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Viridis Mining and Minerals Limited
(Sydney:VMM)
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Rating:53Neutral
Price Target:
AU$3.50
â–Ľ(-14.84% Downside)
Action:Reiterated
Date:10/08/26
The score is held back primarily by weak financial performance (ongoing losses and cash burn with limited revenue traction) and limited valuation support due to a negative P/E. Offsetting this, technical indicators show a constructive trend with price above key moving averages and neutral-to-positive momentum.
Positive Factors
Very Low Leverage
Minimal borrowing materially reduces balance-sheet financial risk and limits the burden of interest or refinancing obligations. This gives Viridis greater flexibility to pursue exploration and project development, although it does not eliminate the need to fund ongoing cash losses.
Negative Factors
Minimal Revenue Traction
The absence of meaningful recurring revenue shows that Viridis has not yet demonstrated commercial traction from its mineral activities. Until projects progress into revenue-generating operations, financial performance remains dependent on exploration outcomes and access to additional funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Very Low Leverage
Minimal borrowing materially reduces balance-sheet financial risk and limits the burden of interest or refinancing obligations. This gives Viridis greater flexibility to pursue exploration and project development, although it does not eliminate the need to fund ongoing cash losses.
Read all positive factors
Viridis Mining and Minerals Limited (VMM) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$629.91M
Dividend YieldN/A
Average Volume (3M)928.21K
Price to Earnings (P/E)―
Beta (1Y)2.19
Revenue GrowthN/A
EPS Growth-63.28%
CountryAU
Employees1
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.06
Shares Outstanding161,102,870
10 Day Avg. Volume935,464
30 Day Avg. Volume928,212
Financial Highlights & Ratios
PEG Ratio-0.75
Price to Book (P/B)5.29
Price to Sales (P/S)0.00
P/FCF Ratio-52.92
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$6.35Price Target Upside54.50% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)-0.03
Revenue Forecast (FY)N/A
Viridis Mining and Minerals Limited Business Overview & Revenue Model
Company Description
Viridis Mining and Minerals Limited, founded in Perth, Australia, in 2006, is a resource company dedicated to identifying, acquiring, and advancing mineral assets across Canada and Australia. The firm primarily seeks deposits of gold, nickel, copp...
Viridis Mining and Minerals Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
68
Positive
Cash Flow
24
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 40.61K | 0.00 | 0.00 |
| Gross Profit | -128.04K | -80.93K | 40.61K | -53.03K | -2.99K |
| EBITDA | -7.23M | -2.87M | -6.62M | -755.50K | -1.35M |
| Net Income | -6.94M | -2.66M | -8.31M | -814.23K | -1.35M |
Balance Sheet | |||||
| Total Assets | 78.80M | 29.44M | 21.68M | 4.66M | 4.70M |
| Cash, Cash Equivalents and Short-Term Investments | 20.49M | 1.15M | 5.23M | 1.24M | 3.92M |
| Total Debt | 210.69K | 180.12K | 294.00K | 128.22K | 10.27K |
| Total Liabilities | 5.15M | 937.46K | 979.62K | 815.89K | 93.57K |
| Stockholders Equity | 73.65M | 28.51M | 20.70M | 3.84M | 4.60M |
Cash Flow | |||||
| Free Cash Flow | -7.36M | -11.32M | -12.88M | -2.53M | -1.05M |
| Operating Cash Flow | -950.20K | -1.99M | -1.83M | -687.70K | -725.46K |
| Investing Cash Flow | -22.70M | -9.33M | -11.04M | -1.86M | -319.88K |
| Financing Cash Flow | 43.17M | 7.42M | 17.06M | -77.17K | 4.70M |
Viridis Mining and Minerals Limited Technical Analysis
Positive
4.11
Price Trends
3.61
Positive
3.62
Positive
3.01
Positive
Market Momentum
0.03
Negative
59.83
Neutral
86.27
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:VMM, the sentiment is Positive. The current price of 4.11 is above the 20-day moving average (MA) of 3.55, above the 50-day MA of 3.61, and above the 200-day MA of 3.01, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 59.83 is Neutral, neither overbought nor oversold. The STOCH value of 86.27 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:VMM.
Viridis Mining and Minerals 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$629.91M | -59.81 | -11.66% | ― | ― | -63.28% | |
45 Neutral | AU$91.22M | -23.05 | -1.35% | 2.68% | -52.34% | -169.14% | |
44 Neutral | AU$65.61M | -0.95 | -37.07% | 4.83% | -21.07% | -150.50% | |
44 Neutral | AU$251.47M | -0.27 | -135.56% | 2.97% | -7.35% | -115.78% | |
42 Neutral | AU$37.76M | -2.36 | 46.39% | ― | 4.45% | -47.57% | |
41 Neutral | AU$186.33M | -23.81 | 367.01% | ― | ― | 90.79% |
* Basic Materials Sector Average
AU:VMM
Viridis Mining and Minerals Limited
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2.57
191.79%
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Viridis Mining and Minerals Limited Corporate Events
Viridis Mining Plans Issue of 3.45 Million Performance Rights
Oct 9, 2026
Viridis Mining and Minerals Limited has notified the ASX of a proposed issue of up to 3,450,000 performance rights under security code VMMAF. The securities are to be issued as part of a placement or similar structure, with a proposed issue date o...
Viridis Mining Sets November Date for Digitally Driven AGM
Oct 5, 2026
Viridis Mining and Minerals Limited has scheduled its 2026 Annual General Meeting for 10:00 a.m. AWST on Wednesday, 4 November 2026 at the Boorloo Room, 108 St Georges Terrace, Perth. The company is encouraging shareholders to participate by lodgi...
