Market Performance and Corporate Actions of Mount Ridley Mines (MRD.AX)
Trading Activity
Closing Price (20 Oct 2026, 09:03 PM Central Europe) Mount Ridley Mines shares closed at AUD 0.04 after a rise of 4.65 % during the preceding 24‑hour period.
Market Capitalisation The company’s market capitalisation is AUD 62.8 million.
Volume and Liquidity In the last 24 hours, approximately AUD 340.3 thousand of shares were traded. Total shares outstanding are 1.4 billion.
Trend Since Previous Month‑End The share price has declined 2.17 % compared with the end of the previous month.
Technical Indicators
- Simple moving average (SMA) over the last 200 trading days: AUD 0.03.
- 52‑week high: AUD 0.09 (recorded on 11 Mar 2025).
- 52‑week low: AUD 0.00 (recorded on 23 Oct 2025).
Recent Corporate Developments
Performance Rights Issue Mount Ridley Mines has announced a planned issuance of performance rights securities. The placement is scheduled for late November 2026 and is intended to support a directors’ incentive package.
Patent Filing A second provisional patent application has been lodged by a wholly owned subsidiary. The filing covers an adaptation of the company’s Selectro™ chemistry for use in industrial metal feedstocks.
- The adaptation has been successfully tested on bauxite, yielding high recovery rates for aluminium, iron, and gallium.
- The separate patent applications allow the company to develop and commercialise the Selectro™ platform independently of its own projects, facilitating future licensing opportunities.
- Dividend and Distribution Policy No changes to the dividend or distribution policy have been announced. The company will continue to optimise the Selectro™ chemistry for industrial feedstocks and pursue additional third‑party testing.
Context: Performance of Related Stocks (Last 24 Hours)
| Symbol | 24‑h Change | Current Price | Market Cap (AUD million) | Notes |
|---|---|---|---|---|
| PTN.AX (Patronus) | 0 % | AUD 0.05 | 74 | Flat performance |
| AVL.AX (Australian Vanadium) | –10.53 % | AUD 0.17 | 71.4 | Significant decline |
| B4P.AX (Beforepay) | –4.64 % | AUD 1.35 | 71.3 | Upcoming AGM on 20 Nov 2026 |
| CRI.AX (Critica) | –4.17 % | AUD 0.02 | 72.7 | Decline |
| E25.AX (Element) | 0 % | AUD 0.22 | 74.2 | Flat performance |
Beforepay AGM Highlights The upcoming annual general meeting will address governance matters, including the re‑election of two independent directors and approval of remuneration and incentive plans. Shareholders will vote on the remuneration report, an employee incentive awards plan, and a grant of performance rights to the managing director. No material financial updates are anticipated beyond standard disclosures in the annual report.
Company Overview
Mount Ridley Mines Limited is a diversified mining enterprise with a primary focus on gold projects. Its flagship asset is the Murchison project in Western Australia, which hosts significant gold deposits. The company also holds interests in the Boston project, comprising exploration tenement applications for gold, silver, and copper.
