Ragusa Minerals Ltd (RAS) AI Stock Analysis

• Market Cap: AU$8.02M
• Dividend Yield: N/A
• Average Volume (3M): 289.01K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.57
• Revenue Growth: 168.85%
• EPS Growth: 13.51%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): -0.01
• Shares Outstanding: 178,198,790
• 10 Day Avg. Volume: 68,429
• 30 Day Avg. Volume: 289,015
• PEG Ratio: 0.09
• Price to Book (P/B): 4.27
• Price to Sales (P/S): 1019.06
• P/FCF Ratio: -6.33
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 51 Neutral
• Price Target: AU$0.05 ▲(12.50% Upside)

The score is held down primarily by weak financial performance (shrinking revenue, ongoing losses, and persistent negative free cash flow with declining equity). Technicals are supportive in the near term with price above major moving averages, but overbought RSI tempers this. Valuation is constrained by negative earnings (negative P/E) and no dividend yield data.

Positive Factors

Debt-free balance sheet

A zero-debt capital structure materially reduces refinancing and interest-rate risk for an early-stage explorer. This durable strength gives management flexibility to time capital raises, supports survival during prolonged exploration cycles, and lowers fixed-cost burdens.

Improving cash burn trend

Year-over-year narrowing of operating and free cash outflows shows the company is reducing cash consumption. That structural improvement extends runway, reduces near-term funding pressure, and indicates management can incrementally move toward a more sustainable cash profile if trends continue.

Gold exploration exposure

Operating in the gold/resource sector provides durable exposure to a commodity with long-term demand and potential for high-value discovery upside. For an explorer, a material discovery or resource upgrade can structurally transform economics and improve access to capital and partnerships.

Negative Factors

Persistent losses and negative cash flow

Sustained losses and consistent negative operating and free cash flow indicate the business is not self-funding. Over the medium term this erodes balance sheet buffers, necessitates repeated external financing, and raises the risk that shareholder dilution will be required to continue exploration programs.

Sharp revenue deterioration

A near-total decline in reported revenue signals weak or volatile commercial activity and undermines the stability of operations. Over months this makes planning difficult, reduces credibility with capital providers, and heightens the chance management must curtail programs or secure dilutive funding.

Material erosion of equity

A large decline in shareholders' equity reflects accumulated losses and a thin residual buffer. Even with no debt, low equity increases going-concern sensitivity, limits ability to absorb exploration setbacks, and raises the likelihood of future equity raises that dilute existing holders.

Ragusa Minerals Ltd Business Overview & Revenue Model

Company Description

Ragusa Minerals Ltd (RAS) is a mining and exploration company based in Australia. The company is primarily engaged in the exploration and development of mineral resources, focusing on lithium, gold, and other base metals. Ragusa Minerals aims to identify and develop high-potential mineral projects that can deliver significant value to shareholders. With operations concentrated in regions known for rich mineral deposits, the company leverages its technical expertise and strategic partnerships to advance its exploration activities.

How the Company Makes Money

Ragusa Minerals Ltd generates revenue through the exploration and eventual extraction of mineral resources. The company identifies promising mineral deposits and invests in exploration to assess the viability of mining operations. Once a project is deemed economically feasible, Ragusa Minerals may either develop the mine itself or partner with other mining companies to extract and sell the minerals. Revenue is primarily derived from the sale of extracted minerals such as lithium and gold. In addition, strategic partnerships and joint ventures with other mining entities can provide additional financial support and revenue-sharing opportunities, enhancing the company's ability to fund exploration and development activities.

Ragusa Minerals Ltd Financial Statement Overview

Summary

Ragusa Minerals Ltd faces significant financial hurdles, primarily driven by continuous operational losses and negative cash flows. Despite a strong equity base and no debt, the company struggles with profitability and cash generation. The financial statements indicate a need for strategic interventions to improve operational efficiency and achieve sustainable growth.

Income Statement

Ragusa Minerals Ltd's income statement shows persistently negative net income and EBIT over the years, indicating ongoing operational challenges. The net profit margin and EBIT margin are both negative, reflecting difficulties in achieving profitability despite modest revenue in recent years. There is a slight revenue growth from 2023 to 2024, yet the company continues to struggle with high operating losses.

Balance Sheet

The balance sheet reflects a strong equity position with no debt, suggesting financial stability despite operational losses. The equity ratio is relatively high, indicating that the company is not heavily reliant on debt financing. However, the return on equity is negative due to significant net losses, which dampens the overall financial health.

