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Anova Metals Ltd. (AU:WA8)
ASX:WA8

Anova Metals Ltd. (WA8) AI Stock Analysis

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AU

Anova Metals Ltd.

(Sydney:WA8)

Rating:45Neutral
Price Target:
AU$0.00
▼(-100.00%Downside)
Anova Metals Ltd.'s overall stock score is primarily impacted by its weak financial performance, characterized by negative income and cash flows. Technical analysis provides some optimism due to the bullish price trend. However, the valuation score is low due to the lack of profitability and dividend yield.

Anova Metals Ltd. (WA8) vs. iShares MSCI Australia ETF (EWA)

Anova Metals Ltd. Business Overview & Revenue Model

Company DescriptionAnova Metals Ltd. (WA8) is a mineral exploration and development company primarily engaged in the exploration of gold properties. Based in Australia, the company focuses on identifying and developing high-quality gold projects in favorable mining jurisdictions to enhance shareholder value. Anova Metals Ltd. aims to leverage its expertise in exploration and project development to bring promising gold assets into production.
How the Company Makes MoneyAnova Metals Ltd. makes money through the exploration and development of gold mining projects, which involves identifying valuable gold deposits and advancing these projects towards production. The company's primary revenue stream comes from selling gold extracted from its mining operations. Additionally, Anova may generate income through strategic partnerships, joint ventures, or the sale of mining rights to other companies. The company's earnings are also influenced by fluctuations in gold market prices, operational efficiency, and the successful development of its mining projects.

Anova Metals Ltd. Financial Statement Overview

Summary
Anova Metals Ltd. faces significant operational and financial challenges. Despite some revenue growth, it struggles with persistent losses and negative cash flows, indicating structural inefficiencies. The company needs to enhance operational efficiency, manage costs, and improve cash flow generation to ensure long-term financial health and shareholder value.
Income Statement
35
Negative
Anova Metals Ltd. has shown some revenue growth over the years; however, it is accompanied by significant negative net income and EBIT, indicating operational inefficiencies. The gross profit margin is positive but overshadowed by high operating losses, leading to negative EBIT and EBITDA margins. The company needs to focus on cost control and operational efficiency to improve profitability.
Balance Sheet
45
Neutral
The company's balance sheet reflects a moderate level of leverage with a low debt-to-equity ratio, which suggests limited financial risk from debt. However, the equity ratio is relatively high, indicating a reliance on equity financing. The negative net income results in negative return on equity, showing inefficiencies in generating shareholder value. The overall stability is compromised by declining equity over the years.
Cash Flow
40
Negative
Anova Metals Ltd. is experiencing negative operating and free cash flows, which are concerning for long-term sustainability. The cash flow from operating activities is consistently negative, indicating operational challenges. The free cash flow growth is negative, highlighting the need for better cash management and operational performance to generate positive cash flows.
Breakdown
TTMJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income StatementTotal Revenue
1.34M258.56K126.57K0.000.00
Gross Profit
1.34M258.56K126.57K-7.31K-5.25K
EBIT
-9.21M-10.86M-10.26M-3.72M-3.53M3.06M
EBITDA
-9.36M-20.37M-9.55M-3.64M-3.52M-693.41K
Net Income Common Stockholders
-10.28M-21.35M-9.88M-3.65M-4.18M2.77M
Balance SheetCash, Cash Equivalents and Short-Term Investments
10.57M3.87M6.15M4.65M7.65M3.40M
Total Assets
80.13M72.96M85.52M16.62M19.00M26.17M
Total Debt
400.91K400.91K449.75K0.000.002.83M
Net Debt
-10.17M-3.10M-5.20M-4.32M-7.40M-577.56K
Total Liabilities
18.04M19.67M22.49M577.96K538.58K6.34M
Stockholders Equity
62.09M53.28M63.03M16.05M18.46M19.83M
Cash FlowFree Cash Flow
-9.79M-9.55M-7.73M-3.79M-4.34M-1.89M
Operating Cash Flow
-9.73M-9.43M-7.66M-3.79M-4.34M-1.87M
Investing Cash Flow
-484.85K-1.74M940.22K0.008.17M457.04K
Financing Cash Flow
17.45M8.95M8.01M715.00K161.86K3.73M

Anova Metals Ltd. Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price0.11
Price Trends
50DMA
0.09
Positive
100DMA
0.07
Positive
200DMA
0.06
Positive
Market Momentum
MACD
<0.01
Positive
RSI
46.15
Neutral
STOCH
40.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WA8, the sentiment is Neutral. The current price of 0.11 is below the 20-day moving average (MA) of 0.11, above the 50-day MA of 0.09, and above the 200-day MA of 0.06, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 46.15 is Neutral, neither overbought nor oversold. The STOCH value of 40.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:WA8.

