VRX Silica Ltd. (AU:VRX)
ASX:VRX
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VRX Silica Ltd.
(Sydney:VRX)
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Rating:44Neutral
Price Target:
AU$0.04
▼(-37.14% Downside)
Action:Reiterated
Date:06/01/26
The score is constrained primarily by weak profitability and negative operating/free cash flows despite strong revenue growth. Technicals remain bearish with the stock trading below major moving averages, and valuation signals are limited because earnings are negative and no dividend yield is provided.
Positive Factors
Revenue Growth
Sustained 240% revenue growth indicates the company is scaling product sales and winning market traction in its target end-markets. Over 2–6 months this growth supports operating leverage potential and provides a base to improve margins if cost control and cash conversion follow.
Negative Factors
Negative Cash Flow
Negative operating and free cash flows erode the company's ability to self-fund mine development and working capital needs. Persisting deficits over months raise reliance on external financing, increasing dilution or debt risk and constraining timely project execution.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained 240% revenue growth indicates the company is scaling product sales and winning market traction in its target end-markets. Over 2–6 months this growth supports operating leverage potential and provides a base to improve margins if cost control and cash conversion follow.
Read all positive factors
VRX Silica Ltd. (VRX) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$39.26M
Dividend YieldN/A
Average Volume (3M)395.06K
Price to Earnings (P/E)―
Beta (1Y)0.35
Revenue GrowthN/A
EPS Growth27.87%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding934,829,900
10 Day Avg. Volume562,229
30 Day Avg. Volume395,060
Financial Highlights & Ratios
PEG Ratio0.48
Price to Book (P/B)2.93
Price to Sales (P/S)570.52
P/FCF Ratio-20.26
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
VRX Silica Ltd. Business Overview & Revenue Model
Company Description
VRX Silica Limited, together with its subsidiaries, engages in the exploration, evaluation, and development of mineral properties in Australia. The company explores for silica. It owns 100% interests in the Arrowsmith and the Muchea silica sand pr...
How the Company Makes Money
VRX’s intended revenue model is to generate income by developing silica sand deposits into operating mines and selling processed silica sand to customers (typically under offtake contracts) for use in glass and other industrial markets. In practic...
VRX Silica Ltd. Financial Statement Overview
Summary
Income Statement
40
Negative
Balance Sheet
55
Neutral
Cash Flow
35
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 83.25K | 102.41K | 31.51K | 113.48K | 56.90K | 1.36M |
| Gross Profit | 25.16K | 102.41K | -116.44K | 4.53K | -27.63K | 1.29M |
| EBITDA | -3.43M | -2.83M | -3.83M | -4.93M | -4.94M | -1.02M |
| Net Income | -3.42M | -3.06M | -4.26M | -5.06M | -5.03M | -1.09M |
Balance Sheet | ||||||
| Total Assets | 20.89M | 20.65M | 19.17M | 18.56M | 22.91M | 20.88M |
| Cash, Cash Equivalents and Short-Term Investments | 3.85M | 4.10M | 2.31M | 1.58M | 9.31M | 10.44M |
| Total Debt | 199.18K | 247.46K | 337.22K | 418.16K | 188.19K | 255.24K |
| Total Liabilities | 761.02K | 698.85K | 1.10M | 1.02M | 1.52M | 829.09K |
| Stockholders Equity | 20.13M | 19.95M | 18.07M | 17.54M | 21.39M | 20.05M |
Cash Flow | ||||||
| Free Cash Flow | -3.18M | -2.88M | -4.85M | -7.77M | -5.51M | -3.04M |
| Operating Cash Flow | -3.13M | -2.86M | -3.56M | -2.93M | -1.94M | -1.51M |
| Investing Cash Flow | -371.49K | 44.27K | -406.60K | -4.72M | -3.56M | -1.53M |
| Financing Cash Flow | 2.00M | 4.60M | 4.70M | -72.99K | 4.37M | 10.88M |
VRX Silica Ltd. Technical Analysis
Negative
0.07
Price Trends
0.05
Negative
0.06
Negative
0.08
Negative
Market Momentum
>-0.01
Positive
37.57
Neutral
36.78
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:VRX, the sentiment is Negative. The current price of 0.07 is above the 20-day moving average (MA) of 0.05, above the 50-day MA of 0.05, and below the 200-day MA of 0.08, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 37.57 is Neutral, neither overbought nor oversold. The STOCH value of 36.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:VRX.
