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Errawarra Resources Ltd.
(Sydney:WCE)
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Rating:34Underperform
Price Target:―
Action:N/A
Date:05/02/25
Errawarra Resources Ltd.'s overall stock score is significantly impacted by its poor financial performance, with no revenue and consistent losses. While technical analysis shows some short-term positive momentum, the lack of fundamental strength and a negative P/E ratio weigh heavily on the stock's attractiveness. The absence of earnings call data and recent corporate events leaves the financial and technical assessments as the primary basis for the score.
Positive Factors
Strategic Acquisition
The acquisition of the Elizabeth Hill Silver Project strengthens Errawarra's position in the silver mining sector, offering potential for significant resource growth and enhancing its exploration portfolio.
Negative Factors
Lack of Revenue
The absence of revenue indicates operational challenges and reliance on external financing, which could limit the company's ability to sustain long-term growth and profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Strategic Acquisition
The acquisition of the Elizabeth Hill Silver Project strengthens Errawarra's position in the silver mining sector, offering potential for significant resource growth and enhancing its exploration portfolio.
Read all positive factors
Errawarra Resources Ltd. (WCE) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$39.21M
Dividend YieldN/A
Average Volume (3M)3.42M
Price to Earnings (P/E)―
Beta (1Y)3.93
Revenue GrowthN/A
EPS Growth-77.34%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.02
Shares Outstanding373,426,360
10 Day Avg. Volume2,754,605
30 Day Avg. Volume3,422,185
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)0.00
Price to Sales (P/S)0.00
P/FCF Ratio0.00
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
Errawarra Resources Ltd. Business Overview & Revenue Model
Company Description
Errawarra Resources Ltd engages in the mineral exploration and project development in Australia. It explores for gold, nickel, scandium, cobalt, and copper deposits. The company holds 80% interests in Andover West project located in Western Austra...
How the Company Makes Money
Errawarra Resources Ltd. generates revenue through the exploration and potential development of mineral resources. The company's primary revenue model involves acquiring exploration licenses and conducting geological surveys to identify valuable m...
Errawarra Resources Ltd. Financial Statement Overview
Summary
Income Statement
Balance Sheet
Cash Flow
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Income Statement |
| Total Revenue |
| Gross Profit |
| EBITDA |
| Net Income |
Balance Sheet |
| Total Assets |
| Cash, Cash Equivalents and Short-Term Investments |
| Total Debt |
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| Stockholders Equity |
Cash Flow |
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Errawarra Resources Ltd. Technical Analysis
Negative
0.10
Price Trends
0.11
Negative
0.13
Negative
0.16
Negative
Market Momentum
>-0.01
Positive
45.77
Neutral
13.33
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WCE, the sentiment is Negative. The current price of 0.1 is below the 20-day moving average (MA) of 0.11, below the 50-day MA of 0.11, and below the 200-day MA of 0.16, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 45.77 is Neutral, neither overbought nor oversold. The STOCH value of 13.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:WCE.
Errawarra 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% | |
48 Neutral | AU$45.45M | -4.57 | -25.29% | ― | ― | -31.13% | |
45 Neutral | AU$41.12M | -3.54 | -25.04% | ― | ― | 80.64% | |
44 Neutral | AU$35.38M | -5.57 | -38.51% | ― | ― | 65.87% | |
41 Neutral | AU$40.66M | -0.55 | -124.69% | ― | ― | 94.07% | |
38 Underperform | AU$34.03M | -15.00 | -5.17% | ― | ― | 55.56% | |
34 Underperform | AU$39.21M | -1,261.98 | -0.21% | ― | ― | -77.34% |
* Basic Materials Sector Average
AU:WCE
Errawarra Resources Ltd.
0.11
-0.08
-41.67%
AU:COB
Cobalt Blue Holdings
0.07
0.01
26.42%
AU:POD
Podium Minerals Ltd.
0.03
<0.01
6.25%
AU:JLL
Jindalee Resources Limited
0.35
-0.07
-17.46%
AU:RCM
Armada Metals Ltd.
0.03
<0.01
17.24%
AU:OD6
OD6 Metals Ltd.
0.13
0.06
95.31%
Errawarra Resources Ltd. Corporate Events
Errawarra Resources Expands with Strategic Acquisition of Elizabeth Hill Silver Project
Apr 28, 2025
Errawarra Resources Ltd. has acquired a 70% stake in the Elizabeth Hill Silver Project, along with associated tenements, marking a strategic expansion in the Pilbara region of Western Australia. This acquisition is expected to strengthen the compa...
