Latin Resources (DB:XL5) - Stock Price, News & Analysis

XL5 Stock Overview

Explores and develops mining projects in Australia, Peru, Argentina, and Brazil. More details

XL5 fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	0/6
Financial Health	4/6
Dividends	0/6

Risk Analysis

Earnings are forecast to decline by an average of 32.1% per year for the next 3 years

Makes less than USD$1m in revenue (A$87K)

Has less than 1 year of cash runway

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

+ 1 more risk

Latin Resources Limited Competitors

Greenland Resources

DB:M0LY

€78.4m

Eisen- und Hüttenwerke

DB:EIS

€202.4m

IberAmerican Lithium

DB:W2C

€1.0m

SIMONA

DB:SIM0

€357.0m

Price History & Performance

Summary of all time highs, changes and price drops for Latin Resources
Historical stock prices
Current Share Price	AU$0.098
52 Week High	AU$0.17
52 Week Low	AU$0.062
Beta	2.04
11 Month Change	-10.91%
3 Month Change	-24.62%
1 Year Change	-6.84%
33 Year Change	326.09%
5 Year Change	2,622.98%
Change since IPO	-56.44%

Recent updates

Shareholder Returns

	XL5	DE Metals and Mining	DE Market
7D	-18.3%	1.3%	0.8%
1Y	-6.8%	-26.8%	9.1%

Return vs Industry: XL5 exceeded the German Metals and Mining industry which returned -26.6% over the past year.

Return vs Market: XL5 underperformed the German Market which returned 8.5% over the past year.

Price Volatility

Is XL5's price volatile compared to industry and market?
XL5 volatility
XL5 Average Weekly Movement	9.3%
Metals and Mining Industry Average Movement	11.6%
Market Average Movement	4.8%
10% most volatile stocks in DE Market	10.8%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: XL5's share price has been volatile over the past 3 months compared to the German market.

Volatility Over Time: XL5's weekly volatility has decreased from 16% to 9% over the past year, but is still higher than 75% of German stocks.

About the Company

Founded	Employees	CEO	Website
2008	n/a	Chris Gale	www.latinresources.com.au

Latin Resources Limited explores and develops mining projects in Australia, Peru, Argentina, and Brazil. The company primarily explores for lithium, copper, and gold deposits. Its flagship project is the Salinas Lithium project, which consists of approximately 38,000 hectares located in the district of Minas Gerais, Brazil.

Latin Resources Limited Fundamentals Summary

How do Latin Resources's earnings and revenue compare to its market cap?
XL5 fundamental statistics
Market cap	€303.67m
Earnings (TTM)	-€11.54m
Revenue (TTM)	€53.94k

5,629x

P/S Ratio

-26.3x

P/E Ratio

Is XL5 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
XL5 income statement (TTM)
Revenue	AU$87.09k
Cost of Revenue	AU$0
Gross Profit	AU$87.09k
Other Expenses	AU$18.72m
Earnings	-AU$18.63m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.0066
Gross Margin	100.00%
Net Profit Margin	-21,390.24%
Debt/Equity Ratio	0%

How did XL5 perform over the long term?

See historical performance and comparison

XL5 Stock Overview

Risk Analysis

Latin Resources Limited Competitors

DB:M0LY

€78.4m

DB:EIS

€202.4m

DB:W2C

€1.0m

DB:SIM0

€357.0m

Price History & Performance

Recent News & Updates

New major risk - Revenue and earnings growth

Pilbara Minerals Limited (ASX:PLS) agreed to acquire Latin Resources Limited (ASX:LRS).

Less than half of directors are independent

New major risk - Financial position

No longer forecast to breakeven

Latin Resources Limited, Annual General Meeting, May 30, 2024

Recent updates

New major risk - Revenue and earnings growth

Pilbara Minerals Limited (ASX:PLS) agreed to acquire Latin Resources Limited (ASX:LRS).

Less than half of directors are independent

New major risk - Financial position

No longer forecast to breakeven

Latin Resources Limited, Annual General Meeting, May 30, 2024

Independent Non-Executive Chairman recently sold €222k worth of stock

Latin Resources Appoints Peter Oliver as Executive Director and Chairman of Development Committee

Forecast to breakeven in 2026

New major risk - Revenue and earnings growth

Maverick Minerals Pty Ltd entered into a binding heads of agreement to acquire Lachlan Fold Belt Project from Latin Resources Limited (ASX:LRS) for AUD 1.4 million.

