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Anova Metals Ltd. (AU:WA8)
ASX:WA8
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Anova Metals Ltd. (WA8) AI Stock Analysis

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AU

Anova Metals Ltd.

(Sydney:WA8)

Rating:43Neutral
Price Target:
AU$0.00
▼(-100.00%Downside)
Anova Metals Ltd.'s overall stock score is heavily impacted by its poor financial performance characterized by persistent losses and negative cash flows. Technical analysis indicates a mixed outlook without strong directional signals, while valuation metrics are unfavorable given the negative P/E ratio. These factors collectively result in a low overall stock score.

Anova Metals Ltd. (WA8) vs. iShares MSCI Australia ETF (EWA)

Anova Metals Ltd. Business Overview & Revenue Model

Company DescriptionAnova Metals Ltd. (WA8) is a mineral exploration and development company based in Australia. The company primarily focuses on the exploration and development of gold projects. Its key assets include the Big Springs Gold Project located in Nevada, USA, which is a significant area of interest due to its promising gold reserves.
How the Company Makes MoneyAnova Metals Ltd. generates revenue primarily through the exploration, development, and sale of mineral resources, particularly gold. The company invests in exploration activities to identify viable mining sites and then develops these sites to extract and produce gold. Revenue is generated through the sale of extracted gold to various buyers, including refineries and commodity traders. The company may also enter into joint ventures or partnerships to share the costs and profits associated with mining operations, which can enhance its financial outcomes.

Anova Metals Ltd. Financial Statement Overview

Summary
Anova Metals Ltd. faces significant operational and financial challenges. Despite some revenue growth, the company reports persistent losses and negative cash flows, indicating structural inefficiencies. The company needs to focus on improving operational efficiency, managing costs, and enhancing cash flow generation.
Income Statement
35
Negative
Anova Metals Ltd. has shown some revenue growth over the years; however, it is accompanied by significant negative net income and EBIT, indicating operational inefficiencies. The gross profit margin is positive but overshadowed by high operating losses, leading to negative EBIT and EBITDA margins. The company needs to focus on cost control and operational efficiency to improve profitability.
Balance Sheet
45
Neutral
The company's balance sheet reflects a moderate level of leverage with a low debt-to-equity ratio, which suggests limited financial risk from debt. However, the equity ratio is relatively high, indicating a reliance on equity financing. The negative net income results in negative return on equity, showing inefficiencies in generating shareholder value. The overall stability is compromised by declining equity over the years.
Cash Flow
40
Negative
Anova Metals Ltd. is experiencing negative operating and free cash flows, which are concerning for long-term sustainability. The cash flow from operating activities is consistently negative, indicating operational challenges. The free cash flow growth is negative, highlighting the need for better cash management and operational performance to generate positive cash flows.
BreakdownJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income Statement
Total Revenue258.56K126.57K0.000.00
Gross Profit258.56K126.57K-7.31K-5.25K
EBITDA-20.37M-9.55M-3.64M-3.52M-693.41K
Net Income-21.35M-9.88M-3.65M-4.18M2.77M
Balance Sheet
Total Assets72.96M85.52M16.62M19.00M26.17M
Cash, Cash Equivalents and Short-Term Investments3.87M6.15M4.65M7.65M3.40M
Total Debt400.91K449.75K0.000.002.83M
Total Liabilities19.67M22.49M577.96K538.58K6.34M
Stockholders Equity53.28M63.03M16.05M18.46M19.83M
Cash Flow
Free Cash Flow-9.55M-7.73M-3.79M-4.34M-1.89M
Operating Cash Flow-9.43M-7.66M-3.79M-4.34M-1.87M
Investing Cash Flow-1.74M940.22K0.008.17M457.04K
Financing Cash Flow8.95M8.01M715.00K161.86K3.73M

Anova Metals Ltd. Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.12
Price Trends
50DMA
0.11
Positive
100DMA
0.09
Positive
200DMA
0.07
Positive
Market Momentum
MACD
>-0.01
Negative
RSI
53.40
Neutral
STOCH
72.55
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WA8, the sentiment is Positive. The current price of 0.12 is above the 20-day moving average (MA) of 0.11, above the 50-day MA of 0.11, and above the 200-day MA of 0.07, indicating a bullish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 53.40 is Neutral, neither overbought nor oversold. The STOCH value of 72.55 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:WA8.

