M3 Mining Ltd. (AU:M3M)
ASX:M3M
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M3 Mining Ltd.
(Sydney:M3M)
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Rating:44Neutral
Price Target:
AU$0.02
▼(-23.33% Downside)
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 / Zero debt
Having zero reported debt materially reduces near-term insolvency and interest burden risk. This strengthens financial resilience while the company executes operational changes, preserving optionality to raise capital or restructure without immediate creditor pressure over the next several months.
Negative Factors
Sustained operating losses
Multi-year operating losses of this magnitude indicate limited current profitability and weak operating leverage. Persistent negative earnings constrain internal funding, require management to materially improve margins or scale revenue, and increase reliance on external financing to sustain operations.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / Zero debt
Having zero reported debt materially reduces near-term insolvency and interest burden risk. This strengthens financial resilience while the company executes operational changes, preserving optionality to raise capital or restructure without immediate creditor pressure over the next several months.
Read all positive factors
M3 Mining Ltd. (M3M) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$5.64M
Dividend YieldN/A
Average Volume (3M)152.20K
Price to Earnings (P/E)―
Beta (1Y)0.93
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 engages in the exploration and evaluation of mineral resources in Australia. The company primarily explores for copper and gold deposits. It holds a 100% interest in the Edjudina project comprising six licenses located approximat...
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 | 0.00 |
| 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
Positive
0.03
Price Trends
0.03
Positive
0.03
Positive
0.03
Negative
Market Momentum
<0.01
Positive
83.22
Negative
100.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:M3M, the sentiment is Positive. The current price of 0.03 is below the 20-day moving average (MA) of 0.03, above the 50-day MA of 0.03, and below the 200-day MA of 0.03, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 83.22 is Negative, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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% | |
49 Neutral | AU$11.75M | -1.63 | -104.33% | ― | ― | -123.57% | |
46 Neutral | AU$26.04M | -4.97 | -71.24% | ― | ― | 47.13% | |
46 Neutral | AU$2.99M | -2.77 | -18.79% | ― | ― | 72.77% | |
45 Neutral | AU$2.19M | -1.76 | -30.29% | ― | ― | 9.09% | |
44 Neutral | AU$5.64M | -1.34 | -171.67% | ― | ― | 17.53% | |
| ― | AU$5.35M | -0.54 | -119.59% | ― | ― | 20.68% |
* Basic Materials Sector Average
AU:M3M
M3 Mining Ltd.
0.03
>-0.01
-10.00%
AU:GCR
Golden Cross Resources Ltd
0.01
0.00
0.00%
AU:ATT
Copper Search Ltd.
0.01
>-0.01
-33.33%
AU:BPM
BPM Minerals Ltd.
0.20
0.17
566.67%
AU:DUN
Dundas Minerals Limited
0.05
0.03
177.78%
AU:OCT
Octava Minerals Ltd.
0.03
>-0.01
-13.79%
M3 Mining Ltd. Corporate Events
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...
M3 Mining Advances Edjudina Exploration with New Targets and Solid Cash Position
Apr 30, 2026
M3 Mining reported progress at its Edjudina Gold Project during the March 2026 quarter, advancing a heritage agreement to enable surveys at the Yilgangie and El Capitan prospects. Geological and geophysical reviews have identified new highly prosp...
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.