MRG Metals Limited (AU:MRQ)
ASX:MRQ
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MRG Metals Limited
(Sydney:MRQ)
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Rating:46Neutral
Price Target:
AU$0.01
â–²(150.00% Upside)
Action:UpgradedDate:12/30/25
The score is primarily held back by weak financial performance—ongoing losses, minimal/volatile revenue, and persistent negative operating and free cash flow. The main support comes from a debt-free balance sheet and stable equity base, which lowers solvency risk, while technical and valuation inputs are unavailable from the provided data.
Positive Factors
Debt-Free Balance Sheet
A debt-free balance sheet reduces financial risk, providing MRG Metals with greater flexibility to invest in growth opportunities without the burden of interest payments.
Negative Factors
Consistent Negative Cash Flow
Persistent negative cash flow indicates ongoing operational challenges and reliance on external funding, which may hinder long-term sustainability and growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-Free Balance Sheet
A debt-free balance sheet reduces financial risk, providing MRG Metals with greater flexibility to invest in growth opportunities without the burden of interest payments.
Read all positive factors
MRG Metals Limited (MRQ) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$8.96M
Dividend YieldN/A
Average Volume (3M)N/A
Price to Earnings (P/E)―
Beta (1Y)-2.43
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)0.00
Shares Outstanding2,985,401,100
10 Day Avg. VolumeN/A
30 Day Avg. VolumeN/A
Financial Highlights & Ratios
PEG Ratio0.39
Price to Book (P/B)1.32
Price to Sales (P/S)1560.53
P/FCF Ratio-14.84
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
MRG Metals Limited Business Overview & Revenue Model
Company Description
MRG Metals Ltd, together with its subsidiaries, engages in the exploration and development of heavy mineral sands in Mozambique. The company holds interests in Heavy Mineral Sands projects comprising 2 licenses the Corridor Central and Corridor So...
How the Company Makes Money
MRG Metals Limited generates revenue by exploring and developing mineral resource projects, particularly those rich in heavy mineral sands. The company's primary revenue streams include the sale of discovered mineral resources, such as zircon, rut...
MRG Metals Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
64
Positive
Cash Flow
27
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 5.84K | 13.27K | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 5.84K | 13.27K | 0.00 | -19.80K | 0.00 |
| EBITDA | -403.62K | 0.00 | -749.47K | -752.55K | -692.54K | -665.90K |
| Net Income | -715.34K | -939.01K | -847.05K | -846.89K | -702.34K | -665.66K |
Balance Sheet | ||||||
| Total Assets | 8.21M | 7.09M | 7.21M | 6.81M | 6.61M | 5.69M |
| Cash, Cash Equivalents and Short-Term Investments | 1.05M | 193.83K | 359.55K | 575.05K | 1.02M | 1.61M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 182.35K | 168.83K | 223.54K | 59.52K | 205.92K | 127.04K |
| Stockholders Equity | 8.02M | 6.92M | 6.98M | 6.75M | 6.40M | 5.56M |
Cash Flow | ||||||
| Free Cash Flow | -551.71K | -614.38K | -1.32M | -1.63M | -1.98M | -2.01M |
| Operating Cash Flow | -551.72K | -614.38K | -730.92K | -933.55K | -668.49K | -701.93K |
| Investing Cash Flow | -425.72K | -341.14K | -568.17K | -693.59K | -1.33M | -1.31M |
| Financing Cash Flow | 1.41M | 789.80K | 1.08M | 1.18M | 1.41M | 2.90M |
MRG Metals 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$8.96M | -7.75 | -9.58% | ― | ― | ― | |
45 Neutral | AU$19.02M | -2.31 | -137.88% | ― | ― | -15.38% | |
45 Neutral | AU$18.22M | -2.70 | -6.79% | ― | ― | 29.34% | |
45 Neutral | AU$24.62M | -9.14 | -2.36% | ― | ― | 84.36% | |
43 Neutral | AU$10.62M | -13.13 | -5.53% | ― | ― | -25.00% |
* Basic Materials Sector Average
AU:MRQ
MRG Metals Limited
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―
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MRG Metals Limited Corporate Events
MRG Metals Launches Mining Right Application for High-Grade Garies Rare Earth Project
Jan 14, 2026
MRG Metals has begun the permitting process for its recently acquired high-grade Garies Rare Earth Project in South Africa, appointing environmental consultancy AmberEarth and mining specialists Tech Code to prepare the Environmental Assessment, M...
