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Mount Ridley Mines Limited (AU:MRD)
ASX:MRD
Australian Market

Mount Ridley Mines Limited (MRD) AI Stock Analysis

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AU

Mount Ridley Mines Limited

(Sydney:MRD)

Rating:41Neutral
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 (MRD) vs. iShares MSCI Australia ETF (EWA)

Mount Ridley Mines Limited Business Overview & Revenue Model

Company DescriptionMount 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 MoneyMount 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
40
Negative
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
45
Neutral
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
35
Negative
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
TTMJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income StatementTotal Revenue
80.85K1.09M683.52K9.64K6.29K114.13K
Gross Profit
80.85K1.09M597.20K-21.44K112.00106.83K
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 SheetCash, Cash Equivalents and Short-Term Investments
1.77M1.79M3.86M2.73M3.85M1.99M
Total Assets
2.68M3.96M6.41M5.17M5.93M2.87M
Total Debt
0.0024.17K57.41K80.90K0.000.00
Net Debt
-1.01M-1.37M-3.41M-2.18M-1.45M-399.92K
Total Liabilities
61.73K162.11K477.85K211.87K384.20K78.44K
Stockholders Equity
2.61M3.80M5.93M4.96M5.55M2.79M
Cash FlowFree 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
122.43K5.03K-277.09K293.48K-50.53K167.79K
Financing Cash Flow
-33.88K-35.94K5.45M3.71M2.66M336.74K

Mount Ridley Mines Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
51
Neutral
$2.02B-1.19-21.37%3.64%2.88%-30.57%
AUMRD
41
Neutral
AU$1.56M-94.58%15.56%
DEC8U
€283.39M-16.63%
$11.53M-53.93%
$21.17M-20.67%
AUMEU
35
Underperform
AU$48.31M-2.31%-33.33%
AUG88
28
Underperform
AU$7.62M-31.24%30.16%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:MRD
Mount Ridley Mines Limited
0.01
0.00
0.00%
DE:C8U
Chalice Mining
0.71
-0.19
-21.11%
ARTTF
Artemis Resources
0.01
-0.01
-50.00%
TLSMF
Talisman Mining Limited
0.10
0.00
0.00%
AU:MEU
Marmota Limited
0.04
0.00
0.00%
AU:G88
Golden Mile Resources Ltd.
0.01
0.00
0.00%

Mount Ridley Mines Limited Corporate Events

Mount Ridley Mines Appoints New Auditor for Improved Efficiency
Jun 6, 2025

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
Apr 30, 2025

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
Apr 2, 2025

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
Apr 2, 2025

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
Mar 12, 2025

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.

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.