Helix Resources (CHIA:HLX) - Stock Price, News & Analysis

HLX Stock Overview

Engages in the mineral exploration activities in Australia. More details

HLX fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	4/6
Dividends	0/6

Risk Analysis

Makes less than USD$1m in revenue (A$139K)

Does not have a meaningful market cap (A$13M)

Has less than 1 year of cash runway

Earnings have declined by 47.7% per year over past 5 years

+ 2 more risks

Helix Resources Limited Competitors

Evion Group

ASX:EVG

AU$11.9m

Altair Minerals

ASX:ALR

AU$12.9m

Industrial Minerals

ASX:IND

AU$13.3m

Javelin Minerals

ASX:JAV

AU$12.8m

Price History & Performance

Summary of all time highs, changes and price drops for Helix Resources
Historical stock prices
Current Share Price	AU$0.0045
52 Week High	AU$0.007
52 Week Low	AU$0.002
Beta	2.43
11 Month Change	-10.00%
3 Month Change	12.50%
1 Year Change	12.50%
33 Year Change	-70.00%
5 Year Change	-71.88%
Change since IPO	-82.69%

Recent updates

Shareholder Returns

	HLX	AU Metals and Mining	AU Market
7D	12.5%	1.6%	0.9%
1Y	12.5%	-10.8%	18.4%

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

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

Price Volatility

Is HLX's price volatile compared to industry and market?
HLX volatility
HLX Average Weekly Movement	19.1%
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: HLX's share price has been volatile over the past 3 months compared to the Australian market.

Volatility Over Time: HLX's weekly volatility has decreased from 29% to 19% over the past year, but is still higher than 75% of Australian stocks.

About the Company

Founded	Employees	CEO	Website
1985	n/a	Kylie Prendergast	www.helixresources.com.au

Helix Resources Limited engages in the mineral exploration activities in Australia. It explores for copper, gold, iron ore, nickel, cobalt, and other base metals. Its principal projects include the Collerina, the Rochford, Canbelego, and the Meryula projects.

Helix Resources Limited Fundamentals Summary

How do Helix Resources's earnings and revenue compare to its market cap?
HLX fundamental statistics
Market cap	AU$13.06m
Earnings (TTM)	-AU$1.18m
Revenue (TTM)	AU$139.03k

93.9x

P/S Ratio

-11.1x

P/E Ratio

Is HLX overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
HLX income statement (TTM)
Revenue	AU$139.03k
Cost of Revenue	AU$0
Gross Profit	AU$139.03k
Other Expenses	AU$1.32m
Earnings	-AU$1.18m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.00036
Gross Margin	100.00%
Net Profit Margin	-849.42%
Debt/Equity Ratio	0%

How did HLX perform over the long term?

See historical performance and comparison

HLX Stock Overview

Risk Analysis

Helix Resources Limited Competitors

ASX:EVG

AU$11.9m

ASX:ALR

AU$12.9m

ASX:IND

AU$13.3m

ASX:JAV

AU$12.8m

Price History & Performance

Recent News & Updates

New major risk - Financial position

Helix Resources Limited, Annual General Meeting, Nov 11, 2024

New minor risk - Financial data availability

New minor risk - Shareholder dilution

Helix Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 2.33 million.

Helix Resources Ltd Announces the Appointment of Emmanuel Correia as Non-Executive Director, Effective 1 November 2023

Recent updates

New major risk - Financial position

Helix Resources Limited, Annual General Meeting, Nov 11, 2024

New minor risk - Financial data availability

New minor risk - Shareholder dilution

Helix Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 2.33 million.

Helix Resources Ltd Announces the Appointment of Emmanuel Correia as Non-Executive Director, Effective 1 November 2023

Helix Resources Ltd Announces the Appointment of Emmanuel Correia as Non-Executive Director, Effective 1 November 2023

Helix Resources Limited, Annual General Meeting, Nov 20, 2023

New major risk - Financial position

Helix Resources Limited Announces Board Changes

Helix Resources Limited Provides Update on its Drilling Activities at the Canbelego Copper Project Located Southeast of Cobar in Central NSW, Australia

Helix Resources Limited Announces RC Drilling Intersects Shallow Copper, Diamond Drilling Continues at Canbelego

