Mount Ridley Mines (ASX:MRD) - Share price, News & Analysis

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

MRD Stock Overview

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

Risk Analysis

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

Volatile share price over the past 3 months

Shareholders have been diluted in the past year

Does not have a meaningful market cap (A$46M)

Mount Ridley Mines Peers

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AU$42.8m

Apollo Minerals

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AU$36.8m

Estrella Resources

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AU$27.6m

Havilah Resources

ASX:HAV

AU$85.2m

Price History & Performance

Summary of all time highs, changes and price drops for Mount Ridley Mines
Historical stock prices
Current Share Price	AU$0.008
52 Week High	AU$0.011
52 Week Low	AU$0.002
Beta	1.47
1 Month Change	-15.79%
3 Month Change	0%
1 Year Change	33.33%
3 Year Change	700.00%
5 Year Change	-38.46%
Change since IPO	-99.44%

Shareholder Returns

	MRD	AU Metals and Mining	AU Market
7D	14.3%	5.5%	3.5%
1Y	33.3%	3.0%	2.1%

Return vs Industry: MRD exceeded the Australian Metals and Mining industry which returned 3% over the past year.

Return vs Market: MRD exceeded the Australian Market which returned 2.1% over the past year.

Price Volatility

Is MRD's price volatile compared to industry and market?
MRD volatility
MRD Average Weekly Movement	16.6%
Metals and Mining Industry Average Movement	11.2%
Market Average Movement	9.5%
10% most volatile stocks in AU Market	16.7%
10% least volatile stocks in AU Market	4.3%

Stable Share Price: MRD is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 17% a week.

Volatility Over Time: MRD's weekly volatility has decreased from 27% to 17% over the past year, but is still higher than 75% of Australian stocks.

About the Company

Founded	Employees	CEO	Website
2000	n/a	n/a	https://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 Cap	AU$46.29m
Earnings (TTM)	-AU$1.71m
Revenue (TTM)	AU$1.44k

0.0x

P/S Ratio

-27.6x

P/E Ratio

Is MRD overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
MRD income statement (TTM)
Revenue	AU$1.44k
Cost of Revenue	AU$0
Gross Profit	AU$1.44k
Other Expenses	AU$1.71m
Earnings	-AU$1.71m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	-0.00029
Gross Margin	100.00%
Net Profit Margin	-119,173.66%
Debt/Equity Ratio	0.0%

How did MRD perform over the long term?

See historical performance and comparison

New valuation analysis is now available for all ASX stocks. This is in beta.

Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

-6.9%

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?

Past Performance Score

0/6

Past Performance Score 0/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

30.9%

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 30.9% 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 (57.8%).

Return on Equity

High ROE: MRD has a negative Return on Equity (-18.82%), as it is currently unprofitable.

Financial Health

How is Mount Ridley Mines's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: MRD's short term assets (A$6.6M) exceed its short term liabilities (A$133.5K).

Long Term Liabilities: MRD has no long term liabilities.

Debt to Equity History and Analysis

Debt Level: MRD is debt free.

Reducing Debt: MRD has not had any debt for past 5 years.

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 1.8 years if free cash flow continues to grow at historical rates of 12.9% each year.

Dividend

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

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

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.

Earnings Payout to Shareholders

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

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as MRD has not reported any payouts.

Discover strong dividend paying companies

Management

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

3.1yrs

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 considered experienced (3.1 years average tenure).

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 diluted in the past year, with total shares outstanding growing by 33.5%.

Data	Last Updated (UTC time)
Company Analysis	2022/05/19 00:00
End of Day Share Price	2022/05/19 00:00
Earnings	2021/12/31
Annual Earnings	2021/06/30