Anson Resources Limited (AU:ASN)
ASX:ASN
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Anson Resources
(Sydney:ASN)
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Rating:45Neutral
Price Target:
AU$0.05
▼(-50.00% Downside)
Action:ReiteratedDate:04/30/26
The score is primarily weighed down by weak financial performance: the company is pre-revenue with persistent losses and ongoing operating/free-cash-flow burn, implying funding sensitivity despite improved, low leverage. Technicals add a modest drag due to weaker medium/long-term trend levels, while valuation remains constrained by a negative P/E and no stated dividend yield.
Positive Factors
Low financial leverage
A very low debt load relative to equity provides durable financial flexibility: lower interest obligations, greater capacity to raise project finance, and reduced refinancing risk. For a pre-revenue explorer this conservatism lengthens runway and supports development optionality over months to years.
Negative Factors
Pre-revenue business model
Zero reported revenue across periods means no operating cash inflows from commercial production. Reliance on project development milestones and future commercialization creates structural execution risk: until assets generate revenue, funding needs and commercialization timing remain uncertain.
Read all positive and negative factors
Positive Factors
Negative Factors
Low financial leverage
A very low debt load relative to equity provides durable financial flexibility: lower interest obligations, greater capacity to raise project finance, and reduced refinancing risk. For a pre-revenue explorer this conservatism lengthens runway and supports development optionality over months to years.
Read all positive factors
Anson Resources (ASN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$82.60M
Dividend YieldN/A
Average Volume (3M)7.59M
Price to Earnings (P/E)―
Beta (1Y)1.51
Revenue GrowthN/A
EPS Growth37.97%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding1,619,523,300
10 Day Avg. Volume7,582,932
30 Day Avg. Volume7,592,683
Financial Highlights & Ratios
PEG Ratio0.38
Price to Book (P/B)1.28
Price to Sales (P/S)0.00
P/FCF Ratio-7.41
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
Anson Resources Business Overview & Revenue Model
Company Description
Anson Resources Limited (ASN) is an Australian-based exploration and development company primarily focused on the resources sector. The company is engaged in the exploration of minerals and resources, with a particular emphasis on lithium and othe...
How the Company Makes Money
null...
Anson Resources Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
24
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -655.69K | -652.50K | -652.26K | -286.07K | -127.64K | -111.95K |
| EBITDA | -6.52M | -7.69M | -9.06M | -11.88M | -3.21M | -4.13M |
| Net Income | -7.01M | -8.50M | -9.84M | -12.43M | -3.55M | -4.52M |
Balance Sheet | ||||||
| Total Assets | 65.97M | 52.66M | 54.60M | 59.73M | 16.30M | 6.09M |
| Cash, Cash Equivalents and Short-Term Investments | 14.00M | 2.45M | 8.22M | 38.65M | 5.73M | 2.23M |
| Total Debt | 939.80K | 1.25M | 1.43M | 1.48M | 1.19M | 762.31K |
| Total Liabilities | 3.98M | 3.71M | 4.94M | 3.24M | 5.56M | 3.23M |
| Stockholders Equity | 61.98M | 48.95M | 49.66M | 56.50M | 10.74M | 2.85M |
Cash Flow | ||||||
| Free Cash Flow | -7.90M | -8.45M | -30.68M | -15.98M | -7.44M | -4.01M |
| Operating Cash Flow | -7.59M | -8.15M | -7.02M | -9.62M | -1.22M | -2.79M |
| Investing Cash Flow | -3.13M | -4.02M | -22.96M | -6.36M | -6.21M | -1.12M |
| Financing Cash Flow | 17.05M | 6.38M | -450.97K | 48.93M | 10.91M | 5.59M |
Anson Resources Technical Analysis
Positive
0.10
Price Trends
0.05
Positive
0.06
Positive
0.08
Negative
Market Momentum
>-0.01
Negative
69.30
Neutral
95.24
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ASN, the sentiment is Positive. The current price of 0.1 is above the 20-day moving average (MA) of 0.05, above the 50-day MA of 0.05, and above the 200-day MA of 0.08, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 69.30 is Neutral, neither overbought nor oversold. The STOCH value of 95.24 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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$149.89M | 51.54 | -0.02% | ― | ― | 99.44% | |
49 Neutral | AU$94.81M | -10.85 | -5.62% | ― | ― | 35.64% | |
47 Neutral | AU$94.49M | -11.27 | -9.03% | ― | -78.48% | 52.16% | |
45 Neutral | AU$82.60M | -7.07 | -12.64% | ― | ― | 37.97% | |
45 Neutral | AU$98.90M | -12.92 | -67.75% | ― | ― | 69.69% | |
42 Neutral | AU$78.88M | -4.96 | -7.41% | ― | 5472.73% | 40.17% |
* Basic Materials Sector Average
AU:ASN
Anson Resources
0.05
>-0.01
-7.14%
AU:AVL
Australian Vanadium
0.20
-0.08
-29.09%
AU:GL1
Global Lithium Resources Ltd.
