Alkane Resources Ltd (ASX: ALK) Share Price and News

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Alkane Resources Ltd Chart and Price Data

Fundamentals Data provided by Morningstar.

Data provided by Morningstar.
Market Cap $343.99 million
P/E Ratio 11.54
Dividend Yield 0.00%
Shares Outstanding 603.49 million
Earnings per share 0.049
Dividend per share N/A
Year To Date Return -12.98%
Earnings Yield 8.67%
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as at 24 Feb 3:44pm

  • Alkane Resources Ltd (ASX: ALK)
    Latest News

    A group of business people dance around the office looking very happy.
    Share Gainers

    Can you guess the top 3 performing All Ordinaries shares in the first week of trade?

    All three suffered heavy losses in 2022. Could some bargain hunting be in play?

    Read more »

    A woman with strawberry blonde hair has a huge smile on her face and fist pumps the air having seen good news on her phone.
    Share Gainers

    Why Alkane, Appen, Warrego Energy, and Zip shares are racing higher today

    These ASX shares are on form on Thursday...

    Read more »

    a woman in a business suit holds a large solid gold bar in both hands with a superimposed image of a gagged gold line tracking upwards and featuring a swooping curved arrow pointing upwards.
    Gold

    Can you guess which ASX gold share is surging 15% on Thursday?

    The gold price has been marching higher since the early November lows.

    Read more »

    A man clenches his fists in excitement as gold coins fall from the sky.
    Share Gainers

    Why Alkane Resources, Block, Bubs, and Telix shares are storming higher

    These ASX shares are on fire on Monday...

    Read more »

    Green arrow going up on a stock market chart, symbolising a rising share price.
    Share Gainers

    Why Alkane, Chalice Mining, PointsBet, and Qantas shares are rising today

    These ASX shares have avoided the market selloff and are pushing higher...

    Read more »

    A woman in a business suit sits at her desk with gold bars in each hand while she kisses one bar with her eyes closed. Her desk has another three gold bars stacked in front of her. symbolising the rising Northern Star share price
    Gold

    Here's why ASX gold shares just had their best month in 2 years

    Gold prices rose sharply in February as investors sought out haven assets.

    Read more »

    share price gaining
    Share Gainers

    Why Alkane, De Grey, Nufarm, and St Barbara shares are pushing higher

    These ASX shares are on form on Friday...

    Read more »

    A woman in a business suit sits at her desk with gold bars in each hand while she kisses one bar with her eyes closed. Her desk has another three gold bars stacked in front of her. symbolising the rising Northern Star share price
    Resources Shares

    Here's why the Alkane Resources (ASX:ALK) share price rocketed 24% today

    This ASX minerals explorer is going for gold and copper.

    Read more »

    A shocked man sits at his desk looking at his laptop while talking on his mobile phone with declining arrows in the background representing falling ASX 200 shares today
    Share Fallers

    Why Alkane, Carsales, Platinum, & Stockland shares are tumbling lower

    These ASX shares are under pressure on Tuesday...

    Read more »

    A businessman points to and arrow going up on a graph, indicating a share price rise for an ASX company
    Share Gainers

    Why Alkane, Audinate, Megaport, & Zip shares are rising today

    These ASX shares are performing strongly today...

    Read more »

    Miner puts thumbs up in front of gold mine quarry
    Gold

    Why the Alkane Resources (ASX:ALK) share price is moving higher

    With inflation concerns returning, gold has been on the rise again

    Read more »

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    ⏸️ ASX Shares

    These are the 10 most shorted shares on the ASX

    Webjet Limited (ASX:WEB) and Zip Co Ltd (ASX:Z1P) shares are among the most shorted shares on the ASX this week...

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    Frequently Asked Questions

    No, Alkane Resources does not pay dividends at this time.

    Alkane Resources Ltd listed on the ASX on 7 October 1980.

    ALK ASX Announcements

    An announcement is considered as "Price Sensitive" if it is thought that it may have an impact on the price of the security.

    DateAnnouncementPrice Sensitive?TimeNo. of PagesFile Size
    YesNo

    About Alkane Resources Ltd

    Alkane Resources Ltd (ASX: ALK) is a gold exploration and production company. It owns and operates Tomingley Gold Operations, an open pit and underground gold mining development, near Dubbo in central west New South Wales. The Tomingley project has an expected mine life until at least the end of 2032. Alkane also holds several prospective gold and copper tenements in the region, including the Boda deposit near Wellington, NSW. 

    ALK Share Price History Data provided by Morningstar.