VRX Silica Ltd. 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% | |
49 Neutral | AU$80.13M | -210.28 | -0.41% | ― | ― | ― | |
46 Neutral | AU$51.55M | -17.00 | -4.25% | ― | ― | ― | |
44 Neutral | AU$39.26M | -9.34 | -17.07% | ― | ― | 27.87% | |
43 Neutral | AU$55.07M | 1.01 | 142.67% | ― | ― | ― | |
42 Neutral | AU$93.50M | -2.57 | -471.46% | ― | ― | -614.45% |
* Basic Materials Sector Average
AU:VRX
VRX Silica Ltd.
0.04
-0.02
-36.36%
AU:DRX
Diatreme Resources Limited
0.02
>-0.01
-15.79%
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Mithril Resources Ltd
0.28
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-47.12%
AU:ARN
Aldoro Resources Ltd.
0.40
0.10
31.67%
AU:CZR
CZR Resources Ltd
0.23
>-0.01
-4.17%
VRX Silica Ltd. Corporate Events
VRX Silica Begins Trading of Rights for Renounceable Issue
May 31, 2026
VRX Silica has commenced trading of rights under the ASX code VRXR for its previously announced renounceable rights issue, allowing eligible shareholders to trade their entitlements on market from today until 12 June 2026. The rights structure giv...
VRX Silica Plans Issue of 10 Million Options in New Capital Move
May 26, 2026
VRX Silica Limited has notified the ASX of a proposed issue of up to 10 million new options as part of a placement or similar capital-raising structure. The options will have an exercise price of A$0.10 and are scheduled to expire on 30 June 2028,...
VRX Silica launches discounted rights issue to fund key silica sand project works
May 26, 2026
VRX Silica has launched a 1-for-5 renounceable rights issue at $0.04 per share to raise up to $6.2 million, offering a significant discount to recent trading prices and one free option for every two new shares, exercisable at $0.10 by June 2028. T...
VRX Silica’s Updated Arrowsmith North Study Confirms Strong Economics and Long Mine Life
May 26, 2026
VRX Silica has released a further updated Bankable Feasibility Study for its Arrowsmith North silica sand project in Western Australia, confirming strong economic fundamentals for a 25-year mine plan underpinned by a Proved and Probable Ore Reserv...
VRX Silica raises $50,000 through director share issue
May 8, 2026
VRX Silica Ltd. has issued and allotted 694,444 fully paid ordinary shares at $0.072 per share, raising $50,000 before costs in a placement to a company director that was approved by shareholders. The new shares are of an existing quoted class, an...
VRX Silica director boosts indirect stake via shareholder-approved placement
May 5, 2026
VRX Silica has disclosed a change in the securities holdings of managing director Bruce Maluish, detailing an increase in his indirect shareholding. The update was provided to comply with ASX listing rules governing directors’ notifiable int...
VRX Silica Seeks ASX Quotation for 694,444 New Shares
May 5, 2026
VRX Silica Ltd has applied for quotation on the ASX of 694,444 new fully paid ordinary shares, which were issued on 4 May 2026. The application formalises the admission of these securities to trading and marginally expands the company’s list...
VRX Silica shareholders back placement share resolutions at general meeting
Apr 30, 2026
VRX Silica Ltd. reported the outcomes of its general meeting held on 30 April 2026, where shareholders voted on key ordinary resolutions related to prior and new share placements. The company disclosed poll and proxy results indicating strong supp...
VRX Silica Sets April 2026 General Meeting for Shareholders
Mar 30, 2026
VRX Silica Ltd. has called a general meeting of shareholders to be held on Thursday, 30 April 2026, at 11:00am WST at its offices at Suite 9, 110 Hay Street, Subiaco, Western Australia. The notice urges shareholders to read the meeting materials i...
VRX Silica Sets April 30 In‑Person General Meeting With Digital Notice
Mar 30, 2026
VRX Silica has called a general meeting of shareholders to be held in person in Subiaco, Western Australia, on 30 April 2026 at 11:00am AWST. The company is encouraging participation while providing full details of voting procedures, particularly ...
VRX Silica issues 9.7 million unlisted staff incentive options
Mar 17, 2026
VRX Silica Ltd., an ASX-listed company focused on silica-related operations, continues to employ equity-based incentives to align staff interests with shareholders. The group regularly issues unquoted options and other securities under its employe...
VRX Silica Releases Interim Half-Year Financial Report for 2025
Mar 11, 2026
VRX Silica Limited has released its interim financial report for the half-year ended 31 December 2025, supported by its established corporate governance and administrative framework. The report highlights the company’s ongoing compliance and...
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.