Alkane Resources Ltd
ALK.AXBasic MaterialsASXGold · Last scanned Jun 3, 2026
Scan Results
Daily timeframePart of the basic materials sector, Alkane Resources Ltd (ALK.AX) is listed under Gold. The $2.14B market capitalization puts ALK.AX squarely in mid-cap range for its industry. It explores for gold, copper, nickel, zinc, and silver deposits.
Market Cap
$2.14B
Beta
1.53
P/E (TTM)
17.39
P/E (Fwd)
6.43
EPS (TTM)
$0.09
EPS (Fwd)
$0.24
ROE
24.5%
ROA
15.4%
Cash
$327.8M
Total Debt
$22.1M
Free CF
$179.9M
52W Change
100.6%
Annual Financials
Cash vs Debt
With $327.8M in cash and $22.1M in debt, ALK.AX maintains more liquidity than leverage. This favorable balance sheet position can be an asset when capital markets become less accommodating. The company generates $179.9M in free cash flow annually, which funds everything from R&D to shareholder returns without needing external financing. Return on equity stands at 24.5%, which is strong for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. Return on assets of 15.4% further supports the picture of efficient asset utilization. Revenue has grown from $127.8M (2021) to $173.0M (2024), reflecting a 35% increase over the period.
A beta of 1.53 means ALK.AX is more volatile than average. Investors should be prepared for wider price swings relative to broader indices. With cash comfortably exceeding debt, ALK.AX has financial flexibility that may help navigate uncertain periods. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence Alkane Resources Ltd's trajectory.