Equatorial Resources (EQX.AX) Stock Price

Equatorial Resources Price

ASX·CLOSED
0.15AUD+0.0050 (+3.39 %)
Market closed

Over the last 18 years Equatorial Resources grew revenue by 4.2% annually, reaching 792,300.00 AUD. For Equatorial Resources, the net margin of -222.4% is down versus -5.1% a few years ago. The stock trades about 11% above its 52-week low.

Equatorial Resources stock price

Volume
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Equatorial Resources over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Equatorial Resources stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Equatorial Resources's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Equatorial Resources Stock Price History
DateEquatorial Resources Price
7/29/20260.15 AUD
7/28/20260.14 AUD
7/27/20260.14 AUD
7/24/20260.16 AUD
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6/22/20260.16 AUD
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8/4/20250.15 AUD
8/1/20250.15 AUD
Access this data via the Eulerpool API

Equatorial Resources Revenue, EBIT, Net Income

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  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2018
1.00 M AUD
-51,700.00 AUD
-51,400.00 AUD
Jan 1, 2019
1.05 M AUD
264,500.00 AUD
264,500.00 AUD
Jan 1, 2020
0.00 AUD
-893,600.00 AUD
-171,600.00 AUD
Jan 1, 2021
0.00 AUD
-1.47 M AUD
-7.58 M AUD
Jan 1, 2022
128,900.00 AUD
-2.01 M AUD
-17.26 M AUD
Jan 1, 2023
538,900.00 AUD
-4.73 M AUD
-4.19 M AUD
Jan 1, 2024
792,300.00 AUD
-2.56 M AUD
-1.76 M AUD
Jan 1, 2025
0.00 AUD
-3.27 M AUD
-4.25 M AUD

Equatorial Resources Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jul 31, 2026, 11:55 AM
 
REVENUEM AUD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEk AUD
EBITM AUD
EBIT MARGIN%
NET INCOMEM AUD
NET INCOME GROWTH%
SHARESM
2010201120122013201420152016201720182019202020212022202320242025
1.003.003.001.001.001.001.001.001.00
200.00-66.67
-100.00-33.33-33.33-100.00-100.00-100.00-100.00-100.00-100.00
-1,000.00-1,000.00-1,000.00-1,000.00-1,000.00-1,000.00-1,000.00-1,000.00-1,000.00-1,000.00-1,000.00-1,000.00-1,000.00-1,000.00-1,000.00-1,000.00
-1.00-8.00-34.00-32.00-13.00-3.00-1.00-1.00-2.00-4.00-2.00-3.00
-800.00-1,133.33-1,066.67-1,300.00-300.00-100.00
-1.00-6.00-7.00-32.00-13.00-3.00-1.00-7.00-17.00-4.00-1.00-4.00
-94.74500.0016.67357.14-59.38-76.92142.86-76.47-75.00300.00
33.5580.43112.68118.21122.10123.49124.45124.45124.45124.45124.45124.54124.45124.45130.95131.45
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Equatorial Resources generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Equatorial Resources retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Equatorial Resources's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Equatorial Resources has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Equatorial Resources's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Equatorial Resources stock margins

The Equatorial Resources margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Equatorial Resources. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Equatorial Resources.
  • 3 Years

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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2018
100.00 %
-5.17 %
-5.14 %
Jan 1, 2019
100.00 %
25.08 %
25.08 %
Jan 1, 2020
100.00 %
- %
- %
Jan 1, 2021
100.00 %
- %
- %
Jan 1, 2022
100.00 %
-1,556.63 %
-13,391.00 %
Jan 1, 2023
100.00 %
-877.38 %
-777.77 %
Jan 1, 2024
100.00 %
-322.72 %
-222.38 %
Jan 1, 2025
100.00 %
- %
- %

Equatorial Resources Stock Revenue, EBIT, Earnings per Share

The Equatorial Resources earnings per share therefore indicates how much revenue Equatorial Resources has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2018
0.01 AUD
-0.00 AUD
-0.00 AUD
Jan 1, 2019
0.01 AUD
0.00 AUD
0.00 AUD
Jan 1, 2020
0.00 AUD
-0.01 AUD
-0.00 AUD
Jan 1, 2021
0.00 AUD
-0.01 AUD
-0.06 AUD
Jan 1, 2022
0.00 AUD
-0.02 AUD
-0.14 AUD
Jan 1, 2023
0.00 AUD
-0.04 AUD
-0.03 AUD
Jan 1, 2024
0.01 AUD
-0.02 AUD
-0.01 AUD
Jan 1, 2025
0.00 AUD
-0.02 AUD
-0.03 AUD

