Empire Metals (NOGN) Stock Overview

Engages in the exploration and development of properties in the United Kingdom, Australia, and Austria. More details

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

Risk Analysis

Earnings are forecast to decline by an average of 16.1% per year for the next 3 years

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

Makes less than USD$1m in revenue (£0)

Currently unprofitable and not forecast to become profitable over the next 3 years

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Empire Metals Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for Empire Metals
Historical stock prices
Current Share Price	UK£0.60
52 Week High	UK£0.97
52 Week Low	UK£0.26
Beta	2.18
1 Month Change	55.93%
3 Month Change	90.25%
1 Year Change	85.58%
3 Year Change	1,290.80%
5 Year Change	4,381.48%
Change since IPO	-68.16%

Recent updates

Shareholder Returns

	NOGN	DE Metals and Mining	DE Market
7D	58.4%	2.2%	1.5%
1Y	85.6%	62.7%	3.1%

Return vs Industry: NOGN exceeded the German Metals and Mining industry which returned 62.7% over the past year.

Return vs Market: NOGN exceeded the German Market which returned 3.1% over the past year.

Price Volatility

Is NOGN's price volatile compared to industry and market?
NOGN volatility
NOGN Average Weekly Movement	22.1%
Metals and Mining Industry Average Movement	7.3%
Market Average Movement	5.3%
10% most volatile stocks in DE Market	13.0%
10% least volatile stocks in DE Market	2.8%

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

Volatility Over Time: NOGN's weekly volatility (22%) has been stable over the past year, but is still higher than 75% of German stocks.

About the Company

Founded	Employees	CEO	Website
n/a	7	Shaun Bunn	www.empiremetals.com

Empire Metals Limited engages in the exploration and development of properties in the United Kingdom, Australia, and Austria. The company explores for copper, lithium, gold, titanium, and other minerals. Its flagship project is the Pitfield project that includes four exploration tenements covering an area of 1,042 square kilometers located in Western Australia.

Empire Metals Limited Fundamentals Summary

How do Empire Metals's earnings and revenue compare to its market cap?
NOGN fundamental statistics
Market cap	€419.80m
Earnings (TTM)	-€4.14m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-101.5x

P/E Ratio

Is NOGN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NOGN income statement (TTM)
Revenue	UK£0
Cost of Revenue	UK£0
Gross Profit	UK£0
Other Expenses	UK£3.54m
Earnings	-UK£3.54m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)	-0.0048
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0%

How did NOGN perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/08/07 23:27
End of Day Share Price	2026/08/07 00:00
Earnings	2025/12/31
Annual Earnings	2025/12/31

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 world class team 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

Empire Metals Limited is covered by 1 analysts. 1 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
Timothy Huff	Canaccord Genuity

Empire Metals (NOGN) Stock Overview

Risk Analysis

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Price History & Performance

Recent News & Updates

Empire Metals Limited Announces Management Changes

Empire Metals Limited Reports Drilling Results From Thomas Prospect at Pitfield Project

Empire Metals Limited Completes Integrated Metallurgical Processing Flowsheet for Pitfield Titanium Project

Empire Metals Limited has completed a Follow-on Equity Offering in the amount of £8 million.

Empire Metals Limited Completes Drill Campaign and Reports Expansion of High-Grade Core At Thomas

Empire Metals Limited Reports Diamond Drilling Results At Pitfield Project

Recent updates

Empire Metals Limited Announces Management Changes

Empire Metals Limited Reports Drilling Results From Thomas Prospect at Pitfield Project

Empire Metals Limited Completes Integrated Metallurgical Processing Flowsheet for Pitfield Titanium Project

Empire Metals Limited has completed a Follow-on Equity Offering in the amount of £8 million.

Empire Metals Limited Completes Drill Campaign and Reports Expansion of High-Grade Core At Thomas

Empire Metals Limited Reports Diamond Drilling Results At Pitfield Project

Empire Metals Limited Announces Commencement of Major Drilling Campaign At the Pitfield Project in Western Australia

An undisclosed buyer agreed to acquire 75% stake in the Eclipse Gold Project from Empire Metals Limited (AIM:EEE) for AUD 0.75 million.

Empire Metals Limited Announces Commencement of Diamond Drilling Campaign At the Thomas Prospect Within the Pitfield Project in Western Australia

Empire Metals Limited has completed a Follow-on Equity Offering in the amount of £7 million.

Empire Metals Limited has filed a Follow-on Equity Offering in the amount of £7 million.

Empire Metals Limited Reports Maiden Mineral Resource Estimate at its Pitfield Project in Western Australia

Empire Metals Limited Reports Significant Progress in Metallurgical Testwork at its Pitfield Project in Western Australia

Empire Metals Limited Reports Outstanding Assay Results from Its Latest Drilling Campaign At the Pitfield Project in Western Australia

Empire Metals Limited Commences Bulk Metallurgical Testing

Empire Metals Limited Announces Completion of Major Drilling Campaign Targeting Maiden Mineral Resource Estimate

Empire Metals Limited Announces the Results from Its Most Recent Titanium Dio 2 Product Development Testwork Programme

Empire Metals Limited Announces Commencement of Major Drilling Campaign At Pitfield Project in Western Australia

Empire Metals Limited has completed a Follow-on Equity Offering in the amount of £4.5 million.

