Alma Metals Limited Chess Depository Interests repr 1 Shs (AU:ALM)
ASX:ALM
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Alma Metals Limited Chess Depository Interests repr 1 Shs
(Sydney:ALM)
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Rating:49Neutral
Price Target:
$0.01
Action:Reiterated
Date:05/15/26
The score is held down primarily by weak financial performance (no revenue, ongoing losses, and persistent cash burn alongside a shrinking equity base). Technicals provide a moderate offset with price above key short-term averages and positive momentum. Valuation remains challenged due to negative earnings and no dividend yield data.
Positive Factors
Battery-metal focus
ALM's strategic focus on base- and battery-metal exploration aligns the company with structural demand for battery and infrastructure metals. That positioning preserves long-term project optionality, partnership appeal and capital-raising interest versus diversified juniors without sector alignment.
Negative Factors
No revenue and recurring losses
The absence of revenue and ongoing net losses indicate the company has yet to demonstrate commercial value creation. Persistent negative profitability weakens internal funding capacity, forces repeated external financing, and limits time-tested proof points that underpin long-term project development plans.
Read all positive and negative factors
Positive Factors
Negative Factors
Battery-metal focus
ALM's strategic focus on base- and battery-metal exploration aligns the company with structural demand for battery and infrastructure metals. That positioning preserves long-term project optionality, partnership appeal and capital-raising interest versus diversified juniors without sector alignment.
Read all positive factors
Alma Metals Limited Chess Depository Interests repr 1 Shs (ALM) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$31.29M
Dividend YieldN/A
Average Volume (3M)N/A
Price to Earnings (P/E)―
Beta (1Y)2.37
Revenue GrowthN/A
EPS Growth48.00%
CountryAU
Employees15
SectorBasic Materials
Sector Strength58
IndustryCopper
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding2,603,031,500
10 Day Avg. VolumeN/A
30 Day Avg. VolumeN/A
Financial Highlights & Ratios
PEG Ratio0.15
Price to Book (P/B)2.06
Price to Sales (P/S)0.00
P/FCF Ratio-2.17
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
Alma Metals Limited Chess Depository Interests repr 1 Shs Business Overview & Revenue Model
Company Description
Alma Metals Limited is an exploration firm focused on discovering metallic mineral deposits across Australia, with a particular emphasis on copper and gold. Its assets include the Briggs, Mannersley, and Fig Tree Hill Porphyry copper project in Qu...
How the Company Makes Money
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Alma Metals Limited Chess Depository Interests repr 1 Shs Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
54
Neutral
Cash Flow
28
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | -677.29K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -702.96K | -25.67K | -18.22K | -9.91K | 0.00 | 0.00 |
| EBITDA | -4.17M | -4.33M | -3.10M | -2.76M | -2.33M | 2.51M |
| Net Income | -2.29M | -3.68M | -3.12M | -2.77M | -9.25M | -5.39M |
Balance Sheet | ||||||
| Total Assets | 6.90M | 3.57M | 5.50M | 6.26M | 4.81M | 13.24M |
| Cash, Cash Equivalents and Short-Term Investments | 2.63M | 1.02M | 2.21M | 2.56M | 1.63M | 8.52M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 470.40K | 560.22K | 342.75K | 246.79K | 105.62K | 107.81K |
| Stockholders Equity | 6.43M | 3.01M | 5.16M | 6.01M | 4.70M | 13.13M |
Cash Flow | ||||||
| Free Cash Flow | -2.13M | -2.86M | -2.99M | -2.70M | -1.81M | -794.76K |
| Operating Cash Flow | -2.13M | -2.85M | -2.97M | -2.65M | -1.78M | -794.76K |
| Investing Cash Flow | 464.43K | 276.32K | 25.96K | 32.40K | -1.33M | 803.55K |
| Financing Cash Flow | 2.41M | 1.39M | 2.67M | 3.46M | 3.26M | -513.00 |
Alma Metals Limited Chess Depository Interests repr 1 Shs 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% | |
60 Neutral | AU$26.12M | -33.41 | -3.08% | ― | 38.90% | 61.19% | |
57 Neutral | AU$7.14M | -3.14 | -22.10% | ― | ― | 40.00% | |
54 Neutral | AU$37.49M | -3.05 | -38.76% | ― | ― | ― | |
49 Neutral | AU$31.29M | -11.44 | -48.46% | ― | ― | 48.00% | |
43 Neutral | AU$7.02M | -4.35 | -123.30% | ― | ― | 62.32% |
* Basic Materials Sector Average
AU:ALM
Alma Metals Limited Chess Depository Interests repr 1 Shs
0.01
<0.01
40.00%
AU:NFM
Castillo Copper Ltd.
