Mount Ridley Mines Limited (AU:MRD)
ASX:MRD
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Mount Ridley Mines Limited
(Sydney:MRD)
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Rating:42Neutral
Price Target:
AU$0.03
▲(3.33% Upside)
Action:ReiteratedDate:03/25/26
The score is primarily weighed down by weak financial performance—sharp revenue decline, persistent losses, and ongoing negative free cash flow with material equity erosion—despite the benefit of very low leverage. Technical indicators also lean bearish (negative MACD and weak RSI), and valuation is constrained by loss-making earnings and no dividend support.
Positive Factors
Very low leverage
A near-zero debt profile materially lowers refinancing and insolvency risk for an exploration company. With minimal fixed financing obligations the firm preserves optionality to fund programs through equity or partners, reducing structural liquidity stress during cyclical downcycles.
Negative Factors
Persistent negative cash flow
Consistent operating and free cash outflows mean the business is structurally cash‑consumptive absent a financing event or a material operational change. Over time this erodes reserves, forces dilution or asset sales, and constrains ability to fund exploration without external capital on unfavorable terms.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
A near-zero debt profile materially lowers refinancing and insolvency risk for an exploration company. With minimal fixed financing obligations the firm preserves optionality to fund programs through equity or partners, reducing structural liquidity stress during cyclical downcycles.
Read all positive factors
Mount Ridley Mines Limited (MRD) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$41.18M
Dividend YieldN/A
Average Volume (3M)0.00
Price to Earnings (P/E)―
Beta (1Y)-0.42
Revenue GrowthN/A
EPS Growth54.55%
CountryAU
Employees1
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding1,328,358,600
10 Day Avg. Volume0
30 Day Avg. Volume0
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)1.34
Price to Sales (P/S)3.43
P/FCF Ratio-1.53
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
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 proj...
How the Company Makes Money
Mount Ridley Mines Limited does not publicly disclose a consistent operating revenue stream from selling products or services; as an exploration-stage company, its activities are typically focused on spending capital on exploration rather than gen...
Mount Ridley Mines Limited Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
52
Neutral
Cash Flow
28
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 428.07K | 453.18K | 1.09M | 683.52K | 9.64K | 6.29K |
| Gross Profit | 418.47K | 453.18K | 1.09M | 597.20K | -21.44K | 112.00 |
| EBITDA | -1.28M | -731.83K | -1.84M | -5.21M | -4.28M | -937.56K |
| Net Income | -1.51M | -2.64M | -1.99M | -4.65M | -4.31M | -943.75K |
Balance Sheet | ||||||
| Total Assets | 2.13M | 1.21M | 3.96M | 6.41M | 5.17M | 5.93M |
| Cash, Cash Equivalents and Short-Term Investments | 1.83M | 950.13K | 1.79M | 3.86M | 2.73M | 3.85M |
| Total Debt | 0.00 | 0.00 | 24.17K | 57.41K | 80.90K | 0.00 |
| Total Liabilities | 239.23K | 52.21K | 162.11K | 477.85K | 211.87K | 384.20K |
| Stockholders Equity | 1.89M | 1.16M | 3.80M | 5.93M | 4.96M | 5.55M |
Cash Flow | ||||||
| Free Cash Flow | -1.02M | -1.02M | -2.05M | -4.18M | -3.39M | -1.56M |
| Operating Cash Flow | -1.02M | -1.02M | -2.05M | -3.96M | -3.19M | -1.56M |
| Investing Cash Flow | 449.27K | 7.85K | 5.03K | -277.09K | 293.48K | -50.53K |
| Financing Cash Flow | 1.59M | 565.89K | -35.94K | 5.45M | 3.71M | 2.66M |
Mount Ridley Mines Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
46 Neutral | AU$8.35M | -1.26 | -34.90% | ― | ― | 87.97% | |
45 Neutral | AU$6.25M | -0.39 | -330.13% | ― | ― | -31.15% | |
44 Neutral | AU$5.85M | -0.93 | -120.84% | ― | ― | -520.00% | |
42 Neutral | AU$41.18M | -7.10 | -99.27% | ― | ― | 54.55% | |
39 Underperform | AU$14.74M | -27.87 | 10.69% | ― | ― | 83.89% |
* Basic Materials Sector Average
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Mount Ridley Mines Limited Corporate Events
Mount Ridley Mines issues small tranche of shares under cleansing notice
Apr 30, 2026
Mount Ridley Mines Limited has issued 23,567 new shares without a formal disclosure document under the Corporations Act, relying on provisions that allow such an issue when certain regulatory conditions are met. The company confirmed it remains co...
