Great Northern Minerals Limited (GNM) AI Stock Analysis

• Market Cap: €2.47M
• Dividend Yield: N/A
• Average Volume (3M): 291.29K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.17
• Revenue Growth: N/A
• EPS Growth: -151.24%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 62
• Industry: Gold
• EPS (TTM): >-0.01
• Shares Outstanding: 154,629,070
• 10 Day Avg. Volume: 81,133
• 30 Day Avg. Volume: 291,290
• PEG Ratio: -0.08
• Price to Book (P/B): 1.67
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -4.12
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 33 Underperform
• Price Target: ―

Great Northern Minerals Limited is facing significant financial challenges, highlighted by its negative profitability and cash flow issues. The technical analysis supports a bearish outlook, with the stock trading below key moving averages and weak momentum indicators. Valuation metrics further underscore the risks, with a negative P/E ratio and no dividend yield. These factors contribute to a low overall stock score, reflecting the company's ongoing operational and financial difficulties.

Great Northern Minerals Limited Business Overview & Revenue Model

Company Description

Great Northern Minerals Limited explores for and develops gold mineral properties. It has 100% interests in the Golden Ant Project comprising Camel Creek, Golden Cup, and Big Rush located in Northern Queensland. The company was formerly known as Greenpower Energy Limited and changed its name to Great Northern Minerals Limited in October 2019. The company was incorporated in 1899 and is based in West Perth, Australia.

How the Company Makes Money

Great Northern Minerals Limited generates revenue primarily through the exploration and development of its gold mining projects. The company's key revenue streams include the sale of extracted minerals, mainly gold, from its mining operations. Additionally, GNM may enter into joint ventures or partnerships with other mining companies to further develop its projects, which can lead to shared revenues. The company also benefits from fluctuations in gold prices, as higher market prices can enhance profitability. Exploration success and resource upgrades play a critical role in attracting investment and increasing the company's market valuation, providing further financial opportunities through equity financing or asset sales.

Great Northern Minerals Limited Financial Statement Overview

Summary

Great Northern Minerals Limited faces financial instability, characterized by negative profitability and cash flows. The company shows some balance sheet strength with low leverage, but this is overshadowed by operational inefficiencies and inconsistent revenue generation. The financial statements indicate significant challenges in achieving sustainable growth and profitability.

Income Statement

Great Northern Minerals Limited has been experiencing significant volatility in revenue, with periods of zero revenue. The company has negative margins, with a net profit margin showing consistent losses. The EBIT and EBITDA margins are negative, reflecting operational challenges. The revenue growth rate is highly inconsistent, indicating an unstable revenue generation capability.

Balance Sheet

The company's balance sheet shows a relatively strong equity position, with a Debt-to-Equity Ratio indicating low leverage. However, the Return on Equity is negative due to persistent net losses. The Equity Ratio is moderate, suggesting a stable but not strong asset base relative to equity. Overall, there is a risk due to negative profitability despite a manageable debt level.

Cash Flow

Great Northern Minerals Limited has negative operating and free cash flows, indicating challenges in generating cash from operations. The Free Cash Flow to Net Income Ratio is not favorable due to consistent net losses. The company has high fluctuation in free cash flow growth, mostly negative, pointing to difficulties in cash management and operational efficiency.

Breakdown
TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
0.00	0.00	49.40K	1.80K	0.00	125.00K
	Gross Profit
-5.63K	-23.37K	8.27K	-40.02K	-44.21K	68.17K
	EBIT
-1.02M	-1.50M	-2.94M	-2.33M	-3.55M	-2.67M
	EBITDA
-991.45K	-1.49M	1.41M	-6.88M	-3.46M	-3.40M
	Net Income Common Stockholders
-1.59M	-2.01M	1.36M	-6.93M	-3.51M	-2.72M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
245.38K	230.20K	1.23M	2.75M	1.90M	2.51M
	Total Assets
1.18M	3.75M	4.73M	6.20M	3.92M	3.55M
	Total Debt
113.78K	0.00	11.67K	44.99K	75.24K	102.64K
	Net Debt
-131.60K	-230.20K	-1.22M	-2.70M	-1.82M	-2.41M
	Total Liabilities
1.08M	2.33M	2.36M	6.79M	425.67K	795.99K
	Stockholders Equity
1.30M	2.47M	3.59M	638.17K	4.72M	3.97M
Cash Flow		Free Cash Flow
-600.53K	-1.57M	-2.85M	-1.96M	-4.83M	-2.29M
	Operating Cash Flow
-600.12K	-1.56M	-2.83M	-1.96M	-3.98M	-2.20M
	Investing Cash Flow
554.59K	568.39K	179.75K	0.00	-853.83K	-88.61K
	Financing Cash Flow
-2.00	-9.54K	1.13M	2.81M	4.22M	4.57M

Great Northern Minerals Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.02
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:GNM, the sentiment is Neutral. The current price of 0.02 is above the 20-day moving average (MA) of 0.02, above the 50-day MA of 0.02, and above the 200-day MA of 0.01, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 47.38 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 Neutral sentiment for AU:GNM.