0.01
0.00
0.00%
AU:CPO
Culpeo Minerals Limited
0.01
>-0.01
-9.09%
AU:RRR
Revolver Resources Holdings Ltd
0.08
0.05
156.67%
AU:NRX
Noronex Ltd.
0.01
>-0.01
-8.33%
AU:SLM
Solis Minerals Ltd Registered Shs
0.11
0.02
25.00%
Alma Metals Limited Chess Depository Interests repr 1 Shs Corporate Events
Alma Metals Wins Strong Shareholder Backing for Share Placement Resolutions
Jun 22, 2026
Alma Metals Limited reported the outcomes of its general meeting held on 22 June 2026, where shareholders voted on several resolutions related to the ratification and issuance of placement shares. The poll results showed overwhelming support, with...
Alma Metals Calls 2026 General Meeting to Formalise Shareholder Votes
May 25, 2026
Alma Metals Limited has called a general meeting of shareholders to be held on 22 June 2026 in Subiaco, Western Australia. Shareholders are encouraged to participate in the meeting by lodging proxy or voting instruction forms, underscoring the com...
Alma Metals Director Increases Shareholding Through On-Market Purchase
May 13, 2026
Alma Metals Limited has disclosed a change in director Valentine Chitalu’s holdings following an on-market purchase of additional ordinary shares. Between 7 and 11 May 2026, Chitalu acquired 4,115,375 Alma Metals shares for approximately $59...
Alma Metals Plans Major CDI Placement to Expand Capital Base
May 6, 2026
Alma Metals Limited has notified the ASX of a proposed equity placement involving the issue of up to 400 million CHESS Depositary Interests on a 1:1 basis, with a planned issue date of May 14, 2026. The move signals a significant potential expansi...
Alma Metals Secures $4 Million to Advance Briggs Copper Project and Boost JV Position
May 6, 2026
Alma Metals has raised $4 million through an oversubscribed share placement at $0.01 per share, drawing strong support from institutional, sophisticated, and director investors. The two-tranche structure, using existing placement capacity for Tran...
Alma Metals Advances Briggs Copper Project With Strong Drilling Results and New Resource Program
Apr 29, 2026
Alma Metals has reported final assays from its 2025 drilling program at the Briggs copper project in Queensland, confirming very thick and higher-grade mineralised intersections than the current resource average and highlighting the project’...
Alma Metals Launches Major Drilling Push to Advance Briggs Copper Project
Apr 29, 2026
Alma Metals has launched a major 12–15 month drilling campaign at its Briggs Copper Project in Central Queensland to expand and upgrade its existing mineral resource, which currently hosts 2 million tonnes of contained copper plus molybdenum...
Alma Metals Reaffirms Briggs Copper Data Ahead of Asia Roadshow
Apr 2, 2026
Alma Metals Limited, an Australian copper explorer and developer listed on the ASX as ALM, is advancing the Briggs copper project in Central Queensland and reports its mineral resources and exploration results in line with the JORC Code. The compa...
Alma Metals Issues 17 Million Unquoted Options Under Employee Incentive Scheme
Mar 30, 2026
Alma Metals Limited has notified the market of the issue of 17,000,000 unquoted options under an employee incentive scheme, each exercisable at 1.7 cents and expiring on 31 December 2028. The new options, issued on 27 March 2026, are not intended ...
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.
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