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Mount Ridley Mines Limited (MRD) AI Stock Analysis
Mount Ridley Mines Limited
(ASX:MRD)
The overall score of 46 is heavily pressured by the company's dire financial state, marked by zero revenue and continuous cash burn, which poses a significant risk to its viability. While the debt-free balance sheet offers a temporary cushion, it is rapidly eroding. Positive technical momentum provides some short-term support, but the negative earnings and lack of dividends make the stock fundamentally unattractive.
Mount Ridley Mines Limited (MRD) vs. iShares MSCI Australia ETF (EWA)
- Market Cap
- AUD 65.58M
- Dividend Yield
- ―
- Average Volume (3M)
- 6.83M
- Price to Earnings (P/E)
- -23.5
- Beta (1Y)
- -1.03
- Revenue Growth
- ―
- EPS Growth
- 30.00%
- Country
- Australia
- Employees
- 1
- Sector
- Basic Materials
- Sector Strength
- 61
- Industry
- Other Precious Metals
Mount Ridley Mines Limited Business Overview & Revenue Model
Company Description
Mount Ridley Mines Limited is an Australian company dedicated to the exploration and identification of mineral deposits. Its primary focus lies in discovering resources such as nickel, iron, copper, gold, and rare earth elements. The company's portfo...
Mount Ridley Mines Limited Financial Statement Overview
Summary
Financial performance is critically weak. Revenue has collapsed to $0, net losses are persistent and significant, and cash burn from operations is severe. The only mitigating factor is a debt-free balance sheet, but rapidly declining equity signals an unsustainable trajectory.
Income Statement
8Very NegativeBalance Sheet
55NeutralCash Flow
10Very Negative| Breakdown | TTM | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0 | 0 | 453.18K | 1.09M | 683.52K | 9,642 |
| Gross Profit | -19.99K | -19.99K | 453.18K | 1.09M | 597.20K | -21.44K |
| EBITDA | -2.41M | -2.41M | -707.64K | -1.84M | -5.21M | -4.28M |
| Net Income | -2.38M | -2.38M | -2.64M | -1.99M | -4.65M | -4.31M |
Balance Sheet | ||||||
| Total Assets | 2.17M | 2.17M | 1.21M | 3.96M | 6.41M | 5.17M |
| Cash, Cash Equivalents and Short-Term Investments | 1.89M | 1.89M | 950.13K | 1.79M | 3.86M | 2.73M |
| Total Debt | 0 | 0 | 0 | 24.17K | 57.41K | 80.90K |
| Total Liabilities | 176.54K | 176.54K | 52.21K | 162.11K | 477.85K | 211.87K |
| Stockholders Equity | 2.00M | 2.00M | 1.16M | 3.80M | 5.93M | 4.96M |
Cash Flow | ||||||
| Free Cash Flow | -1.91M | -1.91M | -1.02M | -2.05M | -4.18M | -3.39M |
| Operating Cash Flow | -1.90M | -1.90M | -1.02M | -2.05M | -3.96M | -3.19M |
| Investing Cash Flow | -16.48K | -16.48K | 7,847 | 5,033 | -277.09K | 293.48K |
| Financing Cash Flow | 2.86M | 2.86M | 565.89K | -35.94K | 5.45M | 3.71M |
Mount Ridley Mines Limited Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MRD, 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 0.03, indicating a bullish trend. The MACD of 0.00 indicates Negative momentum. The RSI at 65.36 is Neutral, neither overbought nor oversold. The STOCH value of 43.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:MRD.
