Metal Bank Limited (MBK) AI Stock Analysis

• Market Cap: AU$5.97M
• Dividend Yield: N/A
• Average Volume (3M): 188.04K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.46
• Revenue Growth: N/A
• EPS Growth: 60.29%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 68
• Industry: Gold
• EPS (TTM): >-0.01
• Shares Outstanding: 497,458,980
• 10 Day Avg. Volume: 52,190
• 30 Day Avg. Volume: 188,037
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.39
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -1.10
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 34 Underperform
• Price Target: ―

Metal Bank Limited's overall stock score is significantly impacted by its financial instability, with ongoing operational losses and reliance on financing activities posing major concerns. Despite a strong equity base with no debt, the technical indicators show a bearish trend, and the negative P/E ratio further underscores the company's challenges. The lack of earnings guidance or corporate events leaves few positive catalysts in the near term.

Metal Bank Limited Business Overview & Revenue Model

Company Description

Metal Bank Limited (MBK) is a company focused on the exploration and development of mineral resources, primarily within the precious metals sector. The company engages in the identification, acquisition, and development of prospective mineral projects with a focus on gold and other valuable metals. Metal Bank Limited operates primarily in Australia, leveraging its expertise to advance exploration projects and create value for its stakeholders.

How the Company Makes Money

Metal Bank Limited makes money through the exploration and development of mineral resources, primarily focusing on gold and other precious metals. The company's revenue model is primarily based on the identification and acquisition of mineral-rich properties, which are then explored and potentially developed further. Once significant mineral deposits are confirmed, MBK may either proceed with the development and eventual sale of the extracted minerals or partner with other mining companies to jointly develop the projects. Revenue is generated through the sale of its mineral rights, direct sales of extracted minerals, or joint venture agreements that provide a share of profits. Additionally, strategic partnerships and investments play a role in enhancing the company's ability to explore and develop new projects, contributing to its overall earnings.

Metal Bank Limited Financial Statement Overview

Summary

Metal Bank Limited is facing significant financial challenges across all statements. The inability to generate revenue and ongoing losses are worrying. Although the company has no debt and a strong equity base, the reliance on financing to sustain operations is not viable long-term. Improvements in revenue generation and cost management are critical for financial stability.

Income Statement

Metal Bank Limited's income statement highlights significant challenges. The gross profit margin is negative, and the net profit margin is also negative, indicating ongoing operational losses. Revenue has decreased to zero in the latest period, suggesting instability in generating sales. The EBIT and EBITDA margins are negative, pointing to persistent profitability issues.

Balance Sheet

The balance sheet reveals a relatively strong equity position with no debt, resulting in a debt-to-equity ratio of zero, which is favorable. The equity ratio is high, indicating that the company is primarily financed by equity. However, the consistent decline in stockholders' equity over recent years is a concern, reflecting ongoing losses.

Cash Flow

Cash flow analysis shows negative free cash flow and operating cash flow, which are red flags for liquidity. The company has been relying heavily on financing activities to cover cash shortfalls, which is unsustainable in the long term. The lack of free cash flow growth further exacerbates concerns about financial health.

Breakdown
TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
0.00	0.00	18.69K	835.00	106.28K	11.07K
	Gross Profit
0.00	-10.00K	17.71K	-1.11K	103.01K	5.53K
	EBIT
-980.20K	-2.09M	-1.06M	-1.89M	-470.71K	-457.37K
	EBITDA
-965.69K	-2.08M	-920.04K	-1.73M	-233.75K	-1.33M
	Net Income Common Stockholders
-1.10M	-2.22M	-7.05M	-1.89M	-364.44K	-1.33M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.19M	794.66K	767.59K	5.69M	1.00M	628.30K
	Total Assets
17.35M	16.27M	14.40M	22.63M	10.97M	9.31M
	Total Debt
0.00	0.00	0.00	0.00	0.00	0.00
	Net Debt
-1.19M	-793.41K	-766.34K	-5.69M	-1.00M	-627.05K
	Total Liabilities
489.01K	630.16K	398.33K	2.29M	166.23K	220.30K
	Stockholders Equity
16.86M	15.64M	14.00M	20.34M	10.80M	9.09M
Cash Flow		Free Cash Flow
-1.21M	-2.59M	-4.92M	-4.94M	-2.07M	-1.13M
	Operating Cash Flow
-210.60K	-764.49K	-565.81K	-1.39M	-478.85K	-424.95K
	Investing Cash Flow
-995.58K	-1.83M	-4.36M	-3.55M	-1.19M	-701.68K
	Financing Cash Flow
0.00	2.62M	9.63M	9.63M	2.05M	0.00

