Todd River Resources Ltd. (XRA) AI Stock Analysis

• Market Cap: AU$18.27M
• Dividend Yield: N/A
• Average Volume (3M): 173.29K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.12
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): -0.04
• Shares Outstanding: 60,900,368
• 10 Day Avg. Volume: 168,238
• 30 Day Avg. Volume: 173,291
• PEG Ratio: 0.03
• Price to Book (P/B): 0.20
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -0.76
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 50 Neutral
• Price Target: AU$0.30 ▲(42.86% Upside)

Overall score is held down primarily by weak financial performance (no revenue, rising losses, and continued cash burn despite low leverage). Technicals are supportive with strong momentum, but overbought indicators raise near-term risk. Valuation contributes only moderately due to a negative P/E and no dividend support.

Positive Factors

Low leverage reduces solvency risk

Very low debt relative to equity meaningfully lowers refinancing and interest burden risk. For a pre-revenue miner, this structural balance-sheet conservatism preserves optionality to fund development or survive downturns without heavy solvency pressure.

Improving free cash flow trend

Year-over-year improvement in free cash flow indicates progress toward better cash efficiency. If sustained, this reduces external funding needs, lengthens runway and supports a path to self-funding operations as projects advance.

Listed on ASX supports access to capital

Being listed on the ASX provides durable access to public equity markets and investor pools relevant to resource firms. For a pre-revenue company, this structural access supports future capital raises required to fund exploration and development stages.

Negative Factors

Pre-revenue operations limit visibility

No reported revenue means absent operating cash generation and unclear unit economics. Long-term investment outcomes hinge on discovery or commercialization milestones, making forecasts of sustainable margins and returns highly uncertain.

Ongoing negative cash flow and cash burn

Persistently negative operating and free cash flow creates structural reliance on external financing. Continued cash burn increases dilution or refinancing risk, constraining investment flexibility and slowing progress toward commercial operations.

Erosion of equity and very negative ROE

Material decline in shareholders' equity and heavily negative ROE indicate the balance sheet is being consumed by recurring deficits or write-downs. This weakens the capital base, reduces financial resilience, and increases the probability of further dilution to raise funds.

Todd River Resources Ltd. Business Overview & Revenue Model

Company Description

Xenora Minerals Limited engages in exploration and evaluation of mineral resources in Australia and Canada. It explores for gold, uranium, lithium, copper, zinc, lead, nickel, base, and precious metals deposits. The company was formerly known as Trinex Minerals Limited and changed its name to Xenora Minerals Limited in September 2025. Xenora Minerals Limited was incorporated in 2014 and is based in Subiaco, Australia.

How the Company Makes Money

Todd River Resources Ltd. Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00
Gross Profit	-77.29K	-77.29K	0.00	0.00	0.00
EBITDA	-6.79M	-6.79M	-4.81M	-3.02M	-5.73M
Net Income	-6.88M	-6.88M	-4.93M	-3.08M	-5.76M
Balance Sheet
Total Assets	10.30M	10.30M	16.79M	9.33M	13.66M
Cash, Cash Equivalents and Short-Term Investments	1.16M	1.16M	2.80M	2.67M	6.65M
Total Debt	81.81K	81.81K	154.11K	229.68K	35.94K
Total Liabilities	599.83K	599.83K	1.56M	679.19K	200.74K
Stockholders Equity	9.70M	9.70M	15.23M	8.65M	13.27M
Cash Flow
Free Cash Flow	-2.50M	-2.50M	-5.32M	-3.08M	-2.52M
Operating Cash Flow	-2.50M	-2.50M	0.00	0.00	0.00
Investing Cash Flow	-32.47K	-32.47K	-1.91M	-139.54K	-181.15K
Financing Cash Flow	892.62K	892.62K	5.59M	1.26M	7.53M

Todd River Resources Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%

Todd River Resources Ltd. Corporate Events

Xenora Advances Dudley Lithium Farm-In as It Targets Majority Stake

Xenora Minerals has elected to proceed to Stage 1b of its farm-in agreement with South Australia Lithium Pty Ltd on the Dudley Lithium Project, paying A$37,500 in cash and issuing A$100,000 in shares, escrowed for six months, as part of its path to earn an initial 51% interest. The company must complete A$700,000 in total Stage 1 exploration expenditures by January 2027, with A$446,954 already spent, while progressing key permitting and access arrangements including an extended landowner access and compensation agreement and the imminent submission of an E-PEPR application for RC drilling planned for 2026. If Stage 1 conditions are met, Xenora can move to Stage 2 to lift its stake to 90% via further cash, share payments and aggregate exploration spending of A$1.4 million, positioning the company to secure a dominant interest in the project, though failure to advance would leave it with a smaller joint-venture interest or no stake at all.

