Red Metal Limited (AU:RDM)
ASX:RDM
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Red Metal Limited
(Sydney:RDM)
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Rating:44Neutral
Price Target:
AU$0.12
▼(-17.14% Downside)
Action:Reiterated
Date:05/14/26
The score is primarily weighed down by weak financial performance (ongoing losses and negative operating/free cash flow). Technicals also lean bearish with the price below major moving averages, while valuation appears optically low on P/E but is less reliable given the underlying profitability and cash flow challenges.
Positive Factors
Conservative leverage
A relatively low debt-to-equity ratio reduces refinancing and interest risk for an exploration company. This conservatism lengthens the runway between capital raises, improves resilience through commodity cycles, and preserves flexibility to fund drilling or farm-outs without immediate solvency pressure.
Negative Factors
Persistent negative cash flow
Sustained negative operating and free cash flow drains treasury and forces recurring external financing. That reliance increases dilution risk and can delay or constrain drilling and resource definition, slowing value creation and making long-term project advancement contingent on successful capital raises.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative leverage
A relatively low debt-to-equity ratio reduces refinancing and interest risk for an exploration company. This conservatism lengthens the runway between capital raises, improves resilience through commodity cycles, and preserves flexibility to fund drilling or farm-outs without immediate solvency pressure.
Read all positive factors
Red Metal Limited (RDM) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$49.86M
Dividend YieldN/A
Average Volume (3M)576.67K
Price to Earnings (P/E)0.6
Beta (1Y)1.46
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
Employees5
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)0.05
Shares Outstanding383,544,650
10 Day Avg. Volume671,673
30 Day Avg. Volume576,674
Financial Highlights & Ratios
PEG Ratio-0.55
Price to Book (P/B)6.07
Price to Sales (P/S)21.91
P/FCF Ratio-3.86
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
Red Metal Limited Business Overview & Revenue Model
Company Description
Red Metal Limited acquires and explores for mineral properties in Australia. It primarily explores for copper, gold, silver, lead, zinc, cobalt, and nickel deposits. It holds 100% interest in the Maronan, Gidyea, Corkwood, Pardoo, Nullarbor, Punt ...
How the Company Makes Money
RDM does not primarily generate recurring operating revenue from selling products or services in the way a producer or manufacturer does; null for specific, verified revenue streams. As an exploration-stage company, it typically funds activities t...
Red Metal Limited Financial Statement Overview
Summary
Income Statement
35
Negative
Balance Sheet
40
Negative
Cash Flow
30
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 1.78M | 1.83M | 793.07K | 2.63M | 3.37M |
| Gross Profit | -202.56K | 1.78M | 1.83M | 793.07K | 2.51M | 3.27M |
| EBITDA | -4.55M | -12.19M | -7.78M | -10.64M | -2.58M | -1.26M |
| Net Income | 18.39M | -7.47M | -5.64M | -6.21M | -2.29M | -1.36M |
Balance Sheet | ||||||
| Total Assets | 38.19M | 9.33M | 13.87M | 8.40M | 16.66M | 4.36M |
| Cash, Cash Equivalents and Short-Term Investments | 4.93M | 7.99M | 12.21M | 6.65M | 14.92M | 2.49M |
| Total Debt | 179.91K | 272.87K | 533.31K | 568.09K | 686.52K | 135.27K |
| Total Liabilities | 1.96M | 1.33M | 2.13M | 2.23M | 1.20M | 1.13M |
| Stockholders Equity | 36.23M | 6.43M | 6.37M | 3.51M | 8.83M | 3.23M |
Cash Flow | ||||||
| Free Cash Flow | -7.27M | -10.11M | -7.47M | -8.36M | -2.17M | -1.57M |
| Operating Cash Flow | -7.26M | -10.10M | -7.46M | -562.70K | -411.36K | -348.22K |
| Investing Cash Flow | -43.83K | -6.82K | -7.97K | -7.64M | -1.15M | -1.22M |
| Financing Cash Flow | 1.43M | 5.90M | 13.02M | -67.52K | 13.99M | 2.72M |
Red Metal Limited Technical Analysis
Positive
0.14
Price Trends
0.09
Positive
0.09
Positive
0.09
Positive
Market Momentum
0.01
Negative
63.74
Neutral
35.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:RDM, the sentiment is Positive. The current price of 0.14 is above the 20-day moving average (MA) of 0.10, above the 50-day MA of 0.09, and above the 200-day MA of 0.09, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 63.74 is Neutral, neither overbought nor oversold. The STOCH value of 35.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:RDM.
