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MinRex Resources Limited
(Sydney:NRL)
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Rating:44Neutral
Price Target:
AU$0.01
▼(-40.00% Downside)
Action:Reiterated
Date:10/28/26
The score is primarily constrained by weak financial performance (no stable revenue base, persistent losses, and ongoing cash burn) and a soft technical setup (below key longer-term moving averages with bearish MACD). A low-debt balance sheet and improved equity position provide some support, but negative earnings (negative P/E) and lack of dividend yield data limit valuation support.
Positive Factors
Minimal Leverage
An effectively debt-free balance sheet reduces interest obligations, refinancing exposure, and financial stress while the company funds exploration. This provides greater flexibility to allocate capital toward projects and helps preserve resilience during periods without commercial revenue.
Negative Factors
No Stable Revenue Base
The absence of recurring commercial revenue leaves the company dependent on exploration outcomes rather than an established operating franchise. With little revenue to absorb fixed costs, financial performance remains highly sensitive to project progress and future funding availability.
Read all positive and negative factors
Positive Factors
Negative Factors
Minimal Leverage
An effectively debt-free balance sheet reduces interest obligations, refinancing exposure, and financial stress while the company funds exploration. This provides greater flexibility to allocate capital toward projects and helps preserve resilience during periods without commercial revenue.
Read all positive factors
MinRex Resources Limited (NRL) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$21.43M
Dividend YieldN/A
Average Volume (3M)1.76M
Price to Earnings (P/E)―
Beta (1Y)1.14
Revenue GrowthN/A
EPS Growth18.18%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding2,143,153,300
10 Day Avg. Volume1,115,628
30 Day Avg. Volume1,757,219
Financial Highlights & Ratios
PEG Ratio0.43
Price to Book (P/B)0.65
Price to Sales (P/S)0.00
P/FCF Ratio-8.90
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
MinRex Resources Limited Business Overview & Revenue Model
Company Description
Northstone Resources Ltd. engages in the business of exploration and development of gold, base metal, and tin projects in Australia. Its projects include Tlamo, Timok East, and Sofala. It operates through the following geographical segments: Austr...
MinRex Resources Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
66
Positive
Cash Flow
28
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 32.38K | 6.02K | 0.00 | 0.00 |
| Gross Profit | -7.17K | 32.38K | -70.31K | -113.36K | -66.82K |
| EBITDA | -1.92M | -2.80M | -4.23M | -17.19M | -2.65M |
| Net Income | -2.43M | -2.36M | -4.30M | -17.31M | -2.72M |
Balance Sheet | |||||
| Total Assets | 29.66M | 12.95M | 14.81M | 19.03M | 34.60M |
| Cash, Cash Equivalents and Short-Term Investments | 6.05M | 499.32K | 9.94M | 11.69M | 14.19M |
| Total Debt | 0.00 | 0.00 | 71.73K | 105.03K | 129.71K |
| Total Liabilities | 995.06K | 192.14K | 270.44K | 532.39K | 475.47K |
| Stockholders Equity | 28.67M | 12.76M | 14.53M | 18.50M | 34.12M |
Cash Flow | |||||
| Free Cash Flow | -2.08M | -1.23M | -2.13M | -3.69M | -2.65M |
| Operating Cash Flow | -2.04M | -1.23M | -1.98M | -3.54M | -2.35M |
| Investing Cash Flow | 8.35M | -174.42K | -7.94M | -192.45K | -232.13K |
| Financing Cash Flow | -748.88K | 171.50K | -37.81K | 1.23M | 14.32M |
MinRex Resources Limited Technical Analysis
Negative
0.02
Price Trends
0.01
Negative
0.01
Negative
0.02
Negative
Market Momentum
>-0.01
Negative
31.97
Neutral
-50.00
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:NRL, the sentiment is Negative. The current price of 0.02 is above the 20-day moving average (MA) of 0.01, above the 50-day MA of 0.01, and above the 200-day MA of 0.02, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 31.97 is Neutral, neither overbought nor oversold. The STOCH value of -50.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:NRL.
MinRex Resources 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% | |
53 Neutral | AU$32.43M | 2.45 | 50.59% | ― | ― | ― | |
49 Neutral | AU$37.87M | -4.09 | -22.65% | ― | ― | -2.81% | |
48 Neutral | AU$29.30M | 2.29 | 57.37% | ― | ― | ― | |
44 Neutral | AU$21.43M | -10.83 | -11.91% | ― | ― | 18.18% | |
38 Underperform | AU$28.90M | 15.00 | -0.46% | ― | ― | ― | |
34 Underperform | AU$23.53M | -1,261.98 | -0.21% | ― | ― | 27.27% |
* Basic Materials Sector Average
AU:NRL
MinRex Resources Limited
0.01
>-0.01
-28.57%
AU:S2R
S2 Resources
0.06
-0.03
-32.22%
AU:JLL
Jindalee Resources Limited
0.30
-0.22
-42.08%
AU:RCM
Armada Metals Ltd.
0.02
-0.03
-52.00%
AU:WCE
Errawarra Resources Ltd.
0.05
-0.10
-64.00%
AU:PL9
Arizona Lithium Limited
0.01
0.00
0.00%
MinRex Resources Limited Corporate Events
Northstone Resources Sets AGM Date and Pushes Digital Access for Shareholders
Oct 20, 2026
Northstone Resources Limited has convened its Annual General Meeting for 30 November 2026 in West Perth, with the session scheduled to start at 2:30pm AWST. The company is shifting towards electronic dissemination of its Notice of Meeting and rela...
Northstone Resources calls 2026 AGM to vote on financials and executive pay
Oct 20, 2026
Northstone Resources Limited has called its annual general meeting for 30 November 2026 in West Perth, setting 28 November as the record date to determine voting eligibility. The meeting will consider the company’s financial statements for t...
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.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower 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.
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.