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RareX Limited
(Sydney:REE)
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Rating:42Neutral
Price Target:
AU$0.01
▲(10.00% Upside)
Action:Reiterated
Date:10/02/26
The score is weighed down primarily by weak financial performance—persistent losses, inconsistent revenue, and ongoing cash burn—only partially offset by a low-debt balance sheet. Technicals add further pressure given the price sits well below the 200-day average and momentum indicators remain soft. Valuation provides limited support because the negative P/E reflects unprofitability and there is no dividend yield.
Positive Factors
Low leverage
Minimal leverage reduces borrowing-related financial risk and avoids interest obligations that could further pressure an exploration company with ongoing losses. A debt-free position can preserve flexibility for project advancement, although it does not remove the need to fund continuing operations.
Negative Factors
Persistent operating losses
Large recurring operating losses show that the current business is not yet generating sustainable earnings from its resource activities. Continued losses reduce internal funding capacity, consume equity and make future project advancement more dependent on external capital or partnering.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
Minimal leverage reduces borrowing-related financial risk and avoids interest obligations that could further pressure an exploration company with ongoing losses. A debt-free position can preserve flexibility for project advancement, although it does not remove the need to fund continuing operations.
Read all positive factors
RareX Limited (REE) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$13.38M
Dividend YieldN/A
Average Volume (3M)1.96M
Price to Earnings (P/E)―
Beta (1Y)3.10
Revenue GrowthN/A
EPS Growth-9.30%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding1,216,550,400
10 Day Avg. Volume1,414,098
30 Day Avg. Volume1,964,545
Financial Highlights & Ratios
PEG Ratio-0.27
Price to Book (P/B)1.97
Price to Sales (P/S)0.00
P/FCF Ratio-2.88
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
RareX Limited Business Overview & Revenue Model
Company Description
Incorporated in 2003 and based in Subiaco, Australia, RareX Limited is an Australian company focused on the exploration and development of various mineral assets. The firm's primary prospecting efforts target deposits of rare earth elements, nicke...
How the Company Makes Money
null...
RareX Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
48
Neutral
Cash Flow
18
Very Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 1.01M | 43.33K | 0.00 | 2.00M |
| Gross Profit | -56.95K | -620.18K | -1.42M | -136.75K | -1.50M |
| EBITDA | -5.91M | -2.64M | -3.99M | -10.75M | -10.61M |
| Net Income | -5.07M | -3.50M | -3.28M | -9.32M | -11.23M |
Balance Sheet | |||||
| Total Assets | 7.39M | 4.48M | 5.48M | 7.66M | 11.83M |
| Cash, Cash Equivalents and Short-Term Investments | 4.04M | 1.75M | 1.94M | 4.31M | 8.23M |
| Total Debt | 0.00 | 8.64K | 9.43K | 240.12K | 323.13K |
| Total Liabilities | 785.05K | 700.81K | 1.01M | 2.14M | 2.26M |
| Stockholders Equity | 6.61M | 3.78M | 4.47M | 5.52M | 9.56M |
Cash Flow | |||||
| Free Cash Flow | -4.52M | -2.71M | -4.18M | -7.58M | -6.54M |
| Operating Cash Flow | -4.51M | -2.71M | -4.18M | -7.39M | -6.48M |
| Investing Cash Flow | 249.15K | 0.00 | -1.01K | -211.47K | -50.78K |
| Financing Cash Flow | 6.56M | 2.56M | 1.75M | 3.68M | 10.28M |
RareX Limited Technical Analysis
Neutral
0.01
Price Trends
<0.01
Positive
0.01
Negative
0.02
Negative
Market Momentum
>-0.01
Negative
41.76
Neutral
-33.33
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:REE, the sentiment is Neutral. The current price of 0.01 is above the 20-day moving average (MA) of <0.01, above the 50-day MA of <0.01, and below the 200-day MA of 0.02, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 41.76 is Neutral, neither overbought nor oversold. The STOCH value of -33.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:REE.
