Alkane Resources Limited

Company Profile

Alkane Resources Limited had its IPO on under the ticker symbol ALKEF.

The company operates in the Basic Materials sector and Gold industry. Alkane Resources Limited has a staff strength of 0 employees.

Stock update

Shares of Alkane Resources Limited opened at $0.5 at the start of the last trading session i.e. 2023-03-29.

The stocks traded within a range of $0.5 - $0.5, and closed at $0.5.

This is a 0% increase from the previous day's closing price.

A total volume of 0 shares were traded at the close of the day’s session.

In the last one week, shares of Alkane Resources Limited have increased by +2.04%.

Alkane Resources Limited's Key Ratios

Alkane Resources Limited has a market cap of $277.94 million, indicating a price to book ratio of 1.3596 and a price to sales ratio of 1.4798.

In the last 12-months Alkane Resources Limited’s revenue was $181.56 million with a gross profit of $62.65 million and an EBITDA of $103.61 million. The EBITDA ratio measures Alkane Resources Limited's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Alkane Resources Limited’s operating margin was 35.77% while its return on assets stood at 11.38% with a return of equity of 17.35%.

In Q2, Alkane Resources Limited’s quarterly earnings growth was a negative -49.1% while revenue growth was a positive 21.5%.

Alkane Resources Limited’s PE and PEG Ratio

Forward PE

13.9082

Trailing PE

11.4938

PEG

0

Its diluted EPS in the last 12-months stands at $0.04 per share while it has a forward price to earnings multiple of 13.9082 and a PEG multiple of 0. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Alkane Resources Limited’s profitability.

Alkane Resources Limited stock is trading at a EV to sales ratio of 1.1881 and a EV to EBITDA ratio of 1.4277. Its price to sales ratio in the trailing 12-months stood at 1.4798.

Alkane Resources Limited stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$355.69 million

Total Liabilities

$25.30 million

Operating Cash Flow

$-1396500.00

Capital Expenditure

$17.77 million

Dividend Payout Ratio

0%

Alkane Resources Limited ended 2023 with $355.69 million in total assets and $0 in total liabilities. Its intangible assets were valued at $355.69 million while shareholder equity stood at $268.87 million.

Alkane Resources Limited ended 2023 with $0 in deferred long-term liabilities, $25.30 million in other current liabilities, 218185000.00 in common stock, $111.33 million in retained earnings and $0 in goodwill. Its cash balance stood at $77.89 million and cash and short-term investments were $0. The company’s total short-term debt was $0 while long-term debt stood at $9.12 million.

Alkane Resources Limited’s total current assets stands at $98.19 million while long-term investments were $38.12 million and short-term investments were $0. Its net receivables were $1.20 million compared to accounts payable of $1.11 million and inventory worth $17.95 million.

In 2023, Alkane Resources Limited's operating cash flow was $-1396500.00 while its capital expenditure stood at $17.77 million.

Comparatively, Alkane Resources Limited paid $0 in dividends in 2023.

Other key metrics

Current Trading Price

$0.5

52-Week High

$0.98

52-Week Low

$0.35

Analyst Target Price

$

Alkane Resources Limited stock is currently trading at $0.5 per share. It touched a 52-week high of $0.98 and a 52-week low of $0.98. Analysts tracking the stock have a 12-month average target price of $.

Its 50-day moving average was $0.47 and 200-day moving average was $0.47 The short ratio stood at 0 indicating a short percent outstanding of 0%.

Around 3513.8% of the company’s stock are held by insiders while 937.2% are held by institutions.