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Company Profile

  • Business description

    Equatorial Resources Ltd is an iron ore exploration and development company. The company's iron ore projects are located in the Republic of Congo (ROC). The company focuses on advancing its existing mineral resource assets in Africa, as well as searching for new opportunities in the resources sector. It operates the Badondo Iron Project located in the northwest region of the Republic of Congo. Central & West Africa hosts a regional distribution of undeveloped world-class high-grade iron ore deposits. It is comprised of the same rock type and similar geological formation as the Carajas System in South America.

  • Contact

    28 The Esplanade
    Level 9, BGC Centre
    Perth WA 6000
    AUS

    T: +61 893226322

    https://www.equatorialresources.com.au

  • Sector

    Basic Materials

    Stock type

    Cyclical

  • Industry

    Steel

    Fiscal Year End

    30 June 2024

    Employees

    4

Stocks News & Analysis

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The shares remain undervalued as we anticipate higher sales from lower-cost mines driving improved margins. 
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Undervalued ASX opportunity

The market is pessimistic and downplaying earnings stabilization at the ASX listed financial services firm. 

Markets

Index
Last price
Change
% Change
All Ordinaries 7,946.10 50.20 0.64%
CAC 40 7,978.51 43.48 0.55%
DAX 40 18,496.79 23.50 0.13%
Dow JONES (US) 38,111.48 330.06 -0.86%
FTSE 100 8,231.05 47.98 0.59%
HKSE 18,391.38 161.19 0.88%
NASDAQ 16,737.08 183.50 -1.08%
Nikkei 225 38,475.23 421.10 1.11%
NZX 50 Index 11,867.29 310.08 2.68%
S&P 500 5,235.48 31.47 -0.60%
S&P/ASX 200 7,678.00 49.80 0.65%
SSE Composite Index 3,098.29 6.61 0.21%

Market Movers

Name
Last price
Change
% Change
Patriot Battery Metals Inc PMT 0.86 0.01 0.58%
Cooper Energy Ltd COE 0.23 0.01 -2.17%
Telstra Group Ltd TLS 3.45 0.01 0.29%
De Grey Mining Ltd DEG 1.14 0.06 5.09%
Pilbara Minerals Ltd PLS 3.75 0.05 -1.32%
Alumina Ltd AWC 1.90 0.08 4.55%
AMP Ltd AMP 1.05 0.02 -1.87%
Peninsula Energy Ltd PEN 0.12 0.00 -2.08%
Mirvac Group MGR 1.97 0.04 1.94%
Strike Energy Ltd STX 0.19 0.01 -3.75%