QX Resources Ltd (QXR) AI Stock Analysis

• Market Cap: AU$4.59M
• Dividend Yield: N/A
• Average Volume (3M): 692.40K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.06
• Revenue Growth: N/A
• EPS Growth: 66.67%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 60
• Industry: Industrial Materials
• EPS (TTM): 0.00
• Shares Outstanding: 1,310,328,900
• 10 Day Avg. Volume: 849,383
• 30 Day Avg. Volume: 692,397
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

QX Resources Ltd faces significant financial challenges, primarily due to its lack of revenue and ongoing operational losses. While the company's strong equity base and lack of debt offer some stability, the negative cash flows and absence of profitability are critical concerns. The lack of technical indicators and a poor valuation score further diminish its attractiveness, leading to a low overall stock score.

QX Resources Ltd Business Overview & Revenue Model

Company Description

QX Resources Ltd (QXR) is an Australian-based mineral exploration company focused on the acquisition, exploration, and development of prospective gold, lithium, and other critical minerals projects. The company operates primarily within the mining and resources sector, leveraging its expertise to identify and develop high-potential mining assets across key regions.

How the Company Makes Money

QX Resources Ltd generates revenue through the exploration and development of its mineral projects. The company makes money by discovering and proving up mineral resources, which can then be sold, developed, or partnered with larger mining companies. Revenue streams include the sale of mineral rights, joint venture agreements, and potentially the direct sale of mined commodities. Strategic partnerships and joint ventures with larger mining firms or investors are critical to providing the necessary capital and expertise for advancing their projects to production stages, contributing significantly to their earnings.

QX Resources Ltd Financial Statement Overview

Summary

QX Resources Ltd is facing significant challenges in generating revenue and achieving profitability. The strong equity base and lack of debt provide some financial stability, but the ongoing operational losses and negative cash flows pose risks to long-term sustainability. The company needs to focus on revenue generation and cost management to improve its financial position.

Income Statement

QX Resources Ltd has not generated any revenue in the TTM period or the prior fiscal year. The company continues to incur net losses, with a negative EBIT and EBITDA. There is no evidence of revenue growth, and the net profit margin is negative due to ongoing losses. The lack of revenue and profit growth is a significant concern for the company's financial health.

Balance Sheet

The balance sheet shows a strong equity position with zero debt, resulting in a favorable debt-to-equity ratio. The company has a high equity ratio, indicating a robust capital structure with limited liabilities. However, despite the strong equity position, the company is experiencing ongoing losses, which could erode equity value over time.

Cash Flow

QX Resources Ltd has negative operating cash flow and free cash flow, indicating cash outflows are surpassing inflows. The free cash flow growth rate is negative, showing declining cash generation capability. The operating cash flow to net income and free cash flow to net income ratios are unfavorable, highlighting challenges in achieving cash profitability.

Breakdown
Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
0.00	133.50K	0.00	0.00	0.00
	Gross Profit
0.00	133.50K	0.00	0.00	0.00
	EBIT
-981.70K	-1.04M	-3.76M	-1.45M	-485.42K
	EBITDA
-1.23M	-1.04M	-3.76M	-590.45K	-487.85K
	Net Income Common Stockholders
-1.77M	-1.97M	-4.51M	-1.45M	-487.86K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
655.55K	1.97M	3.97M	1.74M	867.89K
	Total Assets
6.47M	4.16M	4.89M	3.54M	1.63M
	Total Debt
0.00	0.00	0.00	0.00	0.00
	Net Debt
-540.04K	-1.82M	-3.64M	-1.74M	-867.89K
	Total Liabilities
238.39K	246.59K	174.88K	184.78K	553.66K
	Stockholders Equity
6.23M	3.92M	4.72M	3.36M	1.08M
Cash Flow		Free Cash Flow
-1.16M	-1.66M	-1.13M	-557.92K	-163.30K
	Operating Cash Flow
-823.11K	-719.33K	-693.01K	-442.05K	-133.16K
	Investing Cash Flow
-3.63M	-1.92M	-1.03M	-783.48K	-30.14K
	Financing Cash Flow
3.17M	830.83K	3.62M	2.10M	483.83K

QX Resources Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	49 Neutral	$1.94B	-1.23	-21.28%	3.73%	1.19%	-29.73%
CXO	47 Neutral	$152.15M	―	-21.25%	―	-70.50%	62.71%
ARL	46 Neutral	$85.22M	―	-15.37%	―	―	-34.41%
GL1	44 Neutral	AU$41.88M	―	-2.83%	―	―	-6.51%
INR	38 Underperform	AU$306.24M	―	-4.75%	―	―	-175.00%
LTR	36 Underperform	€1.35B	―	-6.32%	―	―	3.33%
QXR	32 Underperform	AU$4.59M	―	-14.34%	―	―	66.67%

QX Resources Ltd Corporate Events

QX Resources Advances Exploration in Gold and Iron Ore Projects

QX Resources Ltd’s quarterly activities report highlights their ongoing exploration efforts in Queensland and Western Australia. The company is advancing its gold projects in the Drummond Basin, with plans for further trenching and potential drilling at the Big Red Project, which shows promising high-grade gold targets. Additionally, QX Resources is exploring copper-gold-molybdenum prospects and iron ore projects, although on-ground exploration was delayed this quarter. These efforts aim to enhance the company’s resource base and strengthen its position in the mining industry.

QX Resources Expands Share Capital Through Option Conversion

QX Resources Limited has issued 251,013 fully paid ordinary shares following the conversion of unlisted options, each exercisable at $0.01. This move, conducted without investor disclosure under Part 6D.2 of the Corporations Act, signifies compliance with relevant legal provisions, potentially impacting the company’s capital structure and stakeholder interests.

QX Resources Limited Announces Quotation of New Securities

QX Resources Limited has announced the quotation of 251,013 ordinary fully paid securities on the Australian Securities Exchange (ASX) under the code QXR. This move is part of the company’s strategy to enhance its market presence and liquidity, potentially impacting its operational capabilities and stakeholder interests positively.