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
$0.0180 -14.3%

Updated 23 Jul 2026 · Signals refresh every scan

Get alerts when MDX triggers a new signal
Free watchlist with daily scans for 2,200+ ASX stocks
Track MDX — Free

Active Signals

Bullish Signals

  • RSI drifting toward oversold territory — worth watching
  • Smart money may be accumulating — volume is flowing in even though price hasn't moved yet
  • Sitting near support — this level has held before and could attract buyers again
  • Took a hit — down 14.3% over the last 5 days
  • Volume-price trend suggests distribution — sellers may be sneaking out while price holds
  • Volatility is expanding fast — choppy price action, so buckle up
  • Critical cash runway (0.3 quarters)
  • Pre-revenue with limited cash
  • Near 52-week low (2% of range)
  • Small-cap ($20-100M)
  • Sentiment is mixed — no strong consensus either way
  • This one has been in freefall — down 67% over the past year
  • Poor risk-adjusted returns — Sharpe of -1.5 means lots of volatility for not much reward
  • Pre-revenue company — Altman Z-Score not applicable
  • Penny stock risk ($0.018)
  • Liquidity risk: 14 zero-volume days in last 20
  • RBA hiking (-3pts)
  • Calendar: Quarterly 4C in 6d (+3pts)

Risk Signals

  • Below the 200-day average — the long-term trend is still working against it
  • Piotroski F-Score weak (3/9, low-confidence approx)
  • Not enough chatter to gauge sentiment — defaulting to neutral
  • The bigger volume days are the down days — volume-weighted momentum is negative (-2.97%/day)
Ask Scout AI about MDX
"What's driving MDX today?" "How does MDX compare to peers?" "Key risks for MDX?"
3 free messages/day · Unlimited with Pro

Recent Catalysts

NONE Notification of cessation of securities - MDX
Announcement tone +3pts

Recent ASX Announcements

2026-07-20 Notification of cessation of securities - MDX

Key Metrics

$42.5M
Market Cap
N/A
Avg Volume
N/A
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

FactorRatingDetail
CCurrent EPSfailEPS Growth: 0%
AAnnual EarningsfailCAGR: 0%
NNew Highs / Catalystsneutral
SSupply & DemandneutralFloat: 52%
LLeader vs LaggardlaggardRS: -3
IInstitutional Sponsorshipinsufficient_dataInst: 0%
MMarket DirectionneutralNeutral

Sector: Basic Materials

505 tickers in this sector

View all Basic Materials signals →Browse all ASX tickers A–Z →
Related Tickers
CLA +300.0%VAR +33.3%ARV +33.3%MYE +32.4%NFM +30.0%
Compare:MDX vs CLAMDX vs VARMDX vs ARV
Scout Pro — Deeper Analysis for MDX
Try Pro free for 30 days
Share this analysis

Track MDX and 2,200+ ASX stocks

Get free access to Scout's AI-powered dashboard with daily scans, watchlist alerts, and exit management for every ASX small cap.

Open Dashboard — Free Free Screener
No credit card required