Reward Minerals Limited (RWD) AI Stock Analysis

• Market Cap: AU$12.25M
• Dividend Yield: N/A
• Average Volume (3M): 70.87K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.26
• Revenue Growth: N/A
• EPS Growth: 93.44%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 272,219,570
• 10 Day Avg. Volume: 48,290
• 30 Day Avg. Volume: 70,869
• PEG Ratio: 0.00
• Price to Book (P/B): -10.75
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -3.09
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 44 Neutral
• Price Target: AU$0.00 ▼(-100.00% Downside)

The overall stock score for Reward Minerals Limited is primarily driven by significant financial challenges, including declining revenues, high leverage, and negative equity. While there is some short-term bullish momentum in technical analysis, the negative P/E ratio and lack of dividend yield further weigh down the score. The absence of earnings call data and corporate events means these factors do not influence the score.

Reward Minerals Limited Business Overview & Revenue Model

Company Description

Reward Minerals Ltd engages in the exploration and development of mineral properties in Australia. Its flagship project is its 100% owned Lake Disappointment sulphate of Potash Project that includes approximately 5,000 square kilometers of granted tenements located in the Little Sandy Desert, Western Australia. Reward Minerals Ltd is headquartered in Nedlands, Australia.

How the Company Makes Money

Reward Minerals Limited generates revenue through the exploration and potential development of its mineral projects, particularly through the extraction and sale of potassium and lithium products. The company seeks to monetize its resources by either establishing direct sales agreements with agricultural or industrial clients or through partnerships with larger mining companies that have the capacity to bring the resources to market. The revenue model may also include securing joint ventures or off-take agreements, which can provide upfront funding and shared risk in exchange for guaranteed product supply. Additionally, successful exploration results can enhance the company's valuation and attract investment, further contributing to its earnings potential.

Reward Minerals Limited Financial Statement Overview

Summary

Reward Minerals Limited is facing significant financial challenges. The income statement shows declining revenues and persistent losses, while the balance sheet reflects high leverage and negative equity. Although there is some positive cash flow growth, the underlying operational inefficiencies and financial instability pose substantial risks to the company's financial health.

Income Statement

Reward Minerals Limited has experienced significant revenue decline, with a negative revenue growth rate of -69.66% in the latest year. The company is facing severe profitability challenges, as indicated by negative margins across the board, including a net profit margin of 0.0% and an EBIT margin of 0.0%. These figures suggest a struggling income statement with no immediate signs of recovery.

Balance Sheet

The balance sheet shows a concerning debt-to-equity ratio of -5.09, indicating high leverage and negative equity. Return on equity is positive at 18.24%, but this is due to negative equity, which is not a sustainable situation. The equity ratio is also negative, reflecting financial instability and potential risks.

Cash Flow

Cash flow analysis reveals a positive free cash flow growth rate of 61.08%, but this is overshadowed by negative operating cash flow and a high free cash flow to net income ratio of 4.55. The company is generating cash flow, but the negative operating cash flow coverage ratio indicates operational inefficiencies.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	34.24K	10.66K	24.08K	5.51K	426.00	3.93K
Gross Profit	3.81K	-143.00K	-132.00K	5.51K	426.00	-118.68K
EBITDA	-1.19M	-23.50M	-22.41M	-3.60M	-714.30K	-168.00K
Net Income	-1.86M	-23.68M	-22.67M	-3.91M	-636.00K	-240.00K
Balance Sheet
Total Assets	4.98M	5.73M	24.46M	44.47M	47.52M	46.89M
Cash, Cash Equivalents and Short-Term Investments	1.74M	2.21M	1.07M	1.70M	3.16M	4.65M
Total Debt	6.95M	6.60M	3.41M	3.28M	2.68M	1.64M
Total Liabilities	7.59M	7.03M	4.33M	4.11M	3.48M	2.42M
Stockholders Equity	-2.61M	-1.30M	20.13M	40.36M	44.04M	44.47M
Cash Flow
Free Cash Flow	-3.37M	-4.52M	-2.99M	-2.08M	-2.59M	-2.04M
Operating Cash Flow	-947.33K	-994.17K	-1.62M	-456.14K	-80.58K	229.29K
Investing Cash Flow	-2.51M	-3.30M	-1.37M	-1.50M	-2.51M	-2.27M
Financing Cash Flow	4.78M	5.44M	2.35M	498.75K	1.10M	5.05M

