WRX

WESTRIDGE FPO [WRX]
Western Ridge Resources Limited, together with its subsidiaries, engages in the acquisition, exploration, and development of battery and critical mineral projects in Brazil, Canada, and Australia. The company explores for niobium, tantalum, rare earth elements, uranium, and lithium pegmatite deposits. Its flagship projects are the Equador Niobium Project and the Juazerinho Niobium Project, located in the Borborema Pegmatitic Province of northeastern Brazil. The company was formerly known as Summit Minerals Limited and changed its name to Western Ridge Resources Limited in February 2026. Western Ridge Resources Limited was incorporated in 2021 and is based in Peppermint Grove, Australia.
Basic Materials · ASX Small Cap
$0.0280 +12.0%

Updated 3 Sep 2026 · Signals refresh every scan

Appeared in 2 consecutive scansFirst seen: 2026-03-23
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Active Signals

Bullish Signals

  • MACD momentum is picking up steam
  • Trading above both moving averages — the trend is your friend here
  • On a tear — up 16.7% over the last 5 days
  • Beating the Small Ords index — relative strength of 1.14, so it's outpacing the pack
  • Volume-price trend suggests distribution — sellers may be sneaking out while price holds
  • Strong cash runway (9 quarters)
  • Very high P/S ratio (79.1x)
  • Revenue in sharp decline (-51%)
  • Micro-cap ($5-20M) - high risk
  • Recent placement detected - dilution risk
  • Dilution velocity warning (4 raises recently)
  • CANSLIM S: Tight float (49%)
  • Sentiment is mixed — no strong consensus either way
  • Altman Z-Score distress zone (1.70 < 1.81, low-confidence approx)
  • Elevated dilution risk (4 recent capital raises)
  • Low-priced stock risk ($0.028)
  • AUD/USD strong (-2pts)
  • RBA hiking (-3pts)

Risk Signals

  • Below the 200-day average — the long-term trend is still working against it
  • Piotroski F-Score weak (2/9, low-confidence approx)
  • Not enough chatter to gauge sentiment — defaulting to neutral
  • Long-term momentum is negative — down 24% over the past year
  • Revenue declining at -51% — the top line is shrinking
  • The bigger volume days are the down days — volume-weighted momentum is negative (-1.97%/day)
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Recent Catalysts

NONE Cleansing Notice
NONE Application for quotation of securities - WRX
NONE Proposed issue of securities - WRX
MEDIUM Placement to Advance Keystone Exploration

Recent ASX Announcements

2026-08-19 Cleansing Notice
2026-08-19 Application for quotation of securities - WRX
2026-08-11 Proposed issue of securities - WRX
2026-08-11 Proposed issue of securities - WRX
2026-08-11 Placement to Advance Keystone Exploration PRICE SENSITIVE

Key Metrics

$5.4M
Market Cap
551K
Avg Volume
1.0x
Vol Ratio
$0.01 — $0.06
52-Week Range
N/A
Short Interest
N/A
Cash Runway
-83.2%
ROE
N/A
Profit Margin

CANSLIM Analysis

FactorRatingDetail
CCurrent EPSfailEPS Growth: 0%
AAnnual Earningsinsufficient_dataCAGR: 0%
NNew Highs / Catalystsneutral
SSupply & DemandpassFloat: 49%
LLeader vs LaggardpassRS: 8
IInstitutional Sponsorshipinsufficient_dataInst: 0%
MMarket DirectionneutralNeutral

Sector: Basic Materials

537 tickers in this sector

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