Cash Flow

The cash flow statement reveals negative operating cash flow, indicating challenges in generating cash from core operations. However, the company has managed to secure financing in previous years, which has supported cash reserves. The free cash flow remains negative, underlining the ongoing pressure on liquidity and cash management.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.10K	2.10K	12.68K	44.95K	3.20K	6.72K
Gross Profit	-257.60K	-257.60K	-264.18K	-43.68K	-123.25K	-54.09K
EBITDA	-434.86K	-379.39K	-710.13K	-934.20K	-1.50M	-548.72K
Net Income	-1.83M	-1.83M	-2.12M	-2.19M	-1.50M	-548.72K
Balance Sheet
Total Assets	745.54K	745.54K	2.45M	4.76M	5.00M	4.86M
Cash, Cash Equivalents and Short-Term Investments	162.23K	162.23K	440.02K	1.89M	2.52M	4.20M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	245.10K	245.10K	80.58K	368.19K	87.67K	69.99K
Stockholders Equity	500.44K	500.44K	2.37M	4.39M	4.91M	4.79M
Cash Flow
Free Cash Flow	-337.76K	-337.76K	-1.45M	-2.17M	-1.90M	-661.50K
Operating Cash Flow	-270.80K	-270.80K	-740.05K	-766.49K	-894.67K	-569.50K
Investing Cash Flow	-66.97K	-66.97K	-710.28K	-1.41M	-1.23M	-92.00K
Financing Cash Flow	60.00K	60.00K	0.00	1.54M	431.47K	4.85M

Ragusa Minerals Ltd Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.04
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:RAS, the sentiment is Neutral. The current price of 0.04 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 0.02, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 47.66 is Neutral, neither overbought nor oversold. The STOCH value of 75.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:RAS.

Ragusa Minerals Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
RAS	51 Neutral	AU$8.02M	-3.52	-127.51%	―	168.85%	13.51%
SFM	49 Neutral	AU$33.85M	-27.03	-51.49%	―	―	5.93%
DAF	48 Neutral	AU$4.22M	-13.85	-66.08%	―	―	80.88%
GSM	45 Neutral	AU$9.90M	-4.88	-131.62%	―	―	65.32%
WSR	43 Neutral	AU$2.98M	-3.03	-37.62%	―	―	76.76%
GNM	41 Neutral	AU$22.79M	-11.75	-32.31%	―	―	69.23%

Ragusa Minerals Ltd Corporate Events

Ragusa Minerals Announces Director’s Interest Change

Ragusa Minerals Ltd announced a change in the director’s interest, specifically involving Jerko Peter Zuvela. The change pertains to the cancellation of 900,000 unlisted options that were not exercised and have now expired. This adjustment does not affect the number of ordinary shares held by the director, which remains at 2,083,332. The announcement reflects routine adjustments in director holdings and is unlikely to have significant implications for the company’s operations or market positioning.

Ragusa Minerals Shifts Focus to Strategic U.S. Manganese-Gold Project

Ragusa Minerals Limited is advancing its acquisition of a controlling interest in Pegasus Tel Inc. and the Purple Pansy Manganese-Gold Project in Arizona, USA, a region with historical mining significance. The project is strategically important due to manganese’s critical status in the U.S., aligning with government initiatives for domestic mineral development. Concurrently, Ragusa has relinquished its Burracoppin Project in Western Australia to concentrate on the Arizona project and explore new opportunities, reflecting a strategic shift in focus.

Ragusa Minerals Issues Unquoted Equity Securities

Ragusa Minerals Ltd has announced the issuance of 11,866,671 unquoted equity securities in the form of options expiring on October 31, 2028, with an exercise price of $0.03. This issuance is part of previously announced transactions and is not intended to be quoted on the ASX, potentially impacting the company’s capital structure and investor relations.

Ragusa Minerals Ltd Secures Shareholder Support at AGM

Ragusa Minerals Ltd held its Annual General Meeting on October 30, 2025, where several resolutions were put to vote. Key resolutions included the adoption of the remuneration report, re-election of a director, approval of a mandate, and ratification of prior share placements. All resolutions were carried, indicating strong shareholder support for the company’s strategic initiatives and governance practices.

Ragusa Minerals Reports Quarterly Cash Flow with Strong Financing Boost

Ragusa Minerals Limited reported its quarterly cash flow for the period ending September 30, 2025. The company experienced a net cash outflow from operating activities amounting to $67,000, primarily due to administration and corporate costs. Investing activities also resulted in a cash outflow of $24,000, mainly for exploration and evaluation. However, the company raised $360,000 from financing activities, which significantly increased its cash reserves, indicating a strategic move to bolster its financial position and support ongoing exploration efforts.

Ragusa Minerals Expands into U.S. Critical Minerals Market with Strategic Acquisition

Ragusa Minerals Limited has executed a binding Heads of Agreement to acquire a 60.09% controlling interest in Pegasus Tel Inc., which will acquire the Purple Pansy Manganese-Gold Project in Arizona. This strategic move positions Ragusa to capitalize on the critical mineral status of manganese in the U.S., where there are currently no active manganese mining operations. The project is expected to benefit from U.S. government initiatives aimed at bolstering domestic critical mineral supply chains, aligning with national priorities for energy and defense sectors.