Red Mountain Mining Ltd (AU:RMX)
ASX:RMX
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Red Mountain Mining Ltd
(Sydney:RMX)
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Rating:41Neutral
Price Target:
AU$0.01
▼(-30.00% Downside)
Action:Reiterated
Date:05/12/26
The score is held down primarily by weak financial performance (minimal revenue, ongoing losses, and negative operating/free cash flow) despite modest leverage. Technicals are also soft with bearish trend signals, while valuation is constrained by loss-making status and no dividend support.
Positive Factors
Modest leverage
A low debt-to-equity (~0.19) materially reduces near-term solvency risk versus highly leveraged peers. This structural balance-sheet strength gives management flexibility to fund exploration or capital programs without immediate debt distress, preserving optionality over the next 2-6 months.
Negative Factors
Minimal revenue and persistent losses
Very low revenue and sustained multi-year net losses confirm the company is still exploration/development-stage and not self-funding. Without material and sustained revenue growth, operating losses will continue to erode capital, constraining long-term viability and requiring external financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Modest leverage
A low debt-to-equity (~0.19) materially reduces near-term solvency risk versus highly leveraged peers. This structural balance-sheet strength gives management flexibility to fund exploration or capital programs without immediate debt distress, preserving optionality over the next 2-6 months.
Read all positive factors
Red Mountain Mining Ltd (RMX) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$15.66M
Dividend YieldN/A
Average Volume (3M)38.33M
Price to Earnings (P/E)―
Beta (1Y)0.88
Revenue GrowthN/A
EPS Growth13.04%
CountryAU
Employees40
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding1,044,131,700
10 Day Avg. Volume37,534,253
30 Day Avg. Volume38,332,570
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)3.06
Price to Sales (P/S)188.48
P/FCF Ratio-4.17
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 Mountain Mining Ltd Business Overview & Revenue Model
Company Description
Red Mountain Mining Limited explores for and develops mineral properties in Australia. It holds interests in the Mt Maitland gold project covering an area of 62 square kilometers located to the north of Meekatharra in the Murchison Goldfield, West...
How the Company Makes Money
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Red Mountain Mining Ltd Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
52
Neutral
Cash Flow
24
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 22.62K | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -87.50K | 22.62K | -84.62K | -88.05K | -147.47K | -147.47K |
| EBITDA | -2.85M | -1.67M | -2.66M | -4.30M | -1.30M | -1.53M |
| Net Income | -3.83M | -2.56M | -2.76M | -4.40M | -1.45M | -1.68M |
Balance Sheet | ||||||
| Total Assets | 4.90M | 2.15M | 2.50M | 3.29M | 4.72M | 3.87M |
| Cash, Cash Equivalents and Short-Term Investments | 2.18M | 274.46K | 479.75K | 1.03M | 1.66M | 1.87M |
| Total Debt | 72.60K | 268.47K | 107.15K | 196.83K | 29.49K | 679.24K |
| Total Liabilities | 431.39K | 755.33K | 218.18K | 497.40K | 165.28K | 1.05M |
| Stockholders Equity | 4.47M | 1.39M | 2.28M | 2.79M | 4.56M | 2.81M |
Cash Flow | ||||||
| Free Cash Flow | -1.52M | -1.02M | -2.47M | -2.19M | -2.31M | -2.37M |
| Operating Cash Flow | -1.52M | -1.02M | -1.01M | -1.05M | -1.17M | -1.24M |
| Investing Cash Flow | -673.75K | -523.81K | -1.46M | -1.20M | -1.14M | -778.62K |
| Financing Cash Flow | 4.22M | 1.39M | 1.92M | 1.57M | 2.23M | 2.31M |
Red Mountain Mining Ltd 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% | |
52 Neutral | AU$39.46M | -3.90 | -10.20% | ― | ― | 42.72% | |
46 Neutral | AU$4.57M | -2.74 | -58.04% | ― | -100.00% | -317.54% | |
46 Neutral | AU$45.59M | -4.07 | -134.41% | ― | ― | -267.80% | |
45 Neutral | AU$8.81M | -1.33 | -50.11% | ― | ― | -34.80% | |
44 Neutral | AU$25.28M | -2.09 | -58.76% | ― | ― | 28.68% | |
41 Neutral | AU$15.66M | -1.45 | -130.68% | ― | ― | 13.04% |
* Basic Materials Sector Average
AU:RMX
Red Mountain Mining Ltd
0.02
<0.01
50.00%
AU:PRX
Prodigy Gold NL
0.08
0.02
41.51%
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Australasian Metals Limited
0.09
0.01
18.42%
AU:SFM
Santa Fe Minerals Ltd.
