PolarX Ltd (AU:PXX)
ASX:PXX
Top Page
PolarX Ltd
(Sydney:PXX)
Select Model
Select Model
Rating:42Neutral
Price Target:
AU$0.02
▲(0.00% Upside)
Action:ReiteratedDate:03/24/26
Overall score is driven primarily by weak financial performance (pre-revenue, ongoing losses, and negative free cash flow despite improved net loss) and a soft technical picture (below key moving averages with slightly negative MACD). Valuation also remains challenging due to a negative P/E and no dividend yield support.
Positive Factors
Balance Sheet Strength
A ~36.9M equity base and very low leverage provide a durable financial buffer for ongoing exploration. This reduces immediate solvency risk, preserves optionality to fund drill programmes or partner projects, and supports multi-month liquidity even amid continued cash burn.
Negative Factors
Pre‑revenue Operations
Being pre‑revenue means no operating cash inflows from sales; the business is dependent on capital markets or partners. Over 2–6 months this structurally limits self‑funding ability, increases execution risk on exploration timelines, and raises dilution probability.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
A ~36.9M equity base and very low leverage provide a durable financial buffer for ongoing exploration. This reduces immediate solvency risk, preserves optionality to fund drill programmes or partner projects, and supports multi-month liquidity even amid continued cash burn.
Read all positive factors
PolarX Ltd (PXX) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$57.23M
Dividend YieldN/A
Average Volume (3M)11.90M
Price to Earnings (P/E)―
Beta (1Y)2.32
Revenue GrowthN/A
EPS Growth88.57%
CountryAU
Employees1
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding2,725,019,300
10 Day Avg. Volume12,350,916
30 Day Avg. Volume11,903,097
Financial Highlights & Ratios
PEG Ratio0.08
Price to Book (P/B)0.37
Price to Sales (P/S)0.00
P/FCF Ratio-2.80
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
PolarX Ltd Business Overview & Revenue Model
Company Description
PolarX Limited engages in the exploration and development of mineral properties in the United States. The company primarily explores for copper, silver, and gold deposits. Its projects portfolio includes the Alaska Range project, which comprise St...
How the Company Makes Money
PolarX Ltd generates revenue primarily through the discovery and development of mineral deposits, which are then either sold outright to other mining companies or developed into commercially viable mining operations. The company may also earn inco...
PolarX Ltd Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
62
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -4.16K | -9.08K | -12.78K | -1.58K | -2.36K | -1.79K |
| EBITDA | -3.17M | -1.74M | -11.79M | -1.50M | -1.41M | -1.16M |
| Net Income | -3.25M | -1.80M | -11.81M | -1.56M | -1.60M | -1.30M |
Balance Sheet | ||||||
| Total Assets | 47.46M | 40.12M | 36.33M | 40.43M | 37.64M | 31.91M |
| Cash, Cash Equivalents and Short-Term Investments | 5.63M | 2.86M | 1.56M | 732.03K | 1.95M | 3.49M |
| Total Debt | 0.00 | 3.06M | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 286.26K | 3.20M | 1.20M | 141.68K | 308.02K | 177.25K |
| Stockholders Equity | 42.86M | 36.92M | 35.13M | 40.29M | 37.33M | 31.73M |
Cash Flow | ||||||
| Free Cash Flow | -6.08M | -4.84M | -5.92M | -3.02M | -4.92M | -5.04M |
| Operating Cash Flow | -3.08M | -1.85M | -1.33M | -1.44K | -1.48K | -1.22K |
| Investing Cash Flow | -3.64M | -3.00M | -4.59M | -3.02M | -4.92M | -5.04M |
| Financing Cash Flow | 9.32M | 6.08M | 6.75M | 3.25M | 4.86M | 5.62M |
PolarX Ltd 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% | |
48 Neutral | AU$31.42M | -12.76 | -11.53% | ― | ― | 40.00% | |
47 Neutral | AU$9.06M | -6.22 | -6.75% | ― | ― | 16.67% | |
43 Neutral | AU$20.08M | -6.00 | -2.90% | ― | ― | 48.72% | |
42 Neutral | AU$153.38M | -6.42 | -8.06% | ― | ― | 37.04% | |
42 Neutral | AU$57.23M | -9.34 | -8.15% | ― | ― | 88.57% | |
41 Neutral | AU$21.22M | -7.09 | -51.58% | ― | -100.00% | 8.51% |
* Basic Materials Sector Average
AU:PXX
PolarX Ltd
0.02
0.01
110.00%
AU:HIO
Hawsons Iron Ltd
0.02
<0.01
33.33%
AU:REE
RareX Limited
0.02
>-0.01
-15.00%
AU:CBE
Cobre Limited
0.16
0.11
220.00%
AU:AHN
Athena Resources Limited
―
―
―
AU:VRC
Volt Resources Ltd
0.01
0.00
0.00%
PolarX Ltd Corporate Events
PolarX extends high-grade copper at Alaska’s Caribou Dome with new drilling results
Apr 7, 2026
PolarX has reported a suite of exceptional assays from nine diamond drill holes completed in 2025 at the Caribou Dome Copper Project in Alaska, with eight holes intersecting very high-grade copper and associated silver. The results, including inte...
