MRG Metals Ltd, together with its subsidiaries, engages in the exploration and development of heavy mineral sands in Mozambique.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.012|
|52 Week High||AU$0.006|
|52 Week Low||AU$0.018|
|1 Month Change||9.09%|
|3 Month Change||33.33%|
|1 Year Change||33.33%|
|3 Year Change||200.00%|
|5 Year Change||-25.00%|
|Change since IPO||-94.29%|
Recent News & Updates
|MRQ||AU Metals and Mining||AU Market|
Return vs Industry: MRQ exceeded the Australian Metals and Mining industry which returned 12.5% over the past year.
Return vs Market: MRQ exceeded the Australian Market which returned 21.4% over the past year.
Stable Share Price: MRQ is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 15% a week.
Volatility Over Time: MRQ's weekly volatility (15%) has been stable over the past year, but is still higher than 75% of Australian stocks.
About the Company
MRG Metals Ltd, together with its subsidiaries, engages in the exploration and development of heavy mineral sands in Mozambique. The company holds interests in Heavy Mineral Sands projects comprising the Corridor Central tenement covering 179 square kilometers and Corridor South tenement covering 208 square kilometers; the Linhuane Project that consists of 113 square kilometers; and the Marao and Marruca projects comprising approximately 385 square kilometers located in Mozambique. MRG Metals Ltd was incorporated in 2011 and is based in Ballarat, Australia.
MRG Metals Fundamentals Summary
|MRQ fundamental statistics|
Is MRQ overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MRQ income statement (TTM)|
|Cost of Revenue||AU$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.00043|
|Net Profit Margin||-67,855.25%|
How did MRQ perform over the long term?See historical performance and comparison
Is MRG Metals 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 MRQ's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate MRQ's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: MRQ is unprofitable, so we can't compare its PE Ratio to the Australian Metals and Mining industry average.
PE vs Market: MRQ 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 MRQ's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MRQ is overvalued based on its PB Ratio (3.3x) compared to the AU Metals and Mining industry average (2.6x).
How is MRG Metals 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 MRG Metals 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 MRG Metals performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MRQ is currently unprofitable.
Growing Profit Margin: MRQ is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: MRQ is unprofitable, and losses have increased over the past 5 years at a rate of 5.1% per year.
Accelerating Growth: Unable to compare MRQ's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: MRQ 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: MRQ has a negative Return on Equity (-11.97%), as it is currently unprofitable.
How is MRG Metals's financial position?
Financial Position Analysis
Short Term Liabilities: MRQ's short term assets (A$1.8M) exceed its short term liabilities (A$127.0K).
Long Term Liabilities: MRQ has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: MRQ is debt free.
Reducing Debt: MRQ has not had any debt for past 5 years.
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: MRQ has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: MRQ has sufficient cash runway for 1.6 years if free cash flow continues to reduce at historical rates of 15% each year.
What is MRG Metals's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MRQ's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MRQ'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 MRQ's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MRQ'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 MRQ'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
MRG Metals has no CEO, or we have no data on them.
Experienced Board: MRQ's board of directors are considered experienced (8.2 years average tenure).
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 diluted in the past year, with total shares outstanding growing by 14.1%.
MRG Metals Ltd's employee growth, exchange listings and data sources
- Name: MRG Metals Ltd
- Ticker: MRQ
- Exchange: ASX
- Founded: 2011
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: AU$16.947m
- Shares outstanding: 1.54b
- Website: https://www.mrgmetals.com.au
- MRG Metals Ltd
- 12 Anderson Street West
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/22 07:05|
|End of Day Share Price||2021/10/22 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.