40LOW

MDX

MINDAX FPO [MDX]
Mindax Limited engages in the exploration and development of mineral properties in Australia. The company operates in two segments, Gold and Iron Ore. Its flagship property is the 65% owned Mt Forrest Iron project, including seven mining leases covering an area of approximately 53 square kilometers situated in the Yilgarn province of Western Australia's Mid-West region. The company was incorporated in 2003 and is based in West Perth, Australia.
Basic Materials · ASX Small Cap
$0.0310 +0.0%

Updated 11 Mar 2026 · Scores refresh every scan

Appeared in 2 consecutive scans→ Score -2First seen: 2026-03-02

Score Breakdown

Technical45
Catalyst51
Sentiment50
Fundamental46
Momentum41
Risk Gate35

Active Signals

Bullish Signals

  • RSI approaching oversold
  • Stochastic oversold
  • Sustained volume spike (5.5x median) on DOWN trend
  • OBV divergence: accumulation detected
  • Underperforming ASX Small Ords (RS 0.84)
  • VPT accumulation divergence (bullish)
  • Low cash runway (3 quarters) - dilution risk
  • Very high P/S ratio (66477.7x)
  • Near 52-week low (1% of range)
  • Small-cap ($20-100M)
  • Capital raise activity (1 events)
  • Volume-weighted momentum positive (0.47%/day)
  • Low-priced stock risk ($0.031)
  • Liquidity risk: 8 zero-volume days in last 20
  • RBA hiking (-3pts)
  • Geo stress elevated (-1pts, hurt)
  • Overseas risk_off (-1pts, S&P500 down, VIX 25)

Risk Signals

  • Price below MAs (downtrend)
  • Negative 5-day momentum (-8.8%)
  • Below 200-day MA (long-term downtrend)
  • Piotroski F-Score weak (3/9, low-confidence approx)
  • Insufficient sentiment data (defaulting to neutral)
  • Neutral/mixed sentiment
  • Negative 12-1 momentum (-44%)

Recent Catalysts

NONE S708A Notice
NONE Application for quotation of securities - MDX
NONE Proposed issue of securities - MDX

Recent ASX Announcements

2026-03-11 S708A Notice
2026-03-11 Application for quotation of securities - MDX
2026-03-10 Proposed issue of securities - MDX
2026-02-11 S708A Notice
2026-02-11 Application for quotation of securities - MDX

Key Metrics

$73.1M
Market Cap
55K
Avg Volume
5.5x
Vol Ratio
$0.03 — $0.10
52-Week Range
N/A
Short Interest
N/A
Cash Runway
-12.5%
ROE
N/A
Profit Margin

CANSLIM Analysis

FactorRatingDetail
CCurrent EPSfailEPS Growth: 0%
AAnnual EarningsfailCAGR: 0%
NNew Highs / Catalystsneutral
SSupply & DemandneutralFloat: 59%
LLeader vs LaggardlaggardRS: -148
IInstitutional Sponsorshipinsufficient_dataInst: 0%
MMarket DirectionneutralNeutral

Sector: Basic Materials

Ranked #497 of 570 · Sector avg: 43

View all Basic Materials signals →
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