Rockex Mining (RXM) AI Stock Analysis

• Market Cap: C$3.34M
• Dividend Yield: N/A
• Average Volume (3M): 25.90K
• Price to Earnings (P/E): ―
• Beta (1Y): -2.52
• Revenue Growth: N/A
• EPS Growth: 43.81%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): 0.00
• Shares Outstanding: 133,687,350
• 10 Day Avg. Volume: 4,950
• 30 Day Avg. Volume: 25,900
• PEG Ratio: <0.01
• Price to Book (P/B): -0.40
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -9.07
• 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: 46 Neutral
• Price Target: C$0.03 ▼(-37.50% Downside)

The score is driven primarily by weak financial performance: no revenue base, ongoing operating losses, negative equity, and a return to negative operating/free cash flow in 2024. Technical indicators are mixed (neutral RSI with slightly negative MACD, and price below the 20-day average but above longer-term averages). Valuation provides limited support due to a negative P/E and no dividend yield data.

Positive Factors

Low leverage / no reported debt

Having no reported debt materially reduces near-term financing pressure and interest obligations, giving management flexibility to prioritize operational turnarounds or project investment. This structurally lowers bankruptcy risk and preserves optionality for capital raises over the next several months.

Historic positive cash generation (2022–2023)

Prior years of positive operating and free cash flow indicate the business has demonstrated an ability to generate cash under certain conditions, suggesting assets or operations can be cash-generative. This historical cash-generation capacity is a durable foundation for recovery if execution and market conditions improve.

Total assets increased in 2023–2024

An expanding asset base over 2023–2024 suggests continued investment or resource accumulation, which can underlie future production or monetization. Structurally, asset growth supports potential scalability and project development, reinforcing long-term operational optionality if management converts assets to revenue.

Negative Factors

No reported revenue across periods

Absence of any reported revenue indicates the company has not commercialized outputs or lacks a recurring sales base, forcing reliance on financing or non-operating items. This is a fundamental constraint on sustainable margins and cash flow, posing a structural risk until revenue is established.

Negative shareholders' equity (2020–2024)

Sustained negative equity reflects accumulated losses and a weakened capital base, limiting the company's ability to absorb further shocks. Structurally this constrains access to equity markets without heavy dilution and raises creditor and stakeholder concerns over solvency over the medium term.

Return to negative operating and free cash flow in 2024

The swing back to negative operating and free cash flow signals renewed cash burn and deteriorating self-funding capacity, increasing near-term financing needs. This structural cash-flow weakness elevates execution and liquidity risk over the coming months absent clear, sustainable operational improvements.

Rockex Mining Business Overview & Revenue Model

Company Description

Rockex Mining Corporation, an exploration stage company, engages in the exploration and evaluation of mineral properties in Canada. It holds a 100% interest in the Western Lake St. Joseph iron ore project that includes 216 contiguous mining cell claims covering an area of approximately 4,428 hectares located in the Patricia Mining Division of Ontario. The company also holds 100% interests in the East Soules Bay, a property consisting of 16 contiguous mining cell claims covering an area of approximately 328 hectares; and the Root Lake project, which include 80 contiguous claims covering an area of approximately 1,640 hectares located near the Western Lake St. Joseph. In addition, it holds an interest in the North Spirit Lake property comprising 112 contiguous mining claims covering an area of approximately 2,296 hectares located in the Buckett Lake and Hewitt Lake Townships in Ontario. The company is based in Thunder Bay, Canada.

How the Company Makes Money

Rockex Mining generates revenue through the extraction and sale of iron ore. The company's key revenue streams include selling iron ore to steel manufacturers and other industrial clients who utilize the material in construction, automotive production, and other manufacturing activities. Additionally, Rockex Mining may enter into offtake agreements with large buyers to secure long-term sales contracts, providing a stable revenue base. By optimizing mining operations and maintaining cost-effective production processes, Rockex Mining seeks to maximize profitability and shareholder value. Strategic partnerships with logistics companies ensure efficient transportation and distribution of their products, further enhancing their market reach and earning potential.

Rockex Mining Financial Statement Overview

Summary

Income statement shows no revenue across the periods provided and persistent operating losses (negative gross profit and EBIT/EBITDA). Balance sheet risk is elevated due to negative shareholders’ equity in 2020–2024 despite having no reported debt. Cash flow stability weakened as operating and free cash flow turned negative in 2024 after being positive in 2022–2023.

Income Statement

The company reports no revenue across the annual periods provided, while operating results remain consistently loss-making (negative gross profit and negative EBIT/EBITDA in every year shown). Net income is volatile—positive in 2023 but back to a meaningful loss in 2024—suggesting earnings are being driven by non-operating items rather than an improving core business. Overall, profitability and operating momentum are weak with no visible top-line traction.

Balance Sheet

A key strength is the lack of reported debt, which reduces near-term balance-sheet leverage risk. However, shareholders’ equity is negative in 2020–2024 (only 2019 shows positive equity), which is a major red flag and indicates accumulated losses and/or balance-sheet strain. Total assets increased in 2023–2024 versus 2022, but the capital structure remains fragile given the equity deficit.

Cash Flow

Cash generation is inconsistent: operating and free cash flow were strong in 2022–2023 (positive), but both turned negative in 2024, implying renewed cash burn. Free cash flow growth also swung sharply negative in 2024, highlighting instability in funding needs. While free cash flow roughly tracked net income in several years, the latest year shows weaker cash support for losses, raising execution and financing risk.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-457.71K	-808.00	-535.90K	-660.00	-828.00	-1.03K
EBITDA	-1.01M	-721.00K	-738.48K	-764.68K	-796.09K	-20.07M
Net Income	-954.70K	-731.00K	450.88K	-577.63K	-796.92K	-18.49M
Balance Sheet
Total Assets	306.49K	677.83K	822.07K	92.67K	38.77K	15.55K
Cash, Cash Equivalents and Short-Term Investments	826.00	71.89K	219.32K	72.42K	27.31K	5.46K
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	4.39M	4.05M	3.47M	3.19M	2.56M	2.41M
Stockholders Equity	-4.09M	-3.38M	-2.64M	-3.09M	-2.52M	-2.40M
Cash Flow
Free Cash Flow	-127.15K	-147.42K	721.64K	45.11K	-31.77K	-46.19K
Operating Cash Flow	-127.15K	-147.42K	723.15K	45.11K	-31.77K	-44.39K
Investing Cash Flow	0.00	0.00	-576.25K	0.00	0.00	-1.80K
Financing Cash Flow	0.00	0.00	0.00	0.00	53.63K	50.00K

Rockex Mining Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.04
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:RXM, the sentiment is Negative. The current price of 0.04 is above the 20-day moving average (MA) of 0.03, above the 50-day MA of 0.03, and above the 200-day MA of 0.02, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 40.63 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:RXM.

Rockex Mining 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%
SILV	54 Neutral	C$6.46M	-25.19	-6.17%	―	―	-454.17%
ION	48 Neutral	C$3.10M	-1.57	-189.13%	―	―	-70.83%
RXM	46 Neutral	C$3.34M	-4.24	―	―	―	43.81%
QBAT	45 Neutral	C$2.78M	-2.58	-14.59%	―	―	-36.33%
GEL	45 Neutral	C$3.66M	-3.66	-96.85%	―	―	35.91%