Spartan Resources (DB:6G40) - Stock Price, News & Analysis

6G40 Stock Overview

Spartan Resources Limited engages in the exploration, evaluation, and development of gold projects.

6G40 fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	0/6
Financial Health	5/6
Dividends	0/6

Rewards

Earnings have grown 0.8% per year over the past 5 years

Risk Analysis

Highly volatile share price over the past 3 months

Makes less than USD$1m in revenue (A$218K)

Shareholders have been diluted in the past year

Spartan Resources Limited Competitors

Pearl Gold

DB:02P

€8.5m

Eisen- und Hüttenwerke

DB:EIS

€176.0m

SIMONA

DB:SIM0

€393.0m

Uzin Utz

XTRA:UZU

€251.2m

Price History & Performance

Summary of all time highs, changes and price drops for Spartan Resources
Historical stock prices
Current Share Price	AU$0.35
52 Week High	AU$0.43
52 Week Low	AU$0.051
Beta	0.25
1 Month Change	-6.42%
3 Month Change	38.89%
1 Year Change	514.04%
3 Year Change	13.64%
5 Year Change	-56.25%
Change since IPO	-77.27%

Recent updates

Shareholder Returns

	6G40	DE Metals and Mining	DE Market
7D	-4.9%	2.3%	1.2%
1Y	514.0%	-22.5%	2.0%

Return vs Industry: 6G40 exceeded the German Metals and Mining industry which returned -22.5% over the past year.

Return vs Market: 6G40 exceeded the German Market which returned 2% over the past year.

Price Volatility

Is 6G40's price volatile compared to industry and market?
6G40 volatility
6G40 Average Weekly Movement	13.1%
Metals and Mining Industry Average Movement	7.8%
Market Average Movement	4.9%
10% most volatile stocks in DE Market	10.1%
10% least volatile stocks in DE Market	2.5%

Stable Share Price: 6G40's share price has been volatile over the past 3 months.

Volatility Over Time: 6G40's weekly volatility has decreased from 23% to 13% over the past year, but is still higher than 75% of German stocks.

About the Company

Founded	Employees	CEO	Website
2009	n/a	Simon Lawson	spartanresources.com.au

Spartan Resources Limited engages in the exploration, evaluation, and development of gold projects. Its flagship project is the Dalgaranga gold project, which covers an area of 500 square kilometers located to the north-west of Mt Magnet in Western Australia. The company was formerly known as Gascoyne Resources Limited and changed its name to Spartan Resources Limited in August 2023.

Spartan Resources Limited Fundamentals Summary

How do Spartan Resources's earnings and revenue compare to its market cap?
6G40 fundamental statistics
Market cap	€385.12m
Earnings (TTM)	-€15.48m
Revenue (TTM)	€133.55k

2,884x

P/S Ratio

-24.9x

P/E Ratio

Is 6G40 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
6G40 income statement (TTM)
Revenue	AU$218.00k
Cost of Revenue	AU$6.42m
Gross Profit	-AU$6.20m
Other Expenses	AU$19.06m
Earnings	-AU$25.26m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	-0.024
Gross Margin	-2,844.04%
Net Profit Margin	-11,588.53%
Debt/Equity Ratio	0%

How did 6G40 perform over the long term?

See historical performance and comparison

6G40 Stock Overview

Rewards

Risk Analysis

Spartan Resources Limited Competitors

DB:02P

€8.5m

DB:EIS

€176.0m

DB:SIM0

€393.0m

XTRA:UZU

€251.2m

Price History & Performance

Recent News & Updates

Spartan Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 80.277388 million.

Spartan Resources Limited Announces Board Changes

First half 2024 earnings released: AU$0.029 loss per share (vs AU$0.085 loss in 1H 2023)

New major risk - Financial position

Less than half of directors are independent

Less than half of directors are independent

Recent updates

Spartan Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 80.277388 million.

Spartan Resources Limited Announces Board Changes

First half 2024 earnings released: AU$0.029 loss per share (vs AU$0.085 loss in 1H 2023)

New major risk - Financial position

Less than half of directors are independent

Less than half of directors are independent

Spartan Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 25 million.

New minor risk - Financial position

Spartan Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 25 million.

Spartan Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 25 million.