PolarX and Northern Star Lock In US$6.9m Alaska Exploration Budget and Revise JV Timelines
Apr 1, 2026
PolarX and Northern Star have approved a 2026 exploration program and budget of about US$6.9 million for their Alaska Range Joint Venture, centred on a 10,500-metre diamond drilling campaign at the Caribou Dome Copper Project. The spend, which inc...
PolarX Extends Humboldt Range Gold-Silver Potential With Strong Silver Assays at Ridgeline
Mar 30, 2026
PolarX has reported strong silver assays from its first drilling campaign at the Ridgeline prospect within the Humboldt Range Project in Nevada, reinforcing earlier high-grade gold results from the same holes. The program has defined broad zones o...
PolarX publishes reviewed half-year financial report for 2025
Mar 13, 2026
PolarX Limited has released its financial report for the half-year ended 31 December 2025, providing investors with consolidated statements of profit or loss, financial position, cash flows and changes in equity. The report, which includes directo...
PolarX Reports High-Grade Gold Intercepts at Nevada’s Humboldt Range
Mar 3, 2026
PolarX Limited has reported strong initial drilling results from the Ridgeline prospect within its Humboldt Range gold-silver project in Nevada, intersecting multiple wide gold-mineralised zones from surface. Significant intercepts from the first ...
PolarX flags major gold find at Nevada’s Humboldt Range
Feb 25, 2026
PolarX has reported strong initial drilling results from the Ridgeline prospect at its Humboldt Range gold-silver project in Nevada, intersecting multiple wide gold-mineralised zones from surface over an 800-metre strike length. The program confir...
PolarX Issues 30 Million Unquoted Options as Part of Prior Transaction
Feb 10, 2026
PolarX Ltd has notified the market of a new issue of unquoted securities, consisting of 30,000,000 unlisted options. These options are exercisable at $0.031 each and will expire on 9 February 2029, and they are not intended to be quoted on the ASX...
PolarX Grants 30 Million Unlisted Options to Key Consultants
Feb 10, 2026
PolarX Ltd has issued 30 million unlisted options to key consultants as part of their remuneration for services to the company, with each option carrying an exercise price of $0.031 and an expiry date of 9 February 2029. The options, which convert...
PolarX Plans Issue of 30 Million Unlisted Options to Support Funding Flexibility
Feb 9, 2026
PolarX Ltd has disclosed plans for a new securities issue, proposing to create and issue up to 30 million unlisted options as part of a placement or similar capital-raising structure. The options will carry an exercise price of $0.031 and will be ...
PolarX Completes Drilling at Nevada’s Humboldt Range as Assay Results Near
Jan 30, 2026
PolarX reported on its December 2025 quarter activities, highlighting completion of a 13-hole reverse circulation drilling program at the Ridgeline target within the Black Canyon property of its Humboldt Range Gold-Silver Project in Nevada. The 2,...
PolarX Seeks ASX Quotation for 1.59 Million New Shares
Jan 14, 2026
PolarX Ltd has applied to the ASX for quotation of 1,588,794 new fully paid ordinary shares under the code PXX, following a previously notified transaction. The additional securities, issued on 14 January 2026, will expand the company’s quot...
PolarX Issues Shares to Contractor for Humboldt Range Gold Project Services
Jan 14, 2026
PolarX Limited has issued 1,588,794 ordinary shares at a deemed price of $0.025 per share to a contractor as payment for services provided on its Humboldt Range Gold Project, utilizing its existing placement capacity under ASX Listing Rule 7.1. Th...
PolarX Plans Targeted Share Placement of 1.59 Million Shares
Jan 14, 2026
PolarX Limited has announced a proposed placement of up to 1,588,794 new fully paid ordinary shares, with the securities to be issued and quoted on the ASX under the company’s existing listing. The capital raising, scheduled for 14 January 2...
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.