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Greenland Minerals Limited
(Sydney:ETM)
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Rating:40Underperform
Price Target:
AU$0.04
â–Ľ(-46.25% Downside)
Action:Downgraded
Date:07/07/26
The score is primarily held down by weak financial performance (zero/declining revenue, large losses, and ongoing cash burn requiring funding) and bearish technical conditions (price below key moving averages with negative MACD). Valuation is also constrained by a negative P/E driven by losses and no indicated dividend yield.
Positive Factors
Low leverage / financial flexibility
Very low debt and near-zero leverage materially reduce financial distress risk for a development-stage miner. This structural strength gives management flexibility to raise project funding on better terms or withstand development delays without immediate solvency pressure, supporting longer-term project optionality.
Negative Factors
No operating revenue
Falling to zero annual revenue signals the company remains pre-revenue and highly reliant on external capital. This structural absence of operating income means project economics and timeline determine value, increasing execution and funding risk over the medium term and making internal funding for development unlikely.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / financial flexibility
Very low debt and near-zero leverage materially reduce financial distress risk for a development-stage miner. This structural strength gives management flexibility to raise project funding on better terms or withstand development delays without immediate solvency pressure, supporting longer-term project optionality.
Read all positive factors
Greenland Minerals Limited (ETM) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$103.99M
Dividend YieldN/A
Average Volume (3M)1.69M
Price to Earnings (P/E)―
Beta (1Y)1.55
Revenue GrowthN/A
EPS Growth-66.67%
CountryAU
Employees28
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding2,212,500,500
10 Day Avg. Volume1,097,430
30 Day Avg. Volume1,690,435
Financial Highlights & Ratios
PEG Ratio-0.20
Price to Book (P/B)4.70
Price to Sales (P/S)0.00
P/FCF Ratio-27.70
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
Greenland Minerals Limited Business Overview & Revenue Model
Company Description
Energy Transition Minerals Ltd (ETM.AX) is an Australian-based company primarily engaged in the discovery and assessment of mineral deposits. Its exploration efforts concentrate on critical elements such as rare earths, uranium, zinc, and fluorspa...
How the Company Makes Money
null...
Greenland Minerals Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
24
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 20.00K | 53.00K | 372.00K | 72.00K |
| Gross Profit | -99.00K | -263.00K | -440.00K | 104.00K | -179.00K |
| EBITDA | -12.64M | -5.68M | -6.19M | -6.05M | -92.86M |
| Net Income | -11.80M | -5.96M | -6.11M | -6.12M | -93.14M |
Balance Sheet | |||||
| Total Assets | 39.04M | 17.27M | 22.31M | 29.31M | 31.78M |
| Cash, Cash Equivalents and Short-Term Investments | 31.82M | 11.98M | 16.15M | 24.95M | 30.31M |
| Total Debt | 0.00 | 34.00K | 270.00K | 1.08M | 751.00K |
| Total Liabilities | 6.17M | 1.59M | 1.49M | 3.98M | 1.90M |
| Stockholders Equity | 32.86M | 15.68M | 20.82M | 25.33M | 29.88M |
Cash Flow | |||||
| Free Cash Flow | -5.57M | -4.78M | -8.44M | -5.16M | -6.34M |
| Operating Cash Flow | -5.35M | -3.83M | -6.82M | -4.99M | -3.23M |
| Investing Cash Flow | -2.17M | -439.00K | -1.62M | -60.00K | -3.02M |
| Financing Cash Flow | 27.35M | 113.00K | -362.00K | -200.00K | 209.00K |
Greenland Minerals Limited Technical Analysis
Neutral
0.08
Price Trends
0.06
Negative
0.07
Negative
0.09
Negative
Market Momentum
>-0.01
Positive
41.32
Neutral
65.64
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ETM, the sentiment is Neutral. The current price of 0.08 is above the 20-day moving average (MA) of 0.05, above the 50-day MA of 0.06, and below the 200-day MA of 0.09, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 41.32 is Neutral, neither overbought nor oversold. The STOCH value of 65.64 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:ETM.
Greenland Minerals Limited 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% | |
48 Neutral | AU$206.29M | -37.84 | -14.67% | ― | ― | 22.86% | |
44 Neutral | AU$93.38M | -54.89 | -1.99% | ― | ― | 81.34% | |
44 Neutral | AU$28.17M | -5.36 | -19.53% | ― | ― | -8.74% | |
43 Neutral | AU$27.27M | -3.99 | -5.94% | ― | -99.74% | -22.67% | |
42 Neutral | AU$62.22M | -0.81 | -67.75% | ― | ― | 69.69% | |
40 Underperform | AU$103.99M | -6.62 | -41.80% | ― | ― | -66.67% |
* Basic Materials Sector Average
AU:ETM
Greenland Minerals Limited
0.05
>-0.01
-6.25%
AU:ARL
Ardea Resources
0.43
<0.01
1.18%
AU:ARR
American Rare Earths
0.39
0.13
50.00%
AU:HAS
Hastings Technology Metals Limited
0.28
<0.01
0.36%
AU:VML
Vital Metals Ltd
0.11
0.02
15.79%
AU:AR3
Australian Rare Earths Limited
0.11
0.05
83.33%
Greenland Minerals Limited Corporate Events
Greenland blocks Kvanefjeld licence extension for Energy Transition Minerals
Jun 28, 2026
Energy Transition Minerals has disclosed that the Greenlandic Government has refused to extend exploration licence 2010/02, which covers its Kvanefjeld rare earth project in southern Greenland. The company argues the decision is inconsistent with ...
