ASX Share rice
Fri 14 Aug 2020 - 05:49:pm (Sydney)

REE Share Price

RAREX LIMITEDREEMaterials

REE Company Information

Name:

RareX Limited

Sector:

Basic Materials

Industry:

Other Industrial Metals & Mining

Address:

513 Hay Street Subiaco Australia 6008

Phone:

61 8 6143 6720

Company Sec.:

Ms. Oonagh Jane Malone

Exec. Director:

Mr. Jeremy Kim Robinson B.Com.

Head of Exploration:

Mr. Guy Moulang

Company Overview:

RareX Limited explores for and develops mineral properties in Australia. The company holds 100% interest in the Cummins Range Rare Earths Project located in the East Kimbley region of Western Australia; and has an option agreement to acquire 100% in three cobalt licenses in Morocco. It also holds 100% interest in the Orange East Gold Project located on the eastern margin of the Molong Volcanic Belt. The company has a strategic partnership with Talaxis Limited to develop Cummins Range Rare Earths Project located in Western Australia. The company was formerly known as Sagon Resources Limited and changed its name to RareX Limited in December 2019. RareX Limited was incorporated in 2003 and is based in Subiaco, Australia.

REE Share Price Information

Shares Issued:

312.06M

Market Capitalisation:

$23.09M

Return On Assets (TTM):

$-0.38

Return On Equity (TTM):

$-3.43

Gross Profit(TTM):

$-225,695

Diluted Earnings Per Share (TTM):

$-0.05

REE CashFlow Statement

CashFlow Date:

2019-06-30

Investments:

$443.69K

Change To Liabilities:

$68.60K

Total Cashflow From Investing Activities:

$443.69K

Net Income:

$-2,209,009

Total Cash From Operating Activities:

$-1,176,916

Other Cashflow From Investing Activities:

$135.17K

Sale Purchase Of Stock:

$-59,739

Capital Expenditures:

$296.97K

REE Income Statement

Income Date:

2019-06-30

Income Before Tax:

$-2,209,009

Net Income:

$-2,209,009

Operating Income:

$-1,395,004

REE Balance Sheet

Balance Sheet Date:

2019-06-30

Total Liabilities:

$165.87K

Total Stockholder Equity:

$1.36M

Total Assets:

$1.52M

Common Stock:

$20.41M

Retained Earnings:

$-21,424,950

Cash:

$427.32K

Total Current Liabilities:

$165.87K

Property - Plant & Equipment:

$505.03K

Net Tangible Assets:

$1.36M

Total Current Assets:

$1.02M

Short-Term Investments:

$505.03K

Accounts Payable:

$96.67K

Short-Term Investments:

$505.03

Non Current Liabilities Total:

$0

REE Share Price History

REE News

06 Jul, 2020
Kincora announces high-grade gold-copper results from first hole at Trundle
09 Jun, 2020
Kincora's second hole at the Trundle project, at the Mordialloc target, has intersected strong halo indicators of a mineralized porphyry intrusion system confirming the targeted geological setting. The first two drill holes at both the Mordialloc porphyry and Trundle Park skarn-porphyry targets have significantly expanded the scale and prospectivity of these target zones. The Mordialloc and Trundle Park targets are located 8.5km apart and interpreted to lie within the same mineralized complex as Australia's second largest porphyry mine at Northparkes, further illustrating the scale and potential for mineralized systems at the Trundle project.
23 Mar, 2020
Just because a business does not make any money, does not mean that the stock will go down. For example, although...
22 Dec, 2019
The main aim of stock picking is to find the market-beating stocks. But in any portfolio, there will be mixed results...