Want to see AU:ASN full AI Analyst Report?
Top Page
Anson Resources
(Sydney:ASN)
Select Model
Select Model
Rating:45Neutral
Price Target:
AU$0.04
▼(-14.00% Downside)
Action:Reiterated
Date:10/01/26
The score is primarily constrained by weak financial performance—ongoing losses, minimal revenue scale, and continued negative operating/free cash flow—despite the benefit of low leverage and a solid equity base. Technical indicators also reflect soft momentum (negative MACD and price below longer-term averages), while valuation provides limited insight due to negative earnings and no dividend yield support.
Positive Factors
Low Leverage
Very low and declining leverage gives Anson greater financial flexibility while it advances its minerals projects. A modest debt burden reduces interest and refinancing pressure, allowing more of its equity base to support exploration, process development, and future project funding.
Negative Factors
Minimal Revenue and Persistent Losses
Anson has not yet established meaningful revenue scale, and its large annual loss shows that commercial earnings are not currently supporting the business. This limits internal funding capacity and leaves the investment case dependent on successful project development and future production.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Very low and declining leverage gives Anson greater financial flexibility while it advances its minerals projects. A modest debt burden reduces interest and refinancing pressure, allowing more of its equity base to support exploration, process development, and future project funding.
Read all positive factors
Anson Resources (ASN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$66.57M
Dividend YieldN/A
Average Volume (3M)1.78M
Price to Earnings (P/E)―
Beta (1Y)1.22
Revenue GrowthN/A
EPS Growth24.19%
CountryAU
Employees4
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding1,623,621,300
10 Day Avg. Volume1,101,096
30 Day Avg. Volume1,779,630
Financial Highlights & Ratios
PEG Ratio0.40
Price to Book (P/B)1.23
Price to Sales (P/S)805.43
P/FCF Ratio-9.70
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)AU$369.00M
Anson Resources Business Overview & Revenue Model
Company Description
Anson Resources Limited is engaged in the identification, exploration, and advancement of mineral resources throughout the United States and Western Australia. The company's diverse array of offerings includes valuable commodities such as lithium,...
How the Company Makes Money
null...
Anson Resources Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
64
Positive
Cash Flow
18
Very Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 85.95K | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -4.75M | -652.50K | -652.26K | -286.07K | -127.64K |
| EBITDA | -7.00M | -7.69M | -9.06M | -11.88M | -3.21M |
| Net Income | -7.28M | -8.50M | -9.84M | -12.43M | -3.55M |
Balance Sheet | |||||
| Total Assets | 63.28M | 52.66M | 54.60M | 59.73M | 16.30M |
| Cash, Cash Equivalents and Short-Term Investments | 3.31M | 2.45M | 8.22M | 38.65M | 5.73M |
| Total Debt | 695.18K | 1.25M | 1.43M | 1.48M | 1.19M |
| Total Liabilities | 6.85M | 3.71M | 4.94M | 3.24M | 5.56M |
| Stockholders Equity | 56.43M | 48.95M | 49.66M | 56.50M | 10.74M |
Cash Flow | |||||
| Free Cash Flow | -7.14M | -8.45M | -30.68M | -15.98M | -7.44M |
| Operating Cash Flow | -7.14M | -8.15M | -7.02M | -9.62M | -1.22M |
| Investing Cash Flow | -9.36M | -4.02M | -22.96M | -6.36M | -6.21M |
| Financing Cash Flow | 17.34M | 6.38M | -450.97K | 48.93M | 10.91M |
Anson Resources Technical Analysis
Negative
0.05
Price Trends
0.05
Negative
0.05
Negative
0.05
Negative
Market Momentum
>-0.01
Positive
39.13
Neutral
30.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ASN, the sentiment is Negative. The current price of 0.05 is above the 20-day moving average (MA) of 0.04, above the 50-day MA of 0.05, and below the 200-day MA of 0.05, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 39.13 is Neutral, neither overbought nor oversold. The STOCH value of 30.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:ASN.
