Indiana Resources Limited (GSMGF) Price & Analysis

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GSMGF Stock Chart & Stats

$0.02

<$0.01(17.65%)

At close: Dec 31 4:00 PM EST

$0.02

<$0.01(17.65%)

Day’s Range― - ―

52-Week Range$0.02 - $0.07

Previous CloseN/A

Volume555.00

Average Volume (3M)3.00

Market Cap

$18.11M

Enterprise Value-$18.87M

Total Cash (Recent Filing)$69.35M

Total Debt (Recent Filing)$3.00K

Price to Earnings (P/E)0.2

Beta0.21

Next Earnings

Mar 18, 2026

EPS EstimateN/A

Next Dividend Ex-DateN/A

Dividend Yield196.36%

Share Statistics

EPS (TTM)0.05

Shares Outstanding644,232,500

10 Day Avg. Volume10

30 Day Avg. Volume3

Financial Highlights & Ratios

PEG Ratio>-0.01

Price to Book (P/B)0.73

Price to Sales (P/S)0.38

P/FCF Ratio-8.74

Enterprise Value/Market Cap-1.04

Enterprise Value/Revenue-0.14

Enterprise Value/Gross Profit-0.14

Enterprise Value/Ebitda-0.18

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

Bulls Say, Bears Say

Bulls Say

Revenue GrowthA 52.26% year-on-year revenue increase indicates tangible progress in monetising assets or advancing projects. Over the next 2–6 months this trend supports scaling opportunities, improves bargaining power for JV/farm-out deals, and underpins longer-term project economics if sustained.

High Gross MarginA near-100% gross margin suggests the company incurs minimal direct cost against reported revenue, implying strong unit economics for transactions or asset sales. If maintained, such margin durability would accelerate conversion of incremental revenue into cash profit when operating cash flow turns positive.

Low Leverage / Healthy Capital StructureA very low debt load gives the company financial resilience and optionality to pursue exploration, farm-outs or staged project development without heavy interest burdens. This structural strength reduces insolvency risk and preserves flexibility for financing choices over the medium term.

Bears Say

Weak Cash GenerationPersistent negative operating and free cash flows indicate the business cannot self-fund exploration or project advancement. Over months this necessitates external financing, increases dilution or debt reliance, and limits ability to capitalise on near-term growth opportunities without new capital.

Negative Operating ProfitabilityNegative historical EBIT/EBITDA margins reveal that core operations have not generated operating profits, suggesting structural inefficiencies or high overhead relative to recurring income. This undermines sustainability; until operating margins improve, profitability depends on one-off items or non-operational gains.

Reliance On Financing And Asset TransactionsAs an exploration-stage company the cash model relies on equity raises, farm-outs or asset sales rather than recurring operating revenue. This structural dependence creates funding volatility, potential dilution, and execution risk for project advancement over the medium term.

Indiana Resources Limited News

Indiana Resources Confirms New Gold-Bearing Structure at Minos Project

Indiana Resources Limited ( ($AU:IDA) ) just unveiled an announcement. Indiana Resources has reported new air-core drilling results...

15d ago

Indiana Resources Issues 500,000 New Shares on Option Exercise

An announcement from Indiana Resources Limited ( ($AU:IDA) ) is now available. Indiana Resources has issued 500,000 new...

2M ago

Indiana Resources Seeks ASX Quotation for 500,000 New Ordinary Shares

An update from Indiana Resources Limited ( ($AU:IDA) ) is now available. Indiana Resources Limited has applied to...

2M ago

Indiana Resources Director Bronwyn Barnes Increases Indirect Shareholding via On-Market Trades

Indiana Resources Limited ( ($AU:IDA) ) has provided an announcement. Indiana Resources has disclosed changes in the relevant...

2M ago

Indiana Resources Finalises Tanzania Dispute, Clears Path to Refocus on SA Gold Exploration

Indiana Resources Limited ( ($AU:IDA) ) just unveiled an announcement. Indiana Resources has reached a comprehensive, final settlement...

2M ago

Indiana Resources Appoints New Head of Regional Exploration

Indiana Resources Limited ( ($AU:IDA) ) has issued an update. Indiana Resources Limited has appointed Ms. Barbara Duggan...

2M ago

Indiana Resources Advances Minos Gold Project with Successful Drilling Program

An update from Indiana Resources Limited ( ($AU:IDA) ) is now available. Indiana Resources Limited has completed an...

3M ago

Indiana Resources Announces Director’s Interest Change

Indiana Resources Limited ( ($AU:IDA) ) has provided an announcement. Indiana Resources Limited announced a change in the...

3M ago

Indiana Resources Issues New Equity Securities as Part of Incentive Scheme

The latest announcement is out from Indiana Resources Limited ( ($AU:IDA) ). Indiana Resources Limited has announced the...

3M ago

Indiana Resources Confirms Depth of Gold Mineralisation at Minos Project

Indiana Resources Limited ( ($AU:IDA) ) has shared an update. Indiana Resources Limited has announced promising assay results...

4M ago

GSMGF FAQ

What was Indiana Resources Limited’s price range in the past 12 months?

Indiana Resources Limited lowest stock price was $0.02 and its highest was $0.07 in the past 12 months.

What is Indiana Resources Limited’s market cap?

Indiana Resources Limited’s market cap is $18.11M.

When is Indiana Resources Limited’s upcoming earnings report date?

Indiana Resources Limited’s upcoming earnings report date is Mar 18, 2026 which is in 22 days.

How were Indiana Resources Limited’s earnings last quarter?

Indiana Resources Limited released its earnings results on Sep 30, 2025. The company reported $0.052 earnings per share for the quarter, beating the consensus estimate of N/A by $0.052.

Is Indiana Resources Limited overvalued?

According to Wall Street analysts Indiana Resources Limited’s price is currently Overvalued. Get more investment ideas with TipRanks Premium

Does Indiana Resources Limited pay dividends?

Indiana Resources Limited pays a Semiannually dividend of $0.033 which represents an annual dividend yield of 196.36%. See more information on Indiana Resources Limited dividends here

What is Indiana Resources Limited’s EPS estimate?

Indiana Resources Limited’s EPS estimate for its next earnings report is not yet available.

How many shares outstanding does Indiana Resources Limited have?

Indiana Resources Limited has 644,232,500 shares outstanding.

What happened to Indiana Resources Limited’s price movement after its last earnings report?

Indiana Resources Limited reported an EPS of $0.052 in its last earnings report, beating expectations of N/A. Following the earnings report the stock price went same 0%.

Which hedge fund is a major shareholder of Indiana Resources Limited?

Currently, no hedge funds are holding shares in GSMGF

What is the TipRanks Smart Score and how is it calculated?

Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

Indiana Resources Limited Stock Smart Score

Neutral

Blogger Sentiment

Bullish

GSMGF Sentiment 70%
Sector Average ―

Insider Transactions

Bought Shares

Worth AU$152.0K over
the Last 3 Months

Fundamentals

Return on Equity

239.14%

Trailing 12-Months

Asset Growth

859.82%

Trailing 12-Months

Top Smart Score Stocks >

Company Description

Indiana Resources Limited

Indiana Resources Limited operates as a gold exploration company in Australia. It primarily holds interests in the Gawler Craton gold project that covers an area of 5,713 square kilometers located in South Australia. The company was formerly known as IMX Resources Limited and changed its name to Indiana Resources Limited in June 2016. Indiana Resources Limited was incorporated in 1985 and is based in Wembley, Australia.