Greenwing Resources Ltd (AU:GW1)
ASX:GW1
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Greenwing Resources Ltd
(Sydney:GW1)
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Rating:62Neutral
Price Target:
AU$0.06
â–˛(110.00% Upside)
Action:Reiterated
Date:04/28/26
The score is primarily held back by weak fundamentals—minimal revenue and persistent cash burn—despite a much-improved balance sheet and a positive net income inflection in FY2025. Technicals are a clear positive with strong trend and momentum, but valuation signals are limited by a negative P/E and no dividend support.
Positive Factors
Balance sheet strength
Material reduction in leverage and stronger equity provides durable financial flexibility for a capital‑intensive exploration business. Improved solvency lowers refinancing risk through commodity cycles and supports funding exploration, joint ventures, or staged project development over the medium term.
Negative Factors
Pre-revenue operating model
Being effectively pre‑revenue means the business lacks operating cash inflows from commercial activity, so margins and profitability remain undefined. Over the medium term this increases execution risk, lengthens payback horizons for investors, and makes sustained self‑funding unlikely.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Material reduction in leverage and stronger equity provides durable financial flexibility for a capital‑intensive exploration business. Improved solvency lowers refinancing risk through commodity cycles and supports funding exploration, joint ventures, or staged project development over the medium term.
Read all positive factors
Greenwing Resources Ltd (GW1) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$29.94M
Dividend YieldN/A
Average Volume (3M)309.11K
Price to Earnings (P/E)―
Beta (1Y)0.79
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
Employees130
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)0.01
Shares Outstanding516,268,100
10 Day Avg. Volume92,316
30 Day Avg. Volume309,111
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)0.27
Price to Sales (P/S)0.00
P/FCF Ratio-4.64
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
Greenwing Resources Ltd Business Overview & Revenue Model
Company Description
Greenwing Resources Ltd engages in the production and sale of industrial mineral concentrates. It holds 100% interests in the Graphmada Large Flake Graphite mine located in eastern Madagascar; the San Jorge lithium brine project that includes 15 g...
How the Company Makes Money
null...
Greenwing Resources Ltd Financial Statement Overview
Summary
Income Statement
32
Negative
Balance Sheet
78
Positive
Cash Flow
30
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 | 19.14K |
| Gross Profit | -98.47K | -238.48K | -71.91K | -151.00K | -150.00K | -8.44K |
| EBITDA | 4.50M | 4.50M | -1.10M | -3.23M | -2.57M | -4.98M |
| Net Income | 514.85K | 1.60M | -1.99M | -4.52M | -4.20M | -6.28M |
Balance Sheet | ||||||
| Total Assets | 27.10M | 26.19M | 24.89M | 25.17M | 15.19M | 9.90M |
| Cash, Cash Equivalents and Short-Term Investments | 925.21K | 787.37K | 708.67K | 8.05M | 1.90M | 598.50K |
| Total Debt | 309.50K | 382.20K | 465.90K | 10.17M | 3.97M | 4.34M |
| Total Liabilities | 4.00M | 4.50M | 8.41M | 12.33M | 5.66M | 5.75M |
| Stockholders Equity | 23.10M | 21.69M | 16.48M | 12.84M | 9.53M | 4.14M |
Cash Flow | ||||||
| Free Cash Flow | -2.23M | -1.27M | -1.62M | -5.49M | -4.15M | -1.95M |
| Operating Cash Flow | -2.22M | -1.26M | -825.38K | -1.84M | -1.88M | -1.04M |
| Investing Cash Flow | -408.34K | -1.52M | -7.59M | -3.65M | -2.26M | -831.91K |
| Financing Cash Flow | 1.76M | 2.79M | 1.28M | 11.45M | 5.47M | 771.34K |
Greenwing Resources Ltd Technical Analysis
Neutral
0.03
Price Trends
0.06
Positive
0.05
Positive
0.04
Positive
Market Momentum
<0.01
Positive
44.28
Neutral
7.14
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:GW1, the sentiment is Neutral. The current price of 0.03 is below the 20-day moving average (MA) of 0.07, below the 50-day MA of 0.06, and below the 200-day MA of 0.04, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 44.28 is Neutral, neither overbought nor oversold. The STOCH value of 7.14 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:GW1.