MRG Metals Issues Shares and Options as Capital-Raising Fee
Jan 12, 2026
MRG Metals Limited has issued 11.7 million fully paid ordinary shares and 7.2 million listed options to Pinnacle Equities and Peak Asset Management as payment for capital-raising services, with the options exercisable at $0.004 and expiring on 19 ...
MRG Metals Seeks ASX Quotation for New Shares and Options Tied to Lead Manager Fees
Jan 12, 2026
MRG Metals Limited has applied to the ASX for quotation of 11.7 million new fully paid ordinary shares and 7.2 million options expiring on 19 August 2027, both issued on 13 January 2026. The securities issuance, linked to the receipt of lead manag...
MRG Metals Seeks ASX Quotation for Additional Ordinary Shares
Jan 12, 2026
MRG Metals Limited has applied to the ASX for quotation of 182,524 new fully paid ordinary shares under ticker MRQ. The additional securities, issued on 13 January 2026 following the exercise or conversion of existing options or other convertible ...
MRG Metals Raises $730,000 via Share and Option Placement
Dec 23, 2025
MRG Metals Limited has raised $730,000 before costs through a placement of 146 million fully paid ordinary shares at $0.005 per share, accompanied by 146 million free attaching options exercisable at $0.004 and expiring on 14 August 2027, to insti...
MRG Metals Seeks ASX Quotation for 146 Million New Shares and Options
Dec 23, 2025
MRG Metals Limited has applied to the ASX for quotation of 146 million new ordinary fully paid shares and 146 million options expiring on 19 August 2027, both to be issued on 24 December 2025. The substantial dual issuance, previously foreshadowed...
MRG Metals Plans Major Share and Option Placement to Boost Capital Base
Dec 22, 2025
MRG Metals Limited has announced a proposed capital raising via the issue of up to 146 million new fully paid ordinary shares and 146 million options, with the options expiring on 19 August 2027. The placement, scheduled for issue on 24 December 2...
MRG Metals Raises A$0.73m to Advance Rare Earth and Mineral Sands Projects
Dec 22, 2025
MRG Metals has secured firm commitments to raise approximately A$0.73 million through a non-underwritten placement of 146 million shares at A$0.005 each, with free attaching options, primarily to sophisticated and professional investors, alongside...
MRG Metals Secures High-Grade Garies Rare Earth Project in South Africa
Dec 22, 2025
MRG Metals has completed the acquisition of Sheerartar Minerals, securing the high-grade Garies Rare Earth Project in South Africa, a Tier-1 mining jurisdiction adjacent to the Steenkampskraal Monazite Mine. The scrip-based deal gives MRG 70% owne...
MRG Metals Requests Trading Halt Ahead of Acquisition and Capital Raising
Dec 19, 2025
MRG Metals Limited has requested an immediate trading halt on its securities on the Australian Securities Exchange as it prepares to announce an acquisition and a capital raising. The halt will remain in place until the company releases the announ...
MRG Metals Initiates Exploration at Fotinho Licence for Rare Earth Potential
Dec 16, 2025
MRG Metals Limited has commenced exploration activities at its Fotinho licence in Mozambique, following the completion of necessary administrative and community processes. The exploration aims to validate and extend historical findings of monazite...
MRG Metals Expands Heavy-Mineral Footprint at Adriano Project
Dec 11, 2025
MRG Metals Limited has announced the expansion of its heavy-mineral alluvial footprint at the Adriano Rare Earth Project in Mozambique, following additional auger drilling in the south-east area of the licence. The new drilling results, which incl...