The most recent analyst rating on (AU:XRA) stock is a Hold with a A$0.21 price target. To see the full list of analyst forecasts on Todd River Resources Ltd. stock, see the AU:XRA Stock Forecast page.

Xenora Minerals Issues 393,701 New Shares Under Corporations Act Notice

Xenora Minerals Limited has issued 393,701 fully paid ordinary shares on 9 January 2026, with the new securities to be quoted on the ASX under the code XRA. The company confirmed the shares were issued without a prospectus under the relevant Corporations Act provisions and stated it is up to date with its financial reporting and continuous disclosure obligations, with no excluded information, paving the way for secondary trading of the new shares and signalling routine capital management activity for stakeholders.

The most recent analyst rating on (AU:XRA) stock is a Hold with a A$0.21 price target. To see the full list of analyst forecasts on Todd River Resources Ltd. stock, see the AU:XRA Stock Forecast page.

Xenora Minerals Seeks ASX Quotation for 393,701 New Shares

Xenora Minerals Ltd, listed on the ASX under the code XRA, operates in the minerals exploration and resources sector, though this filing does not specify its particular commodity focus or project portfolio.

The company has applied for quotation of 393,701 new fully paid ordinary shares on the ASX, issued on 9 January 2026, as part of previously announced transactions, modestly increasing its quoted capital base and potentially supporting ongoing corporate or project-related activities.

The most recent analyst rating on (AU:XRA) stock is a Hold with a A$0.21 price target. To see the full list of analyst forecasts on Todd River Resources Ltd. stock, see the AU:XRA Stock Forecast page.

Xenora Minerals Director Increases Stake Following AGM Approval

Xenora Minerals Limited announced a change in the director’s interest, specifically involving Peretz Schapiro, who has acquired 171,875 fully paid ordinary shares through director participation in a placement. This acquisition followed shareholder approval at the company’s AGM on November 27, 2025, reflecting a strategic move to increase director investment in the company.

Xenora Minerals Issues New Shares in Compliance with Corporations Act

Xenora Minerals Limited, a company listed on the ASX, has issued 2,154,862 fully paid ordinary shares without disclosure to investors under Part 6D.2 of the Corporations Act 2001. This issuance complies with the relevant legal provisions, and there is no excluded information that needs to be disclosed, indicating a transparent and compliant operation.

Xenora Minerals Ltd Announces Quotation of New Securities on ASX

Xenora Minerals Ltd has announced the quotation of 2,154,862 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of December 3, 2025. This move is part of previously announced transactions, potentially enhancing the company’s market presence and providing additional capital for its operations, which may have implications for its growth strategy and stakeholder interests.

Xenora Minerals Issues Unlisted Options to Strengthen Market Position

Xenora Minerals Ltd has announced the issuance of 1,500,000 unlisted options, exercisable at $0.24 and expiring on December 3, 2028. This move is part of a previously announced transaction and involves securities that are not quoted on the ASX, indicating strategic financial maneuvers to potentially enhance its market positioning.

Xenora Minerals Approves Key Resolutions at Annual General Meeting

Xenora Minerals Limited held its Annual General Meeting on November 27, 2025, where shareholders voted on various resolutions. The meeting resulted in the approval of several key resolutions, including the adoption of the remuneration report, re-election of directors, and approval of placement shares and options. These approvals are expected to support the company’s strategic initiatives and enhance its operational capabilities.

Xenora Minerals Reports Successful Capital Raise and Corporate Restructuring

Xenora Minerals Ltd has announced its quarterly activities report for September 2025, highlighting a successful capital raise and corporate restructuring. The company raised a total of A$3.03 million through equity placements and restructured its capital by consolidating shares. Additionally, there were changes in the board with a new chairman appointed. The company also changed its name from Trinex Minerals Limited to Xenora Minerals Ltd. Xenora’s cash reserves increased to approximately A$2.6 million following the capital raise, with expenditures focused on environmental rehabilitation and geochemistry activities. These developments are expected to strengthen Xenora’s financial position and support its ongoing exploration activities.

Xenora Minerals Limited Announces 2025 AGM with Key Resolutions

Xenora Minerals Limited has announced its Annual General Meeting (AGM) scheduled for November 27, 2025, at their Subiaco, WA location. The meeting will cover the company’s annual report, including financial, directors’, and auditors’ reports for the fiscal year ending June 30, 2025. A key agenda item is the non-binding resolution on the adoption of the Remuneration Report, which will be presented to shareholders for approval. This meeting is an opportunity for shareholders to engage with the company’s leadership and discuss its financial performance and governance.