Metal Bank Limited (AU:MBK)
ASX:MBK
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Metal Bank Limited
(Sydney:MBK)
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Rating:41Neutral
Price Target:
AU$0.01
▼(-30.00% Downside)
Action:Reiterated
Date:05/22/26
The score is weighed down primarily by weak financial performance (recurring losses and ongoing cash burn) and bearish technical conditions (below key moving averages with negative MACD and very low RSI/Stoch). A debt-free balance sheet provides some downside risk mitigation, but valuation is not clearly supportive due to negative earnings and no dividend data.
Positive Factors
Debt-free balance sheet
A consistently debt-free balance sheet materially reduces financial risk and interest obligations, preserving flexibility to pursue exploration or partnership deals. Over 2-6 months this lowers solvency risk and gives management optionality when negotiating JV or asset-sale terms.
Negative Factors
Recurring operating and net losses
Sustained operating and net losses indicate the company is not yet generating profitable returns on capital. Over several months this erodes retained reserves, pressures ability to fund exploration internally, and risks repeated dilution or asset sales to cover deficits.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A consistently debt-free balance sheet materially reduces financial risk and interest obligations, preserving flexibility to pursue exploration or partnership deals. Over 2-6 months this lowers solvency risk and gives management optionality when negotiating JV or asset-sale terms.
Read all positive factors
Metal Bank Limited (MBK) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$12.62M
Dividend YieldN/A
Average Volume (3M)1.02M
Price to Earnings (P/E)―
Beta (1Y)0.61
Revenue GrowthN/A
EPS Growth-92.31%
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...
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
34.96
Neutral
38.89
Neutral
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 0.02, 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 34.96 is Neutral, neither overbought nor oversold. The STOCH value of 38.89 is Neutral, 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$9.50M | -1.61 | -19.54% | ― | ― | -11.76% | |
44 Neutral | AU$25.28M | -2.09 | -58.76% | ― | ― | 28.68% | |
44 Neutral | AU$11.14M | -3.87 | -34.21% | ― | ― | 92.50% | |
41 Neutral | AU$12.62M | -3.00 | -15.81% | ― | ― | -92.31% | |
41 Neutral | AU$10.31M | -0.53 | -184.19% | ― | ― | 8.00% |
* Basic Materials Sector Average
AU:MBK
Metal Bank Limited
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Metal Bank Limited Corporate Events
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...
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...
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.