Full year 2023 earnings released: AU$0.065 loss per share (vs AU$0.24 loss in FY 2022)

Forecast to breakeven in 2025

Gascoyne Resources Limited Announces Company Secretary Changes

Gascoyne Resources Limited Announces the Appointment of Mr. John Hodder as a Non-Executive Director to the Board

First half 2023 earnings released: AU$0.085 loss per share (vs AU$0.11 loss in 1H 2022)

Less than half of directors are independent

Gascoyne Resources Limited Announces Calculate an Exploration Target for the Never Never Gold Deposit

Gascoyne Resources Limited Receives Exceptional New Assay Results Confirming the Scale and Significance of the High-Grade Never Never Gold Deposit

Now 22% undervalued after recent price drop

Gascoyne Resources Limited Announces Mining of New, Higher-Grade Ore Sources to Commence in November

Gascoyne Resources Limited Receives Assay Results from Dalgaranga Gold Project in Western Australia

E79 Gold Mines Limited (ASX:E79) acquired gold and mineral rights of E51/1681 from Gascoyne Resources Limited (ASX:GCY).

Gascoyne Resources Limited Announces Further Spectacular Assays from Near-Mine Resource Drilling at its Never Never Gold Deposit

Gascoyne Resources Limited Auditor Raises 'Going Concern' Doubt

Full year 2022 earnings released: AU$0.24 loss per share (vs AU$0.23 loss in FY 2021)

E79 Gold Mines Limited (ASX:E79) entering into a binding agreement to acquire gold and mineral rights of E51/1681 from Gascoyne Resources Limited (ASX:GCY) for AUD 0.15 million.

E79 Gold Mines Limited (ASX:E79) entering into a binding agreement to acquire gold and mineral rights of E51/1681 from Gascoyne Resources Limited (ASX:GCY) for AUD 0.15 million.

E79 Gold Mines Limited (ASX:E79) entering into a binding agreement to acquire gold and mineral rights of E51/1681 from Gascoyne Resources Limited (ASX:GCY) for AUD 0.15 million.

Less than half of directors are independent

Gascoyne Resources Limited Updates 2022 Ore Reserve Statement

Gascoyne Resources Limited Intercepts Highlight Potential to Double Never Never Extent

Gascoyne Resources Limited Presents Its 2022 Mineral Resource Statement

Gascoyne Resources Limited Announces Exceptional New Intercept Extends Never Never At Depth

Gascoyne Resources Limited Announces Exceptional New Intercept Extends Never Never At Depth

Gascoyne Resources Limited Provides Production Update

Gascoyne Resources Limited, Annual General Meeting, Nov 03, 2022

Gascoyne Resources Limited Announces Discovery of High-Grade Gold at Dalgaranga

Gascoyne Resources Limited Reports Further Significant Drill Intercepts from Ongoing Resource Drilling Programs At the Gilbey's East Prospect

Gascoyne Resources Limited Announces Gilbey's North High-Grade Zone Extended

Gascoyne Resources Limited Announces Exceptional New Intercept At Gilbey's North Discovery

Gascoyne Resources Limited Announces Exceptional New Intercept at Gilbey's North Discovery

Gascoyne Resources Limited Announces Multiple High-Grade Zones Intersected in Gilbey's Footwall Area At Dalgaranga Gold Project in Western Australia

Capricorn Metals Ltd (ASX:CMM) signed a binding agreement to acquire Mumbakine Well Project from Gascoyne Resources Limited (ASX:GCY) for Approximately AUD 5 million.

Less than half of directors are independent

Gascoyne Resources Limited Appoints Rowan Johnston as Non-Executive Chair

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

Gascoyne Resources Limited Reports New Highly Encouraging Drill Results from Near-Mine Exploration at the 100%-Owned Dalgaranga Gold Project in Western Australia

Gascoyne Resources Limited to Report Further Highly Encouraging Drilling Results

No independent directors

Gascoyne Resources Limited Announces Near-Mine Exploration Delivers Breakthrough with Discovery Immediately North of Gilbey's Pit

Gascoyne Resources Limited Announces Executive Changes

Gascoyne Resources Limited Accelerates Strategy to Unlock New Higher-Grade Near-Mine Ore Sources At Dalgaranga

Gascoyne Resources Limited Reports Updated Mineral Resource for the Yalgoo Gold Project

Less than half of directors are independent

Westgold Resources Limited (ASX:WGX) made an offer to acquire Gascoyne Resources Limited (ASX:GCY) for AUD 105 million.

Full year 2021 earnings released

Gascoyne Resources Limited (ASX:GCY) have entered into a binding Scheme Implementation Deed to acquire Firefly Resources Limited (ASX:FFR) for AUD 38.7 million

Gascoyne Resources Limited Provides Update on Exploration Activities At Exploration Projects in Western Australia

Gascoyne Resources Limited Provides Production Guidance for the Financial Year Ending 30 June 2021 and Fiscal Year 2022