Reward Minerals Limited (AU:RWD)
ASX:RWD
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Reward Minerals Limited
(Sydney:RWD)
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Rating:42Neutral
Price Target:
AU$0.04
▲(7.50% Upside)
Action:ReiteratedDate:01/13/26
The score is primarily weighed down by weak financial performance (sharp revenue decline, losses, and negative equity/high leverage). Technical indicators are mixed but lean bearish (negative MACD and below the 200-day average), while valuation is also pressured by a loss-making profile (negative P/E) and no stated dividend yield.
Positive Factors
Cash Flow Growth
Positive free cash flow growth indicates potential for reinvestment and financial flexibility, supporting long-term operational sustainability.
Negative Factors
Revenue Decline
Severe revenue decline indicates challenges in market penetration and sales, affecting long-term growth prospects.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash Flow Growth
Positive free cash flow growth indicates potential for reinvestment and financial flexibility, supporting long-term operational sustainability.
Read all positive factors
Reward Minerals Limited (RWD) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$12.34M
Dividend YieldN/A
Average Volume (3M)70.87K
Price to Earnings (P/E)―
Beta (1Y)-0.18
Revenue GrowthN/A
EPS Growth93.44%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding274,219,570
10 Day Avg. Volume48,290
30 Day Avg. Volume70,869
Financial Highlights & Ratios
PEG Ratio-0.07
Price to Book (P/B)-4.60
Price to Sales (P/S)360.35
P/FCF Ratio-3.67
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
Reward Minerals Limited Business Overview & Revenue Model
Company Description
Reward Minerals Ltd engages in the exploration and development of mineral properties in Australia. Its flagship project is its 100% owned Lake Disappointment sulphate of Potash Project that includes approximately 5,000 square kilometers of granted...
How the Company Makes Money
Reward Minerals Limited generates revenue through the exploration and potential development of its mineral projects, particularly through the extraction and sale of potassium and lithium products. The company seeks to monetize its resources by eit...
Reward Minerals Limited Financial Statement Overview
Summary
Income Statement
15
Very Negative
Balance Sheet
20
Very Negative
Cash Flow
25
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 10.66K | 24.08K | 5.51K | 426.00 |
| Gross Profit | -114.50K | -143.00K | -132.00K | 5.51K | 426.00 |
| EBITDA | -1.74M | -23.50M | -22.41M | -3.60M | -714.30K |
| Net Income | -2.52M | -23.68M | -22.67M | -3.91M | -636.00K |
Balance Sheet | |||||
| Total Assets | 4.51M | 5.73M | 24.46M | 44.47M | 47.52M |
| Cash, Cash Equivalents and Short-Term Investments | 938.64K | 2.21M | 1.07M | 1.70M | 3.16M |
| Total Debt | 6.69M | 6.60M | 3.41M | 3.28M | 2.68M |
| Total Liabilities | 7.75M | 7.03M | 4.33M | 4.11M | 3.48M |
| Stockholders Equity | -3.24M | -1.30M | 20.13M | 40.36M | 44.04M |
Cash Flow | |||||
| Free Cash Flow | -701.18K | -4.52M | -2.99M | -2.08M | -2.59M |
| Operating Cash Flow | -701.18K | -994.17K | -1.62M | -456.14K | -80.58K |
| Investing Cash Flow | -564.79K | -3.30M | -1.37M | -1.50M | -2.51M |
| Financing Cash Flow | -4.99K | 5.44M | 2.35M | 498.75K | 1.10M |
Reward Minerals Limited Technical Analysis
Negative
0.04
Price Trends
0.04
Negative
0.04
Negative
0.04
Negative
Market Momentum
>-0.01
Positive
40.04
Neutral
-5.26
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:RWD, the sentiment is Negative. The current price of 0.04 is below the 20-day moving average (MA) of 0.04, below the 50-day MA of 0.04, and below the 200-day MA of 0.04, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 40.04 is Neutral, neither overbought nor oversold. The STOCH value of -5.26 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:RWD.