New major risk - Revenue and earnings growth

Independent Non-Executive Director recently sold €89k worth of stock

Latin Resources Limited Provides the Latest Assay Results and an Update on the Progress of the 2023 Drilling Campaign At the Company's 100% Owned Colina Lithium Deposit

Latin Resources Limited Provide an Update on the Expansion of the Salinas Lithium Project in Brazil

Latin Resources Limited Announces Exceptional Assay Results from Colina West Potential

Latin Resources Limited Commences the 2023 Drilling Program At Salinas Lithium Project

Forecast to breakeven in 2025

Latin Resources Limited Provides Update on Resource Definition Drilling and Other Studies Currently Ongoing At High-Grade Colina Lithium Prospect

Latin Resources Limited Announces Ongoing Testwork Continues to Demonstrate Exceptional Metallurgy of Salinas Lithium Project with over 80% Recovery of Li2O

Latin Resources Limited Announces Ongoing Testwork Continues to Demonstrate Exceptional Metallurgy of Salinas Lithium Project with over 80% Recovery of Li2O

Latin Resources Limited Announces the Completion of It's Mineral Resource Update for the 100% Owned Cloud Nine Halloysitekaolin Deposit in Western Australia

Latin Resources Limited Announces Catamarca Exploration Update & Drilling at MT 03 Project Peru

Latin Resources Limited Reports Results from the Recent Rare Earth Element at its 100% Owned Cloud Nine Halloysite-Kaolin Deposit in Western Australia

Latin Resources Limited Announces Final Assay Results from Colina Resource Drilling in Brazil

Latin Resources Limited Announces Discovery of A New Lithium Mineralised Zone, Some 500M West of the Colina Prospect

Latin Resources Limited Updates on Resource Definition Drilling and Other Studies Currently Ongoing At Highgrade Colina Lithium Prospect

Latin Resources Limited Provides Update on the Preliminary "Sighter" Metallurgical Test Work Completed on Drill Core from the High-Grade Salinas Lithium Project

Latin Resources Limited Confirms Significant New Discovery At Colina West

Latin Resources Limited Announces Commencement of Feasibility Studies for Salinas Project

Latin Resources Limited Provides Update on Resource Definition Drilling and Other Studies Currently Ongoing At the Company's 100% Owned Highgrade Colina Lithium Prospect

Latin Resources Limited Secures New Colina Extension Doubles Strike Length

Latin Resources Limited (ASX:LRS) agreed to acquire Peep O’Day gold prospect of Mining and Energy Group Pty Ltd. for AUD 0.41 million.

Latin Resources Limited Updates Outstanding Kaolin Brightness Results from Cloud Nine Infill Drilling

Latin Resources Limited Advises the Latest Assay Results from Diamond Drilling At the Company's 100% Owned High-Grade Colina Lithium Prospect

Latin Resources Limited Provides the Latest Assay Results from Diamond Drilling At the Company's 100% Owned High-Grade Colina Lithium Prospect in Brazil

Latin Resources Limited Provides Brazil Resource Definition Drilling Update

Latin Resources Limited Announces the Commencement of Resource Definition Drilling Campaign

Latin Resources Limited Continues to Expand High-Grade Salinas Lithium Project

Latin Resources Limited, Annual General Meeting, May 30, 2022

Latin Resources Limited Announces Diamond Drill Testing of High-Grade Outcropping Lithium Pegmatites At the Company's Second Prospect Area, the Monte Alto Prospect in Brazil

Latin Resources Limited Announces New Drilling Results at Salinas Lithium Project

Latin Resources Limited Announces the First Assay Results from Drilling at the Salinas Lithium Project in Brazil

Latin Resources Limited Confirms the Ongoing Diamond Drilling Campaign at the Salinas Lithium Project in Brazil

Latin Resources Limited Commences Drilling at Salinas Lithium Project in Brazil

Latin Resources Limited Confirms Arrival of Two Diamond Drill Rigs on Site and to Commence Drilling over the Next Few Days on its Salinas Lithium Project in Brazil

Latin Resources Limited Announces High-Grade Results from Cloud Nine Halloysite-Kaolin Deposit

Latin Resources Limited Announces Diamond Drilling Set to Commence on Brazil Lithium Projects

Latin Resources Limited Releases an Update on Its Mostazal Copper Project in Northern Chile

Latin Resources Limited Provides Update on Salinas Lithium Project in Brazil

Latin Resources Limited Provides an Update of Recent and Ongoing Activities At the Company's Salinas Lithium Project

Latin Resources Limited Receives Results from First Pass Reconnaissance Rock Chip Sampling from the Peep O'day Prospect

Latin Resources Limited Commences Drilling At Noombenberry Kaolin-Halloysite Project

Latin Resources Limited Secures Additional Tenements in the Lachlan Fold Belt

Latin Resources Limited Announces Maiden JORC Mineral Resource - Noombenberry Project

Latin Resources Limited Provides Noombenberry Exploration Update

Latin Resources Limited Provides an Exploration Update on Noombenberry Project

Independent Non-Executive Chairman recently sold €297k worth of stock

Latin Resources Limited Announces Results from the Initial Batch of Samples from Air-Core Drilling At the Company's 100% Owned Noombenberry Project

Latin Resources Limited Completes First Pass and Infill Air-Core Drilling At the Owned Noombenberry Project