Great Northern Minerals Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	51 Neutral	$2.02B	-1.14	-21.37%	3.64%	2.88%	-30.57%
GNM	33 Underperform	€2.47M	―	-75.32%	―	―	-151.24%
NESRF		$19.49B	25.14	11.01%	2.41%	―	―
CALRF		$61.01M	―		―	―	―
RMLRF		$2.14B	9.08	26.42%	2.88%	―	―
CMM	73 Outperform	AU$4.07B	47.60	18.02%	―	6.31%	301.01%

Great Northern Minerals Limited Corporate Events

Great Northern Minerals Sees Increase in Substantial Shareholding

Great Northern Minerals Limited has announced a change in the substantial holding of its shares by Mr. Steven Formica and associates. The voting power of Mr. Formica and his associates has increased from 7.01% to 7.24% due to an on-market trade involving 361,560 ordinary shares. This change in shareholding reflects a strategic move by Mr. Formica to consolidate his influence within the company, potentially impacting future company decisions and stakeholder interests.

Great Northern Minerals Updates Director’s Shareholding

Great Northern Minerals Limited announced a change in the director’s interest, specifically concerning Steven Formica’s indirect holdings. The change involved the acquisition of 361,560 fully paid ordinary shares through an on-market trade, increasing Formica’s holdings in FORMICA INVESTMENTS PTY LTD. This adjustment in shareholding reflects ongoing investment activities by key company stakeholders, potentially impacting the company’s market perception and investor confidence.

Great Northern Minerals Appoints New Director

Great Northern Minerals Limited has announced the appointment of Clarissa Chua as a new director, effective March 1, 2025. The company disclosed that Chua currently holds no relevant interests in securities either as a registered holder or through other entities, indicating a fresh start in her role without prior financial commitments or conflicts of interest.

Great Northern Minerals Announces Board Changes

Great Northern Minerals Limited has announced the appointment of Clarissa Chua as a Non-Executive Director, following the resignation of Cameron McLean. Chua brings over a decade of experience in corporate accounting and financial management, particularly within the resource industry. This leadership change is expected to enhance the company’s governance and compliance capabilities.

Great Northern Minerals Addresses ASX Query on Trading Activity

Great Northern Minerals Limited has addressed a query from the ASX regarding the recent increase in the volume and price of its securities. The company attributes this momentum to the completion of the third earn-in stage under a binding share sale agreement and an improved cash position following a $1.3 million cash consideration. GNM confirms compliance with ASX Listing Rules and states that its board has authorized the responses provided.

Great Northern Minerals Completes Third Earn-In Stage with Great Eastern Gold

Great Northern Minerals Limited announced the completion of the third earn-in stage under a binding share sale agreement involving Great Eastern Gold Ltd and Golden Ant Mining Pty Ltd. With the receipt of $1,300,000, Great Eastern Gold has increased its stake to 63% in Golden Ant, with the potential to reach 90% upon further payment. This strategic transaction enhances Great Eastern Gold’s mining position in Queensland and Western Australia, with implications for increased gold production and potential growth in the region.

Increase in Substantial Holding by Steven Formica in Great Northern Minerals Limited

Great Northern Minerals Limited has announced a change in the substantial holding of shares by Mr. Steven Formica and his associates. The voting power of Mr. Formica and his associates increased from 5.88% to 7.01% through recent transactions. This increase in shareholding may strengthen Mr. Formica’s influence in the company and could impact its strategic decisions and stakeholder interests.

Great Northern Minerals Reports Director’s Interest Change

Great Northern Minerals Limited announced a change in the director’s interest in securities involving Steven Formica. The changes include the acquisition of 1,738,442 fully paid ordinary shares and the disposal of 1 fully paid ordinary share. This adjustment reflects internal portfolio management, possibly indicating strategic realignment or diversification of investments by the director.