Metal Bank Limited (AU:MBK)
ASX:MBK
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Metal Bank Limited
(Sydney:MBK)
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Rating:43Neutral
Price Target:
AU$0.01
▼(-35.00% Downside)
Action:Reiterated
Date:05/26/26
The score is held back primarily by weak financial performance—recurring losses and continued cash burn—partly mitigated by a debt-free balance sheet. Technicals add pressure given the price trading below major moving averages, while valuation remains constrained by negative earnings and no dividend support.
Positive Factors
Debt-free balance sheet
No recorded debt materially reduces solvency and interest-cost risk, giving management durable financial flexibility to pursue exploration or structure JV deals. For an exploration company this lowers bankruptcy risk and preserves optionality to raise non-debt capital over the next several months.
Negative Factors
Persistent operating and net losses
Ongoing operating and net losses indicate the company is not generating sustainable earnings from its activities. Over 2–6 months this constrains internal funding for exploration, forces reliance on external capital, and limits ability to demonstrate progress toward cash-generating operations.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
No recorded debt materially reduces solvency and interest-cost risk, giving management durable financial flexibility to pursue exploration or structure JV deals. For an exploration company this lowers bankruptcy risk and preserves optionality to raise non-debt capital over the next several months.
Read all positive factors
Metal Bank Limited (MBK) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$11.70M
Dividend YieldN/A
Average Volume (3M)1.02M
Price to Earnings (P/E)―
Beta (1Y)0.69
Revenue GrowthN/A
EPS Growth-92.31%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding900,093,140
10 Day Avg. Volume2,478,275
30 Day Avg. Volume1,022,412
Financial Highlights & Ratios
PEG Ratio0.10
Price to Book (P/B)0.35
Price to Sales (P/S)1169.31
P/FCF Ratio-2.88
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
Metal Bank Limited Business Overview & Revenue Model
Company Description
Metal Bank Limited is primarily focused on mineral exploration. The company fully owns the 8 Mile, Wild Irishman, and Eidsvold gold projects, all located in South East Queensland. It also holds a 75% interest in the Livingstone project, situated i...
How the Company Makes Money
Metal Bank Limited makes money primarily through the exploration and development of mineral resources, particularly gold. Profits are generated by identifying valuable mineral deposits and either selling these assets or entering into joint venture...
Metal Bank Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 4.62K | 0.00 | 18.69K | 835.00 | 106.28K |
| Gross Profit | 0.00 | 4.62K | -10.00K | 17.71K | -1.11K | -3.27K |
| EBITDA | -1.08M | -778.70K | -2.08M | -920.04K | -1.89M | -361.17K |
| Net Income | -2.80M | -2.12M | -2.22M | -7.05M | -1.89M | -364.44K |
Balance Sheet | ||||||
| Total Assets | 20.37M | 15.77M | 16.27M | 14.40M | 22.63M | 10.97M |
| Cash, Cash Equivalents and Short-Term Investments | 1.97M | 396.35K | 794.66K | 767.59K | 5.69M | 1.00M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 334.64K | 359.69K | 630.16K | 398.33K | 2.29M | 166.23K |
| Stockholders Equity | 20.04M | 15.41M | 15.64M | 14.00M | 20.34M | 10.80M |
Cash Flow | ||||||
| Free Cash Flow | -838.59K | -1.87M | -2.59M | -4.92M | -4.94M | -2.07M |
| Operating Cash Flow | -838.58K | -770.37K | -764.49K | -565.81K | -1.39M | -478.85K |
| Investing Cash Flow | -999.55K | -1.10M | -1.83M | -4.36M | -3.55M | -1.19M |
| Financing Cash Flow | 2.62M | 1.47M | 2.62M | 9.63M | 9.63M | 2.05M |
Metal Bank Limited Technical Analysis
Negative
0.02
Price Trends
0.02
Negative
0.02
Negative
0.02
Negative
Market Momentum
>-0.01
Positive
41.25
Neutral
-105.56
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MBK, the sentiment is Negative. The current price of 0.02 is above the 20-day moving average (MA) of 0.01, above the 50-day MA of 0.02, and below the 200-day MA of 0.02, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 41.25 is Neutral, neither overbought nor oversold. The STOCH value of -105.56 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:MBK.
