How does 36G's PB Ratio compare to its peers?

36G is good value based on its Price-To-Book Ratio (0.2x) compared to the peer average (12.8x).

How does 36G's PB Ratio compare vs other companies in the European Metals and Mining Industry?

36G is good value based on its Price-To-Book Ratio (0.2x) compared to the European Metals and Mining industry average (0.9x).

What is 36G's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate 36G's Price-To-Book Fair Ratio for valuation analysis.

What is the Fair Price of 36G when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Insufficient data to calculate 36G'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.

GBM Resources (DB:36G) - Stock Price, News & Analysis

36G Stock Overview

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

36G fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	2/6
Dividends	0/6

Risk Analysis

Does not have a meaningful market cap (€8M)

Makes less than USD$1m in revenue (A$84K)

Shareholders have been substantially diluted in the past year

Has less than 1 year of cash runway

+ 1 more risk

GBM Resources Limited Competitors

Pearl Gold

DB:02P

€9.8m

IberAmerican Lithium

DB:W2C

€1.0m

Pasinex Resources

DB:PNX

€1.4m

Bio-Gate

DB:BIG1

€6.3m

Price History & Performance

Summary of all time highs, changes and price drops for GBM Resources
Historical stock prices
Current Share Price	AU$0.001
52 Week High	AU$0.005
52 Week Low	AU$0.0005
Beta	0.98
11 Month Change	-33.33%
3 Month Change	0%
1 Year Change	-71.43%
33 Year Change	-98.49%
5 Year Change	n/a
Change since IPO	-98.57%

Recent updates

Shareholder Returns

	36G	DE Metals and Mining	DE Market
7D	100.0%	2.9%	-0.02%
1Y	-71.4%	-27.2%	8.2%

Return vs Industry: 36G underperformed the German Metals and Mining industry which returned -27.2% over the past year.

Return vs Market: 36G underperformed the German Market which returned 8.2% over the past year.

Price Volatility

Is 36G's price volatile compared to industry and market?
36G volatility
36G Average Weekly Movement	116.8%
Metals and Mining Industry Average Movement	11.6%
Market Average Movement	4.8%
10% most volatile stocks in DE Market	10.9%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: 36G's share price has been volatile over the past 3 months compared to the German market.

Volatility Over Time: 36G's weekly volatility has increased from 88% to 117% over the past year.

About the Company

Founded	Employees	CEO	Website
2007	n/a	Peter Rohner	www.gbmr.com.au

GBM Resources Limited engages in the exploration and development of mineral properties in Australia. The company explores for gold, silver, copper, and iron oxide. Its flagship projects include the Mount Coolon gold project that covers an area of approximately 2,613 square kilometers; the Yandan Gold project covering an area of 952 square kilometers; the Twin Hills Gold project covering an area of 1,102 square kilometers located in the Drummond basin in Queensland; the White Dam project covering an area of 489 square kilometers located in South Australia; and the Mount Morgan project covering an area of 1017 square kilometers located in Eastern Australia.

GBM Resources Limited Fundamentals Summary

How do GBM Resources's earnings and revenue compare to its market cap?
36G fundamental statistics
Market cap	€5.05m
Earnings (TTM)	-€2.00m
Revenue (TTM)	€52.17k

96.9x

P/S Ratio

-2.5x

P/E Ratio

Is 36G overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
36G income statement (TTM)
Revenue	AU$83.60k
Cost of Revenue	AU$0
Gross Profit	AU$83.60k
Other Expenses	AU$3.29m
Earnings	-AU$3.20m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.0028
Gross Margin	100.00%
Net Profit Margin	-3,830.68%
Debt/Equity Ratio	15.3%

How did 36G perform over the long term?

See historical performance and comparison

36G Stock Overview

Risk Analysis

GBM Resources Limited Competitors

DB:02P

€9.8m

DB:W2C

€1.0m

DB:PNX

€1.4m

DB:BIG1

€6.3m

Price History & Performance

Recent News & Updates

New major risk - Financial position

GBM Resources Limited, Annual General Meeting, Nov 27, 2024

Olary Gold Mines entered into conditional term sheet to acquire Millstream Resources Pty Limited from GBM Resources Limited (ASX:GBZ) for AUD 3 million.

GBM Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.198832 million.

First half 2024 earnings released: AU$0.005 loss per share (vs AU$0.002 loss in 1H 2023)

GBM Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.181946 million.

Recent updates

New major risk - Financial position

GBM Resources Limited, Annual General Meeting, Nov 27, 2024

Olary Gold Mines entered into conditional term sheet to acquire Millstream Resources Pty Limited from GBM Resources Limited (ASX:GBZ) for AUD 3 million.

GBM Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.198832 million.

First half 2024 earnings released: AU$0.005 loss per share (vs AU$0.002 loss in 1H 2023)

GBM Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.181946 million.

GBM Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 2.80665 million.

New major risk - Shareholder dilution

GBM Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.463778 million.

GBM Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1.645724 million.

