$0.12

0.005 (4.35%)

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AX8 General Information

Accelerate Resources Limited
AX8
http://www.ax8.com.au
Diversified Metals & Mining
3
28

AX8 Current Share Price+

Current Price $0.120
Open $0.110
High $0.120
Low $0.110
Last Close $0.115
Volume 50000
Price Movement $0.00 ( 4.35% )
  • +Security prices are delayed by at least 20 minutes and are indicative only.

AX8 Company Overview

Business Description

Accelerate Resources Limited (AX8) is an Australian company pursuing various investment opportunities in the resources sector designed to add shareholder value by acquiring, exploring, evaluating and exploiting mineral resource project opportunities. Company has entered into the acquisition agreement to acquire 100% interest in Mt Read Cobalt Project in Tasmania which is considered to be prospective for cobalt, copper and nickel.

AX8 Financial Summary

Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2018 A -0.87 -3.70 0.00% 0.00 0.00 0.00% 0.0%
2017 A 0.00 0.00 0.00% 0.00 0.00 0.00% 0.0%

AX8 Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2017 A 2018 A 2017 A 2018 A 2017 A 2018 A
Accelerate Resources (AX8) $3M 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.00% 0.00% 0.00%
BHP Billiton (BHP) $102,903M 0.4448 0.0237 -0.0705 12.8376 12.5406 13.4917 4.98% 6.19% 4.67%
Iluka Resources (ILU) $3,578M 0.0000 1.8672 0.5739 40.7407 14.2090 9.0279 3.66% 2.09% 3.34%
Rio Tinto (RIO) $32,102M 0.6114 0.0998 -0.0975 12.3947 11.2697 12.4870 4.78% 5.15% 5.01%
South32 (S32) $16,975M 0.2485 0.1410 -0.0890 8.9444 7.8390 8.6047 4.27% 7.75% 6.34%

AX8 Market Comparison

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.00 0.00 0.97 0.00
Market 0.78 14.40 1.32 0.87
Sector 1.24 13.20 1.48 0.78

AX8 Directors

Name Position Start Date
Mr Andrew John Haythorpe Executive Director 7 Sep 2017
Ms Yaxi Zhan Managing Director 7 Mar 2017
Mr Grant Jonathan Mooney Non-Executive Chairman, Non-Executive Director 1 Jun 2017
Mr Terence (Terry) Topping Non-Executive Director 7 Mar 2017

AX8 Management

Name Position
Brett Tucker Company Secretary

AX8 Substantial Shareholders

Holding Name
4,915,191 (10.32%) GTT Global Opportunities Pty Ltd
3,000,000 (6.30%) POZ Minerals Ltd
3,000,000 (6.30%) Yaxi Zhan
2,500,000 (5.25%) Ouro Pty Ltd

AX8 Calendar of Events

Date Event
29 October 2019 Report (Quarterly)
30 September 2019 Report (Annual)
30 July 2019 Report (Quarterly)
29 April 2019 Report (Quarterly)
22 November 2018 AGM

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