Mount Ridley Mines Adds 23,567 New Shares to Quoted Capital
Apr 30, 2026
Mount Ridley Mines Limited has applied to the ASX for quotation of 23,567 new ordinary fully paid shares, effective 30 April 2026. The additional securities arise from the exercise or conversion of existing options or other convertible securities,...
Mount Ridley Defines Large Heavy Rare Earth and Scandium Resources at WA Project
Apr 30, 2026
Mount Ridley Mines has defined an inferred rare earth mineral resource of 122.54 million tonnes at 889ppm TREO, including 44,610 tonnes of high-value heavy rare earth oxides such as dysprosium and terbium, over more than 15.8km of strike at its Mo...
Mount Ridley Mines Issues 350,000 New Shares Under Cleansing Notice
Apr 23, 2026
Mount Ridley Mines Limited has issued 350,000 new shares in its capital, as recorded in an Appendix 2A dated 23 April 2026, and has notified the market via a statutory cleansing notice. The company states the shares were issued without a disclosur...
Mount Ridley Mines Seeks ASX Quotation for Additional 350,000 Shares
Apr 23, 2026
Mount Ridley Mines Limited has applied for quotation on the ASX of 350,000 additional ordinary fully paid shares under the code MRD. The new securities, issued on April 23, 2026, modestly increase the company’s quoted capital base and may pr...
Mount Ridley Mines Launches Major Re‑Assay Program to Boost Critical Minerals Resources
Apr 21, 2026
Mount Ridley Mines has launched a strategic re-assay campaign of about 3,300 priority historical drill pulps at ALS’s Perth laboratory, drawn from a broader inventory of roughly 17,000 previously unassayed samples. The program focuses on fil...
Mount Ridley Mines Corrects Issue Price on Option Conversion Shares
Apr 15, 2026
Mount Ridley Mines Limited has corrected an administrative error in a recent share issue notice related to the conversion of unlisted options. The company clarified that 250,000 new shares issued from the exercise of 1 cent unlisted options were p...
Mount Ridley Mines Issues 250,000 New Shares Under Corporations Act Exemption
Apr 14, 2026
Mount Ridley Mines Limited has issued 250,000 new shares in its capital, as recorded in an Appendix 2A lodged on 14 April 2026, and has notified the market that these securities were issued without a disclosure document under the Corporations Act....
Mount Ridley Mines Seeks ASX Quotation for Additional Shares
Apr 14, 2026
Mount Ridley Mines Limited has applied for quotation on the ASX of 250,000 new ordinary fully paid shares, to be issued on April 14, 2026. The modest size of the issuance suggests a routine exercise or conversion of existing securities rather than...
Mount Ridley bolsters Grass Patch rare earths project with strong historical metallurgical results
Apr 8, 2026
Mount Ridley Mines has reported that a review of historical metallurgical testwork shows strong leach responses for heavy rare earth elements across the Grass Patch Complex, underpinning its recently defined heavy rare earth mineral resource at Ke...
Mount Ridley Mines to Outline Critical Minerals Strategy in Investor Webinar
Mar 29, 2026
Mount Ridley Mines Limited has scheduled an investor webinar via MarketOpen Direct Connect on 1 April 2026 to engage shareholders and the market. Managing Director and CEO Allister Caird and Non-Executive Chairman David Wall will outline the compa...
Mount Ridley Mines outlines critical minerals focus and reiterates exploration risks
Mar 25, 2026
Mount Ridley Mines has presented an updated overview of its critical minerals portfolio at the Mineral Sands and Rare Earths Conference in Perth, highlighting its exposure to heavy rare earths, scandium, gallium and light magnetic rare earths. The...