Metal Bank Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.01
• 50DMA: Neutral
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Positive
• STOCH: 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 0.01 is above the 20-day moving average (MA) of <0.01, equal to the 50-day MA of 0.01, and below the 200-day MA of 0.02, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 20.87 is Positive, neither overbought nor oversold. The STOCH value of -16.67 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WAF	71 Outperform	$2.62B	11.20	21.73%	―	9.95%	44.59%
Sector *	51 Neutral	$2.03B	-1.27	-21.09%	4.14%	2.90%	-30.49%
SVM	42 Neutral	AU$459.33M	―	-77.74%	―	―	-654.93%
NVA	37 Underperform	$116.28M	―	-9.46%	―	―	41.29%
MBK	34 Underperform	AU$5.97M	―	-6.68%	―	―	60.29%
G88	28 Underperform	AU$7.08M	―	-31.24%	―	―	30.16%

Metal Bank Limited Corporate Events

Metal Bank Limited Reports Quarterly Cash Flow

Metal Bank Limited reported its quarterly cash flow, highlighting a net cash outflow from operating activities of $171,000 and from investing activities of $378,000. The company did not generate any cash from financing activities this quarter, but had previously raised $1,477,000 in the year to date. This financial update underscores the company’s ongoing investment in exploration and evaluation, reflecting its commitment to advancing its projects despite current cash flow challenges.

Metal Bank Limited Reports Resource Growth and Secures Exploration Grant

Metal Bank Limited has reported a significant increase in its gold resources at the Livingstone project in Western Australia, with a 73% rise in global gold resources and notable increases at specific sites like Kingsley and Homestead. The company is also advancing its projects in Saudi Arabia and Jordan, with ongoing fieldwork and applications for exploration licenses. In Queensland, the Millennium project received a $275k grant from the Queensland Government to explore graphite potential alongside existing cobalt, copper, and gold resources, highlighting the company’s strategic focus on critical minerals.

Metal Bank Secures Grant to Boost Millennium Project

Metal Bank Limited has been awarded a $275,000 grant from the Queensland Government’s Collaborative Exploration Initiative to advance its Millennium Co-Cu-Au-graphite project. The grant will support diamond drilling, re-assaying, and metallurgical studies to explore the graphite potential alongside the existing mineral resources. This funding will help de-risk the project and potentially add significant value as the company progresses towards future production.

Metal Bank Boosts Livingstone Gold Resource by 73%

Metal Bank Limited has announced a significant 73% increase in the gold resource at its Livingstone project in Western Australia, bringing the total to 2.81 million tonnes at 1.36g/t gold for 122.6 thousand ounces. This expansion enhances the project’s attractiveness to regional processing facilities and provides a solid foundation for future growth, with potential for further resource expansion due to undrilled higher-grade shoots. The company’s strategic focus includes advancing its copper plans in Saudi Arabia and Jordan while maximizing the value of its Australian assets.

Metal Bank Limited Releases Interim Financial Report for H2 2024

Metal Bank Limited has released its interim financial report for the half-year ended 31 December 2024. The report includes key financial statements such as the consolidated statement of profit or loss, financial position, changes in equity, and cash flows. This release provides stakeholders with insights into the company’s financial health and operational performance over the past six months, which may influence investor decisions and market perceptions.