Anova Metals Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (44)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
AUAGE
45
Neutral
AU$110.75M-5.22%
44
Neutral
AU$1.45B-5.90-41.37%4.07%-3.45%-43.04%
AUWA8
43
Neutral
AU$123.51M-17.92%104.28%73.12%
AUEQR
41
Neutral
AU$107.99M-141.59%562.03%-336.00%
AUZEO
41
Neutral
AU$124.10M-22.17%50.00%
AUBSX
40
Underperform
AU$125.36M-51.66%59.92%
AUPSC
36
Underperform
AU$133.11M-26.16%-28.93%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:WA8
Anova Metals Ltd.
0.12
0.05
71.43%
AU:BSX
Blackstone Minerals Ltd
0.08
0.04
100.00%
AU:EQR
EQ Resources Limited
0.04
-0.01
-20.00%
AU:AGE
Alligator Energy Ltd
0.02
-0.02
-50.00%
AU:PSC
Prospect Resources Ltd.
0.19
0.07
58.33%
AU:ZEO
Zeotech Limited
0.07
0.04
133.33%

Anova Metals Ltd. Corporate Events

Warriedar Resources Advances Gold and Antimony Exploration in Western Australia
Jul 22, 2025

Warriedar Resources Limited, trading as ASX: WA8, is focused on rapidly advancing its gold and antimony resources in Western Australia. The company is actively engaged in exploration activities to drive value and enhance its market position. The recent announcement highlights the company’s strategic efforts to capitalize on its resource potential, which could significantly impact its operations and industry standing. Stakeholders are advised to consider the inherent risks and uncertainties associated with exploration and project development.

Warriedar Resources Reports Major Antimony and Gold Discoveries
Jul 16, 2025

Warriedar Resources Limited, operating in the mining industry, has announced significant developments in its Golden Range and Fields Find Projects in Western Australia. The company has reported a maiden antimony Mineral Resource Estimate (MRE) for the Ricciardo deposit, marking it as the largest open-pit antimony resource in Australia. Additionally, Warriedar has encountered visible gold in its drilling at Ricciardo, indicating potential for high-grade gold mineralization. The company has also successfully raised A$21.0 million through equity placement and a share purchase plan, positioning it well to advance its 2025 growth-focused drilling initiatives.

Warriedar Resources Announces Director’s Interest Change
Jul 4, 2025

Warriedar Resources Limited has announced a change in the director’s interest, specifically involving Amanda Buckingham. The change involves the acquisition of 2,531,250 ordinary shares and the disposal of 2,531,250 performance rights linked to a $0.10 WVAP hurdle, reflecting a strategic adjustment in the director’s securities holdings.

Warriedar Resources Issues Over 3.6 Million Shares
Jul 4, 2025

Warriedar Resources Limited, operating under the ASX ticker WA8, announced the issuance of 3,656,250 ordinary fully paid shares on 4 July 2025. This issuance was conducted without disclosure under Part 6D.2, relying on Section 708A(5) of the Corporations Act, and the company has confirmed compliance with relevant provisions of the Act. The announcement, authorized by Managing Director Amanda Buckingham, indicates no excluded information, suggesting transparency in the process.

Warriedar Resources Limited Announces Quotation of New Securities
Jul 4, 2025

Warriedar Resources Limited has announced the quotation of 3,156,250 ordinary fully paid securities on the Australian Securities Exchange (ASX) under the code WA8, effective July 4, 2025. This move involves the issuance, transfer, or reclassification of securities resulting from options exercised or convertible securities converted, potentially impacting the company’s market presence and stakeholder interests.

Warriedar Resources Limited Issues New Securities Under Employee Incentive Scheme
Jul 4, 2025

Warriedar Resources Limited has announced the issuance of 500,000 ordinary fully paid securities under an employee incentive scheme. This move is aimed at enhancing employee engagement and aligning their interests with the company’s growth objectives, potentially impacting the company’s market positioning and stakeholder interests positively.

