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Greenwing Resources Ltd
(Sydney:GW1)
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Rating:52Neutral
Price Target:
AU$0.07
â–²(133.33% Upside)
Action:Reiterated
Date:06/02/26
The score is constrained primarily by weak financial performance (pre-revenue profile, negative EBIT, and persistent negative operating/free cash flow) despite a strengthened balance sheet and improved net income. Technical momentum is a meaningful positive, but valuation (high P/E and no dividend support) adds risk and limits the overall rating.
Positive Factors
Improved balance sheet and lower leverage
Material reduction in leverage and meaningful equity growth provide durable financial flexibility for a capital-intensive explorer. Lower refinancing risk and a stronger capital base extend runway for project work and partnerships, enabling strategy execution while revenue is still developing.
Negative Factors
Pre-revenue profile
With effectively zero revenue, the company's value proposition depends entirely on exploration success and future resource development. Lack of operating revenue creates persistent execution and funding risk, delaying any sustainable margin or cash generation until projects are commercialized.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved balance sheet and lower leverage
Material reduction in leverage and meaningful equity growth provide durable financial flexibility for a capital-intensive explorer. Lower refinancing risk and a stronger capital base extend runway for project work and partnerships, enabling strategy execution while revenue is still developing.
Read all positive factors
Greenwing Resources Ltd (GW1) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$35.62M
Dividend YieldN/A
Average Volume (3M)309.11K
Price to Earnings (P/E)6.7
Beta (1Y)0.66
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 primarily focuses on the mining and commercialization of industrial mineral concentrates. The company wholly owns several significant operations, including the Graphmada Large Flake Graphite mine located in eastern Madagasc...
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 | -579.19K | 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
0.07
Negative
0.06
Positive
0.05
Positive
Market Momentum
>-0.01
Positive
45.48
Neutral
14.81
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 0.07, and below the 200-day MA of 0.05, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 45.48 is Neutral, neither overbought nor oversold. The STOCH value of 14.81 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 |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | AU$35.62M | 6.70 | 2.30% | ― | ― | ― | |
47 Neutral | AU$27.27M | -15.11 | -26.02% | ― | ― | 85.61% | |
46 Neutral | AU$24.72M | -0.71 | -104.93% | ― | ― | -100.00% | |
43 Neutral | AU$17.73M | -8.75 | -2.90% | ― | ― | 40.74% | |
42 Neutral | AU$15.75M | -1.52 | -21.86% | ― | ― | 81.08% | |
42 Neutral | AU$9.69M | -9.68 | -14.52% | ― | ― | 67.45% |
* Basic Materials Sector Average
AU:GW1
Greenwing Resources Ltd
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Greenwing Resources Ltd Corporate Events
Greenwing starts bulk brine sampling to advance DLE study at San Jorge
Jun 23, 2026
Greenwing Resources has begun a bulk brine sampling campaign at its San Jorge lithium brine project in Argentina’s Salar de San Francisco, designed to collect representative brine from multiple depths across the resource for direct lithium e...
Greenwing Secures Que River Lease Renewal to 2035 as Two-Stage Strategy Advances
Jun 8, 2026
Greenwing Resources has secured renewal of its Que River mining lease in Tasmania through 2035, providing long-term tenure certainty over its 100%-owned polymetallic project and marking a key milestone in its development strategy. The project is s...
Greenwing launches DLE study as San Jorge lithium project advances scoping work
May 31, 2026
Greenwing Resources has launched a Direct Lithium Extraction study at its San Jorge Lithium Brine Project, appointing specialist firm Zelandez to lead a structured technology assessment and testwork program tailored to the project’s specific...
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...
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.