GBM Resources Limited, Annual General Meeting, Nov 29, 2023

New major risk - Financial position

Full year 2023 earnings released: AU$0.004 loss per share (vs AU$0.001 loss in FY 2022)

Havilah Resources Limited (ASX:HAV) signed an agreement to acquire Non-core exploration lease EL 6299 from GBM Resources Limited (ASX:GBZ) for AUD 0.1 million.

Havilah Resources Limited (ASX:HAV) signed an agreement to acquire Non-core exploration lease EL 6299 from GBM Resources Limited (ASX:GBZ) for AUD 0.1 million.

GBM Resources Limited, Annual General Meeting, Sep 07, 2023

GBM Resources Limited Announces Executive Changes

First half 2023 earnings released: AU$0.002 loss per share (vs AU$0.005 loss in 1H 2022)

GBM Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.36454 million.

Gbm Resources Limited Announces Twin Hills Gold Project Upgrades to 1 Moz Mineral Resource

GBM Resources Limited Announces Resignation of Brent Cook as Non-Executive Director, with Effect from 30 November 2022

GBM Resources Limited Provides Update on Exploration Activities and Proposed Activities At the Malmsbury Project JV in Central Victoria

Less than half of directors are independent

GBM Resources Limited, Annual General Meeting, Nov 30, 2022

GBM Resources Limited Auditor Raises 'Going Concern' Doubt

GBM Resources Limited announced that it expects to receive AUD 0.305 million in funding

GBM Resources Limited Provides an Update on Exploration Activities

GBM Resources Limited Announces Further Excellent Results from its Initial Diamond Drill Program At the Twin Hills Project - 309 Deposit

GBM Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.25654 million.

GBM Resources Limited Announces Initial Drill Program Results At Twin Hills

Gbm Resources Limited Provides Malmsbury Gold Project Exploration Update

GBM Resources Limited Announces More Results from the Initial ~ 7,000 M Diamond Drill Program At the Twin Hills Project 309 Deposit

GBM Resources Limited Complets 7 Diamond Drill Holes as Part of the Phase 1 Diamond Core Drilling Program

Less than half of directors are independent

GBM Resources Limited Announces Drilling at Twin Hills Hits 162 m @ 2.65 g/t Au

GBM Resources Limited Announces Glen Eva System Exploration Update

GBM Resources Limited Commences Phase 1 of the Diamond Core Drilling Program at the Twin Hills Project

GBM Resources Limited Announces Malmsbury Drilling Update

GBM Resources Limited Announces Significant Resource Upgrade at Twin Hills Project

GBM Resources Limited (ASX:GBZ) completed the acquisition of Twin Hills Gold Project of Minjar Gold Pty Ltd from NQM Gold 2 Pty Ltd.

GBM Resources Limited Announces Commencement of Phase 1 of the Diamond Core Drilling Program at the Malmsbury Project JV in Central Victoria Goldfields

GBM Resources Limited Provides White Dam Exploration Update

GBM Resources Limited announced that it expects to receive AUD 7.4 million in funding

GBM Resources Limited Announces Initial Drilling Results At White Dam Gold-Copper Project in South Australia

GBM Resources Limited Executes Binding Term Sheet with Native Mineral Resources Holdings Limited

GBM Resources Limited (ASX:GBZ) entered into binding term sheet to acquire Mt Morgan exploration tenement EPM17850 in Queensland from Native Mineral Resources Holdings Limited (ASX:NMR) for AUD 0.21 million.

Smartset Services Inc. (TSXV:SMAR.P) signed a binding letter of intent to acquire Mount Morgan Gold-Copper Project in Australia from GBM Resources Limited (ASX:GBZ).

GBM Resources Limited (ASX:GBZ) agreed to acquire White Dam Gold Copper Project in Australia from Round Oak Minerals Pty Limited.

GBM Resources Limited (ASX:GBZ) exercised the option to acquire Exploration permit applications EPM27554 near Twin Hills and EPM27643 west of Yandan in Queensland from Yacimiento Pty Ltd for AUD 0.33 million.

GBM Resources Limited Commences Phase 1 of the Reverse Circulation (RC) Drilling Program

GBM Resources Limited (ASX:GBZ) entered into a non-binding agreement to acquire Twin Hills Gold Project from Minjar Gold Pty Ltd.

GBM Resources Limited Completed Its Initial Diamond Core and Reverse Circulation Drill Program At the Mt Coolon Gold Project

GBM Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 6.4 million.

GBM Resources Limited (ASX:GBZ) completed the acquisition of Straits Gold Pty Ltd from Aeris Resources Limited (ASX:AIS)

GBM Resources Appoints Dan Travers as Joint Company Secretary

GBM Resources Limited (ASX:GBZ) entered into a Binding Heads of Agreement to acquire Straits Gold Pty Limited from Aeris Resources Limited (ASX:AIS) for AUD 3.3 million.

GBM Resources Limited Announces First Gold Dore Produced at White Dam

Full year earnings released - €0.0074 loss per share

Full year earnings released - €0.007 loss per share

Novo Resources Corp. (OTCPK:NSRP.F) agreed to acquire 50% stake in Malmsbury gold project from GBM Resources Limited (ASX:GBZ) for AUD 5.5 million.