Energy Transition Minerals Issues 900,000 Unquoted Options
Jun 19, 2026
Energy Transition Minerals Ltd has notified the market of the issue of 900,000 unquoted options, exercisable at $0.10 and expiring on 30 November 2029, with an issue date of 18 June 2026. These options form part of previously announced transaction...
Energy Transition Minerals Issues New Shares and Options for Services and Staff Incentives
Jun 19, 2026
Energy Transition Minerals Ltd has issued 900,000 fully paid ordinary shares and an equal number of free attaching options in lieu of service fees, alongside 4,500,000 shares under its employee incentive scheme. The move modestly increases the com...
Energy Transition Minerals Seeks ASX Quotation for 900,000 New Shares
Jun 19, 2026
Energy Transition Minerals Ltd has applied to the ASX for quotation of 900,000 ordinary fully paid shares, with an issue date recorded as 18 June 2025. The application, lodged as a new announcement on 19 June 2026, relates to securities issued as ...
Energy Transition Minerals Seeks ASX Quotation for 1.5 Million New Shares
Jun 19, 2026
Energy Transition Minerals Ltd has applied to the ASX for quotation of 1,500,000 new ordinary fully paid shares, with the securities issued on June 18, 2026. The additional listing of these shares, stemming from the exercise or conversion of exist...
Energy Transition Minerals Issues 3 Million Unquoted Shares Under Incentive Scheme
Jun 19, 2026
Energy Transition Minerals Ltd has issued 3,000,000 new ordinary fully paid shares under an employee incentive scheme, with the securities unquoted and subject to transfer restrictions until those conditions expire. The move expands the company...
Energy Transition Minerals to Brief Investors on Progress at Key Critical Minerals Projects
May 29, 2026
Energy Transition Minerals Ltd will host a live investor and shareholder webinar on 3 June 2026, led by Managing Director Daniel Mamadou, to update the market on recent activities and strategic developments. The session will cover progress at the ...
Energy Transition Minerals adds former U.S. national security official to bolster rare earths strategy
May 26, 2026
Energy Transition Minerals has appointed Alexander B. Gray, former Deputy Assistant to the U.S. President and Chief of Staff of the White House National Security Council, to its Strategic Advisory Board. Gray joins a high-profile group including f...
Energy Transition Minerals seals Traxys offtake MOU for Spain’s Penouta critical minerals mine
May 11, 2026
Energy Transition Minerals has signed a non-binding memorandum of understanding with commodities trader Traxys Europe for up to 100% of the tin, tantalum and niobium concentrates from its Penouta mine in Spain, which it is in the process of acquir...
Energy Transition Minerals Updates Resource at Strategic Spanish Tin-Tantalum Mine
May 3, 2026
Energy Transition Minerals has completed an updated JORC-compliant Mineral Resource Estimate for the Penouta tin-tantalum-niobium mine in north-west Spain, replacing an earlier foreign resource statement. The Penouta asset, which ETM is in the pro...
Energy Transition Minerals Issues 125 Million Unquoted Performance Rights
May 1, 2026
Energy Transition Minerals Ltd has notified the market of the issue of 125,100,000 unquoted performance rights under its employee incentive scheme, effective 30 April 2026. These unquoted securities are not intended to be listed on the ASX, indica...
Energy Transition Minerals boosts director equity with new performance rights grant
May 1, 2026
Energy Transition Minerals Ltd has updated the market on a change in director Amy Jiang’s interests, reflecting a substantial grant of additional performance rights. The new awards expand her equity‑linked exposure, aligning her incent...
Energy Transition Minerals Relocates Registered Office to West Perth Hub
May 1, 2026
Energy Transition Minerals Ltd has updated its registered address and principal place of business to Ground Floor, Suite 2, 28 Ord Street, West Perth, Western Australia. The change formalises the company’s corporate base in West Perth, a key...
Energy Transition Minerals Reports Lapse of 1.33 Million Performance Rights
Apr 29, 2026
Energy Transition Minerals Ltd has notified the market of changes to its issued capital following the lapse of 1,333,334 performance rights. The rights ceased on 23 April 2026 after the conditional requirements attached to these securities were no...
Energy Transition Minerals Details Board Exit and Lapse of Director Performance Rights
Apr 29, 2026
Energy Transition Minerals Ltd has disclosed that director Gan Lu ceased to serve on the board effective 22 April 2026, in line with ASX director interest reporting requirements. Following the resignation, Lu retains 1,333,334 fully paid ordinary ...
Energy Transition Minerals advances Spanish mine acquisition as Greenland licence faces setback
Apr 29, 2026
Energy Transition Minerals completed a A$24.7 million capital raising in the March 2026 quarter to fund the acquisition and restart planning for the Penouta tin-tantalum-niobium mine in Galicia, Spain. The company has secured Foreign Direct Invest...
Energy Transition Minerals Cuts Shenghe Ties as Director Retires, Dispute Persists
Apr 22, 2026
Energy Transition Minerals Ltd has confirmed that director Gan Lu retired and was not re-elected at its recent annual general meeting, prompting the company to terminate its non-binding memorandum of understanding with Chinese partner Le Shan Shen...
Energy Transition Minerals AGM Backs Board Resolutions but Rejects Director Candidate
Apr 22, 2026
Energy Transition Minerals reported the results of its 22 April 2026 annual general meeting, confirming that all resolutions put to shareholders were passed on a poll except for the election of director candidate Ms Gan Lu, which was defeated. Sha...
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.