Warriedar Resources Uncovers High-Grade Antimony at Azure Coast
Jul 1, 2025

Warriedar Resources Limited, operating in the mining industry, has announced promising results from a trial pulp re-assay program at the Azure Coast deposit, part of its Golden Range Project in Western Australia. The re-assay of historical drill holes has confirmed high-grade antimony mineralization, suggesting a significant antimony-dominant zone at Azure Coast. This finding extends the potential of the Golden Range Project beyond the flagship Ricciardo deposit, indicating a broader opportunity for antimony extraction. The company plans further drilling to explore the full extent of this mineralization, which could enhance its market position and offer substantial benefits to stakeholders.

Warriedar Resources Director Increases Stake
Jun 25, 2025

Warriedar Resources Limited announced a change in the director’s interest, specifically regarding Dianmin Chen. The director acquired 160,065 ordinary shares, increasing his total holdings to 14,610,497 shares. This acquisition was made under a Share Purchase Plan, reflecting a strategic move to enhance his stake in the company.

Warriedar Resources Closes Oversubscribed Share Purchase Plan
Jun 24, 2025

Warriedar Resources Limited successfully closed its oversubscribed share purchase plan, raising $9.1 million, significantly surpassing its initial $2 million target. The funds, along with additional capital, will be used to accelerate exploration and resource upgrades at its Golden Range Gold Project, positioning the company as a major exploration player in the Southern Murchison region.

Warriedar Resources Unveils Promising Gold Discovery at Ricciardo
Jun 17, 2025

Warriedar Resources Limited has announced a significant development in its exploration efforts at the Ricciardo gold-antimony deposit, with the discovery of visible gold in a recent drill hole. This finding suggests the potential for high-grade, free-milling gold mineralization, which could be a game-changer for the project’s development. The company is accelerating its drilling program at Ricciardo, with plans to drill 105 holes using four rigs, supported by a strong cash position of A$21.8 million. The discovery of new high-grade mineralization zones could enhance Warriedar’s industry positioning and provide further opportunities for stakeholders.

Warriedar Resources Director’s Shareholding Update
Jun 10, 2025

Warriedar Resources Limited has announced a change in the interests of its director, Mark Connelly. The company reported that Connelly has acquired 1,166,667 ordinary shares following the vesting and exercise of performance rights tied to a $0.10 WVAP hurdle, while an equal number of performance rights were disposed of. This change results in Connelly holding a total of 2,499,999 ordinary shares. The adjustment in director’s holdings reflects the company’s ongoing management of equity incentives, which could impact shareholder value and director alignment with company performance goals.

Warriedar Resources Expands Share Capital with New Issuance
Jun 10, 2025

Warriedar Resources Limited, listed on the ASX under the ticker WA8, has issued 5,770,470 ordinary fully paid shares as of June 10, 2025. This issuance was conducted without a disclosure document, in accordance with Section 708A(5) of the Corporations Act, indicating the company’s compliance with relevant legal provisions. This strategic move could potentially impact the company’s market positioning by increasing its share capital, which may interest stakeholders looking at the company’s growth and compliance practices.

Warriedar Resources Limited Announces Quotation of New Securities on ASX
Jun 10, 2025

Warriedar Resources Limited has announced the quotation of 4,459,417 ordinary fully paid securities on the Australian Securities Exchange (ASX) under the code WA8, effective June 10, 2025. This move signifies the company’s strategic financial maneuver to potentially enhance liquidity and investor interest, reflecting its ongoing efforts to strengthen its market position and operational capabilities.

Warriedar Resources Issues 170 Million Shares
Jun 5, 2025

Warriedar Resources Limited, listed on the ASX under the ticker WA8, has issued 170 million ordinary fully paid shares as of June 5, 2025. This issuance was conducted without disclosure under Part 6D.2 of the Corporations Act, relying on Section 708A(5). The company has confirmed compliance with relevant provisions of the Corporations Act and stated there is no excluded information as of the notice date.