Empire Metals Limited Announces the Results from Recent Titanium Dose Product Development Testwork Programme

Empire Metals Limited Announces Major Drilling Campaign to Commence At Pitfield

Empire Metals Limited Announces Appointment of Phillip Brumit as Non-Executive Director, Effective from 1 February 2025

Empire Metals Limited Announces Pitfield Positive Drilling & Metallurgical Update

Empire Metals Limited Completes Diamond Drilling at Pitfield

Empire Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 2.5 million.

Empire Metals Limited Announces Commencement of Environmental Impact Assessment Studies for the Pitfield Project in Western Australia

New minor risk - Financial position

Empire Metals Limited Announces the Commencement of the Next Major Exploration Campaign at the Thomas and Cosgrove Prospects Within the Pitfield Project in Western Australia

Empire Metals Limited Announces Positive Results Achieved from Initial Processing Testwork on Pitfield Titanium Ore

Empire Metals Limited Announces High Purity Anatase Confirmed Within Weathered Cap

Insufficient new directors

Empire Metals Limited Announces JORC Exploration Target

Empire Metals Limited Announces Major New Titanium Dioxide Mineral Discovery

Empire Metals Limited Announces Results from Diamond Drilling Programme at Pitfield

Empire Metals Limited Announces Analytical Lab Results from the Final 22 Reverse Circulation Drillholes at the Pitfield Project in Western Australia

Empire Metals Limited Announces Analytical Lab Results from an Initial 18 Reverse Circulation Drill Holes At the Pitfield Project in Western Australia

Empire Metals Limited Completes Drilling Successfully At Pitfield

New minor risk - Financial data availability

Empire Metals Limited Announces the Addition of Two Experienced Mining Industry Specialists to the Development Team

Empire Metals Limited Announces the Commencement of the Next Major Exploration Campaign At the Pitfield Project in Western Australia

Empire Metals Limited Resource and Metallurgical Drilling to Commence At Pitfield to Accelerate Project Development & Funding Grant from Western Australian Government

Empire Metals Limited has completed a Follow-on Equity Offering in the amount of £3 million.

Empire Metals Limited Announces Interim Drill Results Identify Additional Shallow High-Grade Bedded Titanium Mineralisation

Empire Metals Limited Announces Analytical Lab Results from the Second and Third Diamond Core Drill holes Completed At the Pitfieldproject in Western Australia

Empire Metals Limited Announces Lab Results from Geochemical Analysis of Samples from the First of Three Diamond Core Drill Holes Completed At the Pitfield Project in Western Australia

Empire Metals Limited Announces Completion of Two of the Three Planned Diamond Core Holes

Empire Metals Limited to Commence Drilling At Pitfield Project

Empire Metals Limited Announces the Results of the Airborne Gravity Survey Recently Flown At the Pitfield Project

Empire Metals Limited Announces the Results of the First Petrographic and Mineralogical Studies on the High-Grade Titanium Discovery at the Pitfield Project Located in Western Australia

Empire Metals Limited Announces High-Grade Titanium Footprint Extends Over Entire 40km Long Mineral Systemat Pitfield

New major risk - Market cap size

Empire Metals Limited Announces Results from the Maiden Reverse Circulation Drill Programme At the Pitfield Project Located in Western Australia

Empire Metals Limited Announces Results of Dipole - Dipole Induced Polarisation Surveys Carried Out at Pitfield Copper Project, Located in Western Australia

Empire Metals Limited Announces Surface Sampling Carried Out in December 2022 At Thepitfield Copper Project (Pitfield) in Western Australia

Empire Metals Limited Announces 2023 Exploration Programmes Underway

Empire Metals Limited Announces Exploration Activities Commences at Pitfield Copper Project, Located in Western Australia

Empire Metals Limited Provides Analysis of the Historical Geochemical Sampling That Has Been Compiled to Date on the Pitfield Copper Project Located in Western Australia

Empire Metals Limited Announces the Results of an Expert Review on the Pitfield Copper Project

Empire Metals Limited Announces AEM Survey at Pitfield Copper-Gold Project

Empire Metals Limited Announces Airborne Magnetic Survey Identifies Significant Structure at Pitfield Copper-Gold Project

Empire Metals Limited Provides an Update on the Reverse Circulation Drilling Programme Recently Completed At the Eclipse-Gindalbie Gold Project

Empire Metals Limited Announces Commencement of its Exploration Activities at the 615 Km Pitfield Copper-Gold Project, Located in Western Australia

Michael Struthers, Non-Executive Director Steps Down from the Board of Empire Metals Limited