Rox Resources ASX:RXL Stock Report

Last Price

AU$0.20

Market Cap

AU$103.0m

7D

14.3%

1Y

8.1%

Updated

27 Dec, 2024

Data

Company Financials +

Rox Resources Limited

ASX:RXL Stock Report

Market Cap: AU$103.0m

RXL Stock Overview

Engages in mineral exploration activities in Australia. More details

RXL fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	0/6
Financial Health	5/6
Dividends	0/6

Risk Analysis

Makes less than USD$1m in revenue (A$0)

Currently unprofitable and not forecast to become profitable over the next 3 years

Does not have a meaningful market cap (A$103M)

Shareholders have been diluted in the past year

+ 1 more risk

My Notes

Capture your thoughts, links and company narrative

Rox Resources Limited Competitors

Rand Mining

ASX:RND

AU$86.5m

Beacon Minerals

ASX:BCN

AU$97.2m

Mindax

ASX:MDX

AU$82.0m

Unico Silver

ASX:USL

AU$85.4m

Price History & Performance

Summary of share price highs, lows and changes for Rox Resources
Historical stock prices
Current Share Price	AU$0.20
52 Week High	AU$0.24
52 Week Low	AU$0.12
Beta	0.74
1 Month Change	29.03%
3 Month Change	48.15%
1 Year Change	8.11%
3 Year Change	-45.21%
5 Year Change	-48.72%
Change since IPO	-92.38%

Recent News & Updates

Recent updates

Rox Resources (ASX:RXL) Is In A Good Position To Deliver On Growth Plans

Jan 20

Is Rox Resources (ASX:RXL) In A Good Position To Deliver On Growth Plans?

Feb 05

Shareholder Returns

	RXL	AU Metals and Mining	AU Market
7D	14.3%	0.3%	0.7%
1Y	8.1%	-20.7%	6.8%

Return vs Industry: RXL exceeded the Australian Metals and Mining industry which returned -20.7% over the past year.

Return vs Market: RXL exceeded the Australian Market which returned 6.8% over the past year.

Price Volatility

Is RXL's price volatile compared to industry and market?
RXL volatility
RXL Average Weekly Movement	12.4%
Metals and Mining Industry Average Movement	10.6%
Market Average Movement	8.0%
10% most volatile stocks in AU Market	16.8%
10% least volatile stocks in AU Market	3.0%

Stable Share Price: RXL's share price has been volatile over the past 3 months compared to the Australian market.

Volatility Over Time: RXL's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

Founded	Employees	CEO	Website
2003	8	Phillip Wilding	www.roxresources.com.au

Rox Resources Limited engages in mineral exploration activities in Australia. It primarily explores for gold and nickel deposits. The company’s flagship project is the 100% owned Youanmi Gold Project covering 697 square kilometers located to northeast of Perth.

Rox Resources Limited Fundamentals Summary

How do Rox Resources's earnings and revenue compare to its market cap?
RXL fundamental statistics
Market cap	AU$102.99m
Earnings (TTM)	-AU$13.70m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-7.5x

P/E Ratio

Is RXL overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
RXL income statement (TTM)
Revenue	AU$0
Cost of Revenue	AU$0
Gross Profit	AU$0
Other Expenses	AU$13.70m
Earnings	-AU$13.70m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.027
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0%

How did RXL perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/27 22:01
End of Day Share Price	2024/12/27 00:00
Earnings	2024/06/30
Annual Earnings	2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Rox Resources Limited is covered by 2 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Peter Arden	Bell Potter
Paul Howard	Canaccord Genuity

RXL Stock Overview

Risk Analysis

Rox Resources Limited Competitors

ASX:RND

AU$86.5m

ASX:BCN

AU$97.2m

ASX:MDX

AU$82.0m

ASX:USL

AU$85.4m

Price History & Performance

Recent News & Updates

Rox Resources Limited Announces Resignation of Chris Hunt as CFO

Rox Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1 million.

New minor risk - Share price stability

Rox Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 25.998 million.

Rox Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1 million.

Price target increased by 10.0% to AU$0.55

Recent updates

Rox Resources Limited Announces Resignation of Chris Hunt as CFO

Rox Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1 million.

New minor risk - Share price stability

Rox Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 25.998 million.

Rox Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1 million.

Price target increased by 10.0% to AU$0.55

Rox Resources Limited, Annual General Meeting, Nov 25, 2024

New major risk - Financial position

Rox Resources Limited Announces CEO Changes

Rox Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 7.617932 million.

