Risk factor
Very poor trading liquidity
Profitability factor
Undervalued vs peers
About
Fenix Resources Limited is primarily engaged in the exploration, development, and extraction of mineral deposits throughout Western Australia. The company's operations are structured into two distinct divisions: the Iron Ridge Project and a Trucking Joint Venture. A key asset for the firm is its wholly-owned Iron Ridge Iron Ore project, which is also located in Western Australia. Initially trading as Emergent Resources Limited, the company was founded in 2007 and maintains its corporate headquarters in West Perth, Australia.
Company Valuation
From both historical and forecast perspectives, the stock is underpriced compared to similar stocks. In particular, the stock is reasonably priced on P/E, 'cheap' on EV/E