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VRX Silica Ltd.
(Sydney:VRX)
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Rating:47Neutral
Price Target:
AU$0.04
â–¼(-5.00% Downside)
Action:Reiterated
Date:09/25/26
The score is primarily held back by weak financial performance—unstable/limited revenue, ongoing losses, and sustained cash burn—despite a low-debt balance sheet. Technicals also remain soft with the stock below long-term moving averages and slightly negative MACD. Valuation offers limited support because profitability is negative and no dividend yield is provided.
Positive Factors
Low Leverage
Very low leverage limits balance-sheet financial risk and preserves flexibility while VRX advances its projects. The sizable, relatively stable equity base also provides a cushion for investment needs, although it has not yet translated into positive returns.
Negative Factors
Minimal and Volatile Revenue
Minimal and unstable revenue indicates that VRX has not yet achieved meaningful operating scale. The drop to zero in 2026 underscores the absence of a dependable commercial revenue base, leaving future development progress critical to establishing recurring sales.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Very low leverage limits balance-sheet financial risk and preserves flexibility while VRX advances its projects. The sizable, relatively stable equity base also provides a cushion for investment needs, although it has not yet translated into positive returns.
Read all positive factors
VRX Silica Ltd. (VRX) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$38.39M
Dividend YieldN/A
Average Volume (3M)256.87K
Price to Earnings (P/E)―
Beta (1Y)0.81
Revenue GrowthN/A
EPS Growth-20.45%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding984,307,500
10 Day Avg. Volume246,554
30 Day Avg. Volume256,873
Financial Highlights & Ratios
PEG Ratio-0.23
Price to Book (P/B)1.28
Price to Sales (P/S)0.00
P/FCF Ratio-7.68
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, along with its affiliated entities, is primarily engaged in the discovery, assessment, and advancement of mineral resources throughout Australia, with a specific focus on silica. The company possesses complete ownership of key ...
How the Company Makes Money
VRX’s intended revenue model is to generate income from the sale of silica sand products produced from its mineral sand projects once they are developed and operating. In practice, this typically involves: (1) developing and operating mining and p...
VRX Silica Ltd. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
24
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 102.41K | 31.51K | 113.48K | 56.90K |
| Gross Profit | -115.82K | 102.41K | -116.44K | 4.53K | -27.63K |
| EBITDA | -4.20M | -2.83M | -3.83M | -4.93M | -4.94M |
| Net Income | -4.27M | -3.06M | -4.26M | -5.06M | -5.03M |
Balance Sheet | |||||
| Total Assets | 21.90M | 20.65M | 19.17M | 18.56M | 22.91M |
| Cash, Cash Equivalents and Short-Term Investments | 4.12M | 4.10M | 2.31M | 1.58M | 9.31M |
| Total Debt | 148.16K | 247.46K | 337.22K | 418.16K | 188.19K |
| Total Liabilities | 947.41K | 698.85K | 1.10M | 1.02M | 1.52M |
| Stockholders Equity | 20.96M | 19.95M | 18.07M | 17.54M | 21.39M |
Cash Flow | |||||
| Free Cash Flow | -3.49M | -2.88M | -4.85M | -7.77M | -5.51M |
| Operating Cash Flow | -3.49M | -2.86M | -3.56M | -2.93M | -1.94M |
| Investing Cash Flow | -977.03K | 44.27K | -406.60K | -4.72M | -3.56M |
| Financing Cash Flow | 4.49M | 4.60M | 4.70M | -72.99K | 4.37M |
VRX Silica Ltd. Technical Analysis
Negative
0.04
Price Trends
0.04
Negative
0.04
Negative
0.05
Negative
Market Momentum
>-0.01
Negative
37.57
Neutral
100.00
Negative
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 0.04 is above 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 neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 37.57 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, 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% | |
47 Neutral | AU$38.39M | -7.36 | -20.81% | ― | ― | -20.45% | |
46 Neutral | AU$16.63M | -1.49 | -10.16% | ― | ― | 78.00% | |
44 Neutral | AU$8.17M | -2.38 | -38.97% | ― | ― | 80.00% | |
42 Neutral | AU$13.38M | -0.16 | -943.96% | 12.16% | 397.37% | -578.07% | |
41 Neutral | AU$16.27M | -12.20 | -20.00% | ― | ― | 72.94% |
* Basic Materials Sector Average
AU:VRX
VRX Silica Ltd.
0.04
-0.08
-66.67%
AU:SFX
Sheffield Resources Limited
0.04
-0.10
-70.00%
AU:IMA
Image Resources NL
0.01
-0.06
-82.35%
AU:EV1
Evolution Energy Minerals Limited
0.01
>-0.01
-33.33%
AU:IND
Industrial Minerals Limited
0.10
-0.07
-39.39%
VRX Silica Ltd. Corporate Events
VRX Silica Details Board Changes and Governance Framework in 2026 Annual Report
Sep 24, 2026
VRX Silica Limited reported its corporate details for the year ended 30 June 2026, highlighting a transition in leadership with former managing director Bruce Maluish stepping down and continuing as a non-executive director under interim chairman ...
