Matsa Resources Limited (AU:MAT)
ASX:MAT
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MAT Stock Chart & Stats
AU$0.12
<AU$0.01(5.13%)
At close: 4:00 PM EST
AU$0.12
<AU$0.01(5.13%)
Day’s Range― - ―
52-Week RangeAU$0.06 - AU$0.16
Previous CloseN/A
Volume179.34K
Average Volume (3M)3.02M
Market Cap
AU$85.46M
Enterprise ValueAU$73.28M
Total Cash (Recent Filing)AU$3.30M
Total Debt (Recent Filing)AU$10.10M
Price to Earnings (P/E)―
Beta1.89
Next Earnings
Sep 25, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.03
Shares Outstanding971,152,160
10 Day Avg. Volume2,824,082
30 Day Avg. Volume3,018,672
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)2.17
Price to Sales (P/S)0.00
P/FCF Ratio29.83
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
Bulls Say, Bears Say
Bulls Say
Improved Balance SheetThe balance sheet shows meaningful improvement: lower leverage (~0.29 D/E), larger equity (A$20.46M) and a positive ROE (~7% in 2025). This provides a durable capital cushion to fund exploration work, reduces solvency risk and lowers near-term dilution pressure for project advancement.
Positive Operating Cash FlowOCF turned materially positive (A$4.78M) with positive FCF (A$1.49M) in 2025 after years of burn. Sustained cash generation enhances self-funding capacity for exploration and development, reducing reliance on dilutive capital raises and improving the company's ability to execute multi‑period project programs.
Flexible Exploration Monetisation ModelMatsa’s explorer business model permits multiple durable monetisation routes — farm-outs, retained equity/royalties, asset sales or eventual production upside. This strategic flexibility allows value realization without immediate production, aligning incentives with partners and lowering execution risk for a small explorer.
Bears Say
Zero Reported Revenue Undermines EarningsNet income occurred in 2025 despite zero reported revenue, implying profits may derive from non‑operating items or one‑offs. That weakens confidence in underlying earnings quality and repeatability, complicating forecasts and making operating profitability less reliable as a foundation for long‑term funding.
Historic Operating Losses And Earnings VolatilityThe income statement has been consistently weak and volatile, with operating losses in most reported years. Persistent earnings instability raises the likelihood of future capital raises, hampers long‑term planning and increases execution risk for advancing projects toward monetisation or production.
Unreliable Cash Conversion And Volatile FCFAlthough 2025 cash metrics improved, free cash flow has been highly volatile and covered only ~31% of net income in 2025. Weak cash conversion and swings in FCF mean reported profits may not consistently fund exploration, increasing dependency on external financing in weaker cycles.
Matsa Resources Limited News
MAT FAQ
What was Matsa Resources Limited’s price range in the past 12 months?
Matsa Resources Limited lowest share price was AU$0.06 and its highest was AU$0.15 in the past 12 months.
What is Matsa Resources Limited’s market cap?
Matsa Resources Limited’s market cap is AU$85.46M.
When is Matsa Resources Limited’s upcoming earnings report date?
Matsa Resources Limited’s upcoming earnings report date is Sep 25, 2026 which is in 136 days.
How were Matsa Resources Limited’s earnings last quarter?
Matsa Resources Limited released its earnings results on Mar 16, 2026. The company reported -AU$0.029 earnings per share for the quarter, missing the consensus estimate of N/A by -AU$0.029.
Is Matsa Resources Limited overvalued?
According to Wall Street analysts Matsa Resources Limited’s price is currently Overvalued.
Does Matsa Resources Limited pay dividends?
Matsa Resources Limited pays a Notavailable dividend of AU$0.002 which represents an annual dividend yield of N/A. See more information on Matsa Resources Limited dividends here
What is Matsa Resources Limited’s EPS estimate?
Matsa Resources Limited’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does Matsa Resources Limited have?
Matsa Resources Limited has 971,152,160 shares outstanding.
What happened to Matsa Resources Limited’s price movement after its last earnings report?
Matsa Resources Limited reported an EPS of -AU$0.029 in its last earnings report, missing expectations of N/A. Following the earnings report the stock price went up 2.151%.
Which hedge fund is a major shareholder of Matsa Resources Limited?
Currently, no hedge funds are holding shares in AU:MAT
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Matsa Resources Limited Stock Smart Score
Underperform
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Technicals
SMA
Positive
20 days / 200 days
Momentum
255.00%
12-Months-Change
Fundamentals
Return on Equity
-142.42%
Trailing 12-Months
Asset Growth
47.00%
Trailing 12-Months
Company Description
Matsa Resources Limited
Matsa Resources Limited engages in the exploration and development of mineral properties in Western Australia and Thailand. The company primarily explores for gold, nickel, copper, silver, lead, lithium, and base metals. Its flagship project is the Lake Carey Gold project that comprises approximately 500 square kilometers of prospective tenements within the Laverton Tectonic Zone of the Kurnalpi Terrane in Western Australia's eastern goldfields region. The company also holds interests in the Red October, Fortitude North, Fortitude Stage 2 Gold Mine, and Devon projects; and the Paraburdoo, North Bore, Lake Rebecca, and Symons Hill Fraser Range projects. Matsa Resources Limited was incorporated in 2003 and is headquartered in Perth, Australia.
Technical Analysis
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Options Prices
Currently, No data available
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