Helix Resources Limited Announces RC Drilling Starts At Canbelego Copper Project

Helix Resources Limited Update on the Recently Completed Daughter Hole' Testing a Large Dhem Anomaly at Its Canbelego Joint Venture Project Located in the Cobar Region of NSW

Helix Resources Limited Provides Canbelego Drilling Update

Helix Resources Limited Announces Discovery of Further Large Scale, Conductive Targets from Dhem Surveying on the Second of Two Deep Diamond Drill Holes Completed at Canbelego Joint Venture Project

Helix Resources Limited Announces Deep Drilling Yields Major Conductive Copper Target

No independent directors

Helix Resources Limited and Aeris Resources Limited Provides an Update on the Ongoing Copper Exploration Drilling At Its Canbelego Joint Venture Project

Helix Resources Limited, Annual General Meeting, Nov 24, 2022

Helix Resources Limited Provides Update on Ongoing Copper Exploration Drilling at its Canbelego Joint Venture Project Located in Cobar Region of NSW

Full year 2022 earnings released: AU$0.001 loss per share (vs AU$0.001 loss in FY 2021)

Helix Resources Limited Provides an Update on the Ongoing Copper Exploration Drilling At Its Canbelego Joint Venture Project Located in the Cobar Region of NSW

Helix Resources Limited Announces Regional Scale Copper Sampling Program to Commence

Helix Resources Limited Announces More Visual Copper and New Rc Drilling Starts Rochford Copper Trend

Helix Resources Limited Provides Visual Copper Sulphide and Canbelego Exploration Update

Helix Resources Limited Appoints Kylie Prendergast to the Board as Non-Executive Director

Less than half of directors are independent

Helix Resources Limited to Report Assay Results for Nine RC Drill Holes Intersecting Visible Copper Sulphide Mineralisation2 from New Parallel Lode Positions At the Canbelego Joint Venture Project Located in the Cobar Region of NSW

Less than half of directors are independent

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

Helix Resources Limited Announces Further Oxide and Sulphide Copper Intercepts from the CZ Deposit

Helix Resources Limited Announces Resignation of Tim Kennedy as Non-Executive Director

Helix Resources Limited Reports Numerous Intercepts with Visible Copper Sulphide (Chalcopyrite) Mineralization

Helix Resources Limited Announces Massive Copper Sulphide Intersected at Canbelego

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

Helix Resources Limited Announces Cobar Region Copper Exploration Update

Helix Resources Limited Provides Update on Its Ongoing Copper Exploration Activities in the Prolific Cobar Basin Region of Central NSW

Helix Resources Limited Provides Update on its Exploration Activities in the Cobar Region of Central NSW

Helix Resources Limited Announces High Grade Copper Intercept & Drilling Update

Helix Resources Limited Announces New EM Conductors Confirm Growth Potential At Canbelego

Helix Resources Limited Announces Copper Sulphides Intersected in Northern Shoot Position at Canbelego

Helix Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 4.033827 million.

First half 2021 earnings released: AU$0.001 loss per share (vs AU$0.001 loss in 1H 2020)

Helix Resources Limited Provides an Update on Its Exploration Programs At the Cobar Copper

Helix Resources Limited, Annual General Meeting, Apr 07, 2021

Helix Resources Limited Announces the Commencement of Its Regional Scale, Detailed Airborne Electromagnetic (Em) on Its Cobar Copper Projects

Helix Resources Limited announced that it expects to receive AUD 3 million in funding

Helix Resources Limited Provides an Update on its Exploration Programs at the Collerina Copper

Helix Resources Limited Provides an Update on its Copper Exploration Program in the Cobar Region of NSW

Helix Resources Limited Reports Preliminary Reconnaissance Gold Results from Its First Pass Drill Assessment of Several New Gold Targets Completed in Late 2020

Helix Resources Limited Appoints Mike Rosenstreich as Managing Director, Effective 11 January 2021

Helix Resources Limited Provides Exploration Update for Copper and Gold Projects in the Cobar Region, New South Wales

Helix Resources Limited Provides Cobar Gold Update - Results from Initial 13 Holes

Helix Resources Limited Completes Conceptual Modelling Work or the Collerina Copper Project

Full year earnings released - AU$0.001 loss per share

Helix Resources Limited Provides Exploration Update for the Cobar Gold Project

Helix Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.852947 million.

Shareholder Returns

Price Volatility