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MRG Metals Limited
(Sydney:MRQ)
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Rating:47Neutral
Price Target:
AU$0.01
▲(400.00% Upside)
Action:Reiterated
Date:08/04/26
The score is primarily held back by weak financial performance—ongoing losses, minimal/volatile revenue, and persistent negative operating and free cash flow. Offsetting this somewhat is a debt-free balance sheet that reduces financial risk, while valuation is constrained by negative earnings and technical analysis is neutral due to missing indicators.
Positive Factors
Debt-free balance sheet
A debt-free balance sheet materially reduces solvency risk and interest burden, giving management strategic flexibility. For a junior explorer this durability lowers the immediate risk of forced asset sales or covenant stress and improves optionality for staged project funding.
Negative Factors
Persistent negative operating cashflow
Consistent negative operating cash flow signals structural cash burn and an inability to self-fund exploration or development. Over a multi-month horizon this increases dependency on equity raises or asset sales, raising dilution and execution risk for advancing projects to value-accretive milestones.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A debt-free balance sheet materially reduces solvency risk and interest burden, giving management strategic flexibility. For a junior explorer this durability lowers the immediate risk of forced asset sales or covenant stress and improves optionality for staged project funding.
Read all positive factors
MRG Metals Limited (MRQ) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$6.70M
Dividend Yield5000%
Average Volume (3M)N/A
Price to Earnings (P/E)―
Beta (1Y)1.10
Revenue GrowthN/A
EPS Growth25.00%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding3,348,151,100
10 Day Avg. VolumeN/A
30 Day Avg. VolumeN/A
Financial Highlights & Ratios
PEG Ratio0.40
Price to Book (P/B)1.02
Price to Sales (P/S)1205.51
P/FCF Ratio-7.37
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
MRG Metals Limited Business Overview & Revenue Model
Company Description
MRG Metals Ltd, along with its subsidiaries, specializes in the discovery and development of heavy mineral sands deposits within Mozambique. The company's holdings in the country feature a range of heavy mineral sands ventures, notably the Corrido...
How the Company Makes Money
MRG Metals Limited’s revenue model is primarily tied to the exploration-to-development pathway typical of junior resource companies. In general, such companies seek to create value by (i) acquiring and holding exploration tenements, (ii) funding e...
MRG Metals Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
64
Positive
Cash Flow
27
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 5.84K | 13.27K | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 5.84K | 13.27K | 0.00 | -19.80K | 0.00 |
| EBITDA | -403.62K | -722.43K | -749.47K | -752.55K | -692.54K | -665.90K |
| Net Income | -715.34K | -939.01K | -847.05K | -846.89K | -702.34K | -665.66K |
Balance Sheet | ||||||
| Total Assets | 8.21M | 7.09M | 7.21M | 6.81M | 6.61M | 5.69M |
| Cash, Cash Equivalents and Short-Term Investments | 1.05M | 193.83K | 359.55K | 575.05K | 1.02M | 1.61M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 182.35K | 168.83K | 223.54K | 59.52K | 205.92K | 127.04K |
| Stockholders Equity | 8.02M | 6.92M | 6.98M | 6.75M | 6.40M | 5.56M |
Cash Flow | ||||||
| Free Cash Flow | -551.71K | -955.52K | -1.32M | -1.63M | -1.98M | -2.01M |
| Operating Cash Flow | -551.72K | -614.38K | -730.92K | -933.55K | -668.49K | -701.93K |
| Investing Cash Flow | -425.72K | -341.14K | -568.17K | -693.59K | -1.33M | -1.31M |
| Financing Cash Flow | 1.41M | 789.80K | 1.08M | 1.18M | 1.41M | 2.90M |
MRG Metals 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% | |
47 Neutral | AU$6.70M | -10.00 | -9.58% | 5000.00% | ― | 25.00% | |
46 Neutral | AU$10.35M | -3.75 | -21.38% | ― | 29.69% | 10.53% | |
43 Neutral | AU$10.36M | -3.02 | -18.09% | ― | ― | 64.33% | |
43 Neutral | AU$11.20M | -7.07 | -65.73% | ― | ― | 81.91% | |
41 Neutral | AU$10.54M | -60.00 | -16.36% | ― | ― | ― |
* Basic Materials Sector Average
AU:MRQ
MRG Metals Limited
―
―
―
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MRG Metals Limited Corporate Events
MRG Metals Advances African Critical Minerals Portfolio and Titanium JV Toward 2027 Output
Jul 31, 2026
MRG Metals reported progress across its four critical minerals projects during the June 2026 quarter, highlighting high-grade monazite and heavy mineral results, gallium identification and advancement of its titanium dioxide joint venture toward a...
MRG Metals advances Adriano REE project with pit study and planned grid drilling
Jul 8, 2026
MRG Metals has completed an exploration pit grade and mineralogy study at the Adriano rare earth elements project, concentrating on Target Area 2 where prior auger drilling returned high total heavy mineral grades above 5%. The work involved detai...
MRG Metals Identifies Significant Gallium at South Africa Garies Rare Earths Project
Jul 1, 2026
MRG Metals has reported significant gallium mineralisation associated with rare earths and magnetite at its Garies Project in South Africa, with drill samples averaging 290 ppm gallium oxide and reaching up to 450 ppm. Laboratory work shows galliu...
MRG Metals director reviews Southern African critical minerals portfolio
Jun 23, 2026
MRG Metals’ non-executive director Chris Gregory has completed a comprehensive site review of the company’s critical minerals portfolio in Mozambique and South Africa, underscoring the strategic importance of its titanium dioxide and r...
MRG Metals Completes Fotinho Drilling to Test District-Scale Rare Earth Potential
May 31, 2026
MRG Metals has completed a 53-hole hand-auger drilling program at its 100%-owned Fotinho Rare Earth Project in Mozambique, targeting shallow alluvial deposits along multiple river systems that form a continuous drainage catchment with its adjacent...
MRG Metals corrects resource and exploration target figures for Mozambican mineral sands projects
May 22, 2026
MRG Metals has issued a clarification on earlier announcements concerning its Corridor North and Marao heavy mineral sands joint venture drilling, specifically rectifying how it described mineral resource and exploration target figures for the adj...
MRG Metals Confirms High-Grade Heavy Minerals and Rare Earths at Adriano Project
May 12, 2026
MRG Metals has reported final mineralogical and chemical results from a composite heavy mineral concentrate sample taken from four alluvial target areas at its Adriano Rare Earth Project in Mozambique. The work confirms a high valuable heavy miner...
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.
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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.