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0.24
600.00%
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Tambourah Metals Ltd
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AU:MRZ
Mont Royal Resources Ltd.
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0.02
10.53%
Red Mountain Mining Ltd Corporate Events
Red Mountain Mining Expands Capital Base with New Share Placement
May 12, 2026
Red Mountain Mining has issued 94,235,294 fully paid ordinary shares to sophisticated and professional investors as part of a placement announced in late April, expanding its capital base without a full prospectus. The company confirmed the new sh...
Red Mountain boosts funding as Armidale antimony-gold work advances
Apr 30, 2026
Red Mountain Mining reported significant progress at its Armidale Antimony-Gold Project in New South Wales during the March 2026 quarter, including an extensive soil hand auger sampling program at the Oaky Creek prospect targeting a defined antimo...
Red Mountain Mining Plans Major Share and Option Issue to Bolster Capital Base
Apr 30, 2026
Red Mountain Mining has outlined plans for a new securities issue on the ASX, comprising up to 153,935,294 fully paid ordinary shares and 137,117,647 options exercisable at $0.05 and expiring on 31 December 2028. The proposed placement, scheduled ...
Red Mountain Moves on Montana Tungsten Project with New Option Deal
Apr 30, 2026
Red Mountain Mining has signed an exclusive 30-day option agreement to acquire the Pioneer Tungsten Project in southwest Montana, a 2,000-hectare package adjoining tungsten assets held by major producer Almonty Industries. The project covers three...
Red Mountain Mining Seeks Trading Halt Ahead of Tungsten Deal and Capital Raising
Apr 27, 2026
Red Mountain Mining has requested a trading halt in its securities on the ASX while it finalises a material agreement for a new tungsten project and organises a related capital raising. The halt, which is expected to last until 30 April 2026 or ea...
Red Mountain to Restart U.S. Antimony Exploration as Critical Minerals Support Grows
Apr 8, 2026
Red Mountain Mining plans to restart exploration at its U.S. antimony portfolio as winter conditions ease, beginning with systematic geological mapping and surface sampling at the Thompson Falls project on the Montana-Idaho border. Initial rock ch...
Red Mountain Defines Multiple High-Priority Antimony Drill Targets at Armidale
Mar 29, 2026
Red Mountain Mining has reported final auger soil assay results from its 100%-owned Armidale Antimony-Gold Project in New South Wales, defining five high-priority orogenic antimony drill targets at the Oaky Creek prospect. The program has outlined...
Red Mountain Mining Issues Interim Half-Year Financial Report
Mar 15, 2026
Red Mountain Mining has released its interim financial report for the half-year ended 31 December 2025, prepared under AASB 134 Interim Financial Reporting. The report, which forms part of the company’s ongoing compliance with Australian cor...
Red Mountain Unveils High-Grade Antimony and Gold Results at Thompson Falls
Mar 1, 2026
Red Mountain Mining has reported outstanding new assay results from the historical Eastern Star silver-lead mine within its Thompson Falls Antimony Project on the Montana-Idaho border, highlighting consistently high-grade antimony and anomalous go...
Red Mountain Mining Advances High-Grade US Antimony Portfolio in Tier-1 Districts
Feb 24, 2026
Red Mountain Mining is advancing its United States critical minerals portfolio, concentrating on high-grade antimony projects in Montana, Utah and Idaho that sit near existing processing infrastructure and established mining districts. By building...
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.