Ragnar Metals Limited (AU:RAG)
ASX:RAG
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Ragnar Metals Limited
(Sydney:RAG)
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Rating:53Neutral
Price Target:
AU$0.03
▼(-6.67% Downside)
Action:Reiterated
Date:03/24/26
The score is primarily held back by ongoing losses and persistent negative operating/free cash flow despite strong revenue growth. A debt-free, equity-heavy balance sheet improves stability, while technical indicators suggest weak near-term momentum. Valuation appears low based on P/E, but lacks dividend support.
Positive Factors
Debt-free balance sheet
Zero reported debt materially reduces refinancing and interest-rate risk for a junior explorer. This structural strength preserves financial flexibility to pursue exploration or farm-outs, making the company less vulnerable to credit market shocks over the next several months.
Negative Factors
Negative operating & free cash flow
Persistent negative operating and free cash flow indicate the business cannot self-fund exploration or development. Continued cash burn forces reliance on external financing, constrains sustained drilling programs, and raises execution risk for converting prospects into economic deposits.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Zero reported debt materially reduces refinancing and interest-rate risk for a junior explorer. This structural strength preserves financial flexibility to pursue exploration or farm-outs, making the company less vulnerable to credit market shocks over the next several months.
Read all positive factors
Ragnar Metals Limited (RAG) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$13.68M
Dividend YieldN/A
Average Volume (3M)937.39K
Price to Earnings (P/E)2.8
Beta (1Y)0.86
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
Employees1
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)0.00
Shares Outstanding488,489,380
10 Day Avg. Volume852,782
30 Day Avg. Volume937,387
Financial Highlights & Ratios
PEG Ratio0.36
Price to Book (P/B)0.80
Price to Sales (P/S)7.18
P/FCF Ratio-3.78
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
Ragnar Metals Limited Business Overview & Revenue Model
Company Description
Ragnar Metals Limited engages in the exploration and evaluation of mineral properties. The company explores for nickel, gold, silver, copper, and base metals. It holds a 100% interest in the Tullsta Nickel prospect; and Gaddebo Nickel project in t...
How the Company Makes Money
Ragnar Metals Limited generates revenue through its mineral exploration activities, with the potential to earn income from discovering and developing economically viable mineral deposits. This revenue typically comes from selling mineral resources...
Ragnar Metals Limited Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
78
Positive
Cash Flow
22
Negative
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.22M | 335.20K | 5.65K | 24.93K | 102.00 |
| Gross Profit | 1.22M | 335.20K | 5.65K | 25.43K | 102.00 |
| EBITDA | -198.89K | -2.41M | -456.00K | -983.00K | -744.54K |
| Net Income | -305.99K | 3.61M | -456.00K | -1.20M | -835.00K |
Balance Sheet | |||||
| Total Assets | 11.09M | 11.51M | 5.01M | 5.57M | 5.35M |
| Cash, Cash Equivalents and Short-Term Investments | 874.04K | 9.35M | 196.05K | 2.08M | 3.39M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 148.98K | 610.81K | 116.08K | 154.62K | 325.90K |
| Stockholders Equity | 10.94M | 10.90M | 4.90M | 5.42M | 5.03M |
Cash Flow | |||||
| Free Cash Flow | -2.31M | -2.24M | -1.87M | -2.46M | -1.90M |
| Operating Cash Flow | -1.25M | -679.25K | -82.94K | -339.44K | -882.38K |
| Investing Cash Flow | -7.28M | 7.94M | -1.80M | -2.12M | -1.01M |
| Financing Cash Flow | 52.43K | 1.89M | 0.00 | 1.15M | 5.15M |
Ragnar Metals Limited Technical Analysis
Positive
0.03
Price Trends
0.03
Positive
0.03
Negative
0.03
Positive
Market Momentum
<0.01
Negative
53.15
Neutral
80.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:RAG, the sentiment is Positive. The current price of 0.03 is above the 20-day moving average (MA) of 0.03, above the 50-day MA of 0.03, and above the 200-day MA of 0.03, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 53.15 is Neutral, neither overbought nor oversold. The STOCH value of 80.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:RAG.
Ragnar 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% | |
53 Neutral | AU$13.68M | 2.83 | 34.93% | ― | ― | ― | |
49 Neutral | AU$14.87M | -5.41 | -380.81% | ― | ― | 1.76% | |
44 Neutral | AU$10.72M | -5.40 | -5.53% | ― | ― | -7.41% | |
44 Neutral | AU$8.85M | -1.11 | -330.25% | ― | ― | 43.46% | |
42 Neutral | AU$18.00M | -4.22 | -19.15% | ― | ― | 93.90% |
* Basic Materials Sector Average
AU:RAG
Ragnar Metals Limited
0.03
<0.01
47.37%
AU:WIN
Widgie Nickel Limited
0.02
>-0.01
-4.55%
AU:CR1
Constellation Resources Ltd.
0.19
0.07
54.17%
AU:VR8
Vanadium Resources Ltd.
0.02
<0.01
60.00%
AU:OLY
CropLogic Ltd.
0.05
<0.01
21.95%
Ragnar Metals Limited Corporate Events
Ragnar Metals Outlines Swedish Exploration Strategy Backed by Australian Production
May 6, 2026
Ragnar Metals Limited has released an investor presentation outlining its strategy of combining highly prospective Swedish exploration projects with backing from Australian production activities. The document reiterates that previously reported ex...
Ragnar Metals Boosts Cash Reserves on Investment Proceeds and Option Exercises
Apr 29, 2026
Ragnar Metals reported its quarterly cash flow for the period ended 31 March 2026, highlighting modest customer receipts and continued spending on exploration and evaluation activities. The company also incurred typical corporate and staff costs w...
Ragnar Metals Launches Maiden Drilling at Harnäs as High-Grade Gold Targets Expand
Apr 29, 2026
Ragnar Metals reported strong progress at its Swedish Harnäs Gold Project in the March 2026 quarter, confirming high-grade gold extensions through channel and rock sampling and defining four new IP-based exploration targets along strike from ...
Ragnar Metals Launches Maiden Drilling at Swedish Harnäs Gold Project
Apr 9, 2026
Ragnar Metals has commenced its maiden diamond drilling program at the Harnäs Gold Project in Sweden, marking a key step in testing what it views as a highly prospective high-grade gold system. The Phase 1 campaign will comprise up to 12 diam...
Ragnar Metals exits substantial holding in High-Tech Metals
Mar 31, 2026
Ragnar Metals Limited has ceased to be a substantial shareholder in High-Tech Metals Limited after selling its remaining ordinary shares. The divestment, completed on 31 March 2026 for proceeds of about $377,459, removes Ragnar’s previous ma...
Ragnar Metals Confirms High-Grade Gold Extensions at Harnäs Ahead of Maiden Drilling
Mar 19, 2026
Ragnar Metals has reported new high-grade gold results from channel and rock sampling at the historic Harnäs pit in Sweden, confirming extensions to known mineralised veins and showing mineralisation remains open to the east. The work, includ...
Ragnar Metals Seeks ASX Quotation for 3.4 Million New Shares
Mar 8, 2026
Ragnar Metals Limited has lodged an Appendix 2A application with the ASX for the quotation of 3,422,621 ordinary fully paid shares. The new securities, issued on 6 March 2026, arise from the exercise or conversion of existing options or other conv...
Ragnar Metals Files Routine Interim Financial Report for Half-Year 2025
Mar 4, 2026
Ragnar Metals Limited has released its interim financial report for the half-year ended 31 December 2025, intended to be read alongside its 2025 annual report and prior market announcements. The document primarily provides corporate information, i...
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.