Ronin Resources Ltd (RON) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: N/A
• Average Volume (3M): 70.92K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.14
• Revenue Growth: N/A
• EPS Growth: 71.92%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Other Precious Metals
• EPS (TTM): >-0.01
• Shares Outstanding: 40,375,010
• 10 Day Avg. Volume: 56,956
• 30 Day Avg. Volume: 70,921
• PEG Ratio: 0.23
• Price to Book (P/B): 1.73
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -19.76
• 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: 48 Neutral
• Price Target: AU$0.21 ▲(52.14% Upside)

The score is held back primarily by weak financial performance (pre-revenue, persistent losses, and negative free cash flow), only partly offset by a debt-free balance sheet and improved FY2025 cash burn. Technicals are constructive with price above major moving averages and positive MACD, but overbought signals (high RSI/Stoch) temper the upside. Valuation remains unattractive/unclear due to a negative P/E and no dividend yield.

Positive Factors

Debt-free Balance Sheet

A debt-free capital structure materially reduces financial risk and interest obligations over the medium term. This gives management flexibility to fund exploration or operations via equity without fixed debt servicing, improving solvency resilience during prolonged pre-revenue phases.

Improved FY2025 Losses and Cash Burn

Sequential reduction in net loss and operating cash burn signals better cost control and operational discipline. Sustained improvement increases runway, lowers near-term funding needs, and if maintained, enhances chances of reaching a revenue inflection without frequent dilutive capital raises.

Positive Equity Cushion

Maintaining positive shareholders' equity provides a solvency buffer against ongoing losses. That cumulative equity supports continued operations and makes the company less likely to face immediate insolvency, allowing time to execute strategy or secure non-debt funding if required.

Negative Factors

Pre-revenue Business Model

Zero reported revenue means the firm lacks demonstrated product-market monetization, raising structural execution risk. Without revenue streams, margins and long-term profitability are unproven, increasing dependence on capital markets and extending the timeline to sustainable cash generation.

Consistent Operating and Net Losses

Persistent operating and net losses erode retained earnings and constrain reinvestment capacity. Over time this weakens competitive positioning and increases the probability of dilutive equity raises, making long-term strategic investments and hiring harder without external funding.

Consistent Negative Cash Flow

Sustained negative operating and free cash flow necessitate ongoing external financing, increasing financial risk and potential dilution. Even with improved burn, continued outflows limit ability to self-fund growth initiatives and expose the company to funding-market volatility over the medium term.

Ronin Resources Ltd Business Overview & Revenue Model

Company Description

Ronin Resources Ltd engages in the acquisition, development, evaluation, and exploration of mineral properties in Colombia. The company primarily explores for thermal coal, as well as gold and copper deposits. It holds a 100% interest in the Vetas project, which include one mining title and one mining concession application located in the Colombian Department of Norte de Santander; and the Santa Rosa project, including three mining license applications situated in the foothills of the Serranía de San Lucas in the municipality of Santa Rosa Sur, Department of Bolivár in northern Colombia. The company was incorporated in 2018 and is headquartered in Melbourne, Australia.

How the Company Makes Money

Ronin Resources Ltd generates revenue through the exploration and development of mineral resource projects. The company identifies and acquires mineral-rich properties, conducts exploration activities to assess the viability and value of these resources, and subsequently develops them for commercial extraction. Revenue is primarily derived from the sale of extracted minerals such as gold and copper to industrial manufacturers, commodity traders, and other buyers in the global market. Additionally, Ronin Resources may form strategic partnerships or joint ventures with other mining companies to share the costs and profits of large-scale projects. The company's earnings are significantly influenced by fluctuations in commodity prices, exploration success, and the efficiency of its extraction operations.

Ronin Resources Ltd Financial Statement Overview

Summary

Ronin Resources Ltd faces significant financial challenges due to its inability to generate revenue, leading to persistent net losses and negative cash flows. While the company maintains a debt-free balance sheet with strong liquidity from cash reserves, long-term viability is at risk without operational income. Strategic changes are necessary to improve revenue streams and achieve financial sustainability.

