5M)

Highly volatile share price over the past 3 months

Has less than 1 year of cash runway

+ 1 more risk

Eastern Resources Limited Competitors

Equatorial Resources

ASX:EQX

AU$15.8m

Bowen Coking Coal

ASX:BCB

AU$34.2m

Firebird Metals

ASX:FRB

AU$17.1m

Australian Pacific Coal

ASX:AQC

AU$90.7m

Price History & Performance

Summary of all time highs, changes and price drops for Eastern Resources
Historical stock prices
Current Share Price	AU$0.004
52 Week High	AU$0.014
52 Week Low	AU$0.004
Beta	-0.27
11 Month Change	0%
3 Month Change	-27.27%
1 Year Change	-55.56%
33 Year Change	-87.50%
5 Year Change	-19.98%
Change since IPO	-49.99%

Recent updates

Shareholder Returns

	EFE	AU Metals and Mining	AU Market
7D	0%	12.7%	1.7%
1Y	-55.6%	1.4%	17.2%

Return vs Industry: EFE underperformed the Australian Metals and Mining industry which returned 1.4% over the past year.

Return vs Market: EFE underperformed the Australian Market which returned 17.2% over the past year.

Price Volatility

Is EFE's price volatile compared to industry and market?
EFE volatility
EFE Average Weekly Movement	22.7%
Metals and Mining Industry Average Movement	11.6%
Market Average Movement	9.0%
10% most volatile stocks in AU Market	17.4%
10% least volatile stocks in AU Market	3.6%

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

Volatility Over Time: EFE's weekly volatility (23%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

Founded	Employees	CEO	Website
2007	n/a	n/a	www.easternresources.com.au

Eastern Resources Limited engages in the exploration for iron ore, precious, and base metals resources in Australia. The company also explores for copper and lithium deposits. Its holds interest in the Nowa Nowa Iron project located in Victoria; and the Nowa Nowa Copper project located in Eastern Victoria.

Eastern Resources Limited Fundamentals Summary

How do Eastern Resources's earnings and revenue compare to its market cap?
EFE fundamental statistics
Market cap	AU$4.97m
Earnings (TTM)	-AU$843.97k
Revenue (TTM)	AU$184.21k

27.0x

P/S Ratio

-5.9x

P/E Ratio

Is EFE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
EFE income statement (TTM)
Revenue	AU$184.21k
Cost of Revenue	AU$0
Gross Profit	AU$184.21k
Other Expenses	AU$1.03m
Earnings	-AU$843.97k

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.00068
Gross Margin	100.00%
Net Profit Margin	-458.17%
Debt/Equity Ratio	0%

How did EFE perform over the long term?

See historical performance and comparison

EFE Stock Overview

Rewards

Risk Analysis

Eastern Resources Limited Competitors

ASX:EQX

AU$15.8m

ASX:BCB

AU$34.2m

ASX:FRB

AU$17.1m

ASX:AQC

AU$90.7m

Price History & Performance

Recent News & Updates

New minor risk - Financial data availability

New major risk - Share price stability

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

Full year 2023 earnings released: AU$0.001 loss per share (vs AU$0.003 loss in FY 2022)

Eastern Resources Limited (ASX:EFE) completed the acquisition of 70% interest of Lepidolite Hill Lithium Project from Lithium Australia Limited (ASX:LIT).

Eastern Resources Limited (ASX:EFE) entered into a binding agreement to acquire Lepidolite Hill Lithium Project from Lithium Australia Limited (ASX:LIT) for AUD 0.55 million.

Recent updates

New minor risk - Financial data availability

New major risk - Share price stability

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

Full year 2023 earnings released: AU$0.001 loss per share (vs AU$0.003 loss in FY 2022)

Eastern Resources Limited (ASX:EFE) completed the acquisition of 70% interest of Lepidolite Hill Lithium Project from Lithium Australia Limited (ASX:LIT).

Eastern Resources Limited (ASX:EFE) entered into a binding agreement to acquire Lepidolite Hill Lithium Project from Lithium Australia Limited (ASX:LIT) for AUD 0.55 million.

Eastern Resources Limited Announces Assays from Maiden Drilling At Trigg Hill Confirm Presence of Lithium

Eastern Resources Limited Announces Spodumene has been Identified in Drill Samples at the Trigg Hill Project

Eastern Resources Limited Commences Phase 2 Reverse Circulation (Rc) Drilling At the Trigg Hill Lithium Project

Eastern Resources Limited Announces That Heritage Inspection Completed At the Taylor Lookout Lithium-Tantalum Project in the Kimberley Region, Western Australia

Eastern Resources Limited Announces Pegmatites Identified At Yalgoo West Project

Eastern Resources Limited, Annual General Meeting, Nov 22, 2022

Eastern Resources Limited announced that it expects to receive AUD 3.011 million in funding from Yahua International Investment Development Co., Ltd. and other investors

Eastern Resources Limited Receives Confirmation from the WA Department of Mines

Eastern Resources Limited Announces Commencement of Drilling At Trigg Hill Project

Eastern Resources Limited Announces That Drilling Set to Commence At Trigg Hill Project

Eastern Resources Limited Approves Programme of Work and Site Preparation Set to Commence At Trigg Hill Project

Eastern Resources Limited Announces Significant Lithium Assay Results at Trigg Hill Lithium-Tantalum Project

Eastern Resources Limited Announces Significant Lithium Assay Results at Trigg Hill Lithium-Tantalum Project

Eastern Resources Limited Announces Outstanding Initial Assay Results from Its Recent Field Works At Trigg Hill Lithium-Tantalum Project in the East Pilbara

Eastern Resources Limited Announces the Phase II Mapping and Sampling Program At the Trigg Hill Lithium-Tantalum Project

Eastern Resources Limited Announces Positively Completed its Due Diligence on the Taylor Lookout Lithium-Tantalum Project

Eastern Resources Limited Announces Changes of Company Secretary

Eastern Resources Limited Announces Positive Feasibility Study for Nowa Nowa Iron Project

Eastern Resources Limited Announces Retention Licence Granted for Nowa Iron Project

High number of new directors

Independent Non-Executive Director Therese-Marie Taylor has left the company

Eastern Iron Limited Announces Review of Operations

Full year 2021 earnings released: AU$0.001 loss per share (vs AU$0.001 loss in FY 2020)

Eastern Iron Limited announced that it expects to receive AUD 3.565 million in funding from Sichuan Yahua Industrial Group Co., Ltd. and other investors

Eastern Iron Limited Provides Update Regarding Activity At the Wholly Owned Nowa Nowa Iron Project in Eastern Victoria

Eastern Iron Limited announced that it expects to receive AUD 1.1 million in funding

Eastern Iron Limited, Annual General Meeting, Jan 29, 2021

Eastern Iron Limited Announces Work Program of Drilling Proposal for Nowa Nowa Copper Project El 006183 Has Been Submitted to the Victorian Department of Jobs, Precincts and Regions

Full year earnings released - AU$0.0011 loss per share

Eastern Iron Limited Re-Commences Exploration Activities at its Nowa Nowa Copper Project