How does SRN's PS Ratio compare to its peers?

SRN is good value based on its Price-To-Sales Ratio (10.6x) compared to the peer average (12.5x).

How does SRN's PS Ratio compare vs other companies in the AU Metals and Mining Industry?

SRN is good value based on its Price-To-Sales Ratio (10.6x) compared to the Australian Metals and Mining industry average (61.3x).

What is SRN's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate SRN's Price-To-Sales Fair Ratio for valuation analysis.

What is the Fair Price of SRN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Insufficient data to calculate SRN's fair value for valuation analysis.

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

Surefire Resources (CHIA:SRN) - Stock Price, News & Analysis

SRN Stock Overview

Explores for and reviews mineral tenement holdings in Western Australia. More details

SRN fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	5/6
Dividends	0/6

Risk Analysis

Makes less than USD$1m in revenue (A$653K)

Does not have a meaningful market cap (A$7M)

Highly volatile share price over the past 3 months compared to the Australian market

Earnings have declined by 11.6% per year over past 5 years

+ 1 more risk

Surefire Resources NL Competitors

Black Canyon

ASX:BCA

AU$5.2m

Nimy Resources

ASX:NIM

AU$7.8m

Dalaroo Metals

ASX:DAL

AU$5.7m

Thunderbird Resources

ASX:THB

AU$5.8m

Price History & Performance

Summary of all time highs, changes and price drops for Surefire Resources
Historical stock prices
Current Share Price	AU$0.003
52 Week High	AU$0.013
52 Week Low	AU$0.003
Beta	0.45
11 Month Change	-50.00%
3 Month Change	-50.00%
1 Year Change	-68.42%
33 Year Change	-75.00%
5 Year Change	0%
Change since IPO	-66.59%

Recent updates

Shareholder Returns

	SRN	AU Metals and Mining	AU Market
7D	0%	0.9%	0.9%
1Y	-68.4%	-11.3%	17.7%

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

Return vs Market: SRN underperformed the Australian Market which returned 17.7% over the past year.

Price Volatility

Is SRN's price volatile compared to industry and market?
SRN volatility
SRN Average Weekly Movement	22.6%
Metals and Mining Industry Average Movement	11.0%
Market Average Movement	8.5%
10% most volatile stocks in AU Market	17.2%
10% least volatile stocks in AU Market	3.3%

Stable Share Price: SRN's share price has been volatile over the past 3 months compared to the Australian market.

Volatility Over Time: SRN'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
1998	2	Jan de Jager	www.surefireresources.com.au

Surefire Resources NL, together with its subsidiaries, explores for and reviews mineral tenement holdings in Western Australia. The company explores for critical mineral, gold, titanium, aluminium, magnetite, copper, lead, silver, vanadium, iron ore, nickel, and platinum group element deposits. Its flagship project is the Victory Bore vanadium-titanium-iron project, which consists of the Victory Bore and Unaly Hill deposits located in the mid-west of Western Australia.

Surefire Resources NL Fundamentals Summary

How do Surefire Resources's earnings and revenue compare to its market cap?
SRN fundamental statistics
Market cap	AU$6.95m
Earnings (TTM)	-AU$3.07m
Revenue (TTM)	AU$653.47k

10.6x

P/S Ratio

-2.3x

P/E Ratio

Is SRN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SRN income statement (TTM)
Revenue	AU$653.47k
Cost of Revenue	AU$0
Gross Profit	AU$653.47k
Other Expenses	AU$3.72m
Earnings	-AU$3.07m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.0015
Gross Margin	100.00%
Net Profit Margin	-469.58%
Debt/Equity Ratio	0%

How did SRN perform over the long term?

See historical performance and comparison

SRN Stock Overview

Risk Analysis

Surefire Resources NL Competitors

ASX:BCA

AU$5.2m

ASX:NIM

AU$7.8m

ASX:DAL

AU$5.7m

ASX:THB

AU$5.8m

Price History & Performance

Recent News & Updates

Surefire Resources NL, Annual General Meeting, Nov 29, 2024

New minor risk - Financial data availability

New major risk - Market cap size

New major risk - Share price stability

New major risk - Market cap size

Surefire Resources NL has completed a Follow-on Equity Offering in the amount of AUD 2 million.

Recent updates

Surefire Resources NL, Annual General Meeting, Nov 29, 2024

New minor risk - Financial data availability

New major risk - Market cap size

New major risk - Share price stability

New major risk - Market cap size

Surefire Resources NL has completed a Follow-on Equity Offering in the amount of AUD 2 million.

Surefire Resources NL has filed a Follow-on Equity Offering in the amount of AUD 2 million.

Surefire Resources NL has filed a Follow-on Equity Offering in the amount of AUD 2.621785 million.