Mount Ridley Mines Limited Peers Comparison
Overall Rating
AU:CST54Neutral
AU:LML47Neutral- AU:MRD46Neutral
AU:VRC45Neutral
AU:PR140Underperform
AU:TAS37Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 61Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
| AU:CST | 54Neutral | AUD 25.68M | -26.80 | -2.12% | ― | ― | 43.18% |
| AU:LML | 47Neutral | AUD 32.05M | -36.67 | -29.52% | ― | ― | 18.18% |
| AU:MRD | 46Neutral | AUD 65.58M | -23.50 | -122.43% | ― | ― | 30.00% |
| AU:VRC | 45Neutral | AUD 21.84M | -13.33 | -11.53% | ― | ― | -783.33% |
| AU:PR1 | 40Underperform | AUD 16.46M | -5.04 | -65.71% | ― | -33.12% | -40.74% |
| AU:TAS | 37Underperform | AUD 16.98M | 0.56 | 173.85% | ― | -92.26% | ― |
* Basic Materials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| AU:MRD | Mount Ridley Mines Limited | 0.05 | -0.01 | -16.07% | |
| AU:TAS | Tasman Resources Ltd | 0.03 | 0.01 | 57.89% | |
| AU:LML | Lincoln Minerals Limited | 0.01 | 0.00 | 10.00% | |
| AU:CST | Castile Resources Ltd | 0.07 | -0.04 | -36.19% | |
| AU:VRC | Volt Resources Ltd | 0.01 | 0.00 | 0.00% | |
| AU:PR1 | Pure Resources Limited | 0.23 | 0.04 | 21.05% |
Mount Ridley Mines Limited Corporate Events
Mount Ridley lifts gallium recovery to 95% with new bauxite process
Mount Ridley Mines has reported that its wholly owned Selectro™ Process achieved 95% gallium recovery, alongside 92% aluminium and 97% iron, from a Darling Range bauxite composite supplied by Australian Silica Quartz Group. The process operates...
Mount Ridley Mines Sets Date and Voting Process for 2026 AGM
Mount Ridley Mines Limited has announced that its Annual General Meeting will be held on 19 November 2026 in West Perth, Western Australia, with shareholders invited to attend in person at the scheduled venue and time. The company has shifted to pred...
Mount Ridley Mines Plans Issue of 37 Million Performance Rights
Mount Ridley Mines Limited has notified the ASX of a proposed issue of up to 37 million performance rights, classified as a placement or other form of security issue, with an expected issue date of 30 November 2026. The move signals the company’...
Mount Ridley Files Second Selectro Patent Targeting Industrial Metals
Mount Ridley Mines Limited has lodged a second provisional patent application in Australia for a variant of its Selectro™ metal recovery chemistry tailored to industrial metal feedstocks. The new application, held by its Mount Ridley Tech subsi...
Mount Ridley Mines Requests Trading Halt Ahead of Selectro Testwork Update
Mount Ridley Mines Limited, an ASX-listed Australian mining and exploration company, focuses on advancing mineral projects and related processing technologies in Western Australia. The company’s fortunes are closely tied to technical testwork,...
Mount Ridley Mines Issues New Shares Under Cleansing Notice
Mount Ridley Mines Limited is an Australia-based mining and exploration company listed on the ASX under the ticker MRD. The company focuses on identifying and developing mineral resources, positioning itself within the broader Australian resources se...
Mount Ridley Mines Lists Additional Shares on ASX
Mount Ridley Mines Limited has applied for quotation of 5,008,333 new ordinary fully paid shares on the ASX, with an issue date of October 2, 2026. The securities are being listed under the existing MRD code, modestly increasing the company’s f...
Mount Ridley Sets AGM Date and Director Nomination Deadline
Mount Ridley Mines Limited has scheduled its Annual General Meeting to be held on or around 19 November 2026, in line with ASX listing requirements and its corporate governance framework.The company has set 8 October 2026 as the deadline for receivin...
Mount Ridley Mines Updates ASX Corporate Governance Disclosures
Mount Ridley Mines Limited has lodged its updated corporate governance statement for the financial year ended 30 June 2026, confirming compliance with key ASX Corporate Governance Council recommendations. The statement is current as of 30 September 2...
Mount Ridley Selectro Test Lifts Scandium and Rare Earth Recoveries on Lower Reagent Use
Mount Ridley Mines reported its best metallurgical results to date from the proprietary Selectro leach process at the Grass Patch project, with Test 3 delivering significantly higher recoveries of heavy and light rare earths and scandium while using...
Mount Ridley Mines Issues New Shares and Confirms Regulatory Compliance
Mount Ridley Mines Limited has issued 61,943,938 fully paid ordinary shares, comprising shares from a recently announced placement and additional shares from the exercise of options. The company has confirmed that these securities were issued without...