    Data provided by Morningstar.
    Date Close Change % Change Volume Open High Low
    21 Jun 2024 $0.57 $0.03 5.61% 2,231,524 $0.54 $0.57 $0.53
    20 Jun 2024 $0.54 $0.02 3.85% 660,401 $0.53 $0.55 $0.52
    19 Jun 2024 $0.52 $-0.02 -3.74% 235,254 $0.53 $0.53 $0.52
    18 Jun 2024 $0.54 $0.04 8.08% 1,350,006 $0.50 $0.54 $0.49
    17 Jun 2024 $0.50 $-0.01 -2.00% 775,942 $0.50 $0.51 $0.50
    14 Jun 2024 $0.50 $-0.02 -3.88% 824,653 $0.51 $0.53 $0.50
    13 Jun 2024 $0.52 $-0.01 -1.92% 750,715 $0.52 $0.52 $0.50
    12 Jun 2024 $0.52 $-0.02 -3.70% 677,888 $0.53 $0.54 $0.52
    11 Jun 2024 $0.54 $-0.02 -3.57% 2,191,460 $0.55 $0.57 $0.53
    07 Jun 2024 $0.56 $0.01 1.80% 405,935 $0.56 $0.58 $0.56
    06 Jun 2024 $0.56 $0.02 3.70% 469,772 $0.55 $0.56 $0.55
    05 Jun 2024 $0.54 $0.01 1.87% 644,184 $0.54 $0.55 $0.53
    04 Jun 2024 $0.54 $-0.02 -3.60% 1,418,318 $0.56 $0.57 $0.54
    03 Jun 2024 $0.56 $-0.01 -1.79% 421,286 $0.57 $0.57 $0.55
    31 May 2024 $0.56 $0.01 1.80% 418,318 $0.57 $0.58 $0.56
    30 May 2024 $0.56 $-0.01 -1.77% 869,785 $0.57 $0.57 $0.55
    29 May 2024 $0.57 $0.00 0.00% 1,017,983 $0.57 $0.58 $0.57
    28 May 2024 $0.57 $-0.01 -1.74% 939,140 $0.58 $0.58 $0.56
    27 May 2024 $0.58 $0.01 1.75% 876,576 $0.58 $0.58 $0.56
    24 May 2024 $0.57 $-0.02 -3.42% 868,204 $0.57 $0.59 $0.56
    23 May 2024 $0.59 $-0.04 -6.40% 1,033,926 $0.60 $0.60 $0.59

    Director Transactions Data provided by Morningstar.

    Data provided by Morningstar.
    Date Director Type Amount Value Notes
    17 Jan 2024 Ian Gandel Sell 8,695,653 $5,000,000
    On-market trade.
    28 Nov 2023 David Chalmers Exercise 104,070 $67,125
    Conversion of securities. 4,49,483 Rights
    28 Nov 2023 David Chalmers Buy 104,070 $67,125
    Conversion of securities.
    28 Nov 2023 David Chalmers Issued 391,172 $252,305
    Issue of securities. 8,40,655 Rights
    28 Nov 2023 Nicholas (Nic) Earner Buy 306,735 $197,844
    Conversion of securities.
    28 Nov 2023 Nicholas (Nic) Earner Issued 1,505,758 $971,213
    Issue of securities. 34,19,370 Rights
    28 Nov 2023 Nicholas (Nic) Earner Exercise 306,735 $197,844
    Conversion of securities. 19,13,612 Rights
    31 Oct 2023 David Chalmers Cancelled 174,903 $104,067
    Cancellation of securities.
    31 Oct 2023 Nicholas (Nic) Earner Cancelled 687,346 $408,970
    Cancellation of securities.

    Directors & Management Data provided by Morningstar.

