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MRR

MinRex ResourcesASX:MRR Stock Report

Market Cap

AU$10.5m

7D

0%

1Y

-30.8%

Updated

15 Oct, 2021

Data

Company Financials
MRR fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

MRR Overview

MinRex Resources Limited engages in the exploration and development of mineral properties.

Price History & Performance

Summary of all time highs, changes and price drops for MinRex Resources
Historical stock prices
Current Share PriceAU$0.018
52 Week HighAU$0.014
52 Week LowAU$0.054
Beta0.37
1 Month Change9.09%
3 Month Change0%
1 Year Change-30.77%
3 Year Change-40.00%
5 Year Change-82.00%
Change since IPO-91.63%

Recent News & Updates

Shareholder Returns

MRRAU Metals and MiningAU Market
7D0%4.3%0.9%
1Y-30.8%12.2%20.2%

Return vs Industry: MRR underperformed the Australian Metals and Mining industry which returned 10.1% over the past year.

Return vs Market: MRR underperformed the Australian Market which returned 19.3% over the past year.

Price Volatility

Is MRR's price volatile compared to industry and market?
MRR volatility
MRR Beta0.37
Industry Beta0.97
Market Beta1

Stable Share Price: MRR is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: MRR's weekly volatility (11%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2011n/aPedro Kastellorizoshttps://www.minrex.com.au

MinRex Resources Limited engages in the exploration and development of mineral properties. The company focuses on the exploration of gold and base metal projects in Western Australia. It holds 70% interests in the Marble Bar North, Marble Bar South, Daltons, and Bamboo Creek gold projects in the East Pilbara area of Western Australia; and 100% interests in the Deflector extended gold project situated at Gullewa in Western Australia.

MinRex Resources Fundamentals Summary

How do MinRex Resources's earnings and revenue compare to its market cap?
MRR fundamental statistics
Market CapAU$10.50m
Earnings (TTM)-AU$1.06m
Revenue (TTM)n/a

0x

P/S Ratio

-9.9x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MRR income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
ExpensesAU$1.06m
Earnings-AU$1.06m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0018
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0%

How did MRR perform over the long term?

See historical performance and comparison

Valuation

Is MinRex Resources undervalued compared to its fair value and its price relative to the market?

0.9x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

PE vs Market: MRR 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 MRR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MRR is good value based on its PB Ratio (0.9x) compared to the AU Metals and Mining industry average (2.5x).


Future Growth

How is MinRex Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-0.2%

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 MinRex Resources 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 MinRex Resources performed over the past 5 years?

-4.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MRR is currently unprofitable.

Growing Profit Margin: MRR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MRR is unprofitable, and losses have increased over the past 5 years at a rate of 4.1% per year.

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

Earnings vs Industry: MRR 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: MRR has a negative Return on Equity (-9.08%), as it is currently unprofitable.


Financial Health

How is MinRex Resources's financial position?


Financial Position Analysis

Short Term Liabilities: MRR's short term assets (A$2.5M) exceed its short term liabilities (A$407.4K).

Long Term Liabilities: MRR's short term assets (A$2.5M) exceed its long term liabilities (A$45.2K).


Debt to Equity History and Analysis

Debt Level: MRR is debt free.

Reducing Debt: MRR 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: MRR has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: MRR has sufficient cash runway for 2.3 years if free cash flow continues to reduce at historical rates of 7.7% each year.


Dividend

What is MinRex Resources's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate MRR'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 MRR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MRR'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 MRR'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?

0.8yrs

Average management tenure


CEO

Pedro Kastellorizos (47 yo)

0.33

Tenure

Mr. Pedro Kastellorizos, B.App.Sc (Geology), has been Chief Executive Officer of MinRex Resources Limited since June 01, 2021. He is the Managing Director and Founder of Kastellco Geological Consultancy an...


Leadership Team

Experienced Management: MRR's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: MRR's board of directors are not considered experienced ( 1.3 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 149.6%.


Top Shareholders

Company Information

MinRex Resources Limited's employee growth, exchange listings and data sources


Key Information

  • Name: MinRex Resources Limited
  • Ticker: MRR
  • Exchange: ASX
  • Founded: 2011
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$10.496m
  • Shares outstanding: 583.14m
  • Website: https://www.minrex.com.au

Number of Employees


Location

  • MinRex Resources Limited
  • 216 St Georges Terrace
  • Level 11
  • Perth
  • Western Australia
  • 6000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/15 15:50
End of Day Share Price2021/10/15 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.