Australian Silica Quartz Group (AU:ASQ)
ASX:ASQ
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Australian Silica Quartz Group
(Sydney:ASQ)
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Rating:43Neutral
Price Target:
AU$0.02
▼(-15.00% Downside)
Action:Reiterated
Date:05/28/26
The score is weighed down primarily by persistent losses and accelerating cash burn, which elevate execution and funding risk, despite strong recent revenue growth and a zero-debt balance sheet. Technicals also remain weak with the price below major moving averages and negative MACD, while valuation is constrained by a negative P/E and no dividend support.
Positive Factors
Debt-free balance sheet
A zero-debt capital structure materially lowers ongoing interest obligations and reduces solvency risk, giving management flexibility to prioritize operations or investment. Over 2-6 months this durable cushion improves runway versus leveraged peers and eases pressure when funding needs arise.
Negative Factors
Structural unprofitability and widening losses
Continued operating and net losses indicate the business model is not yet generating sustainable earnings. Over the medium term this erodes internal capital, constrains reinvestment, and requires either a credible path to margin improvement or external funding to avoid dilution or operational cutbacks.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A zero-debt capital structure materially lowers ongoing interest obligations and reduces solvency risk, giving management flexibility to prioritize operations or investment. Over 2-6 months this durable cushion improves runway versus leveraged peers and eases pressure when funding needs arise.
Read all positive factors
Australian Silica Quartz Group (ASQ) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$5.66M
Dividend YieldN/A
Average Volume (3M)66.22K
Price to Earnings (P/E)―
Beta (1Y)1.49
Revenue GrowthN/A
EPS Growth27.45%
CountryAU
Employees5
SectorBasic Materials
Sector Strength58
IndustryAluminum
Share Statistics
EPS (TTM)0.00
Shares Outstanding314,610,380
10 Day Avg. Volume104,503
30 Day Avg. Volume66,218
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)1.05
Price to Sales (P/S)16.53
P/FCF Ratio-2.90
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
Australian Silica Quartz Group Business Overview & Revenue Model
Company Description
Australian Silica Quartz Group Ltd., together with its subsidiaries, engages in the acquisition, exploration, and development of hard rock quartz and high-grade silica sand. It primarily focuses on exploring the Silica Sands projects around Gingin...
How the Company Makes Money
Australian Silica Quartz Group generates revenue through the sale of industrial-grade silica and quartz materials extracted from its mining operations. The company's revenue streams primarily include selling these raw materials to industries such ...
Australian Silica Quartz Group Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
14
Very Negative
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 273.48K | 70.54K | 67.77K | 102.33K | 76.56K |
| Gross Profit | 273.48K | 70.54K | 58.62K | 99.03K | 71.89K |
| EBITDA | -1.91M | -810.00K | -2.24M | -1.78M | -1.19M |
| Net Income | -1.92M | -831.00K | -2.25M | -1.80M | -1.19M |
Balance Sheet | |||||
| Total Assets | 4.41M | 6.07M | 6.89M | 7.42M | 8.48M |
| Cash, Cash Equivalents and Short-Term Investments | 836.76K | 2.40M | 2.96M | 4.76M | 5.84M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 100.91K | 254.55K | 1.28M | 142.51K | 108.31K |
| Stockholders Equity | 4.31M | 5.81M | 5.61M | 7.27M | 8.37M |
Cash Flow | |||||
| Free Cash Flow | -1.56M | -555.43K | -1.80M | -1.06M | -1.02M |
| Operating Cash Flow | -1.56M | -552.38K | -1.74M | -1.06M | -1.02M |
| Investing Cash Flow | 0.00 | -12.06K | -54.13K | -4.00K | -709.00 |
| Financing Cash Flow | 0.00 | -135.00 | -2.37K | -7.49K | 3.58M |
Australian Silica Quartz Group Technical Analysis
Negative
0.02
Price Trends
0.02
Negative
0.02
Negative
0.02
Negative
Market Momentum
>-0.01
Negative
43.07
Neutral
50.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ASQ, the sentiment is Negative. The current price of 0.02 is above the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and below the 200-day MA of 0.02, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 43.07 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:ASQ.