Metal Bank Limited 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% | |
47 Neutral | AU$8.32M | -3.68 | -19.54% | ― | ― | -11.76% | |
44 Neutral | AU$11.14M | -7.05 | -34.21% | ― | ― | 92.50% | |
43 Neutral | AU$11.70M | -2.60 | -15.81% | ― | ― | -92.31% | |
43 Neutral | AU$23.60M | -3.68 | -58.76% | ― | ― | 28.68% | |
43 Neutral | AU$8.84M | -1.30 | -184.19% | ― | ― | 8.00% |
* Basic Materials Sector Average
AU:MBK
Metal Bank Limited
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Metal Bank Limited Corporate Events
Metal Bank Confirms $1 Million Share Placement Tranche Under Cleansing Notice
Jun 9, 2026
Metal Bank Limited has confirmed the issue of 58,823,529 fully paid ordinary shares at $0.017 per share, raising $1 million as the first tranche of a $1.2 million placement announced in May. The remaining $200,000 is expected by 15 June 2026, with...
Metal Bank Seeks ASX Quotation for 58.8 Million New Shares
Jun 5, 2026
Metal Bank Limited, an ASX-listed mineral exploration company, has applied for quotation of 58,823,529 new ordinary fully paid shares on the Australian Securities Exchange. The new securities are being issued under previously announced arrangement...
Metal Bank signs Terra Mining MOU to advance Seven Leaders gold project
May 26, 2026
Metal Bank Limited has signed a non-binding memorandum of understanding with mining contractor Terra Mining to negotiate a contract for mining and crushing services at its Seven Leaders gold deposit within the Whiteheads project in Western Austral...
Metal Bank outlines exploration strategy and issues detailed investor disclaimer
May 24, 2026
Metal Bank Limited has released an investor presentation dated 25 May 2026 outlining its strategy for advancing targeted exploration and near-term production in gold, copper and critical minerals. The document emphasises that it is for general inf...
Metal Bank plans major share placement to fund ongoing activities
May 21, 2026
Metal Bank Limited has notified the ASX of a proposed placement of up to 70,588,235 new ordinary fully paid shares. The proposed issue date for the new securities is 15 June 2026, with the company seeking quotation of the additional shares in line...
Metal Bank Raises $1.2m at Premium to Accelerate WA Gold Projects
May 21, 2026
Metal Bank Limited has secured binding agreements for a $1.2 million equity placement, issuing 70,588,235 new shares at $0.017 each to new sophisticated cornerstone investors, a 30% premium to its recent closing price. The raise modestly dilutes e...
Metal Bank Corrects Error in March Quarter Cash Flow Report
May 4, 2026
Metal Bank Limited has corrected its quarterly cash flow report for the period ended 31 March 2026 after identifying an error in the operating cash flow figures and the inclusion of an unrelated qualifying statement. The company has issued an amen...
Metal Bank boosts cash reserves through equity raising despite exploration outflows
Apr 29, 2026
Metal Bank Limited reported a cash outflow from operating activities of A$162,000 for the March 2026 quarter, driven by administration and corporate costs, and a further A$418,000 used in capitalised exploration and evaluation. The company offset ...
Metal Bank lodges mining lease for Seven Leaders as it targets gold production in 2026
Apr 7, 2026
Metal Bank Limited has moved a step closer to becoming a near-term gold producer by lodging a mining lease application over the Seven Leaders deposit at its Whiteheads Gold Project near Kalgoorlie. The deposit, held in joint venture with Zebina Mi...
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.