Anova Metals Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
AURMS
80
Outperform
AU$3.23B9.1426.42%2.87%54.37%310.22%
AUGOR
76
Outperform
$3.65B25.4913.42%0.54%11.93%22.74%
51
Neutral
$2.04B-1.15-21.37%3.64%2.88%-30.57%
AUWA8
45
Neutral
AU$123.96M-17.92%104.28%73.12%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:WA8
Anova Metals Ltd.
0.10
0.05
100.00%
AU:GOR
Gold Road Resources Ltd
3.36
1.78
113.20%
AU:RMS
Ramelius Resources Limited
2.79
1.00
56.22%

Anova Metals Ltd. Corporate Events

Warriedar Resources Director’s Shareholding Update
Jun 10, 2025

Warriedar Resources Limited has announced a change in the interests of its director, Mark Connelly. The company reported that Connelly has acquired 1,166,667 ordinary shares following the vesting and exercise of performance rights tied to a $0.10 WVAP hurdle, while an equal number of performance rights were disposed of. This change results in Connelly holding a total of 2,499,999 ordinary shares. The adjustment in director’s holdings reflects the company’s ongoing management of equity incentives, which could impact shareholder value and director alignment with company performance goals.

Warriedar Resources Expands Share Capital with New Issuance
Jun 10, 2025

Warriedar Resources Limited, listed on the ASX under the ticker WA8, has issued 5,770,470 ordinary fully paid shares as of June 10, 2025. This issuance was conducted without a disclosure document, in accordance with Section 708A(5) of the Corporations Act, indicating the company’s compliance with relevant legal provisions. This strategic move could potentially impact the company’s market positioning by increasing its share capital, which may interest stakeholders looking at the company’s growth and compliance practices.

Warriedar Resources Limited Announces Quotation of New Securities on ASX
Jun 10, 2025

Warriedar Resources Limited has announced the quotation of 4,459,417 ordinary fully paid securities on the Australian Securities Exchange (ASX) under the code WA8, effective June 10, 2025. This move signifies the company’s strategic financial maneuver to potentially enhance liquidity and investor interest, reflecting its ongoing efforts to strengthen its market position and operational capabilities.

Warriedar Resources Issues 170 Million Shares
Jun 5, 2025

Warriedar Resources Limited, listed on the ASX under the ticker WA8, has issued 170 million ordinary fully paid shares as of June 5, 2025. This issuance was conducted without disclosure under Part 6D.2 of the Corporations Act, relying on Section 708A(5). The company has confirmed compliance with relevant provisions of the Corporations Act and stated there is no excluded information as of the notice date.

Warriedar Resources Limited Announces Quotation of New Securities
Jun 5, 2025

Warriedar Resources Limited has announced the application for quotation of 170,000,000 ordinary fully paid securities on the Australian Securities Exchange (ASX) under the code WA8. This move is part of a previously announced transaction, which may enhance the company’s liquidity and market presence, potentially impacting its operations and positioning in the industry.

Warriedar Resources Launches Share Purchase Plan to Boost Ricciardo Development
Jun 2, 2025

Warriedar Resources Limited has announced a Share Purchase Plan (SPP) following a successful placement of 170 million shares, raising approximately A$17 million. The SPP allows eligible shareholders to purchase shares at A$0.10 each, aiming to raise an additional A$2 million. The funds will be used to accelerate the development of the Ricciardo deposit through extensive drilling, metallurgical tests, and engineering studies, enhancing the company’s resource inventory and exploration capabilities.

