PolarX Limited engages in the exploration and development of mineral properties in the United States.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.039|
|52 Week High||AU$0.027|
|52 Week Low||AU$0.06|
|1 Month Change||5.41%|
|3 Month Change||18.18%|
|1 Year Change||30.00%|
|3 Year Change||-35.00%|
|5 Year Change||-61.00%|
|Change since IPO||-98.60%|
Recent News & Updates
Companies Like PolarX (ASX:PXX) Could Be Quite Risky
There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although...
|PXX||AU Metals and Mining||AU Market|
Return vs Industry: PXX exceeded the Australian Metals and Mining industry which returned 12.5% over the past year.
Return vs Market: PXX exceeded the Australian Market which returned 21.4% over the past year.
Stable Share Price: PXX is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 11% a week.
Volatility Over Time: PXX's weekly volatility (11%) has been stable over the past year.
About the Company
PolarX Limited engages in the exploration and development of mineral properties in the United States. The company explores for copper, silver, and gold deposits. Its principal property is the Alaska Range project, which comprise Stellar and Caribou Dome project covering an area of approximately 262 square kilometers located in Alaska.
PolarX Fundamentals Summary
|PXX fundamental statistics|
Is PXX overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|PXX income statement (TTM)|
|Cost of Revenue||AU$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.0019|
|Net Profit Margin||0.00%|
How did PXX perform over the long term?See historical performance and comparison
Is PolarX 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 PXX's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate PXX's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: PXX is unprofitable, so we can't compare its PE Ratio to the Australian Metals and Mining industry average.
PE vs Market: PXX 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 PXX's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PXX is good value based on its PB Ratio (0.8x) compared to the AU Metals and Mining industry average (2.6x).
How is PolarX 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 PolarX 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 PolarX performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PXX is currently unprofitable.
Growing Profit Margin: PXX is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: PXX is unprofitable, and losses have increased over the past 5 years at a rate of 41.2% per year.
Accelerating Growth: Unable to compare PXX's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: PXX 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: PXX has a negative Return on Equity (-4.1%), as it is currently unprofitable.
How is PolarX's financial position?
Financial Position Analysis
Short Term Liabilities: PXX's short term assets (A$3.9M) exceed its short term liabilities (A$177.2K).
Long Term Liabilities: PXX has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: PXX is debt free.
Reducing Debt: PXX 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: PXX has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: PXX has less than a year of cash runway if free cash flow continues to reduce at historical rates of 16.4% each year
What is PolarX current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate PXX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate PXX'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 PXX's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if PXX'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 PXX'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
Dr. Charles Tabeart Terra Metallica, also known as Frazer, Ph D., BSc (Hons) ARSM, MAIG has been the Chief Executive officer and Managing Director at African Energy Resources Limited (also known as African...
Experienced Board: PXX's board of directors are considered experienced (5.5 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.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 24.1%.
PolarX Limited's employee growth, exchange listings and data sources
- Name: PolarX Limited
- Ticker: PXX
- Exchange: ASX
- Founded: 1945
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: AU$27.561m
- Shares outstanding: 672.22m
- Website: https://www.polarx.com.au
Number of Employees
- PolarX Limited
- 245 Churchill Avenue
- Suite 1
- Western Australia
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.