Income Statement

Ronin Resources Ltd has reported no revenue over multiple years, indicating a lack of operational income generation. The company consistently incurs significant net losses, reflecting poor profitability. The absence of gross profit margins and negative EBIT and EBITDA margins further underscore operational challenges. The inability to generate revenue is a critical weakness, impacting overall financial performance.

Balance Sheet

Ronin Resources Ltd maintains a strong equity position with no debt, leading to a favorable debt-to-equity ratio of 0. The company's equity is nearly equivalent to its total assets, resulting in a high equity ratio. However, declining stockholder equity over recent years and a history of negative equity in earlier years highlight financial instability. The company's balance sheet reflects solid liquidity with substantial cash reserves but raises concerns regarding long-term financial health without revenue generation.

Cash Flow

The company consistently reports negative operating and free cash flows, indicating insufficient cash generation from operations. The lack of revenue affects cash flow sustainability, with cash reserves being a primary source for operational funding. The operating cash flow to net income ratio is poor, aligning with consistent net losses. Although cash reserves remain, the inability to generate positive cash flow from operations poses a significant concern for future financial stability.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	13.00
Gross Profit	0.00	0.00	0.00	0.00	0.00	13.00
EBITDA	-190.60K	0.00	-1.17M	35.95K	-99.46K	-57.97K
Net Income	-346.19K	-345.79K	-1.17M	-621.00K	-503.00K	-268.00K
Balance Sheet
Total Assets	3.36M	3.36M	3.21M	3.97M	4.35M	4.73M
Cash, Cash Equivalents and Short-Term Investments	3.32M	3.32M	3.17M	3.94M	4.32M	4.73M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	98.58K	98.58K	35.12K	81.57K	166.75K	54.80K
Stockholders Equity	3.26M	3.26M	3.17M	3.89M	4.19M	4.67M
Cash Flow
Free Cash Flow	-284.00	-285.13K	-728.22K	-710.30K	-496.98K	-172.67K
Operating Cash Flow	-284.00	-285.13K	-728.22K	-710.30K	-496.98K	-172.67K
Investing Cash Flow	0.00	0.00	0.00	0.00	0.00	-327.78K
Financing Cash Flow	0.00	433.81K	-18.00K	300.00K	4.48M	500.78K

Ronin Resources Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.14
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:RON, the sentiment is Positive. The current price of 0.14 is below the 20-day moving average (MA) of 0.17, below the 50-day MA of 0.16, and below the 200-day MA of 0.17, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 78.05 is Negative, neither overbought nor oversold. The STOCH value of 87.39 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:RON.

Ronin Resources 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%
RON	48 Neutral	―	-24.16	-10.76%	―	―	71.92%
DUN	48 Neutral	AU$6.46M	-3.68	-25.70%	―	-100.00%	80.33%
M3M	48 Neutral	AU$6.68M	-1.23	-135.06%	―	―	30.99%
RCR	46 Neutral	AU$5.05M	-3.95	-9.21%	―	―	54.74%
OCT	46 Neutral	AU$8.10M	-1.60	-55.11%	―	―	-164.12%
AS2	45 Neutral	AU$9.23M	-0.34	-93.45%	―	―	27.01%

Ronin Resources Ltd Corporate Events

Ronin Resources Avoids ASX Suspension as La Punilla Exploration Ramps Up

Ronin Resources has received confirmation from the ASX that it no longer intends to suspend trading in the company’s securities under Listing Rule 12.1, after earlier concerns that Ronin’s level of operations might not justify continued quotation. The decision follows the granting of tenements for Ronin’s 100%-owned La Punilla gold-silver project in Argentina in August and November 2025 and the commencement of fieldwork to validate previous exploration results. Encouraged by early work, Ronin plans an expanded exploration program at La Punilla in early 2026, including surface geochemistry, mapping, geophysics and geological studies, ahead of a planned trenching and maiden drilling campaign. The ASX will continue to monitor the company’s activity, but the removal of the suspension threat offers Ronin greater operational and market certainty as it pushes ahead with its project and broader corporate strategy into 2026.

