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MRD

Mount Ridley MinesASX:MRD Stock Report

Market Cap

AU$39.2m

7D

0%

1Y

133.3%

Updated

18 Oct, 2021

Data

Company Financials
MRD fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

MRD Overview

Mount Ridley Mines Limited engages in the exploration of mineral properties in Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Mount Ridley Mines
Historical stock prices
Current Share PriceAU$0.007
52 Week HighAU$0.002
52 Week LowAU$0.009
Beta1.54
1 Month Change16.67%
3 Month Change100.00%
1 Year Change133.33%
3 Year Change133.41%
5 Year Change-36.36%
Change since IPO-99.51%

Recent News & Updates

Shareholder Returns

MRDAU Metals and MiningAU Market
7D0%4.3%0.9%
1Y133.3%12.2%20.2%

Return vs Industry: MRD exceeded the Australian Metals and Mining industry which returned 12.2% over the past year.

Return vs Market: MRD exceeded the Australian Market which returned 20.2% over the past year.

Price Volatility

Is MRD's price volatile compared to industry and market?
MRD volatility
MRD Beta1.54
Industry Beta0.97
Market Beta1

Stable Share Price: MRD is more volatile than 90% of Australian stocks over the past 3 months, typically moving +/- 31% a week.

Volatility Over Time: MRD's weekly volatility (31%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
2000n/an/ahttps://mtridleymines.com.au

Mount Ridley Mines Limited engages in the exploration of mineral properties in Australia. The company explores for base and precious metal deposits, such as nickel, iron, copper, rare earth elements, and gold. It primarily holds 100% interests in the Mount Ridley project that includes 8 granted exploration licenses and 1 exploration license application covering an area of approximately 3,400 square kilometers located to the north east of the port of Esperance; and the Weld Range West project that consists of 3 granted exploration licenses covering an area of approximately 52 square kilometers situated to the west of the township of Cue.

Mount Ridley Mines Fundamentals Summary

How do Mount Ridley Mines's earnings and revenue compare to its market cap?
MRD fundamental statistics
Market CapAU$39.23m
Earnings (TTM)-AU$1.07m
Revenue (TTM)AU$6.30k

0x

P/S Ratio

-36.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MRD income statement (TTM)
RevenueAU$6.30k
Cost of RevenueAU$0
Gross ProfitAU$6.30k
ExpensesAU$1.07m
Earnings-AU$1.07m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.00019
Gross Margin100.00%
Net Profit Margin-16,956.51%
Debt/Equity Ratio0.0%

How did MRD perform over the long term?

See historical performance and comparison

Valuation

Is Mount Ridley Mines undervalued compared to its fair value and its price relative to the market?

7.14x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate MRD's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate MRD's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: MRD is unprofitable, so we can't compare its PE Ratio to the Australian Metals and Mining industry average.

PE vs Market: MRD is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MRD's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MRD is overvalued based on its PB Ratio (7.1x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

How is Mount Ridley Mines forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-0.3%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Mount Ridley Mines has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Mount Ridley Mines performed over the past 5 years?

43.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MRD is currently unprofitable.

Growing Profit Margin: MRD is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MRD is unprofitable, but has reduced losses over the past 5 years at a rate of 43% per year.

Accelerating Growth: Unable to compare MRD's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MRD is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (35.3%).


Return on Equity

High ROE: MRD has a negative Return on Equity (-17.02%), as it is currently unprofitable.


Financial Health

How is Mount Ridley Mines's financial position?


Financial Position Analysis

Short Term Liabilities: MRD's short term assets (A$4.0M) exceed its short term liabilities (A$384.2K).

Long Term Liabilities: MRD has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: MRD is debt free.

Reducing Debt: MRD had no debt 5 years ago.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: MRD has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: MRD has sufficient cash runway for 2 years if free cash flow continues to grow at historical rates of 23% each year.


Dividend

What is Mount Ridley Mines's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate MRD's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate MRD's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MRD's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MRD's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MRD's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.5yrs

Average board tenure


CEO

Mount Ridley Mines has no CEO, or we have no data on them.


Board Members

Experienced Board: MRD's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 108.9%.


Top Shareholders

Company Information

Mount Ridley Mines Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Mount Ridley Mines Limited
  • Ticker: MRD
  • Exchange: ASX
  • Founded: 2000
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$39.230m
  • Shares outstanding: 5.60b
  • Website: https://mtridleymines.com.au

Location

  • Mount Ridley Mines Limited
  • 168 Stirling Highway
  • Ground Floor
  • Nedlands
  • Western Australia
  • 6009
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/18 07:04
End of Day Share Price2021/10/18 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.