Risk factor
Very high price volatility
Profitability factor
Greatly undervalued vs peers
About
Strike Resources Limited operates as a mineral exploration entity, actively seeking valuable resources across Australia, Argentina, and Peru. The company's primary focus is on uncovering deposits of iron ore, graphite, gold, and lithium. Central to its operations is the Apurimac magnetite iron ore project, an extensive property encompassing approximately 72,800 hectares situated in the Southern Highlands region of Peru. Strike Resources was established in 1999 and maintains its corporate headquarters in West Perth, Australia.
Company Valuation
Based on key historical and expected multiples, the stock is greatly undervalued relative to its peers. In particular, the stock is underpriced on P/E.