Yahoo Finance

Operations: The company's revenue segment is derived from exploration for gold and other minerals, amounting to A$0.006 million.

Market Cap: A$9.76M

MinRex Resources, with a market cap of A$9.76 million, is a pre-revenue company engaged in mineral exploration. The firm has no debt but faces challenges with less than a year of cash runway and high weekly volatility at 16%, surpassing most Australian stocks. Its short-term assets (A$10M) comfortably cover both short-term (A$235.3K) and long-term liabilities (A$35.1K). Despite an inexperienced board with an average tenure of 1.7 years, the company has avoided shareholder dilution recently but remains unprofitable, with losses increasing by 53.4% annually over five years.

• Unlock comprehensive insights into our analysis of MinRex Resources stock in this financial health report.

• Gain insights into MinRex Resources' past trends and performance with our report on the company's historical track record.

Sunrise Energy Metals

Simply Wall St Financial Health Rating: ★★★★★★

Overview: Sunrise Energy Metals Limited is involved in metal recovery and exploration of mineral tenements in Australia, with a market cap of A$22.11 million.

Operations: The company's revenue segment primarily comprises Metals, generating A$0.33 million.

Market Cap: A$22.11M

Sunrise Energy Metals, with a market cap of A$22.11 million, is pre-revenue, generating only A$0.33 million from its metals segment. The company is debt-free and has reduced its losses by 40.3% annually over the past five years, indicating some operational improvements despite being unprofitable. It maintains a solid cash position with more than a year of runway based on current free cash flow and can extend this to 1.1 years if growth continues at historical rates. Its experienced management team and board contribute stability, while short-term assets (A$9.3M) exceed liabilities comfortably, supporting financial resilience amidst high volatility reduction from 14% to 9%.

• Get an in-depth perspective on Sunrise Energy Metals' performance by reading our balance sheet health report here.

• Examine Sunrise Energy Metals' past performance report to understand how it has performed in prior years.

Make It Happen

• Take a closer look at our ASX Penny Stocks list of 1,051 companies by clicking here.

• Are any of these part of your asset mix? Tap into the analytical power of Simply Wall St's portfolio to get a 360-degree view on how they're shaping up.

• Maximize your investment potential with Simply Wall St, the comprehensive app that offers global market insights for free.

Seeking Other Investments?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.

• Jump on the AI train with fast growing tech companies forging a new era of innovation.

• Find companies with promising cash flow potential yet trading below their fair value.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include ASX:CNB ASX:MRR and ASX:SRL.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com