Anson Resources Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | AU$83.98M | -8.18 | -7.34% | ― | -100.00% | 22.03% | |
51 Neutral | AU$90.63M | -5.74 | -94.93% | ― | ― | -1766.67% | |
49 Neutral | AU$277.49M | -38.46 | -4.08% | ― | ― | -76.87% | |
45 Neutral | AU$66.57M | -8.72 | -12.29% | ― | ― | 24.19% | |
44 Neutral | AU$80.19M | -31.82 | -2.99% | ― | -100.00% | 70.00% | |
44 Neutral | AU$53.89M | -10.13 | -5.52% | ― | ― | 98.14% |
* Basic Materials Sector Average
AU:ASN
Anson Resources
0.04
-0.05
-52.87%
AU:AVL
Australian Vanadium
0.22
-0.03
-12.00%
AU:GL1
Global Lithium Resources Ltd.
1.00
0.60
150.00%
AU:E25
Element 25 Limited
0.25
-0.08
-24.62%
AU:HAS
Hastings Technology Metals Limited
0.23
-0.34
-59.44%
AU:OCN
Oceana Lithium Ltd.
0.39
0.21
113.89%
Anson Resources Corporate Events
Anson Resources Confirms ASX Corporate Governance Compliance for 2026
Sep 30, 2026
Anson Resources Limited has lodged its Appendix 4G with the ASX, confirming the location of its corporate governance statement for the year ended 30 June 2026 and compliance with disclosure requirements. The statement, approved by the board as at ...
Anson Expands Green River Lithium Tenure to Support Resource Upgrade and DFS
Sep 28, 2026
Anson Resources has secured approval from Utah’s School and Institutional Trust Land Administration for an additional 17 SITLA blocks at its Green River Lithium Project, adding 3,958 acres of highly prospective lithium-brine ground and expan...
Anson Resources Secures Strategic Offtake and Financing MoU for U.S. Lithium Project
Sep 20, 2026
Anson Resources has signed a non-binding Memorandum of Understanding with metals trader Wogen Resources America LLC and critical-minerals financier Xcelsior Capital Advisors to explore a long-term offtake and funding package for its Green River Li...
Anson Clears Environmental Path to JORC Upgrade at Yellow Cat Uranium-Vanadium Project
Sep 17, 2026
Anson Resources is an Australia-listed mineral exploration company focused on uranium and vanadium, primarily through its Yellow Cat Project in Utah, U.S. Via its subsidiary UV1 Minerals LLC, the company is working to convert historical mineral es...
Anson Resources Wins Major Utah Tax Incentives for Green River Lithium Project
Sep 10, 2026
Anson Resources has secured approval from Utah’s Governor’s Office of Economic Development for a post-performance tax credit of about $212 million to support its Green River Lithium Project through the state’s Rural Economic Deve...
Anson Resources Wins $212m Utah Tax Credit for Green River Lithium Project
Sep 10, 2026
Anson Resources has secured approval from Utah’s Governor’s Office of Economic Development for a post-performance tax credit of about $212 million to support its Green River Lithium Project via U.S. subsidiary A1 Lithium Inc. The incen...
Anson Resources Wins $194m Utah Incentive for Green River Lithium Project
Sep 4, 2026
Anson Resources has secured approval from the Utah Inland Port Authority for a business incentive capped at about $194 million to support its Green River Lithium Project. The incentive is structured as a rebate worth 50% of the additional property...
Anson Resources CFO to Depart as Lithium Projects Advance
Aug 31, 2026
Anson Resources has announced the resignation of Chief Financial Officer Matt Beattie, who will leave the company effective 2 November 2026 after joining in January 2023 and contributing to the development of its lithium-focused portfolio. The com...
Anson Resources Seeks Patents for Chemical-Free Iron Removal in Lithium Brines
Aug 30, 2026
Anson Resources has applied for two U.S. patents via its subsidiary A1 Technologies Inc. covering a “chemical-free” technology to remove iron from lithium-rich brines. The company has developed a pilot unit processing 5 to 10 gallons p...
