Summit Minerals Limited (AU:WRX)

ASX:WRX

WRX

Summit Minerals Limited

RESEARCH TOOLSreports

Summit Minerals Limited (WRX) Price & Analysis

6 Followers

WRX Stock Chart & Stats

AU$0.04

>-AU$0.01(-3.13%)

At close: Jan 09 4:00 PM EST

AU$0.04

>-AU$0.01(-3.13%)

Day’s Range― - ―

52-Week RangeAU$0.03 - AU$0.07

Previous CloseN/A

VolumeN/A

Average Volume (3M)318.67K

Market Cap

N/A

Enterprise ValueAU$4.44M

Total Cash (Recent Filing)AU$1.41M

Total Debt (Recent Filing)AU$0.00

Price to Earnings (P/E)―

Beta0.89

Next Earnings

Sep 24, 2026

EPS EstimateN/A

Next Dividend Ex-DateN/A

Dividend YieldN/A

Share Statistics

EPS (TTM)N/A

Shares Outstanding157,904,070

10 Day Avg. Volume416,738

30 Day Avg. Volume318,669

Financial Highlights & Ratios

PEG Ratio0.02

Price to Book (P/B)0.23

Price to Sales (P/S)28.01

P/FCF Ratio-0.89

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

Bulls Say, Bears Say

Bulls Say

Debt-free Balance SheetNo reported debt materially reduces financial risk and interest burden, giving the company structural flexibility to fund exploration or operating needs from equity or project cash flows. Over 2–6 months this improves solvency resilience and reduces short-term default risk compared with leveraged peers.

Positive Equity BufferSustained positive equity across recent years provides a solvency cushion that supports continued operations and allows time to pursue corrective actions or capital raises. This buffer lowers immediate insolvency risk and gives management runway to address operating deficiencies.

Cash Losses Smaller Than Accounting LossesFree cash flow being less negative than accounting losses suggests non-cash charges drive part of reported losses, so actual cash burn is somewhat restrained. That structural distinction can modestly extend runway and reduce near-term financing pressure compared with purely cash-heavy deficits.

Bears Say

Persistent UnprofitabilitySustained multi-year losses and deeply negative operating margins indicate the business lacks current operational profitability and pricing/scale to cover costs. This structural deficit erodes capital, limits internal funding for growth, and complicates any near-term path to sustainable returns.

Negative Operating And Free Cash FlowConsistent negative operating and free cash flow means the company must rely on external financing to continue operations. Over a multi-month horizon this raises dilution and refinancing risk, constrains strategic investments, and makes long-term project funding dependent on capital markets access.

Declining Equity And Weak ROEDeclining equity and negative returns on equity signal ongoing value erosion for shareholders. Structurally, this reduces financial flexibility, increases the likelihood of dilutive capital raises, and reflects an inability to generate returns from invested capital, undermining long-term investor confidence.

Summit Minerals Limited News

Western Ridge Secures OTCQB Dual Listing to Tap U.S. Investor Base

Summit Minerals Limited ( ($AU:WRX) ) has issued an update. Western Ridge Resources has secured a dual listing...

1d ago

WRX

Western Ridge Wins Approval for First Keystone Drilling in Eight Decades

Summit Minerals Limited ( ($AU:WRX) ) just unveiled an update. Western Ridge Resources has secured regulatory approval from...

5d ago

WRX

WRX FAQ

What was Summit Minerals Limited’s price range in the past 12 months?

Summit Minerals Limited lowest share price was AU$0.03 and its highest was AU$0.07 in the past 12 months.

What is Summit Minerals Limited’s market cap?

Currently, no data Available

When is Summit Minerals Limited’s upcoming earnings report date?

Summit Minerals Limited’s upcoming earnings report date is Sep 24, 2026 which is in 177 days.

How were Summit Minerals Limited’s earnings last quarter?

Currently, no data Available

Is Summit Minerals Limited overvalued?

According to Wall Street analysts Summit Minerals Limited’s price is currently Overvalued. Get more investment ideas with TipRanks Premium

Does Summit Minerals Limited pay dividends?

Summit Minerals Limited does not currently pay dividends.

What is Summit Minerals Limited’s EPS estimate?

Summit Minerals Limited’s EPS estimate for its next earnings report is not yet available.

How many shares outstanding does Summit Minerals Limited have?

Summit Minerals Limited has 157,904,070 shares outstanding.

What happened to Summit Minerals Limited’s price movement after its last earnings report?

Currently, no data Available

Which hedge fund is a major shareholder of Summit Minerals Limited?

Currently, no hedge funds are holding shares in AU:WRX

What is the TipRanks Smart Score and how is it calculated?

Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

Summit Minerals Limited Stock Smart Score

Underperform

Company Description

Summit Minerals Limited

Western Ridge Resources Limited, together with its subsidiaries, engages in the acquisition, exploration, and development of battery and critical mineral projects in Brazil, Canada, and Australia. The company explores for niobium, tantalum, rare earth elements, uranium, and lithium pegmatite deposits. Its flagship projects are the Equador Niobium Project and the Juazerinho Niobium Project, located in the Borborema Pegmatitic Province of northeastern Brazil. The company was formerly known as Summit Minerals Limited and changed its name to Western Ridge Resources Limited in February 2026. Western Ridge Resources Limited was incorporated in 2021 and is based in Peppermint Grove, Australia.