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1 Comment
Western Areas Limited is currently in a long term uptrend where the price is trading 2.9% above its 200 day moving average.
From a valuation standpoint, the stock is 99.7% cheaper than other stocks from the Basic Materials sector with a price to sales ratio of 2.1.
Western Areas Limited's total revenue sank by 21.4% to $123M since the same quarter in the previous year.
Its net income has dropped by 148.4% to $-12M since the same quarter in the previous year.
Finally, its free cash flow grew by 12.4% to $-21M since the same quarter in the previous year.
Based on the above factors, Western Areas Limited gets an overall score of 3/5.
| ISIN | AU000000WSA9 |
|---|---|
| Industry | Metals & Mining |
| Sector | Materials |
| CurrencyCode | AUD |
| Exchange | AU |
| Market Cap | 1B |
|---|---|
| Beta | 1.22 |
| Target Price | 3.77 |
| PE Ratio | 53.61 |
| Dividend Yield | 0.0% |
As of June 20, 2022, Western Areas Limited was acquired by IGO Nickel Holdings Pty Ltd. Western Areas Limited mines for, processes, and sells nickel sulphide concentrates and other base metals in Australia. It holds a 100% interest in the Forrestania project located in Western Australia. Western Areas Limited was incorporated in 1999 and is based in West Perth, Australia.
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