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MinRex Resources Limited
(Sydney:MRR)
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Rating:44Neutral
Price Target:
AU$0.02
▼(-25.00% Downside)
Action:Reiterated
Date:07/04/26
The score is held down primarily by weak financial performance driven by ongoing losses and negative operating/free cash flow, despite a low-debt balance sheet. Technicals also lean bearish with the price below key moving averages and a negative MACD. Valuation is limited by a negative P/E (loss-making) and no dividend yield data.
Positive Factors
Low leverage / strong balance sheet
Minimal debt reduces refinancing and interest-rate risk and preserves financial flexibility for exploration and project development. With debt-to-equity near zero, management can prioritize operational investments or selective financing, a durable buffer in cyclical commodity markets.
Negative Factors
Persistent negative cash flow
Operating and free cash flows are consistently negative, indicating ongoing cash burn and operational cash deficits. Persistent negative cash generation forces recurring capital raises, constrains exploration and development spend, and increases dilution risk until cash flows sustainably turn positive.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
Minimal debt reduces refinancing and interest-rate risk and preserves financial flexibility for exploration and project development. With debt-to-equity near zero, management can prioritize operational investments or selective financing, a durable buffer in cyclical commodity markets.
Read all positive factors
MinRex Resources Limited (MRR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$32.15M
Dividend YieldN/A
Average Volume (3M)1.81M
Price to Earnings (P/E)―
Beta (1Y)1.04
Revenue GrowthN/A
EPS Growth15.79%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding2,143,153,300
10 Day Avg. Volume2,057,615
30 Day Avg. Volume1,805,245
Financial Highlights & Ratios
PEG Ratio0.08
Price to Book (P/B)0.67
Price to Sales (P/S)265.42
P/FCF Ratio-6.97
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
MinRex Resources Limited Business Overview & Revenue Model
Company Description
MinRex Resources Limited, an Australian company founded in 2011 and based in Perth, is dedicated to discovering and developing mineral deposits. The firm primarily concentrates its efforts on gold, silver, copper, and various other base metals acr...
How the Company Makes Money
null...
MinRex Resources Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
68
Positive
Cash Flow
20
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 17.57K | 32.38K | 6.02K | 0.00 | 0.00 | 0.00 |
| Gross Profit | 14.81K | 32.38K | -70.31K | -113.36K | -66.82K | -50.93K |
| EBITDA | -2.23M | -2.06M | -4.23M | -17.19M | -2.65M | -1.00M |
| Net Income | -1.79M | -2.36M | -4.30M | -17.31M | -2.72M | -1.06M |
Balance Sheet | ||||||
| Total Assets | 12.39M | 12.95M | 14.81M | 19.03M | 34.60M | 12.08M |
| Cash, Cash Equivalents and Short-Term Investments | 8.32M | 499.32K | 9.94M | 11.69M | 14.19M | 2.45M |
| Total Debt | 0.00 | 0.00 | 71.73K | 105.03K | 129.71K | 102.69K |
| Total Liabilities | 178.64K | 192.14K | 270.44K | 532.39K | 475.47K | 452.62K |
| Stockholders Equity | 12.21M | 12.76M | 14.53M | 18.50M | 34.12M | 11.63M |
Cash Flow | ||||||
| Free Cash Flow | -732.17K | -1.23M | -2.13M | -3.69M | -2.65M | -1.04M |
| Operating Cash Flow | -732.17K | -1.23M | -1.98M | -3.54M | -2.35M | -664.79K |
| Investing Cash Flow | 0.00 | -174.42K | -7.94M | -192.45K | -232.13K | -379.12K |
| Financing Cash Flow | 191.19K | 171.50K | -37.81K | 1.23M | 14.32M | 2.99M |
MinRex Resources Limited Technical Analysis
Positive
0.02
Price Trends
Market Momentum
>-0.01
Neutral
100.00
Negative
-33.33
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MRR, the sentiment is Positive. The current price of 0.02 is above the 20-day moving average (MA) of 0.01, equal to the 50-day MA of ―, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of >-0.01 indicates Neutral momentum. The RSI at 100.00 is Negative, neither overbought nor oversold. The STOCH value of -33.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:MRR.