Warriedar Resources Initiates Share Purchase Plan
Jun 2, 2025

Warriedar Resources Limited, operating under the ticker ASX: WA8, announced a Share Purchase Plan that allows the issuance of fully paid ordinary shares without disclosure under Part 6D.2 of the Corporations Act 2001. This strategic move is in compliance with the ASIC Corporations Instrument 2019/547 and indicates the company’s adherence to relevant legal provisions, potentially enhancing its financial flexibility and shareholder value.

Warriedar Resources Initiates Trading Halt for Capital Raising
May 26, 2025

Warriedar Resources Limited, listed on the ASX under the ticker WA8, has requested a trading halt on its securities in anticipation of a forthcoming announcement related to a capital raising initiative. This trading halt is expected to last until the announcement is made or until normal trading resumes on 28 May 2025. The decision to halt trading is part of Warriedar’s strategic move to manage the capital raising process effectively, which could have significant implications for the company’s financial strategy and stakeholder interests.

Warriedar Resources Outlines Strategic Plans at MakCorp Webinar
May 20, 2025

Warriedar Resources Limited, operating under the ASX ticker WA8, is focused on advancing its gold and antimony resources in Western Australia. The company presented at the MakCorp Antimony Webinar, discussing its strategic plans and objectives, which include anticipated production and construction commencement dates. The release highlights the inherent risks and uncertainties associated with forward-looking statements, emphasizing the speculative nature of exploration and project development. Stakeholders are advised to consider these factors when evaluating the company’s future performance.

Warriedar Resources to Host Investor Webinar on Antimony and Gold Discoveries
May 6, 2025

Warriedar Resources Limited, a company listed on the ASX under the ticker WA8, is hosting an investor webinar to discuss its recent significant findings in Antimony and Gold. The webinar, led by Managing Director Amanda Buckingham, will provide insights into these results and allow for a live Q&A session with shareholders. This event highlights the company’s ongoing exploration efforts and its potential impact on market positioning and stakeholder interests.

Warriedar Resources Unveils Australia’s Largest Open-Pit Antimony Resource at Ricciardo Project
May 5, 2025

Warriedar Resources Limited has announced a significant update to its Ricciardo Project, revealing Australia’s largest open-pit antimony resource with a maiden Mineral Resource Estimate (MRE) of 12.2 million tonnes at 0.5% antimony. This development marks a 107% increase in the total Ricciardo MRE to 1.96 million ounces of gold equivalent, positioning Warriedar as a key player in the antimony market amid rising prices and supply constraints. The company plans to commence antimony-focused drilling and continue metallurgical testwork to further capitalize on this opportunity, while also expanding its gold resources within the Golden Range Project.

Warriedar Resources Unveils Australia’s Largest Open-Pit Antimony Resource
Apr 30, 2025

Warriedar Resources Limited has announced a significant update to its mineral resource estimates for the Ricciardo deposit, unveiling Australia’s largest open-pit antimony resource. The maiden antimony Mineral Resource Estimate (MRE) for Ricciardo stands at 12.2 Mt @ 0.5% Sb, highlighting a 107% increase in total Ricciardo MRE to 1.96 Moz AuEq. This development positions Warriedar as a key player in the antimony market, especially amid rising antimony prices and global supply constraints. The company plans to commence antimony-focused drilling and continue metallurgical testwork, aiming to expand its gold resources within the Golden Range Project.

Warriedar Resources Limited Announces Cessation of Securities
Apr 17, 2025

Warriedar Resources Limited has announced the cessation of 500,000 performance rights, which expired without being exercised or converted. This announcement may impact the company’s capital structure and could have implications for its stakeholders, as it reflects changes in the company’s securities management.

Warriedar Resources Reports Promising Exploration Results for Q1 2025
Apr 16, 2025

Warriedar Resources Limited, operating in the mining industry, reported significant progress in its exploration activities for the quarter ended March 31, 2025. The company achieved promising results from its drilling programs at the Golden Range and Fields Find Projects in Western Australia, discovering new mineralized structures and high-grade gold deposits. Additionally, metallurgical tests demonstrated excellent gold recovery rates, and antimony testing showed potential for marketable concentrate production. These developments enhance Warriedar’s operational capabilities and market positioning, with further resource estimates and testing planned for 2025.