Anson Resources Issues Shares on Conversion of Employee Performance Rights
Aug 28, 2026
Anson Resources has issued 2,298,000 ordinary shares following the conversion of performance rights granted to employees, utilising provisions that allow the issue without a disclosure document under the Corporations Act. The company confirmed it ...
Anson Resources Seeks ASX Quotation for Additional Ordinary Shares
Aug 28, 2026
Anson Resources has applied to the ASX for quotation of 4,098,000 additional ordinary fully paid shares, following the issue of new securities through the exercise of options or conversion of other convertible instruments. The newly quoted shares,...
Anson Resources Confirms Lapse of 400,000 Performance Rights
Aug 28, 2026
Anson Resources Limited has reported the lapse of 400,000 performance rights, which ceased on 28 August 2026 after expiring unexercised. The cancellation slightly reduces the company’s pool of potential equity-based instruments, modestly aff...
Anson Resources Surpasses EV Battery-Grade Benchmark With 99.6% Lithium Carbonate
Aug 27, 2026
Anson Resources has reported that contractor JordProxa has produced lithium carbonate with a purity of 99.6% from brine at the Green River Lithium Project in Utah, surpassing the electric vehicle battery-grade benchmark of 99.5%. Independent assay...
Anson Resources Confirms Extended Uranium Trend at Yellow Cat Project in Utah
Aug 24, 2026
Anson Resources reported that its recent air core drilling at the Yellow Cat Uranium Vanadium Project in Utah has successfully confirmed the continuation of a mineralized paleochannel between the historic McCoy Group and Cactus Rat mines. The 23-h...
Anson Resources Shareholders Reject Board and Executive Changes at Extraordinary Meeting
Aug 14, 2026
Anson Resources has disclosed the results of an Extraordinary General Meeting at which shareholders voted on a series of board and executive-related resolutions. All items of business, including proposals to remove existing directors, appoint new ...
Anson’s A1 Lithium Highlights Green River Project in Utah’s Paradox Basin
Aug 11, 2026
A1 Lithium, the U.S. arm of Anson Resources, is promoting its Green River Lithium Project in Utah’s Paradox Basin as a significant domestic source of lithium brine with favourable chemistry and cost characteristics. The company’s conce...
Anson Resources Clarifies Valuation Basis for Director Performance Rights
Aug 7, 2026
Anson Resources has issued a clarification on how it values performance rights proposed for issue to directors at its 14 August general meeting, stating it is using a methodology based on 20-day volume-weighted average price hurdles rather than ac...
Utah Offers Anson Resources Up to US$357.7m in Incentives for Green River Lithium Project
Aug 4, 2026
Anson Resources has secured a formal Letter of Advice from the Economic Development Corporation of Utah outlining proposed state and local incentives worth an estimated US$357.7 million for its Green River Lithium Project. The package includes sub...
Anson Resources Highlights Scale of Green River Lithium Project in Utah
Aug 4, 2026
Anson Resources and A1 Lithium have outlined plans for their flagship Green River Lithium Project in Utah’s Paradox Basin, highlighting the region’s potential as one of the largest and most economical lithium brine resources in the U.S...
Anson Resources Expands Green River Lithium Project With New Utah Mineral Rights
Aug 2, 2026
Anson Resources has secured mineral rights from Utah’s Division of Forestry, Fire and State Lands over 1,175 acres at its Green River Lithium Project, increasing the project area by 5.4 percent and connecting claims on both sides of the Gree...
Anson Resources Advances Green River Lithium Project with Successful Downstream Tests
Jul 30, 2026
Anson Resources has reported a key step forward at its Green River Lithium Project, with partner JordProxa completing the first phase of downstream non-thermal processing of lithium chloride eluate. The work validates the proposed flowsheet for co...
Anson Resources Plans Investor Webinar to Update on Utah Projects
Jul 30, 2026
Anson Resources will host an online investor webinar on 4 August 2026 to brief shareholders and investors on recent developments across its U.S. project portfolio. Board members and senior management will provide updates on progress at the Green R...
