Metalsgrove Mining Ltd. (AU:MGA)
ASX:MGA
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Metalsgrove Mining Ltd.
(Sydney:MGA)
Select Model
Select Model
Rating:43Neutral
Price Target:
AU$0.11
▲(38.75% Upside)
Action:ReiteratedDate:03/24/26
The score is primarily constrained by weak financial performance—large losses and ongoing cash burn—despite improved revenue and a debt-free balance sheet. Technical signals are also soft (below key moving averages with negative MACD), and valuation is limited by a negative P/E and no dividend support.
Positive Factors
Debt-free balance sheet
A zero-debt capital structure materially reduces refinancing and interest-rate risk, giving management flexibility to prioritize exploration and development. Over the medium term this buffer supports project funding, joint-venture bargaining power and resilience during commodity cycles.
Negative Factors
Persistent unprofitability
Widening operating losses indicate the business model and cost base are not yet scalable to profitability. Over the next several months this erodes capital, forces prioritization of projects, and increases the probability of additional funding rounds or asset sales to bridge the gap.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A zero-debt capital structure materially reduces refinancing and interest-rate risk, giving management flexibility to prioritize exploration and development. Over the medium term this buffer supports project funding, joint-venture bargaining power and resilience during commodity cycles.
Read all positive factors
Metalsgrove Mining Ltd. (MGA) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$17.42M
Dividend YieldN/A
Average Volume (3M)177.83K
Price to Earnings (P/E)―
Beta (1Y)-0.33
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)N/A
Shares Outstanding151,453,320
10 Day Avg. Volume265,043
30 Day Avg. Volume177,826
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)1.81
Price to Sales (P/S)88.18
P/FCF Ratio-5.51
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
Metalsgrove Mining Ltd. Business Overview & Revenue Model
Company Description
MetalsGrove Mining Limited engages in the acquisition, exploration, and development of green metals for the battery and renewable energy market in Australia. It primarily explores for copper, lead, zinc, gold, lithium, tin, tantalum, manganese, an...
How the Company Makes Money
Metalsgrove Mining Ltd. generates revenue primarily through the exploration, development, and eventual sale or licensing of mineral resources, including critical minerals and rare earth elements. Revenue is derived from either selling mined raw ma...
Metalsgrove Mining Ltd. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
58
Neutral
Cash Flow
22
Negative
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|
Income Statement | ||||
| Total Revenue | 81.29K | 50.39K | 76.36K | 5.14K |
| Gross Profit | 81.29K | 50.39K | 76.36K | 5.14K |
| EBITDA | -2.51M | -475.31K | -706.88K | -340.18K |
| Net Income | -2.41M | -3.35M | -871.21K | -970.63K |
Balance Sheet | ||||
| Total Assets | 4.07M | 6.41M | 8.38M | 8.99M |
| Cash, Cash Equivalents and Short-Term Investments | 1.38M | 2.69M | 3.10M | 6.69M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 123.69K | 129.40K | 698.51K | 645.60K |
| Stockholders Equity | 3.95M | 6.28M | 7.68M | 8.34M |
Cash Flow | ||||
| Free Cash Flow | -1.30M | -2.48M | -2.97M | -222.49K |
| Operating Cash Flow | -904.49K | -1.03M | -639.45K | -62.20K |
| Investing Cash Flow | -397.69K | -1.45M | -2.41M | -160.29K |
| Financing Cash Flow | 0.00 | 2.07M | -535.36K | 11.69M |
Metalsgrove Mining Ltd. Technical Analysis
Positive
0.08
Price Trends
0.11
Positive
0.09
Positive
0.08
Positive
Market Momentum
>-0.01
Negative
57.70
Neutral
77.78
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MGA, the sentiment is Positive. The current price of 0.08 is below the 20-day moving average (MA) of 0.11, below the 50-day MA of 0.11, and above the 200-day MA of 0.08, indicating a bullish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 57.70 is Neutral, neither overbought nor oversold. The STOCH value of 77.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:MGA.
Metalsgrove Mining Ltd. 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% | |
45 Neutral | AU$16.58M | -3,062.78 | 5.86% | ― | ― | ― | |
45 Neutral | AU$5.63M | -0.39 | -330.13% | ― | ― | 61.60% | |
43 Neutral | AU$17.42M | -2.97 | -57.94% | ― | ― | ― | |
42 Neutral | AU$39.83M | -7.10 | -99.27% | ― | ― | -36.36% | |
41 Neutral | AU$5.85M | -0.93 | -120.84% | ― | ― | -349.06% | |
| ― | AU$4.73M | -5.50 | -26.98% | ― | ― | 4.35% |
* Basic Materials Sector Average
AU:MGA
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0.00%
Metalsgrove Mining Ltd. Corporate Events
MetalsGrove outlines Côte d’Ivoire gold exploration progress in investor briefing
Mar 31, 2026
MetalsGrove Mining Limited has released an investor presentation outlining the progress of its gold exploration activities in Côte d’Ivoire. The document provides general background on the company’s exploration programs and descri...