Warriedar Resources Limited Announces Quotation of New Securities
Jun 5, 2025

Warriedar Resources Limited has announced the application for quotation of 170,000,000 ordinary fully paid securities on the Australian Securities Exchange (ASX) under the code WA8. This move is part of a previously announced transaction, which may enhance the company’s liquidity and market presence, potentially impacting its operations and positioning in the industry.

Warriedar Resources Launches Share Purchase Plan to Boost Ricciardo Development
Jun 2, 2025

Warriedar Resources Limited has announced a Share Purchase Plan (SPP) following a successful placement of 170 million shares, raising approximately A$17 million. The SPP allows eligible shareholders to purchase shares at A$0.10 each, aiming to raise an additional A$2 million. The funds will be used to accelerate the development of the Ricciardo deposit through extensive drilling, metallurgical tests, and engineering studies, enhancing the company’s resource inventory and exploration capabilities.

Warriedar Resources Initiates Share Purchase Plan
Jun 2, 2025

Warriedar Resources Limited, operating under the ticker ASX: WA8, announced a Share Purchase Plan that allows the issuance of fully paid ordinary shares without disclosure under Part 6D.2 of the Corporations Act 2001. This strategic move is in compliance with the ASIC Corporations Instrument 2019/547 and indicates the company’s adherence to relevant legal provisions, potentially enhancing its financial flexibility and shareholder value.

Warriedar Resources Initiates Trading Halt for Capital Raising
May 26, 2025

Warriedar Resources Limited, listed on the ASX under the ticker WA8, has requested a trading halt on its securities in anticipation of a forthcoming announcement related to a capital raising initiative. This trading halt is expected to last until the announcement is made or until normal trading resumes on 28 May 2025. The decision to halt trading is part of Warriedar’s strategic move to manage the capital raising process effectively, which could have significant implications for the company’s financial strategy and stakeholder interests.

Warriedar Resources Outlines Strategic Plans at MakCorp Webinar
May 20, 2025

Warriedar Resources Limited, operating under the ASX ticker WA8, is focused on advancing its gold and antimony resources in Western Australia. The company presented at the MakCorp Antimony Webinar, discussing its strategic plans and objectives, which include anticipated production and construction commencement dates. The release highlights the inherent risks and uncertainties associated with forward-looking statements, emphasizing the speculative nature of exploration and project development. Stakeholders are advised to consider these factors when evaluating the company’s future performance.

Warriedar Resources to Host Investor Webinar on Antimony and Gold Discoveries
May 6, 2025

Warriedar Resources Limited, a company listed on the ASX under the ticker WA8, is hosting an investor webinar to discuss its recent significant findings in Antimony and Gold. The webinar, led by Managing Director Amanda Buckingham, will provide insights into these results and allow for a live Q&A session with shareholders. This event highlights the company’s ongoing exploration efforts and its potential impact on market positioning and stakeholder interests.

Warriedar Resources Unveils Australia’s Largest Open-Pit Antimony Resource at Ricciardo Project
May 5, 2025

Warriedar Resources Limited has announced a significant update to its Ricciardo Project, revealing Australia’s largest open-pit antimony resource with a maiden Mineral Resource Estimate (MRE) of 12.2 million tonnes at 0.5% antimony. This development marks a 107% increase in the total Ricciardo MRE to 1.96 million ounces of gold equivalent, positioning Warriedar as a key player in the antimony market amid rising prices and supply constraints. The company plans to commence antimony-focused drilling and continue metallurgical testwork to further capitalize on this opportunity, while also expanding its gold resources within the Golden Range Project.

Warriedar Resources Unveils Australia’s Largest Open-Pit Antimony Resource
Apr 30, 2025

Warriedar Resources Limited has announced a significant update to its mineral resource estimates for the Ricciardo deposit, unveiling Australia’s largest open-pit antimony resource. The maiden antimony Mineral Resource Estimate (MRE) for Ricciardo stands at 12.2 Mt @ 0.5% Sb, highlighting a 107% increase in total Ricciardo MRE to 1.96 Moz AuEq. This development positions Warriedar as a key player in the antimony market, especially amid rising antimony prices and global supply constraints. The company plans to commence antimony-focused drilling and continue metallurgical testwork, aiming to expand its gold resources within the Golden Range Project.

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.Date of analysis: Jul 11, 2025