$0.155

Want access to our research and new buy ideas?

Take a free 15 day trial - no credit card required.

Start your free trial now

AX8 General Information

Accelerate Resources Limited
AX8
http://www.ax8.com.au
Diversified Metals & Mining
4
27

AX8 Current Share Price+

Current Price $0.155
Open $0.165
High $0.165
Low $0.155
Last Close $0.155
Volume 192000
Price Movement - ( No change )
  • +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 (%)
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 2017 A 2017 A
Accelerate Resources (AX8) $5M 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.00% 0.00% 0.00%
BHP Billiton (BHP) $99,113M -0.2116 0.2790 -0.0370 17.8650 13.9676 14.5039 3.44% 4.71% 4.24%
Iluka Resources (ILU) $4,878M 0.0000 1.9432 0.2422 56.0366 19.0391 15.3269 2.66% 1.42% 3.39%
Rio Tinto (RIO) $33,212M 0.6113 0.0997 -0.1300 12.8230 11.6607 13.4038 4.62% 5.22% 4.81%
South32 (S32) $20,230M 0.0000 -0.0818 -0.0102 13.1791 14.3535 14.5018 3.31% 11.91% 9.32%

AX8 Market Comparison

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.00 0.00 0.66 0.00
Market 1.01 15.00 1.51 1.08
Sector 2.31 14.60 1.96 0.84

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

DISCLOSURE: InvestSMART Group Limited employees may have an interest in the securities and managed funds displayed via this service. Please refer to our Financial Services Guide for more information.

Data shown on this website is sourced by Morningstar
© 2017 Morningstar. All rights reserved. Neither any Morningstar company nor any of their content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution. Any general advice has been prepared by Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892) and/or Morningstar Research Limited, subsidiaries of Morningstar, Inc, without reference to your objectives, financial situation or needs. You should consider the advice in light of these matters and, if applicable, the relevant Product Disclosure Statement (in respect of Australian products) or Investment Statement (in respect of New Zealand products) before making any decision to invest. No Morningstar-affiliated company or any of their employees is providing you with personalised financial advice. To obtain advice tailored to your particular circumstances, please contact a professional financial adviser. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only.