Summit Minerals Limited (AU:WRX)
ASX:WRX
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WRX Stock Chart & Stats
AU$0.04
>-AU$0.01(-3.13%)
At close: 4:00 PM EST
AU$0.04
>-AU$0.01(-3.13%)
Day’s Range― - ―
52-Week RangeAU$0.03 - AU$0.06
Previous CloseN/A
VolumeN/A
Average Volume (3M)318.67K
Market Cap
N/A
Enterprise ValueAU$3.49M
Total Cash (Recent Filing)AU$1.41M
Total Debt (Recent Filing)AU$0.00
Price to Earnings (P/E)―
Beta1.26
Next Earnings
Sep 24, 2026EPS 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 SheetHaving no reported debt materially lowers financial risk and bankruptcy probability, giving management durable flexibility to prioritize operations or raise capital on better terms. Over a multi-month horizon this buffer supports runway while pursuing operational improvements.
Positive Equity PositionSustained positive equity provides a capital buffer that absorbs ongoing losses and supports continued operations without immediate insolvency. This structural resilience helps the company weather cash burn while executing strategic adjustments over the next several months.
Cash Losses Smaller Than Accounting LossesFree cash flow being less negative than accounting losses indicates non-cash charges are inflating GAAP losses and that cash burn is relatively moderated. This gives management more durable time to implement fixes and reduces near-term liquidity pressure versus headline losses.
Bears Say
Persistent Net LossesMulti-year losses with widening negative margins signal a structurally unprofitable business model or poor operating leverage. Over 2–6 months this undermines internal reinvestment capacity, erodes stakeholder confidence, and makes sustainable profitability a material execution challenge.
Negative Operating And Free Cash FlowConsistent negative operating and free cash flow forces reliance on external financing or equity raises, increasing dilution risk and limiting ability to invest in growth. This weak cash generation is a durable constraint on strategic options absent a clear cash-flow turnaround.
Declining Equity And Negative ROEFalling equity and materially negative ROE reflect ongoing capital destruction and reduce the cushion for future losses. Over a multi-month horizon this worsens funding flexibility and raises the risk that future capital raises will be more dilutive or difficult to secure.
Summit Minerals Limited News
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$0.06 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 130 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.
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
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.
Technical Analysis
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