RareX Limited (AU:REE)
ASX:REE
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RareX Limited
(Sydney:REE)
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Rating:43Neutral
Price Target:
AU$0.01
▼(-30.00% Downside)
Action:ReiteratedDate:05/01/26
The score is held down primarily by weak financial performance (small/volatile revenue, sustained losses, and ongoing cash burn) despite low leverage. Technicals add further pressure with the price below key moving averages and negative MACD, while valuation provides limited support due to negative earnings and no dividend yield data.
Positive Factors
Very low leverage
Extremely low debt reduces financial risk and preserves optionality for an exploration company. Over the medium term this balance-sheet conservatism supports the ability to withstand exploration cycles, seek partnerships, or raise project finance without heavy interest burdens.
Negative Factors
Persistent cash burn
Consistent negative operating and free cash flow means the business consumes real cash each year, creating continual funding needs. Over 2-6 months this raises the probability of dilutive capital raises or constrained project activity, limiting the firm’s ability to self-fund exploration and development.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
Extremely low debt reduces financial risk and preserves optionality for an exploration company. Over the medium term this balance-sheet conservatism supports the ability to withstand exploration cycles, seek partnerships, or raise project finance without heavy interest burdens.
Read all positive factors
RareX Limited (REE) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$18.19M
Dividend YieldN/A
Average Volume (3M)9.51M
Price to Earnings (P/E)―
Beta (1Y)2.61
Revenue GrowthN/A
EPS Growth56.45%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding1,212,800,400
10 Day Avg. Volume2,977,051
30 Day Avg. Volume9,512,576
Financial Highlights & Ratios
PEG Ratio0.46
Price to Book (P/B)3.67
Price to Sales (P/S)13.78
P/FCF Ratio-5.11
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
RareX Limited Business Overview & Revenue Model
Company Description
RareX Limited explores for and develops mineral properties in Australia. The company primarily explores for nickel, cobalt, copper, gold, and rare earths deposits. Its flagship project is the 100% owned Cummins Range Rare Earths project located in...
How the Company Makes Money
null...
RareX Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 1.01M | 43.33K | 0.00 | 2.00M | 0.00 |
| Gross Profit | -955.48K | -620.18K | -1.42M | -136.75K | -1.50M | -48.86K |
| EBITDA | -5.23M | -2.64M | -3.99M | -10.75M | -10.61M | -5.33M |
| Net Income | -2.41M | -3.50M | -3.28M | -9.32M | -11.23M | -5.39M |
Balance Sheet | ||||||
| Total Assets | 6.34M | 4.48M | 5.48M | 7.66M | 11.83M | 9.36M |
| Cash, Cash Equivalents and Short-Term Investments | 1.51M | 1.75M | 1.94M | 4.31M | 8.23M | 4.48M |
| Total Debt | 0.00 | 8.64K | 9.43K | 240.12K | 323.13K | 385.28K |
| Total Liabilities | 771.55K | 700.81K | 1.01M | 2.14M | 2.26M | 1.13M |
| Stockholders Equity | 5.57M | 3.78M | 4.47M | 5.52M | 9.56M | 8.24M |
Cash Flow | ||||||
| Free Cash Flow | -2.67M | -2.71M | -4.18M | -7.58M | -6.54M | -4.19M |
| Operating Cash Flow | -2.67M | -2.71M | -4.18M | -7.39M | -6.48M | -3.42M |
| Investing Cash Flow | 499.15K | 0.00 | -1.01K | -211.47K | -50.78K | -1.46M |
| Financing Cash Flow | 1.93M | 2.56M | 1.75M | 3.68M | 10.28M | 5.94M |
RareX Limited Technical Analysis
Negative
0.02
Price Trends
0.03
Negative
0.03
Negative
Market Momentum
>-0.01
Positive
23.47
Positive
-12.96
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:REE, the sentiment is Negative. The current price of 0.02 is below the 20-day moving average (MA) of 0.03, below the 50-day MA of 0.03, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 23.47 is Positive, neither overbought nor oversold. The STOCH value of -12.96 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:REE.
RareX 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% | |
48 Neutral | AU$26.23M | -12.76 | -11.53% | ― | ― | 37.50% | |
46 Neutral | AU$33.22M | -4.34 | -19.53% | ― | ― | -8.74% | |
45 Neutral | AU$19.64M | -8.00 | -23.61% | ― | ― | 58.93% | |
43 Neutral | AU$18.19M | -7.09 | -51.58% | ― | ― | 56.45% | |
43 Neutral | AU$37.18M | -2.58 | -5.94% | ― | -99.74% | -22.67% |
* Basic Materials Sector Average
AU:REE
RareX Limited
0.02
-0.01
-44.44%
AU:EVG
BlackEarth Minerals NL
0.03
0.01
70.00%
AU:VRC
Volt Resources Ltd
0.01
0.00
0.00%
AU:VML
Vital Metals Ltd
0.15
0.09
150.00%
AU:AR3
Australian Rare Earths Limited
0.13
0.06
83.10%
RareX Limited Corporate Events
RareX Sets May General Meeting, Emphasises Digital Shareholder Engagement
Apr 2, 2026
RareX Limited has called a General Meeting of shareholders to be held in person in Subiaco, Western Australia, on 6 May 2026, with full meeting details and materials available via its website and the ASX announcements platform. The company is shif...
RareX Calls May 2026 Meeting to Ratify Capital Raising and Approve New Options
Apr 2, 2026
RareX Limited has called a general meeting of shareholders for 10.30 am on 6 May 2026 in Subiaco, Western Australia, setting a record date of 4 May 2026 to determine voting eligibility. The company is urging shareholders to lodge proxy forms ahead...
RareX advances Cummins Range as mining lease granted and loss narrows
Mar 16, 2026
RareX Limited reported a reduced half-year loss of $931,148 as it continued to advance the Cummins Range Rare Earths and Phosphate Project in Western Australia. The company carried out technical evaluations, metallurgical testwork and processing f...
RareX Issues Cleansing Notice for 181.8 Million New Shares
Feb 4, 2026
RareX has lodged a cleansing notice after issuing 181.8 million ordinary shares without a disclosure document, confirming ongoing compliance with Australia’s Corporations Act and stating no excluded information remains undisclosed, a step th...
RareX Seeks ASX Quotation for 181.8 Million New Shares
Feb 4, 2026
RareX Limited has applied to the ASX for quotation of 181,818,182 new fully paid ordinary shares, issued under the company’s existing capital management or transactional programs previously flagged to the market. The substantial new share is...
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.