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$73.26M

Enterprise ValueAU$71.87M

Total Cash (Recent Filing)AU$1.32M

Total Debt (Recent Filing)AU$58.69K

Price to Earnings (P/E)―

Beta<0.01

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

Low Leverage And Sizable EquityExtremely low debt and a sizable equity base materially reduce solvency risk and provide financial flexibility. This balance-sheet strength supports ongoing exploration spending and project advancement without immediate refinancing, improving survivability over the next several months.

Assets Increased Year-over-yearRising reported assets suggest capital investment into projects and resource positions. Persistent asset growth can translate into de-risked tenements or studies that increase option value for transactions or joint ventures, supporting medium-term project monetization paths.

Project-focused Exploration StrategyA clear mandate to discover and advance mineral projects aligns management, capital allocation and technical programs toward value-creating milestones (resource upgrades, studies, or sale/jv). That strategic clarity helps prioritize limited capital and supports durable progress.

Bears Say

Persistent Operating LossesSustained negative operating results erode retained capital and indicate the core activities are not yet cash-generative. Without a clear shift to profitable operations or transaction realizations, losses will continue to limit reinvestment and force recurring financing decisions over the medium term.

Ongoing Negative Cash FlowPersistent operating and free cash outflows create structural funding risk, requiring equity raises or external financing to sustain exploration programs. This reliance increases dilution risk and may delay project milestones if capital access tightens over the next 2-6 months.

Minimal, Volatile Revenue And Weak ReturnsNear-zero and highly inconsistent revenue eliminates operating leverage and predictability. Coupled with negative return on equity (-15.3%), it shows the capital base is not producing sustainable profits, heightening dependency on funding events rather than organic cash generation.

Mindax Limited News

Mindax Enables Secondary Trading of New Share Issue Under Corporations Act Exemption

The latest announcement is out from Mindax Limited ( ($AU:MDX) ). Mindax Limited has issued 4,333,333 fully paid...

1d ago

MDX

Mindax Seeks ASX Quotation for 4.3 Million New Shares

The latest update is out from Mindax Limited ( ($AU:MDX) ). Mindax Limited has applied for quotation of...

1d ago

MDX

Mindax Plans Placement of Over 4.3 Million New Shares

Mindax Limited ( ($AU:MDX) ) has issued an update. Mindax Limited has notified the ASX of a proposed...

3d ago

MDX

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...

29d 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...

29d 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...

1M 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...

1M 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...

1M 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...

3M 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...

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$73.26M.

When is Mindax Limited’s upcoming earnings report date?

Mindax Limited’s upcoming earnings report date is Mar 13, 2026 which is tomorrow.

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

Very Bearish

Bullish news 0%
Bearish news 100%

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.