Surefire Resources NL, Annual General Meeting, Nov 30, 2023

Managing Director recently bought AU$51k worth of stock

Surefire Resources NL Provides an Update on Victory Bore Vanadium Project

Surefire Resources NL Announces Drilling Rig Is Booked

Surefire Resources NL Appoints Paul Burton as Managing Director, Effective 6 February 2023

Surefire Resources NL Provides Update on Recent Work Conducted on the Perenjori Iron Tenement E70/5311

Surefire Resources NL Receives 3rd and Final Tranche of Assay Results from the Recently Completed RC Drilling Campaign

Surefire Resources NL Announces Second Tranche of Assay Results Have Been Received from the Recently Completed Rc Drilling Campaign

Surefire Resources NL Completes a Reverse Circulation Drilling Campaign of 62 Holes for 5,189M at its 100% Owned Victory Bore Vanadium Deposit

Surefire Resources NL Reports Outstanding Results from Sighter-Level Metallurgical Testwork on Mineralisation at its 100% Owned Yidby Gold Project Located in Western Australia

Less than half of directors are independent

Surefire Resources NL Reports the Completion of the Diamond Drilling Program At Yidby and That the Cores Have Been Relocated to the ALS Core Facility in Wangara WA

Surefire Resources NL Provides Updates on Victory Bore - Unaly Hill Vanadium Project

Surefire Resources NL, Annual General Meeting, Nov 15, 2022

Surefire Resources NL Announces Successful Drill Testing of MMi Geochemical Anomalies Confirms 2 New Gold Mineralised Prospects

Surefire Resources NL Reports High-Grade Lead-Silver Assays from Rock Chips Collected At the Mt Conspicuous Target, Within the Kooline Project

Surefire Resources NL Appoints Cain Fogarty as Chief Executive Officer

Surefire Resources NL Completes A Program of RC and Diamond Core Drilling At Its 100% Owned Victory Bore Vanadium Deposit

Independent Non-Executive Director recently sold AU$63k worth of stock

Surefire Resources NL Provides Exploration Project Update

Surefire Resources NL Provides Amended Yidby Gold Project Update

Surefire Resources NL Provides Yidby Gold Project Update

Surefire Resources NL Is Progressing Plans to Advance its Victory Bore / Unaly Hill Vanadium Project

Surefire Resources NL Is Progressing Plans to Advance its Victory Bore / Unaly Hill Vanadium Project

Surefire Resources NL Reports Results of Review of Historical Data and Interpretation of Aeromagnetic Surveys

Surefire Resources NL Secures A Drilling Contractor to Undertake Diamond Drilling At Its 100% Owned Victory Bore Vanadium Deposit

Insufficient new directors

Surefire Resources Nl Announces Sights Set on Vanadium Strategic Battery Metal Cleaner Future

Surefire Resources NL Announces Perenjori Iron Explore Target Emphasizes Huge Iron Potential

Surefire Resources NL Announces Yidby Recent Drilling Intersects Wide Gold Mineralisation

Surefire Resources NL Announces Granting of the Perenjori West Tenement E70/5572

Surefire Resources NL Announces the Granting of the Perenjori West Tenement E70/5572

Company Secretary Neville Bassett has left the company

Company Secretary Neville Bassett has left the company

Surefire Resources NL's Scoping Study Confirms Economic Poten Perenjori Iron Project

Surefire Resources NL Announces Further Thick Gold Intersections with High-Grade Intervals from Results of 9 Further RC Holes

Surefire Resources NL Announces Kooline Project 100% Major Copper-Gold Potential Identified

Surefire Resources NL to Provide an Update on the Yidby Road Drilling Program and Commencement of Exploration at Perenjori

Surefire Resources NL Commences Yidby Road Gold Project Drilling Program

Surefire Resources NL Announces Program of Work for Yidby Gold Project Exploration Update

Surefire Resources NL Announces New Drilling Program to Commence at Yidby Gold Project

Surefire Resources NL Announces Further Exceptional Gold Results from Yidby Gold Project

Surefire Resources NL Announces Spectacular Results from Yidby Gold Project WA

Insider recently sold AU$210k worth of stock

Surefire Resources NL Commences Drilling At Yidby Project

Surefire Resources NL (ASX:SRN) entered into an agreement to acquire High Grade Gold Tenements in Yidby and Perenjori Project Areas from Beau Resources Pty Ltd for approximately AUD 0.15 million on August 6, 2020.

Surefire Resources NL has completed a Derivatives Offering in the amount of AUD 0.314077 million.

Surefire Resources NL has announced a Derivatives Offering in the amount of AUD 0.314077 million.

Shareholder Returns

Price Volatility

About the Company

Surefire Resources NL Fundamentals Summary