Ronin Resources Advances Exploration at La Punilla Project as It Expands Growth Strategy

Ronin Resources Ltd has announced a follow-up exploration program for its 100%-owned La Punilla Gold-Silver Project in Argentina, citing encouraging initial results. Set to commence in early 2026, the program will include geochemistry, aeromagnetic surveys, mapping, and other geological assessments, with the potential to lead to a maiden drill campaign. Concurrently, the company continues to monitor its other projects and explore acquisition opportunities while adapting to challenges, such as socio-political issues in Colombia affecting the Vetas Project. These developments reinforce Ronin’s focus on advancing its portfolio and seeking growth opportunities in the resource industry.

Ronin Resources Secures Unanimous Approval at AGM

Ronin Resources Limited announced the results of its annual general meeting held on 25 November 2025, where all resolutions, including a special resolution for a 10% placement facility, were passed unanimously. This successful approval of resolutions indicates strong shareholder support and positions the company to potentially expand its operations and enhance shareholder value.

Ronin Resources Advances Exploration at La Punilla Project

Ronin Resources Ltd has commenced a follow-up field program at its La Punilla Gold-Silver Project in San Juan, Argentina. The program, led by consultant geologist Colin Brodie, aims to refine targets within a 500 m × 250 m alteration zone, following encouraging surface sampling results. The current activities include detailed geological mapping, rock-chip sampling, and preparation for potential geophysical surveys to integrate geological and geochemical data, defining priority targets for future trenching and drilling. This initiative is expected to enhance Ronin’s understanding of the site’s potential, positioning the company for more advanced exploration and potentially impacting its market standing.

Ronin Resources Advances Exploration at La Punilla Project

Ronin Resources Ltd has commenced in-field exploration activities at its La Punilla gold-silver project in San Juan, Argentina, with geological mapping and sampling revealing promising findings. The company has been granted additional tenements in Argentina, supporting its exploration efforts. Initial assay results from surface sampling indicate the presence of a low-sulphidation epithermal system, prompting further exploration activities. Ronin continues to evaluate new business opportunities to enhance its portfolio and drive shareholder returns.

Ronin Resources Schedules 2025 Annual General Meeting

Ronin Resources Limited has announced its 2025 Annual General Meeting, which will be held on November 25, 2025, in Melbourne. Shareholders are encouraged to vote by proxy and submit questions in advance, with the company prepared to adjust meeting arrangements if necessary due to changing conditions.

Ronin Resources Ltd Announces 2025 Annual General Meeting Agenda

Ronin Resources Ltd has announced its Annual General Meeting scheduled for November 25, 2025, at their Melbourne office. The agenda includes the consideration of financial reports, adoption of the remuneration report, re-election of Mr. Marnus Bothma as a director, and approval of a 10% placement facility. These resolutions aim to align the company’s governance and operational strategies with shareholder interests, potentially impacting its market positioning and stakeholder relations.

Ronin Resources Confirms Promising Mineralization at La Punilla Project

Ronin Resources Ltd announced the results of initial surface sampling at its La Punilla Project in San Juan, Argentina, confirming the presence of epithermal quartz-sulphide veining with anomalous gold, silver, and copper. The assays suggest a low-sulphidation epithermal system within a 500 m × 250 m alteration zone, prompting further exploration activities such as detailed mapping and geophysical surveys. This discovery aligns with the regional characteristics of the Precordillera belt, known for similar mineralization systems, and could potentially enhance Ronin’s positioning in the mining sector.

Ronin Resources Announces Date for Annual General Meeting

Ronin Resources Ltd has announced that its Annual General Meeting will be held on November 25, 2025, where the re-election and appointment of directors will be a key agenda item. The deadline for director nominations is October 27, 2025. This meeting is significant for the company’s governance and strategic direction, potentially impacting its operations and stakeholder interests.