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MRG MetalsASX:MRQ Stock Report

Market Cap







22 Oct, 2021


Company Financials
MRQ fundamental analysis
Snowflake Score
Future Growth0/6
Past Performance0/6
Financial Health5/6

MRQ Overview

MRG Metals Ltd, together with its subsidiaries, engages in the exploration and development of heavy mineral sands in Mozambique.

Price History & Performance

Summary of all time highs, changes and price drops for MRG Metals
Historical stock prices
Current Share PriceAU$0.012
52 Week HighAU$0.006
52 Week LowAU$0.018
1 Month Change9.09%
3 Month Change33.33%
1 Year Change33.33%
3 Year Change200.00%
5 Year Change-25.00%
Change since IPO-94.29%

Recent News & Updates

Shareholder Returns

MRQAU Metals and MiningAU 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.

Price Volatility

Is MRQ's price volatile compared to industry and market?
MRQ volatility
MRQ Beta1.22
Industry Beta0.97
Market Beta1

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

How do MRG Metals's earnings and revenue compare to its market cap?
MRQ fundamental statistics
Market CapAU$16.95m
Earnings (TTM)-AU$665.66k
Revenue (TTM)AU$981.00


P/S Ratio


P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MRQ income statement (TTM)
Cost of RevenueAU$0
Gross ProfitAU$981.00

Last Reported Earnings

Jun 30, 2021

Next Earnings Date


Earnings per share (EPS)-0.00043
Gross Margin100.00%
Net Profit Margin-67,855.25%
Debt/Equity Ratio0.0%

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).

Future Growth

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.

Past Performance

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.

Financial Health

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.

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: 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.

Next Steps


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.

Board Members

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

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 14.1%.

Top Shareholders

Company Information

MRG Metals Ltd's employee growth, exchange listings and data sources

Key Information

  • 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:


  • MRG Metals Ltd
  • 12 Anderson Street West
  • Ballarat
  • Victoria
  • 3350
  • Australia


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/22 07:05
End of Day Share Price2021/10/22 00:00
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.