Minrex Resources Share Price and Company Fundamentals
Last traded: Last Friday at 5:56 AM
MinRex Resources Limited engages in the exploration and development of mineral properties. It focuses on the exploration of gold, silver, copper, and other base metal projects in New South Wales (NSW) and Western Australia. The company holds 70% interests in the Marble Bar North, Marble Bar South, Daltons, and Bamboo Creek gold projects in the East Pilbara region of Western Australia; and 100% interests in the Deflector Extended Gold project located at Gullewa in Western Australia. It also holds 7 exploration licenses in Mt Pleasant, Sofala, and Sunny Corner Projects with an area of 514 square kilometers in the Lachlan Fold Belt in NSW; and exploration licenses in lithium and tantalum deposits, as well as holds farm-in rights for 80% interest in EL7974 and EL7423 projects, and 90% interest in the exploration area of EL 5964 project. The company was formerly known as MinRex Resources NL and changed its name to MinRex Resources Limited in January 2016. MinRex Resources Limited was incorporated in 2011 and is based in Perth, Australia.
|Primary activities||Mineral exploration in Western Australia and Tasmania.|
|Industry / Sector||Other Industrial Metals & Mining / Basic Materials|
|Mailing address||216 St Georges Terrace Level 11 Perth WA 6000 Australia|
|Phone / Fax||61 8 9481 0389 /|
|Share registry||AUTOMIC REGISTRY SERVICES|
Minrex Resources paid $0.00 dividend and the ex-dividend date was .The dividend payout ratio is 0.00%. The dividend payout ratio is defined as the amout of dividend paid divided by the earnings of the company.MRR dividend payout ratio is less than 70. This is ideal as it gives company room to grow the dividends and also the excess earnings can be invested in company for growth.
MRR's forward dividend amount is $ and the forward dividend yield is . A forward dividend yield is the percentage of a company's current stock price that it expects to pay out as dividends over a certain time period, generally 12 months. Forward dividend yields are generally used in circumstances where the yield is predictable based on past instances. If not, trailing yields, which indicate the same value over the previous 12 months, are used.
As of Oct 2022, following are the company executives and directors listed on Minrex Resources.
|Mr. Conrad George-Manuel Karageorge BSc(Geology), MAusIMM||MD, CEO & Non-Exec. Director||237.26k|
|Mr. Ian Shackleton||Exploration Mang. & Non-Exec. Director||48.03k|
|Mr. Stuart Leslie Till||Chief Operating Officer|
|Mr. Kavi Bekarma C.A.||Company Sec.|
Profitability and management effectiveness
Return on assets
Return on equity
Profitability ratios are a class of financial metrics that are used to assess a business's ability to generate earnings relative to its revenue, operating costs, balance sheet assets, and shareholders' equity over time, using data from a specific point in time.
The return on equity signifies how well the management is running the company in terms of capital management. The ideal return on equity is greater than 10%. The return on equity is calculated as net income divided by total share holders equity.
Valuation and Trading Info
The market capitalization of Minrex Resources is and its enterprise value is .
The MRR's stocks Beta value is 0.32 making it 68% less volatile compared to ASX market index. Technology stocks and small caps tend to have higher betas than the market benchmark. This indicates that adding the stock to a portfolio will increase the portfolio’s risk, but also increase its expected return. On the other hand utility stocks often have low betas because they tend to move more slowly than market averages.
Companies similar to Minrex Resources (MRR)
- Adbri (ABC)
- Alumina (AWC)
- Amcor Plc (AMC)
- Bhp Group (BHP)
- Bluescope Steel (BSL)
- Boral (BLD)
- Brickworks (BKW)
- CSR (CSR)
- Evolution Mining (EVN)
- Fletcher Building (FBU)
- Fortescue Metals Group (FMG)
- Gold Road Resources (GOR)
- IGO (IGO)
- Iluka Resources (ILU)
- Incitec Pivot (IPL)
- James Hardie Industries Plc (JHX)
- Lynas Rare Earths (LYC)
- Mineral Resources (MIN)
- Newcrest Mining (NCM)
- Northern Star Resources (NST)
- Nufarm (NUF)
- Orica (ORI)
- Orora (ORA)
- Oz Minerals (OZL)
- Perenti Global (PRN)
- Pilbara Minerals (PLS)
- Regis Resources (RRL)
- Resolute Mining (RSG)
- Rio Tinto (RIO)
- Sandfire Resources (SFR)
- Silver Lake Resources (SLR)
- Sims (SGM)
- South32 (S32)
- St Barbara (SBM)
- Western Areas (WSA)
Minrex Resources (ASX:MRR) Frequently Asked Questions
1. What is Minrex Resources's Stock Symbol?
Minrex Resources trades on ASX under the ticker symbol "MRR".
2. What is Minrex Resources's stock price today?
One share of MRR stock can currently be purchased for approximately $0.044.
3. How can I contact Minrex Resources?
Minrex Resources's mailing address is 216 St Georges Terrace Level 11 Perth WA 6000 Australia. The company can be reached via phone at 61 8 9481 0389.
4. What is Minrex Resources's official website?
The official website of Minrex Resources is https://www.minrex.com.au.
5. Which share registry manages Minrex Resources's stock?
Minrex Resources's stock is managed by AUTOMIC REGISTRY SERVICES.