Summit Minerals Limited (AU:WRX)
ASX:WRX
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Summit Minerals Limited
(Sydney:WRX)
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Rating:43Neutral
Price Target:
AU$0.04
▼(-10.00% Downside)
Action:ReiteratedDate:03/24/26
The score is held down primarily by persistently weak financial performance (ongoing losses and negative free cash flow) and bearish technical conditions (price below key moving averages with negative MACD and extremely low RSI). A debt-free balance sheet provides some offset, but valuation metrics are constrained by continued unprofitability and the lack of dividend support.
Positive Factors
Debt-free balance sheet
No 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.
Negative Factors
Persistent unprofitability
Sustained 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.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
No 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.
Read all positive factors
Summit Minerals Limited (WRX) vs. iShares MSCI Australia ETF (EWA)
Market Cap
N/A
Dividend YieldN/A
Average Volume (3M)318.67K
Price to Earnings (P/E)―
Beta (1Y)0.89
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
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
Summit Minerals Limited Business Overview & Revenue Model
Company Description
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 e...
How the Company Makes Money
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Summit Minerals Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
27
Negative
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|
Income Statement | ||||
| Total Revenue | 97.64K | 418.38K | 66.29K | 0.00 |
| Gross Profit | 97.64K | 418.38K | 66.29K | 0.00 |
| EBITDA | -4.66M | -3.20M | -791.61K | 0.00 |
| Net Income | -4.90M | -4.82M | -959.81K | -1.64M |
Balance Sheet | ||||
| Total Assets | 11.78M | 13.35M | 6.10M | 828.42K |
| Cash, Cash Equivalents and Short-Term Investments | 1.41M | 2.23M | 2.46M | 800.75K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 133.07K | 205.93K | 352.97K | 1.01M |
| Stockholders Equity | 11.65M | 13.14M | 5.75M | -179.95K |
Cash Flow | ||||
| Free Cash Flow | -3.07M | -3.82M | -1.78M | -398.72K |
| Operating Cash Flow | -1.49M | -886.19K | -881.26K | -398.72K |
| Investing Cash Flow | -1.58M | -2.62M | -687.81K | -14.86K |
| Financing Cash Flow | 2.25M | 3.28M | 3.23M | 514.30K |
Summit Minerals Limited Technical Analysis
Positive
0.04
Price Trends
0.04
Positive
0.04
Positive
0.04
Positive
Market Momentum
>-0.01
Negative
53.34
Neutral
107.41
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WRX, the sentiment is Positive. The current price of 0.04 is above the 20-day moving average (MA) of 0.04, above the 50-day MA of 0.04, and above the 200-day MA of 0.04, indicating a bullish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 53.34 is Neutral, neither overbought nor oversold. The STOCH value of 107.41 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:WRX.
Summit 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% | |
45 Neutral | AU$17.69M | -3,062.78 | 5.92% | ― | ― | ― | |
45 Neutral | AU$5.63M | -0.39 | -330.13% | ― | ― | 61.60% | |
43 Neutral | ― | -0.56 | -40.99% | ― | ― | ― | |
42 Neutral | AU$5.67M | -5.18 | -18.13% | ― | ― | 21.62% | |
41 Neutral | AU$5.85M | -0.93 | -120.84% | ― | ― | -349.06% | |
| ― | AU$4.73M | -5.50 | -26.98% | ― | ― | 4.35% |
* Basic Materials Sector Average
AU:WRX
Summit Minerals Limited
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Summit Minerals Limited Corporate Events
Western Ridge Wins Approval for First Keystone Drilling in Eight Decades
Mar 25, 2026
Western Ridge Resources has secured regulatory approval from the Nevada Bureau of Land Management to begin its maiden drilling program at the Keystone Project in the second quarter of 2026. The fully funded campaign represents the first substantia...
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.