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Accelerate Resources Ltd Ordinary Shares AX8

Morningstar Rating
A$0.05 0.00 (9.30%)
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About Quantitative Ratings

Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.

Price vs Fair Value

AX8 is trading at a 42% discount.
Price
A$0.04
Fair Value
A$4.97
Uncertainty
Extreme
1-Star Price
A$1.57
5-Star Price
A$6.49
Economic Moat
Rlvtp
Capital Allocation
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Trading Information

Previous Close Price
A$0.04
Day Range
A$0.040.05
52-Week Range
A$0.020.07
Bid/Ask
A$0.05 / A$0.05
Market Cap
A$28.67 Mil
Volume/Avg
853,698 / 1.1 Mil

Key Statistics

Price/Earnings (Normalized)
Price/Sales
Dividend Yield (Trailing)
Dividend Yield (Forward)
Total Yield

Company Profile

Accelerate Resources Ltd is an Australia-based company engaged in the business of investment in the resources sector. It focuses on Manganese, lithium and other minerals exploration. The company's projects include Comet gold project, Pilbara lithium project, Braeside West and Ripon Hills East Manganese Projects and Mt Read Project.
Sector
Basic Materials
Industry
Other Industrial Metals & Mining
Stock Style Box
Small Core
Total Number of Employees

Valuation

Metric
AX8
Price/Earnings (Normalized)
Price/Book Value
2.46
Price/Sales
Price/Cash Flow
Price/Earnings
No chart available

Financial Strength

Metric
AX8
Quick Ratio
9.27
Current Ratio
10.14
Interest Coverage
Quick Ratio
AX8

Profitability

Metric
AX8
Return on Assets (Normalized)
−21.72%
Return on Equity (Normalized)
−22.71%
Return on Invested Capital (Normalized)
−22.71%
Return on Assets
AX8
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Economic Moat
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LAC
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LAAC
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CMP
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