Viridis Files 2026 Corporate Governance Statement and Appendix 4G
Sep 28, 2026
Viridis Mining and Minerals has lodged its Corporate Governance Statement for the year ended 30 June 2026, confirming it is available via the company’s investor website rather than within the annual report. The statement, approved by the boa...
Viridis Outlines Compliance With ASX Corporate Governance Principles
Sep 28, 2026
Viridis Mining and Minerals Limited has released an updated Corporate Governance Statement as of 28 September 2026, outlining its adherence to the ASX Corporate Governance Council’s fourth edition principles. The document details the company...
Viridis Pushes Ahead With Equity-Funded Colossus Rare Earth Project
Sep 24, 2026
Viridis Mining and Minerals Limited has confirmed that its Colossus Rare Earth Project is now equity funded and that execution activities have commenced, signalling a transition from planning to operational delivery. The project was highlighted at...
Viridis Sets AGM Date and Director Nomination Deadline for 2026
Sep 16, 2026
Viridis Mining and Minerals Limited has scheduled its 2026 Annual General Meeting for 4 November 2026, with detailed meeting materials to be released to shareholders in early October and made available via the ASX platform and the company’s ...
Viridis Mobilises Sedgman–Blossom EPCM Team to Fast-Track Colossus Rare Earth Project
Sep 10, 2026
Viridis Mining and Minerals has appointed Sedgman and Brazilian partner Blossom as its preferred engineering, procurement and construction management contractor for the Colossus Rare Earth Project in Brazil. The joint delivery model blends Sedgman...
S&P Dow Jones Indices Sets September Rebalance for S&P/ASX Benchmarks
Sep 4, 2026
SP Dow Jones Indices has announced the September 2026 quarterly rebalance of the SP/ASX index family, affecting the SP/ASX 50, 100, 200 and 300, while leaving the SP/ASX 20 unchanged. The review reshapes benchmark composition across large-, mid- a...
Viridis Mining Issues New Shares Under ASX Cleansing Notice
Aug 31, 2026
Viridis Mining and Minerals Limited is an ASX-listed resources company focused on mining and mineral exploration activities in Australia. The company’s ordinary shares are quoted on the Australian Securities Exchange, providing investors exp...
Viridis Mining and Minerals Issues New Shares Under Cleansing Notice
Aug 28, 2026
Viridis Mining and Minerals has issued 14,927,991 fully paid ordinary shares as part of a placement previously announced, expanding its quoted securities on the Australian Securities Exchange. The company has confirmed that the shares were issued ...
Viridis Mining and Minerals Expands ASX-Quoted Share Base
Aug 28, 2026
Viridis Mining and Minerals Limited has applied for quotation of 1,847,339 ordinary fully paid shares on the Australian Securities Exchange, with the new securities to be issued and quoted as of August 28, 2026. The additional share quotation expa...
Viridis Shares Resume Trading After Definitive Feasibility Study Results
Aug 20, 2026
Trading in Viridis Mining and Minerals Limited securities has been reinstated on the ASX following the company’s release of material results from its Definitive Feasibility Study. The lifting of the suspension signals that Viridis has provid...
Viridis to Detail Colossus DFS in Investor Webinar
Aug 20, 2026
Viridis Mining and Minerals Limited will host an investor webinar to present the Definitive Feasibility Study results for its Colossus Rare Earth Element Project, following the completion of the study that builds on the prior Pre-Feasibility work....
Viridis Mining Plans New Share Placement to Boost Capital
Aug 20, 2026
Viridis Mining and Minerals Limited has notified the ASX of a proposed placement of up to 2,080,125 ordinary fully paid shares. The new securities are scheduled for issue on 28 August 2026, under standard ASX listing rule arrangements for quoted s...
Viridis Mining and Minerals Plans Share Placement on ASX
Aug 20, 2026
Viridis Mining and Minerals Limited has notified the ASX of a proposed placement of up to 12,099,564 ordinary fully paid shares. The new securities, to be issued on 19 October 2026, represent an additional capital raising that may support the comp...
Viridis Mining and Minerals Plans ASX Share Placement to Raise Capital
Aug 20, 2026
Viridis Mining and Minerals Limited has announced a proposed placement of up to 31,105,735 ordinary fully paid shares on the ASX. The issue is scheduled for 28 August 2026 and will be conducted under ASX Appendix 3B rules.The capital raising throu...
Viridis Mining and Minerals Seeks Voluntary Suspension Ahead of Feasibility Results
Aug 17, 2026
Viridis Mining and Minerals Limited has requested a voluntary suspension of trading in its shares on the ASX under Listing Rule 17.2, effective immediately. The company said the suspension is needed while it prepares to release material results fr...
Viridis Demo Plant Outperforms PFS as Colossus Rare Earths Move Toward DFS
Aug 7, 2026
Viridis Mining and Minerals has reported that its Colossus Project demonstration plant in Brazil is now in steady-state, continuous 24-hour production of mixed rare earth carbonate, with metallurgical recoveries for magnetic rare earth oxides aver...
Viridis fast-tracks Colossus rare earth project toward key investment decision
Jul 23, 2026
Viridis Mining and Minerals advanced its Colossus rare earth project by submitting an Installation Licence application in Minas Gerais and producing its first mixed rare earth carbonate from a large semi-industrial demonstration plant in Poço...
Viridis Demo Plant Beats Recovery Targets, De-Risks Colossus Rare Earths Project
Jul 22, 2026
Viridis reported that its Colossus demonstration plant has achieved steady-state, continuous production of Mixed Rare Earth Carbonate, with July recoveries for magnetic rare earth oxides averaging 79% and total rare earth oxides 64%. These results...
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.