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Odin Metals Ltd
(Sydney:G11)
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Rating:52Neutral
Price Target:
AU$0.24
▼(-28.82% Downside)
Action:Reiterated
Date:09/30/26
The score is held back primarily by weak financial performance (pre-revenue operations, persistent losses, and ongoing cash burn). Technical indicators provide a moderate offset with improving short-to-medium term momentum, while valuation contributes limited support due to a negative P/E and no dividend yield data.
Positive Factors
Debt-free balance sheet
The absence of reported debt limits mandatory interest and principal payments, giving Odin Metals greater financial flexibility than a similarly loss-making, leveraged company. This lowers refinancing exposure and provides more time to develop its operations without immediate creditor pressure.
Negative Factors
Pre-revenue operating profile
With effectively no recent revenue, Odin Metals has not yet demonstrated commercial traction or a repeatable source of operating income. This leaves its business model dependent on future development and funding rather than established customer demand, increasing uncertainty around revenue conversion.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
The absence of reported debt limits mandatory interest and principal payments, giving Odin Metals greater financial flexibility than a similarly loss-making, leveraged company. This lowers refinancing exposure and provides more time to develop its operations without immediate creditor pressure.
Read all positive factors
Odin Metals Ltd (G11) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$34.80M
Dividend YieldN/A
Average Volume (3M)65.54K
Price to Earnings (P/E)―
Beta (1Y)1.30
Revenue GrowthN/A
EPS Growth4.55%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.01
Shares Outstanding144,982,350
10 Day Avg. Volume131,347
30 Day Avg. Volume65,536
Financial Highlights & Ratios
PEG Ratio1.31
Price to Book (P/B)5.49
Price to Sales (P/S)0.00
P/FCF Ratio-109.05
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)N/A
Revenue Forecast (FY)N/A
Odin Metals Ltd Business Overview & Revenue Model
Company Description
G11 Resources Limited engages in mineral exploration activities in Australia. The company primarily explores for copper, gold, nickel, and base metal deposits. The company was formerly known as Odin Metals Limited and changed its name to G11 Resou...
Odin Metals Ltd Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
62
Positive
Cash Flow
18
Very Negative
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -5.98K | 0.00 | 0.00 | 0.00 | -8.29K |
| EBITDA | -1.28M | -851.08K | -1.07M | -1.38M | -1.66M |
| Net Income | -1.17M | -851.08K | -1.06M | -1.38M | -1.77M |
Balance Sheet | |||||
| Total Assets | 21.42M | 11.72M | 8.48M | 9.30M | 5.95M |
| Cash, Cash Equivalents and Short-Term Investments | 4.91M | 1.72M | 1.09M | 3.30M | 1.13M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 1.11M | 161.95K | 356.75K | 237.03K | 393.02K |
| Stockholders Equity | 20.32M | 11.56M | 8.12M | 9.06M | 5.56M |
Cash Flow | |||||
| Free Cash Flow | -1.02M | -627.57K | -2.21M | -2.09M | -1.92M |
| Operating Cash Flow | -1.02M | -627.57K | -620.21K | -683.42K | -528.36K |
| Investing Cash Flow | -2.80M | -2.89M | -1.59M | -1.41M | -1.27M |
| Financing Cash Flow | 7.00M | 4.15M | 0.00 | 4.26M | -2.40K |
Odin Metals Ltd Technical Analysis
Positive
0.34
Price Trends
0.21
Positive
0.23
Positive
0.28
Negative
Market Momentum
<0.01
Negative
61.64
Neutral
79.37
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:G11, the sentiment is Positive. The current price of 0.34 is above the 20-day moving average (MA) of 0.23, above the 50-day MA of 0.21, and above the 200-day MA of 0.28, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 61.64 is Neutral, neither overbought nor oversold. The STOCH value of 79.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:G11.
Odin Metals Ltd 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$34.80M | -15.29 | -10.68% | ― | ― | 4.55% | |
48 Neutral | AU$61.88M | -44.67 | -4.04% | ― | 275.96% | 87.90% | |
47 Neutral | AU$34.28M | -24.71 | -7.59% | ― | ― | 65.71% | |
46 Neutral | AU$37.16M | -5.25 | -80.19% | ― | ― | -18.72% | |
42 Neutral | AU$35.96M | -0.27 | -92.53% | 2.50% | ― | -1311.11% | |
38 Underperform | AU$13.04M | -1.30 | -9.34% | ― | ― | 88.14% |
* Basic Materials Sector Average
AU:G11
Odin Metals Ltd
0.24
0.03
14.29%
AU:AUQ
Alara Resources
0.07
0.03
59.52%
AU:CLA
Celsius Resources
0.01
>-0.01
-15.38%
AU:CAV
Carnavale Resources Limited
0.08
<0.01
1.20%
AU:ADN
Andromeda Metals Limited
0.01
-0.01
-50.00%
AU:CPN
Caspin Resources Ltd.
0.13
0.04
40.45%
Odin Metals Ltd Corporate Events
G11 Resources Sets November Date and Nomination Deadline for 2026 AGM
Sep 28, 2026
G11 Resources Limited has scheduled its Annual General Meeting for Monday, 23 November 2026, and set 5:00 p.m. AEDT on 5 October 2026 as the deadline for shareholders to nominate candidates for the board. The company emphasised that the nomination...
G11 Resources Files Appendix 4G, Confirms Updated Governance Framework
Sep 22, 2026
G11 Resources has lodged its annual Appendix 4G with the ASX, confirming the location of its updated corporate governance statement for the year ended 30 June 2026 and stating that the statement is current as of 22 September 2026. The filing indic...
G11 Resources Issues Annual Report for Year Ended 30 June 2026
Sep 22, 2026
G11 Resources Limited has released its annual report for the year ended 30 June 2026, outlining its corporate directory, review of operations, and full statutory financial statements. The document also includes directors’ and auditors’...
G11 Resources Refines Zig Zag Geological Model and Plans New Drilling in Tasmania
Sep 15, 2026
G11 Resources has issued an amended exploration update for its Zig Zag copper-gold project, adding assay data, JORC-compliant reporting refinements and a competent person’s statement to meet ASX requirements. These changes formalise recent r...
Substantial Holder Exits Position in G11 Resources After Dilution and Consolidation
Aug 18, 2026
A substantial shareholder has exited their major position in G11 Resources Limited, according to a notice lodged under section 671B of the Corporations Act. Director Jason Peterson, through associated entities Sunset Capital Management and Celtic ...
G11 Resources Intersects Broad Alteration Zone at Tasmanian Sedgwick Bluff Project
Jul 29, 2026
G11 Resources used the June quarter to advance its diamond drilling campaign in Tasmania’s Mt Read volcanics, completing a second deep hole at the Sedgwick Bluff project that targeted the Zig Zag CSAMT geophysical anomaly near the Mt Lyell c...
G11 Resources Hits Broad Alteration Zone in Tasmania Drilling, Expands Exploration Program
Jul 13, 2026
G11 Resources has completed a second deep diamond drill hole, SD2602, at the Zig Zag CSAMT target within its Sedgwick project in Tasmania, intersecting about 90 metres of silica-sericite-pyrite altered rhyolite at around 600 metres below surface. ...
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.