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MARKETS CLOSED · LAST TRADE Thu 03:17 UTC
Companies/Energy/MEX
MEX$0.0955

Minerals Exploration Ltd

UraniumVerified
Score breakdown
Valuation+3Sentiment+30Missing signals-1
Quality breakdown
Key fields100Profile25Conclusion95AI synthesis40Observations3

The company maintains a strong liquidity position, with a current ratio of 35.42, indicating a significant excess of current assets over current liabilities. Its cash and equivalents amount to AUD 2,596,790, which is a substantial portion of its total assets of AUD 4,591,700. The company is entirely equity-funded, with no long-term debt and a debt-to-equity ratio of 0.0 [doc:HA-latest]. Profitability metrics are negative, with a return on equity (ROE) of -30.31% and a return on assets (ROA) of -29.81%. The company reported a net loss of AUD 1,368,770 and an operating loss of AUD 1,367,070 in the latest period. These figures are significantly below the industry median for profitability metrics, indicating underperformance relative to peers [doc:HA-latest]. The company operates as a single business segment, with no disclosed geographic diversification in the provided data. Revenue is concentrated in a single operational segment, and there is no indication of international revenue distribution. This lack of diversification increases exposure to regional market risks [doc:HA-latest]. The company's growth trajectory is currently negative, with a net loss and no capital expenditure reported. There is no indication of revenue growth in the latest period, and no forward-looking guidance is provided. The absence of capital expenditure suggests a lack of active development or expansion in the near term [doc:HA-latest]. Risk factors are minimal in the current period, with low liquidity and dilution risk. No immediate filing-based liquidity or dilution flags were detected. The company has a low dilution potential, with basic and diluted shares outstanding being equal. No adjustments were applied to the valuation metrics, indicating no material dilution or liquidity concerns [doc:HA-latest]. Recent filings and transcripts do not indicate any material events or strategic shifts. The company has not disclosed any significant operational or financial developments in the latest period. The absence of capital expenditure and the reported losses suggest a period of operational dormancy or strategic reassessment [doc:HA-latest].

Profile
CompanyMinerals Exploration Ltd
TickerMEX.AX
SectorEnergy
BusinessUranium
Industry groupUranium
IndustryUranium
AI analysis

Business. Minerals Exploration Ltd is a uranium exploration and mining company operating in the Energy sector, specifically focused on the Uranium industry [doc:verified_market_data].

Classification. The company is classified under the Uranium industry within the Energy economic sector, with a classification confidence of 0.92 [doc:verified_market_data].

The company maintains a strong liquidity position, with a current ratio of 35.42, indicating a significant excess of current assets over current liabilities. Its cash and equivalents amount to AUD 2,596,790, which is a substantial portion of its total assets of AUD 4,591,700. The company is entirely equity-funded, with no long-term debt and a debt-to-equity ratio of 0.0 [doc:HA-latest]. Profitability metrics are negative, with a return on equity (ROE) of -30.31% and a return on assets (ROA) of -29.81%. The company reported a net loss of AUD 1,368,770 and an operating loss of AUD 1,367,070 in the latest period. These figures are significantly below the industry median for profitability metrics, indicating underperformance relative to peers [doc:HA-latest]. The company operates as a single business segment, with no disclosed geographic diversification in the provided data. Revenue is concentrated in a single operational segment, and there is no indication of international revenue distribution. This lack of diversification increases exposure to regional market risks [doc:HA-latest]. The company's growth trajectory is currently negative, with a net loss and no capital expenditure reported. There is no indication of revenue growth in the latest period, and no forward-looking guidance is provided. The absence of capital expenditure suggests a lack of active development or expansion in the near term [doc:HA-latest]. Risk factors are minimal in the current period, with low liquidity and dilution risk. No immediate filing-based liquidity or dilution flags were detected. The company has a low dilution potential, with basic and diluted shares outstanding being equal. No adjustments were applied to the valuation metrics, indicating no material dilution or liquidity concerns [doc:HA-latest]. Recent filings and transcripts do not indicate any material events or strategic shifts. The company has not disclosed any significant operational or financial developments in the latest period. The absence of capital expenditure and the reported losses suggest a period of operational dormancy or strategic reassessment [doc:HA-latest].
Key takeaways
  • The company has a strong liquidity position with a current ratio of 35.42 and no long-term debt.
  • Profitability is negative, with a return on equity of -30.31% and a return on assets of -29.81%.
  • The company operates as a single segment with no geographic diversification, increasing regional risk exposure.
  • No capital expenditure was reported, indicating a lack of active development or expansion.
  • Low liquidity and dilution risk are reported, with no immediate filing-based flags detected.
  • --
  • ## RATIONALES
  • ```json
Financial snapshot
PeriodHA-latest
CurrencyAUD
Revenue$88.3k
Gross profit—
Operating income-$1.4M
Net income-$1.4M
R&D—
SG&A—
D&A—
SBC—
Operating cash flow-$1.1M
CapEx$0.00
Free cash flow—
Total assets$4.6M
Total liabilities$75.1k
Total equity$4.5M
Cash & equivalents$2.6M
Long-term debt$0.00
Annual history (last 5)
PeriodRevenueOp IncomeNet IncomeFCF
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Quarterly history (last 4)
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PeriodGross %Op %Net %FCF %
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PeriodAssetsEquityCashDebt
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PeriodOCFCapExFCFSBC
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Valuation
Market price$0.09
Market cap$17.7M
Enterprise value$15.1M
P/E—
Reported non-GAAP P/E—
EV/Revenue170.6
EV/Op income—
EV/OCF—
P/B3.9
P/Tangible book3.9
Tangible book$4.5M
Net cash$2.6M
Current ratio35.4
Debt/Equity0.0
ROA-29.8%
ROE-30.3%
Cash conversion82.0%
CapEx/Revenue0.0%
SBC/Revenue—
Asset intensity—
Dilution ratio0.0%
Risk assessment
Dilution riskLow
Liquidity riskLow
  • No immediate filing-based liquidity or dilution flags were detected.
Industry benchmarks
Activity: Uranium · cohort 1 companies
MetricMEXActivity
Op margin-1548.2%11.2% medp25 11.2% · p75 11.2%bottom quartile
Net margin-1550.1%17.3% medp25 17.3% · p75 17.3%bottom quartile
Gross margin—49.6% medp25 49.6% · p75 49.6%
R&D / revenue—3.8% medp25 3.8% · p75 3.8%
CapEx / revenue0.0%4.4% medp25 4.4% · p75 4.4%bottom quartile
Debt / equity0.0%0.0% medp25 0.0% · p75 1.4%bottom quartile
Source data
Underlying data the analysis-pipeline pulls and audits. Fetch timestamps + content hashes show when each source was last refreshed.
Company fundamentalsperiod FQ-7 · history via verified-market-data
no public URL
2026-05-04 19:27 UTC#a378b78f
Market quoteclose AUD 0.09 · shares 0.19B diluted
no public URL
2026-05-04 19:27 UTC#a75616fc
Source: analysis-pipeline (hybrid)Generated: 2026-05-04 19:28 UTCJob: 334dc197