Greenwing Resources Ltd Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | AU$29.94M | -3.09 | 2.30% | ― | ― | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
46 Neutral | AU$17.32M | -3.88 | -26.02% | ― | ― | ― | |
45 Neutral | AU$24.01M | -3.24 | -104.93% | ― | ― | -100.00% | |
43 Neutral | AU$18.99M | -6.00 | -2.90% | ― | ― | 40.74% | |
43 Neutral | AU$15.07M | -19.74 | -14.52% | ― | ― | 67.45% | |
42 Neutral | AU$18.85M | -1.12 | -21.86% | ― | ― | 81.08% |
* Basic Materials Sector Average
AU:GW1
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Greenwing Resources Ltd Corporate Events
Greenwing Issues 7.5 Million Shares and Affirms Regulatory Compliance
May 13, 2026
Greenwing Resources Ltd has issued 7,500,000 new shares, confirming the placement was conducted without a prospectus under Australian Corporations Act provisions and that it remains compliant with key financial reporting and continuous disclosure ...
Greenwing Resources seeks ASX quotation for 7.5 million new shares
May 13, 2026
Greenwing Resources Ltd has applied for quotation of 7,500,000 ordinary fully paid shares on the Australian Securities Exchange. The new securities, issued on May 13, 2026, expand the company’s listed share base, potentially increasing liqui...
Greenwing Resources Issues 5.9 Million Unquoted Options to Support Capital Structure
May 13, 2026
Greenwing Resources has notified the market of the issue of 5.875 million unquoted options under its existing equity arrangements, all of which are not intended to be quoted on the ASX. The issuance consists of 1.875 million options exercisable at...
Greenwing Resources to Raise Capital via New Share and Option Issue
May 7, 2026
Greenwing Resources has outlined a proposed capital raising through the issue of 7.5 million new ordinary fully paid shares and a total of 5.875 million options across two series, all to be quoted on the ASX. The placement, scheduled for issue on ...
Greenwing Secures Key Rehabilitation Approval as Que River Moves Toward Mining Restart and Data Pivot
May 5, 2026
Greenwing Resources has secured approval from Mineral Resources Tasmania for an updated Decommissioning and Rehabilitation Plan at its Que River Project, marking a key regulatory step toward renewing the mining lease and restarting open pit operat...
Greenwing Director Boosts Stake in Equity Raising
Apr 30, 2026
Greenwing Resources director Peter Stanley Wright has increased his holding in the company through participation in a recent equity raising. Wright acquired 2,857,143 new shares at $0.042 each, along with 714,285 free attaching options exercisable...
Greenwing Resources Issues 43.75 Million Unquoted Options to Bolster Capital Flexibility
Apr 30, 2026
Greenwing Resources Ltd has issued 43,750,000 unquoted options exercisable at $0.08 each, expiring on 25 June 2027, as part of a previously announced transaction. The new options, which will not be quoted on the ASX, expand the company’s poo...
Greenwing Resources Issues 10 Million Unquoted Options Under Existing Transaction
Apr 30, 2026
Greenwing Resources has notified the market of the issue of 10,000,000 unquoted options, exercisable at $0.08 and expiring on 31 December 2029. The options, recorded under the code GW1AI and issued on 30 April 2026, form part of a previously annou...
Greenwing Resources Confirms Compliance After Issuing 46.7 Million New Shares
Apr 28, 2026
Greenwing Resources Ltd has issued 46.7 million new shares as part of an equity raising first disclosed in early March 2026, expanding its capital base to support its critical minerals business. The company confirmed it completed the share issue w...
Greenwing Resources Seeks ASX Quotation for 46.7 Million New Shares
Apr 28, 2026
Greenwing Resources Ltd has applied to the ASX for quotation of 46.7 million ordinary fully paid shares, designated under the ticker GW1. The new securities, issued on 28 April 2026, form part of previously announced transactions, effectively expa...
Greenwing Resources Plans Issue of 10 Million Long-Dated Options
Apr 28, 2026
Greenwing Resources Ltd has announced a proposed issue of 10 million options, each exercisable at $0.08 and expiring on 31 December 2029. The options are to be issued as part of a placement or other type of securities issue, with the proposed issu...