Reward Minerals Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.04
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:RWD, the sentiment is Negative. The current price of 0.04 is below the 20-day moving average (MA) of 0.04, below the 50-day MA of 0.04, and below the 200-day MA of 0.05, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 44.98 is Neutral, neither overbought nor oversold. The STOCH value of -4.76 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:RWD.

Reward Minerals Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
VML	46 Neutral	AU$51.27M	25.00	-5.81%	―	-67.81%	-244.10%
RWD	44 Neutral	AU$12.25M	―	―	―	―	93.44%
LML	39 Underperform	AU$20.62M	―	-31.20%	―	―	26.67%
AR3	35 Underperform	AU$69.55M	―	-15.50%	―	―	3.79%

Reward Minerals Limited Corporate Events

Reward Minerals Director Increases Shareholding

Reward Minerals Limited announced a change in the director’s interest in securities, with Michael Ruane acquiring an additional 90,000 fully paid ordinary shares through on-market trades. This change reflects a slight increase in direct shareholding, potentially indicating confidence in the company’s future performance and stability, which may reassure stakeholders about the company’s strategic direction.

Reward Minerals Announces Cessation of Securities

Reward Minerals Limited announced the cessation of certain securities, specifically options that expired without exercise or conversion. This development may impact the company’s capital structure and could influence investor perceptions regarding the company’s financial strategies and future funding options.

Reward Minerals Limited Releases Interim Financial Report for H1 2025

Reward Minerals Limited has released its interim financial report for the half-year ended June 30, 2025. The report provides insights into the company’s financial performance, including statements of profit or loss, financial position, changes in equity, and cash flows. This release is crucial for stakeholders to assess the company’s financial health and operational efficiency during the period.

Reward Minerals Director Increases Shareholding

Reward Minerals Limited announced a change in the director’s interest, with Michael Ruane acquiring an additional 20,000 fully paid ordinary shares through on-market trades. This change reflects a minor adjustment in the director’s holdings, indicating ongoing confidence in the company’s prospects and potentially impacting stakeholder perceptions positively.

Reward Minerals Ltd Announces Director’s Securities Acquisition

Reward Minerals Ltd announced a change in the director’s interest in securities, specifically involving Michael Ruane. The change involved the acquisition of 150,000 fully paid ordinary shares through on-market trades, increasing the total number of shares held to 107,583,571. This transaction occurred during a closed period with prior written clearance, indicating compliance with regulatory requirements and maintaining transparency with stakeholders.

Reward Minerals Director Increases Stake with New Share Acquisition

Reward Minerals Ltd has announced a change in the director’s interest, with Michael Ruane acquiring an additional 450,000 shares through on-market trades. This acquisition increases the total number of fully paid ordinary shares held by the director and associated entities to 107,433,571, reflecting a strategic move to consolidate ownership and potentially enhance shareholder value.

Reward Minerals Pursues Strategic Partnerships and Expands Gold Projects

Reward Minerals Limited is actively engaging with strategic investors and exploring joint ventures in the solar salt industry, aiming to leverage its potash processing technology and plant. The company is optimistic about the long-term demand for SOP and is advancing its Kalgoorlie gold projects to enhance shareholder value. Additionally, Reward Minerals is managing the Beyondie Potash Plant, which offers opportunities for cost-effective feasibility studies and potential joint ventures.

Reward Minerals Announces Director’s Shareholding Update

Reward Minerals Limited has announced a change in the director’s interest, specifically regarding Michael Ruane’s holdings in the company. The change involved an acquisition of 80,765 shares through an on-market trade, increasing the total number of fully paid ordinary shares held by Ruane to 106,983,571. This adjustment in shareholding, although minor, reflects ongoing strategic interests and potential confidence in the company’s future prospects.