QX Resources Limited engages in the exploration and exploitation of mineral properties in Queensland and Western Australia.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.016|
|52 Week High||AU$0.01|
|52 Week Low||AU$0.029|
|1 Month Change||33.33%|
|3 Month Change||14.29%|
|1 Year Change||6.67%|
|3 Year Change||6.67%|
|5 Year Change||n/a|
|Change since IPO||-99.33%|
Recent News & Updates
|QXR||AU Metals and Mining||AU Market|
Return vs Industry: QXR matched the Australian Metals and Mining industry which returned 7.4% over the past year.
Return vs Market: QXR underperformed the Australian Market which returned 17.9% over the past year.
Stable Share Price: QXR is more volatile than 90% of Australian stocks over the past 3 months, typically moving +/- 21% a week.
Volatility Over Time: QXR's weekly volatility (21%) has been stable over the past year, but is still higher than 75% of Australian stocks.
About the Company
QX Resources Limited engages in the exploration and exploitation of mineral properties in Queensland and Western Australia. The company primarily explores for gold and base metals, including nickel. It holds interest in the Pilbara gold project located in the Pilbara region of Western Australia.
QX Resources Fundamentals Summary
|QXR fundamental statistics|
Is QXR overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|QXR income statement (TTM)|
|Cost of Revenue||AU$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.0022|
|Net Profit Margin||0.00%|
How did QXR perform over the long term?See historical performance and comparison
Is QX Resources 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 QXR's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate QXR's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: QXR is unprofitable, so we can't compare its PE Ratio to the Australian Metals and Mining industry average.
PE vs Market: QXR 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 QXR's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: QXR is overvalued based on its PB Ratio (3.2x) compared to the AU Metals and Mining industry average (2.5x).
How is QX Resources 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 QX 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.
How has QX Resources performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: QXR is currently unprofitable.
Growing Profit Margin: QXR is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: QXR is unprofitable, but has reduced losses over the past 5 years at a rate of 35% per year.
Accelerating Growth: Unable to compare QXR's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: QXR 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: QXR has a negative Return on Equity (-43.43%), as it is currently unprofitable.
How is QX Resources's financial position?
Financial Position Analysis
Short Term Liabilities: QXR's short term assets (A$1.8M) exceed its short term liabilities (A$184.8K).
Long Term Liabilities: QXR has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: QXR is debt free.
Reducing Debt: QXR currently has no debt however we can't compare to 5 years ago as we have no data for that period.
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: QXR has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: QXR has sufficient cash runway for 1.6 years if free cash flow continues to grow at historical rates of 17.7% each year.
What is QX Resources's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate QXR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate QXR'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 QXR's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if QXR'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 QXR'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
QX Resources has no CEO, or we have no data on them.
Experienced Board: QXR's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.
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 substantially diluted in the past year, with total shares outstanding growing by 50.6%.
QX Resources Limited's employee growth, exchange listings and data sources
- Name: QX Resources Limited
- Ticker: QXR
- Exchange: ASX
- Founded: 2010
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: AU$9.995m
- Shares outstanding: 666.36m
- Website: https://qxresources.com.au
- QX Resources Limited
- 34 Colin Street
- Level 2
- West Perth
- Western Australia
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/14 07:04|
|End of Day Share Price||2021/10/14 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.