Warriedar Resources Announces Director’s Interest Change
Apr 14, 2025

Warriedar Resources Limited has announced a change in the interests of its director, Dianmin Chen. The company disclosed that Chen, through CHEN DM PTY LTD, acquired 500,000 options exercisable at $0.10 on or before April 11, 2028, as approved by shareholders in a recent general meeting. This change reflects the company’s ongoing adjustments in its executive’s financial interests, potentially impacting its governance and strategic decisions.

Anova Metals Ltd. Reveals Top Investors in Warridar Resources
Apr 11, 2025

Anova Metals Ltd. has released a report detailing the top 20 investors in Warridar Resources Ltd., highlighting significant stakes held by major entities such as Citicorp Nominees Pty Limited and Jetosea Pty Ltd. This report provides insight into the ownership structure of Warridar Resources, which could influence future strategic decisions and investor relations.

Warriedar Resources to Quote 95.5 Million Options on ASX
Apr 11, 2025

Warriedar Resources Limited has announced a new application for the quotation of securities on the Australian Securities Exchange (ASX). The company is set to quote 95,500,000 options expiring on April 14, 2028, as part of previously announced transactions. This move is likely to impact the company’s market presence by potentially increasing its liquidity and providing more investment opportunities for stakeholders.

Warriedar Resources Limited Announces Proposed Securities Issue
Apr 1, 2025

Warriedar Resources Limited has announced a proposed issue of securities, specifically options exercisable at $0.10 on or before April 9, 2028, with a maximum of 95,500,000 securities to be issued. This move is part of a placement or other type of issue, indicating a strategic decision to potentially raise capital or expand its shareholder base, which could impact the company’s financial position and market presence.

Warriedar Resources Limited Announces New Options Prospectus
Apr 1, 2025

Warriedar Resources Limited has announced a prospectus for the offer of up to 95,500,000 new options to placement participants, exercisable at $0.10 within three years from the date of issue. The offer is highly speculative and does not aim to raise funds, and it is primarily available to participants in Australia, New Zealand, and Singapore, reflecting the company’s ongoing compliance with ASX disclosure obligations.

Warriedar Resources Announces Director’s Interest Change
Mar 28, 2025

Warriedar Resources Limited has announced a change in the interest of its director, Dianmin Chen, involving the acquisition of 1,000,000 ordinary shares and 5,000,000 performance rights. This change, approved by shareholders, reflects a strategic move to align the director’s interests with the company’s performance goals, potentially impacting the company’s market positioning and stakeholder confidence.

Warridar Resources Limited Announces Cessation of Securities
Mar 26, 2025

Warridar Resources Limited has announced the cessation of 1,000,000 performance rights under the ASX security code WA8AZ. This cessation is due to the expiry of options or other convertible securities without exercise or conversion, effective March 24, 2025. The announcement may impact the company’s issued capital structure, potentially affecting its market positioning and stakeholder interests.

Warriedar Resources Secures Shareholder Approval for Strategic Resolutions
Mar 19, 2025

Warriedar Resources Limited, operating in the resources sector, held a general meeting where several resolutions were passed. The meeting focused on the ratification and approval of the issuance of placement shares and securities to various directors and stakeholders. All resolutions were carried with a significant majority, indicating strong shareholder support for the company’s strategic initiatives.

Warriedar Resources Unveils Promising Antimony Assay Results at Ricciardo
Mar 16, 2025

Warriedar Resources Limited has announced positive assay results from its Ricciardo deposit, part of the Golden Range Project in Western Australia. The results reveal significant antimony mineralization, indicating the potential for substantial scale development. These findings support the company’s plans for a maiden Mineral Resource Estimate and further drilling within the ‘Golden Corridor,’ potentially enhancing its market position and offering promising implications for stakeholders.

Anova Metals Ltd. Releases Financial Statements
Mar 14, 2025

Anova Metals Ltd. has released its financial statements, including the Directors’ Report, Auditor’s Independence Declaration, and other financial documents. This release provides insights into the company’s financial performance and position, which are crucial for stakeholders to assess the company’s health and strategic direction.

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.