Summit Minerals Limited (AU:WRX)

ASX:WRX

WRX

Summit Minerals Limited

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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$0.02 - AU$0.06

Previous CloseN/A

VolumeN/A

Average Volume (3M)318.67K

Market Cap

N/A

Enterprise ValueAU$2.54M

Total Cash (Recent Filing)AU$1.41M

Total Debt (Recent Filing)AU$0.00

Price to Earnings (P/E)―

Beta1.12

Next Earnings

Sep 24, 2026

EPS EstimateN/A

Next Dividend Ex-DateN/A

Dividend YieldN/A

Share Statistics

EPS (TTM)-0.06

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 SheetA debt-free balance sheet materially reduces solvency risk and preserves financial flexibility for a small mining company. Over 2–6 months this allows management to fund exploration or operations using equity or phased financing without immediate interest burdens, cushioning cyclical shocks.

Cash Losses Less Than Accounting LossesFree cash flow deficits being smaller than accounting losses implies much of the reported loss is non-cash. This narrows the gap to cash breakeven and reduces near-term liquidity pressure, making it easier to stabilize operations or extend runway with modest funding versus covering full accounting deficits.

Precious Metals Industry ExposureOperating in the precious metals sector provides structural demand drivers (investment, jewelry, industrial uses) that can support long-term project economics. This sector exposure can underpin strategic optionality for asset monetization or partnership-led development over months to years.

Bears Say

Sustained Operating LossesMulti-year operating and net losses indicate the core business currently fails to cover costs. Persistent negative margins erode resilience, reduce reinvestment capacity, and make it harder to demonstrate a path to sustainable profitability without material cost cuts, revenue scale, or external capital.

Consistent Negative Cash GenerationConsistent negative operating and free cash flows increase reliance on external funding and raise dilution risk. Over the medium term, continued cash burn constrains ability to progress projects, pay for exploration, or capitalize on market opportunities unless clear funding plans or cash flow improvements emerge.

Declining Equity And Negative ROEDeclining shareholder equity and negative ROE reflect cumulative losses and value destruction. This reduces the company’s internal capital base and increases the likelihood of dilutive financings or asset sales, weakening long-term investor confidence and limiting strategic options.

Summit Minerals Limited News

Western Ridge Quintuples Keystone Footprint in Nevada’s Pershing Trend

An announcement from Summit Minerals Limited ( ($AU:WRX) ) is now available. Western Ridge Resources has dramatically expanded...

11d ago

WRX

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...

2M 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$0.02 and its highest was AU$0.06 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 109 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

Neutral

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.