Red Metal 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% | |
49 Neutral | AU$126.22M | 51.54 | -0.02% | ― | ― | 99.44% | |
47 Neutral | AU$96.11M | -11.27 | -9.03% | ― | -78.48% | 52.16% | |
45 Neutral | AU$142.45M | -5.36 | -5.19% | ― | ― | -70.59% | |
44 Neutral | AU$49.86M | 0.64 | 86.21% | ― | ― | ― | |
43 Neutral | AU$36.40M | -7.76 | -0.02% | ― | ― | 13.53% | |
42 Neutral | AU$230.54M | -16.15 | -6.73% | ― | -100.00% | 0.70% |
* Basic Materials Sector Average
AU:RDM
Red Metal Limited
0.13
0.06
83.82%
AU:PEX
Peel Mining Limited
0.17
0.11
175.00%
AU:BML
Boab Metals Ltd
0.40
0.26
175.86%
AU:GL1
Global Lithium Resources Ltd.
0.52
0.35
202.94%
AU:E25
Element 25 Limited
0.29
0.06
28.89%
AU:LEL
Lithium Energy Ltd.
0.32
-0.05
-14.86%
Red Metal Limited Corporate Events
Red Metal to Spin Out Majority of Maronan Metals Stake to Shareholders
May 8, 2026
Red Metal shareholders have approved an in‑specie distribution of most of the company’s shareholding in Maronan Metals, entitling eligible investors to receive one Maronan share for every 5.25 Red Metal shares held as of mid‑May ...
Red Metal Shareholders Approve Capital Reduction and In Specie Distribution
May 8, 2026
Red Metal Limited shareholders approved an equal reduction of capital and an in specie distribution at a general meeting held on 8 May 2026. The single resolution was carried by a strong majority on a poll, with no other items of business consider...
Red Metal Highlights Prospective Hosts in Pulkarrimarra Drilling Despite Lack of Significant Copper Hits
Apr 19, 2026
Red Metal has completed a maiden four-hole diamond drilling program at its Pulkarrimarra copper and gold project in Western Australia’s Paterson Province, testing both sedimentary-hosted and intrusion-related mineralisation targets. The camp...
Red Metal Unveils In‑Specie Capital Reduction and Share Distribution Plan
Apr 2, 2026
Red Metal Limited has released a transaction-specific prospectus detailing a capital reduction by way of an in‑specie distribution, offering shareholders one Distribution Share for every 5.25 shares held at the record date. The document is d...
Red Metal Calls Shareholder Vote on Maronan Metals Share Distribution
Apr 2, 2026
Red Metal Limited has called an extraordinary general meeting of shareholders for 11:00am AEST on 8 May 2026 in Sydney to vote on an in‑specie distribution of the majority of its shareholding in Maronan Metals Limited. The move, which would ...
Red Metal to Return Capital via In Specie Distribution of Maronan Metals Shares
Mar 30, 2026
Red Metal Limited has notified the ASX of a return of capital to shareholders via an in specie distribution of securities in Maronan Metals Limited, which is already listed on the exchange. The transaction applies to Red Metal’s fully paid o...
Red Metal Plans In-Specie Distribution of Maronan Metals Stake to Shareholders
Mar 30, 2026
Red Metal Limited will seek shareholder approval at an extraordinary general meeting to distribute most of its shareholding in Maronan Metals Limited to eligible Red Metal investors via an in-specie distribution. The company currently owns 88.5 mi...
Red Metal brings in Chalice Mining on South Australian IOCG hunt
Mar 17, 2026
Red Metal Limited has entered into joint venture term sheets with Chalice Mining over two Callabonna Project exploration licences on the northern margin of South Australia’s Curnamona Province. The deals focus on large iron-oxide copper-gold...
Red Metal Releases Interim Financial Report for Half Year to 31 December 2025
Mar 13, 2026
Red Metal Limited has released its interim financial report for the half year ended 31 December 2025, covering the company and its controlled entities. The report package includes the directors’ report, auditor’s independence declarati...
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.