Australian Silica Quartz Group 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% | |
51 Neutral | AU$13.04M | -16.52 | -26.29% | ― | ― | 76.73% | |
48 Neutral | AU$6.14M | -3.95 | -36.71% | ― | ― | 25.33% | |
44 Neutral | AU$9.34M | -3.46 | 110.58% | ― | ― | 90.94% | |
43 Neutral | AU$5.66M | -5.09 | -25.39% | ― | ― | 27.45% | |
43 Neutral | AU$7.08M | -1.55 | -42.24% | ― | ― | 40.33% | |
41 Neutral | AU$4.63M | -2.54 | -0.03% | ― | ― | ― |
* Basic Materials Sector Average
AU:ASQ
Australian Silica Quartz Group
0.02
<0.01
11.76%
AU:IND
Industrial Minerals Limited
0.15
0.03
25.00%
AU:WYX
Pacific Bauxite Limited
0.04
<0.01
34.48%
AU:RWD
Reward Minerals Limited
0.03
-0.02
-32.00%
AU:MML
Allup Silica Ltd.
0.01
-0.02
-53.33%
AU:SQX
SQX Resources Limited
0.07
-0.01
-17.50%
Australian Silica Quartz Group Corporate Events
Australian Silica Quartz Group Calls June 2026 General Meeting, Moves to Electronic Notices
May 28, 2026
Australian Silica Quartz Group has called a general meeting of shareholders to be held on 29 June 2026 in Subiaco, Western Australia, with voting eligibility set for shareholders on the register as at 27 June. The company is shifting to electronic...
ASQ Secures Key Regulatory Approval for White Swan Kaolin Project
May 26, 2026
Australian Silica Quartz Group has announced that Australian Kaolin Pty Ltd, owner of the White Swan Kaolin Project it plans to acquire, has secured approval from the Department of Mines, Petroleum and Exploration for the project’s Mining De...
ASQ moves into kaolin with White Swan deal and capital raise
Apr 29, 2026
Australian Silica Quartz Group has agreed to acquire private explorer Australian Kaolin Pty Ltd for $2 million in shares, adding the White Swan Kaolin Project and its inferred 47 million tonne kaolin resource on a newly granted mining lease near t...
Australian Silica Quartz Clears Trade for $655,000 Share Placement
Apr 29, 2026
Australian Silica Quartz Group has issued 32,750,000 new fully paid ordinary shares at $0.02 each to professional and sophisticated investors under a placement first announced on 21 April 2026. The company has confirmed the shares were issued with...
Australian Silica Quartz Issues 2 Million Unlisted Options
Apr 29, 2026
Australian Silica Quartz Group Ltd has issued 2,000,000 unlisted options exercisable at $0.04 each, with a term allowing exercise at any time before 29 April 2028. The options are part of an unquoted securities class not intended to trade on the A...
Australian Silica Quartz Seeks Quotation for 32.75 Million New Shares
Apr 29, 2026
Australian Silica Quartz Group Ltd has applied to the ASX for quotation of 32,750,000 new ordinary fully paid shares, to be issued on April 29, 2026. The move expands the company’s listed securities base, potentially broadening its sharehold...
Australian Silica Quartz Plans Issue of Up to 100 Million New Shares
Apr 21, 2026
Australian Silica Quartz Group has notified the ASX of a proposed placement or similar issue of up to 100 million new fully paid ordinary shares. The company plans to issue these securities on 9 June 2026, indicating a significant prospective expa...
Australian Silica Quartz Group Plans Equity Placement and Option Issue
Apr 21, 2026
Australian Silica Quartz Group has outlined plans to issue up to 37.5 million new fully paid ordinary shares and 2 million unlisted options exercisable at 4 cents within 24 months. The proposed placement, scheduled for issue on 28 April 2026, is i...
ASQ Moves to Acquire White Swan Kaolin Project in All-Share Deal
Apr 21, 2026
Australian Silica Quartz Group has agreed to acquire private explorer Australian Kaolin Pty Ltd in an all-share deal valued at about A$2 million, securing the 47-million-tonne inferred White Swan Kaolin resource near the port of Esperance. The tra...
Australian Silica Quartz Seeks Trading Halt for Major Deal and Equity Raising
Apr 17, 2026
Australian Silica Quartz Group has requested and been granted a trading halt in its securities on the ASX, effective from 17 April 2026, while it prepares to announce the results of a substantial acquisition and an equity raising. The halt will re...
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.