MRD.AX Mount Ridley Mines ASX pre-market 31 Jan 2026: A$0.04, heavy volume
MRD.AX stock opens pre-market at A$0.04 on 31 Jan 2026 with significant turnover. Volume shows 63,004,336.00 shares traded versus a 50-day average price of A$0.03 and average volume 26,484,681.00, making Mount Ridley Mines Limited (MRD.AX) one of today’s most active ASX names. Investors are watching exploration progress and sector flows in Basic Materials for clues to near-term moves. We use price, volume, and company metrics to explain what that activity means for traders and longer-term investors.
MRD.AX stock: price action and most-active volume
Mount Ridley Mines (MRD.AX) trades between A$0.036 and A$0.041 today, with a previous close of A$0.04. The session shows 63,004,336.00 shares vs average volume 26,484,681.00, signalling real intraday interest and supporting the “most active” label. This heavier-than-normal turnover can amplify short-term volatility around exploration updates and sector news.
MRD.AX stock: company profile and sector context
Mount Ridley Mines Limited explores nickel, iron, copper, gold and rare earths across Western Australia, listed on the ASX in AUD. The company operates the Mount Ridley project and Weld Range West project. Basic Materials has outperformed broader markets recently, and MRD.AX benefits when commodity-screening flows favour small-cap explorers.
MRD.AX stock: fundamentals and valuation metrics
At A$0.04, MRD.AX shows a market cap of A$32,304,454.00 and shares outstanding 950,131,000.00. Key ratios include PB 22.72, P/S 71.28, and a negative PE near -9.95, reflecting limited earnings and exploration-stage losses. Cash per share is 0.0012, and current ratio is 19.23, indicating short-term liquidity but thin operating cash flow.
MRD.AX stock: technicals, analyst signals and Meyka grade
Technically RSI is 49.03 and ADX 27.41, showing a neutral momentum with a developing trend. Recent price averages: 50-day A$0.03 and 200-day A$0.01, signalling an extended run from longer-term levels. Meyka AI rates MRD.AX with a score out of 100: 65.11 (Grade B) — HOLD. This grade factors in S&P 500 and sector comparisons, financial growth, key metrics, forecasts, and analyst consensus. Grades are informational and not financial advice.
MRD.AX stock: catalysts, risks and trading considerations
Near-term catalysts include exploration results, funding updates, and the upcoming earnings/announcement schedule (next entry: 10 Mar 2026). Key risks are persistent negative earnings, volatile commodity prices, and low free-cash-flow per share (-0.0013). For traders, high volume creates intraday opportunity but elevates risk for stop-loss slippage.
MRD.AX stock: analyst outlook and price targets
Meyka AI’s model and consensus-driven scenarios set a practical roadmap. Conservative near-term target A$0.07, base target A$0.14, and bull case A$0.22 reflect exploration success thresholds and re-rating possibilities if results convert to resources. These targets assume improved commodity sentiment and measured dilution control by management.
Final Thoughts
MRD.AX stock is one of the most active small-cap names on the ASX this pre-market session, trading at A$0.04 with 63,004,336.00 shares changing hands. Volume far exceeds recent averages and supports higher intraday volatility. Meyka AI’s forecast model projects a one-year median of A$0.0677, implying an upside of 69.25% from the current price. Longer-term models show larger upside in successful exploration scenarios, with a three-year projection around A$0.1434 (implied upside 258.53%). Traders should balance volume-driven moves with the company’s early-stage fundamentals: high PB and negative earnings metrics. Follow exploration announcements and liquidity patterns; use tight risk controls if trading intraday. For more on live signals and grading, see our MRD.AX page on Meyka AI for real-time updates and model revisions. Forecasts are model-based projections and not guarantees.
FAQs
What is the current MRD.AX stock price and volume?
MRD.AX stock is trading pre-market at A$0.04 with volume 63,004,336.00, far above the average of 26,484,681.00, reflecting heavy interest in the ASX session.
What price targets exist for MRD.AX stock?
Analyst scenarios set a conservative target of A$0.07, a base of A$0.14, and a bull case of A$0.22, linked to exploration success and market re-rating.
How does Meyka AI rate MRD.AX stock?
Meyka AI rates MRD.AX with a score out of 100: 65.11 (Grade B) — HOLD. The grade uses benchmark, sector, growth, metrics, forecasts, and consensus inputs and is informational only.
What are the main risks for MRD.AX stock?
Primary risks include continued negative earnings, thin operating cash flow, potential dilution from capital raises, and commodity price swings affecting exploration valuation.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.
