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Middle Island Resources Limited
(Sydney:MDI)
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Rating:44Neutral
Price Target:
AU$0.02
▼(-46.67% Downside)
Action:Reiterated
Date:06/30/26
The score is primarily driven by weak financial performance: volatile/near-zero revenue, ongoing losses, and persistent negative operating and free cash flow. The debt-free balance sheet provides some downside support, but it has not prevented equity erosion. With no usable technical indicators and limited valuation support (negative P/E and no dividend yield data), the overall profile remains high risk based on the provided information.
Positive Factors
Debt-free balance sheet
A net-cash / debt-free balance sheet materially reduces refinancing risk and interest burdens over the medium term. This structural strength provides the company with financing optionality to fund exploration or weather cycles without immediate debt service constraints, supporting longer-term project development optionality.
Negative Factors
Recurring net losses
Persistent annual net losses erode shareholder equity and indicate the company is not generating returns on capital. Over multiple reporting cycles this undermines balance sheet resilience, reduces reinvestment capacity, and raises reliance on external funding for continued operations and project advancement.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A net-cash / debt-free balance sheet materially reduces refinancing risk and interest burdens over the medium term. This structural strength provides the company with financing optionality to fund exploration or weather cycles without immediate debt service constraints, supporting longer-term project development optionality.
Read all positive factors
Middle Island Resources Limited (MDI) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$16.89M
Dividend YieldN/A
Average Volume (3M)990.72K
Price to Earnings (P/E)―
Beta (1Y)0.50
Revenue GrowthN/A
EPS Growth42.65%
CountryAU
Employees3
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding993,321,800
10 Day Avg. Volume646,754
30 Day Avg. Volume990,715
Financial Highlights & Ratios
PEG Ratio0.23
Price to Book (P/B)1.74
Price to Sales (P/S)50.88
P/FCF Ratio-2.51
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
Middle Island Resources Limited Business Overview & Revenue Model
Company Description
Middle Island Resources Limited is an Australian-based enterprise primarily engaged in the exploration and development of gold resources. The company boasts full ownership (100%) of the significant Barkly copper-gold project. This extensive ventur...
How the Company Makes Money
null...
Middle Island Resources Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | -1.58K | 102.35K | 69.98K | 32.14K | 115.32K | 5.48K |
| Gross Profit | -20.32K | -29.99K | 69.98K | -1.77K | 111.18K | -29.06K |
| EBITDA | -2.19M | -2.02M | -1.63M | -5.26M | -3.51M | -6.79M |
| Net Income | -1.46M | -2.05M | -1.66M | -5.30M | -5.32M | -6.82M |
Balance Sheet | ||||||
| Total Assets | 22.33M | 3.18M | 4.12M | 3.98M | 9.31M | 7.33M |
| Cash, Cash Equivalents and Short-Term Investments | 4.71M | 2.40M | 3.35M | 2.78M | 4.99M | 3.56M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 13.95K | 69.84K |
| Total Liabilities | 349.37K | 177.43K | 151.52K | 106.98K | 146.45K | 1.80M |
| Stockholders Equity | 21.98M | 3.00M | 3.97M | 3.87M | 9.17M | 5.53M |
Cash Flow | ||||||
| Free Cash Flow | -2.24M | -2.07M | -1.87M | -5.16M | -3.35M | -7.11M |
| Operating Cash Flow | -2.24M | -2.02M | -1.62M | -5.16M | -3.27M | -7.11M |
| Investing Cash Flow | -58.33K | 1.38M | -179.95K | 585.00 | 4.91M | -509.42K |
| Financing Cash Flow | 3.45M | 1.08M | 1.09M | 0.00 | 0.00 | 5.58M |
Middle Island Resources Limited Technical Analysis
Negative
0.03
Price Trends
0.02
Negative
0.02
Negative
0.03
Negative
Market Momentum
>-0.01
Negative
48.56
Neutral
83.33
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MDI, the sentiment is Negative. The current price of 0.03 is above the 20-day moving average (MA) of 0.01, above the 50-day MA of 0.02, and above the 200-day MA of 0.03, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 48.56 is Neutral, neither overbought nor oversold. The STOCH value of 83.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:MDI.
Middle Island Resources 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% | |
50 Neutral | AU$9.57M | -3.89 | -11.93% | ― | ― | ― | |
47 Neutral | AU$12.58M | -1.61 | -167.03% | ― | ― | 2.65% | |
44 Neutral | AU$16.89M | -3.85 | -11.72% | ― | ― | 42.65% | |
44 Neutral | AU$13.47M | -24.00 | -7.09% | ― | ― | -135.48% | |
41 Neutral | AU$10.44M | -1.36 | -130.68% | ― | ― | 13.04% | |
41 Neutral | AU$12.78M | -1.94 | -202.96% | ― | ― | 41.01% |
* Basic Materials Sector Average
AU:MDI
Middle Island Resources Limited
0.02
>-0.01
-28.57%
AU:RMX
Red Mountain Mining Ltd
0.01
0.00
0.00%
AU:RR1
Reach Resources Limited
0.01
<0.01
10.00%
AU:KAL
Kalgoorlie Gold Mining Limited
0.02
-0.02
-41.03%
AU:CDT
Castle Minerals Limited
0.08
0.01
17.19%
AU:FG1
Flynn Gold Ltd.
0.02
>-0.01
-22.22%
Middle Island Resources Limited Corporate Events
Middle Island Expands Serbian Gold-Silver System and Highlights New CRD Targets
Jul 31, 2026
Middle Island Resources reported outstanding Phase 2 reverse circulation drilling results at its Bobija project in Serbia, confirming a laterally extensive, shallow gold-silver-base metal system that now links the Central, West and North zones int...
Middle Island Expands Large Shallow Gold-Silver-Base Metal System at Bobija
Jul 1, 2026
Middle Island Resources has reported final results from its Phase 2 reverse circulation drilling at the Bobija mine area in Serbia, confirming a large, shallow gold-silver-base metal system that now covers about 80,000 square metres and remains op...
Middle Island Expands Major Polymetallic Target at Serbian Bobija Project
May 13, 2026
Middle Island Resources has significantly expanded the Tisovik polymetallic discovery within its Bobija Project in Serbia, with follow-up soil sampling defining multiple high-priority target zones over roughly six kilometres of strike. Assay resul...
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.