CSE

Rockex Mining Corporation

RXM.CN•Basic Materials•Other Industrial Metals & Mining
Current Price
$0.02
Today's Change
+0.00%
Market Cap
$2.67M
Volume
7.30K
⛏️

Commodity Exposure

Diversified Mining

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Industry Context

Diversified miners balance commodity exposure. Operating margins vary significantly by commodity mix.

💡 Quick Take

Rockex Mining Corporation is an exploration stage company focused on evaluating iron deposits in Canada. Key concerns include a very low current ratio of 0.00, indicating liquidity issues, and a negative return on assets (ROA) of -99.3%, reflecting poor financial performance. With a market cap of only $2.67M and a stock price of $0.02, the company faces significant challenges in attracting investment. Overall, while the exploration potential exists, financial health raises substantial red flags for investors.

Based on 17 data points⚠️Not financial advice

📊 Key Metrics

52 Week High$0.06
52 Week Low$0.01
Avg Volume1.86K
Beta2.00
Shares Outstanding133.69M

🔥 Valuation

Market Cap$2.67M
Enterprise Value$2.56M
P/E Ratio-3.57
EV/EBITDA ⚠️-2.65x
Dividend Yield0.00%

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🚩 Red Flags

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Cash Runway Critical

Company has $826 in cash but burned $32K last quarter. At this burn rate, only 0.0 quarters of runway remain without additional financing.

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Significant Losses

Company posted a loss of $-955K over the last year, representing Infinity% of revenue.

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Persistent Cash Burn

Operating cash flow has been negative for 3 consecutive quarters, burning $127K over the last year.

🌟 Opportunities

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Debt-free balance sheet with a solid cash position, providing significant financial flexibility.

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