0.60
0.42
250.00%
AU:E25
Element 25 Limited
0.29
0.06
26.67%
AU:HAS
Hastings Technology Metals Limited
0.45
0.12
36.09%
AU:OCN
Oceana Lithium Ltd.
0.49
0.46
1632.14%
Anson Resources Corporate Events
Anson Resources Director Tim Murray Increases Indirect Shareholding
Apr 30, 2026
Anson Resources has reported a change in director Tim Murray’s relevant interests, after he increased his indirect holding in the company through Plantaria Pty Ltd. The transaction saw Murray acquire 100,000 ordinary shares on market for $5,...
Anson Resources advances Utah lithium projects and hits battery-grade purity milestone
Apr 29, 2026
Anson Resources reported progress at its Green River Lithium Project in Utah, intersecting the Mississippian target horizon in the Mt Fuel–Skyline Geyser well, collecting brine samples to support a potential expansion of its maiden JORC mine...
Anson Resources Flags Green River Lithium Resource Upgrade on Higher Porosity Data
Apr 19, 2026
Anson Resources has reported higher effective porosity values from historical diamond core at its Green River Lithium Project in Utah, with an average of 8.8% measured in Mississippian Unit core from the Floy Unit 1 well, compared with the 6% figu...
Anson Extends Uranium-Vanadium Strike at Utah’s Yellow Cat Project
Apr 7, 2026
Anson Resources has completed an initial 23-hole exploration drilling program at its Yellow Cat Uranium Vanadium Project in Utah, confirming that mineralisation continues for about 2,500 metres along strike between the historical Cactus Rat and Mc...
POSCO Delays Green River Lithium Investment Decision but Reaffirms Commitment to Anson
Apr 1, 2026
Anson Resources has confirmed that POSCO Holdings has postponed its internal investment approval decision for the planned Direct Lithium Extraction demonstration plant at Anson’s Green River Lithium Project in Utah, citing broader global unc...
Anson Resources Starts Yellow Cat Drilling to Test Uranium-Vanadium Strike Extension
Mar 23, 2026
Anson Resources has started a new drilling program at its Yellow Cat uranium and vanadium project in Utah, aiming to confirm mineralisation continuity over 4,500 metres between historical mine workings. The campaign will comprise 24 aircore holes ...
Anson Resources Details Governance and Corporate Structure in Half-Year Report
Mar 16, 2026
Anson Resources has released its half-year report for the six months ended 31 December 2025, detailing its corporate structure and governance framework. The announcement outlines the roles of its executive leadership team and changes to the board,...
Anson Resources Delivers EV-Grade Lithium Carbonate From Green River Brine
Feb 9, 2026
Anson Resources has produced 99.4% purity electric vehicle battery-grade lithium carbonate from brine sourced at its Green River Lithium Project, processed via direct lithium extraction and a proprietary downstream flowsheet. The eluate from prior...
Anson Intersects Mississippian Horizon to Boost Green River Lithium Resource
Feb 5, 2026
Anson Resources has intersected the key Mississippian horizon at a depth of 9,189 feet in the Mt Fuel-Skyline Geyser 1-25 well at its Green River Lithium Project in Utah, collecting fluid and brine samples after detecting chlorides in the oil-base...
Anson Sends High-Purity Lithium Chloride Sample to Nusano for Isotope Test Work
Feb 5, 2026
Anson Resources has supplied a high-concentration, high-purity lithium chloride sample, produced via its Direct Lithium Extraction pilot plant at the Green River Lithium Project and further concentrated at its Lithium Innovation Center, to Utah-ba...
Anson Flags Historical High-Grade Uranium-Vanadium Resource at Yellow Cat Project
Feb 3, 2026
Anson Resources has disclosed that its Yellow Cat uranium-vanadium project in Utah hosts a non-JORC compliant historical mineral resource estimate of 56,850 tons grading 2,400ppm U3O8 and 1.47% V2O5, derived from extensive drilling conducted by U....
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.