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M3 Mining Ltd.
(Sydney:M3M)
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Rating:44Neutral
Price Target:
AU$0.02
▲(15.00% Upside)
Action:Reiterated
Date:03/24/26
The score is primarily constrained by weak financial performance—ongoing operating losses, heavy negative free cash flow, and a shrinking equity base despite zero debt. Technicals add pressure with the stock trading below major moving averages and negative MACD. Valuation is only modestly supportive because the negative P/E is driven by losses and there is no dividend yield provided.
Positive Factors
Low Leverage / No Debt
Zero reported debt gives the company structural financial flexibility versus leveraged peers. This reduces mandatory interest obligations, lowering bankruptcy risk and preserving optionality to raise capital or invest if operations improve, a durable balance-sheet advantage.
Negative Factors
Sustained Losses
Multi-year operating losses of material size indicate the company has not yet achieved profitable scale. Persistent deficits undermine retained capital, require repeated external funding, and constrain long-term investment, making profitability an open execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage / No Debt
Zero reported debt gives the company structural financial flexibility versus leveraged peers. This reduces mandatory interest obligations, lowering bankruptcy risk and preserving optionality to raise capital or invest if operations improve, a durable balance-sheet advantage.
Read all positive factors
M3 Mining Ltd. (M3M) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$4.80M
Dividend YieldN/A
Average Volume (3M)152.20K
Price to Earnings (P/E)―
Beta (1Y)0.60
Revenue GrowthN/A
EPS Growth17.53%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.02
Shares Outstanding208,805,370
10 Day Avg. Volume231,391
30 Day Avg. Volume152,196
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)3.14
Price to Sales (P/S)37.93
P/FCF Ratio-1.35
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
M3 Mining Ltd. Business Overview & Revenue Model
Company Description
M3 Mining Limited is an Australian firm dedicated to identifying and assessing mineral resources, with a principal focus on copper and gold deposits. The company fully owns two significant projects in Western Australia: the Edjudina project, which...
M3 Mining Ltd. Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
46
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 70.34K | 70.34K | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 46.13K | 48.63K | -11.97K | -11.28K | -8.40K | -35.00K |
| EBITDA | -1.90M | -1.79M | -2.10M | -2.17M | -1.34M | -733.52K |
| Net Income | -2.45M | -2.34M | -2.11M | -2.12M | -1.35M | -733.52K |
Balance Sheet | ||||||
| Total Assets | 2.05M | 1.02M | 2.12M | 3.02M | 3.67M | 1.98M |
| Cash, Cash Equivalents and Short-Term Investments | 1.84M | 836.20K | 1.95M | 2.84M | 3.57M | 1.96M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 42.59K | 171.77K | 291.11K | 267.26K | 230.34K | 1.43M |
| Stockholders Equity | 2.01M | 849.08K | 1.82M | 2.75M | 3.44M | 543.99K |
Cash Flow | ||||||
| Free Cash Flow | -2.16M | -1.97M | -1.74M | -1.83M | -1.27M | -102.55K |
| Operating Cash Flow | -2.12M | -1.94M | -1.74M | -1.80M | -1.22M | -102.55K |
| Investing Cash Flow | -24.74K | -19.25K | 0.00 | -43.13K | -55.50K | 0.00 |
| Financing Cash Flow | 2.09M | 847.77K | 847.85K | 1.11M | 2.88M | 2.06M |
M3 Mining Ltd. Technical Analysis
Negative
0.02
Price Trends
0.02
Negative
0.02
Negative
0.03
Negative
Market Momentum
>-0.01
Negative
39.46
Neutral
-42.86
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:M3M, the sentiment is Negative. The current price of 0.02 is above the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and below the 200-day MA of 0.03, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 39.46 is Neutral, neither overbought nor oversold. The STOCH value of -42.86 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:M3M.
M3 Mining Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
45 Neutral | AU$3.88M | ― | 9.69% | ― | ― | -78.26% | |
45 Neutral | AU$5.24M | -2.88 | -21.21% | ― | ― | -6.56% | |
44 Neutral | AU$4.80M | -1.22 | -171.67% | ― | ― | 17.53% | |
43 Neutral | AU$5.25M | -0.40 | -327.17% | ― | ― | -179.17% | |
41 Neutral | AU$6.52M | -1.22 | -102.37% | ― | ― | -505.33% | |
36 Underperform | AU$4.02M | -0.54 | -119.59% | ― | ― | 20.68% |
* Basic Materials Sector Average
AU:M3M
M3 Mining Ltd.
0.02
>-0.01
-23.33%
AU:YAR
Consolidated Zinc Limited
0.01
0.00
0.00%
AU:ABR
Bryah Resources Ltd.
―
―
―
AU:ATT
Copper Search Ltd.
0.01
-0.02
-60.00%
AU:SLA
Lycaon Resources Ltd.
0.11
-0.11
-48.84%
AU:BUS
Bubalus Resources Ltd.
0.08
-0.05
-37.50%
M3 Mining Ltd. Corporate Events
M3 Mining Identifies New Gold Anomalies at Edjudina Project
Jul 23, 2026
M3 Mining has reported encouraging assay results from an ultra-fine soil sampling program at the Yilgangie and Broken Hill Bore prospects within its Edjudina Gold Project in Western Australia. The CSIRO-developed ultrafine technique has successful...
M3 Mining Advances Edjudina Soil Sampling as Cash Supports Future Exploration
Jul 15, 2026
M3 Mining reported that it completed an approximately 500-sample ultra-fine soil program across the Yilgangie and Broken Hill Bore prospects at its Edjudina Gold Project, with assays expected shortly to refine gold targets linked to historic high-...
M3 Mining Completes Ultra-Fine Soil Program at Edjudina Gold Project
May 22, 2026
M3 Mining has completed an ultra-fine soil sampling program at the Yilgangie and Broken Hill Bore prospects within its Edjudina Gold Project in Western Australia. The work, carried out by Ozex Exploration Services, collected around 500 samples fro...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.