Equatorial Resources business model & stock analysis

Equatorial Resources Ltd is an Australian company operating in the natural resources industry. The company was founded in 2005 and is headquartered in Perth, Western Australia. It is listed on the Australian stock exchange and has a market capitalization of approximately AUD 21 million. Business model Equatorial Resources Ltd's business model is based on the exploration and development of iron ore deposits in Africa. The company specializes in the Republic of Congo (ROC) region and holds several exploration licenses there. History Equatorial Resources Ltd began in 2005 when it was founded to search for iron ore deposits in the Republic of Congo (ROC). Over the years, the company has invested heavily in exploration and development and was able to present an initial resource estimate in 2009. Since then, the company has been working on a feasibility study, which was completed in 2019. The company is currently in the planning phase for the construction of a mine in the ROC. Divisions Equatorial Resources Ltd is divided into several divisions or projects, each involving different iron ore deposits. The main ones are: Mayoko-Moussondji Project: This project covers an area of over 1,000 square kilometers and is located in the northern part of the ROC. Here, the company has discovered high-grade iron ore deposits suitable for mining. The resource estimate for the project is 64.5 million tonnes. Badondo Project: This project is located in the southern part of the ROC and covers an area of almost 1,300 square kilometers. The company has not yet conducted a resource estimate for this project, but there are indications of significant iron ore deposits. Nabeba Project: This project covers an area of over 900 square kilometers and is located in the northwest of the ROC. Here, the company has discovered high-grade iron ore deposits suitable for mining. The resource estimate for the project is 426 million tonnes. Products The main products of Equatorial Resources Ltd are iron ore suitable for mining. These are found in various projects in the ROC and have the potential to be used in the production of steel. In summary, Equatorial Resources Ltd is an Australian natural resources company specialized in the exploration and development of iron ore deposits in the Republic of Congo. The company has several projects in different parts of the ROC and is currently working on the planning and implementation of a mine. The company's main products are iron ore suitable for the production of steel.

Equatorial Resources SWOT Analysis

Strengths

Equatorial Resources Ltd possesses several strengths that contribute to its competitive advantage in the market. These include:

  • Strong financial position and stable revenue streams
  • Extensive experience and expertise in the industry
  • Robust portfolio of high-quality mineral assets
  • Strong relationships with key stakeholders and industry partners
  • Effective cost management and operational efficiency

Weaknesses

Despite its strengths, Equatorial Resources Ltd also faces certain weaknesses that may hinder its growth and competitiveness. These weaknesses include:

  • Reliance on a limited number of customers for a significant portion of revenue
  • Vulnerability to fluctuations in commodity prices
  • Geographical concentration of operations
  • Dependency on third-party infrastructure and logistics
  • Limitations in technological capabilities

Opportunities

Equatorial Resources Ltd can capitalize on various opportunities in the market to drive growth and expand its market share. These opportunities include:

  • Increasing global demand for minerals and resources
  • Exploration and development of untapped mineral reserves
  • Expansion into emerging markets with high growth potential
  • Strategic partnerships and acquisitions to enhance market presence
  • Adoption of advanced technologies for improved operational efficiency

Threats

Equatorial Resources Ltd operates in a dynamic business environment that presents various threats and challenges. These threats include:

  • Intense competition from other mineral resource companies
  • Regulatory constraints and government policies affecting the industry
  • Environmental and sustainability concerns
  • Geopolitical risks and economic instability in key markets
  • Volatility in currency exchange rates

Equatorial Resources Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Equatorial Resources historical P/E ratio, EBIT multiple, and P/S ratio

Equatorial Resources annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Equatorial Resources shares outstanding

The number of shares of Equatorial Resources was 131.45 M in 2025. This indicates how many shares Equatorial Resources is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
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  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2018
124.45 M Stocks
Jan 1, 2019
124.45 M Stocks
Jan 1, 2020
124.45 M Stocks
Jan 1, 2021
124.54 M Stocks
Jan 1, 2022
124.45 M Stocks
Jan 1, 2023
124.45 M Stocks
Jan 1, 2024
130.95 M Stocks
Jan 1, 2025
131.45 M Stocks

Equatorial Resources stock splits

In Equatorial Resources's history, there have been no stock splits.
Price targets and forecasts for Equatorial Resources are not yet available.

Equatorial Resources shareholder structure

% Name
7.60498%
BlackRock Investment Management (UK) Ltd.
BlackRock Investment Management (UK) Ltd.
6.34630%
Johnson (Angus William)
Johnson (Angus William)
5.76898%
Savage (Mark Stuart)
Savage (Mark Stuart)
5.70579%
Welborn (John Paul)
Welborn (John Paul)
5.70579%
Middlemas (Ian Peter)
Middlemas (Ian Peter)
5.55539%
Croesus Mining Pty. Ltd.
Croesus Mining Pty. Ltd.

Equatorial Resources Executives and Management Board

JW

Mr. John Welborn

Non-Executive Director · since 2010

Compensation702,381.00 AUD
IM

Mr. Ian Middlemas

(60)

Non-Executive Chairman of the Board

Compensation55,000.00 AUD
RB

Mr. Robert Behets

Non-Executive Director

Compensation33,000.00 AUD
GS

Mr. Gregory Swan

(41)

Company Secretary

Compensation25,000.00 AUD
MP

Mr. Mark Pearce

Non-Executive Director · since 2009

Compensation22,000.00 AUD

Equatorial Resources Supply Chain

Equatorial Resources Supply Chain

Correlation: how closely stock prices move together

Same directionNo relationOpposite
2 companies
#Name1M3M6M1Y2YTrend
1
Salt Lake Potash
Supplier
-0.25
-0.69
-0.13
0.57
2
-0.50
-0.36
-0.46
-0.81

Frequently asked questions about Equatorial Resources

The business model of Equatorial Resources Ltd focuses on the exploration, development, and production of mineral resources. Equatorial Resources Ltd primarily operates in the Republic of Congo, where it holds substantial iron ore assets. The company aims to extract and process iron ore for export markets, supplying the raw material to steel producers globally. Equatorial Resources Ltd leverages its geological expertise, technological capabilities, and strategic partnerships to identify and develop high-quality iron ore deposits in the Republic of Congo. Through its business model, the company aims to contribute to the sustainable development of the mining sector while maximizing shareholder value.