RareX 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% | |
46 Neutral | AU$16.27M | -2.08 | -3.88% | ― | ― | 61.90% | |
46 Neutral | AU$10.60M | -2.52 | -227.32% | ― | ― | 66.06% | |
42 Neutral | AU$13.38M | -2.89 | -83.24% | ― | ― | -9.30% | |
42 Neutral | AU$7.57M | -1.55 | -85.01% | ― | ― | -9.35% | |
40 Underperform | AU$18.04M | -2.12 | -26.48% | ― | ― | 79.00% |
* Basic Materials Sector Average
AU:REE
RareX Limited
0.01
-0.02
-63.33%
AU:GRE
Greentech Metals Ltd.
0.05
>-0.01
-11.11%
AU:GT1
Green Technology Metals Limited
0.01
-0.02
-56.67%
AU:HRE
Heavy Rare Earths Limited
0.04
>-0.01
-18.37%
AU:CMG
Critical Minerals Group Ltd.
0.06
-0.08
-57.14%
AU:AXL
Axel REE Ltd.
0.07
-0.01
-16.25%
RareX Limited Corporate Events
RareX details corporate structure in 2026 annual report
Sep 30, 2026
RareX Limited has released its 2026 annual report, outlining its corporate structure and governance framework, including details of its board of directors and company secretary. The report also confirms its ASX listing, principal place of business...
RareX uncovers broad copper zone at Niobe, expanding multi-commodity potential
Sep 20, 2026
RareX has reported the discovery of a 74-metre zone of anomalous copper sulphide mineralisation in drill hole KRC012 at the Niobe Prospect, with portable XRF readings indicating sustained copper enrichment and peaks above 0.5 per cent. The company...
RareX Clarifies Capital Structure After Lapse of Rights and Options
Sep 4, 2026
RareX Limited, listed on the ASX under the code REE, operates in the resources sector and is focused on the exploration and development of rare earth elements and related minerals. The company targets projects that supply critical materials for ad...
RareX Discloses Final Director Interest as Danny Goeman Departs Board
Sep 4, 2026
RareX Limited has notified the ASX that director Danny Goeman ceased to be a board member on 29 August 2026, triggering a final disclosure of his relevant interests in the company’s securities under listing rule 3.19A.3. The notice confirms ...
RareX Tightens Governance After Late Director Interest Disclosures
Sep 4, 2026
RareX Limited has disclosed that it lodged Appendices 3Y notices for Managing Director James Durrant and director Danny Goeman after the required ASX deadline, following the lapse of unvested performance rights and unlisted options earlier in 2026...
RareX Director Resigns but Stays on as Consultant
Aug 31, 2026
RareX Limited has announced the immediate resignation of Non-Executive Director Danny Goeman from its board, marking a change in the company’s governance structure. The board publicly acknowledged his leadership and contributions to RareX...
RareX Advances Cummins Range, Khaleesi and Mrima Hill in Push for Critical Minerals Growth
Jul 31, 2026
RareX reported significant progress across its critical minerals portfolio in the June quarter, including key de-risking milestones at the Cummins Range rare earths project in Western Australia. With a mining lease granted, heritage agreements sec...
RareX sharpens diversified critical minerals strategy as Cummins Range advances
Jul 22, 2026
RareX Limited is reinforcing a diversified critical minerals strategy as it enters FY2027, built around the advanced Cummins Range rare earth and phosphate asset, a growing exploration pipeline at Khaleesi and Piper, and potential acquisition of t...
RareX expands capital base with compliant share issue to support critical minerals projects
Jul 13, 2026
RareX Limited has issued 3,750,000 new ordinary shares, confirming to the market that the placement was conducted without a prospectus under the Corporations Act’s low-disclosure provisions and that it remains compliant with key reporting an...
RareX Seeks ASX Quotation for 3.75 Million New Shares Issued in Lieu of Cash Fee
Jul 13, 2026
RareX Limited has applied to the ASX for quotation of 3,750,000 ordinary fully paid shares to be issued on July 13, 2026. The shares are being issued in lieu of a cash fee, underscoring the company’s use of equity-based arrangements to settl...
RareX Metallurgy Boosts Cummins Range Rare Earths and Gallium Potential
Jul 12, 2026
RareX has reported its strongest metallurgical results to date from the Cummins Range project, with SGS Lakefield flotation testwork delivering a 9.5-times upgrade to a 25.15% total rare earth oxide grade from high-grade feed. The rougher concentr...
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.