Errawarra Resources Advances Elizabeth Hill Silver Project with Imminent Drilling
Apr 21, 2025
Errawarra Resources Ltd has announced significant progress in its exploration activities at the Elizabeth Hill Silver Project, with high-priority drill targets being finalized and drilling expected to commence in approximately six weeks. The compa...
Errawarra Resources Aligns Executive Terms with Growth Strategy
Apr 17, 2025
Errawarra Resources Ltd has announced amendments to the key terms of engagement with its Executive Director, Mr. Bruce Garlick, following a successful $3 million placement. This move aligns with the company’s growth strategy and aims to ensu...
Errawarra Resources Ltd. Announces General Meeting to Address Share Issuances
Apr 16, 2025
Errawarra Resources Ltd. has announced a General Meeting to discuss several resolutions regarding the issuance and ratification of shares and options. The meeting will address the approval of issuing shares to Alien Metals, ratification of previou...
Errawarra Resources Initiates Fieldwork at Elizabeth Hill Silver Project
Apr 1, 2025
Errawarra Resources Ltd has commenced fieldwork at its Elizabeth Hill Silver Project in Western Australia, marking the start of its inaugural drilling program. The company’s geological team is focusing on identifying and prioritizing high-gr...
$3M Capital Raise: Errawarra Resources Completes First Tranche
Apr 1, 2025
Errawarra Resources Ltd has completed the first tranche of its two-part capital raise, issuing 23,380,166 fully paid ordinary shares at $0.027 per share, as part of a $3 million capital raising effort. The second tranche will require shareholder a...
Errawarra Resources Ltd Announces Quotation of New Securities
Apr 1, 2025
Errawarra Resources Ltd announced the quotation of 23,380,166 fully paid ordinary securities on the ASX, effective April 1, 2025. This move is part of previously announced transactions and signifies an expansion in the company’s market activ...
Errawarra Resources Ltd. Acquires High-Grade Silver Project
Mar 26, 2025
Errawarra Resources Ltd. has announced a transformational acquisition of Australia’s highest-grade silver project, the Elizabeth Hill Silver Project. This acquisition, pending shareholder approval, positions the company to significantly enha...
Errawarra Resources Ltd Announces Proposed Securities Issue
Mar 24, 2025
Errawarra Resources Ltd has announced a proposed issue of 136,363,636 ordinary fully paid securities, with the issue date set for May 31, 2029. This move is part of a placement or other type of issue, which could potentially impact the companyR...
Errawarra Resources Ltd Announces Proposed Securities Issue to Boost Capital
Mar 24, 2025
Errawarra Resources Ltd has announced a proposed issue of securities, including options and performance rights, set to expire in May 2028, as well as ordinary fully paid shares. The issuance, scheduled for May 22, 2025, aims to enhance the company...
Errawarra Resources Acquires High-Grade Elizabeth Hill Silver Project
Mar 24, 2025
Errawarra Resources Ltd. has announced a significant acquisition of a 70% stake in the Elizabeth Hill Silver Project, located in the West Pilbara mining region of Western Australia. This acquisition, alongside a $3 million placement, positions the...
Errawarra Resources Ltd Initiates Trading Halt Ahead of Major Announcement
Mar 19, 2025
Errawarra Resources Ltd, a company listed on the Australian Securities Exchange, has requested a trading halt on its securities. This decision is made to prevent uninformed trading and maintain an orderly market as the company prepares to announce...
Errawarra Resources Appoints Bruce Garlick as Executive Director
Mar 5, 2025
Errawarra Resources Ltd has announced the transition of Bruce Garlick from a Non-Executive Director to an Executive Director, effective immediately. Mr. Garlick brings extensive mining, exploration, and engineering experience, particularly in the ...
Errawarra Resources Ltd. Releases Half-Year Financial Report
Mar 4, 2025
Errawarra Resources Ltd. released its financial report for the half-year ending December 31, 2024, detailing its financial performance and position. The report provides insights into the company’s operational efficiency and financial health,...
Errawarra Resources Highlights West Pilbara Exploration Initiatives
Feb 6, 2025
Errawarra Resources Ltd. has released an investor presentation highlighting its ongoing exploration activities in the West Pilbara region, a Tier 1 area for mining. The announcement underscores the company’s strategic focus on exploiting min...
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.