Ionic Rare Earths Ltd IXRRF

Morningstar Rating
$0.39 +0.01 (2.56%)
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About Quantitative Ratings

Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.

Price vs Fair Value

IXRRF is trading within a range we consider fairly valued.
Price
$0.38
Fair Value
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Uncertainty
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1-Star Price
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5-Star Price
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Economic Moat
LOCK|ZL
Capital Allocation
—

Trading Information

Previous Close Price
$0.38
Day Range
$0.35–0.43
52-Week Range
$0.01–0.95
Bid/Ask
$0.35 / $0.43
Shares Outstanding
257.46M
Market Cap
$88.76M
Volume/Avg
15,000 / 12,389

Key Statistics

Price/Earnings (Normalized)
—
Price/Sales
—
Dividend Yield (Trailing)
0.00%
Dividend Yield (Forward)
0.00%
Dividend Payment Schedule
—
Total Yield
—

Company Profile

Ionic Rare Earths Ltd is engaged in the advancement of its rare earth magnet recycling and supply chain, including progression of funding initiatives in the United Kingdom, advancement of engineering and FEED activities for its planned Belfast magnet rare earth oxide facility, expansion of strategic partnerships in the United States, and continued development of its critical minerals interests in Uganda and Brazil. Its business is conducted from operations located in Australia, the United Kingdom. It operates in three operating segments: Exploration Operations, Magnet Recycling Operations and Corporate. Geographically, its operations are spread across Australia, Uganda, and United Kingdom.
Sector
Basic Materials
Industry
Other Industrial Metals & Mining
Stock Style Box
Small Core
Total Number of Employees
1

Valuation

Metric
IXRRF
Price/Earnings (Normalized)
—
Price/Book Value
3.77
Price/Sales
—
Price/Cash Flow
—
Price/Earnings
IXRRF

Financial Strength

Metric
IXRRF
Quick Ratio
1.89
Current Ratio
2.57
Interest Coverage
—
Quick Ratio
IXRRF

Profitability

Metric
IXRRF
Return on Assets (Normalized)
—
Return on Equity (Normalized)
—
Return on Invested Capital (Normalized)
—
Return on Assets
IXRRF

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