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1 Comment
Rincon Resources Limited is currently in a long term downtrend where the price is trading 27.0% below its 200 day moving average.
From a valuation standpoint, the stock is 100.0% cheaper than other stocks from the Other sector with a price to sales ratio of 0.0.
Rincon Resources Limited's total revenue sank by 99.8% to $220 since the same quarter in the previous year.
Its net income has dropped by 703.8% to $-724K since the same quarter in the previous year.
Finally, its free cash flow fell by 14678.8% to $-346K since the same quarter in the previous year.
Based on the above factors, Rincon Resources Limited gets an overall score of 1/5.
CurrencyCode | AUD |
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Exchange | AU |
ISIN | AU0000116352 |
Sector | Basic Materials |
Industry | Other Precious Metals & Mining |
Target Price | 1.32 |
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Beta | 0.19 |
Market Cap | 4M |
PE Ratio | None |
Dividend Yield | None |
Rincon Resources Limited engages in the acquisition, exploration, and development of mineral resources in Western Australia. It explores for niobium, gold, copper, rare-earth element, and other critical metal deposits. The company holds 100% interest in the West Arunta project consisting a single granted exploration licence and three exploration licence application covering approximately an area of 300 square kilometer located in the West Arunta Province of Western Australia; the South Telfer project consists of six exploration licences and two prospecting licences that covers an area approximately 550 square kilometer located in the Paterson Range Region of Western Australia; and the Laverton Gold Project consists of two granted exploration licences and three exploration licence covering 150 square kilometer located in the Laverton township, Australia. Rincon Resources Limited was incorporated in 2018 and is based in Subiaco, Australia.
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