Anson Resources boosts Green River lithium resource and secures POSCO DLE deal
Jul 30, 2026
Anson Resources reported a transformative quarter at its Green River Lithium Project in Utah, lifting its JORC-compliant mineral resource by 650% to 773,000 tonnes of lithium carbonate equivalent and confirming attractive cost metrics in a Scoping...
Anson Resources Advances Yellow Cat Uranium-Vanadium Exploration in Utah
Jul 29, 2026
Anson Resources Ltd is an Australia-listed exploration and development company focused on uranium and vanadium, with its Yellow Cat Project located in south-western Utah, U.S. Through its wholly owned subsidiary UV1 Minerals LLC, the company is wo...
Anson Resources Seeks Additional SITLA Tenure to Boost Green River Lithium Resource
Jul 23, 2026
Anson Resources has applied for 17 additional SITLA mineral blocks adjacent to its Green River Lithium Project and privately owned land in Utah, expanding its tenure by 3,958 acres of prospective lithium-rich brines. The new blocks, all within the...
Anson Resources Wins Key Approval for Green River Lithium Plant
Jul 10, 2026
Anson Resources has secured approval for a Small Scale Mining Operation at its Green River Lithium Project, clearing the way for a planned 10,000 tonnes per annum lithium carbonate plant that includes a direct lithium extraction site, brine field ...
Anson Advances Definitive Feasibility Study for Green River Lithium Project
Jul 8, 2026
Anson Resources has advanced the Definitive Feasibility Study for its Green River Lithium Project in Utah following an in-person review meeting at its Las Vegas office with key engineering and technology partners. Sedgman, part of ACS Group, is le...
Anson Resources Board Opposes Shareholder-Requisitioned Resolutions Ahead of August Meeting
Jul 8, 2026
Anson Resources has called a General Meeting of shareholders to be held in West Perth on 14 August 2026, with documentation available via its investor centre and through its share registry. The meeting will consider several shareholder-requisition...
Anson Resources Calls Shareholder Meeting for August 2026
Jul 8, 2026
Anson Resources Limited has called a General Meeting of shareholders to be held at 11:00 AM Perth time on Friday, 14 August 2026, at the Celtic Club in West Perth. The notice urges shareholders to carefully consider the resolutions to be voted on ...
Anson Resources Wins U.S. Congressional Support for Major DoE Grant Bids
Jul 6, 2026
Anson Resources has secured strong backing from three members of Utah’s delegation to the U.S. House of Representatives for its applications to three U.S. Department of Energy grant programs totaling USD$85 million. The support, conveyed in ...
Anson Resources Adjusts Capital Structure With Share Issue and Rights Cancellation
Jul 6, 2026
Anson Resources has issued 1,800,000 ordinary shares following the conversion of Class Z Performance Rights, using the Corporations Act provisions that allow issuance without a disclosure document, and has confirmed its compliance with continuous ...
Anson Resources Updates Director Tim Murray’s Security Holdings
Jul 6, 2026
Anson Resources has reported a change in director Tim Murray’s interests in the company’s securities, reflecting an adjustment between ordinary shares and performance rights. The disclosure, lodged under ASX listing rules, details move...
Anson Resources Updates Director Gregory Knox’s Equity Interests
Jul 6, 2026
Anson Resources has reported a change in the securities held by director Gregory Knox, reflecting adjustments to both his direct and indirect interests. The disclosure covers ordinary shares, performance rights, performance shares, and unlisted op...
Anson Resources Updates Market on Director Bruce Richardson’s Security Holdings
Jul 6, 2026
Anson Resources has disclosed a change in the interests of director Bruce Richardson, reporting adjustments to his direct and indirect holdings in ordinary shares and performance rights. The update, lodged under ASX listing rule 3.19A.2, reflects ...
Anson Resources Cuts 3.6 Million Lapsed Performance Rights From Capital Structure
Jul 6, 2026
Anson Resources Limited, listed on the ASX under the ticker ASN, operates in the resources industry and incorporates performance rights into its capital structure to incentivise corporate and operational performance. These instruments form part of...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.