Red Mountain Mining Limited explores for and develops mineral properties in Australia.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.009|
|52 Week High||AU$0.008|
|52 Week Low||AU$0.022|
|1 Month Change||-10.00%|
|3 Month Change||-5.26%|
|1 Year Change||-40.00%|
|3 Year Change||28.57%|
|5 Year Change||-10.00%|
|Change since IPO||-99.73%|
Recent News & Updates
|RMX||AU Metals and Mining||AU Market|
Return vs Industry: RMX underperformed the Australian Metals and Mining industry which returned 12.5% over the past year.
Return vs Market: RMX underperformed the Australian Market which returned 21.4% over the past year.
Stable Share Price: RMX is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 15% a week.
Volatility Over Time: RMX's weekly volatility (15%) has been stable over the past year, but is still higher than 75% of Australian stocks.
About the Company
Red Mountain Mining Limited explores for and develops mineral properties in Australia. It holds interests in the Mt Maitland gold project covering an area of 62 square kilometers located to the north of Meekatharra in the Murchison Goldfield, Western Australia; and the Koonenberry gold project covering an area of 657 square kilometers located in a geologic setting considered analogous to the prolific Victorian Goldfields in south-eastern Australia. The company also holds interests in the Mt Mansbridge heavy rare earths project that consists three contiguous granted exploration licenses E80/5111, E80/5229, and E80/5413 covering a total area of 280 square kilometers; the Batangas gold project situated in the Philippines; and the Mukabe-Kasari cobalt-copper project located in the Democratic Republic of the Congo.
Red Mountain Mining Fundamentals Summary
|RMX fundamental statistics|
Is RMX overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|RMX income statement (TTM)|
|Cost of Revenue||AU$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.0011|
|Net Profit Margin||0.00%|
How did RMX perform over the long term?See historical performance and comparison
Is Red Mountain Mining 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 RMX's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate RMX's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: RMX is unprofitable, so we can't compare its PE Ratio to the Australian Metals and Mining industry average.
PE vs Market: RMX 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 RMX's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: RMX is overvalued based on its PB Ratio (4.7x) compared to the AU Metals and Mining industry average (2.6x).
How is Red Mountain Mining 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 Red Mountain Mining 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 Red Mountain Mining performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RMX is currently unprofitable.
Growing Profit Margin: RMX is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: RMX is unprofitable, but has reduced losses over the past 5 years at a rate of 54.8% per year.
Accelerating Growth: Unable to compare RMX's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: RMX 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: RMX has a negative Return on Equity (-59.82%), as it is currently unprofitable.
How is Red Mountain Mining's financial position?
Financial Position Analysis
Short Term Liabilities: RMX's short term assets (A$2.0M) exceed its short term liabilities (A$530.1K).
Long Term Liabilities: RMX's short term assets (A$2.0M) exceed its long term liabilities (A$524.3K).
Debt to Equity History and Analysis
Debt Level: RMX's debt to equity ratio (17.8%) is considered satisfactory.
Reducing Debt: RMX's debt to equity ratio has increased from 0.05% to 17.8% over the 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: RMX has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: RMX has less than a year of cash runway if free cash flow continues to grow at historical rates of 16.3% each year.
What is Red Mountain Mining current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate RMX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate RMX'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 RMX's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if RMX'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 RMX'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
Red Mountain Mining has no CEO, or we have no data on them.
Experienced Board: RMX's board of directors are considered experienced (5.3 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 29.9%.
Red Mountain Mining Limited's employee growth, exchange listings and data sources
- Name: Red Mountain Mining Limited
- Ticker: RMX
- Exchange: ASX
- Founded: 2006
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: AU$13.180m
- Shares outstanding: 1.46b
- Website: https://www.redmountainmining.com.au
- Red Mountain Mining Limited
- 1 Altona Street
- Suite 2
- West Perth
- 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.