VRX Silica files ASX governance statement and Appendix 4G for FY26
Sep 24, 2026
VRX Silica Ltd has lodged its corporate governance statement for the financial year ended 30 June 2026 with the ASX, confirming that the document is current as at that date and approved by the board. The statement is made available via the company...
VRX Silica Sets AGM Date and Opens Director Nominations
Sep 11, 2026
VRX Silica Ltd., a Western Australia‑based silica resources company, focuses on developing and supplying high‑purity silica products for industrial and manufacturing applications. The business operates within the regional mining and mi...
VRX Silica Reaffirms Resource Estimates and Feasibility Assumptions
Aug 25, 2026
VRX Silica has reiterated the resource and reserve estimates for its key Western Australian silica sand projects, confirming that previous technical data and assumptions remain materially unchanged. The company also maintains that the material ass...
VRX Silica issues extensive unquoted options and performance rights for staff incentives
Aug 17, 2026
VRX Silica Ltd has issued a series of unquoted equity securities under its employee incentive arrangements, including 4 million unlisted options at $0.15 expiring in June 2029 and multiple tranches of long-term incentive options and performance ri...
VRX Silica Moves to Digital Notices for September Shareholder Meeting
Aug 6, 2026
VRX Silica Ltd. has called a General Meeting of shareholders to be held in person at its Subiaco, Western Australia offices on 10 September 2026 at 3:00pm, outlining formal business to be considered by investors. The company has also clarified tha...
VRX Silica boosts Arrowsmith North economics and secures key approvals
Jul 29, 2026
VRX Silica has updated the Bankable Feasibility Study for its Arrowsmith North silica sand project, confirming a post-tax ungeared NPV8 of $179.2 million over a 25-year mine life and a payback period of about 4.6 years. The project targets long-te...
VRX Silica Plans Major Share and Option Placement on ASX
Jul 14, 2026
VRX Silica Limited has announced a proposed securities placement on the ASX, outlining plans to issue up to 133,762,940 ordinary fully paid shares and 66,881,470 options expiring on 30 June 2028. The new securities are scheduled for issue on 17 Ju...
VRX Silica raises $4.5m from Nebari and Delphi to advance WA silica projects
Jul 14, 2026
VRX Silica has secured binding commitments for a $4.5 million equity raising from US mine finance fund Nebari and German investment group Delphi, both major institutional investors in the resources sector. The placement, which will see Nebari emer...
VRX Silica Discloses Board Departure and Details Director’s Equity Interests
Jul 1, 2026
VRX Silica Limited has disclosed that director Paul Boyatzis ceased serving on the company’s board effective 30 June 2026, in line with its obligations under ASX listing rules and the Corporations Act. The filing details Boyatzis’s ind...
Concentrated Option Holdings Highlight Key Stakeholder Influence at VRX Silica
Jun 29, 2026
VRX Silica Ltd. has disclosed the composition of its top 20 holders of options expiring on 30 June 2028 with an exercise price of $0.10, showing a relatively concentrated register. These investors collectively hold 23,936,763 options, representing...
VRX Silica Reveals Concentrated Ownership in Options Register
Jun 29, 2026
VRX Silica has detailed the distribution of its options on issue, showing 459 holders collectively owning 44,342,205 units, with the largest parcels concentrated among 82 holders who control more than 80% of the issued capital. The company also hi...
VRX Silica Seeks ASX Quotation for New Options Class
Jun 29, 2026
VRX Silica Ltd has applied for quotation on the ASX of a new class of options, with 44,342,205 securities to be listed. These options are exercisable at $0.10 and will expire on 30 June 2028, expanding the company’s portfolio of listed secur...
VRX Silica director boosts stake through rights issue participation
Jun 29, 2026
VRX Silica director Paul Boyatzis, through his indirect holding via Lesuer Pty Ltd , has increased his stake in the company by participating in a rights issue. The transaction added 600,000 ordinary shares at $0.04 per share and 300,000 options ex...
VRX Silica Issues 8.6 Million Unquoted Options Expiring 2028
Jun 25, 2026
VRX Silica Ltd has notified the market of the issue of 8,582,353 unquoted options, designated VRXAAA, expiring on 30 June 2028. These options form part of a previously announced transaction and are not intended to be quoted on the ASX, reflecting ...
VRX Silica issues 35.8 million unquoted options expiring 2028
Jun 25, 2026
VRX Silica Ltd has notified the market of the issue of 35,759,852 unquoted options, designated VRXAAA and expiring on 30 June 2028. The options, which are not intended to be quoted on the ASX, form part of previously announced transactions and rep...
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.