Advance Metals Limited (AVM.AX)
Advance Metals Limited operates in the Gold industry of the Basic Materials sector, headquartered in Mount Hawthorn, WA, AU. The stock last traded at $0.07, down 4.41% on the session, giving a market capitalisation of $31.1M. Its beta of 0.94 implies it has historically moved less than the broad market.
Advance Metals Limited (AML), an Australian-based entity, is primarily engaged in mineral exploration with interests spanning Canada, Australia, and the United States. In Canada, the company boasts a wholly-owned 8,824-acre Elko coking coal project, backed by three exploration licenses in British Columbia's Kootenay region. Its U.S. portfolio features the 2,340-acre Anderson Creek gold project and the 1,150-hectare Garnet Creek copper project, both situated in Idaho. Additionally, AML holds exploration permits for metallurgical coal in Oklahoma's Arkoma Basin. Diversifying its operations, the company also focuses on developing renewable hydroelectric projects across Australia and the broader South Pacific region. Formerly known as Pacific American Holdings Limited, the company rebranded to Advance Metals Limited in June 2022.
Advance Metals Limited is most often compared with the following Basic Materials names: