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WRX Stock Chart & Stats
AU$0.02
>-AU$0.01(-20.83%)
At close: 4:00 PM EDT
AU$0.02
>-AU$0.01(-20.83%)
Day’s Range― - ―
52-Week RangeAU$0.02 - AU$0.07
Previous CloseN/A
Volume105.84K
Average Volume (3M)932.80K
Market Cap
AU$11.51M
Enterprise ValueAU$1.75T
Total Cash (Recent Filing)AU$407.86K
Total Debt (Recent Filing)AU$0.00
Price to Earnings (P/E)―
Beta0.56
Next Earnings
Mar 18, 2027EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.10
Shares Outstanding191,904,070
10 Day Avg. Volume814,761
30 Day Avg. Volume932,796
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)1.18
Price to Sales (P/S)45.82
P/FCF Ratio-0.92
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 SheetThe absence of reported debt limits fixed financial obligations and reduces balance-sheet risk while the company advances its projects. This provides greater flexibility to allocate available capital toward exploration and may lessen pressure from interest costs during periods of weak revenue.
Mineral Exploration PortfolioA project portfolio supported by geological mapping, geochemical sampling and drilling gives Summit a defined process for progressing mineral prospects toward potential resources. This exploration-led model can create longer-term growth options if technical work identifies commercially attractive deposits.
High Gross MarginsHigh reported gross margins suggest that the underlying revenue generated has favorable direct economics, even though the current revenue base is too small to cover the broader cost structure. If activity and revenue scale, this margin profile could support improved operating leverage.
Bears Say
Sharp Revenue DeclineRevenue is both very small and volatile, with a substantial decline by 2026. Such a limited and inconsistent revenue base provides little support for recurring operating costs, makes financial performance difficult to scale, and leaves the company dependent on successful future project progression.
Deep Net LossesDeep net and operating losses indicate that the company is not currently converting its exploration activity into sustainable earnings. Persistent losses can consume financial resources, delay the achievement of operating leverage, and reduce the capacity to fund development internally over the coming periods.
Persistent Cash Burn And Shrinking EquityConsistently negative operating and free cash flow shows limited self-funding capacity, while the sharp contraction in equity reflects sustained losses. Continued exploration and investment therefore rely on external funding, increasing financing pressure and potential dilution risk.
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$0.01 and its highest was AU$0.07 in the past 12 months.
What is Summit Minerals Limited’s market cap?
Summit Minerals Limited’s market cap is AU$11.51M.
When is Summit Minerals Limited’s upcoming earnings report date?
Summit Minerals Limited’s upcoming earnings report date is Mar 18, 2027 which is in 138 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 191,904,070 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
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10
Blogger Sentiment
Bullish
AU:WRX Sentiment 93%
Sector Average 68%
Sector Average 68%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
53.84%
12-Months-Change
Fundamentals
Return on Equity
-284.00%
Trailing 12-Months
Asset Growth
―
Trailing 12-Months
Learn more about TipRanks Smart Score
Company Description
Summit Minerals Limited
Western Ridge Resources Limited, an Australian entity established in 2021 and headquartered in Peppermint Grove, specializes in identifying, acquiring, and advancing projects focused on battery and other critical minerals. Its exploration endeavors span Brazil, Canada, and Australia, specifically targeting deposits rich in niobium, tantalum, rare earth elements, uranium, and lithium pegmatites. The company's key holdings include the Equador Niobium Project and the Juazerinho Niobium Project, both strategically situated in the Borborema Pegmatitic Province of northeastern Brazil. The firm, which was formerly known as Summit Minerals Limited, officially adopted its current name, Western Ridge Resources Limited, in February 2026.
Technical Analysis
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