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Anson Resources
(Sydney:ASN)
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Rating:49Neutral
Price Target:
AU$0.04
▼(-57.00% Downside)
Action:Reiterated
Date:05/20/26
The score is held back primarily by weak financial performance—pre-revenue operations, persistent losses, and ongoing cash burn—despite a relatively low-leverage balance sheet. Technical indicators provide moderate near-term support, but longer-term trend weakness remains. Valuation is also unattractive due to negative earnings and no dividend yield data.
Positive Factors
Low leverage / strong balance sheet
A very low debt-to-equity ratio (~0.03) and modest absolute debt give Anson durable financial flexibility. This reduces refinancing risk, supports continued project funding capacity, and provides optionality to pursue development or JV opportunities without immediate solvency pressure.
Negative Factors
Pre-revenue operations
Having no reported revenue means the business model is unproven commercially and project economics remain hypothetical. This elevates execution and development risk, lengthens time to sustainable margins, and makes outcomes highly dependent on successful resource-to-production milestones.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
A very low debt-to-equity ratio (~0.03) and modest absolute debt give Anson durable financial flexibility. This reduces refinancing risk, supports continued project funding capacity, and provides optionality to pursue development or JV opportunities without immediate solvency pressure.
Read all positive factors
Anson Resources (ASN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$69.64M
Dividend YieldN/A
Average Volume (3M)7.59M
Price to Earnings (P/E)―
Beta (1Y)1.24
Revenue GrowthN/A
EPS Growth37.97%
CountryAU
Employees4
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)>-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
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
Negative
0.10
Price Trends
0.05
Negative
0.05
Negative
0.06
Negative
Market Momentum
>-0.01
Negative
38.87
Neutral
33.33
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 0.1 is above the 20-day moving average (MA) of 0.04, above the 50-day MA of 0.05, and above the 200-day MA of 0.06, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 38.87 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 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% | |
49 Neutral | AU$69.64M | -8.57 | -12.64% | ― | ― | 37.97% | |
49 Neutral | AU$95.34M | -59.38 | -5.62% | ― | ― | 35.64% | |
46 Neutral | AU$130.39M | -2,350.00 | -0.02% | ― | ― | 99.44% | |
42 Neutral | AU$54.47M | -4.81 | -7.41% | ― | 5472.73% | 40.17% | |
42 Neutral | AU$69.14M | -0.90 | -67.75% | ― | ― | 69.69% | |
41 Neutral | AU$76.60M | -10.63 | -9.03% | ― | -78.48% | 52.16% |
* Basic Materials Sector Average
AU:ASN
Anson Resources
0.04
-0.07
-61.82%
AU:AVL
Australian Vanadium
0.14
-0.11
-44.00%
AU:GL1
Global Lithium Resources Ltd.
0.47
0.26
123.81%
AU:E25
Element 25 Limited
0.24
<0.01
2.17%
AU:HAS
Hastings Technology Metals Limited
0.31
<0.01
2.35%
AU:OCN
Oceana Lithium Ltd.
0.38
0.32
522.95%
Anson Resources Corporate Events
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...
Anson Resources Faces Shareholder Push for Board Overhaul and New Incentive Grants
Jun 25, 2026
Anson Resources has received a shareholder requisition under section 249D of the Corporations Act from eighteen investors holding about 5.22% of the company’s voting power, seeking to overhaul its board. The group intends to remove current d...
Anson taps Baker Hughes for Green River lithium wellfield design
Jun 22, 2026
Anson Resources has appointed energy technology major Baker Hughes to deliver a two-phase wellfield engineering program for its Green River Lithium Project in Utah. The work, led by Baker Hughes’ GaffneyCline advisory division, will cover re...
Anson Resources faces shareholder move to oust two directors
Jun 18, 2026
Anson Resources has received a notice from a group of eighteen shareholders, collectively holding about 5.22% of the voting power, seeking to propose resolutions at a general meeting to remove directors Bruce Richardson and Gregory Knox from the b...
Anson’s Updated Study Positions Green River as Prospective Low-Cost Lithium Producer
Jun 16, 2026
Anson Resources has released an updated engineering study for its Green River lithium project, confirming a projected first-quartile cost position with an estimated operating cost of US$3,837 per tonne of lithium carbonate equivalent and comparati...
Anson’s A1 Lithium Pushes Ahead With Low-Cost Green River Project in Utah
May 21, 2026
A1 Lithium, the U.S. arm of Anson Resources, is advancing its flagship Green River Lithium Project in the Paradox Basin of Utah, a region considered a potentially major, low-impurity lithium brine resource. The project benefits from privately owne...
Anson and POSCO Advance Binding Deal for Green River Lithium DLE Demo Plant
May 12, 2026
Anson Resources and South Korea’s POSCO Holdings have secured board approvals for the terms of a binding agreement to develop a Direct Lithium Extraction demonstration plant at Anson’s Green River Lithium Project in Utah. POSCO will de...
Anson Resources Lifts Green River Lithium Resource by 650% After ASX-Mandated Clarification
May 12, 2026
Anson Resources has significantly upgraded the JORC mineral resource estimate for its Green River Lithium Project in Utah, revising indicated resources to 183,000 tonnes and inferred resources to 590,000 tonnes of lithium carbonate equivalent, inc...
Anson’s A1 Lithium Joins U.S. Defense Consortium, Yellow Cat Project Wins Positive Review
May 10, 2026
Anson’s U.S. subsidiary A1 Lithium has joined the U.S. Defense Industrial Base Consortium, a Department of War-backed group aimed at strengthening strategic domestic supply chains. The membership gives the company closer access to agencies s...
Anson Resources Confirms Lapse of 2.8 Million Performance Rights
May 4, 2026
Anson Resources has notified the market that 2.8 million ASNAA performance rights have lapsed after the conditions attached to these rights were not met or are no longer capable of being satisfied. The lapse, effective 1 May 2026, reduces the comp...
Anson Resources Issues 1.5 Million Unquoted Performance Rights
May 4, 2026
Anson Resources Limited has notified the market of the issue of 1,500,000 unquoted performance rights, classified under ASX security code ASNAA, with an issue date of May 1, 2026. The move forms part of the company’s broader capital manageme...
Anson Resources Lifts Green River Lithium Resource by 650% After New Drilling
May 3, 2026
Anson Resources has reported a 650% upgrade to the JORC Mineral Resource estimate at its Green River Lithium Project in Utah, driven by new drilling data from the Bosydaba #1 and Mt Fuel-Skyline Geyser 1-25 wells. The Indicated resource has risen ...
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...
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.