Reward Minerals 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% | |
47 Neutral | AU$15.53M | -4.63 | -5.47% | ― | ― | ― | |
46 Neutral | AU$35.77M | -4.34 | -19.53% | ― | ― | 3.79% | |
45 Neutral | AU$13.91M | -3.54 | -14.48% | ― | ― | ― | |
44 Neutral | AU$27.36M | -6.37 | -24.52% | ― | ― | 26.67% | |
43 Neutral | AU$31.95M | -2.58 | -5.94% | ― | -67.81% | -244.10% | |
42 Neutral | AU$12.34M | -3.73 | 99.38% | ― | ― | 93.44% |
* Basic Materials Sector Average
AU:RWD
Reward Minerals Limited
0.05
-0.02
-26.23%
AU:LML
Lincoln Minerals Limited
0.01
>-0.01
-9.09%
AU:AMU
GTI Resources Ltd
0.15
0.02
20.83%
AU:AKO
Akora Resources Ltd.
0.08
>-0.01
-10.11%
AU:VML
Vital Metals Ltd
0.14
0.08
125.00%
AU:AR3
Australian Rare Earths Limited
0.14
0.07
91.78%
Reward Minerals Limited Corporate Events
Reward Minerals Outlines Low-Cost Sulphate of Potash Strategy
Jan 9, 2026
Reward Minerals Limited has released a presentation outlining its potash recovery technology and development strategy, highlighting its ambition to become the lowest-cost global producer of sulphate of potash. The company framed the document as an...
Reward Minerals Director Michael Ruane Increases Shareholding Through On-Market Purchases
Jan 8, 2026
Reward Minerals has disclosed a change in director Michael Ruane’s interests in the company’s securities, reflecting additional on‑market purchases of fully paid ordinary shares made through entities associated with him, includin...
Reward Minerals Director Michael Ruane Increases Shareholding via On-Market Purchase
Dec 24, 2025
Reward Minerals has disclosed a change in the interests of director Michael Ruane, who has increased his total holding in the company through on-market purchases. Ruane acquired 68,948 fully paid ordinary shares for approximately $2,689, lifting h...
Reward Minerals Announces Director’s Interest Change
Dec 15, 2025
Reward Minerals Ltd has announced a change in the director’s interest, specifically involving Michael Ruane, with an acquisition of 110,389 fully paid ordinary shares through on-market trades. This change reflects a slight increase in the di...
Reward Minerals Limited Announces Director’s Change in Securities Interest
Dec 2, 2025
Reward Minerals Limited announced a change in the director’s interest in securities, specifically involving Michael Ruane. The changes include the acquisition of 77,411 fully paid ordinary shares through on-market trades, increasing the tota...
Reward Minerals Limited to Quote 2 Million New Securities on ASX
Nov 27, 2025
Reward Minerals Limited has announced the application for the quotation of 2,000,000 fully paid ordinary securities on the Australian Securities Exchange (ASX), with the issue date being November 26, 2025. This move is part of previously announced...
Reward Minerals Issues 2 Million Shares Post Asset Purchase Agreement
Nov 27, 2025
Reward Minerals Limited has issued 2,000,000 fully paid ordinary shares following a Definitive Asset Purchase Agreement. The shares were issued without disclosure to investors under specific sections of the Corporations Act, and the company has co...
Reward Minerals Director Increases Stake in Company
Nov 18, 2025
Reward Minerals Limited announced a change in the director’s interest in securities, with Michael Ruane acquiring an additional 215,000 fully paid ordinary shares through on-market trades. This acquisition reflects a slight increase in the t...
Reward Minerals Unveils High-Grade Copper Potential in Newfoundland
Nov 18, 2025
Reward Minerals Limited has announced an investor roadshow for its Copper Lance Project in Newfoundland, highlighting the high-grade copper potential with historic samples showing up to 42% copper. The area is described as underexplored with no mo...
Reward Minerals Limited Announces Proposed Securities Issue
Nov 13, 2025
Reward Minerals Limited has announced a proposed issue of 2,000,000 ordinary fully paid securities, scheduled for December 15, 2025. This move is part of a placement or other type of issue, which could potentially enhance the company’s capit...
Reward Minerals Acquires Promising Copper Project in Newfoundland
Nov 12, 2025
Reward Minerals Limited has announced the acquisition of the Copper Lance Project in Newfoundland, Canada, a region known for its rich Volcanogenic Massive Sulphide deposits. This strategic move is expected to enhance the company’s asset por...
Reward Minerals Expands Potash and Mineral Exploration Efforts
Oct 27, 2025
Reward Minerals Limited has acquired a new exploration license for the Beyondie Potash Plant in Western Australia, which includes potash production infrastructure. The company is actively engaging with strategic investors and exploring joint ventu...
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.