    Data provided by Morningstar.
    Name Title Start Date Profile
    Mr David Ian Chalmers Technical Director Oct 2006
    Mr Chalmers has worked in the mining and exploration industry for over 50 years, during which time he has had experience in all facets of exploration and mining through feasibility and development to the production phase. Mr Chalmers was Technical Director of Alkane until his appointment as Managing Director in 2006, overseeing the group's minerals exploration efforts across Australia and the development and operations of the Peak Hill Gold Mine (NSW). During his time as Chief Executive he steered Alkane through the discovery, feasibility, construction and development of the now fully operational Tomingley Gold Operations; the discovery and ultimate sale of the McPhillamys gold deposit; the evaluation, recovery flowsheet, marketing and feasibility for the Dubbo Project, advancing the project towards development; and the recent discovery of the gold deposits immediately south of Tomingley and the porphyry gold-copper discovery at Boda.
    Mr Ian Jeffrey Gandel Non-Executive DirectorNon-Executive Chairman Jul 2006
    Mr Gandel is a Melbourne-based businessman with experience in retail management and retail property. He has been a director of the Gandel Retail Trust and has had an involvement in the construction and leasing of Gandel shopping centres. He has previously been involved in the Priceline retail chain and the CEO chain of serviced offices. Through his private investment vehicles, Mr Gandel has been an investor in the mining industry since 1994. Mr Gandel is currently a substantial holder in a number of publicly listed Australian companies and, through his private investment vehicles, now holds and explores tenements in his own right in South Australia and Western Australia. Mr Gandel is also the non-executive chair of Australian Strategic Materials Ltd.
    Mr Anthony (Tony) Dean Lethlean Non-Executive Director May 2002
    Mr Lethlean has over ten years' mining experience, including four years underground on the Golden Mile in Kalgoorlie. In later years, he has worked as a resource analyst with various stockbrokers and investment banks including CIBC World Markets. He was a founding director of Helmsec Global Capital Limited, which seeded, listed and funded a number of companies in a range of commodities. He retired from the Helmsec group in 2014. He is also a director of corporate advisory Rawson Lewis and a non-executive director of Alliance Resources Ltd. He is Chair of Risk Committee.
    Mr Gavin Murray Smith Non-Executive Director Nov 2017
    Mr Smith has more than 35 years' experience in Information Technology, Business Development, and General Management in a range of industries and sectors. Mr Smith has worked for the Bosch group for the past 33 years in Australia and Germany and is current Chair and President of Robert Bosch Australia. In this role Mr Smith has led the restructuring and transformation of the local Bosch subsidiary. Concurrent with this role, he is a non-executive director of the various Bosch subsidiaries, joint ventures, and direct investment companies in Australia and New Zealand.
    Mr Nicholas (Nic) Paul Earner Managing Director Sep 2017
    Mr Earner has over 25 years' experience in technical and operational optimisation and management and has held a number of executive roles in mining and processing. Mr Earner joined Alkane Resources Ltd as Chief Operations Officer in August 2013 with responsibility for the management of the company's operations at Tomingley Gold Operations and Dubbo .Under his supervision, the development of TGO transitioned to profitable and efficient operations. His guidance also drove the engineering and metallurgical aspects of the Dubbo Project, prior to its transition into the separately listed Australian Strategic Materials. Prior to his appointment as the group's Chief Operations Officer in August 2013 he had roles at Straits Resources Ltd, Rio Tinto Coal Australia's Mount Thorley Warkworth coal mine and BHP/WMC Olympic Dam copper-uranium gold operations. Mr Earner is currently a non-executive director of Australian Strategic Materials Limited. Mr Earner has been a director of Genesis Minerals Limited in the last three years
    Mr Dennis William Wilkins Company Secretary Mar 2018
    -
    Mr James Carter Chief Financial OfficerJoint Company Secretary May 2020
    -
    James Carter Chief Financial OfficerJoint Company Secretary
    -
    Dennis William Wilkins Company Secretary
    -
    S Parsons Executive General Manager-Operations
    -

    Top Shareholders Data provided by Morningstar.

    Data provided by Morningstar.
    Name Shares Capital
    Hsbc Custody Nominees (Australia) Limited 58,637,362 9.75%
    Abbotsleigh Pty Ltd 48,927,758 8.13%
    Citicorp Nominees Pty Limited 41,316,951 6.87%
    J P Morgan Nominees Australia Pty Limited 25,142,312 4.18%
    Lilycreek Pty Ltd <The Lilycreek A/C> 16,466,667 2.74%
    Magnabay Pty Ltd <The Magnabay A/C> 16,466,667 2.74%
    Auburnvalley Pty Ltd<The Auburnvalley A/C> 16,466,666 2.74%
    Ilg Estate Co 3 Pty Ltd 13,311,748 2.21%
    Ilg Estate Co 4 Pty Ltd 13,311,747 2.21%
    Ilg Estate Co 1 Pty Ltd 13,311,747 2.21%
    Ilg Estate Co 2 Pty Ltd 13,311,747 2.21%
    Abbotsleigh Pty Ltd<Abbotsleigh S/F A/C> 8,600,000 1.43%
    Bnp Paribas Nominees Pty Ltd Acf Clearstream 5,915,265 0.98%
    Bnp Paribas Nominees Pty Ltd <Ib Au Noms Retailclient Drp> 5,698,214 0.95%
    Bnp Paribas Noms Pty Ltd <Drp> 5,589,857 0.93%
    Leefab Pty Ltd 5,456,648 0.91%
    Garrett Smythe Ltd 5,246,125 0.87%
    Gardenway Proprietary Limited <The Gardenway A/C> 5,180,918 0.86%
    Ed-Ne Pty Ltd <Earnerdavies Family A/C> 5,041,715 0.84%
    Abbotsleigh Pty Ltd II 5,000,000 0.83%
    Fyvie Pty Ltd <Uthmeyer Family No 2 A/C> 4,068,513 0.68%
    Home Ideas Show Pty Ltd <UB Promotions S P Fund A/C> 3,535,000 0.59%
    SMAAS Ventures 2 Pty Ltd 3,131,522 0.52%

    Profile

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