Risk factor
Very high price volatility
Profitability factor
Very low or no dividends
About
Operating within Australia, Reach Resources Limited specializes in the identification and assessment of potential mineral deposits. The firm's primary focus is gold, though it also conducts prospecting for nickel, cobalt, copper, and various other base metals. Among its assets is an ownership stake in the Primrose gold project, located to the northeast of Perth. Established in 2001, this entity, previously known as Cervantes Corporation Limited, maintains its principal corporate office in Perth, Australia.
Company Valuation
Based on key historical and expected multiples, the stock is fairly valued relative to its peers. In particular, the stock is trading at neutral levels on P/FCF.