Mount Ridley Mines Adds 1.3 Million New Shares to ASX Quotation
Mount Ridley Mines Limited has lodged a new application with the ASX for quotation of additional ordinary fully paid shares. The filing covers the issuance of 1,337,838 MRD securities dated 11 September 2026, formally adding these shares to the compa...
Mount Ridley Mines Seeks ASX Quotation for Over 60 Million New Shares
Mount Ridley Mines Limited has applied for quotation of 60,606,100 new ordinary fully paid shares on the ASX, to be issued on September 11, 2026. The additional securities, arising from previously announced transactions, will expand the company’...
Mount Ridley Mines Denies Undisclosed News Behind Share Price Spike
Mount Ridley Mines Limited has responded to an ASX price query following a sharp intraday move in its share price, stating it is not aware of any undisclosed information or exploration results that would explain the trading. The company confirms it i...
Mount Ridley Mines Plans Share and Option Placement to Raise Capital
Mount Ridley Mines Limited has announced a proposed issue of new securities, comprising 63,636,400 ordinary fully paid shares and 6,363,640 unlisted options with a three-year expiry from the date of issue. The placement is scheduled for 11 September...
Mount Ridley Raises $2 Million to Fast-Track Grass Patch and Selectroâ„¢ Development
Mount Ridley Mines Limited has completed an oversubscribed placement to raise $2 million from sophisticated and professional investors at $0.033 per share, with directors committing a further $100,000 subject to shareholder approval. The raise, struc...
Mount Ridley Claims World’s Largest Publicly Reported Scandium Resource at Grass Patch
Mount Ridley Mines has upgraded the scandium mineral resource at its Grass Patch Project in Western Australia to 946 million tonnes at 50.1 parts per million, which it says is now the largest publicly reported JORC-compliant scandium resource globall...
Mount Ridley Mines to Host Investor Webinar on Grass Patch Project
Mount Ridley Mines Limited has scheduled an investor webinar on MarketOpen Direct Connect for 27 August 2026 to provide an update on its Grass Patch Project. Managing Director and CEO Allister Caird will present the latest developments and engage in...
Mount Ridley Secures Provisional Patent for High-Recovery Selectro Critical Minerals Process
Mount Ridley Mines Limited has lodged a provisional patent application for its proprietary Selectro leach process, securing full ownership of the intellectual property and a priority date for pursuing protection in Australia and overseas. The in-hous...
Mount Ridley’s Selectro Leach Delivers Breakthrough Critical Mineral Recoveries
Mount Ridley Mines Limited is an Australian mineral exploration company focused on critical minerals, including heavy and light rare earth elements, scandium and gallium, at its Grass Patch Complex in Western Australia. The company is positioning its...
Mount Ridley Confirms Phosphate-Hosted Rare Earths at Grass Patch, Eyes Flotation Pathway
Mount Ridley Mines Limited has confirmed through its first automated mineralogy study that rare earth elements at its Grass Patch Project are almost entirely hosted in three discrete phosphate minerals, xenotime, crandallite group phosphates and mona...
Mount Ridley Advances Metallurgical Testwork at Grass Patch Critical Minerals Project
Mount Ridley Mines has begun Phase 1 metallurgical testwork on regolith-hosted heavy rare earth mineralisation at its Winstons and Keiths prospects within the Grass Patch Complex. Led by newly appointed Chief Technology Officer Chris Larder and under...
Mount Ridley Mines Issues 24 Million Unquoted Performance Rights Under Incentive Plan
Mount Ridley Mines Limited has issued 24 million unquoted performance rights under its employee incentive scheme, effective July 23, 2026. The move underscores the company’s use of equity-based rewards to align staff interests with long-term sh...
Mount Ridley Mines Issues New Unquoted Performance Rights
Mount Ridley Mines Limited has notified the market of the issue of 2,083,333 unquoted performance rights, recorded under the ASX security code MRDAC, with an issue date of 23 July 2026. The new performance rights form part of the company’s equi...
Mount Ridley Names CTO as Rare Earths Project Shifts to Processing Phase
Mount Ridley Mines Limited has appointed metallurgist Chris Larder as Chief Technology Officer, formalising his role in leading the company’s processing and metallurgy programs since April 2026. The move brings its processing route in‑hou...
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.
Date of analysis: Oct 22, 2026