Mount Ridley Mines Limited (MRD) AI Stock Analysis

• Market Cap: AU$1.56M
• Dividend Yield: N/A
• Average Volume (3M): 0.00
• Price to Earnings (P/E): ―
• Beta (1Y): 0.75
• Revenue Growth: N/A
• EPS Growth: 15.56%
• Country: AU
• Employees: 1
• Sector: Basic Materials
• Sector Strength: 62
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 778,489,000
• 10 Day Avg. Volume: 0
• 30 Day Avg. Volume: 0
• PEG Ratio: <0.01
• Price to Book (P/B): 1.04
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -2.17
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 41 Neutral
• Price Target: ―

Mount Ridley Mines Limited's stock is challenged by ongoing profitability issues and negative cash flows, despite revenue growth and a strong balance sheet. The lack of earnings call data and corporate events limits the ability to assess recent strategic initiatives. Its valuation is unfavorable with a negative P/E ratio. Overall, the stock requires improvement in operational efficiency and profitability to enhance its attractiveness.

Mount Ridley Mines Limited Business Overview & Revenue Model

Company Description

Mount Ridley Mines Limited engages in the exploration for mineral properties in Australia. The company explores for nickel, iron, copper, and gold deposits, as well as rare earth elements. It primarily holds 100% interests in the Mount Ridley project that consists of 9 granted exploration licenses approximately 3,400 square kilometers located in the southwest Western Australia; and the Weld Range West project located in Western Australia. The company was incorporated in 2000 and is based in Nedlands, Australia.

How the Company Makes Money

Mount Ridley Mines Limited makes money primarily through the exploration and development of mineral properties. The company generates revenue by discovering economically viable mineral deposits, which can then be developed into operational mining projects or sold to other mining companies. Key revenue streams include the sale of mineral rights, joint ventures, and partnerships with larger mining companies that seek to exploit the mineral resources identified by Mount Ridley Mines. Additionally, the company may engage in fundraising activities, such as issuing shares or securing investments, to finance its exploration and development efforts. Significant partnerships with other mining or exploration companies can also contribute to its earnings, either through joint exploration projects or technology sharing agreements.

Mount Ridley Mines Limited Financial Statement Overview

Summary

Mount Ridley Mines Limited is experiencing revenue growth but continues to face profitability challenges. Its balance sheet is strong with low leverage and a high equity ratio, yet it struggles to translate these strengths into positive returns. Cash flow remains a concern, though some improvement is noted. The company must focus on enhancing operational efficiency and managing cash flows to improve its financial standing.

Income Statement

Mount Ridley Mines Limited has demonstrated significant revenue growth, increasing from $683,516 in 2023 to $1,086,643 in 2024. Despite this, the company still faces challenges with profitability, as evidenced by a negative net profit margin, and continued negative EBIT and EBITDA margins, indicating operational inefficiencies and ongoing losses.

Balance Sheet

The company maintains a low debt-to-equity ratio of 0.01, indicating minimal leverage and a strong equity base. However, the return on equity remains negative due to ongoing net losses. The equity ratio is high at 95.91%, reflecting a strong capital structure, yet the company struggles to generate returns on this equity.

Cash Flow

Operating cash flows remain negative, though there has been a reduction in free cash flow outflows from -$4,178,148 in 2023 to -$2,047,809 in 2024. The ratio of operating cash flow to net income is stable but negative, highlighting ongoing cash flow challenges amidst efforts to reduce expenditures.

Breakdown
TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
80.85K	1.09M	683.52K	9.64K	6.29K	114.13K
	Gross Profit
80.85K	1.09M	597.20K	-21.44K	112.00	106.83K
	EBIT
-1.21M	-1.84M	-5.24M	-2.98M	-1.81M	-1.22M
	EBITDA
-1.24M	-1.87M	-5.16M	-4.28M	-937.56K	-57.55K
	Net Income Common Stockholders
-2.94M	-1.99M	-4.65M	-4.31M	-943.75K	-64.85K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.77M	1.79M	3.86M	2.73M	3.85M	1.99M
	Total Assets
2.68M	3.96M	6.41M	5.17M	5.93M	2.87M
	Total Debt
0.00	24.17K	57.41K	80.90K	0.00	0.00
	Net Debt
-1.01M	-1.37M	-3.41M	-2.18M	-1.45M	-399.92K
	Total Liabilities
61.73K	162.11K	477.85K	211.87K	384.20K	78.44K
	Stockholders Equity
2.61M	3.80M	5.93M	4.96M	5.55M	2.79M
Cash Flow		Free Cash Flow
-717.04K	-2.05M	-4.18M	-3.39M	-1.56M	-1.12M
	Operating Cash Flow
-717.04K	-2.05M	-3.96M	-3.19M	-1.56M	-1.12M
	Investing Cash Flow
122.43K	5.03K	-277.09K	293.48K	-50.53K	167.79K
	Financing Cash Flow
-33.88K	-35.94K	5.45M	3.71M	2.66M	336.74K

Mount Ridley Mines Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	51 Neutral	$2.02B	-1.19	-21.37%	3.64%	2.88%	-30.57%
MRD	41 Neutral	AU$1.56M	―	-94.58%	―	―	15.56%
C8U		€283.39M	―	-16.63%	―	―	―
ARTTF		$11.53M	―	-53.93%	―	―	―
TLSMF		$21.17M	―	-20.67%	―	―	―
MEU	35 Underperform	AU$48.31M	―	-2.31%	―	―	-33.33%
G88	28 Underperform	AU$7.62M	―	-31.24%	―	―	30.16%

Mount Ridley Mines Limited Corporate Events

Mount Ridley Mines Appoints New Auditor for Improved Efficiency

Mount Ridley Mines Limited has appointed Stantons International Audit and Consulting Pty Ltd as its new auditor, following the resignation of HLB Mann Judd. This change aims to better align the company’s audit processes with internal workflows and improve efficiency. The appointment will be proposed for ratification at the next Annual General Meeting.

Mount Ridley Mines Reports High-Grade Iron Assays and Board Changes

Mount Ridley Mines Limited reported promising results from its recent exploration activities at the Weld Range West Project, with high-grade iron assays identified in several rock chip samples. The company’s strategic focus on this project is underscored by the potential for high-grade hematite mineralization, particularly in the southern zones, and plans for further exploration to enhance understanding of geological continuity. Additionally, the company has undergone a board change, with Mr. Pedro Kastellorizos joining as a Non-Executive Director, bringing extensive experience in the exploration and mining sectors.

Mount Ridley Mines Appoints New Director with No Initial Securities

Mount Ridley Mines Limited has announced the appointment of Pedro Kastellorizos as a new director, effective April 2, 2025. The initial director’s interest notice reveals that Kastellorizos currently holds no securities or interests in the company, indicating a fresh start in his role with no pre-existing financial ties.

Mount Ridley Mines Announces Board Changes

Mount Ridley Mines Limited has announced changes to its board of directors, with Cameron Clifton resigning as Non-Executive Director and Pedro Kastellorizos joining the board in the same capacity. Mr. Kastellorizos brings over 26 years of experience in the exploration, mining, and corporate sectors, which is expected to enhance the company’s strategic direction and operational expertise.

Mount Ridley Mines Limited Updates Corporate Directory

Mount Ridley Mines Limited has released a corporate directory update, detailing the company’s board of directors, company secretary, registered office, principal place of business, postal address, auditors, share registry, and securities exchange information. This update provides stakeholders with essential contact and structural information, ensuring transparency and accessibility for investors and partners.