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
▼(-3.33% Downside)
Action:ReiteratedDate: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
A zero-debt, equity-heavy balance sheet materially reduces refinancing and interest-rate risk, preserving optionality to fund exploration or attract partners. This stability supports multi-year exploration programs and lowers solvency risk while the company pursues resource definition.
Negative Factors
Persistent negative cash flow
Consistent negative operating and free cash flow forces recurring external funding and constrains reinvestment. Over the medium term this increases dilution risk and limits the pace and scale of exploration programs unless the company secures non-dilutive financing or profitable asset monetisation.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A zero-debt, equity-heavy balance sheet materially reduces refinancing and interest-rate risk, preserving optionality to fund exploration or attract partners. This stability supports multi-year exploration programs and lowers solvency risk while the company pursues resource definition.
Read all positive factors
Ragnar Metals Limited (RAG) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$14.17M
Dividend YieldN/A
Average Volume (3M)937.39K
Price to Earnings (P/E)0.6
Beta (1Y)1.29
Revenue GrowthN/A
EPS Growth-107.50%
CountryAU
Employees1
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)0.01
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
Negative
0.03
Positive
0.03
Positive
Market Momentum
>-0.01
Negative
51.24
Neutral
120.00
Negative
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, below the 50-day MA of 0.03, and above the 200-day MA of 0.03, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 51.24 is Neutral, neither overbought nor oversold. The STOCH value of 120.00 is Negative, 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$14.17M | 0.65 | 34.93% | ― | ― | -107.50% | |
44 Neutral | AU$11.26M | -3.15 | -380.81% | ― | ― | -32.39% | |
44 Neutral | AU$9.66M | -0.86 | -330.25% | ― | ― | 43.46% | |
43 Neutral | AU$12.49M | -13.13 | -5.53% | ― | ― | -25.00% | |
42 Neutral | AU$22.29M | -2.74 | -19.15% | ― | ― | -1034.67% |
* Basic Materials Sector Average
AU:RAG
Ragnar Metals Limited
0.03
0.01
52.63%
AU:WIN
Widgie Nickel Limited
0.03
0.01
100.00%
AU:CR1
Constellation Resources Ltd.
0.14
-0.03
-17.65%
AU:VR8
Vanadium Resources Ltd.
0.02
0.00
0.00%
AU:OLY
CropLogic Ltd.
0.06
<0.01
12.50%
Ragnar Metals Limited Corporate Events
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...
Ragnar Metals Secures Cash Settlement in Trinity Corporate Legal Dispute
Feb 22, 2026
Ragnar Metals Limited has resolved its legal dispute with Trinity Corporate Pty Ltd, which stemmed from a claim over unpaid consultancy and capital-raising fees tied to a 2016 advisory mandate for a proposed acquisition that did not proceed. Follo...
Ragnar Metals Expands High-Grade Swedish Gold Portfolio and Leverages Strategic Gold Investments
Jan 30, 2026
Ragnar Metals has strengthened its Swedish portfolio by securing an option to acquire up to a 75% interest in the high-grade Harnäs Gold Project in southwestern Sweden, where recent rock-chip sampling returned high gold grades at both the his...
Ragnar Metals Flags Cash Burn and Lower Balance in December Quarter
Jan 30, 2026
Ragnar Metals Limited reported its quarterly cash flow for the period ended 31 December 2025, highlighting continued spending on exploration and evaluation activities alongside modest corporate and administrative outlays. The company recorded net ...
Ragnar Metals Issues 10 Million Unlisted Options Under Employee Incentive Scheme
Jan 29, 2026
Ragnar Metals Limited has announced the issuance of 10 million unlisted options under an employee incentive scheme, split evenly between options exercisable at $0.04 and $0.06, both expiring on 27 January 2028. The move is designed to incentivise ...
Ragnar Metals Issues Shares to Secure 20% Stake in Harnäs GoldMine
Jan 29, 2026
Ragnar Metals Limited has issued 5,080,773 fully paid ordinary shares to Sweden-based Aurelia Mining Group AB as consideration for exercising an option to acquire 20% of the issued capital of Harnäs GoldMine AB, a transaction previously annou...
Ragnar Metals Seeks ASX Quotation for Over 5 Million New Shares
Jan 29, 2026
Ragnar Metals Limited has applied to the ASX for quotation of 5,080,773 new fully paid ordinary shares, with an issue date of 28 January 2026, under its existing issuer code RAG. The additional securities, which were previously notified to the mar...
Ragnar Metals Plans Placement of Over 5 Million New Shares
Jan 28, 2026
Ragnar Metals Limited, listed on the ASX under the code RAG, has lodged a notice with the exchange detailing a proposed issue of new fully paid ordinary shares through a placement. The company plans to issue up to 5,080,773 ordinary fully paid sha...
Ragnar Metals Uncovers Four New Gold Targets at Harnäs Project in Sweden
Jan 20, 2026
Ragnar Metals has identified four highly prospective new gold targets at its Harnäs Project in Sweden after reprocessing historical induced polarisation data from two survey lines west of the existing Harnäs pit. The anomalies, which lie...
Ragnar Metals Uncovers High-Grade Uranium Zones at Swedish Klockartorpet Project
Jan 12, 2026
Ragnar Metals has reported high-grade surface uranium mineralisation at its Klockartorpet Project in Sweden, with rock-chip assays returning up to 0.29% U3O8 over a 150-metre strike within a shear-hosted, hematite-altered zone that also shows elev...
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.