MetalsGrove appoints seasoned executive as new CFO and Company Secretary
Mar 26, 2026
MetalsGrove Mining Limited has appointed experienced corporate executive Susmit Shah as its new Chief Financial Officer and Company Secretary, effective immediately. Shah brings three decades of board-level and secretarial experience across public...
MetalsGrove launches advanced regolith and LiDAR survey at Zuénoula gold project in Côte d’Ivoire
Mar 15, 2026
MetalsGrove Mining has begun an integrated regolith mapping, rock chip sampling and high-resolution UAV LiDAR program at its Zuénoula Project in central Côte d’Ivoire, part of the Central West Gold Project. The work, led by SEMS Ex...
MetalsGrove Mining Issues Half-Year Report Header for December 2025
Mar 11, 2026
MetalsGrove Mining Limited has released its half-year report for the period ended 31 December 2025, containing standard corporate materials such as the directors’ report and an independent auditor’s report. The document is largely stru...
MetalsGrove expands gold targets at Zuénoula with new Côte d’Ivoire anomalies
Mar 10, 2026
MetalsGrove Mining has identified a second gold exploration target, the Fifty-Five Area, on its Zuénoula PR750 permit in Côte d’Ivoire, complementing the previously defined Central Area and a third South East Corner target. The com...
MetalsGrove launches soil sampling campaign on Côte d’Ivoire Vavoua gold permit
Feb 25, 2026
MetalsGrove Mining has begun systematic, project-scale soil sampling on its Vavoua PR-454 permit in Côte d’Ivoire, following community consultations. The work targets a regional northeast-trending gold corridor that hosts multiple histo...
MetalsGrove Director Increases Stake Through Tranche Two Placement
Feb 3, 2026
MetalsGrove Mining Limited has disclosed a change in director Peter Ledwidge’s indirect interest in the company, with his superannuation-related entity subscribing for 333,333 additional fully paid ordinary shares at $0.06 per share. The acq...
MetalsGrove Director Increases Stake via Tranche Two Placement
Feb 3, 2026
MetalsGrove Mining Limited has reported a change in director Haidong Chi’s relevant interests following his participation in tranche two of a previously announced share placement. Through his indirect interest via Fountain Stream Pty Ltd, Ch...
MetalsGrove Director Lijun Yang Increases Indirect Shareholding Through Placement and Bonus Shares
Feb 3, 2026
MetalsGrove Mining Limited has disclosed a change in director Lijun Yang’s indirect interests, with Yang’s associated entity LJY Capital Pty Ltd increasing its holding of fully paid ordinary shares. Following the issue of 1,666,666 sha...
MetalsGrove Director Increases Stake Through Placement Participation
Feb 3, 2026
MetalsGrove Mining has disclosed a change in director Luke Huang’s relevant interests, with an indirect holding vehicle, Hermit Investment Pty Ltd, acquiring 5 million fully paid ordinary shares at $0.06 per share. Following this participati...
MetalsGrove Defines First Gold Target at Zuénoula Permit in Côte d’Ivoire
Feb 3, 2026
MetalsGrove Mining has identified its first gold exploration target on the Zuénoula permit (PR-750) in Côte d’Ivoire after district-scale soil sampling outlined a significant cluster of anomalous gold values coincident with a north...
MetalsGrove Issues 19.7 Million New Shares Under Placement and Shareholder Approvals
Feb 2, 2026
MetalsGrove Mining has issued a total of 19,678,330 fully paid ordinary shares, comprising 18,678,330 shares under the second tranche of a placement announced in December 2025 and an additional 1,000,000 shares to two parties approved by sharehold...
Metalsgrove Mining Seeks ASX Quotation for 1 Million New Shares
Feb 2, 2026
Metalsgrove Mining Ltd has applied to the ASX for quotation of 1,000,000 new fully paid ordinary shares, to be issued on 2 February 2026. Of these, 500,000 shares will be issued to investor Lijun Yang or his nominee following shareholder approval ...
Metalsgrove Mining Seeks ASX Quotation for 18.7 Million New Shares
Feb 2, 2026
Metalsgrove Mining Ltd has applied to the ASX for quotation of 18,678,330 new ordinary fully paid shares, with an issue date of 30 January 2026, under an Appendix 2A filing. The additional securities, which follow a previously announced transactio...
MetalsGrove Shareholders Back All Resolutions at General Meeting
Jan 30, 2026
MetalsGrove Mining Limited has confirmed that all resolutions put to shareholders at its 30 January 2026 general meeting were passed by poll, including ratification of previous share issues under Listing Rules 7.1 and 7.1A and approval to issue Tr...
MetalsGrove Begins Gold Exploration Program in Côte d’Ivoire
Jan 14, 2026
MetalsGrove Mining Limited has launched exploration activities on a gold project in Côte d’Ivoire, outlining the program in an investor presentation that provides general background on its operations and projects. The document, framed b...
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.