MRG Metals Unveils High-Grade Rare Earth Potential at Adriano Project
Dec 10, 2025
MRG Metals Limited has announced promising high-grade laboratory results from auger drillholes at its Adriano Rare Earth Project in Mozambique, indicating significant alluvial deposits and district-scale potential for rare earth elements. These fi...
MRG Metals Announces Expiry of Quoted Options
Nov 27, 2025
MRG Metals Limited announced the expiry of its quoted options (ASX: MRQO), which can be exercised by holders until December 31, 2025, at a price of $0.008 per option. The company has informed option holders of their choices, including exercising, ...
MRG Metals Advances Mozambique Mineral Sands Project with Sinowin Lithium
Nov 25, 2025
MRG Metals Limited has announced that its joint venture partner, Sinowin Lithium, is actively deploying funds from the initial tranche of a US$6 million commitment to advance their heavy mineral sands project in Mozambique. The Mozambican Governme...
MRG Metals Issues Options to Strengthen Financial Position
Nov 20, 2025
MRG Metals Limited has announced the issuance of 9,149,800 MRQOD options to Peak Asset Management as compensation for capital raising services, with an exercise price of $0.004 and an expiration date of August 19, 2027. This strategic move, approv...
MRG Metals Limited Announces Quotation of New Securities
Nov 20, 2025
MRG Metals Limited has announced the quotation of 9,149,800 options expiring on August 19, 2027, following approval at their Annual General Meeting on November 17, 2025. This move is expected to enhance the company’s financial flexibility an...
MRG Metals Limited Successfully Passes All Resolutions at Annual General Meeting
Nov 17, 2025
MRG Metals Limited held its Annual General Meeting where all resolutions were successfully passed. Key resolutions included the adoption of the Remuneration Report, the re-election of Mr. Christopher Gregory, approval of a proposed MRQOD Option is...
MRG Metals Dispatches Samples for Rare Earth Potential Testing at Adriano
Nov 6, 2025
MRG Metals Limited has dispatched pegmatite and alluvial samples from its Adriano Rare Earth Project in Mozambique for laboratory testing. This initiative aims to confirm the presence of a primary rare earth mineralization source, potentially vali...
MRG Metals Confirms Significant Rare Earth Potential at Adriano Project
Oct 30, 2025
MRG Metals Limited announced that their auger drilling at the Adriano Rare Earth Project in Mozambique has confirmed four distinct alluvial deposit areas, indicating significant potential for rare earth mineralization. All 37 holes drilled showed ...
MRG Metals Advances Corridor Sands Project with New Mining Licence
Oct 30, 2025
MRG Metals Limited has announced the granting of the Corridor South Mining Licence, a significant milestone for its fully funded 2-billion-tonne Corridor Sands Project in Mozambique. In partnership with Sinowin Lithium, the project aims to ramp up...
MRG Metals Identifies Significant Alluvial Deposits at Adriano Project
Oct 27, 2025
MRG Metals Limited has confirmed the presence of four distinct alluvial deposit areas at its Adriano Rare Earth Project in Mozambique, with all 37 auger holes showing significant visible heavy minerals. This discovery, alongside the identification...
MRG Metals Expedites Testing in Promising Rare Earth Project
Oct 22, 2025
MRG Metals Limited has accelerated laboratory testing on samples from its Adriano Rare Earth Project in Mozambique, following promising early results. The company aims to confirm whether the discovered pegmatites are the primary source of rare ear...
MRG Metals Identifies Potential Rare Earth Deposits at Adriano Site
Oct 16, 2025
MRG Metals Limited has announced promising results from its auger drilling at the Adriano site, where all 17 drill holes revealed substantial quantities of heavy mineral concentrate in alluvial deposits. The discovery of pegmatite outcrops along t...
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.
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Disclaimer
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