MinRex Resources 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% | |
50 Neutral | AU$39.87M | 5.71 | 43.34% | ― | ― | ― | |
44 Neutral | AU$32.15M | -15.00 | -14.34% | ― | ― | 15.79% | |
44 Neutral | AU$44.18M | -4.54 | -25.29% | ― | ― | -31.13% | |
41 Neutral | AU$37.08M | -0.56 | -124.69% | ― | ― | 94.07% | |
38 Underperform | AU$28.90M | -0.92 | -28.53% | ― | ― | ― | |
34 Underperform | AU$41.08M | -1,261.98 | -0.21% | ― | ― | -77.34% |
* Basic Materials Sector Average
AU:MRR
MinRex Resources Limited
0.02
<0.01
50.00%
AU:S2R
S2 Resources
0.08
>-0.01
-8.43%
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Jindalee Resources Limited
0.34
-0.05
-12.98%
AU:RCM
Armada Metals Ltd.
0.03
<0.01
6.45%
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Errawarra Resources Ltd.
0.11
-0.09
-45.00%
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Arizona Lithium Limited
0.01
0.00
0.00%
MinRex Resources Limited Corporate Events
MinRex Shifts to Operatorship With 2026 Growth Plan and Barje Drilling Restart
Jul 30, 2026
MinRex Resources has outlined a dual-stream Growth Execution Plan for 2026, targeting advancement of its flagship Tlamino Gold Project while progressing broader Serbian and Australian exploration assets. The strategy focuses on upgrading resource...
MinRex Resources Issues 4.6 Million New Shares Under Cleansing Notice
Jul 27, 2026
MinRex Resources Limited has issued 4,609,900 new shares in its capital, using provisions that allow securities to be offered without a full disclosure document under the Corporations Act. The company has formally notified the market of this issua...
MinRex Resources Seeks ASX Quotation for 4.6 Million New Shares
Jul 27, 2026
MinRex Resources Limited has lodged an application with the ASX for quotation of 4,609,900 new ordinary fully paid shares. The securities are being issued under an agreement and are scheduled to be quoted with an issue date of July 27, 2026.The mo...
MinRex Resources Announces Executive Director Departure After Serbian Integration
Jul 26, 2026
MinRex Resources Limited has announced that Executive Director Elena Clarici will step down from her role effective 24 October 2026, marking a key leadership change following the company’s merger with Electrum Discovery Corp. Clarici joined ...
Minrex strengthens Serbian leadership team for Tlamino Gold Project
Jul 2, 2026
Minrex Resources has strengthened its Serbian operations by appointing geologist Dr Milorad Antić as Exploration Manager and mining lawyer Marko Ćurić as General Counsel. The new hires bring deep regional exploration, legal and regu...
Minrex advances Tlamino drilling and launches Ausenco-led metallurgical program
Jul 1, 2026
Minrex Resources has completed twelve infill diamond drill holes totaling 1,224.5 metres at the Barje deposit in Serbia, achieving average core recoveries of about 88% and dispatching the first batch of 537 samples to ALS’s Bor laboratory fo...
MinRex lists 7.5 million new options on ASX
Jun 25, 2026
MinRex Resources Limited has applied for quotation on the ASX of 7,500,000 listed options under the code MRRO, each expiring on January 20, 2030. The new options, issued on June 25, 2026, expand the company’s listed securities base and may p...
MinRex Appoints Robert Edwards as Director With No Current Shareholding
Jun 3, 2026
MinRex Resources Limited has appointed Robert Edwards as a director effective 3 June 2026, according to an initial director’s interest notice filed with the ASX. The filing confirms that Edwards holds no relevant interests in the companyR...
Minrex taps veteran deal-maker Robert Edwards as chair amid Serbia drilling push
Jun 3, 2026
Minrex Resources has appointed Robert Edwards as Non-Executive Chair, coinciding with the start of drilling at the Barje Deposit within its flagship Tlamino Gold Project in southern Serbia. The move strengthens the board with deep global mining, c...
MinRex details Electrum acquisition and Balkans growth platform
May 5, 2026
MinRex Resources has released a corporate presentation outlining its acquisition of Electrum Discovery Corp. and the integration of Electrum’s Balkan gold and copper assets, including the Tlamino Gold Project and Timok East Gold-Copper Proje...
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.