Risk factor
Very high price volatility
Profitability factor
Greatly undervalued vs peers
About
New Century Resources Limited engages in the exploration and development of mineral properties in Australia. It explores for copper, zinc, and lead deposits. The company's flagship project is the Century mine located to the north-west of Mount Isa in the Lower Gulf of Carpentaria. It has option to acquire 100% interest in the Mt Lyell Copper Mine located in Queenstown, Tasmania. The company was formerly known as Attila Resources Limited and changed its name to New Century Resources Limited in July 2017. New Century Resources Limited was incorporated in 2010 and is based in Melbourne, Australia.
Company Valuation
Considering past and projected metrics, the stock is distinctly 'cheaper' than its peers. In particular, the stock is 'cheap' on EV/EBITDA.
