Golden State Mining (CHIA:GSM) - Stock Price, News & Analysis

GSM Stock Overview

Through its subsidiaries, engages in the exploration, evaluation, and investment of mineral properties in Australia.

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

Rewards

Risk Analysis

Makes less than USD$1m in revenue (A$30K)

Does not have a meaningful market cap (A$3M)

Has less than 1 year of cash runway

Earnings have declined by 6.6% per year over past 5 years

+ 3 more risks

Golden State Mining Limited Competitors

Arcadia Minerals

ASX:AM7

AU$4.1m

Australia United Mining

ASX:AYM

AU$3.7m

Emu

ASX:EMU

AU$3.0m

First Au

ASX:FAU

AU$3.6m

Price History & Performance

Summary of all time highs, changes and price drops for Golden State Mining
Historical stock prices
Current Share Price	AU$0.011
52 Week High	AU$0.042
52 Week Low	AU$0.009
Beta	0.62
11 Month Change	0%
3 Month Change	0%
1 Year Change	-70.27%
33 Year Change	-92.41%
5 Year Change	n/a
Change since IPO	-93.33%

Recent updates

Shareholder Returns

	GSM	AU Metals and Mining	AU Market
7D	0%	10.0%	0.3%
1Y	-70.3%	0.2%	16.1%

Return vs Industry: GSM underperformed the Australian Metals and Mining industry which returned 0.2% over the past year.

Return vs Market: GSM underperformed the Australian Market which returned 16.1% over the past year.

Price Volatility

Is GSM's price volatile compared to industry and market?
GSM volatility
GSM Average Weekly Movement	17.1%
Metals and Mining Industry Average Movement	11.6%
Market Average Movement	8.9%
10% most volatile stocks in AU Market	17.2%
10% least volatile stocks in AU Market	3.6%

Stable Share Price: GSM has not had significant price volatility in the past 3 months.

Volatility Over Time: GSM's weekly volatility (17%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

Founded	Employees	CEO	Website
2017	n/a	Mike Moore	goldenstatemining.com.au

Golden State Mining Limited, through its subsidiaries, engages in the exploration, evaluation, and investment of mineral properties in Australia. It explores for gold, lithium, nickel, base metal, and rare earth element deposits. The company was incorporated in 2017 and is based in West Perth, Australia.

Golden State Mining Limited Fundamentals Summary

How do Golden State Mining's earnings and revenue compare to its market cap?
GSM fundamental statistics
Market cap	AU$3.35m
Earnings (TTM)	-AU$3.10m
Revenue (TTM)	AU$30.00k

111.7x

P/S Ratio

-1.1x

P/E Ratio

Is GSM overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
GSM income statement (TTM)
Revenue	AU$30.00k
Cost of Revenue	AU$0
Gross Profit	AU$30.00k
Other Expenses	AU$3.13m
Earnings	-AU$3.10m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	-0.011
Gross Margin	100.00%
Net Profit Margin	-10,333.65%
Debt/Equity Ratio	0%

How did GSM perform over the long term?

See historical performance and comparison

GSM Stock Overview

Rewards

Risk Analysis

Golden State Mining Limited Competitors

ASX:AM7

AU$4.1m

ASX:AYM

AU$3.7m

ASX:EMU

AU$3.0m

ASX:FAU

AU$3.6m

Price History & Performance

Recent News & Updates

New major risk - Financial position

Golden State Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 0.812124 million.

New major risk - Financial position

Golden State Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 0.812124 million.

Golden State Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 0.812124 million.

Golden State Mining Limited, Annual General Meeting, Nov 29, 2023

Recent updates

New major risk - Financial position

Golden State Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 0.812124 million.

New major risk - Financial position

Golden State Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 0.812124 million.

Golden State Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 0.812124 million.

Golden State Mining Limited, Annual General Meeting, Nov 29, 2023

Golden State Mining Limited, Annual General Meeting, Nov 29, 2023

New major risk - Financial position

New major risk - Shareholder dilution

Golden State Mining Limited, Annual General Meeting, Jul 05, 2023

Insufficient new directors

Insufficient new directors

Golden State Mining Limited Updates on Exploration Projects and Drill Program Being Planned At Four Mile Well Project Near Laverton, Western Australia

Golden State Mining Limited Provides A Lithium Exploration Update on Progress At Its Self-Generated Payne's Find Lithium Project

Insufficient new directors

Golden State Mining Limited Announces Lithium Targets Confirmed at Yule South

Golden State Mining Limited, Annual General Meeting, Nov 25, 2022

Full year 2022 earnings released: AU$0.036 loss per share (vs AU$0.05 loss in FY 2021)

Insufficient new directors

Golden State Mining Limited Provides an Update on Recent Exploration Drilling Activities At Yule Project in the Pilbara Region of Western Australia

Golden State Mining Limited Announces That Reverse Circulation Drilling Has Commenced over Target 2A At the Yule Project in the Pilbara, Western Australia

Gold Drilling Complete Provides an Update on Its Exploration Activities At the Four Mile Well Project Near Laverton Plus Additional Lithium Exploration Licence Granted At Payne's Find

Golden State Mining Limited Provides an Update on Its Exploration Activities and New Drill Program Now Underway At the Four Mile Well Project Near Laverton, Western Australia

Insufficient new directors

Golden State Mining Limited announced that it expects to receive AUD 2.4975 million in funding

Golden State Mining Announces Successful Grant of Two Out of Five Tenement Applications

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

Golden State Mining Limited Announces Anomalous Target Trends at Yule

Golden State Mining Limited Provides Update on 2021 Yule AC Drill Sample Status and 2022 Forward Exploration Planning

Insufficient new directors

Golden State Mining Limited Announces Successful Completion of its Air-Core Drill Program over 18 Target Areas at Yule Project in Mallina Basin Region of Western Australia

Insufficient new directors

Golden State Mining Limited Announces Completion of RC Drill Program over Three Gold Target Areas At the Yule Project in the Mallina Basin

Golden State Mining Limited Provides an Update on Drilling Approvals for its 4 Gold Target Areas at Yule South

Golden State Mining Limited Provides New Mallina Basin Tenement Granted and RC Drilling Update

Golden State Mining Limited, Annual General Meeting, Apr 08, 2021

Golden State Mining Limited Provides an Update on the Status of Planned Drill Programs at its Yule Project

Golden State Mining Limited Announces the Final Assay Results and Round Up from its First Pass Phase Two Reconnaissance Air-Core Program At the Yule Project in the Mallina Basin

Golden State Mining Limited Announces First Assay Results from Phase 2 Drilling At Yule

Golden State Mining Limited Announces Completion of Phase Two Air-Core Program Completed

Golden State Mining Limited Announces the Acquisition of A Significant Aeromagnetic Dataset and the Immediate Commencement of Reprocessing Work Being Undertaken at the Yule Project in the Mallina Basin

Golden State Mining Limited Announces Maiden Drill Program Reinforces Gold Potential At Yule South

New 90-day low - AU$0.24

Shareholder Returns

Price Volatility

About the Company

Golden State Mining Limited Fundamentals Summary

111.7x

-1.1x

Earnings & Revenue