Mindax Limited (MDX) Price & Analysis

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MDX Stock Chart & Stats

AU$0.04

AU$0.00(0.00%)

At close: Jan 09 4:00 PM EST

AU$0.04

AU$0.00(0.00%)

Day’s Range― - ―

52-Week RangeAU$0.03 - AU$0.10

Previous CloseN/A

Volume70.00K

Average Volume (3M)123.96K

Market Cap

AU$89.64M

Enterprise ValueAU$88.38M

Total Cash (Recent Filing)AU$1.32M

Total Debt (Recent Filing)AU$58.69K

Price to Earnings (P/E)―

Beta-0.20

Next Earnings

Mar 13, 2026

EPS EstimateN/A

Next Dividend Ex-DateN/A

Dividend YieldN/A

Share Statistics

EPS (TTM)>-0.01

Shares Outstanding2,358,885,300

10 Day Avg. Volume27,619

30 Day Avg. Volume123,958

Financial Highlights & Ratios

PEG Ratio-2.45

Price to Book (P/B)6.82

Price to Sales (P/S)0.00

P/FCF Ratio-68.49

Enterprise Value/Market CapN/A

Enterprise Value/RevenueN/A

Enterprise Value/Gross ProfitN/A

Enterprise Value/EbitdaN/A

Forecast

1Y Price TargetN/A

Price Target UpsideN/A

Rating ConsensusN/A

Number of Analyst Covering0

EPS Forecast (FY)N/A

Revenue Forecast (FY)N/A

Bulls Say, Bears Say

Bulls Say

Very Low LeverageExceptionally low debt materially reduces solvency and refinancing risk, giving management flexibility to fund exploration or seek strategic transactions. Over 2–6 months this supports survivability and optionality while the company pursues project advancement or capital raises.

Sizable Equity And Asset GrowthA substantial equity base and year-over-year asset growth strengthen the balance sheet, providing a larger capital base to advance tenements or attract partners. This durable resource of assets supports transaction leverage and buffers operating setbacks during exploration cycles.

Exploration Business OptionalityAs an exploration company, the business model inherently offers long-term upside via discoveries or project transactions. Structural optionality means successful drilling or partner deals can transform cash flows and strategic prospects, a durable source of potential value.

Bears Say

Persistent Cash BurnSustained negative operating and free cash flow implies ongoing funding needs and increases reliance on external capital. Over months this pressures liquidity, risks dilution from equity raises, and constrains the company’s ability to self-fund exploration or development work.

Minimal, Volatile RevenueNear-zero and highly variable revenue limits operating leverage and predictability, weakening the firm’s ability to convert spending into sustainable income. Structurally, this reduces internal funding capacity and increases dependency on episodic financing or one-off transactions.

Negative Returns On EquityConsistently negative ROE indicates the company’s capital base has not generated profits, reflecting weak operational returns. Over the medium term this challenges investor confidence, makes raising accretive capital harder, and signals limited efficiency in deploying shareholder funds.

Mindax Limited News

Mindax Shares Qualify for Secondary Trading After New Issue

Mindax Limited ( ($AU:MDX) ) has shared an announcement. Mindax Limited has issued 2,702,703 fully paid ordinary shares...

8d ago

MDX

Mindax seeks ASX quotation for 2.7 million new shares

Mindax Limited ( ($AU:MDX) ) has provided an update. Mindax Limited has applied to the ASX for quotation...

8d ago

MDX

Mindax Plans Equity Placement of Up to 2.7 Million Shares

An update from Mindax Limited ( ($AU:MDX) ) is now available. Mindax Limited has notified the ASX of...

9d ago

MDX

Mindax Issues 58 Million Unquoted Options to Expand Capital Base

Mindax Limited ( ($AU:MDX) ) has shared an update. Mindax Limited has notified the market of the issue...

16d ago

MDX

Mindax Advances Mt Forrest Magnetite Studies and Mid-West Infrastructure Push in December Quarter

Mindax Limited ( ($AU:MDX) ) has issued an announcement. Mindax Limited’s December 2025 quarter was marked by continued...

22d ago

MDX

Mindax Corrects Details for 2 Million Unquoted Options

An announcement from Mindax Limited ( ($AU:MDX) ) is now available. Mindax Limited has notified the market of...

2M ago

MDX

Mindax Plans Issue of 58 Million Options in New Capital-Raising Move

Mindax Limited ( ($AU:MDX) ) has shared an update. Mindax Limited has announced a proposed issue of 58...

2M ago

MDX

Mindax Limited Announces New Share Issue for Secondary Trading

Mindax Limited ( ($AU:MDX) ) has provided an update. Mindax Limited has issued 2,631,579 fully paid ordinary shares,...

2M ago

MDX

Mindax Limited Announces Proposed Securities Issue

Mindax Limited ( ($AU:MDX) ) has provided an announcement. Mindax Limited has announced a proposed issue of 2,631,579...

2M ago

MDX

Mindax Limited Updates Directors’ Interests Following AGM Approval

Mindax Limited ( ($AU:MDX) ) has shared an announcement. Mindax Limited has announced changes to its directors’ interests...

3M ago

MDX

MDX FAQ

What was Mindax Limited’s price range in the past 12 months?

Mindax Limited lowest share price was AU$0.03 and its highest was AU$0.10 in the past 12 months.

What is Mindax Limited’s market cap?

Mindax Limited’s market cap is AU$89.64M.

When is Mindax Limited’s upcoming earnings report date?

Mindax Limited’s upcoming earnings report date is Mar 13, 2026 which is in 23 days.

How were Mindax Limited’s earnings last quarter?

Mindax Limited released its earnings results on Sep 30, 2025. The company reported -AU$0.001 earnings per share for the quarter, missing the consensus estimate of N/A by -AU$0.001.

Is Mindax Limited overvalued?

According to Wall Street analysts Mindax Limited’s price is currently Overvalued. Get more investment ideas with TipRanks Premium

Does Mindax Limited pay dividends?

Mindax Limited does not currently pay dividends.

What is Mindax Limited’s EPS estimate?

Mindax Limited’s EPS estimate for its next earnings report is not yet available.

How many shares outstanding does Mindax Limited have?

Mindax Limited has 2,358,885,300 shares outstanding.

What happened to Mindax Limited’s price movement after its last earnings report?

Mindax Limited reported an EPS of -AU$0.001 in its last earnings report, missing expectations of N/A. Following the earnings report the stock price went up 1.887%.

Which hedge fund is a major shareholder of Mindax Limited?

Currently, no hedge funds are holding shares in AU:MDX

What is the TipRanks Smart Score and how is it calculated?

Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

Mindax Limited Stock Smart Score

Underperform

News Sentiment

Neutral

Bullish news 50%
Bearish news 50%

Technicals

Fundamentals

Return on Equity

-15.72%

Trailing 12-Months

Asset Growth

26.93%

Trailing 12-Months

Top Smart Score Stocks >

Company Description

Mindax Limited

Mindax Limited explores for mineral properties in Australia. The company operates in two segments, Gold and Iron Ore. Its principal projects are the Meekatharra gold project and Mt Forrest iron project. The company was incorporated in 2003 and is based in West Perth, Australia.