New minor risk - Share price stability

Independent Non-Executive Chairman recently bought AU$50k worth of stock

Rox Resources Limited, Annual General Meeting, Nov 29, 2023

New major risk - Financial position

New minor risk - Financial data availability

New minor risk - Financial data availability

CEO, MD & Non-Executive Director recently bought AU$98k worth of stock

New major risk - Shareholder dilution

Rox Resources Limited Appoints Mr. Matthew Hogan as Non-Executive Director

Kedalion Nickel Pty Ltd. completed the acquisition of Cannon Resources Limited (ASX:CNR) from a group of sellers and other shareholders.

Rox Resources Limited in Conjunction with Venus Metals Corporation Reports Substantial Reverse Circulation and Diamond Drilling Programs At the Youanmi Gold Project

CEO, MD & Non-Executive Director recently bought AU$53k worth of stock

Price target decreased to AU$0.50

Rox Resources Limited Reports A Significant Increase to the Mineral Resource Estimate for the Mt Fisher Gold Project and the Mt Eureka Project

Kedalion Nickel Pty Ltd. made a bid to acquire Cannon Resources Limited (ASX:CNR) from Rox Resources Limited (ASX:RXL), Ponderosa Investments Pty Ltd and others for AUD0.45 per share.

Rox Resources Limited Announces Executive Changes

Rox Resources Limited Provides Mt Fisher Gold Project Exploration Update

Rox Resources Limited and Venus Metals Corporation Limited Announce Youanmi Gold Project Scoping Study

Rox Resources Limited, Annual General Meeting, Nov 30, 2022

Rox Resources Limited Reports Diamond Drilling Commences at the Mt Fisher Gold Project

Rox Resources Limited reports that further reverse circulation (RC) drilling has commenced at the Mt Fisher Gold Project (Rox 100%)

Rox Resources Limited Appoints Robert Ryan as Non-Executive Director

Rox Resources Limited and Venus Metals Corporation Limited Report Grade Control Drilling Results from the Grace Deposit At Youanmi Gold Project Near Mt Magnet, WA

Rox Resources Limited Updates New Midway Lode At Youanmi Gold Project Extended

Rox Resources Limited Reports High Grade Assay Results from Reverse Circulation Drilling At the Mt Fisher Gold Project and the Mt Eureka Project

Price target decreased to AU$1.10

Rox Resources and Venus Metals Corporation Report High-Grade Results Ahead of Near Surface Resource Update

Rox Resources Limited announced that it expects to receive AUD 4 million in funding from Hawke's Point (RRL) L.P. and other investors

Rox Resources Limited and Venus Metals Corporation Limited to Provide an Update on Drill Results from the Youanmi Gold Project

Rox Resources Limited, in Conjunction with Its Joint Venture Partner Venus Metals Corporation Limited Announces Significant Results from Aircore Drilling on the Youanmi Regional Jv Tenements

Rox Resources Limited Announces Youanmi Resource Increased to 3 Moz Au

Rox Resources (ASX:RXL) Is In A Good Position To Deliver On Growth Plans

Rox Resources Limited Provides Update on Mt Fisher-Mt Eureka Gold Project Exploration

Rox Resources Limited Announces Drilling At Youanmi Returns Significant Intersections

Rox Resources Limited Announces Early Funds to Support Activities at Youanmi Gold Project

Rox Resources Limited in Conjunction with Its Joint Venture Partner Venus Metals Corporation Limited Provides Update on Youanmi Project

Joint Company Secretary Brett Dickson has left the company

Rox Resources Limited Announces Substantial 39% Increase to Youanmi Gold Resource to 1.7 Moz

Rox Resources Limited in Conjunction with Its Joint Venture Partner Venus Metals Corporation Limited Reports Extensional Drilling At Youanmi Continues to Show That the Project Has Significant Upside

Rox Resources Limited announced that it expects to receive AUD 11 million in funding from Hawke's Point (RRL) L.P.

Is Rox Resources (ASX:RXL) In A Good Position To Deliver On Growth Plans?

Rox Resources Limited Announces High Gold Recoveries from Metallurgical Test At Grace

Rox Resources Limited Provides Update on Its Strategy in Relation to Its Substantial Nickel Assets Located in Western Australia

Rox Resources Limited Announces Exploration Update

Independent Non-Executive Chairman exercised options to buy AU$156k worth of stock.

Independent Non-Executive Chairman exercised options to buy AU$159k worth of stock.

Rox Resources Limited Announces Commencement of an Aircore Drilling Program on Its 100% Owned Tenements At the Youanmi Gold Project

Rox Resources Limited Announces Resignation of Mr. Brett Dickson as Director

Rox Resources Limited Announces Youanmi Exploration Update

Rox Resources Limited Announces High Grade Gold Intersected At Sovereign Prospect