MDX
MINDAX FPO [MDX]
Basic Materials · ASX Small Cap
$0.0380 -2.6%
Updated 9 Sep 2026 · Signals refresh every scan
Appeared in 2 consecutive scansFirst seen: 2026-03-02
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Active Signals
Bullish Signals
- MACD momentum is losing steam
- Stochastic is deep in oversold territory — bounce conditions forming
- Bollinger Bands are tightening — volatility is coiling up for a potential breakout
- Smart money may be accumulating — volume is flowing in even though price hasn't moved yet
- Drifting lower — down 9.5% over the last 5 days
- Beating the Small Ords index — relative strength of 1.11, so it's outpacing the pack
- Volatility is contracting — like a spring being compressed, breakouts often follow
- Trading above the 200-day average — the long-term trend is on your side
- Critical cash runway (0.3 quarters)
- Pre-revenue with limited cash
- Small-cap ($20-100M)
- Substantial holder(s) ceased (1)
- Capital raise activity (3 events)
- Dilution velocity warning (3 raises recently)
- Sentiment is mixed — no strong consensus either way
- The bigger volume days are the up days — volume-weighted momentum is positive (8.33%/day)
- Pre-revenue company — Altman Z-Score not applicable
- Elevated dilution risk (3 recent capital raises)
- Low-priced stock risk ($0.039)
- AUD/USD strong (-2pts)
- RBA hiking (-3pts)
- Dilution risk: technical breakout with recent capital raise
Risk Signals
- Piotroski F-Score weak (3/9, low-confidence approx)
- Not enough chatter to gauge sentiment — defaulting to neutral
- Long-term momentum is negative — down 22% over the past year
Expected next for MDX
Window: 21 Oct to 4 Nov
The last 7 moved MDX -0.5% on the day, on average — an observation, not a guide to what happens next.
Window: 21 Oct to 4 Nov
The last 3 moved MDX -0.4% on the day, on average — an observation, not a guide to what happens next.
Each date is labelled with how it is known. A date estimated from past filings is inferred from this company's own filing rhythm — it is not a confirmed date and not a statement about what the company intends to do. See the whole ASX calendar →
Recent Catalysts
NONE FURTHER A$3,250,000 CONVERTIBLE NOTE FUNDING SECURED
NONE Proposed issue of securities - MDX
NONE Convertible Note Funding Secured
HIGH Ceasing to be a substantial holder
Announcement tone +3pts
Recent ASX Announcements
| 2026-09-06 | FURTHER A$3,250,000 CONVERTIBLE NOTE FUNDING SECURED PRICE SENSITIVE |
| 2026-08-31 | Proposed issue of securities - MDX |
| 2026-08-31 | Convertible Note Funding Secured |
| 2026-08-25 | Ceasing to be a substantial holder |
| 2026-08-25 | Change in substantial holding |
Key Metrics
$92.2M
Market Cap
553K
Avg Volume
0.3x
Vol Ratio
$0.02 — $0.06
52-Week Range
N/A
Short Interest
N/A
Cash Runway
-11.7%
ROE
N/A
Profit Margin
CANSLIM Analysis
| Factor | Rating | Detail | |
|---|---|---|---|
| C | Current EPS | fail | EPS Growth: 0% |
| A | Annual Earnings | fail | CAGR: 0% |
| N | New Highs / Catalysts | neutral | |
| S | Supply & Demand | neutral | Float: 51% |
| L | Leader vs Laggard | pass | RS: 53 |
| I | Institutional Sponsorship | insufficient_data | Inst: 0% |
| M | Market Direction | neutral | Neutral |
Sector: Basic Materials
535 tickers in this sector
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