Metal Bank Limited (AU:MBK)
ASX:MBK
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Metal Bank Limited
(Sydney:MBK)
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Rating:44Neutral
Price Target:
AU$0.02
▼(-10.00% Downside)
Action:ReiteratedDate:03/24/26
The score is primarily held down by persistent losses and negative operating/free cash flow, with limited valuation support due to a negative P/E and no dividend. The key stabilizing factor is the debt-free balance sheet, while technical indicators point to a soft trend rather than a clear rebound.
Positive Factors
Debt-free balance sheet
A consistently debt-free balance sheet materially reduces solvency and interest-rate risk for a junior explorer. Over 2–6 months this preserves flexibility to pursue drilling, lodge mining leases, and negotiate JV or tolling terms without immediate debt servicing pressures, supporting project optionality.
Negative Factors
Recurring operating and net losses
Sustained operating and net losses indicate the company is not yet generating operating profitability; this erodes equity over time and limits internal funding for exploration or development. Persisting losses constrain strategic options and increase reliance on partners or capital markets to progress projects.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A consistently debt-free balance sheet materially reduces solvency and interest-rate risk for a junior explorer. Over 2–6 months this preserves flexibility to pursue drilling, lodge mining leases, and negotiate JV or tolling terms without immediate debt servicing pressures, supporting project optionality.
Read all positive factors
Metal Bank Limited (MBK) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$17.67M
Dividend YieldN/A
Average Volume (3M)1.02M
Price to Earnings (P/E)―
Beta (1Y)0.86
Revenue GrowthN/A
EPS Growth31.75%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding841,269,650
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 engages in the exploration of mineral properties. It holds 100% interests in the 8 Mile, Wild Irishman, and Eidsvold gold projects situated in South East Queensland; and a 75% interest in the Livingstone project located in Weste...
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
0.03
Negative
0.02
Negative
0.02
Positive
Market Momentum
>-0.01
Positive
45.20
Neutral
12.63
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 below the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.03, and above the 200-day MA of 0.02, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 45.20 is Neutral, neither overbought nor oversold. The STOCH value of 12.63 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$10.69M | -1.61 | -19.54% | ― | ― | 15.38% | |
46 Neutral | AU$19.21M | -2.09 | -58.76% | ― | ― | 77.62% | |
44 Neutral | AU$17.67M | -3.00 | -15.81% | ― | ― | 31.75% | |
44 Neutral | AU$9.58M | -3.87 | -34.21% | ― | ― | 95.24% | |
43 Neutral | AU$10.85M | -0.53 | -349.72% | ― | ― | ― |
* Basic Materials Sector Average
AU:MBK
Metal Bank Limited
0.02
<0.01
40.00%
AU:PRX
Prodigy Gold NL
0.06
<0.01
7.55%
AU:ALY
Alchemy Resources Limited
0.01
0.00
0.00%
AU:AUV
Sipa Resources Limited
0.02
<0.01
15.38%
AU:NES
Nelson Resources Ltd.
0.01
0.00
0.00%
Metal Bank Limited Corporate Events
Metal Bank Issues Consolidated Interim Financial Report
Mar 13, 2026
Metal Bank Limited has released its consolidated interim financial report, which includes the directors’ report, financial statements, notes, and the independent auditor’s review. The document provides an overview of the group’s ...
Metal Bank Flags High Gold Recoveries and Potential Grade Upside at Seven Leaders
Mar 9, 2026
Metal Bank Limited has reported strong metallurgical results from recent testing of ore from the Seven Leaders prospect at its Whiteheads Gold Project, about 80km northeast of Kalgoorlie. The work showed exceptional gravity gold recovery of 72.5% ...
Metal Bank Corrects Director Charles Lew’s Shareholding After In-Specie Distribution
Feb 24, 2026
Metal Bank Limited has reported a change in director Foon Keong Charles Lew’s relevant interest in the company’s securities, arising from a reconciliation of shares following an in-specie distribution of Metal Bank shares from Hastings...
Metal Bank Uncovers High-Grade Graphite Adjacent to Millennium Copper-Gold Pit
Feb 22, 2026
Metal Bank has reported high-grade, near-surface graphite intersections from a four-hole diamond drilling campaign at its Millennium project in northwest Queensland, including broad zones adjacent to the existing copper-cobalt-gold resource pit de...
Metal Bank Corrects December Quarter Cash Flow Disclosure
Feb 6, 2026
Metal Bank Limited has issued a correction to its Quarterly Cash Flow Report for the quarter ended 31 December 2025, clarifying that a qualifying statement previously included under the cash and cash equivalents section was added in error and did ...
Metal Bank Outlines Project Profile and Risks in New Investor Presentation
Feb 2, 2026
Metal Bank Limited has released an investor presentation dated 1 February 2026 outlining general information about its operations and projects, emphasising that the material is not a prospectus and does not constitute financial or investment advic...
Metal Bank Bolsters Cash Reserves Through Equity Raising Despite Exploration Outflows
Jan 27, 2026
Metal Bank Limited reported its quarterly cash flow for the period ended 31 December 2025, showing no receipts from customers and operating cash outflows driven mainly by administration and corporate costs of $574,000 and exploration and evaluatio...
Metal Bank Advances WA Gold Strategy and Millennium Critical Minerals Project
Jan 27, 2026
Metal Bank Limited has advanced its Western Australian gold strategy during the December 2025 quarter by completing the acquisition of Hastings Technology Metals’ gold assets, including the Whiteheads Project near Kalgoorlie, and progressing...
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.