Mount Ridley Unveils Major Heavy Rare Earth Resource at WA Project
Mar 23, 2026
Mount Ridley Mines has reported an inferred heavy rare earth oxide resource of 122.56 million tonnes at 889 ppm total rare earth oxides at its Mt Ridley Project, including 44,610 tonnes of heavy rare earth oxides with a premium 41% HREE ratio and ...
Mount Ridley Mines Halts Trading Ahead of Material Resource Update
Mar 19, 2026
Mount Ridley Mines Limited has requested and been granted a trading halt on its securities by the ASX, effective from 20 March 2026, as the company prepares to release an announcement regarding a material mineral resource estimate. Trading in MRD ...
Mount Ridley Issues New Shares Under Corporations Act Exemption
Mar 13, 2026
Mount Ridley Mines Limited has issued 152,872 new shares, as detailed in an Appendix 2A lodged on 13 March 2026, and has confirmed the issuance was conducted without a disclosure document under the exemption provisions of the Corporations Act. The...
Mount Ridley Mines Seeks ASX Quotation for Additional Shares
Mar 13, 2026
Mount Ridley Mines Limited has applied to the ASX for quotation of 152,872 new ordinary fully paid shares, following the issue of these securities on March 13, 2026. The modest increase in quoted capital reflects the conversion or exercise of exis...
Mount Ridley Mines Issues Corporate Directory and Governance Update
Mar 13, 2026
Mount Ridley Mines Limited has outlined its core corporate details in a recent disclosure, including its board of directors, executive leadership, and company secretary, highlighting a governance structure led by Non-Executive Chairman David Wall ...
Mount Ridley Mines Discloses Departure of Director Pedro Kastellorizos
Mar 11, 2026
Mount Ridley Mines Limited has notified the ASX that director Pedro Kastellorizos has ceased to be a director of the company as of 11 March 2026. The filing confirms he held no securities in his own name but had indirect interests via Bluekebble P...
Mount Ridley Mines Appoints David Wall as Director With No Initial Shareholding
Mar 11, 2026
Mount Ridley Mines Limited has appointed David Wall as a director effective 11 March 2026, according to a filing with the ASX. The initial director’s interest notice confirms that Wall holds no securities in the company and has no interests ...
Mount Ridley Mines Overhauls Board to Drive Critical Minerals Growth
Mar 10, 2026
Mount Ridley Mines has revamped its board and leadership team, appointing capital markets veteran David Wall as Non-Executive Chairman to help position the Mount Ridley Project as a major critical minerals opportunity. Wall’s two decades of ...
Mount Ridley Mines Issues 2.5 Million Shares Under Cleansing Notice
Feb 27, 2026
Mount Ridley Mines Limited has issued 2,500,000 new shares and lodged a cleansing notice under section 708A(5)(e) of the Corporations Act, confirming the shares were issued without a disclosure document. The company stated it is compliant with its...
Mount Ridley Mines Seeks ASX Quotation for Additional Shares
Feb 27, 2026
Mount Ridley Mines Limited has applied to the ASX for quotation of 2,500,000 additional ordinary fully paid shares. The new securities, issued on February 27, 2026, arise from the exercise or conversion of existing options or other convertible sec...
Mount Ridley Mines Seeks Quotation for Additional Ordinary Shares
Jan 30, 2026
Mount Ridley Mines Limited has applied to the ASX for quotation of 5,035,833 new ordinary fully paid shares, following the exercise or conversion of options or other convertible securities. The modest increase in quoted securities, effective 30 Ja...
Mount Ridley Defines Major Scandium and Gallium Resources, Expands Critical Minerals Footprint
Jan 30, 2026
Mount Ridley Mines has reported a maiden JORC (2012) Inferred Mineral Resource for both scandium and gallium at its Mount Ridley Critical Minerals Project, outlining 367.98Mt at 57.3 ppm scandium and 838.7Mt at 29.3 ppm gallium, confirming lateral...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.