Mount Ridley Mines Limited engages in the exploration of mineral properties in Australia.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.007|
|52 Week High||AU$0.002|
|52 Week Low||AU$0.009|
|1 Month Change||16.67%|
|3 Month Change||100.00%|
|1 Year Change||133.33%|
|3 Year Change||133.41%|
|5 Year Change||-36.36%|
|Change since IPO||-99.51%|
Recent News & Updates
|MRD||AU Metals and Mining||AU Market|
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.
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
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
|MRD fundamental statistics|
Is MRD overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MRD income statement (TTM)|
|Cost of Revenue||AU$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.00019|
|Net Profit Margin||-16,956.51%|
How did MRD perform over the long term?See historical performance and comparison
Is Mount Ridley Mines undervalued compared to its fair value and its price relative to the market?
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).
How is Mount Ridley Mines forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
How has Mount Ridley Mines performed over the past 5 years?
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.
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.
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.
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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Mount Ridley Mines has no CEO, or we have no data on them.
Experienced Board: MRD's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 108.9%.
Mount Ridley Mines Limited's employee growth, exchange listings and data sources
- 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
- Mount Ridley Mines Limited
- 168 Stirling Highway
- Ground Floor
- Western Australia
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/18 07:04|
|End of Day Share Price||2021/10/18 00:00|
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.