Mount Ridley Mines Limited (MRD) AI Stock Analysis

• Market Cap: AU$2.34M
• Dividend Yield: N/A
• Average Volume (3M): 0.00
• Price to Earnings (P/E): ―
• Beta (1Y): 1.51
• Revenue Growth: N/A
• EPS Growth: 15.56%
• Country: AU
• Employees: 1
• Sector: Basic Materials
• Sector Strength: 66
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 778,489,000
• 10 Day Avg. Volume: 0
• 30 Day Avg. Volume: 0
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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 generates revenue primarily through the exploration and potential development of mineral resources. The company invests in identifying and evaluating mineral deposits, which can then be sold, licensed, or developed into operational mines. Revenue is typically earned through the sale of mineral rights, joint ventures, or partnerships with larger mining companies interested in accessing these resources. Additionally, the company may receive funding or earn income from strategic partnerships or investments that support exploration activities and further resource development.

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	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	1.09M	683.52K	9.64K	6.29K	114.13K
Gross Profit	1.09M	597.20K	-21.44K	112.00	106.83K
EBITDA	-1.87M	-5.16M	-4.28M	-937.56K	-57.55K
Net Income	-1.99M	-4.65M	-4.31M	-943.75K	-64.85K
Balance Sheet
Total Assets	3.96M	6.41M	5.17M	5.93M	2.87M
Cash, Cash Equivalents and Short-Term Investments	1.79M	3.86M	2.73M	3.85M	1.99M
Total Debt	24.17K	57.41K	80.90K	0.00	0.00
Total Liabilities	162.11K	477.85K	211.87K	384.20K	78.44K
Stockholders Equity	3.80M	5.93M	4.96M	5.55M	2.79M
Cash Flow
Free Cash Flow	-2.05M	-4.18M	-3.39M	-1.56M	-1.12M
Operating Cash Flow	-2.05M	-3.96M	-3.19M	-1.56M	-1.12M
Investing Cash Flow	5.03K	-277.09K	293.48K	-50.53K	167.79K
Financing Cash Flow	-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 *	44 Neutral	C$925.20M	-8.84	-0.23%	2.69%	24.65%	-41.54%
MRD	41 Neutral	AU$2.34M	―	-94.58%	―	―	15.56%
2I7	―	€865.40K	―		―	―	―
AIV	36 Underperform	AU$3.02M	―	-62.73%	―	―	-197.56%
C7A	34 Underperform	AU$1.76M	―	-48.57%	―	―	73.13%
KLR	―	AU$884.40K	―		―	―	―
SLZ	44 Neutral	AU$1.57M	―	-7.86%	―	―	37.50%

Mount Ridley Mines Limited Corporate Events

Mount Ridley Mines Focuses on Rare Earths and Board Restructuring

Mount Ridley Mines Limited has undertaken a strategic review of its exploration assets, focusing on the Mount Ridley Rare Earths Project to optimize its landholding and capitalize on improving market conditions for rare earth elements. The company is also evaluating additional target areas within the Weld Range West Project to refine prospective mineralized zones. Recent corporate developments include board changes with the appointment of a new non-executive director, Mr. Pedro Kastellorizos, who brings extensive geological expertise to guide the company’s exploration strategy. Additionally, a change in the company’s auditor was announced, with Stantons International Audit and Consulting Pty Ltd taking over the role.

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.