Greenwing Sees Deeper, Higher-Grade Lithium Potential at San Jorge Project
Apr 19, 2026
Greenwing Resources has released new analysis of magnetotelluric geophysical survey data from its San Jorge Lithium Brine Project in Argentina, indicating the brine system may extend to about 1,000 metres depth, more than double the maximum depth ...
Greenwing Resources Wins Strong Shareholder Backing for Capital Raisings and Incentive Issues
Apr 16, 2026
Greenwing Resources Ltd reported that all nine resolutions put to security holders at its 16 April 2026 meeting were passed by poll with overwhelming support. Investors endorsed the ratification of a prior placement of shares and approved the issu...
Greenwing launches scoping study to advance San Jorge lithium brine project
Apr 8, 2026
Greenwing Resources has launched a scoping study and drill planning program at its San Jorge Lithium Brine Project in Argentina, appointing specialist firm Zelandez to lead work on development pathways, processing options and an initial economic f...
Greenwing launches Que River pre-feasibility study and two-stage growth plan
Mar 24, 2026
Greenwing Resources has launched a Pre-Feasibility Study at its Que River polymetallic project in Tasmania to refine the scale, economics and development pathway for a potential restart of mining. The work will build on earlier scoping studies and...
Greenwing calls April EGM to ratify major placement and option issues
Mar 17, 2026
Greenwing Resources has called an extraordinary general meeting for 16 April 2026 in Brisbane to seek shareholder approvals for a series of equity-related resolutions. The agenda centers on ratifying a prior placement of 84.3 million shares at $0....
Greenwing Issues 84.3 Million Shares in Equity Raising and Confirms Regulatory Compliance
Mar 10, 2026
Greenwing Resources Ltd has issued 84.3 million new shares as part of an equity raising first flagged on 3 March 2026, expanding its capital base. The company confirmed it conducted the issuance without a full prospectus, while stating it remains ...
Greenwing Resources Seeks ASX Quotation for 84.3 Million New Shares
Mar 10, 2026
Greenwing Resources Ltd has applied to the ASX for quotation of 84.3 million new ordinary fully paid shares under the ticker GW1. The securities, issued as part of a previously announced transaction, are scheduled to be quoted from 10 March 2026, ...
Greenwing director Peter Wright lifts stake with on-market share purchase
Mar 4, 2026
Greenwing Resources Ltd has reported a change in the holdings of director Peter Stanley Wright, who increased his stake in the company through an on-market share purchase. Wright acquired 200,000 ordinary shares at $0.048 per share on 3 March 2026...
Greenwing Resources Plans Major Share and Options Issue to Boost Funding
Mar 2, 2026
Greenwing Resources has notified the ASX of a proposed capital raising via a placement or similar issue structure. The company plans to issue up to 131 million new fully paid ordinary shares along with a total of 43.75 million options, all exercis...
Greenwing Resources Files Half-Year Financial Report for December 2025
Mar 2, 2026
Greenwing Resources Ltd has released its half-year report for the period ended 31 December 2025, providing consolidated financial statements, directors’ and auditor’s reports, and related notes. The document signals the company’s...
Greenwing Resources outlines March 2026 equity raising in investor briefing
Mar 2, 2026
Greenwing Resources has released an investor presentation outlining an equity raising planned for March 2026, aimed at strengthening its balance sheet and funding ongoing operations and growth initiatives. The document is framed as informational o...
Greenwing Raises $5.5m to Advance Multi-Asset Critical Minerals Strategy
Mar 2, 2026
Greenwing Resources Ltd has completed a $5.5 million equity raising via a placement of new shares at $0.042 each, supported largely by existing major shareholders and including director participation. The funding, which comes with free attaching o...
Greenwing Resources halts ASX trading ahead of equity raising announcement
Feb 27, 2026
Greenwing Resources has requested a trading halt in its securities on the ASX, with the halt to remain in place until the earlier of an upcoming company announcement or the commencement of normal trading on 3 March 2026. The move signals that the ...
Greenwing’s Que River Study Upside Grows on Metals Price Surge and Fast-Track Plan
Feb 24, 2026
Greenwing Resources has updated the metals price assumptions in its Que River scoping study to reflect sharp rises in silver, gold and copper prices since October 2025. The revisions lift the project’s Net Smelter Return by about 40%, increa...
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.