Turnstone Resources (D86) Stock Overview

Engages in the development of potash mining projects in Germany. More details

D86 fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	0/6
Financial Health	5/6
Dividends	0/6

Risk Analysis

Shareholders have been substantially diluted in the past year

Does not have a meaningful market cap (€2M)

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

Earnings have declined by 0.4% per year over past 5 years

+ 1 more risk

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Turnstone Resources Ltd Competitors

Price History & Performance

Summary of share price highs, lows and changes for Turnstone Resources
Historical stock prices
Current Share Price	AU$0.01
52 Week High	AU$0.026
52 Week Low	AU$0.0062
Beta	1.32
1 Month Change	-9.09%
3 Month Change	-33.33%
1 Year Change	n/a
3 Year Change	-96.49%
5 Year Change	-98.35%
Change since IPO	-97.33%

Recent updates

Shareholder Returns

	D86	DE Metals and Mining	DE Market
7D	-1.0%	-2.8%	-1.1%
1Y	n/a	52.8%	3.4%

Return vs Industry: Insufficient data to determine how D86 performed against the German Metals and Mining industry.

Return vs Market: Insufficient data to determine how D86 performed against the German Market.

Price Volatility

Is D86's price volatile compared to industry and market?
D86 volatility
D86 Average Weekly Movement	47.1%
Metals and Mining Industry Average Movement	8.6%
Market Average Movement	5.0%
10% most volatile stocks in DE Market	11.7%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: D86's share price has been volatile over the past 3 months compared to the German market.

Volatility Over Time: D86's weekly volatility has increased from 37% to 47% over the past year.

About the Company

Founded	Employees	CEO	Website
n/a	n/a	Len Jubber	turnstoneresources.com

Turnstone Resources Ltd engages in the development of potash mining projects in Germany. The company primarily explores potash deposits. Its flagship project Ohmgebirge north-western extent of the South Harz sedimentary basin approximately 30km west of Sondershausen and 65km northwest of the state capital, Erfurt in Germany.

Turnstone Resources Ltd Fundamentals Summary

How do Turnstone Resources's earnings and revenue compare to its market cap?
D86 fundamental statistics
Market cap	€2.42m
Earnings (TTM)	-€1.74m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-1.4x

P/E Ratio

Is D86 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
D86 income statement (TTM)
Revenue	AU$0
Cost of Revenue	AU$0
Gross Profit	AU$0
Other Expenses	AU$2.80m
Earnings	-AU$2.80m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)	-0.017
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0%

How did D86 perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/09/20 02:46
End of Day Share Price	2026/09/18 00:00
Earnings	2025/12/31
Annual Earnings	2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Turnstone Resources Ltd is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Roger Bell	Hannam & Partners (Advisory) LLP

Turnstone Resources (D86) Stock Overview

Risk Analysis

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Turnstone Resources Ltd Competitors

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Price History & Performance

Recent News & Updates

Turnstone Resources Ltd has filed a Follow-on Equity Offering in the amount of AUD 1.1 million.

Less than half of directors are independent

South Harz Potash Limited has filed a Follow-on Equity Offering in the amount of AUD 1.25 million.

South Harz Potash Limited Announces Board Changes

South Harz Potash Limited has completed a Follow-on Equity Offering in the amount of AUD 0.07 million.

South Harz Potash Limited has filed a Follow-on Equity Offering in the amount of AUD 0.07 million.

Recent updates

Turnstone Resources Ltd has filed a Follow-on Equity Offering in the amount of AUD 1.1 million.

Less than half of directors are independent

South Harz Potash Limited has filed a Follow-on Equity Offering in the amount of AUD 1.25 million.

South Harz Potash Limited Announces Board Changes

South Harz Potash Limited has completed a Follow-on Equity Offering in the amount of AUD 0.07 million.

South Harz Potash Limited has filed a Follow-on Equity Offering in the amount of AUD 0.07 million.

South Harz Potash Limited, Annual General Meeting, Nov 26, 2025

South Harz Potash Limited has completed a Follow-on Equity Offering in the amount of AUD 1.16 million.

South Harz Potash Limited Appoints Richard Pearce as Non-Executive Director Effective June 20, 2025

South Harz Potash Limited has filed a Follow-on Equity Offering in the amount of AUD 1.21205 million.

Insufficient new directors

South Harz Potash Limited has completed a Follow-on Equity Offering in the amount of AUD 0.05 million.

South Harz Potash Limited has filed a Follow-on Equity Offering in the amount of AUD 0.05 million.

South Harz Potash Limited has completed a Follow-on Equity Offering in the amount of AUD 1.106596 million.

South Harz Potash Limited Appoints Len Jubber as Executive Chairman

Insufficient new directors

South Harz Potash Limited has completed a Follow-on Equity Offering in the amount of AUD 1.2701 million.

South Harz Potash Limited has filed a Follow-on Equity Offering in the amount of AUD 1.2451 million.

South Harz Potash Limited, Annual General Meeting, Oct 26, 2023

South Harz Potash Appoints Seamus Cornelius as Non-Executive Director with Effect from August 21, 2023

New major risk - Revenue and earnings growth

Executive Director has left the company