Mindax (ASX:MDX) - Stock Price, News & Analysis

MDX Stock Overview

Engages in the exploration and development of mineral properties in Australia. More details

MDX fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	0/6
Financial Health	3/6
Dividends	0/6

Risk Analysis

Makes less than USD$1m in revenue (A$3K)

Has less than 1 year of cash runway

Earnings have declined by 13.2% per year over past 5 years

Significant insider selling over the past 3 months

+ 1 more risk

Mindax Limited Competitors

Titan Minerals

ASX:TTM

AU$84.1m

Wiluna Mining

ASX:WMC

AU$74.2m

Beacon Minerals

ASX:BCN

AU$82.6m

Horizon Gold

ASX:HRN

AU$70.2m

Price History & Performance

Summary of all time highs, changes and price drops for Mindax
Historical stock prices
Current Share Price	AU$0.046
52 Week High	AU$0.062
52 Week Low	AU$0.026
Beta	4.04
11 Month Change	21.05%
3 Month Change	-17.86%
1 Year Change	-4.17%
33 Year Change	-4.17%
5 Year Change	n/a
Change since IPO	-77.00%

Recent updates

Shareholder Returns

	MDX	AU Metals and Mining	AU Market
7D	15.0%	-0.9%	1.5%
1Y	-4.2%	-12.8%	17.2%

Return vs Industry: MDX exceeded the Australian Metals and Mining industry which returned -12.4% over the past year.

Return vs Market: MDX underperformed the Australian Market which returned 17.7% over the past year.

Price Volatility

Is MDX's price volatile compared to industry and market?
MDX volatility
MDX Average Weekly Movement	11.9%
Metals and Mining Industry Average Movement	10.9%
Market Average Movement	8.6%
10% most volatile stocks in AU Market	17.3%
10% least volatile stocks in AU Market	3.4%

Stable Share Price: MDX has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: MDX's weekly volatility (12%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2003	n/a	Benjamin Chow	mindax.com.au

Mindax Limited engages in the exploration and development of mineral properties in Australia. The company operates in two segments, Gold and Iron Ore. Its flagship property is the 65% owned Mt Forrest Iron project, including seven mining leases covering an area of approximately 53 square kilometers situated in the Yilgarn province of Western Australia's Mid-West region.

Mindax Limited Fundamentals Summary

How do Mindax's earnings and revenue compare to its market cap?
MDX fundamental statistics
Market cap	AU$94.24m
Earnings (TTM)	-AU$2.28m
Revenue (TTM)	AU$2.99k

Over9,999x

P/S Ratio

-41.3x

P/E Ratio

Is MDX overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MDX income statement (TTM)
Revenue	AU$2.99k
Cost of Revenue	AU$0
Gross Profit	AU$2.99k
Other Expenses	AU$2.29m
Earnings	-AU$2.28m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.0011
Gross Margin	100.00%
Net Profit Margin	-76,224.48%
Debt/Equity Ratio	0%

How did MDX perform over the long term?

See historical performance and comparison

Mindax ASX:MDX Stock Report